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AMA: $SHM Token Sale
Recorded: March 25, 2025 Duration: 0:35:15Space Recording
Short Summary
Shardium is conducting a token sale for its SHM token, focusing on liquidity and community involvement. The tokens are primarily used for staking, offering up to 50% APY. The network's mainnet is set to launch soon, following a successful test net with over 60 million transactions. The project has raised $32 million to date, indicating strong financial backing.
Full Transcription
I'm going to
Hey everyone, thanks for joining in. We'll just get started in a moment.
Hi Simon, welcome to today's spaces.
Hi guys.
We are just waiting for Shazard to join in and then we'll start.
Hello everyone, welcome to the AMS session with Team Shardium.
Today we are going to go over the SHM token sales structure and answer all your questions around it.
Let's welcome from Team Chardium, Shazard, our head of ecosystem, and Simon, our tokenomics lead.
Thank you both for joining in today.
Great to be here. Thank you.
Thank you very much for everybody who's listening in.
Welcome you all to this particular AMA and look forward to being able to answer some questions,
give you some insights on what's happening with Enchardium and some of our roadmap, as well as to see how we can get you actively involved in our node sale.
To begin the session, Sirat, could you please give us an overview of the token sale and tell our listeners about the eligibility criteria?
Absolutely. So we basically have an ongoing node sale which is being done through a platform called TokenSoft. The whole idea for us to do the token sale is to get liquidity in the hands of our supporters as well as our community. The pricing of the tokens is extremely important.
exciting and we definitely recommend you have a look at it and become a part of Team Shardium.
The tokens can be used for its primary use, which is using it for staking and validation on our network.
And if you look at on the website, you will realize that the pricing has been extremely attractive
just to make sure that our supporters and the community are able to access the tokens and become a part of the community.
Thanks for sharing that, Chazal. Also, for all of those who are new here, this is the final opportunity to acquire SHM before public trading begins and reap the benefits that come with it.
Could you also tell us if there are any regional limitations?
Well, this sale is right now not being offered within the US and certain parts of EU.
actually all of EU as of now, but it would be available at both the locations once we go,
you know, live over a period of time. So look out for the notifications when they come about.
There are certain countries which, because of the relationship around, are not allowed to participate,
but most of the other countries, such as part of Asia, APEC, they definitely can become a part of this North's area.
Thanks Shizad. Let's start the AMA with taking up questions that you all sent us over yesterday on Discord and on X.
Meanwhile, all of you here, if you have any doubts, please drop in your questions in the comments below.
We'll take them up as we go.
So the first question we have is here is, will there be a future round of token sales or is this a one-time opportunity?
Typically, a token sale happens right before the launch of the project in order to create liquidity and also ensure that people who have been validators and would like to validate.
the nodes on the network.
So this is a way of getting the tokens out to them
and make sure that they become a part of the community
from a short term and a long term basis.
So it's very unlikely that we will have a token sale in the future.
Even if it does, this particular valuation and the pricing
is extremely attractive.
And I would definitely would recommend people
to look at our website and become a part of this.
The next question we have here is, how many tokens are available for the token sale?
The limitation is basically based on individuals.
So you can buy up to $10,000 worth of tokens.
Again, you know, this opportunity is extremely lucrative from the price perspective.
So look at that and see how best you can, you know, become a part of it.
Also, Shazard, I love listeners about the two tiers that we have and the two purchase options that we get in each of those two tiers.
So basically we have two tiers.
The one is exclusively dedicated to our long-time supporters who have been part of our project over a long period of time.
And their particular offering ranges from 71 cents based on $500 and 66 cents based on $2,000.
The $2,000 gives them enough tokens to be able to stake on the network, which gives them about 3,018 tokens.
2,400 is the minimum requirement, and that gives them that plus and excess tokens as well.
That's the first tier.
We call that the early contributor tier.
The second tier is for the public in general, and that is being offered at a price of 90 cents for an in
for a purchase of $500 and $83 for a purchase of $2,000.
Again, at $83, you would get 2,418 tokens,
which are enough the requirement to be able to run the validation node on Shardium.
I would also like to tell our listeners that there's an early contributor form that is being circulated by Shardium.
And if you've been a contributor, please fill that form up and you will be included in the early contributor tier starting 28th of March.
