Thread by @CryptoGirlNova

1) In today's market it's difficult to select high quality cryptocurrencies.

Most fade away and as such we need to search for the best fundamentals.

A thread on $SMR and why you should take a look at this cryptocurrency.

Read on 🧵👇

@shimmernet @iota #Shimmer #IOTA $MIOTA

2) For the first time since the start of IOTA in 2015, a new token is introduced to the world called Shimmer (SMR).

Shimmer isn't just any other project. It serves as IOTA's staging network which is a pretty big deal.

3) Launched last year in 2021, the Shimmer Network is basically a Layer-1 innovation network that will push the growth of interoperable digital assets.

Alike IOTA, Shimmer is also a DAG-based parallelized settlement layer with a higher L2 anchoring capacity.

4) Shimmer serves as a testing environment for developments aimed toward the IOTA network.

SMR is its native token.

All transfers on and via Shimmer are feeless, and all chains linked to it can use it as a feeless bridge for all transactions.

5) The central area of the Shimmer Project is the Stardust module.

It allows the development of smart contracts along with the possibility of carrying out NFTs and other forms of tokenization.

6) After the launch of the Shimmer Network, the SMR token will provide financial incentives for using the network.

The launch happens tomorrow (28th of September).

7) Developers have an early mover advantage to build a new ecosystem of cutting-edge innovations and token economies on a feeless, bridgeless base layer.

Shimmer network is called the ultimate safe, feeless bridge for all transactions.

Transfer and trade without limits.

8) An early look towards the upcoming development on Shimmer is very promising.

This list is likely to grow larger as time moves on.

9) SMR token holders will be able to stake their assets and be able to earn staking rewards.

The IOTA blockchain’s official wallet, Firefly will allow users to claim their Shimmer staking rewards directly from the Firefly Shimmer application.

10) 100% of all Shimmer tokens were distributed to the community.

No VCs, no token lockups or hidden allocations.

IOTA stakers were eligible for the airdrop.

11) With Shimmer, the community no longer needs to wait for audited and completed product releases.

It has an entire ecosystem of applications available to it.

Shimmer marks the first of its kind as many protocols would benefit from a staging network.

@DomSchiener @navinram999

12) I for one am excited to see how the development and progress unfolds on both shimmer and IOTA 2.0

Nova out ❤️

13) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.

I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.

Your favorite writer Nova ✍️

14) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1574866255428943872?t=Rxu5y_oBVdryw5a7JSUa9A&s=19