Shardeum token launch to take place on May 5 after delays

Shardum, a layer 1 blockchain co-founded by the founder of Wazirx, Nischal Shetty, has planned his token generation event for May 5, 2025.

The project confirmed the launch date on an article on April 17 on X, noting that more details on its air registrations, the sale of tokens and the SHM lists will be shared soon. This marks a major advance for the project, which has seen its launch of Mainnet delayed several times from its original calendar.

Earlier this month, Shardum had announcement That it will be launched on April 15. Citing unfavorable market conditions, Shardum has delayed its planned launch in May in an update published on April 10. The team said that technology was ready, but a strategic delay would ensure a stronger start because market conditions were still unfavorable.

The upcoming launch of Shardeum follows a long development cycle which included several time tests, “Liberty”, “Sphinx” and the incentive “atomium”, which helped the platform to test scalability and community commitment. According to the team, the Shardum test broke records with more than 171,000 validators and more than 81 million transactions.

The project was faced with internal disorders despite its technical steps. More than a dozen employees, including key members of the community and sales teams, have left in the past year, as before reported by the economic time. However, the company says that its leadership is stronger than ever, citing the recent hiring of Srinivasan Parthasarathy as director of technology.

To reward the first supporters, Shardum also detailed a three -phase pub campaign. More than 3.6 million SHM tokens will be distributed to contributors in the roles of development, community and validator during the first phase. Participants of the Testnet and Mainnet launch campaigns will receive awards at subsequent stages.

The SHM token will be used for a number of network functions, including governance, stimulus and gas payments. To support his deflationist Model, shadeum will burn all transaction costs. The total offer is capped at 508 million MSH, with more than half allocated to the community.