What Is Shard (SHARD)?
Shard is an open-source DeFi (decentralized finance) project based on Ethereum (ETH) and the Binance Smart Chain (BSC). Shard aims to enhance digital asset accessibility, decentralization, and interoperability (the ability of blockchains to exchange data), while allowing everyone to benefit from blockchain technology. Shard is at the core of an ecosystem of interconnected platforms and protocols that provide its users with various utilities and benefits. Shard’s blockchain project seeks to make blockchain adoption easier.
Various platforms and projects are a part of Shard’s ecosystem, like Infinity Crypto, Infinity Wallet, and Infinity Protocol. Infinity is an exchange platform where users can trade, monitor, and manage their assets while earning passively through liquidity pools. Infinity wallet is a crypto wallet for users to benefit from features like managing all their tokens in one wallet. The wallet can be connected to any Dapp (decentralized application). Lastly, the Infinity Protocol provides DeFi services on the Binance Smart Chain. With this protocol, users can trade their tokens with Automated Market Maker (AMM) technology and stake their tokens.
Furthermore, as noted on the website, the native token of the platform is SHARD. SHARD has various uses, including:
SHARD holders, through voting, decide on Shard and the Infinity Protocols and several parts of Infinity Crypto and Infinity Wallet on a decentralized basis.
By burning SHARD, any token can apply to be merged into an Infinity platform. Following that, holders of Shards can vote on whether or not to accept the listing democratically.
SHARD holders are eligible for benefits like token airdrops from partners, cashback rewards, NFTs (non-fungible tokens), and development grants.
Users can stake their SHARD tokens to earn more tokens.
SHARD offers a feature that allows holders to pay the transaction fee for transferring SHARD on the ETH and BSC chains using Shard instead of ETH or BNB (Binance Coin).
History of Shard (SHARD)
As the roadmap states, the platform has achieved a few of its targets like enabled staking feature, enabled interoperability, integration of Infinity Wallet, etc.
SHARD has a total supply of 77,160,177 tokens.