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Stablecoin
XTN Price
Neutrino USD(USDN) has rebranded to Neutrino Index Token (XTN). More info: https://blog.waves.tech/en/usdn-...
Contracts/Explorers:
Ethereum
Neutrino Index Token (previously USDN) is an algorithmic crypto-collateralized indexcoin.
XTN will be collateralized by a basket of tokens from the Waves ecosystem and will no longer be pegged to $1. Instead, the value of XTN will float based on supply and demand and indirectly based on the Backing Ratio (BR). The BR is the total value of all the assets held in collateral against the value of the circulating supply. XTN will target a 100% BR, meaning the price when that is achieved will tend towards $1. This allows for more stability compared to a single-collateral stablecoin, as the value is not tied to the performance of a single asset.
Neutrino Index Token's current price is $ 0.0526, it has dropped -1.11% over the past 24 hours.
Neutrino Index Token's All Time High (ATH) of $ 1.63 was reached on 25 Feb 2021, and is currently -96.8% down.
The current circulating supply of Neutrino Index Token is 74.99 Million tokens, and the maximum supply of Neutrino Index Token is 75.02 Million.
Neutrino Index Token's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 3.94 Million.
You can find more details about Neutrino Index Token on its official website and on the block explorer.
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