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PolkaWarriors Profile picture
@PolkaWarriors_
May 19, 2021 • 8 tweets • 4 min read • Read on X
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Top 7 Must-know Canary Network
#1 @ShidenNetwork

1/Shiden Network is a canary network that acts as an R&D chain of @Plasm_Network. PLM token holders can claim SDN tokens, the native token of Shiden at a 1:1 ratio. Shiden will act as a multi-chain Dapp layer on @kusamanetwork
1-2/Kusama Relaychain does not support smart contract functionality by design. 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.
2/ What Makes Shiden Unique?
Some core features of Shiden that make it unique:
- Multi Chain
- Basic Income for Developers
- Multi Virtual Machine
Also, Shiden Network will have all features that Plasm have such as:
- Operator Trading
- Lockdrop
- Modules
2-2/Furthermore, bcoz Shiden Network is a R&D chain, new technologies & features that Plasm team develop will be applied on Shiden first for performance testing. After a new feature becomes stable and fits @Polkadot vision then that technology will be added to @Plasm_Network
3/Multi-Chain: Shiden’s development team will also build bridges to various blockchain like Ethereum, @SecretNetwork , @cosmos

4/Income for Developers
$SDN token holders can stake their tokens on favorite dApps so that both nominators & the dApps developer can earn SDN tokens.
5/Shiden natively supports both EVM and WASM. Ethereum compatibility is just a day1 for Kusama Parachains.
6/Plasm & Shiden is backed by many big VCs that aims to increase the value & use-case of crypto into real worlds such as: Binance Labs, Hypersphere, AU21 Capital,....
7/ Shiden introduce the new incentive design for SDN crowdloan.
Top 10 Must-know Canary network

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More from @PolkaWarriors_

PolkaWarriors Profile picture
Nov 18, 2021
1/ 5 years since the concept of #parachain was presented by @gavofyork, @AcalaNetwork has become the 1st winner for #parachain #auction on #Polkadot! Their team has shown the true signs of resolution, steadiness, & determination. Keep up the spirit & enjoy your achievement today!
2/ As the #DeFi hub on #Polkadot, @AcalaNetwork has built-in DeFi protocols for application developers to leverage, including a decentralized stablecoin (aUSD), a trustless staking derivatives (LDOT), & a decentralized exchange.
3/ Several months ago, @KaruraNetwork - the canary network of @AcalaNetwork , won the first slot on #Kusama. One more time, their team has become the first winner of parachain auction on @Polkadot with more than +32M $DOT from +81K contributions.
Read 4 tweets
PolkaWarriors Profile picture
Sep 18, 2021
1/ @KaruraNetwork just announced their liquidity mining program with 350,000 $KAR in rewards.

The program started on Sep 28 and anyone can earn $KAR when staking $KSM for $LKSM, the yield-bearing liquid KSM staking derivative, or become an LP in the new LKSM/KSM pool.
2/ The liquidity mining program has two ways to earn:
- Stake $KSM for $LKSM, and earn by staking newly minted $LKSM (Rewards: 100,000 $KAR).
- Stake $KSM for $LKSM, then provide liquidity for the new LKSM/KSM pair (Rewards: 250,000 $KAR).
3/ In case you wanna learn more about $LKSM Liquid Staking in action, join their Crowdcast on Sep 28 at 9pm UTC at crowdcast.io/e/ksm-liquid-s…
Read 4 tweets
PolkaWarriors Profile picture
May 29, 2021
Just like the software stack, every complete decentralized ecosystem needs each component to play an integral role spanning all areas including DeFi, Privacy, DAO, IPFS, DEX, Bridge etc

Let's deep dive into $DOT Tech Stack and explore from layer 0 (Relaychain)to layer 2 (dApps)
1/@AcalaNetwork is the All-in-one DeFi Hub of Polkadot, which aims to make DeFi more accessible than ever. Until now, their team has developed the features including DEX, Lending, Borrowing, Bridges, Staking, etc. You can experience them at: apps.acala.network.
2/@Plasm_Network is a scalable smart contract platform on Polkadot supporting cutting edge layer 2 solutions. It is built on Substrate & designed to be a Parachain. Plasm aims to make ETH 2.0 on Polkadot. @kwikswapdex is the first multi-chain DEX on Plasm
Read 21 tweets
PolkaWarriors Profile picture
May 27, 2021
1/Introducing @Ternoa_ - an NFT-based decentralized data transmission blockchain.

It facilitates the transmission of data by locking them in secure NFT digital capsules.

Built on @Polkadot, Ternoa brings the security of decentralization to data transmission. Image
2/Ternoa Main Point
There have undeniably been huge advancements in the field of data storage & transmission over the last few decades. However, the field still has some notable vulnerabilities. Most data storage has too few points of failure.
3/Blockchain, meanwhile, can create a network that’s completely failsafe. The security of decentralization means there’s no one point of failure that can make the network unstable. Ternoa are harnessing this power to revolutionize the data storage and transmission industry.
Read 10 tweets
PolkaWarriors Profile picture
May 26, 2021
The $KSM parachain auction is on the verge now & all is looking forward to seeing it. The preparation for the parachain rollout has come to the final steps. Despite the fact that the market is in a correction phase, DOT's projects are still busy preparing for the auction on KSM
Last week, the ecosystem has welcomed a lot of good news from different projects including the launching of new canary network & product, the closing of financing round.

Let’s together summarize severals highlights of last week and wait for more new updates in the near future.
1/@current - a leading U.S. financial technology company has partnered with @AcalaNetwork . The partnership has brought Hybrid Finance (HyFi) combining both traditional and decentralized financial applications.

Read 25 tweets
PolkaWarriors Profile picture
May 26, 2021
1/Speaking at #Consensus2021, @gavofyork expresses that currently, EVM is still very popular for most of blockchain developers & @Polkadot will always be ready to support EVM. However, he also emphasizes that for the long term, WebAssembly will be a smart contract replacing EVM.
2/“I can’t deny that a lot of people are already using EVM, so it’s super important to support these legacy protocols, these legacy languages, and that’s what we’re doing with Polkadot,” Wood said in a pre-recorded interview.
coindesk.com/events/consens…
3/Dr. Wood pointed out: “It’s foolish to just throw those away. But it’s not foolish to start thinking about where the next thing is, and that for me is using WebAssembly as smart contracts.”
Read 4 tweets

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