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Summary of Neutrino Index (XTN)
Key Points
- Neutrino Index is a decentralized financial (DeFi) platform on the Waves blockchain.
- It has two native tokens: XTN (algorithmic crypto-collateralized indexcoin) and NSBT (Neutrino System Base Token).
- XTN is backed by three Waves Ecosystem tokens: WAVES, WX, and VIRES.
- NSBT is used for governance and ensures collateral reserve stability.
- New NSBT tokens are issued when users lock WAVES tokens on a contract.
- Neutrino enables the creation of an index backed by a collection of cryptocurrencies in the Waves ecosystem.
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Introducing Neutrino Index: A Revolutionary Approach to Cryptocurrency Performance Tracking
Introducing Neutrino Index (XTN): A Comprehensive Overview
The Neutrino index is a decentralized financial (DeFi) platform built upon the Waves blockchain, offering a robust ecosystem for users. Notably, the platform has undergone a rebranding of its index token, transitioning from USDN to XTN. Furthermore, Neutrino boasts two native tokens, namely XTN and NSBT, which play pivotal roles within the platform’s architecture.
XTN is an innovative, algorithmic crypto-collateralized indexcoin, securely backed by a trio of Waves Ecosystem tokens: WAVES, WX, and VIRES. The primary function of XTN is to incentivize user participation within the Neutrino ecosystem, rewarding those who contribute valuable liquidity to the system.
The platform’s other token, NSBT (Neutrino System Base Token), serves as a governance token, empowering users to shape the future development trajectory of the Neutrino protocol, while also ensuring the stability of collateral reserves within Neutrino’s smart contract architecture.
New NSBT tokens are minted whenever a user locks WAVES tokens in a contract, thereby providing supplementary collateral and safeguarding the system against potential deficits. By staking, holders can earn a yield on WAVES to XTN swap fees.
Unveiling the Unparalleled Neutrino Index
Neutrino empowers the creation of a diversified index, underpinned by a curated portfolio of cryptocurrencies, seamlessly integrated within the Waves ecosystem.
Furthermore, the visionary team behind Neutrino has successfully developed a decentralized exchange (DEX) dubbed Neutrino Swap, which empowers users to seamlessly exchange cryptocurrencies in a trustless, decentralized environment, unhindered by the need for a central intermediary.
The Visionaries Behind Neutrino Index (XTN): Meet the Founders
Neutrino was conceived by the visionary Alexander Ivanov, also known as Sasha Ivanov, a renowned figure in the blockchain sphere. Notably, he is also the mastermind behind the Waves Platform, a multifaceted blockchain ecosystem that seamlessly supports a diverse range of use cases, including decentralized applications (DApps) and smart contracts.
The Circulating Supply of XTN Coins: A Closer Look
As of June 2023, the circulating supply of XTN stands at 51,980,734.06, with a total supply of 623,814,463.63 XTN units in existence.
The Neutrino Index Network’s Robust Security Framework
Neutrino is built upon the Waves blockchain, which is fortified by WavesNG, a modified proof-of-stake algorithm. This innovative technology is rooted in Bitcoin-NG, a scaling proposal conceived by Emin Gün Sirer, a renowned Bitcoin advocate, Cornell University developer, and founder and CEO of Ava Labs.
XTN Acquisition Channels: A Comprehensive Overview
XTN is now accessible for acquisition on prominent cryptocurrency exchanges, notably WX.Network and Swop.fi.
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