# V2 $SHM Token 💰

Upon fully establishing Shimmy in the market, and implementing our initial Fiat payment functionality, we will mint and implement our own native blockchain token - Shimmy Token ($SHM). 

$SHM will be a [<mark style="color:orange;">Cardano Native token</mark>](https://cardano-ledger.readthedocs.io/en/latest/explanations/features.html) deployed on the Cardano Blockchain. Its function as a utility token within the Shimmy platform is to facilitate our reward and incentive mechanisms in relation to in-app content, activities and group ('Shimmy') ownership and access. This brings a typical transactional element to the transfer of the Shimmy Token 'in-app', yet our smart contract protocol and user interface enable the surrounding context of the exchange to be based upon more widespread parameters than a typical buyer - seller exchange.&#x20;

The proposed Dual-Token Structure, allows the giving, or donation use cases to be facilitated with a Cardano Native Stablecoin. This means that donations between parties, access & control fees, and conditional or contractual agreements, are facilitated with a widely usable Stablecoin, meaning that the $SHM Token can be accrued and held onto as the valuable in-app asset that will increase in value in alignment with demand and optimal usership.&#x20;

Cardano does not claim exponential energy to boost performance and create blocks, unlike other blockchains. The performance-sustainability balance is achieved by combining novel technologies like multi-ledger, side chains, and equivalent deal reuse via multiple-party state channels. This means that building Shimmy Token on Cardano, is environmentally friendly and consumes the minimum amount of energy.&#x20;

![](https://926563418-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FS6AQ0x0DSDyBwsw2SOx4%2Fuploads%2FMuoDJIUjQkZzetAWg99I%2Fweb%20logo%20600.png?alt=media\&token=fa65edc6-a9c7-40e3-b4f9-682e7dda43cd)

See below the basic Shimmy Token information:

<mark style="color:purple;">**Name**</mark><mark style="color:purple;">:</mark> Shimmy Token

<mark style="color:purple;">**Ticker:**</mark> $SHM

<mark style="color:purple;">**Type**</mark><mark style="color:purple;">:</mark> Cardano ADA

<mark style="color:purple;">**Total Supply**</mark><mark style="color:purple;">:</mark> 5,000,000,000

<mark style="color:purple;">**Initial Supply**</mark><mark style="color:purple;">:</mark> 1,052,500,000

<mark style="color:purple;">**Token Listing**</mark><mark style="color:purple;">:</mark> (Mainnet Date TBC)

<mark style="color:purple;">**Distribution**</mark><mark style="color:purple;">:</mark> See [<mark style="color:orange;">Distribution.</mark>](https://docs.shimmyapp.com/fundamentals/v2-usdshm-token/initial-distribution)

<mark style="color:purple;">**Vesting**</mark><mark style="color:purple;">:</mark> See <mark style="color:orange;">Vesting.</mark>

<mark style="color:purple;">**Contract Address**</mark><mark style="color:purple;">:</mark> Coming Soon.

<mark style="color:purple;">**Policy ID:**</mark> Coming Soon.

<mark style="color:purple;">**Chart:**</mark> Coming Soon.