NFT has become accessible for everyone
Easy to use
Owners split NFTs into shards, and purchasers
subscribe shards for fractional ownership.
Easy to earn
Shard holders effortlessly earn mining rewards by
providing liquidity to the shards in any AMM-enabled
DEX.
Inclusive, secure, and transparent
All the shard owners enjoy an NTF price appreciation
and receive dividends.
They also jointly govern the NFT through a DAO.
$SHD: A token for transparent governance
Issuance
30,000,000
Prepared for
Liquidity Mining, Marketing & Airdrop, Developer
DAO and Investors
Token Distribution:
As ShardingDAO's governance token, $SHD will be
distributed as below:
Liquidity Mining (56%): distributed to the public through liquidity
mining.
Marketing & Airdrop (13.33%): reserved for Marketing and Airdrop to incentivize
users.
Investors (13.33%): reserved for future investors.
Developer DAO (17.34%): reserved for developers, released along with
protocol liquidity mining.
FAQ
What is a shard?
A shard is an ERC20 token that represents fractional
ownership of an NFT asset. Shard owners can enjoy
the asset's price appreciation and collect
dividends.
What NFTs can be used to create shards?
Any ERC-721 or ERC-1155 NFT can be used to create
shards.
How does the fragmentation work?
Any NFT owner can submit an NFT onto the ShardingDAO
protocol, and the Protocol will fragment the NFT
into shards. After the NFT is fragmented, there will
be a Subscription Period while the original NFT
owner sets a Minimum Subscription Amount. During
this period, intended subscribers stake stable coins
or any other tokens to subscribe for shards. At the
end of the Subscription Period, the fragmentation
becomes complete as long as the final subscription
amount exceeds the Minimum Subscription Amount. And
then, 90% of the shards will be distributed to the
subscribers on a pro-rata basis, while the original
owner and the Protocol will each retain 5% of the
total shards issued.
What do you do with shards?
A shard owner can directly trade shards in
ShardingDAO's marketplace or hold them for dividends
and price appreciation if applicable. Also, a shard
owner can choose to add liquidity to any AMM-enabled
DEX to obtain liquidity provider tokens and then
pledge these LP tokens in ShardingDAO Farms to
receive $SHD liquidity mining rewards.
