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Neutrino System Base Token

Neutrino System Base Token NSBT Price $ 0.627

Rank: 1811

41 Watchlists

DeFi

NSBT Price

0.627
8.57%
($ 0.0495)
Price Range
LowHigh
$ 0.549$ 0.656

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Description

Neutrino is a multi-assetization protocol, powered by Waves, acting as an interchain toolkit for frictionless DeFi.

Neutrino System Base Token (NSBT) Chart

The Neutrino System Base Token to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

NSBT to USD Converter

Neutrino System Base Token (NSBT)NSBT

NSBT Price Statistics

leaderboard

Market Cap

$ 1.78M

FDV

$ 1.78M

ATH Market Cap

$ 378.31M

24 Trade Vol.

$ 46.46K


Vol. (24h) / MCap

0.0261

Total Supply

NSBT 2,835,679

Circulating Supply

NSBT 2.84M

(100% of Total Supply)

Listing Date

3 Mar 2021

All Time High

$ 149.77

29 Mar 2022


All Time Low

$ 0.311

18 Aug 2023


From ATH

99.6%

From ATL

101.4%

Neutrino System Base Token Price Analysis

What is Neutrino System Base Token (NSBT)?

The Neutrino System Base Token (NSBT) is a native token of the Neutrino Protocol. The Neutrino protocol functions as an algorithmic price-stable assetization protocol. It facilitates the creation of stablecoins that can be pegged to real-world assets as well as to cryptocurrency. The Neutrino protocol is deployed with a set of smart contracts operating on the Waves blockchain.

NSBT has a maximum supply of 1,000,000,000,000.

What are Neutrino System Base Token’s key features and how does it work?

The Neutrino ecosystem has a three-token mechanism: WAVES, USDN, and NSBT. All three tokens are essential to the network’s operation:

  • WAVES is needed for paying transaction fees on the network. It is also used as collateral for USDN, the main stablecoin of the Neutrino project. 
  • USDN is pegged to the value of the U.S. dollar and, in turn, serves as collateral for other Neutrino stable assets. In this case of deviations from its peg, arbitration bots work to counteract the move.
  • NSBT is used for platform governance and also acts as a recapitalization token. In this manner, it ensures that USDN has stable reserves.

As mentioned, the platform allows for the creation of stablecoins. They are digital equivalents of real-world assets that can be used to leverage decentralized ecosystems and DeFi. For example, EURN is a stablecoin created on the Neutrino protocol that is pegged 1:1 to the value of the Euro. Exchange rates are regulated by smart contracts and are updated once every minute. For a user to receive stable-price assets, they must deposit USDN as collateral.

What is noteworthy about Neutrino System Base Token?

Built on top of the Neutrino protocol is the Decentralized FoRex or DeFo. It is an extension that provides support for instant swaps between stable-price assets. For example, assets tied to national currencies or commodities. Users can swap, invest, and stake their assets via the tools provided. All assets are backed by USDN, which is used as collateral. 

What can NSBT be used for?

The NSBT token is designed to maintain and stabilize the reserves of Neutrino smart contracts. This is done via reserve recapitalization. When WAVES is locked on a smart contract, NSBT is issued. WAVES function as collateral in the case of any deficit. The issue price of NSBT is determined by an emission curve that depends on various factors, including the NSBT supply, and Backing Ratio. 

NSBT can be staked on the platform. gNSBT is distributed as a reward which can then be used for taking part in network governance. Governance participants can vote on topics and issues related to Neutrino protocol developments, feature upgrades, and other parameters.

Where can you buy NSBT?

NSBT is available for trading on the following CEXs and DEXs listed here. The most popular platform with the highest liquidity is Gate.io. The price of NSBT will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for NSBT market prices, please view the price charts on this page.

Neutrino System Base Token Price Today

Neutrino System Base Token's current price is $ 0.627, it has increased +8.57% over the past 24 hours.

Neutrino System Base Token's All Time High (ATH) of $ 149.77 was reached on 29 Mar 2022, and is currently -99.6% down.

The current circulating supply of Neutrino System Base Token is 2.84 Million tokens, and the maximum supply of Neutrino System Base Token is 2.84 Million.

Neutrino System Base Token’s 24 hour trading volume is $ 46.46 Thousands.

Neutrino System Base Token's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 1.78 Million.

You can find more details about Neutrino System Base Token on its official website and on the block explorer.

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