The Shimmy Utility Token, is a deflationary currency that decentralises the network, incentivises usership and brings utility and transparency. It is carefully designed to provide upwards price pressure as usership grows.
As is outlined below, a certain 70% of the total supply is distributed to the community. This community and stakeholder ownership emphasises our commitment to the network, and the open-source, transparent nature of the operation at full function.
A further breakdown of the Token information, including distribution, addresses and permissions will be made available in our documents page.
Only 390,000,000 SHM will be circulated upon launch. The locked Token Supply will remain in a Multisig, to be vested via the treasury at allotted timescales.