Neutrino USD USD

Ticker

USDN-USD

Price

USD 0.29

Change Today

+0.02 / 7.413 %

Price 1 year ago

0.98 / -70.325 %

Market Capitalization

642,615,168.00

52 Week Low

0.24

52 Week High

1.00

200 Day Moving Average 0.81

0.81

50-day Moving Average

0.40

Price evolution


Historic yearly returns


Peers Returns / Volatility

Profile

Information

WENWEN Protocol takes inspiration from the central bank model in the real financial world. It attempts to design a protocol that stabilizes the stablecoin's peg rate through open market operations (market-making) via a simple and effective "algorithm-central bank model. The WENWEN Protocol integrates the central bank model with a variety of innovations, including the protocol-controlled value (PCV), dual token system, and multi-stablecoin pairs. PCV: Utilizing the central bank model does not imply centralization. Instead, the protocol's smart contracts control all funds raised in the vault during the genesis period, including the initial tokens issued. The Protocol Controlled Value (PCV) is only used to add liquidity and stabilize the price, which cannot be taken out of the vault. Dual token system: WENWEN Protocol will issue WENWEN stablecoins pegged to different fiat currencies for users' convenience. Currently, the protocol has issued three stablecoins, namely the USDN, JPYN, and EURN, which are pegged to the US dollar, Yen, and Euro, respectively. Over time, more currency pairs will be issued depending on the community demand. Variety of stablecoins: In addition to the stablecoins, WENWEN Protocol has also issued a governance token, SHAREN, which is the non-stable token in the protocol. The WENWEN stablecoins have similar characteristics to convertible bonds, while SHAREN has identical attributes to convertible shares. Holders of the tokens can claim pro-rata rewards. For example, if the USDN price is higher than $1, holders of the SHAREN will receive USDN rewards. If the USDN price is less than $1, holders of the USDN will receive SHAREN rewards. Therefore, the reward mechanism will also create additional arbitrage opportunities, where users can choose which tokens to trade and hold based on the price deviation. Thereby this mechanism also promotes the stability of the stablecoin's price. The ultimate goal of the WENWEN Protocol is to provide a highly scalable, decentralized algorithmic currency without collateral.


Technical paper


Exchanges

BITTREX HITBTC

Tags

Correlation

Company Name Correlation
FTM-USD Fantom USD -0.32
DASH-USD Dash USD -0.31
MANA-USD Decentraland USD -0.29
DYDX-USD dYdX USD -0.24
AXS-USD Axie Infinity USD -0.23
CRV-USD Curve DAO Token USD -0.20
GALA-USD Gala USD -0.19
HOOK-USD Hooked Protocol USD -0.15
BTC-USD Bitcoin USD -0.15
LTC-USD Litecoin USD -0.15
ATOM-USD Cosmos USD -0.12
EOS-USD EOS USD -0.09
AVAX-USD Avalanche USD -0.09
FLR-USD FLARE USD -0.08
ETH-USD Ethereum USD -0.07
FIL-USD Filecoin USD -0.06
DOT-USD Polkadot USD -0.06
ADA-USD Cardano USD -0.05
AAVE-USD Aave USD -0.05
LUNC-USD Terra Classic USD -0.03
FTT-USD FTX Token USD -0.02
BLUR-USD Blur USD -0.01
BCH-USD Bitcoin Cash USD 0.01
ALGO-USD Algorand USD 0.03
BNB-USD BNB USD 0.05
ETC-USD Ethereum Classic USD 0.07
DOGE-USD Dogecoin USD 0.12
CHZ-USD Chiliz USD 0.13
LINK-USD Chainlink USD 0.13

Social

News

Indicators

Glossary
Momentum
A technical indicator that measures the rate of change in price movements over a specific period. It indicates the strength or weakness of a price trend.
Assessment: A positive momentum value generally indicates a good trend, while a negative value suggests a weak or downward trend.
Inertia
In trading, inertia refers to the tendency of prices to continue moving in their current direction. It suggests that an asset's price will likely maintain its current trend.
Assessment: A higher inertia value is generally considered good, as it indicates a strong and sustained price trend.
Relative Strength Index (RSI)
A momentum oscillator that measures the speed and change of price movements. It helps identify overbought or oversold conditions in an asset.
Assessment: An RSI value above 70 is typically considered overbought and may suggest a potential reversal or correction. Conversely, an RSI value below 30 is often considered oversold, indicating a possible upward price correction.
Fibonacci's Weighted Moving Average
A technical indicator that assigns different weights to recent data points, giving more significance to recent prices. It helps smooth out price fluctuations and identify trend reversals.
Assessment: The interpretation of the Fibonacci's Weighted Moving Average value depends on its comparison to other moving averages or trendlines. A value above 50 may indicate an uptrend, while a value below 50 may suggest a downtrend.
Williams %R
A momentum indicator that measures overbought or oversold conditions in an asset. It shows the relationship of the current closing price to the high-low range over a specified period.
Assessment: Williams %R values above -20 are typically considered overbought and may indicate a potential price reversal. Values below -80 are often viewed as oversold, suggesting a potential price bounce.
Relative Volatility Index (RVI)
A technical indicator that measures the volatility of a security by comparing the magnitude of recent price movements to the magnitude of average price changes. It helps identify periods of high or low volatility.
Assessment: A higher RVI value suggests higher volatility, which can provide trading opportunities but also carries increased risk.
Commodity Channel Index (CCI)
A versatile indicator that measures the current price level relative to an average price level over a given period. It helps identify overbought or oversold conditions and potential trend reversals.
Assessment: CCI values above 100 are often considered overbought, indicating a potential price correction or reversal. Values below -100 are typically viewed as oversold, suggesting a potential price rebound.