SHARD

SHARD

Shard
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  • Details
Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
900,000,00011,826,0982018-03-15-POS1
shardexplorer.com
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
20,701,066Scrypthttps://github.com/ShardcoinRehttps://shardcoin.io/COIN

Our vision for Shard is to create a secure and widely usable cryptocurrency which appeals to all users. To achieve this Shard must have low fees, scalability, decentralisation, community support, liquidity and diminished volatility. Through offering significant, easily calculable proof-of-stake rewards, we hope to attract many users to take part in maintaining the network. Providing greater scalability and decentralisation, while keeping transaction fees to a minimum. To both assist with the sustainability of these block rewards as well as liquidity and volatility is the Shard Community Reserve along with Shardax and it's multiple large scale projects. Importantly, at all times we respect and appreciate our communities opinions and support, and hope that it will only grow stronger over time. We aim to make digital assets more accessible to the average user and allow for wide scale adoption. Shardax will create unique projects featuring Shard, such as a crypto exchange which will allow users to trade, stake, review new coin offerings, manage their portfolio and much more. Universal wallet allowing users to hold all their coins in one place on their desktop or mobile, trade straight from their wallet and easily pay for services, goods and more on the go with a very simple and secure interface with a cold storage feature to be implemented. Along with the yet to be revealed Quantum Project. We are looking to revolutionise the cryptocurrency experience allowing users easy access and usability, bringing it to the mainstream for day to day life. Shard is designed to be a secure decentralised cryptocurrency, with fast low-cost transactions, increased liquidity and reduced volatility; through support of the Shard Community Reserve (SCR). The reserve is a collection of cryptocurrencies and tokens selected by our community driven team. As the community reserves grow Shard will have both increased liquidity and reduced volatility. Shard finds utility not only as a cryptocurrency but also as a utility coin in multiple Shardax projects such as a Digital Asset Exchange & Staking Pool, Universal Wallet and Quantum Project. Every quarter Shardax will be using 20% of their profits for liquidity, buying and burning Shard. This will decrease the existing supply so that coin holders can continuously stake without the worry of inflation, while also giving Shard holders added benefits when using Shard on these platforms. The Shard blockchain is based on the proof-of-stake consensus, giving holders the opportunity to stake their coins. This is a more energy efficient approach to validation of the transactions in the blockchain as opposed to proof-of-work. Staking does not require coins to be locked up in any way, and is fully automated while running the Shard wallet. Rewards are split 80-20 between the user and the Shard Community Reserve respectively. This will bolster the community reserves helping to tame market volatility. Users who do not wish to leave their wallet staking, but would still like to benefit from the staking rewards, will have the option to deposit their Shard on Shardax, or with other supported online staking platforms to be staked for you.

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