Stake Shiden Network (SDN) on MyCointainer
We are thrilled to announce the integration of the Shiden Network (SDN) ecosystem into the MyCointainer platform. Starting today, communities can utilize the earning applications of the $SDN token through staking, and support the project's infrastructure to build the best smart contract and programs on the Kusama network. Easily gain access to these products and services, and earn passive income on the token without needing technical expertise.
Shiden Network Ecosystem Introduction
Shiden Network is a multi-chain decentralized application layer on Kusama Network. Kusama Relaychain does not support smart contract functionality by design - Kusama Network needs a smart contract layer. This is where Shiden Network comes in. Shiden supports Ethereum Virtual Machine, WebAssembly, and Layer2 solutions from day one. The platform supports various applications like DeFi, NFTs and more.
Shiden Network’s native cryptocurrency, $SDN, plays a key role in maintaining and operating the network. $SDN holders are allowed to stake their tokens on dApps of their choice to earn additional $SDN tokens. This helps both nominators as well as the dApp developers to earn more rewards.
Shiden Network Token Integration
Community members can deposit or withdraw $SDN tokens from their dedicated MyCointainer wallet. Instantly view your cryptocurrency on the website or mobile app and keep track of your investments every day. There is no limit to the amount of deposits or withdrawals you can perform, so you can transact as much as you want.
Shiden Network Stake to Earn
MyCointainer has added the $SDN token to the list of proof-of-stake assets available on the platform. The staking begins once the deposit has been validated and reflected in your MyCointainer wallet. Immediately receive daily staking rewards as you keep the cryptocurrency in your digital wallet over an extended period of time.
Conveniently increase your $SDN holdings through the staking mechanism and avoid the in-depth technicalities of Shiden Network staking, ideal for anyone who wants to start their staking journey.
Earn ∼14% APR when you stake $SDN on MyCointainer.
Watch your cryptocurrency assets grow over time.
Conclusion
Staking $SDN is a great way to earn passive income from your crypto assets and generate better yields. In MyCointainer, you can make your money work for you with stable and secured financial returns.