SHEN

SHEN Shen

Price of 1 Shen today (22 November)

$ 1.03

14.54%

Price Min/Max

24 hrs

$ 0.89

$ 1.03

30 days

$ 0.33

$ 1.03

1 year

$ 0.29

$ 1.03

Market Cap

‒

#5966

Trading Volume, 24h

$ 69,996

-18.47%

Supply token

‒ 0%

Max Supply

1,000,000,000,000

Price of Shen (SHEN)

Today Shen (SHEN) is traded on 4 crypto exchanges, including Minswap, WingRiders, Bitrue, Sundaeswap and others. The maximum trading volume is observed for the trading pair SHEN/ADA and reaches 78.4 ths. dollars (100% of the total volume across all exchanges). During the week, the minimum price for Shen (SHEN) is fixed on Sunday at 0.84 cents. Currently, the token Shen is trading in the range of 1.03 dollar or 104.36 ruble for 1 SHEN.

Exchanges where SHEN is traded

	Exchange	Pair	Price	Volume, 24h
1	Minswap	SHEN/ADA	$ 1.02 ₳ 1.1693	$ 48,367	Go
2	WingRiders	SHEN/ADA	$ 0.95 ₳ 1.1576	$ 30,038	Go
3	Bitrue	SHEN/USDT	$ 0.1 ₮ 0.1000	$ 4	Go
4	Sundaeswap	SHEN/CARDANO	$ 0.92 CARDANO 1.2474	$ 4	Go

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Calculator SHEN

SHEN

USDT

1 SHEN = 1.03 USD

Full version

What is 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.

How to add Shen to Metamask?

To add SHEN to the metamask you need:

In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
Copy the smart contract address for Shen from the list below.
Paste into the "Smart Contract Address" field.
Click the "Add Custom Token" button.

The SHEN is available on the 1 blockchain networks. Below is a list of Shen smartcontract addresses to add to the metamask: