Neutrino Index price
XTN
Neutrino Index to USD Chart
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Neutrino Index statistics
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Market cap
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Volume (24h)
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Volume/Market cap (24h)
- 0.13%
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Circulating supply
- 51,980,734 XTN
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Total supply
- 623,814,463 XTN
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Max. supply
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Fully diluted market cap
- $23,592,316
Rating · Based on 2 institutional ratings
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About Neutrino Index
What Is Neutrino Index (XTN)?
The Neutrino index is a decentralized financial (DeFi) platform based on the Waves blockchain. The platform rebranded its index token from USDN to XTN. Neutrino has two native tokens, XTN and NSBT.
XTN is an algorithmic crypto-collateralized indexcoin backed by three Waves Ecosystem tokens: WAVES, WX and VIRES. XTN's main function is to encourage user participation in the Neutrino by rewarding those who provide liquidity to the system.
The platform’s other token, NSBT (Neutrino System Base Token), is used for governance purposes: it allows users to make decisions about the future development of the Neutrino protocol, and it ensures the stability of collateral reserves on Neutrino’s smart contract.
New NSBT tokens are issued whenever a user locks WAVES tokens on a contract, which serves as additional backing and insures the system against a deficit. Holders can stake to earn on WAVES to XTN swap fees.