The $1 million airdrop campaign was just started by Shimmer, IOTA’s staging network, to encourage the expansion and innovation of the ShimmerEVM ecosystem. The incentive, which went into effect on January 31, 2024, is designed to increase the amount of additional liquidity that enters and is used by linked ecosystems through the recently introduced Shimmer Bridge.
Scams do, however, provide a risk in addition to the thrill and opportunity that the airdrop offers. Because of this, the Shimmer team has alerted the IOTA community to the possibility that scammers and fraudsters would attempt to take advantage of the airdrop operation.
Shimmer alerts the IOTA community via Twitter that there is only one active Shimmer EVM IOTA airdrop programme, so be cautious of con artists. They ought to only click on official links as a safety measure.
https://x.com/shimmernet/status/1754524758882857081?s=20
Users should take further precautions by making sure they do not believe any unauthorised sources or channels that claim to be able to offer information or help with the airdrop, nor should they click on any dubious links.
They should also utilise a secure wallet that is compatible with the ShimmerEVM network and always verify addresses before completing any transaction.
Users should be aware that when the 45-day monitoring period ends at 3:00 p.m. CET on March 16, 2024, participants will be able to collect their prizes for the Shimmer airdrop via the Tide Campaign Board following a phase of validation, cross-checking, tracking, and results.
The distribution of rewards will take place over a period of six weeks after the scheduled initial release. The overall prize pool, which is equivalent to $1 million in SMR tokens, will be divided by the total points earned by all users throughout the monitoring period to determine the final award amounts.
As the first week of the $1 million ShimmerEVM airdrop approaches, Shimmer provides updates. According to DefiLlama statistics, there have been 700 qualified participants thus far: 3.44 million TVL for TVL Bridge inflow and 12 million TVL for Shimmer EVM. Additionally, the Shimmer bridge has been used to achieve 1000 tx/day.
