Shiden Network aims to lease a Kusama parachain slot via crowdloan and auction, rewarding contributors with SDN tokens and supporting multi-chain smart contracts from launch.
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Shiden Network functions as a multi-chain decentralized application platform built on the Kusama Network. Since the Kusama Relay Chain does not inherently support smart contracts, Shiden provides the necessary layer for smart contract deployment. It supports Ethereum Virtual Machine (EVM), WebAssembly, and Layer 2 solutions from launch. The platform enables a variety of applications, including DeFi, NFTs, and more. As a Kusama parachain candidate (announced on 2021-05-14), Shiden aims to secure a parachain slot through a permissionless auction process. To obtain KSM tokens swiftly, the Shiden team is crowdfunding its slot lease via Kusama's crowdloan system, allowing KSM holders to lock their tokens for 11 months in exchange for SDN tokens as rewards. The Parachain Lease Offering (PLO) inv...
As of now, Shiden Network is trading at 0.06247 USD, with a 24-hour trading volume of approximately 20.83K USD. The SDN to USD price is updated in real time. Over the past 24 hours, Shiden Network has increased by 14.29%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 4.11M USD. Currently, there are 65 788 608.356626 SDN in circulation out of a maximum supply of 86 229 395.320469 SDN.
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