ShardingDAO (SHD) is an NFT decomposition synthesis protocol based on Ethereum and Binance Smart Chain. Users can securitize and fragment their NFT into ERC20 Tokens. And then, the shards will flow to the market for trade and mining. Suppose you, as the owner of a shard, want to obtain full ownership of the original NFT. In that case, you can propose a buyout and then officially obtain the ownership through decentralized governance voting. After that, all the shards will be destroyed, making you the sole owner of that NFT. What is ShardingDAO (SHD) | What is ShardingDAO token | What is SHD token
In this article, we'll discuss information about the ShardingDAO project and SHD token
ShardingDAO is an NFT decomposition synthesis protocol based on Ethereum and Binance Smart Chain.
Users can securitize and fragment their NFT into ERC20 Tokens. And then, the shards will flow to the market for trade and mining.
Suppose you, as the owner of a shard, want to obtain full ownership of the original NFT. In that case, you can propose a buyout and then officially obtain the ownership through decentralized governance voting. After that, all the shards will be destroyed, making you the sole owner of that NFT.
ShardingDAO's launch is divided into 3 stages:
Referral Function Launch
For more details, Please refer to Referral mechanism
Mining Phase 1: Mining with cryptos
We will be distributing 1,500,000 SHD in total (80% for mining users and 20% for developerDAO) from 11 am on March 23nd, 2021 (SGT) to April 12th, 2021 (SGT).
You can stake or collect at any time. But the rewards can only be harvested in the last 7 days and after.
Each token has an upper limit on collateral. If a user’s collateral is equal to or exceeds the upper limit, then it will deduct a fee of 20% of the profit from mining, and the fee will go into the Marketing Fund for promotional purposes.
If the vaults is used for mining, ShardingDAO will deduct a fee of 20%, which will go into the Marketing Fund for promotional purposes.
Exclusive Airdrop: How’s the 800 addresses selected?
As an upcoming NFT fragmentation protocol and a marketplace for the shards, Sharding DAO has picked the 600 most active addresses in trading volume, primarily on Niftgatewaym, Rarible, Openseas, Superrare, with the rest of the top 200 address on Snapshot that has the most votes will each receive 500SHD.
Exclusive Airdrop: Timeline
Fragmentation Function Release
Mining Phase 2: Mining with LP Tokens
For more details, Please refer to $SHD Distribution Mechanism of Mining
As ShardingDAO's governance token, $SHD will be distributed as below:
Liquidity Mining (56%): distributed to the public through liquidity mining.
Marketing & Airdrop (13.33%): reserved for Marketing and Airdrop to incentivize users.
Investors (13.33%): reserved for future investors.
Developer DAO (17.34%): reserved for developers, released along with protocol liquidity mining.
Mining: 16,800,000 - 56%
Marketing Mining & AirDrop: 4,000,000 - 13.33%
Investors: 4,000,000 - 13.33%
Developer DAO: 5,200,000 - 17.34%
Total: 30,000,000 - 100%
Step 1: Click "Ethereum Mainnet" on the top.
Step 2: Select "Custom RPC" .
Step 3: Custom RPC network setting:
Binance Smart Chain // you can set a name you like
Here is an example：
Then click "Save".
Step 4: Switch wallet network
Once you finish all the settings above, you need to switch your wallet to BSC mainnet when using any DeFi product or Dapp on BSC chain:
Click "Ethereum Mainnet" on the top of the wallet page, and select the RPC network you have just set.
SHD is now live on the Ethereum mainnet and Binance mainnet The token address for SHD is 0x5845cd0205b5d43af695412a79cf7c1aeddb060f. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH and BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don't have a Metamask wallet, read this article and follow the steps
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy SHD token
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once SHD gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com ☞ https://www.bittrex.com ☞ https://www.poloniex.com ☞ https://www.bitfinex.com ☞ https://www.huobi.com ☞ https://www.mxc.ai ☞ https://www.probit.com ☞ https://www.gate.io ☞ https://www.coinbase.com
Find more information SHD
🔺DISCLAIMER: The Information in the post is my OPINION and not financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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