Description

Overview:

• Shardeum was funded in 2017 by Nischal Shetty, Founder of WazirX (biggest CEX in India), Crowdfire and a steward of the cryptocurrency industry in India and by Omar Syed A distributed systems architect with 30 years of experience at NASA, Yahoo, Raytheon and Zynga. At the moment, the team has 42 members.
• It was funded in seed round with 18,7M USD at 200M valuation by several noticeable funds or individuals - Jane Street, The Spartan Group, CoinGecko, Big Brain Holdings, Foresight Ventures, DFG, Balaji Srinivasan (Former Partner, a16z, Former CTO, Coinbase), Nakul Gupta (Lead PM NFT Marketplace, Coinbase) and many others.
  
  

Positives:

• Backers - information below (Jane Street, Big Brain Holdings, Spartan, and others)
• Founders - the founder of the largest CEX in India, WazirX, plus an architect from NASA, Yahoo, Zynga
• The fact that we are currently in a bear market, and in the next cycle, L1s could still make a nice profit
• Only a 20% higher price than during the Seed round
• Size of the community
• Shardeum has 150,000 followers on Twitter and 230,000 members on Discord
• It is currently running on a testnet and has attracted over 100 projects that have already been deployed on their chain, with some significant dApps already promised for deployment on the mainnet.
  • Although Ethereum and other L2 (and L3) solutions will dominate in this space, it is good to have investments in interesting L1s with a large community and backers.
    
    

Negatives:

• Competition in the market
• Relatively long vesting
• Relatively high valuation

Disclaimer

• • Risk of Loss: Investing in cryptocurrency projects carries inherent risks, including the risk of losing your entire investment. Be prepared to potentially lose all the funds you invest.
• • No Guarantees: There are no guarantees of profits, returns, or success when participating in projects. Past performance is not indicative of future results.
• • No Financial Advice: The information provided is not financial advice. Consult with a financial advisor if you are uncertain about participating.
• • Due Diligence: It's your responsibility to conduct thorough due diligence on the project, team and tokenomics before participating. Make informed decisions.
• • Community and Social Hype: Be aware that investment decisions based solely on social media hype or community sentiment can be risky and speculative.
• • Backup Your Private Keys: Ensure you have securely stored your private keys or seed phrase. Losing access to them may result in permanent loss of your assets.