SMR is the native token of the Shimmer network and serves as its economic backbone. Shimmer is the official validation network of IOTA, a ‘rapid innovation playground’ that lets developers build apps and features outside of the IOTA mainnet. People are rewarded with Shimmer tokens when they stake on the Shimmer network. Just some of the other applications include Smart Contracts, feeless economic activity between Layer 2 chains, and feeless minting, trading and transfer of NFTs.
Shimmer market stats
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