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About GYEN(GYEN)
What is GYEN?
GYEN is a stablecoin that aims to bridge the gap between traditional finance and the blockchain world. It is issued by GMO-Z.com Trust Company, a subsidiary of the GMO Internet Group from Japan, and is pegged 1:1 to the Japanese Yen. GYEN is an ERC-20 cryptographic token that combines the stability of the Japanese Yen with the potential efficiency of a digital asset, all while being strictly regulated by US authorities. As an ERC-20 compliant token, GYEN can be easily transferred on the Ethereum network.
How does GYEN Work?
GYEN is a digital asset that operates on the Ethereum blockchain, utilizing the ERC-20 protocol. It is generated upon withdrawal from GMO Trust's platform and destroyed upon deposit into the platform. The total amount in circulation is publicly visible on the Ethereum blockchain. To ensure its solvency, GMO Trust has enlisted an independent registered public accounting firm to examine and attest to the underlying currency reserves, issuing a publicly available attestation report on a monthly basis.
GYEN has several use cases in the digital asset ecosystem. In the short term, it can be utilized for volatility hedging, payment for other digital assets, fiat equivalent for trading, and clearing/settlement. It also aims to provide another option in the market. In the long term, GYEN seeks to be used for cross-border remittance, money transfers, DApp ecosystem, banking the unbanked, and exchanges and decentralized finance. These use cases aim to leverage the stability, transparency, and efficiency of GYEN.
GYEN to local currency
Crypto calculator- 1 GYEN to USD$0.01
- 1 GYEN to JPY0.0063730106
- 1 GYEN to VND0.0063730106
- 1 GYEN to RUB0.0063730106
- 1 GYEN to EUR (Español)0.0063730106
- 1 GYEN to TRY0.0063730106
- 1 GYEN to EUR (Italiano)0.0063730106
- 1 GYEN to EUR (Français)0.0063730106
- 1 GYEN to EUR (Deutsch)0.0063730106
- 1 GYEN to CNY0.0063730106
- 1 GYEN to TWD0.0063730106
- 1 GYEN to EUR (Português)0.0063730106
- 1 GYEN to IDR0.0063730106
- 1 GYEN to THB0.0063730106
- 1 GYEN to PLN0.0063730106
- 1 GYEN to UAH0.0063730106
- 1 GYEN to UZS0.0063730106
- 1 GYEN to SAR0.0063730106
- 1 GYEN to PHP0.0063730106
Trade GYEN perpetual futures
After having successfully signed up on Bitget and purchased USDT or GYEN tokens, you can start trading derivatives, including GYEN futures and margin trading to increase your income.
The current price of GYEN is $0.006373, with a 24h price change of -0.25%. Traders can profit by either going long or short onGYEN futures.
Join GYEN copy trading by following elite traders.
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GYEN Social Data
In the last 24 hours, the social media sentiment score for GYEN was 3, and the social media sentiment towards GYEN price trend was Bullish. The overall GYEN social media score was 0, which ranks 1161 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with GYEN being mentioned with a frequency ratio of 0%, ranking 1026 among all cryptocurrencies.
In the last 24 hours, there were a total of 11 unique users discussing GYEN, with a total of GYEN mentions of 2. However, compared to the previous 24-hour period, the number of unique users increase by 10%, and the total number of mentions has decrease by 0%.
On Twitter, there were a total of 0 tweets mentioning GYEN in the last 24 hours. Among them, 0% are bullish on GYEN, 0% are bearish on GYEN, and 100% are neutral on GYEN.
On Reddit, there were 0 posts mentioning GYEN in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning GYEN. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
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