IOTA to boost ShimmerEVM testing with 1.8M token airdrop
The two-week long incentive campaign, Treasures of Shimmer, will reward dApps and their users in $SMR tokens for testing on the ShimmerEVM test chain
BERLIN. May 2023 – Building on the success of the recently launched ShimmerEVM test chain, IOTA, the open, feeless, and highly scalable distributed ledger technology (DLT) for the digital economy, is proud to introduce the Treasures of Shimmer incentive campaign. This two-week long campaign run by the Tangle Ecosystem Association starts on May 3rd, 2023 at 3:00 PM CEST. It will offer $SMR 1,800,000 tokens in rewards to participating dApps and their users for battle-testing the EVM test chain.
With the official launch of ShimmerEVM just around the corner, the IOTA team is eager to fine-tune the test chain and ensure that it meets the highest standards of performance, reliability and safety. Therefore, it is calling to all developers looking to set their pioneering mark in this still young ecosystem and to deploy their dApps to the chain and battle-test it to the limits.
During this two-week long campaign, the public will have an unprecedented opportunity to trial the deployed dApps for $SMR token rewards by creating as much smart contract activity as possible. The more activity created using a dApps, the larger the $SMR token reward for the project and its users will be.
“ShimmerEVM is an important step forward in becoming a novel and lively DeFi ecosystem, but to build it as strong as possible, we need to first open it up to public testing. We are so excited to launch Treasures of Shimmer to see what the community has been cooking up,” says Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation. “It not only is the first opportunity for us to see how external projects will run on the EVM chain ahead of the full launch, but it also allows us to give back to our community through reward incentives.”
Participants wanting to get involved can register their projects and dApps here: https://airtable.com/shr6nWErtWtREU9k0
About IOTA
The IOTA Foundation is a global non-profit foundation that develops next-generation decentralized technologies for a new digital economy in a connected world. It redesigns the way people and devices connect to share information and value, removing middlemen. The Foundation collaborates with a global ecosystem and partners to research and develop technologies that deliver sustainable, real-world impact. Together, they are shaping a new digital economy, removing unnecessary friction and unlocking human potential.
About Tangle Ecosystem Association (“TEA”)
The Tangle Ecosystem Association (“TEA”) is an association established in Switzerland (reg. no. CHE-356.027.165) with its registered address at Industriestrasse 47, 6300 Zug, Switzerland.
About Shimmer
Shimmer is the official L1 staging and validation network of IOTA’s distributed ledger technology (DLT). It is a rapid innovation playground with short development cycles, allowing developers to build applications and use features that are not yet available on the IOTA mainnet.
Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains, and it provides the core building blocks for a scalable, modular multi-chain architecture.
Shimmer ensures interoperability and composability of L2 smart contract chains and is capable of connecting any type or flavor of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for minting and transfer of native assets without middlemen or crippling gas fees.
$SMR is the native token of the Shimmer network and serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Users of Shimmer use the $SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.
Leadership
