March 2022 Community Update!
-Testnet-
-Testnet is reset and readying for exisiting Hub and VPS node deployment. Final details on user guides are being done and will be made available when mining commences.
The team has focused on the multi chain contract upgrade, new Dex listings and associated liquidity reward programs as per the community’s feedback, so this has slightly pushed back commencement of mining.
Further details will be provided in future updates.
-Contract Upgrade-
- Huge milestone of multi chain contract upgrade imminent, new DEX’s and liquidity reward planning is in full motion!
*Our first cross chain token is on Binance Chain (BSC) with a DEX listing on PancakeSwap.
- PancakeSwap BNB-SS trading pair and the corresponding contract address details are being finalised and will be provided in another update soon.
◦ Tokens issued to BSC 35,871,297 [equivalent burnt on ETH network] *NOTE — there will always be zero dilution of circulating supply.
◦ Allocated mining reward pool 15,225,600 — First year liquidity reward pool of 4,992,000 (416,000 SS per month)
◦ Standard PancakeSwap trading fee rewards are added to the liquidity pool.
◦ Team has added just short of 2 million SS and over 10 BNB to PancakeSwap liquidity pool.
- Liquidity Rewards program on PancakeSwap:
◦ Earn up to 24% APR — 2% per month reward for liquidity provided on PancakeSwap. Not locked. Liquidity pulled before end of calendar month will not receive rewards for that month.
◦ Total month reward capped at 416,000 SS per month, if pool exceeds rewards available the total rewards pool is shared proportionately.
◦ Rewards paid in SS tokens monthly, manually by the project team.
◦ More detail provided in due course.
◦ Upon smooth BSC functionality the team will move onto deployment, listing and liquidity rewards on more chains.
- Cross Chain Swap Function-
- The R&D team are working on a cross chain bridge that will function similarly to PancakeSwap and Changelly. However, to speed things up they will temporarily transform the AirDrop function on the existing sharder.org official website as a cross-chain exchange function for convenience. We will share how to do this when it is actioned in a future update.
Keep Safe
Sharder Team
