We are happy to announce the listing of $SHDW Token. Starting on Thursday, 12th December, 2024 at 10 AM CET at 10 AM CET. LCX Exchange will support the $SHDW Token. Deposits will start on – Starting on Thursday, 12th December, 2024 at 10 AM CET. The trading pair $SHDW / EUR will be listed.
What is $SHDW?
$SHDW is the utility token that powers the Shadow dePIN ecosystem providing decentralized storage, compute, and network orchestration to its users. Users utilize $SHDW to pay for decentralized data storage, compute, and other utilities. Compute, storage, and bandwidth are brought to the Shadow network by Shadow Operators who stake SHDW to secure their nodes and earn revenue based on their contributions to the network.
Powering the Shadow ecosystem is DAGGER: a scalable and bandwidth-efficient L1/L2 hybrid powered by a custom consensus mechanism designed to orchestrate distributed systems, manage large amounts of data stored across decentralized networks, and more.
DAGGER networks can be deployed as public permissionless Layer2 networks across any Layer1 protocol or be deployed as private Layer1 protocols for private use. DAGGER’s implicit voting design reduces communication overhead, resulting in faster data retrieval and cost reduction for users compared to other decentralized systems.
Recommended Reads
How to Buy Shadow Token?
Experience the future of decentralized data storage with Shadow Drive, the cornerstone product of the Shadow Ecosystem. Designed to seamlessly integrate with applications and systems on the Solana blockchain and beyond, Shadow Drive prioritizes data security and integrity through its hierarchical model. Robust auditing and repair procedures ensure system resilience, making Shadow Drive the ideal choice for Web3 builders creating hosting services, CDNs, social media apps, and more.
Users can sign up for an LCX Account here
Start Trading $SHDW
Launch LCX ExchangeDeposits: Thursday, 12th December, 2024 at 10 AM CET
Pair Listing Details:
$SHDW /EUR starting on Thursday, 12th December, 2024 at 10 AM CET
How to deposit $SHDW?
- Go to LCX Accounts > Wallet
- Scroll down to $SHDW.
- Click on the “Deposit” tab next to $SHDW.
- Your deposit address will be displayed on the screen.
- Send $SHDW to this address.
Important Note:
Trading cryptocurrency is complex and comes with a high risk of losing money. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product.
