Shen (SHEN)
Shen (SHEN)
1.33 -5.95 %
Rank # 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 0.00
Total Supply 1,000,000,000,000.00
Max Supply 1,000,000,000,000.00
  • Ethereum cardano-8db269c3ec630e06ae29f74bc39edd1f87c819f1056206e879a1cd615368656e4d6963726f555344
  Week Month Year All Time
High

13-12-2024

1.33
0.00%

13-12-2024

1.33
0.00%

13-12-2024

1.33
0.00%

03-12-2024

₹5,730,800.59
-17.96%
Low

30-06-2023

0.28086451395
373.54%

30-06-2023

0.28086451395
373.54%

30-06-2023

0.225526
489.73%

19-10-2023

₹5,628.29
492.14%

Shen News (Shen News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Shen Chart (Shen Chart)

Shen Price USD (Shen Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
Shen Price History (Shen Price History)
Price Market Cap Volume Date
Coin Shen
Comments
Shen Price Today (Shen Price Today)
## 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. Also read: Proof Of Gorila Pog Price USD
Frequently Asked Questions (Crypto FAQs)
The current price of Shen (SHEN) is USD 1.33
24 Hours, High Price of Shen (SHEN) is USD 1.44 and Low price of Shen (SHEN) is USD 1.33
The total supply of Shen (SHEN) is 1000000000000 and Circulating supply of Shen (SHEN) is 0.00
The trading volume of Shen (SHEN) is In the last 24 hours