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NSBT

Neutrino System Base Token  

#NSBT

NSBT Price:
$0.36
Volume:
$43.0 K
All Time High:
$176
Market Cap:
$1.0 M


Circulating Supply:
2,834,678
Exchanges:
3
Total Supply:
2,834,678
Markets:
6
Max Supply:
Pairs:
5



  NSBT PRICE


The price of #NSBT today is $0.36 USD.

The lowest NSBT price for this period was $0, the highest was $0.361, and the current live price for one NSBT coin is $0.36139.

The all-time high NSBT coin price was $176.

Use our custom price calculator to see the hypothetical price of NSBT with market cap of BTC or other crypto coins.


  NSBT OVERVIEW


The code for Neutrino System Base Token crypto currency is #NSBT.

Neutrino System Base Token is 3 years old.


  NSBT MARKET CAP


The current market capitalization for Neutrino System Base Token is $1,024,410.

Neutrino System Base Token is ranked #884 out of all coins, by market cap (and other factors).


  NSBT VOLUME


There is a modest volume of trading today on #NSBT.

Today's 24-hour trading volume across all exchanges for Neutrino System Base Token is $42,950.


  NSBT SUPPLY


The circulating supply of NSBT is 2,834,678 coins, which is 100% of the total coin supply.

Note the limited supply of Neutrino System Base Token coins which adds to rarity of this cryptocurrency and increases perceived market value.


  NSBT BLOCKCHAIN


NSBT is a token on the Waves blockchain, and has digital contracts with 1 other blockchain.

See list of the NSBT Blockchain contracts with 2 different blockchains.


  NSBT EXCHANGES


NSBT is available on several crypto currency exchanges.

View #NSBT trading pairs and crypto exchanges that currently support #NSBT purchase.


  NSBT RESOURCES


Websiteneutrino.at
Whitepaperwp.neutrino.at
Twitterneutrino_proto
Telegramneutrino_group
Mediumneutrinoteam


  NSBT DEVELOPER NEWS



Neutrino Governance moving forward

What’s happening to Neutrino governance? Neutrino protocol needs an improved governance system, strong gNSBT and better incentives for the involved community members. That is why the proposal has been submitted and the existing governance will start to move to the Power DAO framework. This will enable further protocol development and provide the Neutrino protocol with: additional utility for gNSBT resulting in NSBT and SURF value growth;, better decision making process for the future protocol changes and improvements;, improved development expenses management;, marketing campaigns., What will gNSBT holders get? gNSBT holders will be able to get staked $POWER and all the related benefits (such as the ability to vote and $POWER staking rewards) from the Neutrino Power DAO treasury. Every 3 months the Neutrino DAO will take a “snapshot” of the users’ gNSBT and distribute $POWER to the gNSBT holders depending on their gNSBT shares during the snapshot. An amount of $POWER token distributed to a gNSBT holder after a snapshot has to be claimed by the user. All the unclaimed tokens get burned during the next snapshot. Please note that the distributed $POWER is staked, meaning that the tokens are not going to the market until the end the current KPI sprint (a new epoch starts every 3 months). NSBT/SURF staking/unstaking mechanics remain unchanged and users will continue receiving rewards based on the collected Neutrino pro...




Why XTN is not actually burned?

The Neutrino team is closely following the community discussions in our group. We have noticed a proposal to burn XTN (formerly known as USDN) which is stored on the 3PC9BfRwJWWiw9AREE2B3eWzCks3CYtg4yo contract. Such an idea may have arisen due to a misunderstanding of the principles of XTN operation, which we would like to clarify. To explain why XTN smart contact doesn’t burn tokens using Ride’s Burn action, let’s turn to XTN creation history. — History of XTN creation - On Nov 22, 2019 1,000,000,000,000 XTN were issued by this transaction. The XTN (USDN) token was issued as not reissuable, that is, it cannot be reissued, the number of existing tokens is finite and limited. The issued tokens have been locked on the contract to exclude them from circulating supply. There are two ways to get XTN into circulation: invoke the Buy XTN transaction (aka issue XTN) on the smart contract., exchange SURF to XTN when XTN price > $1.15 (see more details in SURF documentation), To take XTN out of circulation, the opposite Sell XTN (Burn) operation is called on the smart contract. It returns tokens back into the “locked” storage. At the same time, they are not technically burned (you can see all locked tokens at the main Neutrino contract balance). But in this case, the return of the tokens to the storage is an operation essentially equivalent to a burn transaction, since it removes the token from circulation and c...




