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Neutrino USD (USDN) Review (6.83/10⭐)

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The Neutrino USD (USDN) protocol utilises an algorithm to maintain asset pricing, which makes it way more risky than asset backed stablecoins. Neutrino USD can develop stablecoins related to national currencies such as EUR, BRL, Rubel, Japanese Yen, commodities, and other monetary items. As an algorithmic stablecoin connected to the Waves blockchain, USDN is a not so popular, but rather a risky option. USDN, released at the end of 2019, is Waves' first and foremost stablecoin. According to Crypto Lists database of the world most traded coins and tokens, Neutrino USD is the eighth largest stablecoin, after Pax Dollar and TrueUSD. Our in-depth review below will give you everything you need to know about the Neutrino protocol.

6.83 rating

Visitor Consensus on Neutrino USD Today
Positive: 53.13%Negative: 46.87%
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›› Buy/Sell Neutrino USD here


Regarding investing, the Neutrino USD is a fantastic option. It offers stablecoins that are more stable and have a more stable value than alternatives, and its tokens may be traded for and exchanged with one another. The Neutrino protocol employs a more complex approach to yielding and reserve recapitalisation than the Ethereum blockchain. However, the protocol does not allow for recapitalisation and doesn’t have the potential for a fast growth rate. If you are looking for a highly profitable DeFi protocol, consider the Neutrino protocol seriously.


A Bit About Neutrino USD

The Neutrino USD is a stablecoin whose value is fixed to the US dollar and supported by a combination of cryptography and an algorithm. All USDN transactions are open and managed by a smart contract, including issuance, collateral, staking, and reward payouts. The Neutrino USD (USDN) is a stablecoin whose value is fixed to the US dollar and supported by a combination of cryptography and an algorithm. Sasha Ivanov launched the stable Neutrino protocol in 2019. It stands for Neutrino Dollar United States Digital Network. In 2019, Ventuary Lab, an early adopter of the WAVE platform, hosted the beta release of their cryptocurrency Neutrino protocol. Three months after its beta release, the decentralised application Neutrino USD has been widely utilised on the Waves Blockchain. Since the smart contract's inception, more than $5 million worth of Neutrino has been locked away.

Neutrino USD is a fairly risky algorithmic stablecoin, that can be pegged to national currencies or commodities.CryptoLists.com

The USDN token can be spent on the Waves protocol's Dice Roller, Waves.Exchange, Swop.fi, and other decentralised applications. Nuetrino protocol is used as a: Savings tool: Freezing Neutrino tokens is a great way to make money from mining passively. USDN is supposed to have no or at least very low volatility, so your savings won't vanish quickly. Unfortunately has repeated failures to keep the USD peg made it an very risky stablecoin. Trading tool: The Neutrino decentralised application (dApp) allows users to trade a stable value for any asset created using the Neutrino protocol. Traders stand to gain from any movement in the coin's market price. Payment tool: The Neutrino USD stablecoin issued by Neutrino is already being used in Waves Platform applications like DAO and WaveFlow for transactions.


Utility of Neutrino USD?

One of the most intriguing aspects of the Neutrino protocol is its ability to facilitate the production of stablecoins pegged to national currencies, commodities, and other real-world items with monetary value. As such, it can greatly affect the industry's uptake while still providing users with stable, decentralised cryptocurrencies for everyday needs.

When the bear market finally hits, people will no longer have to worry about making a move to cryptocurrency payments. Stablecoins remove a significant barrier to widespread crypto adoption since, unlike other cryptocurrencies, they are not subject to price fluctuations because other assets back them.

Neutrino USD Price details

ERC20 Contract address: 0x674C6Ad92Fd080e4004b2312b45f796a192D27a0
›› Details & Tokenomics

Advantages of Neutrino USD

+ USDN creates Waves Block incentives.
+ Neutrino tokens are currently fully convertible to and from multiple other tokens.
+ Some traders enjoy the volatility from Neutrino USD, and see shorting as an opportunity.
+ The USDN Reserve Recapitalisation Mechanism and the USDN governance support the NSBT token.
+ A smart contract in Neutrino protocol allows for the creation of USDN at a algorithmic dollar for real dollar rate.


