Question 1

What is it?

Accepted Answer

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.

Question 2

What is used for?

Accepted Answer

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.


gwaNSBT	BEP20	BNB	0xadb688cc2d5a729d7e5ddecda8b63ed118f41ea4	2021-03-04
NSBT	ERC20	WAVES	6nSpVyNH7yM69eg446wrQR94ipbbcmZMU1ENPwanC97g	2020-03-03
NSBT	ERC20	ETH	0x9D79d5B61De59D882ce90125b18F74af650acB93	2020-09-08