Shardeum, a layer 1 blockchain, partly founded by Wazirx founder Niseal Shetty, has planned his tokenteration event for 5 May 2025.
The project confirmed the launch date on a message of April 17 on X, and noted that more details about the AirDrop, Token Sale and SHM statements will be shared soon. This marks an important step forward for the project, so that his Mainstet launch has delayed several times since its original timeline.
This is simply in ➡️ Shardeum tge ➡️ 05.05.2025
More details about AirDrop, token sale $ SHM Allocation & Listing will soon be announced 🎊
Stay informed! pic.twitter.com/mpljbnjsam
– Shardeum (@shardeum) April 16, 2025
Earlier this month, Shardeum had announced that it would launch on April 15. With reference to unfavorable market conditions, Sharingeum delayed his planned launch until May in an update released on 10 April. The team clarified that the technology is ready, but a strategic delay would cause a stronger debut because market conditions were still unfavorable.
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The upcoming launch of Shardeum follows a long development cycle with multiple test nets, “Liberty”, “Sphinx” and the stimulated “Atomium”, which helped the platform scalability and community involvement. According to the team, the Shardeum Records test network broke with more than 171,000 validators and more than 81 million transactions.
Despite its technical milestones, the project confronted with internal unrest. More than a dozen employees, including important members of the community and business teams, have left last year, as previously reported by the Economic Times. However, the company claims that its leadership is stronger than ever, with reference to the recent recruitment of Srinivasan Parthasarathy as Chief Technology Officer.
To reward early supporters, Shardeum has also detailed a three-phase airdrop campaign. More than 3.6 million SHM-Tokens will be distributed during the first phase on contributors in development, community and validator roles. Participants of the stimulated test network and minstet launch campaigns receive rewards in later phases.
The SHM token will be used for a number of network functions, including governance, deployment and gas payments. To support the deflatory model, Shardeum will burn all transaction costs. The total supply is covered at 508 million SHM, with more than half assigned to the community.
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