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Satoshi_storyteller

May 31, 2021

11 min read

Sienna x Satoshi Club AMA Recap from 10th of May

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Sienna and our guests were @MontyMunf0rd and Sienna Network. The AMA took place on 10 May.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Hello, dear community!

We are pleased to announce AMA with Sienna

We are glad you to introduce you Sienna project. @thisissienna welcome to Satoshi Club

[

Sticker ]

We have a replacement in the visiting team

Let’s give the welcome to @MontyMunf0rd

@MontyMunf0rd is our new Sienna guest

Hello.

Hello and welcome to Satoshi Club, @MontyMunf0rd!

How is going your day?

It’s been a little crazy, lots of work going on, amazing buzz around the whole Sienna team.

let’s start our AMA with a small intro

OK.

Introduce youreself. How did you get to be involved in crypto & Sienna?

Yes, we would like to know more about you

I am the Chief Evangelist and core contributor to Sienna network.

I used to be one of the pioneers of mobile games in 2005.

Lived in India, Bollywood actor and villain.

Lots of conference workbincluding Kim Kardashian, Steve Wozniak, John McAfee.

Now Sienna.

wow! It is very cool! I want to see your filmography

I was very bad.

This is a very impressive list of the mighty of this world.

But this path led you to crypto!

And it’s amazing

Wow, great personalities

Yes and finally to the wonderful people at Sienna.

Yes, please tell us about it

What is the essence of your project?

This article should describe it.

Signaling that privacy is coming to DeFi, Sienna Network raises $11.2M for its platform

We believe in long-term privacy DeFi.

Is a great concept

And you have every reason to think so

How long does it take to develop a project? What plans do you have for the future? And what can we expect from Sienna?

Thank you. My job title is Chief Evangelist, but we are all privacy DeFi enthusiasts.

Sienna Roadmap

https://sienna.network/roadmap/

This is our roadmap.

Thank you for the introduction. We have collected some community questions, would you like to proceed?

Thanks for sharing

Sure.

We do and that is our aim. Transaction fees are too high and we will explain in coming months. A bit vague, sorry.

Do you want to add something to this question?

Not at the moment.

Also we would like to know about your team. Who is on the project team?

We have people all over the world. London, Copenhagen, Sofia, Zurich. A great team.

Is this an anonymous command? If so, do you plan to open over time?

Good question. We shall be opening up soon.

Apologies, but this was a last-minute thing and my mobile is nearly flat.

Any more?

It would be great for user’s trust

Thank you very much for your answers! Ready to proceed to the next question?

Let’s proceed

Yes

Yes, users can utilize Secret’s bridge to tokens into privacy-tokens.

Sienna has created an interface for this bridge

How is the process?

Tokens do indeed become private.

it is very interesting!

How that is best explained is on the scrt.network website.

thanks for the answer and the hint! do you want to add something or are you ready for the next question?

Yes

The main difference is that wSienna 8s running on Ethereum.

And what are the use cases of SIENNA token?

Whereas the SNIP-20 coin is running on Secret Network.

That means that wSienna used on Ethereum will be bridging multi ecosystems.

More bridges are being built to other ecosystems as well where we also have a Sienna wrapped token.

That’s my answer.

this opens up a lot of possibilities for users

We hope so.

So, where can we buy the Sienna token?

Uniswap.

What is the contract address?

When you use Sienna Swap, the privacy-first AMM launching this month, every time you execute a trade, a portion of the trading fees go to burning the SIENNA token, thus reducing the total supply. SIENNA also acts as a governance token which will give you influence over the AMM, the upcoming privacy-first lending protcol and much more.

Greetings @thisissienna

Uniswap, Gate, and more exchanges coming very soon!

Greetings! Thanks for having me alongside Monty!

Thanks for the answer and welcome to the AMA

we are happy to have you here!

Is there something else would you like to add before the next question?

Yes, I’d like to add that the reason why the tx fees on Sienna are significantly lower than on Ethereum is due to the fact Sienna is built on Secret Network

Secret Network is the first blockchain with privacy-preserving smart contracts, hence why it also obtains the privacy from there.

