Shadow Token

price
change

Discover Shadow Token's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Shadow Token?

Shadow Token (SHDW) is a utility token powering the Shadow dePIN ecosystem, providing decentralized storage, compute, and network orchestration. Users utilize SHDW to pay for these services, while Shadow Operators stake SHDW to secure nodes and earn revenue. The ecosystem is powered by DAGGER, a scalable and bandwidth-efficient L1/L2 hybrid, and features Shadow Drive, a decentralized data storage solution designed for Web3 applications.

How is Shadow Token used?

The Shadow Token (SHDW) is the utility token that powers the Shadow dePIN ecosystem, providing decentralized storage, compute, and network orchestration to its users. Users utilize SHDW to pay for decentralized data storage, compute, and other utilities within the Shadow network. Shadow Operators stake SHDW to secure their nodes and earn revenue based on their contributions to the network.

How do I store Shadow Token?

To store Shadow Token (SHDW) tokens, you need to choose a reliable crypto wallet that supports the SHDW token. Here are the steps to follow:

  1. Choose a Crypto Wallet: Select a wallet that works well in your area, accepts your payment method, and follows your preferred policies. Popular options include Coinbase Wallet, MetaMask, TrustWallet, and others.

  2. Set up Your Wallet: Create an account by providing your personal information and selecting a strong password. You will be given a secret recovery phrase or seed words, which you should note down carefully in case you lose your wallet.

  3. Transfer Funds to Your Wallet: Once you have bought your base currency, withdraw it to your crypto wallet. Log into your account on the exchange platform, provide your wallet address, and the amount you want to transfer. After a brief wait, you should see your funds appear in your crypto wallet.

  1. Store Your SHDW Tokens: After buying SHDW tokens, transfer them to your chosen wallet to store them securely. Make sure to keep your wallet and seed phrase safe to avoid losing your tokens.

By following these steps, you can safely store your Shadow Token (SHDW) tokens in a reliable crypto wallet.

How to buy Shadow Token?

To buy Shadow Token (SHDW) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports SHDW, such as Coinbase Wallet, MetaMask, or TrustWallet. Ensure the wallet is suitable for your region and payment method.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down the Secret Recovery Phrase or Seed Words carefully for future reference.

  3. Buy a Base Currency: Choose a cryptocurrency exchange platform and purchase a base currency like Bitcoin, Ethereum, or Tether. This will be used to trade for SHDW.

  1. Transfer Funds to Your Wallet: Withdraw the base currency to your crypto wallet by providing the wallet address and the amount to transfer.

  2. Select a Decentralized Exchange (DEX): Choose a DEX that supports your wallet, such as Pancake Swap. Ensure the exchange supports the trading pair you need (e.g., SHDW/BTC).

  3. Buy Shadow Token (SHDW): Connect your wallet to the DEX, select SHDW, and enter the amount you want to trade. Be cautious of market trends and trading fees.

  1. Store Your Tokens Safely: For long-term storage, consider using a cold wallet like a paper wallet or a hardware wallet to ensure maximum security.

Remember to research and compare exchanges, trading fees, and liquidity before making a purchase. Additionally, diversify your portfolio to minimize risks.

Discover
Shadow Token
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

History of Shadow Token

The Shadow Token (SHDW) is the utility token powering the Shadow dePIN ecosystem, which provides decentralized storage, compute, and network orchestration to its users. Users utilize SHDW to pay for decentralized data storage, compute, and other utilities. The token is staked by Shadow Operators to secure their nodes and earn revenue based on their contributions to the network.

The Shadow ecosystem is powered by DAGGER, a scalable and bandwidth-efficient L1/L2 hybrid that manages large amounts of data stored across decentralized networks. DAGGER networks can be deployed as public permissionless Layer2 networks or private Layer1 protocols. This technology reduces communication overhead, resulting in faster data retrieval and cost reduction for users compared to other decentralized systems.

One of the key products of the Shadow Ecosystem is Shadow Drive, designed to integrate seamlessly with applications and systems on the Solana blockchain and beyond. Shadow Drive prioritizes data security and integrity through its hierarchical model, ensuring system resilience. This makes it an ideal choice for Web3 builders creating hosting services, CDNs, social media apps, and more.

Historically, the price of Shadow Token has experienced significant fluctuations. It has seen both surges and declines, with a notable 53% increase following its addition to Coinbase's roadmap. The token's all-time high was recorded on January 5, 2022, and its all-time low on October 16, 2022. The current market capitalization and fully diluted valuation of Shadow Token are significant indicators of its market presence.

Shadow Token can be traded on various exchanges, including centralized and decentralized platforms. The most popular exchange for buying and trading SHDW is Coinbase Exchange, with other popular options including Gate.io and Meteora.

