| General information | |
|---|---|
| Global rank: | 2073 |
| Name: |
Neutrino System Base Token |
| Symbol: | NSBT |
| Current coin price (QAR): | 0.480 ﷼ |
| Last hour: | arrow_downward-3.79 % |
| Last 24 hours: | arrow_downward-10.52 % |
| Last 7 days: | -13.26 %trending_down |
| Capitalisation (QAR): | 1 360 008.51 ﷼ |
| Volume 24h (QAR): | 277.30 ﷼ |
| Available supply: | 2 834 678.00 NSBT |
| Total coin supply: | -1 NSBT |
| Start date: | 2020-03-03 |
Neutrino System Base Token/Qatari Rial (NSBT/QAR) price chart
Neutrino System Base Token/Qatari Rial (NSBT/QAR) capitalisation and volume charts
The Neutrino Token (NSBT) operates as a specialized cryptocurrency within the Neutrino ecosystem, dedicated to the establishment and application of stablecoins secured by real-world assets. NSBT stands out for its role in fortifying the security and consistency of the stablecoin framework, functioning not only as a conduit for decentralized governance but also as a platform for stakeholders to engage in vital ecosystem management decisions. Furthermore, NSBT is crucial to the stabilization strategy that ensures Neutrino's stablecoins remain consistently pegged to their foundational assets, particularly as it can be auctioned to investors in critical moments to enhance the system's collateral pool, thereby preserving stablecoin stability. Unique among cryptocurrencies, NSBT is characterized by its deflationary nature, intentionally structured to reduce its circulating volume through the deliberate burning or removal of tokens amid the stablecoin stabilization phases, engendering a context of potential demand surge prompted by the ensuing scarcity.
Within the Neutrino ecosystem, NSBT holds multifaceted responsibilities, primarily granting its holders the privilege to engage in the platform's governance. This active participation allows them to vote on crucial decisions, ranging from the introduction of new stablecoins, strategic stability interventions, to alterations in system configurations. In situations where unstable market conditions jeopardize the consistent value of stablecoins, NSBT tokens are instrumental in reasserting balance. Stakeholders in NSBT are further incentivized through the staking process, where they're rewarded with gNSBT, opening up a host of benefits. Not only does this enable the buying and selling of XTN, but it also entitles them to a democratic stake in community voting processes and a portion of the rewards drawn from protocol fees, these fees are aggregated from the broader user base conducting issuing or burning transactions.