Shimmer Launches $1 Million Airdrop to Boost ShimmerEVM Ecosystem

Airdropping packages with parachutes

The Shimmer Growth Committee is incentivizing participation in the ShimmerEVM ecosystem with a massive airdrop of over $1 million worth of Shimmer tokens. Starting January 31st, users who bridge at least $1,000 in LayerZero wrapped assets and maintain that value for 30 days will be eligible for a share of the rewards. This initiative aims to attract fresh liquidity and accelerate the growth of the ShimmerEVM network.

Injecting Fresh Liquidity

The Shimmer Growth Committee has thrown open the doors to a $1 million airdrop, fueled by Shimmer tokens, aimed at igniting the ShimmerEVM ecosystem. This bold move, launching January 31st, 2024, seeks to inject fresh liquidity and propel the network forward, bridging the gap between the established Ethereum Virtual Machine (EVM) and the feeless Tangle technology from IOTA.

Participating in this golden opportunity requires bringing at least $1,000 worth of LayerZero wrapped assets onto ShimmerEVM and holding them for 30 days. This strategic move incentivises active community involvement and fosters long-term commitment to the ecosystem’s growth.

Registering for Airdrop

“This airdrop serves as a catalyst to inject fresh liquidity into ShimmerEVM,” declared a representative from the Shimmer Growth Committee. “We believe this initiative will attract developers, liquidity providers, and users, ultimately propelling the ecosystem forward.”

Registeration is at the  Tide campaign board , where users can connect their Web 3 wallets. The update stated:

“Final reward amounts will be calculated based on the total reward pool (1.5% of the SMR supply, equating to $1M in SMR tokens) divided by the total points generated by all users during the tracking period. Further details are available on the Tide campaign board.”

Laying the Groundwork for a Vibrant Ecosystem

But the significance goes beyond the eye-catching dollar figure. The airdrop targets several key objectives:

Liquidity Unleashed: By attracting new capital, the airdrop strengthens ShimmerEVM’s financial foundation, paving the way for future growth and stability.

Network Buzz: Incentivizing participation encourages users to explore the diverse functionalities of the ecosystem and interact with dApps, increasing overall network activity.

Community Spirit: Shared participation fosters a sense of community and collaboration, crucial for the long-term success of any decentralized network.

The ShimmerEVM airdrop marks a turning point for the network. By addressing the crucial factor of liquidity, it lays the groundwork for a vibrant ecosystem brimming with dApps, innovation, and users. Whether you’re a seasoned DeFi enthusiast or a curious newcomer, this airdrop presents an exciting opportunity to be part of a burgeoning ecosystem poised to revolutionize the blockchain landscape.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.