Shiden Network (SDN) Project Analysis

1. Research Comment

Shiden network is a brother project with Plasm, meaning a previous version of Plasm (known as astart network now) on Kusama mainnet. Plasm is the first Polkadot eco project invested by Binance, and Shiden Network once available has obtained 10 million U.S. dollars lead invested by FENBUSHI Capital. Shiden Network creates a new crowdfunding mode called lockdrop, by locking Ethereum to issue PLM and SDN, which can be seemed as the antetype of slot auction of Kusama and polkadot. It is a very important polkadot eco project.

2. Recent Flashpoint

Mainnet launch, kusama slot auction completed

3. Project Introduction

Shiden Network is a Canal network, acting as the R&D chain of Plasm Network. PLM holders can claim SDN, the native token of Shiden Network, at 1:1 ratio. Shiden Network is a multi-chain decentralized application layer of Kusama Network. From the very beginning, Shiden is the supporter of EVM, WebAssembly and Layer2. The platform supports various application like Defi, NFT, etc.

4. Token Roles

• Stake to get rewards
• Shiden Network mainnet gas fee

5. Token Allocation

Total: 70 million

• Users: 30%
• Parachain auction: 30%
• Parachain auction service: 5%
• Protocol development: 10%
• On-chain DAO: 5%
• Market: 5%
• Eco development: 5%
• Team: 5%

6. Investment Institutions and Partners

binance labs, block dream fund, au21 capital, DFG, SNZ, IOSG ventures, SubO capital, longhash ventures

Shiden Network (SDN) Basic Information

Token name: SDN

Project website: https://shiden.astar.network/

Block query:

https://shiden.subscan.io/

CoinW Research

September 2, 2021