Thread by @CharlieXDeFi

1/20 Introducing @shimmernet: The Ultimate Scalable Multi-chain Network ⚡ 🌐 $SMR $IOTA

2/20 Shimmer: Is it L1? Yes and no.

But let's not get hung up on technicalities. Shimmer belongs in this thread series because of its huge potential for growth. I'm sure some of you may disagree, but let's dive in and see what we can uncover. 💪

3/20 #Shimmer is designed as a multi-chain network focused on scalability, flexibility, and interoperability. Its goal is to enable the creation, connection, and security of sovereign blockchains, applications, and ecosystems.

4/20 🌐 The upcoming release of #ShimmerEVM is intended to transform Shimmer into a scalable, composable, and interoperable multi-chain network. This development could mark a significant milestone in the DLT space.

5/20 Shimmer seeks to become a universal bridge for all transfers and cross-chain transactions, offering feeless and potentially limitless options for transfer and trade, and possibly reducing the need for L2 bridges.

6/20 🧪 Shimmer serves as the staging network for #IOTA, testing developments with real value at stake.

Release candidates that perform well on Shimmer could potentially be ported to the IOTA mainnet, adding an extra layer of reliability and security.

7/20 ⚽️ #Shimmer acts as a training ground for #IOTA, where new plays are tested. Successful tactics on Shimmer are then incorporated into IOTA mainnet, enhancing performance and stability.

I hope it's now a bit more understandable in football terms.

8/20 Let's jump to another great #Shimmer feature - tokenization!

Tokenization on Shimmer allows for the minting and management of native tokens and #NFTs with zero fees. This feature could potentially open doors for various use cases - incl. creators, artists & entrepreneurs.

9/20 / 🪙 Tokenization on Shimmer allows for the minting and management of native tokens and #NFTs with ZERO fees (!).

This feature could potentially open doors for various use cases.

10/20 Shimmer's native token is called $SMR.

11/20 Prior to the Shimmer network launch, IOTA token holders were rewarded with $SMR during a staking event.

Max supply: 1.81B
Total supply: 1.45B