What is SURF and why is it important for the Neutrino ecosystem?

SURF (Smart Utility Recapitalization Feature) is a new token designed to improve the mechanics of recapitalizing USDN reserves. WAVES reserves back the existing supply of USDN stablecoin. Every WAVES token transferred into the smart contract in exchange for USDN is held as collateral to back USDN. The Backing Ratio (BR) is the value of the WAVES on the contract vs. the value of the USDN supply. Three variables affect the BR: The amount of issued USDN, the market price of WAVES, and the amount of WAVES on the smart contract. For example, if the value of the reserves is insufficient to cover the entire value of the stablecoin exactly by one-half, then BR is 50%. On the other hand, if the capitalization of reserves is higher than supply by 50%, then BR is 150%. SURF token will help achieve BR equilibrium and provide additional incentives for the community and investors. Long story short: * SURF becomes available for purchase when BR is lower than 100% * The price of SURF will be equivalent to the BR, i.e., 50% BR = SURF $0.50 USDN * Staked SURF gives passive income and other benefit * When BR goes higher than 115%, the staked SURF gets automatically converted to USDN at a 1:1 rateWhy use SURF, and how to earn the most on it? - SURF becomes available for purchase (issue via smart contract) by locking USDN or WAVES on the smart contract only when BR (Backing Ratio) is <100%. The locked WAVES is added to the existing reserves...




USDN vs UST: Understanding the Differences

Since the crash of UST/LUNA, many questions have been raised around the viability of algorithmic stablecoins, including Waves Protocol’s own USDN. We want to clarify the critical differences between USDN and UST to explain how USDN is specifically designed to avoid any potential death spirals and provide sustainable yields for users. To understand the differences between the mechanisms by which UST and USDN operate, let’s go over how they both work.How the UST/LUNA Mechanism Worked UST utilized a simple mint and burn function between UST and the LUNA token. Users could burn $1 worth of LUNA and receive 1 UST in exchange and vice versa. This mechanism created an arbitrage opportunity to keep UST pegged to $1. If UST dipped below $1, then arbitrageurs could buy 1 UST for less than $1 and burn it in exchange for $1 worth of LUNA. This arbitrage profit incentive was the only mechanism keeping UST stable. Unfortunately, this didn’t last. When the market cap of LUNA fell below the market cap of UST, a death spiral occurred; this is because as UST began to depeg, holders lost confidence and burned their UST for newly minted LUNA and immediately began selling their LUNA as fast as they could to cash out. As more and more LUNA was minted, the supply grew out of control and with so many sellers the market cap began dropping with it. The lower the market cap got, the less their mechanism was able to defend the UST peg, endin...




Two Token Setup for Neutrino. Keep NSBT and Add the Recap Token

2 weeks ago, Waves Protocol published the “masterplan” to revive the Waves DeFi ecosystem and bring stability back to Neutrino. The response from the community was overall positive. Not everyone was happy, though. One group in the Neutrino community proposed a two-token setup to keep NSBT and add the new recap token. Our devs worked hard to model the various scenarios that could occur with a two-token design. We’re pleased to announce that we are now working towards a two-token setup. The details of our investigations are published here to gain our community’s valuable feedback once again. The proposal in short, is to:Only issue the recap token when BR <1Temporarily give recap token stakers all the benefits that gNSBT holders (NSBT stakers) haveAutomatically liquidate recap tokens when BR is >1 We will describe each point below. The following information is a draft plan ready for community review.Recap token price and its purchase conditionsrecap token will be available for purchase (with slippage) from the contract when BR is < 1. The token price = BR e.g. Backing Rate = 0.5, RECAP token price = 0.50 USDNWhen BR >= 1, the RECAP token is not available for purchase.Recap token stakers temporarily get gNSBT and all the related benefits until BR < 1 Recap tokens will have a few different uses:HODL it to profit when backing ratio goes >= 1Sell it on Waves.Exchange to the market at any pointStake ...




