Quick Summary
- Shardeum is a new Ethereum-compatible blockchain focusing on scalability through Dynamic State Sharding and Proof of Quorum (PoQ).
- The Shardeum EVM Testnet Quests offer a chance to win from a 60 million $SHM token prize pool.
- Participants earn XP by completing on-chain and off-chain tasks, and through referrals.
- A performance leaderboard will reward the top participants and referrers with $SHM tokens.
- The Shardeum mainnet is slated to launch on October 30, 2025.
Shardeum’s Scalability Innovation
Shardeum is pioneering advancements in scalability for Ethereum-compatible blockchains. Utilizing the Shardus protocol, it implements an innovative architecture known as Dynamic State Sharding. This system is designed so that each new node added to the network directly contributes to a linear expansion of its overall throughput, storage capacity, and bandwidth.
This approach fundamentally differs from traditional block batching methods. Shardeum processes transactions individually using Proof of Quorum (PoQ) consensus. This mechanism enables near-instantaneous transaction finality, achieving confirmation times of less than a second. Furthermore, it facilitates atomic cross-shard composability, a crucial feature for complex decentralized applications.
💡 With features like autoscaling, gas fees that remain predictable, and a path towards virtually infinite scalability, Shardeum aims to be a Layer 1 solution where true decentralization and high performance can effectively coexist within the EVM ecosystem.
Shardeum EVM Testnet Quests Launched
The Shardeum EVM Testnet Quests are now active, presenting an opportunity for community engagement with a substantial prize pool of 60 million $SHM tokens. Participants can accumulate XP (Experience Points) by successfully completing a variety of tasks. These tasks are designed to be both on-chain, interacting directly with the Shardeum testnet, and off-chain, such as engaging on social media or providing feedback.
Additionally, the referral program is a key component of the quest. By inviting new users to participate and engage with the testnet, participants can further increase their XP and their potential rewards.
Performance Leaderboard and Rewards
A dedicated performance leaderboard has been established to recognize and reward the most active and successful participants. This leaderboard will showcase the top 1,000 participants based on their earned XP and the top 200 referrers who bring the most users into the ecosystem.
The top performers will receive tiered rewards, with successful participants eligible to earn up to 444,000 $SHM tokens each. It is important to note that these rewards will be distributed post-redenomination, where the conversion rate is 1 old SHM token equating to 240 new SHM tokens.
Shardeum Mainnet and Token Utility
The official launch of the Shardeum mainnet is scheduled for October 30, 2025, at 04:30 UTC. Upon mainnet launch, the $SHM token will be introduced as the native asset that underpins the Shardeum network’s economy. The utility of $SHM extends across several critical functions.
It will be used to power transactions, acting as the gas fee for all operations on the network. Furthermore, $SHM tokens will be instrumental in rewarding validators for their role in securing the network and facilitating transactions. Lastly, the token will enable governance, allowing $SHM holders to participate in decision-making processes regarding the future development and direction of the Shardeum network, thereby forming the economic foundation for its scalable and community-driven infrastructure.
Final Thoughts
The Shardeum EVM Testnet Quests present a significant opportunity for users to engage with a novel blockchain technology and potentially earn $SHM tokens. The quest structure encourages diverse participation through tasks and referrals, while the performance leaderboard highlights community engagement.