Specifically, the airdrop campaign will be conducted by the Shardeum Foundation, the organization behind the development of the Shardeum blockchain. They have allocated 25,400,000 SHM tokens as rewards for users interacting with the network through three phases, with different distribution ratios:
Phase 1 (snapshot taken between 02/02/2022 - one day before the deployment of the Incentivized Testnet): 3,661,600 SHM tokens will be allocated to users who have supported the project early on.
Phase 2 (To be announced): 3,296,500 SHM tokens will be distributed to users participating in interactions on the Shardeum Incentivized Testnet.
Phase 3 (To be announced): Users meeting criteria on the Shardeum Mainnet will receive an allocation of 18,441,900 SHM tokens.
In Phase 1, the token rewards will be distributed among 35,281 (or 42,281) wallet addresses classified into four groups, including:
1. Off-chain contributors: Those who supported the project with logo design, website development, content creation, and contributed to project visibility on social media channels like Twitter/Discord.
2. On-chain contributors: Individuals involved in Shardeum network governance, engaged in transactions, tested various dapps, and participated in related activities.
3. Developers: Pioneers who deployed dapps on Shardeum Liberty/Sphinx and participated in the EthIndia hackathon.
4. Node Validators: The top 50 performing Node Validators based on specified criteria will be announced after the Incentivized Testnet launch and will receive 500 - 10,000 SHM. The remaining validator slots will be evaluated based on performance and selection criteria through a random vote to reach a final decision, with SHM token amounts ranging from 100-200.
