Shade Protocol announces engagement token eSHD

Shade Protocol has launched eSHD, an innovative engagement token that aims to transform how crypto communities interact and earn. Unlike traditional DeFi point systems that require capital commitments, eSHD rewards users for their social engagement and activity within the Shade ecosystem. This approach fosters community spirit and encourages participation without the need to lock up assets or take financial risks.

Key Highlights:

• No Capital Commitment Required: Users can earn the token by engaging with social media, completing tasks, and participating in community activities.
• Redeemable Rewards: Holders can unlock various rewards, from SHD tokens to exclusive events and NFTs.
• Community-Centric Approach: Shade Protocol values engagement equally to financial investment, creating a balanced reward ecosystem.

How eSHD Works

eSHD makes earning rewards easy. Users can complete quick tasks on platforms like Zealy, Discord, and Twitter to collect the token. Tasks include liking posts, sharing content, or participating in discussions. Each task contributes points, and a leaderboard ranks the top contributors. These top users earn eSHD, which can later be redeemed for both on-chain and off-chain rewards.

Redeeming eSHD for Rewards

Shade Protocol has designed multiple ways for token holders to redeem their tokens:

1. eDrops: Shade will offer limited “eDrops” where users can redeem eSHD for SHD tokens using Shade Bonds, rewarding active community members.
2. Competitions and Leaderboards: eSHD holders can earn titles, NFTs, and access exclusive events based on their leaderboard standings.
3. Exclusive Community Access: Holders gain entry to gated Telegram rooms and the chance to participate in special community discussions.
4. eSHD Clans: Users can join or form clans, representing DAOs to compete and grow Shade Protocol together.

Earning eSHD

Shade Protocol plans to distribute 10,000 eSHD before the first eDrop on November 28. Participants can earn eSHD by completing social media challenges, generating content, and providing feedback. By putting engagement at the center, eSHD rewards contributions that bring value to the community and raise Shade Protocol’s profile.

A New Vision for Crypto Engagement

Shade Protocol claims to aim to balance social engagement with financial rewards, believing that strong communities thrive when both are aligned. In contrast to traditional point systems that prioritize capital commitments, eSHD focuses on social interactions as a meaningful and valued contribution. This innovative model seeks to create a truly engaged community by rewarding members’ energy, enthusiasm, and commitment.