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HYPE $56.99 +1.61%
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Layer1 project Shardeum announced the token SHM economic model: 51% as node rewards, 49% allocated to the foundation and ecosystem

2023-04-20 16:29:01

ChainCatcher message, according to the Layer1 project Shardeum's announcement of the SHM token economic model, the total supply is approximately 508 million. 49% of its tokens will be allocated to the foundation, ecosystem, team, and sales accounts, while the remaining 51% will be used as node rewards.

At the launch of the mainnet, the foundation will receive 11% of the total supply of 508 million tokens, and the ecosystem will receive 5%.

Three months after the mainnet launch, the tokens for the team and sales accounts will begin to be released in phases, accounting for 15% and 18% of the total token supply, respectively. (Source link)

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