This week Shimmer celebrated its debut as a $MIOTA (+1,48%)
its debut as a test network
The IOTA Foundation has been promising the moon since 2017, but simply not delivering - until Wednesday of this week. That's when the test network actually went $SMR (-1,23%) in which new functions such as smart contracts for the IOTA network can be tested in the future.
$SMR (-1,23%) Was distributed earlier this year via an airdrop to $MIOTA (+1,48%) Hodler who "staked" their coins via the Firefly wallet. In doing so, they were able to purchase coins over the entire staking period for 1 $MIOTA (+1,48%) approx. 0.75 $SMR (-1,23%) for 1. Currently $SMR (-1,23%) is traded for about 0.5 USD. For the boomers here, this corresponds to a "dividend" of 3-4%, based on the "ex-dividend" day of IOTA 😉.
Even if the staking period for $SMR (-1,23%) has expired, you can $MIOTA (+1,48%) can still be staked for another token, Assembly. This token is supposed to bring DeFi and Co into the IOTA network, but is currently struggling with funding problems.