Discover
Shadow Token
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

How Shadow Token works

The Shadow Token (SHDW) is a utility token that powers the Shadow dePIN ecosystem, focusing on decentralized storage, compute, and network orchestration. It operates on the Solana blockchain and is designed for the sustainability and security of decentralized data storage infrastructure.

Key Features
  • Decentralized Storage: SHDW functions as decentralized storage, allowing users to store data securely and efficiently.
  • Staking and Rewards: Token holders can stake their SHDW tokens to participate in securing the network and earn rewards. This incentivizes users to contribute to the network's stability and growth.
  • Halving, Slashing, and Recycling: These mechanisms ensure the network's security and fairness by penalizing nodes that fail to perform their role or engage in malicious activities. Slashed tokens are replaced, and the system encourages operators to maintain the network's integrity.
  • Auditor Nodes: Users can transform their mobile devices into Auditor Nodes by staking SHDW tokens, allowing them to participate in securing the network passively while earning rewards.
  • shdwNode Operators: These operators manage the network, ensuring its smooth operation. They must stake SHDW tokens to secure their place in the network, which acts as a commitment fee to maintain the network's health and efficiency.
  • Shared Staking: SHDW holders can delegate their tokens to shdwNode Operators via smart contracts, sharing in the rewards and fostering a strong community bond.
Tokenomics
  • Tokenomics Model: The model is designed to create a stable, valuable, and engaging community of active network participants. It incentivizes behaviors that drive value and ensures the demand for SHDW grows as the network expands.
  • Buyback Mechanic: This mechanism serves multiple purposes, including ensuring long-term sustainability and value accrual to the token as the user base grows and revenues scale.
Investment Potential
  • Solana Ecosystem: As the Solana ecosystem expands, the need for DeFi solutions like decentralized storage is expected to increase, making SHDW an intriguing investment opportunity.
  • Unique Attributes: SHDW offers advantages such as ease of use, affordability, and swiftness compared to other competing solutions, making it a worthy investment consideration.
  • Team Expertise: The team behind GenesysGo, the Solana-based blockchain that operates Remote Procedure Call (RPC) servers, has a proven track record and expertise in engineering, reducing the likelihood of a rug pull.

Overall, the Shadow Token is designed to create a sustainable and secure decentralized data storage infrastructure, with a tokenomics model that incentivizes active participation and value creation. Its unique features and the team behind it make it an attractive investment opportunity in the Solana ecosystem.

Discover
Shadow Token
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Shadow Token's strengths

The strengths of Shadow Token (SHDW) include:

  • Efficient Transactions: Shadow Token is designed to provide fast and secure transactions, making it ideal for quick payments and transfers without third-party intervention.
  • Decentralized Financial Services: It offers access to a range of financial services such as lending, borrowing, trading, and investing through its partner network, which includes leading financial institutions.
  • Smart Contracts: The token's underlying technology allows for the creation of automated agreements between parties without requiring third-party involvement, enabling complex transactions quickly and securely.
  • Decentralized Storage and Compute: Shadow Token powers the Shadow dePIN ecosystem, providing decentralized storage, compute, and network orchestration to users. It is used to pay for these utilities and is staked by Shadow Operators to secure nodes and earn revenue.
  • Scalability and Efficiency: The DAGGER network, which powers the Shadow ecosystem, is designed to be scalable and bandwidth-efficient, reducing communication overhead and costs for users.

These features make Shadow Token a robust and versatile cryptocurrency with a strong focus on decentralized services and efficient transactions.

Shadow Token's risks

Shadow Token (SHDW) carries significant financial risks. According to InvestorsObserver, SHDW has a high risk score, indicating that it is a relatively high-risk investment. This score is based on the proprietary scoring system, which analyzes how much money is required to move the price over a 24-hour period, as well as recent changes in volume and market capitalization. The system gauges how easily the token can be manipulated by limited trading, with lower scores representing higher risk and higher values indicating lower risk.

Additionally, SHDW is not listed on major exchanges like Binance, which may further increase its risk profile. Investors are advised to carefully consider their investment experience, financial situation, investment objectives, and risk tolerance before investing in SHDW. It is also recommended to consult an independent financial advisor and understand the associated risks, as cryptocurrency prices are subject to high market risk and price volatility.

Discover
Shadow Token
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Did Shadow Token raise funds?

Discover
Shadow Token
We give you the tools to invest your time and money in 1000+ tokens.
Subscribe

Shadow Token’s team

  • GenesysGo: The team behind the Shadow Token (SHDW) is GenesysGo, which is responsible for developing and maintaining the Shadow ecosystem, including the SHDW token and its various applications such as ShdwDrive.

Whalee AI

The fundamental analysis assistant for crypto value investors.

Shadow Token NEWS REPORT

Latest news

Want an analysis of Shadow Token? Tell us on discord.

Help us improve!
Tell us what you think of this page and which features you would like to see next.
OPEN FORM