Shen current market price is $0.367 with a 24 hour trading volume of $3,509. The total available supply of Shen is 0 SHEN with a maximum supply of 1.00T SHEN. It has secured Rank (Not Available) in the cryptocurrency market with a marketcap of $0. The SHEN price is 1.05% up in the last 24 hours.
The lowest price of the Shen is $0.359 & the highest price is $0.368 in the last 24 hours. Live Shen prices from all markets and SHEN coin market Capitalization. Stay up to date with the latest Shen price movements. Check our coin stats data and see when there is an opportunity to buy or sell Shen at best price in the market.
#(Not Available)
$0.367
$0 1.05%
$0.359 / $0.368
$0 0%
$3,509
0 SHEN
1.00T SHEN
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1.05%
1.54%
10.2%
-4.39%
-19.62%
49.71%
Compare live prices of Shen on top exchanges.
| # | Exchange | Pair | Price | Volume (24h) |
|---|---|---|---|---|
| Minswap | 8DB269C.../ADA | $0.367 | $3,506 | |
| WingRiders | 8DB269C.../ADA | $0.362 | $139 | |
| WingRiders | 8DB269C.../ADA | $0.364 | $10 |
## 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.
