Shardeum Airdrop Review 2023: Good Or Bad Airdrop Read Our Review

What Is Crypto Airdrop?

A crypto airdrop is a marketing or distribution technique used by cryptocurrency projects to give away free tokens or coins to a certain group of users or potential users who already have cryptocurrencies. In essence, it entails dispersing a predefined number of digital goods to a certain audience, frequently as a marketing or community-building strategy.

Airdrops can be used to promote new cryptocurrencies, reward devoted users, or encourage holders to take part in a project’s ecosystem, among other things. These distributions can be carried out in a variety of ways, such as social media campaigns, participation in particular events, or taking screenshots of blockchain wallets.

Cryptocurrency airdrops give people the opportunity to obtain valuable digital assets for free, but they also come with hazards, such as the possibility of fraud or a decrease in the value of the cryptocurrency. As a result, participants should use caution and do their research before taking part in such events.

What Is Shardeum Airdrop?

Shardeum Airdrop is an EVM based L1 that uses dynamic state sharding to achieve linearly scalability while attaining atomic composability across shards. This means Shardeum can increase its TPS capacity with each validator added to the network to retain low fees forever. Shardeum provides the highest throughput capacity of any EVM based L1 without sacrificing on decentralization. Developers can deploy and interact with Solidity or Vyper contracts without special considerations for sharding, since contracts are deployed to unique shards automatically while retaining atomic composability across all shards.

Shardeum Airdrop has raised a total of $23.6M in funding from various investors and has confirmed to launch their own token called “SHM”. Early users who’ve done testnet transactions on the platform may get an airdrop once they launch their token.

Basic Shardeum Airdrop Points

How To Claim Shardeum Airdrop Step-by-Step Guide:

1. Visit the Shardeum website.
2. Click on “Claim testnet SHM”.
3. Add the Shardeum network to Metamask from here.
4. Now visit the faucet page and request testnet SHM.
5. You will get 100 SHM testnet coins.
6. Now try out the dApps built on Shardeum like SharDex, Swapped Finance and ShardeumSwap.
7. Get a domain name from dApp like DotShm.
8. Check out the complete dApps of Shardeum from their ecosystem here.
9. Also, try to set up a validator node. Users who run a validator node have the highest chance to receive an airdrop like how we’ve seen it with the Aptos airdrop. For more info on setting up a validator node, see this page.
10. They’ve confirmed to launch their own token called “SHM”.
11. Please note that there is no guarantee that they will do an airdrop. It’s only speculation.

How To Check Shardeum Airdrop Is Real Or Fake

Checking the legitimacy of a crypto airdrop can be a bit tricky, as scammers often use sophisticated techniques to create fraudulent airdrop campaigns that appear to be legitimate. Here are some steps you can take to verify the authenticity of a crypto airdrop:

1. Research the Project: Start by learning more about the Shardeum initiative. Look for a whitepaper, official website, and details on the project’s personnel. Check to see if the project is authentic, has a distinct goal, and is supported by a reliable crew.
2. Social Media and Online Presence: Search for official social media profiles on platforms including Twitter, Facebook, LinkedIn, and Telegram. Active and verified social media profiles are frequently kept up by legitimate projects. Look for community engagement, blogs, and updates.
3. Community and Forums: Check out the community and forums for cryptocurrencies, such as Reddit, BitcoinTalk, or specific forums for the project. Check to see whether the Shardeum project is the subject of any discussions, evaluations, or announcements. Community opinion can offer insightful information.
4. Contacting the group: Consider getting in touch with the project team if you can find their contact information and share your queries and worries. Inquire about the authenticity of the airdrop. Projects that are legitimate ought to be open and accommodating.
5. Phishing Caution: Be wary of phishing attempts. Scammers frequently build phony social media identities and websites that look like authentic initiatives. Verify the spelling of the URLs on websites by checking them twice. Never divulge sensitive information or secret keys.
6. In summary, it’s important to conduct thorough research, verify the source and instructions, look for feedback from other users, and trust your instincts when evaluating the legitimacy of a crypto airdrop. By taking these steps, you can minimize the risk of falling for a fraudulent airdrop and protect your assets and personal information.

What are the risks of participating in an airdrop?

Potential participants should be aware of the potential hazards associated with taking part in an airdrop, in which free bitcoin or tokens are issued to owners of a particular blockchain or cryptocurrency. First, there is the chance of fraud and frauds.

Some airdrops can be deceptively veiled plans to steal your private keys or personal information. The cryptocurrency market is riddled with fraudulent projects and phishing attempts. Participants should take precautions and make sure the source of the airdrop is reliable.

Shardeum Airdrop Roadmap

Shardeum Airdrop Pros Or Cons

Pros of participating in an airdrop:

1. Linear Scalability: Shardeum achieves linear scalability through the use of dynamic state sharding. As a result, the network’s ability to execute transactions grows proportionally as additional validators join it. This may result in faster confirmation times and higher transaction throughput.
2. Atomic Composability Across Shards: Shardeum makes sure that all of its shards are atomically composable. Developers may now interact with contracts across several shards as if they were on the same network, which is a big advantage. The possibilities for decentralized apps are increased by this seamless composability, which also improves the user experience.
3. Low Transaction Fees: Shardeum strives to maintain transaction fees as low as possible by adding validators to boost its capacity for processing transactions. Users and developers who want to avoid the high gas prices frequently associated with some other blockchain networks will find this interesting.

Cons of participating in an airdrop:

1. Unproven History: Shardeum has raised money and set lofty objectives, but it has not yet undergone significant testing in a real-world setting. It remains to be seen whether the platform will be successful and whether it can live up to its promises.
2. Competition: There are many projects vying for users’ and developers’ attention in the blockchain and smart contract field, which is extremely competitive. Other Layer 1 alternatives, including as established networks like Ethereum and new solutions with comparable scalability and composability goals, compete with Shardeum.
3. Token Risks: Risks linked with the “SHM” token’s introduction include those related to tokenomics, market adoption, and price volatility. Users and investors should use caution and do their research.

Shardeum Airdrop Final Verdicts

Finally, Shardeum is an important development in the field of blockchain technology. It has successfully solved the scalability issue that has long plagued blockchain networks by implementing dynamic state sharding on its Ethereum Virtual Machine (EVM)-based Layer 1. With the help of this invention, Shardeum is able to achieve linear scalability, which means that when additional validators join the network, its capacity to process transactions grows proportionally. when a result, low transaction costs may be sustained indefinitely.

FAQ