Support Neutrino and Earn More Rewards by Bringing your USDN Home to Waves Protocol.

Announcing the #NeutrinoComingHome campaign to incentivize and bring more utility to Waves-based USDN. We’ve seen how vital external liquidity pools like those at Curve Finance are to stablecoins. Even fully backed stablecoins like USDT have suffered depegging due to aggressive selling of the coin in pools. That imbalance signals to the market that the stablecoin is weak and enables market opportunists to trigger significant depeg events. With large, well-capitalized institutional players now firmly present in the DeFi market, this represents a significant risk. Neutrino’s peg is now restored for the second time in 2 months. However, the USDN 3pool is still imbalanced; if large-scale selling occurs, it could cause a third depegging. We believe there is a better way. We can reduce the effect of external pools, become much more independent, and grow better and more sustainably as an ecosystem by bringing Neutrinos home. So today, we are calling all Neutrino holders — to come back to Waves! Why?Better incentives (check Waves.Exchange liquidity pools)Support the stability of NeutrinoReduce the effect of external liquidity poolsImprove liquidity on WavesWaves-based arbitrage benefits the entire ecosystem. Here are the measures we are proposing to the community to improve stability and increase the utility of Waves-based Neutrinos:Temporarily stop all transfers of USDN from Waves to ETHRestore balance of Waves.Exchange...




Help Neutrino to Decentralize USDN Reserves and Make $12K/year

Dear crypto community, the Neutrino team introduces phase one* of the program that will be a big step towards global decentralization! Right now all the USDN reserves (about 40 million WAVES) are leased to 2 generating nodes. Half of the generated WAVES leasing profit is sent as a rewards to USDN stakers, another half is sent to the smart contract to increase the USDN reserves. We want to improve and decentralize this setup, so we are now looking for crypto enthusiasts who are willing to run their own nodes for the needs of Neutrino to improve reliability of the system and make their own interest. According to pywaves stats a node that has 1 million WAVES in leasing generates 19 blocks per day. That is about 19*6 (generator’s rewards per block) = 114 WAVES per day. At the moment of the writing this article WAVES price is $6.2, this means that a node generates about 114 * 365 * 6.20 = $257,982.99 total leasing reward per year. The participants of our program will make 5% of the total leasing reward, this means that you can make 257,982.00 * 0.05 = $12,899.10 per year. Virtual server costs about $60 per month or 12*60=$720 per year. So, your profit is $12,179.10. The table below shows calculated profit depending on the leased amount: Later on we will introduce phase two* of the program that will provide the Neutrino community the ability to govern the setup by means of voting.Phase one Run your own node for the needs of Neut...




How to make more than 50% of your NSBT investment in just 1 week?

Well, hello there, Neutrino community and all the other crypto enthusiasts! Are you ready for fast and easy profit making? You can take advantage of the price difference and make more than 50% of your Neutrino investment in 7 days or even double your investment in just 14 days! Read on to learn how… Neutrino protocol supports stable coins that are pegged to real-world currency. For example, USDN price is pegged to USD price, EURN price is pegged to EUR price, etc. NSBT (Neutrino System Base Token) is the token that ensures the stability of the ​Neutrino protocol reserves. Currently USDN is depegged, meaning that the price of 1 USDN token on exchanges (such as Waves.Exchange, curve.fi etc.) may go lower than $1 and the price of WAVES on the contract is lower than on the exchanges. This gives great opportunity to make profits by means of arbitrage.What is arbitrage and why is it a win-win solution for the Neutrino users and the protocol itself? Arbitrage is the practice of taking advantage of a difference in prices in two or more markets. It allows users to make additional profit while burning extra USDN on the market. This reduces USDN market cap and stabilizes peg at AMM, DEX and exchanges.How to arbitrage? Important: Please note that the following method employs USDN→WAVES swaps, which work only for NSBT stakers (gNSBT holders). If you already have gNSBT proceed to Step 3. If you don’t have gNSBT yet, then:Buy NSBT...




