To Change Chain or not to Change Chain

1- Shard as a native ETH token (The teams choice)

  • Shard will be the decentralized governance token for Platform X with unique benefits for Shard and will be used across the Shardax ecosystem for a wide range of use cases.
  • The new Shard supply would change from being distributed in staking rewards to stakers securing the blockchain as currently, to staking rewards distributed to liquidity providers on Platform X, other incentives and the governance treasury.
  • Decentralized security on the ETH chain for the base token, taking advantage of the existing rich infrastructure of supporting exchanges, wallets and bridges to ETH sidechains to expand to in the future.
  • Shard bridged from ETH to BSC to be used on Platform X and allow for lower fees for the swap distribution.
  • Would require ETH as gas to send it (or BNB when bridged to BSC).

2- Shard as a native BSC token

  • Shard will be the decentralized governance token for Platform X with unique benefits for Shard and will be used across the Shardax ecosystem for a wide range of use cases.
  • The new Shard supply would change from being distributed in staking rewards to stakers securing the blockchain as currently, to staking rewards distributed to liquidity providers on Platform X, other incentives and the governance treasury.
  • Shard bridged from BSC to ETH and other chains to be used on Platform X and allow for lower fees for the swap distribution.
  • Would require BNB as gas to send it (or ETH when bridged to ETH).
  • A limited infrastructure of supporting exchanges, wallets and bridges, making it harder to get listed on centralized exchanges and other services.

3- Remain its own blockchain

  • Shard usable for micro-payments with very low fees and used across the Shardax ecosystem, with a centralized bridge to ETH/BSC for trading on Platform X.
  • Would require another token to be made for decentralized governance of Platform X.
  • With staking rewards and the SCR split manually used to distribute staking rewards to liquidity providers on Platform X.

How will Platform X benefit Shard?

  • Shard burns and other deflationary methods from part of the platforms trading fees as well as future features that will burn Shard;
  • Used for governance and voting;
  • Shard distributed to those providing to the ecosystem, which at the start will be via liquidity staking and many other ways in the future;
  • Shard used to access future features and cashbacks;
  • Securely trade Shard against multiple pairs at less than a percent spread;
  • Large exposure to a wide range of new potential Shard holders;
  • The ability for Shard holders to earn a passive income by providing liquidity to an automated Shard pair pool, without needing to learn how to trade or manage market making software;
  • Multi-chain bridge allowing Shard to be used on the Ethereum and Binance Chains. This will provide Shard with many new options for exchange listings, platform integrations and thousands of potential new investors, bringing increased value and exposure to Shard as one of few multi-chain digital assets.
  • Shard will be used to validate coins, allowing tokens to pay in Shard to be reviewed and integrated as a whitelisted project. Due to being a fully decentralized platform, users can still trade and provide liquidity to non-whitelisted projects. However, whitelisted tokens will be reviewed and receive additional visibility and artwork to fit into a premium platform.

Planned tokenomics if Shard changes to be a token

  • Instead of Shard distributed via staking by securing the network it would be distributed to those providing value into the ecosystem, such as providing liquidity (especially to Shard pairs) and other methods in the future across the platforms, as well as ecosystem grants approved by the governance;
  • All current Shard would be swapped at a 1:1 ratio which is around 28 million Shard;
  • A % of Shard emissions like now will go to the dev fund to further enhance developments and growth of the ecosystem;
  • The hardcap will stay the same as now at 210 million;
  • Up to 2% mintable yearly for future governance and growth up to the 210 million cap. With burning from platform x and other Shardax platforms the supply could decrease over time;
  • Around 28 million allocated for swaps from the current supply at a 1:1 ratio;
  • 6 million made available during the first year for liquidity staking rewards and other incentives;
  • 66 million locked up and released over time for future staking rewards/incentives and governance treasury grants to be voted on;

Conclusion

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Shard is a secure and scalable decentralized digital currency and blockchain shaping the future of decentralized freedom globally. https://shardcoin.io/

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Shard Coin

Shard Coin

Shard is a secure and scalable decentralized digital currency and blockchain shaping the future of decentralized freedom globally. https://shardcoin.io/

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