Shardeum To Launch SHM Token on May 5 After Setbacks

Shardeum, a layer 1 blockchain co-founded by WazirX’s Nischal Shetty, has officially picked May 5, 2025, for its token launch event. In a recent X post , the project confirmed that more information about the SHM token sale, exchange listings, and airdrop will be announced soon. This upcoming event is a big moment for the ecosystem. Shardeum is finally launching its native token, after facing several delays and internal issues over the past year. Shardeum Postpones Launch Date For Better Timing Earlier this month, Shardeum planned to go live on April 15. However, on April 10, the team announced a delay due to unfavorable market conditions. According to them, the blockchain is ready, but launching during a more stable period will help the project grow stronger. This delay gave the team more time to fine-tune its strategy and prepare the community for a smoother launch. Meanwhile, Shardeum has spent years building and testing its network. The team tested the network using Liberty, Sphinx, and Atomium testnets. These tests helped them check how the network works and how users interact with it. During testing, the network had over 171,000 validators and processed more than 81 million transactions, which shows that many people were interested in the project. Shardeum’s delay and strategy reflect a broader trend in the blockchain and crypto industry. Many blockchain projects wait for better market conditions before launching their tokens or mainnets. This helps them avoid weak demand, low prices, and poor investor confidence. In 2022 and 2023, several projects, like Aptos, Sui, and Celestia, delayed launches or token releases to better time the market. In 2024, Flowcarbon had to issue refunds to investors after a delayed GNT token launch, citing unfavorable market conditions. Shardeum Sees Major Leadership Changes Shardeum has had its fair share of problems. As reported by Economic Times, more than 12 team members, including key community and business team members, left the project last year. Despite these exits, the company says its leadership is stronger. The company recently hired Srinivasan Parthasarathy as the new Chief Technology Officer to help lead the project. What Will SHM be used for SHM is not just another crypto token. It will power the Shardeum network in many ways. Users will use it for governance, staking, and gas fees. In addition, all transaction fees will be burned to make the token more valuable. Shardeum is giving away free SHM tokens in a three-phase airdrop to reward early supporters. Over 3.6 million tokens will go to developers, community members, and validators in the first phase. People who joined earlier testnets and the mainnet launch will also get tokens in the next phases. The post Shardeum To Launch SHM Token on May 5 After Setbacks appeared first on TheCoinrise.com .

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