The next question we have here is, is there any investing on the bonus SHM received during the token sale or are they unlocked at TGE?
No, the tokens are on unlocked at TGE because we definitely want our community to become a part of the validation.
And that makes it extremely exciting because there is a zero wasting on this particular thing.
Keep in mind that the quantities are limited and we basically invite the whole community to become a part of it and make sure that they...
you know, are able to validate the tokens.
Again, the rewards being offered for validation are extremely high.
I would recommend you look at it.
We go as high as 50% APY, and that is extremely, you know,
from an industry standard, very, very beneficial to the community.
Simon, would you like to add some things here on the API?
Well, as, hello everyone again, as Chazard said, you know, we are a new network and we want you guys to, you know, it's critical for us to be able to onboard security to have a diverse and, you know, active and what we call in tokenomics, you know, good actors in our system.
contributing to the long-term success of Chardium.
And as you'd expect for the leading L1,
we will be looking to
you know, incentivize via rewards, that security and participation as soon as we go live.
So whilst the final API is not decided, it will be, you know, as Chazar said, around about that level,
that's a good level to home in on at the moment.
Over the coming days and weeks, we'll be able to finalize with you, the API, which, as I said,
we hope you take advantage of to help us build security of Shardium for the long term.
Thanks, Simon.
So the next follow-up question we have here is, will S.HM.
will be tradable at TGE and which exchanges will support trading?
So we are looking at several exchanges at this point and we have some of them finalized,
but major press release to that effect will be coming up shortly.
What we definitely would like to tell you that there would be multiple exchanges where
Chardium would be listed and most of them fall on the top 20s.
So look forward to our announcements and we definitely would like to want you to become
a part of Chardium as soon as possible.
I want to add to it. Currently, we are not listed on any exchanges. Please don't fall trapped into the
malicious links that are circulating online. Please follow only our official channels for all the
information and updates. So the next question we have here is, when is the official listing? The much
That's the billion dollar question, right?
Well, we will be announced in that extremely soon.
But I can give you an indication that we're definitely
looking at April.
And we're looking at probably the middle of April,
somewhere on that.
An actual date would be announced very, very soon.
The final version of the network is being deployed today, which will become the main net.
So we are almost there.
Right now we are focusing on security.
We are focusing on ensuring that we are absolutely bug-free on day one
and to ensure that the network is very stable so that we are able to provide the services in the short and long term.
That's an exciting update to look forward to.
Yes, this has been a long time coming.
The people within the team and people out there in the community have been tremendously working hard for us.
So a big thank you to each one of you all who have been on the project.
You all have done so much within the community to ensure that, you know,
Shardium is known across.
And a big, big thank you to all of you.
So moving on from that excitement.
The next question, what will be the circulating supply after the token sale?
So if you look at the white paper, it will tell you that we have 249 million tokens available.
Obviously, all of them would not go live on day one.
Typically, we expect to see a liquidity of anywhere between 15 to 20 million tokens on day one.
That's the expectation.
Again, we want to ensure that the supply is adequate enough for people to be able to acquire
the tokens and be able to stake on the validators.
Thanks, Shazan.
I think we have a follow-up question here.
What is the fully diluted valuation at which we are buying the tokens?
So the fully diluted valuation would be based on, you know, with the market supply,
it's a multiple variant which comes about based on the market supply,
as well as, you know, the number of tokens, you know, being available in the market.
Simon, would you like to take this question?
Yeah, I can, yeah, sure.
So just in terms of...
that previous question as well.
I think, you know, we won't know the circulating supply is just as I said at all post-listing,
but if, you know, we were to approximate based on the accounts that would be unlocked,
the total circulated supply might be around $19.991 million.
In terms of, what was this question, sorry?
This question was FDV.
So yes, the current valuation at, as you all know, the price is $1.41 without the bonus amounts and discounts and so on.
So at 141, we're coming in at around 350 FDV.
So those, yeah, that's the answer to those two questions.
So some people also have concern around the price.
They are saying isn't $1.41 too high of a price for the launch?
So a huge correction there.
The price being offered is not 1.41.
In fact, we have just had that corrected on our website as well, just to clarify.
The way the sale was structured was we were.
The amount was $1.41.
However, with the tokens being offered, the effective price turned out to 90 cents or 83 cents from the public perspective, depending on how much they were buying.
or how much they were acquiring rather.
