Mining Stage 1 Launched!

ShardingDAO
2 min readMar 22, 2021

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Mining Phase 1 has just gone live!

Distribution & Duration

We will be distributing 1,500,000 SHD in total from 11 am on April 6th, 2021 (Singapore Time) to April 27th, 2021 (Singapore Time).

General Rules

  • During this period, users with established referral relationships can mine with a range of cryptos. You can access the pools from here: https://app.shardingdao.com/farms-stage-one
  • With each referral relationship established, both sides become entitled to higher mining rewards. This means, for a referer, more referees always result in higher mining rewards. In the meanwhile, uninvited users will be automatically denied access to the Pools.
  • In the meanwhile, uninvited users will be automatically denied access. You can find a public referral link in our Discord group: https://discord.com/invite/Y4YsGzjhbH

Background: What is NFT?

NFT stands for non-fungible token. Unlike the well-known Bitcoin, which can be traded for another bitcoin, and you will have the same thing, NFT means that the token is unique and can not be replaced with something else. For example, a one-of-kind game card is non-fungible. If you traded it for a different card, you’d have something completely different.

Background: What is ShardingDAO?

ShardingDAO is an NFT fragementation protocol running on Ethereum, which deploys a state-of-the-art fragmentation method for NFTs so that people who historically don’t have access to a whole NFT can now collectively own and rule their belongings. ShardingDAO’s mission is to make great NFTs available to everyone by the marriage of its innovating blockchain technology and mankind-focused ethics.

To learn more about ShardingDAO fragmentation protocol and how it interacts with the rising DeFi ecosystem, please visit here https://shardingdao.medium.com/shardingdao-free-nft-liquidity-209815ba4648

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