About Shen
## 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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Trading Insights
Searched
1
Market Stats
Market Cap
Not enough data
FDV
S$944.15B
Circ. Supply
Not enough data
Max Supply
1T SHEN
Total Supply
23M SHEN
Diluted Valuation
S$962.85B
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
S$1.60K
-72.71%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
S$2.08
Price Change (1Y)
48.92%
Additional info about Shen
Recent trends
The latest SHEN price is S$0.95. Compared to Shen's value of S$0.94 from 24 hours ago, there's been a 1% increase, while the current price is -3% down from S$0.98 which was recorded one week ago. Shen's all time high is S$2.08, which was reached on December 3, 2024. This is a -55% change from its price today.
The fully diluted valuation of Shen is S$944.15B. The diluted valuation of Shen is S$944.15B.
Market details
SHEN vs markets
↗ 12.49%
SHEN vs BTC
↘ 1.89%
SHEN vs ETH
↗ 120.13%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
ADA | 8db269c3ec630e06ae29f74bc39edd1f87c819f1056206e879a1cd615368656e4d6963726f555344 |
Price history
Time | Price | Change |
|---|---|---|
Today | S$0.95 | ↗ 1.28% |
1 Day | S$0.94 | ↗ 1.28% |
1 Week | S$0.98 | ↘ 2.60% |
1 Month | S$1.03 | ↘ 6.73% |
1 Year | S$0.67 | ↗ 48.92% |
FAQ
We update our Shen to SGD currency in real-time. Get the live price of Shen on Coinbase.
The current market cap of Shen is S$0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Shen is S$2.08. This all-time high is highest price paid for Shen since it was launched.
Over the last 24 hours, the trading volume of Shen is S$1.60K.
Assets that have a similar market cap to Shen include Kabosu Inu, Level Finance, LYFE, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Shen is 0.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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