So based on that, we have adjusted that.
If you look at it now, it's a lot more clearer.
And you're able to see exactly what the valuation is on this particular offering.
Thanks, Pridharth.
So our next question is, why is Chardium conducting a token sale?
Hasn't the team already raised funds?
So this is one way of getting the liquidity onto the,
the larger community as such.
If you look at what we will raise on this particular sale, it's not very much, but what we want is a larger audience to be holding the tokens and be able to run the validator network.
This is more from that perspective, which is why the price of the tokens is extremely attractive just to make sure that everybody can get it.
This is definitely lower than what we have offered to our VCs and much lower than any of the rounds that we have had so far.
So, you know, I would definitely encourage each one of you all to look at this and get involved in one way or the other.
Also, this is really important for validators who want to run a node at day one of the main net.
So, apart from waiting and then purchasing through the dexes that we list on,
they would already have the staking amount and can start from day one itself, correct?
That is correct.
So this gives you two things.
One, it gives you at a price point,
which is much lower than, you know,
it would be offered through the day,
to the exchanges.
That's the first part of it.
And the second is, you know,
you have the ability of getting in on day one
from a validation standpoint.
some of our community members are also concerned that all the token sale amount that is being
unlocked on tg. So won't this lead to a price dump? No so we basically have you know
Simon who helps us with managing the tokenomics and what we have been looking at is not just the
perspective of
the token valuation but also ensuring that there is not in not much selling pressure on day one
that is something which we have to manage by ensuring the supply is adequate and that is what
you know we've been focusing on Simon would you like to elaborate here well of course you know um
There's things that can be modeled and controlled by any layer one blockchain,
and there's things that are outside of our control.
We try and incentivize those behaviors to add value to our chain,
to accrue to our blockchain.
I think in terms of if this individual was asking about specifically,
you know, the amount of tokens being unlocked,
what we...
When you conceptualize and create a permissionless system, a blockchain, at the very start,
there's a bunch of stakeholders that you have to try and understand, okay?
Try and model to help you, you know, build a blockchain for a long term.
One of those are investors.
Another key stakeholder is community.
And there's a bunch of others.
There's the team.
There's regulators, you know, numerous stakeholders.
Some of them are key and some of them not critical, but also you have to keep an eye on them.
We can't optimize for all of those stakeholders.
So we felt, our foundation felt, for a long time, that the community is the key stakeholder in many ways.
Okay?
So we...
We value, as Shazard said, the long-term participation of the early contributors, and they were rewarded with their jobs.
So if they decide to participate, either $500 or $2,000, they'll be rewarded to even greater extent.
And those tokens will be...
unlocked at day one. Now that has benefits for us, you know, it has to be beneficial for the whole
ecosystem for the blockchain. So we will have liquidity. Hopefully that liquidity will be used
to stake, but if those individuals wish to use their token for any other purpose, then that's
completely up to them. Of course,
There are probably other individuals who had preferred a different price or a different
vesting schedule for the community or whatnot.
But overall on balance, we feel this fair, we feel it's transparent and we look to try and
encourage use and adoption over the next, you know, the short, medium and long term.
We're not the primary goal, of course, for the foundation is not to control the price,
or affect the price in any way, direct way.
The aim of the foundation is to create a healthy ecosystem
that drives use cases and sustainability and long-term viability.
Yes, and I also would like to add on that,
that we currently concluded one of the most successful test nets as a layer one
with 60 million plus transactions.
So, yeah, we are pretty confident about our product, aren't we, Shazard?
Sorry, what was the question again?
My apologies.
It wasn't a question.
We were just saying we are pretty good.
I could take that one.
Apulva, you're right, you're right to double down on that.
Everyone here who's participated in the community up to this point.
I mean, we had, you know, I've been involved in other L-1s,
and the community participation for us for the last months and years has been off the chart.
So, yeah, thanks again.
Very much appreciated.
So do we have any other questions at this point from the audience here or anything, you know, we can address today?
I don't see any more questions that have been published right now, but we have.
So another question here is, I tried registering for the public sale, but my identity could not.
Purva, are you there? We lost you.
Am I audible now?
Yes.
Paul, you're coming in and out, but maybe on that last question, I think if you, someone registered, I think, I don't know the whole question, I'm afraid, whoever had this question, but that would potentially be something you'd reach out to Tokensoft directly to address, or if not, talk to one of the community mods.
