Shardeum, an EVM (Ethereum Virtual Machine) based sharded layer 1 blockchain, has recently launched their incentivized testnet Atomium. The project is currently in its primary stages.
Begin your atomium testnet journey with stage 1 quests, unlock levels as you progress, and have a chance to earn exclusive rewards like XP, Badges, NFTs, and airdrops. Let’s dive into a comprehensive study of the Shardeum, and a step-by-step tutorial on how to claim their rewards.
What is Shardeum?
Sharding is the process of splitting up a larger blockchain network into smaller parts, so it will be effortless to manage them. A major drawback of sharding is the unattainability of atomic composability, the ability to combine any number of applications. However, the Shardeum uses a nuanced architecture where atomic composability is sustained. This is attained with the help of their native coin Shard (SHM).
The SHM Coin
Shard, Shardeum’s native coin, with SHM as its ticker symbol, is an upcoming token and is one of the most anticipated tokens. Most probably SHM will be listed as soon as Shardeum’s testnet becomes mainnet. SHM has a wide range of functions, including staking and governance. Also, It can be used as a reward token, gas token, and transaction fee for burning.
Similar to ETH on the Ethereum network, SHM is divisible to 18 digits. That makes it easy to carry and transfer. SHM tokens are finite, and all transaction fees on Shardeum are burned, allowing the network to remove SHM from the circulating supply to guarantee its scarcity, and support its long-term value.
SHM Token Allocation Breakdown
SHM will have a maximum supply of 508 million tokens. Here is the breakdown of SHM token allocation:
% of Supply | SHM Amount | Category | Description |
51% | 259,080,000 | Community | This allocation is for the community. Mostly it is used as a reward for validator and archiver nodes. |
18% | 91,440,000 | Sale | Three months of the cliff, where no tokens are awarded. Then 2-year daily linear vesting. |
15% | 76,200,000 | Team | Same as the sale. Three months of the cliff, where no tokens are awarded. Then 2-year daily linear vesting. |
11% | 55,880,000 | Foundation | This allocation is unlocked at the Token Generation Event (TGE) |
5% | 25,400,000 | Ecosystem | Like the foundation allocation, this is also unlocked at the Token Generation Event (TGE) |
Total | 508,000,000 |
When Are They Launching Incentivized Testnet?
The shardeum’s incentivized testnet is live now. It is named as Atomium. Following the successful completion of the incentivized testnet and the resolution of issues identified during the testnet by the users, Shardeum will proceed with the launch of its mainnet.
How to Access Shardeum’s Atomium Testnet?
Visit the official website of Shardeum, or visit their official Twitter account to get the genuine link to the airdrop page. The Testnet also works on the referral system. So, finding someone with a referral code is mutually beneficial to both of you. Both the referrer and the referee will get additional points. You can find referral codes on Shardeum’s social media handles and communities. Here are the detailed steps after obtaining a referral code:
- Visit the Shardeum webpage and click on “Connect Wallet.”
- Enter the friend’s referral code, and access the Atomium dashboard by connecting your wallet. You can connect any wallet, but I prefer Metamask. If you are unable to connect, please refresh and connect again.
- Now you will reach the Atomium dashboard. You can see the points you got while signing up via referral.
- If the points are not reflected, visit the referral section and enter the friend’s referral code manually.
- Now, create your referral code, and start inviting your friends for more points.
How to Claim SHM From Testnet?
To claim rewards you have to get the faucet and transfer some Test SHM first. After that, complete all the tasks to get rewards. Here are the complete steps:
- Click “Get Shardeum (or Get SHM)” in the top right corner of the dashboard.
- You will be directed to the docs page with a link named “Invitation to Discord Server.”
- Click the link and visit their official Discord server.
- Join the Discord and comment “/faucet”, you will get a space to type your address.
- Copy the address from your wallet and post the comment.
- You will get 8 Shard SHM coins instantly as a test.
How to Claim Rewards From Testnet Tasks?
After claiming the SHM, visit back the dashboard. You can see the quests there. The quests are divided into 4 stages. The first stage consists of 4 levels. Here we will discuss the first stage briefly:
- Level 1: Refer your friend. We have talked about this already.
- Level 2: Follow Shardeum’s Social Media Handles.
- First, follow their official Twitter account. Retweet their announcement tweet, and paste the link to verify.
- Follow Discord server. We have done it already while claiming SHM.
- Join their Telegram group
- Subscribe to Shardeum’s newsletter
- Visit Atomium’s Twitter handle and retweet the pinned tweet.
- You will be rewarded with 100 XP for each task.
- Level 3: Learn about Shardeum.
- Read the Shardeum whitepaper. You can find the link to the whitepaper in the dashboard.
- Watch the “Shardeum Basics” YouTube playlist.
- Enroll and complete the Shardeum 101 course. Don’t get upset. It isn’t difficult at all.
- Read Shardeum Innovation Blogs.
- Visit their FAQ page.
- Level 4: Voting
- Click a link they have given. Follow the instructions and submit your vote. Make sure to submit all the available votes. Remember to submit at least 1 vote per day.
- After voting, return to the dashboard and click on verify to complete the activity, and to get rewards.
That’s all about Stage 1 Tasks. After completing the first stage, the next stages will be unlocked. Good luck.
Is Shardeum Airdrop Trustable?
Yes, it is. Shardeum’s project is supported by some of the major crypto ventures. You can just visit their “About Us” section to verify it yourself.
Conclusion
After reading their white paper, I feel Shardeum will be an imminent project. It is still in the embryonic stage, but we expect it to grow soon. Go and participate in their testnet and get the most out of it.
It is a testnet, issues may be there. Feel free to report the issues to Shardeum’s engineering team, and increase your chance to get more rewards.
Read more: How To Claim Spunky Airdrop, Eligibility And Launch Date