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home CoinsSHEN

SHEN
Shen

Mkt Cap

$0.00

24H Volume

$6,397.41

FDV

$425.04B

Circ Supply

0.00

Total Supply

SHEN Fundamentals

Max Supply

7D High

$0.6958

7D Low

$0.3429

24H High

$0.6041

24H Low

$0.4115

All-Time High

$1.63

All-Time Low

$0.2255

SHEN Prices

SHEN / USD

$0.4253

SHEN / EUR

€0.3646

SHEN / GBP

£0.3188

SHEN / CAD

CA$0.5943

SHEN / AUD

A$0.6438

SHEN / INR

₹38.23

SHEN / NGN

NGN 615.93

SHEN / NZD

NZ$0.7379

SHEN / PHP

₱25.12

SHEN / SGD

SGD 0.5511

SHEN / ZAR

ZAR 7.22

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press releases

Ethereum ETF Mania Spreads to Asia — SOL, DOT, and LINK Highlighted as the 5 Best Altcoins to Buy This Week

Ethereum ETF mania is on the rise in Asia, which has reignited hope in global crypto markets. Hong Kong, Japan, […] The post Ethereum ETF Mania Spreads to Asia — SOL, DOT, and LINK Highlighted as the 5 Best Altcoins to Buy This Week appeared first on Coindoo.

Coindoo·1mo ago

More News

Bitmine Amasses $281M in ETH, Sparking Price Surge

Ethereum targets $7,000 by Q4 as Bitmine accumulates $281M in ETH. Read original article on aicryptocore.com

AI Crypto Core·2mo ago

Huobi Founder Launches $1 Billion Ethereum Trust

Li Lin, founder of Huobi, partners with influential Asian investors to launch a billion-dollar Ethereum trust. Supported by major names in Asian investment, the project aims to structure the accumulation of ETH within a regulated framework. While attention remains focused on Bitc...

Cointribune·2mo ago

Huobi Founder Li Lin Launches $1 Billion Ether Fund

Huobi founder Li Lin spearheads a $1 billion Ethereum treasury firm, backed by top Asian investors. Read original article on marketbit.io

MarketBit·2mo ago

Huobi Founder Li Lin Leads $1 Billion Ethereum Trust Targeting Institutional Market Expansion

Li Lin is leading a one billion dollar Ether trust backed by top early Ethereum investors. The trust may buy a Nasdaq company to meet rules and attract large investors. Institutions are increasing their Ether holdings through new and safer investment options. Li Lin, the founder ...

CryptoNewsLand·2mo ago

Chinese Exchange Founder Announces $1 Billion Ethereum (ETH) Investment

Huobi founder Li Lin has made a new announcement regarding Ethereum (ETH) involving a $1 billion purchase. Continue Reading: Chinese Exchange Founder Announces $1 Billion Ethereum (ETH) Investment

Bitcoin Sistemi·2mo ago

Huobi Founder Li Lin Initiates $1B Ethereum Fund

Huobi founder Li Lin launches $1 billion Ethereum initiative with institutional backing in Asia. Read original article on bitcoininfonews.com

Bitcoin Info News·2mo ago

Huobi Founder Li Lin Leads $1 Billion Ether Initiative

Huobi Founder Li Lin spearheads $1 billion Ether trust, aligning with Asia's notable crypto figures. Read original article on marketbit.io

MarketBit·2mo ago

Huobi founder raises $1B as part of Ether trust strategy: Report

The Ether trust project, pioneered by Huobi founder Leon Li Lin, reportedly raised $1 billion from supporters of the second-largest token by market capitalization.

Cointelegraph.com News·2mo ago

Huobi founder Li Lin to launch $1b ETH treasury firm: report

Li Lin, the founder of crypto exchange Huobi, has set his sights on a $1 billion ETH treasury, a move that could make the initiative one of the largest accumulators of the cryptocurrency. Lin, who is also the chairman of…

crypto.news·2mo ago

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Measures the number of unique accounts posting on a stream relative to the number of total messages on that stream.

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About## 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.

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