Shadow Token SHDW

1. Summary

Ranks

Liquidity

90

Developer

-

Social

80

Momentum (beta)

4

Stack Rank™

-

Price

$0.46 +0.7%

Market Cap

$74.59M (#476)

Supply

160.99M / 169.06M

Tags

Solana Ecosystem Storage DePIN

More Metrics

Price
52W High price	$2.32
52W High date	28th Mar 2024 (3 months ago)
All Time High (ATH) Date	5th Jan 2022 (2 years ago)
ATH Price	$2.82
% From ATH	-82.02%
All Time Low (ATL) Date	16th Oct 2022 (1 year ago)
ATL Price	$0.01
% From ATL	3876.44%

Supply & Trading Volume
Trading Volume (24h)	$555,647.00
Total Supply	169.06M
Max Supply	169.06M
Circulating Supply	160.99M

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Description

GenesysGo Shadow Token

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GenesysGo Shadow Token

Shadow Token (SHDW) is the utility token powering the Shadow dePIN ecosystem, built by GenesysGo. It acts as the infrastructure for Remote Procedure Call (RPC) servers and validator nodes on the Solana network. These nodes work together to provide reliable and fast data storage and validation services to Solana developers. Using decentralized and distributed technology, Shadow Token ensures scalability and low latency through its network of high-performance RPC nodes.

RPC Network

The Shadow Network features a decentralized and censorship-resistant design, providing unlimited requests per second and unlimited data storage. This structure ensures the integrity of Solana's validator consensus through global DNS load balancing for minimal latency. The network consists of over 300 bare metal servers located across nine countries and three continents.

Validator Nodes

Validator nodes contribute to the data audit and validation processes through mathematical computations. They are essential for maintaining the integrity and security of the Solana network. GenesysGo, the developers of Shadow Token, emphasize the importance of transparent team leadership and encourages open communication through community outreach and publicly available information.

Tokenomics

Shadow Token has a maximum supply of 169,058,415.59 and is currently accessible on the Solana network. The tokenomics are designed to incentivize network participants by rewarding them with SHDW tokens for providing compute power and storage capacity to the network. This system ensures a sustainable infrastructure for the Solana ecosystem and supports the growth of decentralized applications.

Benefits for Developers

The Shadow Network provides essential infrastructure services for Solana developers, allowing them to focus on building scalable and secure applications without worrying about the underlying RPC and validation processes. By using Shadow Network's services, developers gain access to high-performance RPC nodes, reliable data storage, and a robust infrastructure, supporting the growth of the Solana ecosystem.

Community and Support

GenesysGo maintains a strong community presence through regular town hall meetings and engagement on platforms like Discord. The team prioritizes building a robust support system to ensure the smooth operation of the network. Overall, Shadow Token presents an important solution for the Solana ecosystem, enhancing its overall stability, scalability, and usability.

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