What is Sienna Network? All information about token SIENNA

Sienna Network overview

What is Sienna Network?

Sienna Network is a DeFi project using Cross-chain technology built on Secret Network's blockchain. It provides a highly secure decentralized financial platform that allows anyone to borrow, lend and swap tokens of various blockchain platforms with low transaction costs.

As of now, Sienna Network products have supported blockchains such as Ethereum and Binance Smart Chain . In the future, the project will support other blockchains such as Cosmos, Polkadot, etc.

Highlights of Sienna Network

Sienna Network is built on Secret Network, so it inherits the outstanding information and data security features of this blockchain. Sienna Network will ensure that no one can see the data on the private wallet as well as the investor's transaction history.

Private Swaps : This feature is integrated in the Sienna Swap product, where investors can swap tokens privately. That is, the information related to the transaction such as the wallet address, the swap amount ... of the investor is absolutely confidential.

Privacy First : Sienna Network takes customer privacy very seriously. Therefore, all transaction information, location and data are kept private.

Fast Transactions with Low Fees : Transactions made on Sienna Network products are processed instantly with low fees.

Sienna Network's products

Sienna Swap

This product supports investors to swap tokens of many other blockchains quickly with relatively low fees.

Swap fee is 0.3% per transaction, of which 0.28% is liquidity and 0.02% is converted to SIENNA. These SIENNA tokens will be burned periodically by the project.

What is Sienna Network?  All information about token SIENNA

Sienna Swap interface

Liquidity Pool

Sienna Network offers users a passive investment method by providing trading liquidity for any token pair the project supports. Through this, they will receive rewards as SIENNA tokens or other project tokens depending on each Pool.

Liquidity Pools

Bridge

The Bridge product helps investors convert their tokens into security assets (Secret tokens) to keep transactions secret. For example, ETH through the project's Bridge will convert to sETH, similarly DAI to sDAI.

Investors can still use these tokens to swap on Sienna Swap. Currently Sienna Network only supports Ethereum and Binance Smart Chain but the project has plans to support other blockchains such as Polkadot, Monero, Cosmos…

What is Sienna Network?  All information about token SIENNA

Bridge connects to other blockchains

Project team, investors & partners of Sienna Network

The identity of the Sienna Network development team has not been specifically disclosed.

Sienna Network partnered with CertiK to secure and fix the project's vulnerabilities. This brings peace of mind to customers, partners and investors.

Sienna Network has successfully raised capital from large investment funds such as AU21 Capital, NGC Ventures, FBG Capital, Inclusion Capital, Genblock Capital...

What is Sienna Network?  All information about token SIENNA

Project team, investors & partners of Sienna Network

Sienna Network's development roadmap

Q3 2021 : Sienna Swap 1.0 product release project, supporting BCS Bridge.

Q4 2021 : Sienna Swap 2.0 development project and Sienna Lend launch.

Q1 2022 : Sienna Network develops more bridges with other blockchains and launches Sienna Swap 2.0, direct fiat deposit feature.

Complete set of SIENNA tokens

What is SIENNA token?

SIENNA is the official token of Sienna Network, it plays the following roles:

Reward for participants : SIENNA is also used as a reward for investors who participate in providing liquidity on Sienna Network's system.

Governance : Owners of this token have the right to participate in the system administration process as well as they can contribute ideas to help developers build the Sienna Network project.

In addition, Sienna Network has another token called Wrapped SIENNA (wSIENNA), an ERC-20 version of SIENNA.

Some information about SIENNA token token

  • Token name: Sienna Network
  • Ticker: SIENNA
  • Blockchain Network: Secret Network, Binance Smart Chain
  • Token Standard: SNIP-20, BEP-20
  • Contract (SNIP-20):  secret1rg…luxcllml4
  • Contract (BEP-20): 0x130…5c6bd7ba9b
  • Total Supply: 10,000,000 SIENNA
  • Circulating Supply: 915.691 SIENNA

Some information about wSIENNA token token

  • Token name: Wrapped SIENNA
  • Ticker: wSIENNA
  • Blockchain: Ethereum
  • Token Standard: ERC-20
  • Contract:  0x9b00e6…DB64f9

Allocate SIENNA token tokens

  • Mining Pool: 36% 
  • Founders: 24%
  • Private Sale: 20%
  • Development Fund: 13%
  • Liquidity Provision: 3%
  • Advisors: 2%
  • Public Sale: 2%

What is Sienna Network?  All information about token SIENNA

Allocate SIENNA token tokens

How to own and store SIENNA token tokens

Investors can provide liquidity on Sienna Swap to receive SIENNA tokens. In addition, they can buy SIENNA tokens on Sienna Swap or buy wSIENNA on exchanges such as Hotbit , Gate.io, PancakeSwap… and then convert to SIENNA.

Investors can store SIENNA tokens (BEP-20) and wSIENNA tokens (ERC-20) in wallets like  Trust Wallet , MetaMask , etc.

Conclude

Above is the basic information about the Sienna Network project and the SIENNA token. With Sienna Network, users' personal wallet data and transaction information are absolutely secure. Through the above article, hopefully you have been able to judge the potential of the project in the future to make the right investment decision for yourself.



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