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Convert Shen SHEN to Japanese Yen JPY

SHEN to JPY: 1 Shen converts to ¥100.29 JPY as of June 13 at 10:03 AM

Shen (SHEN) is not tradable on Coinbase.

Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more

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About Shen

Shen is falling this week. The current price of Shen is ¥100.29 per SHEN. With a circulating supply of 0 SHEN, it means that Shen has a total market cap of ¥0.00. The amount of Shen traded has fallen by -¥8,858 in the last 24 hours, which is a 99.65% decrease. Additionally, in the last day, ¥8,890 worth of SHEN has been traded.

The exchange rate of Shen is decreasing. The current value of 1 SHEN is ¥100.29 JPY. In other words, to buy 5 Shen, it would cost you ¥501.46 JPY. Inversely, ¥1 JPY would allow you to trade for 0.0100 SHEN while ¥50 JPY would convert to 0.50 SHEN, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 1.04%. Meanwhile, in the last 24 hours, the rate has changed by 7.37%, which means that the highest exchange rate of 1 SHEN to was ¥108.36 and the lowest 24 hour value was 1 SHEN for ¥98.71 . Last month, 1 SHEN was worth ¥132.64 . Today, it's down 22.37%. Looking back a year, Shen has changed by ¥70.69 . That means that in a single year, the value of Shen has grown by 54.98%.

Shen Market Stats

## 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.

¥100.29Current price
¥0.00Market cap
¥8.89KVolume (24h)
0 SHENCir. Supply

Frequently asked questions

How much is 1 Shen in JPY?

Right now, 1 Shen is worth about ¥100.29.

How much SHEN could I buy for 1 JPY?

Based on the current rate, you could get 0.01 SHEN for 1 JPY.

How much has the price of Shen changed?

Shen price has been declining. Since yesterday, the exchange rate of Shen has decreased. Since last month, the exchange rate of Shen has decreased. Since this time last year, the price of Shen has increased.

How do I calculate or convert SHEN to JPY?

You can use our SHEN to JPY calculator at the top of this page to convert any amount of SHEN to JPY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 JPY is equivalent to 0.0499 SHEN. Inversely, 5 SHEN will cost about ¥501.46

How can I buy 1 Shen on Coinbase?

Shen is not currently available through Coinbase, but you can sign up to get the latest news on Shen and be notified when it is available.

What are assets similar to Shen that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Shen, including MOBIX, Kabosu Inu, and Level Finance. For a more robust list of assets to explore, jump to the asset page dedicated to Shen.

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