The Shiden Network currency SDN plays an important role in maintaining and operating the network. It is used to reward nodes, pay transaction fees and reward Dapp operators. Detailed information about what is Shiden Network coin SDN, how does it work, how much it costs, where to buy, etc. is in the continuation of the content. You can browse here for information about Convex Finance coin (CVX).
What is Shiden Network coin (SDN) and how does it work?
Shiden Network is a Multi-chain decentralized application layer in Kusama Network. This issue is also resolved with the Shiden Network layer, as Kusama Relaychain does not support smart contracts. Shiden Network supports Ethereum virtual machine, WebAssembly and Layer2 solutions from day one. The Shiden Network platform supports DeFi, NFT and various other applications.
Users holding SDN, the native token of Shiden Network, can stake their Tokens on their favorite Dapps, so both nominees and developers can earn SDN tokens. The Shiden Network currency SDN plays an important role in maintaining and operating the network. Used to reward nodes, pay transaction fees and reward Dapp operators.
It builds bridges on blockchains like Shiden Network, Ethereum, Secret Network, Cosmos. Shiden Network was founded by Stake Technologies, the same organization that founded the Primer Network. The Shiden Network is the sister network of the Aster Network and over time its feature set will evolve to be similar to the Astar. Stake Technologies launched the Shiden Network in January 2021 and won its 3rd parachain auction in Kusama in July 2021.
How to buy Shiden Network coin? How much is the SDN coin price?
Shiden Network can be purchased from listed cryptocurrency exchanges. It is necessary to make sure that the exchange to be traded is reliable. As of September 20, 2021, the price of 1 SDN coin is around $4.96. The circulating supply of SDN coins is 56,838,246 units, and the total supply is 70.473,512.
Caution: The information contained in this content is for informational purposes only. It is not investment advice.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency