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SHM Coin
The native coin on Shardeum is Shard and has SHM as its ticker symbol. SHM is the foundational monetary unit of Shardeum and serves a wide range of functions. Each SHM is divisible to 18 digits, similar to ETH on the Ethereum network. We will also refer to it as the SHM token, since a tokenized version of the coin is also used by smart contracts and to be consistent with common terminology.
SHM is a utility token with various uses, including staking, governance, reward token, gas token and transaction fee burning. All transaction fees on Shardeum are burned, allowing the network to remove the SHM from the circulating supply to ensure its scarcity by design and support its long-term value. This approach, among others, are integral to Shardeum’s deflationary economic model. You can read more about the SHM coin and tokenomics.
Published at
2024-02-04 14:09:02Event JSON
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"pubkey": "7489688c05bb72112dd82d54fdbf26bb5f03e1de48e97861d8fce294a2f16946",
"created_at": 1707055742,
"kind": 1,
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"content": " https://yakihonne.s3.ap-east-1.amazonaws.com/7489688c05bb72112dd82d54fdbf26bb5f03e1de48e97861d8fce294a2f16946/files/1707052919365-YAKIHONNES3.jpg \n\nSHM Coin\nThe native coin on Shardeum is Shard and has SHM as its ticker symbol. SHM is the foundational monetary unit of Shardeum and serves a wide range of functions. Each SHM is divisible to 18 digits, similar to ETH on the Ethereum network. We will also refer to it as the SHM token, since a tokenized version of the coin is also used by smart contracts and to be consistent with common terminology.\n\nSHM is a utility token with various uses, including staking, governance, reward token, gas token and transaction fee burning. All transaction fees on Shardeum are burned, allowing the network to remove the SHM from the circulating supply to ensure its scarcity by design and support its long-term value. This approach, among others, are integral to Shardeum’s deflationary economic model. You can read more about the SHM coin and tokenomics.",
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