Spot & Margin Trading

Sienna Network (WSIENNA)

Published on 2021-11-19 06:20

1. What is Sienna Network?

Sienna is introducing a new interconnected DeFi protocol that allows for completely private lending and trading experience with great scalability and low transaction fees and provides a bridge for ERC20 tokens to ensure compatibility with the ethereum ecosystem, thus making the digital currency market efficient and fungible for everyone and open to institutional investors. sienna's goal is also to rapidly scale to other large blockchain ecosystems.

Privacy is an important element of Sienna's platform using Secret Network, which allows private smart contracts and private tokens, similar to Monero and Zcash, with all the programmability of ERC20 tokens. Secret Network is the first blockchain to support cryptographic inputs, cryptographic outputs, and cryptographic states to guarantee the privacy of smart contracts. The platform is controlled by the governance token SIENNA, which is acquired over time through liquidity mining and other initiatives using the Sienna platform, creating a fair distribution for a perfectly decentralized future where SIENNA token holders determine the entire platform. In addition, to vote on the Sienna network protocol, users must exchange their wSIENNA for SIENNA.

2. Coin Info