About POINTS and SHEN
Points is falling, while Shen is climbing this week. The current POINTS to SHEN conversion rate is 0.001196. Inversely, this means that if you convert 1 SHEN you will get 836.12 POINTS. The conversion rate of POINTS/SHEN has increased by 0.26% in the last hour (SHEN/POINTS decreased by 0.26%). In the last 24 hours, POINTS/SHEN shrunk by 1.35%, while SHEN/POINTS grew by the same amount.
The exchange rate of Points is decreasing. The current value of 1 POINTS is 0.001196 SHEN. In other words, to buy 5 Points, it would cost you 0.00598 SHEN. Inversely, 1 SHEN would allow you to trade for 836.12 POINTS while 50 SHEN would convert to 41,806.14 POINTS, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 5.09%. Meanwhile, in the last 24 hours, the rate has changed by 1.56%, and that the highest exchange rate of 1 POINTS to SHEN was 0.001234 SHEN and the lowest 24 hour value was 1 POINTS for 0.001182 SHEN. Last month, 1 POINTS was worth 0.001243 SHEN. Today, it's down 3.94%. Looking back a year, Points has changed by 0.0003575 SHEN. That means that in a single year, the value of Points has grown by 70.11%.
Points Market Stats
Memecoin of this cycle, no website
Shen Market Stats
## What are Reserve Coins? In simple terms, Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio. Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below. ## What is Shen (SHEN)? Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity. During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately. By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.
Conversion tables
POINTS to SHEN values from Today at 10:08 pm
0.5 POINTS = 0.000598 SHEN |
1 POINTS = 0.001196 SHEN |
5 POINTS = 0.00598 SHEN |
10 POINTS = 0.01196 SHEN |
50 POINTS = 0.0598 SHEN |
100 POINTS = 0.1196 SHEN |
500 POINTS = 0.598 SHEN |
1,000 POINTS = 1.20 SHEN |
SHEN to POINTS values from Today at 10:07 pm
0.5 SHEN = 418.06 POINTS |
1 SHEN = 836.12 POINTS |
5 SHEN = 4,180.61 POINTS |
10 SHEN = 8,361.23 POINTS |
50 SHEN = 41,806.14 POINTS |
100 SHEN = 83,612.29 POINTS |
500 SHEN = 418,061.43 POINTS |
1,000 SHEN = 836,122.86 POINTS |
POINTS to SHEN over time
POINTS | Today | 24H -1.56% | 1M -3.94% | 1Y 70.11% |
|---|---|---|---|---|
0.5 POINTS | 0.000598 SHEN | 0.0006073 SHEN | 0.0006216 SHEN | 0.0001787 SHEN |
1 POINTS | 0.001196 SHEN | 0.001215 SHEN | 0.001243 SHEN | 0.0003575 SHEN |
5 POINTS | 0.00598 SHEN | 0.006073 SHEN | 0.006216 SHEN | 0.001787 SHEN |
10 POINTS | 0.01196 SHEN | 0.01215 SHEN | 0.01243 SHEN | 0.003575 SHEN |
50 POINTS | 0.0598 SHEN | 0.06073 SHEN | 0.06216 SHEN | 0.01787 SHEN |
100 POINTS | 0.1196 SHEN | 0.1215 SHEN | 0.1243 SHEN | 0.03575 SHEN |
500 POINTS | 0.598 SHEN | 0.6073 SHEN | 0.6216 SHEN | 0.1787 SHEN |
1,000 POINTS | 1.20 SHEN | 1.21 SHEN | 1.24 SHEN | 0.3575 SHEN |
Frequently asked questions
Right now, 1 Points is worth about ₹0.008016.
Based on the current rate, you could get 124.75 POINTS for 1 INR.
You can use our POINTS to INR calculator at the top of this page to convert any amount of POINTS to INR. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 INR is equivalent to 623.74 POINTS. Inversely, 5 POINTS will cost about ₹0.04008
Points can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Points.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.