About Neutrino Protocol Airdrop
Neutrino Protocol Airdrop is an algorithmic price-strong cryptocurrency protocol that permits for the advent of strong cash tied to a particular real-international asset, together with country wide foreign money or commodity, collateralized via way of means of WAVES token. Neutrino Protocol is represented via way of means of a fixed of 5 interacting clever contracts written withinside the programming language RIDE and deployed to Waves Protocol blockchain Neutrino Protocol is airdropping a complete of 10,000 NSBT tokens to WAVES holders on Binance and Huobi. Binance and Huobi customers who’ve at the least 10 WAVES are eligible to obtain the airdrop. The image may be taken on February 10, 2021, at UTC 00:00:00.
- About Neutrino Protocol Airdrop
- Plug-and-Play algorithmic finance
- Algorithmic stablecoin enabling sustainable DeFi
- Trade national currencies on a decentralized exchange
- Influence the Neutrino protocol’s development with NSBT token
- Your gate to Inter-chain DeFi
- Stablecoin Influence on the Reserve Token Price
- How does USDN staking work?
- Crypto-backed USD Neutrino
| Platform | Total Value | KYC | Website |
|---|---|---|---|
| Waves | 10,000 NSBT | KYC for users is NOT a requirement | Click Here To Visit |
Plug-and-Play algorithmic finance
Neutrino Protocol can provide a deflationary mechanism for DeFi-oriented blockchain platforms such as Ethereum, EOS, Cosmos, or Waves. This document describes a protocol implementation on the Waves Platform blockchain, which is a well-known example of a DeFi platform with staking functionality.
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.
Algorithmic stablecoin enabling sustainable DeFi
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.
Trade national currencies on a decentralized exchange
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.
Influence the Neutrino protocol’s development with NSBT token
Neutrino Token (NSBT) enables its holders to influence decisions concerning the Neutrino protocol, product and feature roadmap, as well as changes to governance parameters.
Your gate to Inter-chain DeFi
Neutrino Protocol Airdrop USD (USDN), a leading decentralized dollar-pegged stablecoin running on the Waves blockchain, is ported into the Ethereum network. USDN yields its holders a sustainable revenue of up to 15% APY via the underlying LPoS consensus algorithm.
Stablecoin Influence on the Reserve Token Price
ince the USDN token generation depends on the size of the reserves at the smart contract, the supply of Neutrinos grows along with the number of tokens in free circulation. Waves tokens leave the open market and become the reserves on the Neutrino smart contract. As the circulating supply falls with the growth of the USDN capitalization, this system makes the native WAVES token itself deflationary.
How does USDN staking work?
In the current implementation, all WAVES from the collateral are leased to a Neutrino node. Those WAVES tokens mined under the LPoS consensus algorithm are transferred back to the Neutrino smart contract and automatically converted to USDN tokens. Finally, those new Neutrino tokens are transferred to USDN stakers.
Crypto-backed USD Neutrino
Neutrino Protocol Airdrop Based on the assumption that the market price of the WAVES token is always higher than zero in relation to a reference asset (for example, the US dollar), some WAVES tokens can be locked in a smart contract’s account in the amount of X dollars, and X tokens of a USD-Neutrino stable token (USDN) tied to the US dollar price can be “minted”. When the market capitalizations of USDN and locked assets are equal, an equilibrium between market caps is achieved, where Neutrino market cap.
