Neutrino USD Self Reported Market Capitalization Achieves $5.28 Million (USDN)

Neutrino USD (USDN) traded up 8.7% against the US dollar during the 1-day period ending at 7:00 AM Eastern on March 1st. Neutrino USD has a total market capitalization of $5.28 million and $8.68 thousand worth of Neutrino USD was traded on exchanges in the last day. Over the last seven days, Neutrino USD has traded 94.8% higher against the US dollar. One Neutrino USD token can currently be bought for approximately $0.0662 or 0.00000100 BTC on popular cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 4.9% against the dollar and now trades at $66,954.35 or 1.00946572 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Neutrino USD Profile

Neutrino USD was first traded on November 25th, 2019. Neutrino USD’s total supply is 408,891,338 tokens and its circulating supply is 79,624,026 tokens. The official message board for Neutrino USD is medium.com/neutrinoteam. Neutrino USD’s official Twitter account is @neutrino_proto and its Facebook page is accessible here. The official website for Neutrino USD is neutrino.at.

According to CryptoCompare, “Neutrino is an algorithmic price-stable assetization protocol acting as an accessible DeFi toolkit. It enables the creation of stablecoins pegged to specific real-world assets, such as national currencies or commodities. Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. Leveraging the staking model of the Waves protocol’s underlying consensus algorithm, USDN staking yields a sustainable reward of up to ~ 15% APY. All operations involving USDN, such as issuance, collateralization, staking and reward payouts, are fully transparent and governed by a smart contract. Decentralized Forex (DeFo) is an extension on top of the Neutrino protocol that facilitates instant swaps of stable-price assets tied to popular national currencies, indices or commodities. Neutrino Token (NSBT) enables its holders to influence decisions concerning the Neutrino protocol, product and feature roadmap, as well as changes to governance parameters. It is a utility and governance token for the Neutrino system that is designed to ensure the stability of reserves on the Neutrino smart contract through the so-called mechanism of reserve recapitalization. The token is also used for protocol’s governance and supporting liquidity pools of Decentralized Forex. Telegram, Facebook”

Buying and Selling Neutrino USD

It is usually not currently possible to purchase alternative cryptocurrencies such as Neutrino USD directly using US dollars. Investors seeking to trade Neutrino USD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Neutrino USD using one of the exchanges listed above.

USDN/USD price chart by TradingView