Question 1

What is Shiden Network (SDN)?

Accepted Answer

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​​.

Question 2

What is Shiden Network (SDN) used for?

Accepted Answer

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

Question 3

Who created Shiden Network (SDN)?

Accepted Answer

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​​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Open	24h High
1	SDN-EUR SDNEUR	kraken	AA	0.006500EUR	0,00%	0SDN	0.006500EUR	0.006500EUR
2	SDN-USD SDNUSD	kraken	AA	0.006900USD	0,00%	0SDN	0.006900USD	0.006900USD
3	SDN-EUR SDNEUR	bit2me	B	0.006500EUR	0,00%	0SDN	0.006500EUR	0.006500EUR