Secret Network is built on Cosmos, and that’s where it obtains the high scalability and low fees

Yes, we are familiar with this project. They were at our AMA

Has it been audited?

All Sienna’s code has been audited by Certik, yes

Great job

Want to share your results with us?

Results are already on our website. https://sienna.network/wsienna

Thank you so much! Safety first

One more audit of the native token will be published today

[

Sticker ]

Are you ready for the next question?

And the final audit for the AMM will arrive shortly

Safety first indeed!

Yes!

Will be waiting for it

don’t forget to share with Satoshi Clubbers

It’s worth noting that Gate has listed wSIENNA (the public token running on Ethereum). That’s why it’s important to have wrapped tokens for multiple blockchain ecosystems, but $SIENNA will always be our favorite. SIENNA has native native since it’s native to Secret Network

This is indeed a very wise decision on your part

Position Win Win

How is the amount distribution of $Sienna?

Total supply is 10,000,000

You can find more about the tokenomics on https://sienna.network/token

And the market cap?

Current market cap is around $7m

Thanks for share the info, do you want to add something else?

If people want to check out Sienna they can visit the website: https://sienna.network or join our Telegram: @GoSiennaNetwork

Let’s join Satoshiclubbers

Well, let’s proceed

There will be other ways to earn Sienna after the minting pool ends. What those plans 4 years from now are, remain secret. In the meantime, you can see our roadmap here: https://sienna.network/roadmap

Do you have staking programs?

Not as of right now but there will be soon

Btw, what of those coming events are the greatest for Sienna?

Product launch this month, more exchanges, exciting partnerships, privacy-first lending in full speed development, more bridges on Secret Network to multiple ecosystems and much more. We’re beyond excited!

A lot of exciting things are coming, it means a lot of work to do

Btw, don’t forget to share with us your coming events

Indeed! Sienna is on a mission to innovate at a high pace. Privacy DeFi is here to stay and is what’s needed for DeFi to truly flourish. Those who know, know.

Great, is time to proceed with the last question of this first part of the AMA, ready to go?

Thank you very much for your answers and clarifications!

Yes sir!

Yes SIENNA will remain a privacy token. it’s worth noting that, given you need to show your transaction history to someone, you can generate a viewing key for them.

The advantage of being a privacy token is that privacy solves a lot of problems in DeFi. Front-running, lack of privacy (if someone sends you some BTC / ETH for example, you’re able to look up their balance and transaction history. That is of nobody’s business than you — unless you give a third party access given your consent.

Yes you can expect SIENNA having a wrapped token on BSC, Polkadot and other ecosystems in the future.

wSIENNA = public wrapped token on Ethereum

SIENNA = native privacy token on Secret Network

I really like this idea and simplicity

So innovative, we should recognize the great job of your team

I really want you to implement your plan as soon as possible and we could use it to the full

Now get ready for the most impressive part of our AMA — the live questions!

@thisissienna are you ready?

Ready as can be!

Part 2 — live questions from the Telegram community

: Programmable privacy is essential for DeFi as you can use sensitive data on the blockchain without revealing that data. Privacy also protects front-running and many other things

: Inherent privacy. Front-running resistance. Cross chain support

: Uniswap, Gate and more exchanges coming soon

: Yes, once SiennaSwap launches this month, you can do yield farming

: Yes fully decentralized, running on Secret Network

: Know Your Transaction as an optional feature for the ones who prefer it. Sienna believes bringing in big instituions is key to DeFi adoption.

]

: Because Monero and Zcash don’t have smart contracts. Secret Network has programmable privac

: Yes! Private NFTs are already on mainnet on Secret Network. Sienna will support these

: The contributors to Sienna have built products that today is being used by tens of millions of people. They are hyper focused on user experience and design

: BSC and Polkadot are the next ones up!

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Telegram: https://t.me/GoSiennaNetwork/

Twitter: https://twitter.com/sienna_network/

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Satoshi_storyteller

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Storyteller for Telegram community @satoshi_club

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