{"id":160973,"date":"2024-01-30T17:46:53","date_gmt":"2024-01-30T17:46:53","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=160973"},"modified":"2024-01-30T17:52:51","modified_gmt":"2024-01-30T17:52:51","slug":"shimmerevm-announces-1-million-airdrop","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/shimmerevm-announces-1-million-airdrop\/","title":{"rendered":"ShimmerEVM Ecosystem Announces $1 Million Airdrop Starting Tomorrow!"},"content":{"rendered":"<p><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TL;DR<\/span><\/span><\/p>\n<ul>\n<li><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">ShimmerEVM<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> announces a <\/span><span style=\"vertical-align: inherit\">$<\/span><strong><span style=\"vertical-align: inherit\">1 million <\/span><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Airdrop<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in collaboration with the community to drive <\/span><span style=\"vertical-align: inherit\">ecosystem <\/span><strong><span style=\"vertical-align: inherit\">growth<\/span><\/strong><span style=\"vertical-align: inherit\"> and <\/span><strong><span style=\"vertical-align: inherit\">liquidity.\n<p><\/span><\/strong><\/span><\/li>\n<li><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Tide,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> the integrated protocol, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">will reward<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> users who <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">contribute capital<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">dApps<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> on <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">ShimmerEVM,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> strengthening participation in the new <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><a href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\">DeFi<\/a> ecosystem.\n<p><\/span><\/span><\/strong><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The campaign not only encourages <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">individual participation,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">encourages <\/span><\/span><\/strong> <span style=\"vertical-align: inherit\"><strong><span style=\"vertical-align: inherit\">community <\/span><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">growth<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> with an <\/span><span style=\"vertical-align: inherit\">invitation <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">system<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> that awards <\/span><strong><span style=\"vertical-align: inherit\">5%<\/span><\/strong><span style=\"vertical-align: inherit\"> of the SMR token allocation for successfully referred friends.<\/span><\/span><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Tangle Ecosystem Association<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, through its <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Shimmer Growth Committee<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, has announced <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">exciting news<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> for the community: <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the <\/span><\/span><a href=\"https:\/\/blog.shimmer.network\/shimmer-liquidity-mining-airdrop\/?wu=1\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">launch<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> of a $1 million Airdrop on Shimmer.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This initiative, planned in collaboration with the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Shimmer community<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, has the main objective <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">of driving the growth of the ShimmerEVM ecosystem<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, especially with the recent launch of the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Shimmer Bridge, powered by Tangle DAO LLC.<\/span><\/span><\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\ude82 $1M <a href=\"https:\/\/twitter.com\/hashtag\/Airdrop?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Airdrop<\/a> Alert!\ud83e\ude82 Starting this January 31st, @ 3PM CET, participate in the <a href=\"https:\/\/twitter.com\/hashtag\/Shimmer?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Shimmer<\/a> Liquidity Mining Airdrop Injection by <a href=\"https:\/\/twitter.com\/TangleEcosystem?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@TangleEcosystem<\/a>! How? Use the <a href=\"https:\/\/twitter.com\/shimmerbridge?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@shimmerbridge<\/a> to bring liquidity into the <a href=\"https:\/\/twitter.com\/hashtag\/ShimmerEVM?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#ShimmerEVM<\/a> &amp; boost its ecosystem \u2728. All details here\u2026 <a href=\"https:\/\/t.co\/7uGiHg9hRm\" target=\"_blank\">pic.twitter.com\/7uGiHg9hRm<\/a><\/p>\n<p>&mdash; Shimmer (@shimmernet) <a href=\"https:\/\/twitter.com\/shimmernet\/status\/1752333969633210679?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">January 30, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Shimmer Growth Committee,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> comprised of community members and representatives of the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Tangle Ecosystem,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> has allocated <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">over 1.5% of the total Shimmer supply, valued at over $1 million, for this Airdrop.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">strategic incentive<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, which begins on <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">January 31, 2024, at 3:00 PM CET<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, is primarily intended <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">to attract new liquidity to ShimmerEVM,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> promoting community-driven development.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Tide protocol, a <\/span><\/span><\/strong><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Web3<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> platform <\/span><span style=\"vertical-align: inherit\">recently integrated with <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">ShimmerEVM,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> will play <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a crucial role in monitoring participants in the incentive program.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Using <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a tier and points system<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Tide<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> will closely monitor <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the amount of capital contributed in the form of assets wrapped in LayerZero such as TVL in dApps within ShimmerEVM.<\/span><\/span><\/strong><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Participants will receive rewards in SMR tokens based on their level and points accumulated in ShimmerEVM<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">To participate, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">users must register on the Tide campaign dashboard<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> with their Web3 wallet address and will automatically receive an <\/span><\/span><a href=\"https:\/\/crypto-economy.com\/nft-lending\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">NFT<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> for tracking purposes.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The Tide campaign participation and asset deposit window <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">begins on January 31, 2024, at 3:00 PM CET, and will remain open until February 14.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Those accounts that <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">reach the required TVL at the end of these 14 days will qualify to participate.<\/span><\/span><\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-160975\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/01\/shimmer-news.jpg\" alt=\"ShimmerEVM Ecosystem Announces $1 Million Airdrop Starting Tomorrow!\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/01\/shimmer-news.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/01\/shimmer-news-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/01\/shimmer-news-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Participants <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">must maintain their TVL in TVL-generating smart contracts for at least 30 days,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> with a <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">1% increase in total points<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> for each additional day <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">beyond the first 30 days.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Reward distribution<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> will <\/span><span style=\"vertical-align: inherit\">occur via the Tide campaign dashboard <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">after the 45-day tracking period,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> concluding <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">on March 16, 2024.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Additionally, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the campaign includes an invitation system<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, where participants <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">can invite friends to join the Airdrop and receive 5% of their friend&#8217;s SMR token allocation<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> if they successfully participate.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This approach not only <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">seeks to encourage individual participation,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">encourage community growth.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This initiative is not <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">just an incentive program<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, but a significant step <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">towards realizing the full potential of the ShimmerEVM ecosystem.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">It reflects the <\/span><span style=\"vertical-align: inherit\">Shimmer community&#8217;s <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">dedication to innovation, community involvement, and sustained growth.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Everyone is invited to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">join<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> and <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">contribute<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to building a more <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">connected and prosperous ecosystem.<\/span><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR ShimmerEVM announces a $1 million Airdrop in collaboration with the community to drive ecosystem growth and liquidity. Tide, the integrated protocol, will reward users who contribute capital to dApps on ShimmerEVM, strengthening participation in the new DeFi ecosystem. The campaign not only encourages individual participation, but also encourages community growth with an invitation system &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"ShimmerEVM Ecosystem Announces $1 Million Airdrop Starting Tomorrow!\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/shimmerevm-announces-1-million-airdrop\/#more-160973\" aria-label=\"More on ShimmerEVM Ecosystem Announces $1 Million Airdrop Starting Tomorrow!\">Read more<\/a><\/p>\n","protected":false},"author":33,"featured_media":160976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9883,84,74],"tags":[4583,4620,4656,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/160973"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=160973"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/160973\/revisions"}],"predecessor-version":[{"id":160979,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/160973\/revisions\/160979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/160976"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=160973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=160973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=160973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}