NEP-102. NSBT, gNSBT и быстрый своп в Нейтрино.

Протокол Neutrino впервые был запущен в 2019, и за это время он претерпел немало изменений. Одним из таких изменений было добавление функции стейкинга для NSBT токена, которое позволило получать пассивный доход сразу в нескольких токенах, а именно: USDN (стейблкоин), WAVES и DeFo-токенах. 2022 год можно назвать годом Neutrino, т.к. протокол претерпит ряд изменений, для того чтобы достичь давно назревшую цель — децентрализацию. Первым шагом на пути к этой цели являются изменения в механике NSBT и своп операциях. Однако, прежде чем перейти к их описанию, давайте подведем итоги 2021 года, ведь в некоторых случаях цифры говорят сами за себя. 1) в 2021 году стейкеры NSBT заработали более $26.5 млн! Было распределено 23.4 млн. USDN, 52.8k WAVES, 1.58 млн. EURN и других DeFo-ассеты. 2) в стейкинге NSBT поучаствовало 3000 пользователей. 3) топ-5 доход...




NEP-102. NSBT, gNSBT and Neutrino quick swaps

The Neutrino protocol was launched in 2019 and since that time it has undergone quite a few changes. One of the changes was the addition of NSBT staking feature, which made it possible to receive passive income in several tokens simultaneously, namely: USDN (stablecoin), WAVES and DeFo tokens. 2022 can be called the year of Neutrino, because the protocol will undergo a number of changes in order to achieve a long-awaited goal — decentralization. The first step towards this goal is to change the mechanics of NSBT and swap operations. However, before describing the new mechanics, let’s summarize the results of 2021, because in some cases the numbers speak for themselves. 1) NSBT stakers earned over $26.5M in 2021! 23.4M USDN, 52.8k WAVES, 1.58M EURN and other DeFo assets were distributed. 2) 3000 users participated in NSBT staking. 3) Top 5 earnings by NSBT stakers in 2021: 3P2u***WHMd: $2,654,285 3P5L***a9gY: $2,037,442 3PE2***hwXa: $1,380,715 3PD9***Usdy: $1,196,840 3P8T***2F3K: $1,197,680 Regretting that you have no NSBT? You still have the option to get it on Waves.Exchange. 4) At the time of writing this article, USDN has a market capitalization of nearly half a billion dollars. 5) The USDN token is backed by ~43,000,000 WAVES. 6) In 2021, 20,000 swaps were made (excluding swap from Neutrino node) for a total of $1.2 billion! Comments are unnecessary here. Now let’s talk about the changes.Short description o...




  NSBT NEWS


Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps ...

    Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF to USDN's reserve basket in order to 'improve the mechanics of recapitalizing USDN reserves.'Waves Stablecoin USDN Falters, Team Adds SURF to Improve Algorithmic Stablecoin's Reserve Mechanics, Waves Founder Dismisses Critics Another stablecoin has shown a deviation away from U.S. dollar parity, as USDN tapped a low of $0.94 per unit on September 5, 2022. Coingecko.com statistics indicate neutrino usd dropped even lower the day before, slipping to $0.918 per coin. 30-day metrics show USDN dropped to $0.905 on August 26. It's not the first time USDN has deviated away from the $1 parity. Prior to the August 26 low, year-to-date, neutrino usd has seen three more significant drops below the $1 price value. Prior to August 26, on July 14, USDN's price dropped to $0.938 per token and on May 11, USDN slipped to $0.824 per coin. On April 4, neutrino usd dropped even lower than the losses recorded on May 11, as USDN dropped to $0.787 per coin that day. In more recent times, the Neutrino Protocol added a token called SURF (Smart Utility Recapitalization Feature) to USDN's basket of reserves. There are now four different tokens leveraged for USDN reserves as SURF join... read More



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