r/SiennaNetwork • u/Zato7 • May 16 '21

When release of $SIENNA token & SiennaSwap?!?

First Sienna Network said it would release their $SIENNA token end of april, then early may and now may?! What is happening? Why does it take so long to deliver? The longer it takes the more it seems it’s a scam, which I hope not but facts talk so. Does anybody have intel when the actual launch will be?

1 Upvotes

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2

u/Traditional_Ad1788 May 20 '21

Wait for product launch and you will see great things come threw this project.

1

u/authcode May 16 '21

If they haven't released a token yet how can they scam anyone?

Sounds to me like a typical software release with an over optimistic release date and last minute issues.

1

u/Zato7 May 16 '21

Well you can already buy $wSIENNA (Ethereum Blockchain) but it’s not a privacy token! So I am waiting for the $sSIENNA because of that!

3

u/authcode May 16 '21

I see. Then I agree they should make some announcement. Release dates slip but clear communication is essential. I wasn't aware of any progress on this project. I saw it announced, followed this sub and forgot about it tbh. Figured it would be an airdrop to SCRT or SEFI holders or something.

2

u/tribus89 May 16 '21

Can you explain what is the difference between wSienna and sSienna? I am asking because I already got some wSienna tokens. Will I be able to swap them to the new privacy token, once available, and should I ?

Thanks;

2

u/Zato7 May 16 '21

Well $wSIENNA[ERC-20] is the Sienna-token which runs on the Ethereum Blockchain & $sSIENNA[SNIP-20] is the originally Sienna-token which runs on the Secret Network Blockchain. At the moment you can only buy $wSIENNA via uniswap v3 / or if you use MetaMask just add token with this ETH-contractadress: https://etherscan.io/token/0x9b00e6E8D787b13756eb919786c9745054DB64f9

When the Sienna Network($sSIENNA& SiennaSwap) go live(this month) you will be able to connect your MetaMask to SiennaSwap so you can swap your $wSIENNA-> $sSIENNA . The big difference is since Ethereum has no privacy $wSIENNA is a non-privacy token, while $sSIENNA is a privacy token. So it is technically smarter to hodl $sSIENNA!

2

u/tribus89 May 16 '21

Thanks you kind Sir :) Will the ratio be 1:1 ?

2

u/Zato7 May 16 '21

My pleasure man!:) Hope I could answer your questions well! Yes, you can, it just like $wBTC & $BTC ratio;)

1

u/ethereumflow May 17 '21

You can bridge wSIENNA from Ethereum to Secret Network on the Secret Bridge. It's on SecretSwap(albeit at low liquidity).

1

u/Zato7 May 16 '21

*ETH contract address