Convert Shen SHEN to Singapore Dollar SGD
SHEN to SGD: 1 Shen converts to S$1.17 SGD as of July 17 at 7:15 PM
Shen (SHEN) is not tradable on Coinbase.
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About Shen
Shen is climbing this week. The current price of Shen is S$1.17 per SHEN. With a circulating supply of 0 SHEN, it means that Shen has a total market cap of S$0.00. The amount of Shen traded has risen by S$9,659.22 in the last 24 hours, which is a 21.86% increase. Additionally, in the last day, S$44,188.88 worth of SHEN has been traded.
The exchange rate of Shen is increasing. The current value of 1 SHEN is S$1.17 SGD. In other words, to buy 5 Shen, it would cost you S$5.86 SGD. Inversely, S$1.00 SGD would allow you to trade for 0.85 SHEN while S$50.00 SGD would convert to 42.67 SHEN, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 31.14%. Meanwhile, in the last 24 hours, the rate has changed by 7.41%, which means that the highest exchange rate of 1 SHEN to SGD was S$1.19 SGD and the lowest 24 hour value was 1 SHEN for S$1.08 SGD. Last month, 1 SHEN was worth S$0.86 SGD. Today, it's up 36.93%. Looking back a year, Shen has changed by S$0.63 SGD. That means that in a single year, the value of Shen has grown by 94.64%.
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.
Conversion tables
SHEN to SGD values from Today at 7:15 pm
0.5 SHEN = S$0.59 SGD |
1 SHEN = S$1.17 SGD |
5 SHEN = S$5.86 SGD |
10 SHEN = S$11.72 SGD |
50 SHEN = S$58.59 SGD |
100 SHEN = S$117.18 SGD |
500 SHEN = S$585.89 SGD |
1,000 SHEN = S$1,171.79 SGD |
SGD to SHEN values from Today at 7:16 pm
S$0.50 SGD = 0.43 SHEN |
S$1.00 SGD = 0.85 SHEN |
S$5.00 SGD = 4.27 SHEN |
S$10.00 SGD = 8.53 SHEN |
S$50.00 SGD = 42.67 SHEN |
S$100.00 SGD = 85.34 SHEN |
S$500.00 SGD = 426.70 SHEN |
S$1,000.00 SGD = 853.40 SHEN |
SHEN to SGD over time
SHEN | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 SHEN | S$0.59 SGD | S$0.54 SGD | S$0.43 SGD | S$0.31 SGD |
1 SHEN | S$1.17 SGD | S$1.09 SGD | S$0.86 SGD | S$0.63 SGD |
5 SHEN | S$5.86 SGD | S$5.44 SGD | S$4.28 SGD | S$3.15 SGD |
10 SHEN | S$11.72 SGD | S$10.89 SGD | S$8.56 SGD | S$6.29 SGD |
50 SHEN | S$58.59 SGD | S$54.44 SGD | S$42.80 SGD | S$31.45 SGD |
100 SHEN | S$117.18 SGD | S$108.88 SGD | S$85.61 SGD | S$62.91 SGD |
500 SHEN | S$585.89 SGD | S$544.39 SGD | S$428.03 SGD | S$314.55 SGD |
1,000 SHEN | S$1,171.79 SGD | S$1,088.77 SGD | S$856.06 SGD | S$629.10 SGD |
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