Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
The two-week long incentive campaign, Treasures of Shimmer, will reward dApps and their users in $SMR tokens for testing on the ShimmerEVM test chain
Building on the success of the recently launched ShimmerEVM test chain, IOTA, the open, feeless, and highly scalable distributed ledger technology (DLT) for the digital economy, is proud to introduce the Treasures of Shimmer incentive campaign. This two-week long campaign run by the Tangle Ecosystem Association starts on May 3rd, 2023 at 3:00 PM CEST. It will offer $SMR 1,300,000 tokens in rewards to participating dApps and their users for battle-testing the EVM test chain.
With the official launch of ShimmerEVM just around the corner, the IOTA team is eager to fine-tune the test chain and ensure that it meets the highest standards of performance, reliability and safety. Therefore, it is calling to all developers looking to set their pioneering mark in this still young ecosystem and to deploy their dApps to the chain and battle-test it to the limits.
During this two-week long campaign, the public will have an unprecedented opportunity to trial the deployed dApps for $SMR token rewards by creating as much smart contract activity as possible. The more activity created using a dApps, the larger the $SMR token reward for the project and its users will be.
“ShimmerEVM is an important step forward in becoming a novel and lively DeFi ecosystem, but to build it as strong as possible, we need to first open it up to public testing. We are so excited to launch Treasures of Shimmer to see what the community has been cooking up,” says Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation. “It not only is the first opportunity for us to see how external projects will run on the EVM chain ahead of the full launch, but it also allows us to give back to our community through reward incentives.”
Participants wanting to get involved can register their projects and dApps here: https://airtable.com/shr6nWErtWtREU9k0
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.