Shimmer Network

$SMR is the native token of the Shimmer network, the official incentivized staging network of the IOTA distributed ledger technology (DLT). $SMR serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Users of Shimmer use the $SMR token to launch new DeFi applications, DEXs, NFT, DAOs and other dApps. It is also used to reward participation by the community in the Shimmer network, in the form of freshly minted SMR tokens.

In order to accelerate the adoption of IOTA and validate its path to full decentralization, we are officially introducing Shimmer, an incentivized staging network with its own native token ($SMR). You can stake your IOTA tokens to get Shimmer tokens before the genesis launch. Join the Shimmer network to get early access to key innovations before they get released on the IOTA mainnet. Stake. Earn. Govern. Build.