Neutrino USD (USDN) Trading Down 42% This Week

Neutrino USD (USDN) traded down 7.9% against the U.S. dollar during the 24 hour period ending at 18:00 PM Eastern on March 18th. One Neutrino USD token can currently be purchased for about $0.0528 or 0.00000194 BTC on major cryptocurrency exchanges. Neutrino USD has a market capitalization of $32.97 million and approximately $181,598.07 worth of Neutrino USD was traded on exchanges in the last day. Over the last week, Neutrino USD has traded 42% lower against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded down 1% against the dollar and now trades at $0.43 or 0.00001563 BTC.
• Aidi Finance (BSC) (AIDI) traded 1.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded up 0.4% against the dollar and now trades at $0.0676 or 0.00000248 BTC.
• CareCoin (CARES) traded 0.4% higher against the dollar and now trades at $0.0839 or 0.00000308 BTC.
• OmniaVerse (OMNIA) traded up 22.3% against the dollar and now trades at $0.0011 or 0.00000004 BTC.
• Kitty Inu (KITTY) traded up 0.4% against the dollar and now trades at $100.35 or 0.00368039 BTC.
• FEG Token (FEG) traded 0.4% higher against the dollar and now trades at $0.0008 or 0.00000003 BTC.
• Hokkaidu Inu (HOKK) traded 1% higher against the dollar and now trades at $0.0007 or 0.00000002 BTC.
• QANplatform (QANX) traded 0.4% higher against the dollar and now trades at $7,293.90 or 0.26750364 BTC.
• Lego Coin (LEGO) traded up 27.5% against the dollar and now trades at $0.0179 or 0.00000066 BTC.

About Neutrino USD

Neutrino USD’s genesis date was November 25th, 2019. Neutrino USD’s total supply is 623,814,463 tokens and its circulating supply is 623,814,462 tokens. Neutrino USD’s official Twitter account is @neutrino_proto and its Facebook page is accessible here. Neutrino USD’s official message board is medium.com/neutrinoteam. The official website for Neutrino USD is neutrino.at.

According to CryptoCompare, “Neutrino is an algorithmic price-stable assetization protocol acting as an accessible DeFi toolkit. It enables the creation of stablecoins pegged to specific real-world assets, such as national currencies or commodities.Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. Leveraging the staking model of the Waves protocol’s underlying consensus algorithm, USDN staking yields a sustainable reward of up to ~ 15% APY. All operations involving USDN, such as issuance, collateralization, staking and reward payouts, are fully transparent and governed by a smart contract. Decentralized Forex (DeFo) is an extension on top of the Neutrino protocol that facilitates instant swaps of stable-price assets tied to popular national currencies, indices or commodities.Neutrino Token (NSBT) enables its holders to influence decisions concerning the Neutrino protocol, product and feature roadmap, as well as changes to governance parameters. It is a utility and governance token for the Neutrino system that is designed to ensure the stability of reserves on the Neutrino smart contract through the so-called mechanism of reserve recapitalization. The token is also used for protocol’s governance and supporting liquidity pools of Decentralized Forex.”

Buying and Selling Neutrino USD

It is usually not currently possible to purchase alternative cryptocurrencies such as Neutrino USD directly using U.S. dollars. Investors seeking to trade Neutrino USD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Neutrino USD using one of the exchanges listed above.

USDN/USD price chart by TradingView