Rank #12100
shen Shen
$ 1.075
0.00001566 BTC
1,566 satoshies
Market Cap
-
24 Hour Trading Vol
4,008.3971 $
Circulating Supply
-
Total Supply
1,00 TN.
Max Supply
1,00 TN.
Fully Diluted Valuation
695,19 BN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
-
-
-
-
-
-
Shen Price Statistics
1.075 $
0.5527 $ / 1.18 $
4,008.3971 $
#12100
1.63 $
-34.04%
03 December, 2024, (9 months ago)
0.2255 $
376.66%
19 October, 2023, (2 years ago)
Shen Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Shen Performance
Trading Pair
day
week
month
shen
/
usd
-4.01%
20.45%
14.67%
shen
/
btc
-4.01%
20.45%
14.67%
shen
/
eth
-4.01%
20.45%
14.67%
About Coin
## What are Reserve Coins?
In simple terms, 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.
## What is Shen (SHEN)?
Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity.
During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately.
By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.
Where is Shen available for purchase?
You can exchange SHEN tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Shen is WingRiders, notably the SHEN/ADA pair, which saw a trading volume of $ 936.08 in the past day. Additionally, Minswap is popular alternative for trading tokens.
What is the highest value Shen (SHEN) has ever reached?
Shen (SHEN) reached its peak price at 1.63 $ on 03 December 2024, approximately 9 months ago ago. Presently, the current price is -34.04% lower than this all-time high.
What is the historical minimum price for Shen (SHEN)?
The minimum price reached for Shen (SHEN) was 0.2255 $, documented on 19 October 2023, more than 2 years ago. In comparison, the current price is 376.66%, it above this historical low.
What is the fully diluted valuation of Shen (SHEN)?
The fully diluted valuation (FDV) of Shen (SHEN) stands at $ 695,19 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 1,000,000,000,000 SHEN tokens. The realization of this FDV might take several years depending on the emission schedule of SHEN tokens.
IMPORTANT DISCLAIMER:
The information presented on our website and associated platforms is sourced from third parties and is intended for general informational purposes only. We do not guarantee the accuracy or timeliness of this content. None of the information provided should be construed as financial, legal, or other professional advice tailored to your specific needs. Your use of this content is at your own discretion and risk. It's important to independently research, evaluate, and verify the information before relying on it. Trading carries significant risks, so it's advisable to consult with a financial advisor before making any decisions. Our content is not intended to solicit or offer any services.