Shardeum Listing Details: Launch Dates, Price Prediction, and How to Buy $SHM Token

Shardeum (SHM) listing is around the corner! Exciting news for cryptocurrency enthusiasts! SHM, a native cryptocurrency of an EVM-based Layer 1 blockchain designed for linear scalability, is officially launching on Bitget.

While the exact date is not yet confirmed, Shardeum (SHM)’s public sale is expected to take place sometime in Q1 2025. By then, users can trade SHM under the trading pair SHM/USDT. This marks a significant milestone for the SHM community and opens up new opportunities for traders worldwide.

What is Shardeum (SHM)?

Shardeum (SHM) is an EVM-based Layer 1 blockchain designed for linear scalability. This platform combines Dynamic State Sharding with a unique Proof-of-Quorum consensus mechanism to provide low gas fees forever while maintaining true decentralization and solid security. The project aims to onboard the next billion people onto crypto, with potential use cases ranging from DeFi to open source AI and games.

Key features

• Linear scalability: Shardeum (SHM) utilizes dynamic state sharding to achieve linear scalability, meaning the network can handle increasing transaction volumes without compromising performance or security.

• Low gas fees: The platform’s innovative sharding technology and consensus mechanism ensure consistently low gas fees, making it an attractive option for developers and users alike.

• EVM compatibility: Shardeum (SHM) is EVM-compatible, allowing developers to easily migrate existing Ethereum applications and build new ones using familiar tools and languages like Solidity.

With over 1.4 million community members and a rapidly growing ecosystem, Shardeum (SHM) stands out as a promising project in the crypto space.

Source: Shardeum

How Does SHM Work?

The operation of Shardeum (SHM) is based on its innovative Dynamic State Sharding technology. It allows the network to achieve linear scalability and maintain low gas fees even with increasing transaction volumes.

1. Dynamic State Sharding
   Shardeum (SHM) tackles scalability by dividing the blockchain into smaller units called shards. This enables parallel processing of transactions, leading to higher throughput and faster speeds. The "dynamic" aspect allows the network to automatically adjust the number of shards based on demand.

2. Proof-of-Quorum Consensus
   The project utilizes a novel mix of Proof-of-Stake (PoS) and Proof-of-Quorum (PoQ) consensus mechanisms. PoS allows users to stake SHM tokens to participate in validating transactions, while PoQ ensures efficient transaction validation within each shard.

3. Linear Scaling
   Shardeum (SHM) achieves linear scaling by adding more nodes to the network as demand increases. This approach ensures that transaction throughput (TPS) increases proportionally with the network's capacity, leading to consistently low gas fees and high speeds.

By integrating these core technologies, Shardeum (SHM) aims to become a leading platform for decentralized applications and a driving force in the evolution of the blockchain ecosystem.

Shardeum (SHM)’s Team, Vision, and Partnerships

The Team

Shardeum (SHM) was co-founded by Nischal Shetty, the founder of WazirX (India's largest crypto exchange), and Omar Syed, a blockchain architect who previously worked on projects at NASA, Yahoo, and Zynga. The team aims to establish Shardeum as a leading platform for scalable and accessible decentralized applications.

The Vision

The core of Shardeum (SHM) lies in its vision to deliver true decentralization and scalability for everyone. Shardeum aims to build a sustainable ecosystem that can handle the demands of various applications, from AAA gaming to enterprise-level deployments, without compromising security or decentralization.

Partnerships

Shardeum (SHM) has garnered significant support from the crypto community. In 2022, Shardeum raised $18.2 million from over 50 investors, including prominent names like Struck Crypto, Jane Street, and Big Brain Holdings.

The project also boasts a thriving ecosystem with over 150 partners, including validators, infrastructure providers, and dApp developers. This strong network of partnerships will be crucial for the growth and adoption of the Shardeum platform.

Use Cases of Shardeum (SHM)

SHM, as the native token of the Shardeum blockchain, serves a variety of crucial purposes within the ecosystem:

1. Transaction fees: SHM is used to pay for transaction fees on the Shardeum network, similar to how ETH is used on Ethereum. This ensures that users can interact with dApps and execute smart contracts.

