Layer1 Blockchain Shardeum Launches SHM Token Economics Dashboard: What You Need to Know

04/20/2023 02:17 • Tech Trends • 79 views

On April 20th, it was announced that Layer1 blockchain Shardeum, founded by WasirX co founder and CEO Nischal Shetty, has launched the SHM token economics dashboard. Users can now simulate running main network node rewards by changing parameters such as transaction fees, node rewards, and APY.

Shardeum launched the SHM token economics dashboard, allowing users to simulate running main network nodes for rewards

Cryptocurrencies and blockchain continue to evolve at a rapid pace, and today we have an exciting update to share with you. On April 20th, the Layer1 blockchain Shardeum, founded by WasirX co-founder and CEO Nischal Shetty, announced the launch of the SHM token economics dashboard. Users can now simulate running main network node rewards by changing parameters such as transaction fees, node rewards, and APY.

What is Shardeum?

Before jumping into the SHM token economics dashboard, it’s worth taking a moment to explain what Shardeum is. Shardeum is a blockchain protocol that provides seamless interoperability between different cryptocurrencies and decentralized apps. The team behind Shardeum aims to create a decentralized internet that can outperform existing centralized systems, all while prioritizing security and transparency.

What is the SHM token economics dashboard?

The SHM token economics dashboard is a new tool that Shardeum users can take advantage of to better understand and simulate running main network node rewards. This dashboard allows users to change important parameters such as transaction fees, node rewards, and APY, giving them more control over their Shardeum experience.

How does the SHM token economics dashboard work?

When a user logs into their Shardeum account, they can navigate to the SHM token economics dashboard. There, they can experiment with different transaction fees, node rewards, and APY values to see how they might affect their earnings. This dashboard also provides users with detailed analytics and reports, so they can track their progress over time.

What are the benefits of the SHM token economics dashboard?

The SHM token economics dashboard provides users with a number of benefits. First and foremost, it gives them more control over their Shardeum experience by allowing them to customize different parameters. This can lead to greater profitability and a more streamlined user experience. Additionally, the dashboard provides users with detailed analytics and reports, which can help them make better-informed decisions about how to engage with the Shardeum network.

Why is the launch of the SHM token economics dashboard significant?

The launch of the SHM token economics dashboard is significant for a few different reasons. First and foremost, it represents a major step forward for the Shardeum network as a whole. By giving users more control over their experience and providing detailed analytics, Shardeum is making it easier than ever for people to engage with their platform. Additionally, the launch of the dashboard is a testament to the ongoing innovation taking place in the cryptocurrency and blockchain space.

Conclusion

All in all, the launch of the SHM token economics dashboard is an exciting development for Shardeum users and the larger cryptocurrency community as a whole. By providing users with more control and better analytics, Shardeum is helping to make the decentralized internet a reality. We can’t wait to see what the team behind Shardeum comes up with next.

FAQs

1. What is Shardeum?
Shardeum is a blockchain protocol that provides seamless interoperability between different cryptocurrencies and decentralized apps.
2. What is the SHM token economics dashboard?
The SHM token economics dashboard is a new tool that Shardeum users can take advantage of to better understand and simulate running main network node rewards.
3. Why is the launch of the SHM token economics dashboard significant?
The launch of the SHM token economics dashboard is significant because it represents a major step forward for the Shardeum network and the larger cryptocurrency and blockchain space.

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