SMR is the native token of the Shimmer network and serves as its economic backbone. The total supply has been fully distributed to early adopters by staking MIOTA tokens for SMR tokens.
Shimmer enables its own economy to emerge and trial new functions while incentivizing pioneer builders that are unafraid to explore new features and new horizons.
Shimmer will be governed by its community and the future DAOs that can be created to reward and extend participation.
Shimmer is the natural bridge between L2 chains, making SMR the feeless vessel for all economic activity between L2 chains.
The Shimmer ecosystem is growing. Some utility examples of the Shimmer token are listed below.
The Shimmer token powers smart contracts built on top of the Shimmer network. Using IOTA Smart Contracts, developers can build dApps by using Solidity, Rust or Go. Read more.
DeFi unchained, powered by a feeless base protocol and fully composable and interoperable smart contract dApps. With the new possibilities it provides to developers, the Shimmer network is the place for new dApps that aren't possible anywhere else.
Fees are a major entry barrier to the NFT and digital assets space, prohibiting innovation. With Shimmer, you can enjoy feeless minting, trading and transfers of NFTs. Native assets are first class citizens in the protocol and are as secure and scalable as the Shimmer token.