2. Staking and validation: Users can stake SHM to participate in the network's Proof-of-Stake consensus mechanism. This way, they can contribute to network security and earn rewards for their participation.

3. Governance: SHM holders can also join the governance of the Shardeum network by proposing and voting on changes to the protocol. As a result, the platform’s community has a voice in its future development.

These applications highlight the practical value of SHM in facilitating network operations, securing the blockchain, and empowering the community to shape the future of the Shardeum ecosystem.

Roadmap of Shardeum (SHM)

The roadmap for Shardeum (SHM) outlines a clear path for growth and innovation, with key milestones planned for the coming quarters:

These milestones highlight Shardeum's commitment to building a robust and user-friendly platform that caters to the needs of both individuals and developers within the crypto space.

Shardeum (SHM) Listing Details

Here are the important details about the Shardeum (SHM) listing:

• Exchange: Bitget 

• Trading Pair: SHM/USDT

• Deposit Available: To be updated

• Trading Start: To be updated

• Withdrawal Available: To be updated

Don’t miss your chance to start trading Shardeum (SHM) on Bitget and be part of this groundbreaking journey.

* Please refer to the official announcement for the most accurate schedule.

 

Shardeum (SHM) Price Prediction: After Listing

The listing of Shardeum (SHM) on Bitget is anticipated to bring heightened trading activity and increased visibility. Market experts suggest that Shardeum (SHM) could achieve a price range of $0.50 to $1.00 shortly after the listing, driven by its strong fundamentals, including its innovative sharding technology, EVM compatibility, and focus on scalability.

Additionally, the project has garnered substantial community support and has a well-connected team, which could contribute to positive market sentiment. As always, market participants should conduct thorough research and stay informed about market trends.

How to Buy Shardeum (SHM) on Bitget Wallet? 

Trading Shardeum (SHM) is easy on Bitget. Follow these simple steps to get started:

Step 1: Create an Account

If you don't have an account, download the Bitget Wallet app. Sign up by providing the necessary information and verifying your identity.

Step 2: Deposit Funds

Once your account is set up, you need to deposit funds. You can do this by:

• Transferring Cryptocurrency: Send crypto from another wallet.

• Buying Crypto: Use a credit or debit card to purchase crypto directly on Bitget, ensuring you have enough funds for trading Shardeum (SHM).

Step 3: Find Shardeum (SHM)

In the Bitget Wallet interface, navigate to the market section. Use the search bar to find Shardeum (SHM). Click on the token to view its trading page.

Since this token has not been listed yet, please refer to the final contract address provided by the project team after the token is officially listed.

Step 4: Choose Your Trading Pair

Select the trading pair you wish to use, such as SHM/USDT. This will allow you to trade Shardeum (SHM) against USDT or another cryptocurrency.

Step 5: Place Your Order

Decide whether you want to place a market order (buy/sell at the current market price) or a limit order (set your own price). Enter the amount of Shardeum (SHM) you wish to buy or sell, then confirm your order.

Step 6: Monitor Your Trade

After placing your order, you can monitor its status in the “Open Orders” section. Once the order is executed, you can check your balance to see your newly acquired Shardeum (SHM).

Step 7: Withdraw Your Funds (Optional)

If you wish to transfer your Shardeum (SHM) or any other cryptocurrency to another wallet, navigate to the withdrawal section, enter your wallet address, and confirm the transaction.

Conclusion

The listing of Shardeum (SHM) on Bitget marks an exciting opportunity for investors and enthusiasts alike. With its innovative features and potential for growth, Shardeum (SHM) aims to make a significant impact in the cryptocurrency market. By participating in the launch and engaging with the community, users can benefit from various promotional activities, including airdrops and trading opportunities.

As Shardeum (SHM) continues to gain traction, staying informed about its developments and market performance will be crucial for maximizing your investment. 

Make sure to take advantage of the features offered by Bitget Wallet to enhance your trading experience and manage your assets efficiently. Happy trading!

 Download Bitget Wallet

Risk Disclosure

Please be aware that cryptocurrency trading involves high market risk. Bitget Wallet is not responsible for any trading losses incurred. Always perform your own research and trade responsibly.