Participating in Shardeum "Sphinx Dapp" Testnet

The countdown to the eagerly anticipated Shardeum Mainnet launch is on, with Q3 marked for its grand entrance. As the clock ticks, early-bird enthusiasts have a golden opportunity to interact with the Shardeum Testnet, ensuring they don't miss out on the potentially game-changing SHM Token. With a successful fundraising round that raised an impressive $23.6 million and an exciting airdrop on the horizon, the stakes are high, and the time to act is now.

Embracing Innovation: Shardeum's Unique Proposition

Shardeum stands as a promising EVM-Based L1 Blockchain that promises infinite scalability and atomic cross-shard composability. Unlike its predecessors, Shardeum leverages dynamic sharding to deliver low gas fees and lightning-fast transactions per second (TPS), aiming to bring true decentralization to the masses. The project has already garnered substantial support, raising $23.6 million from a diverse pool of 50 investors, including notable names such as Galxe and Luganodes, all at an impressive $200 million valuation.

Tokenomics and Airdrop Strategy: Key Insights

Shardeum's tokenomics reveal a well-thought-out distribution plan. Notably, 5% of the SHM Token is allocated for ecosystem growth and airdrops, while a significant portion, 51%, is designated for rewarding network nodes, further fostering the project's decentralization.

For those eyeing the imminent airdrop, a strategic approach is crucial. Here’s a step-by-step guide to help participants position themselves for this exciting opportunity:

Task 1: Add Shardeum Chain to Metamask

Visit https://docs.shardeum.org/network/endpoints#shardeum-sphinx-dapp-1x and scroll down to add the Shardeum network with chain ID “8081”.

Task 2: Request Testnet Tokens

  • Join Discord at https://discord.gg/shardeum to request testnet tokens. Head over to the #dapp-faucet channel and use the “/faucet” command, paste the wallet address, and receive $15 SHM tokens.
  • Telegram:

Join the Telegram group at https://t.me/shardians and submit address using the command /claim to instantly receive 12 $SHM tokens.

Task 3: Trade tokens on Shardeum (Swapped)

  • Swap Tokens

Visit the website at https://app.swapped.finance/swap, connect wallet, and swap SHM Tokens for SWPD Tokens.

  • Add liquidity

Navigate to the “Pool” section, and click “Add”. Select the tokens and input the amount of liquidity to add.

  • Remove Liquidity

Click on “View Liquidity Positions” and select “Remove”. Approve the tokens and confirm the withdrawal.

Task 4: Create Shardeum Domain (Dotshm)

Register a personalized domain name on the Shardeum network.

Visit https://dotshm.me, connect wallet and set the network to “Sphinx Dapp”.

Search for the desired name and register it if available.

Task 5:  Mint NFT on Shardeum (Bandit)

Head over to https://bandit.network/?collectionId=74768 to mint the Shardeum Unity NFT.

Taking Action: A Proactive Approach to Shardeum's Future

With the Shardeum Mainnet on the horizon, the Testnet offers an exclusive opportunity for individuals to position themselves for the upcoming airdrop. By actively engaging with the platform's various features, users can not only secure their spot in the airdrop but also explore Shardeum's innovative capabilities firsthand.

As the cryptocurrency landscape evolves, embracing projects like Shardeum becomes an exciting way to participate in the blockchain revolution. By following this comprehensive guide, enthusiasts can seize the chance to be a part of Shardeum's transformative journey and potentially reap the rewards of their early involvement.

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