How and where to buy Shen (SHEN) crypto coin
The Shen cryptocurrency is difficult to get, because of the shortage of trading platforms which list it. The two exchanges propose two pairs: 8DB269.../ADA and SHEN/USDT. More information, including price prediction, market cap and pairs is located above.
Where to buy Shen
Step 1You need an account with a cryptocurrency exchange that supports Shen. All of them listed on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Bitrue | 0.2 / 0.2 | HIGH | Yes | $56893 |
|
WingRiders | ?? / ?? | LOW | No | $11 |
Purchase or transfer with peer-to-peer trading one of this coins: USDT or ADA.
Step 3Open spot market on your exchange and type the token name in search form. Select from available trading pairs, then set order and push Buy SHEN button.
Congratulations!
By clicking buy, the Shen token will be available on your account on the trading platform. Please be advised that only transferring your coins from cryptocurrency exchange into secure hardware wallet, you can improve protection of your finances. Not only does this lower your risk if your exchange of choice gets cracked, but if you move to offline hardware wallet, your Shen becomes secure assets. The only con generally have to pay a small withdrawal fee to transfer your crypto from the trading platform.
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
Video Review
Djed and Shen Unique Mechanism Explained
Statistics and Externals
Concepts of hash algorithms doesn't apply in case of Shen coin.
Price and supply
The current total supply is 1000 billions, with a circulating supply of 0 SHEN as of Dec 2024. The Shen max amount of coins that will ever exist is 1000000000000.
The price of Shen coin is $1.3601 as of 04:12 AM. The price was raised on 0.9827% over the past 24 hours. The recent price action left the token's market capitalization at 0 USD. Over recent 30 days, the Shen coin increased on 2.25%.
FAQ
What crypto exchange can I buy Shen?
Shen coin can be purchased from two trading platforms. The list includes: Bitrue and WingRiders.
Is Shen crypto a good investment?
The Shen token is a risky asset that has strong probability to depreciate. Because of high volatility of all Blockchain world you should understand: learn the risks before you start trading, any cryptocurrency has a possibility price to crash to zero and unexpected changes in market can lead to sharp and sudden moves in price. But on the other hand of that it's possible to become rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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