Shadow Token SHDW
1. Summary
- Price
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$0.29 +7.5%
- Market Cap
- $46.81M (#656)
- Supply
- 161.42M / 169.06M
- Tags
- Solana Ecosystem Storage DePIN
- Description
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GenesysGo Shadow Token
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.
Price | |
52W High price | $2.32 |
52W High date | 28th Mar 2024 (7 months ago) |
All Time High (ATH) Date | 5th Jan 2022 (2 years ago) |
ATH Price | $2.82 |
% From ATH | -88.26% |
All Time Low (ATL) Date | 16th Oct 2022 (2 years ago) |
ATL Price | $0.01 |
% From ATL | 2497.13% |
Supply & Trading Volume | |
Trading Volume (24h) | $1.18M |
Total Supply | 169.06M |
Max Supply | 169.06M |
Circulating Supply | 161.42M |
SHDW
How does Shadow Token's (SHDW) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-13.6%
SHDW
-17.2%
Similar Market Cap
60 Day Return
-4.2%
SHDW
-25.6%
Similar Market Cap
1 Year Return
329.0%
SHDW
83.7%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
Reddit Subscribers | |
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Active Reddit Users (past 24h) | |
Discord users | 733 |
Active Discord Users | 106 |
Telegram Users | 4,940 |
Twitter followers | 58,714 |
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docs.genesysgo.com/shadow/rpc-operators/4-join-the-shadow-rpc-network Official
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docs.genesysgo.com/shadow/shadow-cloud Official
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docs.genesysgo.com/shadow/rpc-operators/who-is-this-really-for Official
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docs.genesysgo.com/shadow/shadow-drive Official
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docs.genesysgo.com/shadow/rpc-subscribers/our-offerings Official
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shdw.genesysgo.com/using-shadow-drive/the-shadow-drive-platform/shadow-drive-cli Official
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shdw.genesysgo.com/using-shadow-drive/the-shadow-drive-platform/shadow-drive-cli Official
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shdw.genesysgo.com/shadow-infrastructure-overview/shadow-drive-overview Official
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shdw.genesysgo.com/shadow-infrastructure-overview/shadow-drive-overview Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://genesysgo.com/ |
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Explorer | https://solscan.io/token/SHDWyBxihqiCj6YekG2GUr7wq... |
@genesysgo |
What is the correct contract address for Shadow Token?
Solana | SHDWyBxihqiCj6YekG2GUr7wqKLeLAMK1gHZck9pL6y |
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Has Shadow Token been audited for security?
No security audits found for this project.
Are you the owner of Shadow Token? Edit it here
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