Okay.
Yes, I believe we also have a link to address these.
I will drop it in the chat below.
So moving on, we have one question from the committee that has been dropped.
Are the token pools allocated for the two token events separately, or do they come from the same pool?
So we've...
We've allocated around 7 million guys, 7 million SHM, or 7,090,000, to be more precise.
And that is for both pools in asked your questions.
So whether you're purchasing as an early community member or as part of the public sale,
they'll both come from the same pool.
Thanks, Simon. I hope that answers your question.
Taitakshi. So the next one we have is how much has been raised so far and what portion is allocated to the community?
What payment methods are available?
So we have, we're looking at raising at least, you know, on this about a million plus dollars.
in terms of the community says the ask is not very high.
And we have, you know, based on that,
it's more of an open-ended thing as to what, you know,
the community can decide to get in with.
We are not going to restrict anybody who wants to acquire the tokens at this point.
We just want to make sure that this is broad-based
and we are able to reach any community member
who basically wants to be a part of the Shardium network.
So there is no restriction in terms of the quantity available at this point.
Overall, the project has raised about $32 million over the last two plus years.
And we are at a point where we are almost 99.9% ready to be able to launch the network in a very, very quick time.
That's great. A lot to look forward to in the upcoming month.
So the last question we have from the community is, why is the early tier receiving 350 SHM bonus
while the public sale offers only 200 SHM?
Well, I think, you know, it's basically what we've said previously. I think the community,
some of you have been involved for pretty much almost two years, test net, right? Not just
a centralized test net more recently.
So we've, of course, we've done an air drop very recently, and we want to reward those people who have been early contributors, early supporters of Chardium.
The way, in our opinion, to build a sustainable, permissionless...
network is to have early users who are aligned and as I said so-called good actors and we want
to incentivize those guys who have been around for a long time so it's not something we're
taking away from the public sale it's just something that we're adding to those early
contributors if you fit the criteria
then you get a little bit more SHM in terms of a bonus.
So it's nothing detrimental or negative, as I said about public sale.
It's just we really want to say thank you to those guys who were there from early on.
I hope that answers the question.
Thanks, Simon.
So we have one more question.
I have brought to Tokensoft.
Unfortunately, I didn't add my wallet.
I've just followed the steps.
and I have got a wallet address given by TokenSoft.
Now I am just concerned how to get access of the wallet.
I have the wallet address, just not sure where will I get the token.
Well, the first thing I'd say to everyone, we still got another three weeks of the sales, so don't worry or don't panic.
There's still time to resolve all these issues, I believe.
But I think in that case, that is one for the poor.
I think that's one for Tokersoft, right?
So if we could use that same process with this call, it might work.
So, Amit, if you have any more questions regarding this, I think you can reach out to the mods on our Discord server.
They will guide you through the process.
I think we don't have any more questions from the community that we could take up.
So, Shazad, Simon, do you have any closing statements that you would like to tell our speakers and...
tell them what to look out for in the most exciting month that is coming up and what our roadmap looks like.
I can take that shazars.
Yeah, so I think...
We're obviously in a critical time, right, for Chardium.
It's exciting.
It's always a little bit stressful, but mostly we're really looking forward to being able to deliver on, you know, some mega aspects of the roadmap.
Of course, the public sale is like one of the biggest.
We've got mainnet and just as I've said, we're looking to list on some really good top tier and well-known exchanges in the time comes.
So that's just in, you know, Q1 and Q2, right?
We still got the technical roadmap, which is available on the website.
So...
Carry on listening in.
The community team will post regular updates.
And, you know, again, thank you very much for your support up until this time.
We're looking forward to bringing Chardium to the people to the masters over 2025.
Thank you, even again, for being a part of the AMA today.
Any other questions you may have, feel free to, you know, reach out to us.
We're more than happy to answer whatever, you know,
thoughts or doubts or concerns you may have, we are here.
Looking forward to make the project extremely successful
and we cannot do it without your support.
I think that's extremely critical.
Thanks again for being a part of us, for
the period you all have been and being very patient with us as we come closer and closer to
remain at now it's the last and final uh i wouldn't even call it mile it's a few yards so let's
just make it happen and make it happen for all of us thanks again
