Shardeum layer 1 confirms its token will launch on May 5 after multiple delays

Shardeum, a layer 1 blockchain co-founded by WazirX founder Nischal Shetty, has scheduled its token era occasion for Might 5, 2025.

The undertaking confirmed the launch date on an Apr. 17 publish on X, noting that extra particulars on its airdrop, token sale, and SHM listings can be shared quickly. This marks a serious step ahead for the undertaking, which has seen its mainnet launch delayed a number of occasions since its authentic timeline.

Earlier this month, Shardeum had introduced that it will launch on Apr. 15. Citing unfavorable market situations, Shardeum delayed its deliberate launch to Might in an replace launched on Apr. 10. The workforce clarified that the expertise is prepared, however a strategic delay would guarantee a stronger debut as market situations have been nonetheless unfavorable.

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Shardeum’s upcoming launch follows a prolonged improvement cycle that included a number of testnets, “Liberty,” “Sphinx,” and the incentivized “Atomium,” which helped the platform check scalability and neighborhood engagement. Based on the workforce, Shardeum’s testnet broke information with over 171,000 validators and greater than 81 million transactions.

The undertaking has confronted inside turmoil regardless of its technical milestones. Greater than a dozen staff, together with key members of the neighborhood and enterprise groups, have left within the final 12 months, as beforehand reported by The Financial Occasions. Nevertheless, the corporate claims that its management is stronger than ever, citing the latest hiring of Srinivasan Parthasarathy as chief expertise officer.

To reward early supporters, Shardeum has additionally detailed a three-phase airdrop marketing campaign. Greater than 3.6 million SHM tokens can be distributed to contributors within the improvement, neighborhood, and validator roles in the course of the first section. Contributors from the incentivized testnet and mainnet launch campaigns will obtain rewards in later phases.

The SHM token can be used for plenty of community features, together with governance, staking, and fuel funds. To help its deflationary mannequin, Shardeum will burn all transaction charges. The whole provide is capped at 508 million SHM, with over half allotted to the neighborhood.

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