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Shiden Network

Shiden Network

SDN
$0.007581Up 0.00 percent($0.00)

Key Stats

Market Cap$525.08KUp 0.00 percent
Fully Diluted Value$438.50K
Total Supply57.84M SDN
Max Supply∞
Circulating Supply69.26M SDN
Launch Date2021-07-06

Shiden Network Information

Websites
shiden.astar.network
Block Explorers
shiden.subscan.io
Supported Standards
ERC-20
Industries
Platform

Shiden Network Price Converter

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Shiden Network Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Shiden NetworkEUR logo
SDN-EUR
SDNEUR
kraken logokraken
AA
0.006500EUR
0.00%
Shiden NetworkUSD logo
SDN-USD
SDNUSD
kraken logokraken
AA
0.006900USD
0.00%
Shiden NetworkEUR logo
SDN-EUR
SDNEUR
bit2me logobit2me
B
0.006500EUR
0.00%

About Shiden Network

Shiden Network, established by Sota Watanabe, is a decentralized application layer on the Kusama Network, providing smart contract functionality. Its native token, SDN, serves various purposes within the network, including incentivizing participants and enabling token distribution through Lockdrop. With a limited supply of over 71 million tokens, SDN is a key component of the network's ecosystem, supporting activities like staking, commission payments, and participation in dApps and voting systems.

Frequently Asked Questions

Shiden Network is a multi-chain decentralized application layer built on the Kusama Network. The Kusama Relaychain, by design, does not support smart contract functionality; hence, Shiden Network provides this capability. It supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from its inception. The network facilitates various applications, including DeFi and NFTs​​.

SDN, the native token of Shiden Network, functions primarily as a network utility token. It plays a crucial role in enabling Lockdrop, a mechanism for token distribution. Additionally, SDN is used to incentivize network participants, including:

Staking for consensus and rewarding validators and nominators Paying commissions Participating in the network's dApps rewards system Involvement in the network voting system

Shiden Network was founded by Sota Watanabe. The network, as part of its development process, has engaged in crowdfunding to support its parachain auction bid. Contributors to this bid are anticipated to receive SDN tokens as a form of gratitude for their support​​.