Neutrino System Base Token update: NSBT Live price, price chart, news and markets

The NSBT price update as of now is $0.09603. In the previous 24 hours, its trading volume was $1,792, and its value has decreased by -0.62%. As of now, NSBT's live market cap is $272,227, and it is ranked as the #7118 on the Coincu. NSBT has a circulating supply of 2,835,679 and a maximum supply of 2,835,679.

Introduction to Neutrino System Base Token

The concept of Neutrinos and the Neutrino System Base Token is essential in understanding the world of algorithmically competitive price stablecoins that enable the creation of stablecoins tied to real-world cryptocurrencies or assets. The Neutrino system, built on the Waves blockchain, comprises three main tokens: WAVES, USDN, and NSBT.

• WAVES: This token serves as the core token of the Waves network and facilitates payment of transaction fees. It also acts as collateral for USDN, the stablecoin of the Neutrino system.
• USDN: As a stablecoin pegged to the USD, USDN serves as collateral for other Neutrino stable assets.
• NSBT: NSBT is a governance and refinancing token within the Neutrino protocol. Its primary aim is to ensure the stability of USDN collateral reserves.

The Neutrino stablecoins replicate their real-world counterparts. For example, EURN is pegged to the Euro in a 1-1 ratio. These stablecoins utilize the consensus algorithm of the Waves blockchain, allowing users to stake and earn rewards.

In addition to the Waves blockchain, USDN and NSBT tokens are also accessible in the Ethereum and Binance Smart Contract ecosystems.

Key Elements of the Neutrino Protocol

The Neutrino protocol comprises five interconnected components, both on-chain and off-chain, that interact through Smart Contracts.

Participant

Any individual with a Waves account, usually managed through Waves Keeper and Waves Signer extensions, can actively engage with the Neutrino protocol.

Market Data Providers

Market Data Providers are predefined accounts responsible for supplying market price data from a range of sources to the blockchain.

Automated Trading Bots

Automated Trading Bots, also known as Pacemaker Oracles, are Waves accounts that initiate trades and handle complex calculations within the Neutrino system.

Waves Full Node

A Waves Full Node operates through the Leased Proof of Stake algorithm within the peer-to-peer blockchain network. It accumulates and distributes block rewards for the Neutrino dApp. A list of Nodes can be found at dev.pywaves.org.

Emergency Measure Account

The Emergency Measure Account, chosen by the community, possesses special privileges to suspend the protocol's operation in the event of a malicious attack on the Smart Contract infrastructure.

Updating the Neutrino System Base Token Roadmap

Stay tuned for forthcoming updates on the Neutrino System Base Token roadmap.