Take part in our site's Proof of Keys Airdrop initiative
The Proof of Keys Airdrop is an exciting initiative by Shardeum, aimed at rewarding users for holding SHM tokens in self-custodial wallets. This program emphasizes the importance of self-custody and encourages users to maintain control over their assets.
Eligibility Criteria
To be eligible for the airdrop, users must have SHM tokens stored in a self-custodial wallet, such as MetaMask. Custodial or exchange wallets are not eligible for the airdrop. Eligibility details, including any additional requirements or registration processes, are usually outlined in official Shardeum announcements and tutorials.
Rewards Calculation
The rewards for the Proof of Keys Airdrop are calculated based on the lowest balance of SHM tokens held by a user over a 30-day period. For example, if a user's lowest balance during the qualifying period is 500 SHM, they may receive up to 50 SHM. If the lowest balance is 5,000 SHM, the user may receive up to 500 SHM, and if the lowest balance is 25,000 SHM, they may receive up to 2500 SHM.
Key Aspects of the Program
- Participation Rate: The program tracks the participation rate as a measure of holder conviction. As of recent updates, there has been significant participation, with substantial amounts of SHM tokens locked in self-custodial wallets.
- Airdrop Phases: The airdrop is structured in phases, with detailed information available on the Shardeum website regarding eligibility, token allocation, and deadlines.
- Self-Custody Emphasis: The program highlights the importance of self-custody, reinforcing Shardeum's focus on decentralization and user control over assets.
It's essential to note that the airdropped SHM tokens are provided as a community incentive and do not constitute an offer of securities or financial products. KYC verification may be required for wallets receiving SHM airdrop exceeding 1,000 USDC in value. Participation in the Proof of Keys Airdrop Program is voluntary and subject to eligibility and verification.
The distribution schedule for the airdrop will be communicated in an upcoming update. Distribution amounts are not guaranteed and are based on qualifying wallet activity and holding patterns.
In conclusion, the Proof of Keys Airdrop is a fantastic opportunity for SHM holders to be rewarded for their active participation and commitment to self-custody. By participating in this program, users can not only potentially receive rewards but also support the principles of decentralization and user control over assets that are core to blockchain technology.
Technology plays a crucial role in the Proof of Keys Airdrop, as SHM holders must use self-custodial wallets such as MetaMask to store their tokens and be eligible for rewards. The program also emphasizes the importance of self-custody in line with the principles of decentralization and user control over assets that are central to blockchain technology.