- Repeated failures to keep the $1 peg. Many similar algorithmic stablecoins have failed.
- There is no transparency on several Neutrino projects.
- USDN does not have the potential to increase huge profits.
- Recapitalising USDN is impossible since there are not enough guaranteed incentives.
- Many newcomers are still in the dark; they must increase their advertising efforts.


▪ Rated at 8/10

Token holders on Ethereum can earn incentives by keeping the Neutrino protocol in their wallets. This new combination also paves the way for Ethereum programmers to incorporate protocol into distributed monetary applications.

Neutrino protocol is a payment token used in many forms of decentralised software, and its value is fixed at USD 1. Additionally, it is tradable on numerous exchanges. When staked, the token's value fluctuates by between 8% & 15% every year, as represented by the Waves symbol.


Reputation and Buzz

▪ Reputation rated at 4/10
▪ Buzz rated at 7/10

Analysts and specialists in cryptocurrency agree that Neutrino protocol has one of the highest risks among algorithmic stablecoins and might not be able to maintain its anything near the peg in the near future.

Keeping this in mind, it's important to realise that buying this cryptocurrency may be not always be a good idea. A stablecoin should be stable, and after four de-pegging episodes, where the last one is still not sorted out - makes USDN extremely risky.



Where can I Buy the Neutrino Protocol?

Kucoin, Waves Exchange, MeXC, PancakeSwap and Uniswap are some of the best places to purchase Neutrino USD right now, but there are many other cryptocurrencies exchanges where you may do so.

What is Staking, and How do you Earn from Staking?

Neutrino nodes lease all WAVES from collateral. Neutrino's smart contract converts LPoS-mined WAVES tokens into USDN upon return. After token generation, Neutrino USD holders receive Neutrino tokens. It works at the moment, but multiple de-peggings and many other failed algorithmic stablecoin projects means that there are probably many less risky tokens to own for staking.

Earnings in Neutrino USD depend on the date staking began, the fraction of staked USDN to total Neutrino protocol supply, and WAVES market capitalisation.

Is Neutrino a Good Investment?

USDN is a very risky investment and changes are probably coming to the world within short. When new regulation comes, the risk is that Neutrino protocol and other algorithmic stablecoins will be banned and the value might go towards zero. While Neutrino USD currently offer high staking yields, just like Terra USD used to do - please beware of the high risks associated with the investment.

›› Trade Neutrino USD here›› Buy/Sell Neutrino USD here

Screenshots from Neutrino USD

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More sites where to buy/sell/trade Neutrino USD

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.

Neutrino USD details and tokenomics

Neutrino USD Ticker: USDN
ERC20 Contract address: 0x674C6Ad92Fd080e4004b2312b45f796a192D27a0
BEP20 Contract address: 0x03ab98f5dc94996f8c33e15cd4468794d12d41f9
WAVES Contract address: DG2xFkPdDwKUoBkzGAhQtLpSGzfXLiCYPEzeKH2Ad24p
Type of crypto: ethereum-token
Circulating supply: 685,235,784
Max supply: 685,236,388
Resources & Social media
🔗Blockchain URL: https://etherscan.io

Other tokens or coins to check out

Since you are interested in Neutrino USD, you may also want to check out the coin(s) or token(s) below?
Neutrino USD Newsflash
    USDN, the Waves Backed Stablecoin Breaks Peg & Come BackUSDN, the Waves Backed Stablecoin Breaks Peg & Come Back
    Monday, 29 Aug 2022 3:42 am
    You probably heard about quite a few problems related to algorithmic stablecoins, and USDN is the latest to face repeated de-pegging issues. On the 26th of August, the Waves backed stablecoin called Neutrino Dollar (USDN) traded at 0.90 USD instead of 1 USD, Three times earlier this year, in March, April and in May - USDN was breaking the peg to USD. The latest de-peg came after implementing a new algorithm behind the stablecoin. Crypto Lists anticipate that this will be an eye opener for some investors, that will move away from both the Waves blockchain and...
    Read the full newsflash

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