Unlock Rewards Now: Dive into the Shimmer Liquidity Mining Campaign Airdrop!
Comprehensive Overview: Unveiling the Success of the Shimmer Liquidity Mining Initiative
Unprecedented Engagement and Reward Distribution Breakdown
In a significant advancement for the Tangle Ecosystem, the Association Growth Committee proudly completed its Shimmer Liquidity Mining campaign on March 16, after initiating on January 31. The campaign was designed to invigorate the ecosystem, attracting ample attention and engagement, particularly towards the Shimmer EVM framework. As a result of these efforts, an expansive community has been drawn to the ecosystem, significantly impacting various metrics of success and engagement within the platform. Notably, the campaign has been instrumental in:
- Elevating the total value locked (TVL) in the ecosystem by 31%, achieving a remarkable $13.08 million at its zenith.
- Tripling the inflow of value through the ShimmerBridge, showcasing a substantial increase to $4.53 million.
- Facilitating an impressive 81,006 transactions across the ShimmerBridge, with a record daily transaction count exceeding 8,000.
- Doubling the number of Shimmer EVM accounts to 17,200 from 9,200, indicating robust growth and interest.
- Registering the platform’s second-largest daily transaction volume, with a staggering count of over 70,000.
These milestones underscore the vibrant activity and robust interest in the Shimmer DeFi ecosystem, signaling a promising direction for future initiatives.
Strategic Allocation and Reward Fulfillment
A highly anticipated element of the campaign was the distribution of SMR token rewards to the participants who enriched the Shimmer ecosystem through their active involvement. A designated 1.5% of the total SMR supply, amounting to 27,204,307 SMR tokens, was set aside to acknowledge and reward the participants’ contributions.
On April 24, the first phase of rewards was meticulously executed, with 630 of the 830 qualified participants receiving their complete reward allocations. The focal top 200 participants entered a tiered distribution process, receiving one-sixth of their entitled rewards initially, with the balance scheduled for weekly distributions thereafter, culminating within five weeks. This strategic distribution underscores the committee’s commitment to reward and motivate community members for their contributions.
Moreover, the inaugural 70 participants to engage with the Tide campaign board today were pleasantly surprised with a voucher for a T-shirt from IotaShop.io, further enhancing the rewards experience. This gesture not only appreciates the community’s active participation but also fortifies the ecosystem’s connection with its members.
Looking Forward: Sustaining the Momentum
Reflecting on the campaign’s resounding success and the tangible growth and engagement within the ecosystem, the Tangle Ecosystem Association Growth Committee is poised to embark on forthcoming projects, including the eagerly awaited IOTA EVM. This momentum sets a promising trajectory for sustained growth and innovation within the Shimmer EVM and beyond.
The committee extends its heartfelt gratitude to all participants for their pivotal role in this initiative and encourages continued involvement and discourse within the IOTA official Discord channel. This collaborative spirit forms the cornerstone of our ecosystem’s continued evolution and success.
As we venture into future endeavors, the insights and achievements garnered from the Shimmer Liquidity Mining campaign will undoubtedly shape and propel our ecosystem toward new horizons of innovation and collective prosperity.
