Shiden (SDN) Funding and Trading Starts September 2
We are excited to announce that Kraken is now supporting Shiden (SDN).
- Deposits, withdrawals and trading will begin at approximately 15:30 UTC on September 2.
- Clients who contributed to Shiden’s Parachain Auction on Kraken will automatically receive SDN rewards in their Kraken account. Get full details on the rewards distribution on our Support Center.
Note: Trading is not available to residents of the USA, Canada, Australia and Japan.
What is Shiden?
Shiden is a smart contract layer for the Kusama network where developers can design and build new decentralized applications. Built as a parachain, Shiden aims to be a cross-chain platform, meaning that it can support various smart contracts that are not native to Kusama, including ones built for Ethereum. Shiden also supports many layer 2 solutions, offering ways to improve upon its network’s scalability and transaction speeds.
Will I receive SDN for contributing to the auction?
Yes, clients who contributed to Shiden’s Parachain Auction on Kraken have now received SDN rewards in their Kraken account. Full details on the rewards distribution can be found here.
What time will funding and trading start?
Funding and trading will start at approximately 15:30 UTC on September 2.
Trading pairs for SDN
- SDN/USD
- SDN/EUR
How to deposit SDN
- Navigate to “Funding” > Select the asset. You can find the asset either by ticking “Show all assets” or by searching “SDN.”
- Click “Deposit” next to SDN and follow the on-screen instructions.
Confirmations required before deposits credit
- 25 (about 4 minutes)
Trading minimums
- 0.3 SDN
Fees and funding minimums
Which services will be available for SDN?
Available
Not (yet) available
Will Kraken list more assets?
Yes! But our policy is to never reveal any details until shortly before launch – not even which assets we are considering. All of Kraken’s listed tokens are available on our website, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be listing in the future.
Trade with caution
Limit orders are recommended when trading starts since the markets may be illiquid initially. Be extremely careful with market orders and orders that trigger market orders (e.g. stop loss).
Invest with caution
Listing an asset or token for trade is not a recommendation to buy, sell, or participate in the associated network. Do your own research and invest at your own risk.
