Shen (SHEN) Live Price and charts Today

1 Shen (SHEN) Price Today in USD is $0.800199

Shen (SHEN) = $0.800199 USD

Shen (SHEN) all-time high (ATH) is $1.4005 USD

The maximum supply of Shen (SHEN) is 1,000,000,000,000.00

Shen (SHEN) 24h volume is $1.09 USD

Shen (SHEN) Market Cap is 0 USD

Shen
$0.800199
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时间精度 :
时间范围 :
  • .csv
  • .xls
  • .xlsx
  • 排名 #N/A
  • 市值 0.00% -
  • 24H现货交易量 0.00% $1.0883
  • 换手率 -
  • 流通量 -
  • 总供应量 -
  • 最大供应量 1,000,000,000,000.00
  • 最大稀释市值 $800,199,369,200
  • API ID shen copy duigou
  • 项目开始时间 -
  • 合约地址与浏览器
  • 网站链接 官网
  • 相关链接
    • icon
    • icon
关于 SHEN 项目里程碑
Shen 是 Djed 的储备币,旨在保证稳定币的抵押率和挂钩

Shen is Djed’s reserve coin, which aims to guarantee the collateralization rate and the peg of the stablecoin. By minting $Shen, its holders provide the service of stability to $Djed users. In order to do so, they won't be able to burn $Shen for $ADA for as long the Reserve Ratio is below 400% because stablecoin users have priority to burn their stablecoins into a stable USD equivalent value paid in $ADA from the Reserve. The smart contract also won’t allow the purchasing of $Shen once a Reserve Ratio gets to 800% in order to avoid too much risk or rewards. By trading $Shen, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. Having a reserve coin is crucial for the success of the stablecoin.

By utilizing the reserve coin, fees will be charged and entered into a transaction pool facilitated by the underlying stablecoin. $Shen holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio.

Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. 

Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio. Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below. 

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