According to the statement made by the IOTA Foundation, IOTA token holders will receive their tokens with the launch of Shimmer. staking they can start using it for the purpose.
Announced on Tuesday, the new network called Shimmer will allow users to experience innovations that are on IOTA’s roadmap but have not yet been implemented at the mainnet level.
Initiation in the shimmer network tokenization, smart contracts, sharding and tools with different features.
Dominik Schiener, co-founder of IOTA Foundation, on IOTA’s mainnet announced that the planned updates will be checked through Shimmer whether they are safe or not.
Test studies to be carried out on the shimmer network in order to encourage A token with the code $SMR will be issued. Minimum token holders per year can earn 8% return and initial distribution of tokens. in the next three months declared to be completed.
The Shimmer network, where transactions can be made free of charge and will function as a test environment. Opening in early 2022 is aimed.
