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Standard Protocol (STND) Price
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Standard Protocol (STND) Price

$0.00296 4.40%

24H
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Latest Updates

Updated at 22:53

Market cap

$253,412.48 

Market rank

#2694 

Volume 24H

$47,749.58 60.46%

Price change 24h

-$0.00013 4.40%

Price change 7d

+$0.00046 15.52%

What about Standard Protocol?

Standard Protocol (STND) is a decentralized finance (DeFi) platform that offers a collateralized rebaseable stablecoin for synthetic assets. The platform serves as a foundation for creating synthetic assets, allowing users to create collateralized synthetic assets while maintaining a stable collateral base that backs the total value of each asset. The STND protocol utilizes advanced algorithms that enable the platform to autonomously rebase the stablecoin, allowing it to maintain its peg to the underlying assets.

The synthetic asset market has grown significantly in recent years, and the Standard Protocol offers a unique approach to this market. It provides a collateralized stablecoin that backs the synthetic asset, which helps to mitigate risks associated with the synthetic asset market. With STND, users can create synthetic assets that track any asset, such as gold or real estate, on a completely decentralized and transparent platform.

The STND token is the native currency on the platform and is an integral part of the collateralized stablecoin system. It is used to secure and collateralize assets, which are then traded as synthetic assets on the platform. The STND token also helps to incentivize users on the platform by offering rewards for participating in governance and liquidity provision.

One of the key features of the Standard Protocol is its ability to maintain the stability of the collateralized stablecoin. The platform employs a rebase mechanism that automatically adjusts the total supply of the stablecoin based on changes in the value of the underlying assets. This ensures that the value of the stablecoin remains stable and maintains its peg to the underlying assets.

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FAQ

What determines the price of Standard Protocol?

The price of Standard Protocol is determined by a range of factors, including supply and demand, market news and events, investor sentiment, and competition from other cryptocurrencies.
Investors can follow the performance of STND on various platforms, including online exchanges and price-tracking websites like Changelly. By monitoring market news and keeping up to date on the cryptocurrency's performance, investors may gain insights into its prospects and make informed investment decisions.
However, it's worth keeping in mind that cryptocurrency prices are highly volatile and can fluctuate rapidly, so you should exercise caution and conduct your research before investing.

What was the starting price of Standard Protocol?

The starting price of an asset refers to the price at which it debuted on the market.
The change in price is due to various factors, including mainstream acceptance of the cryptocurrency, the size of the initial offering, and the level of demand from investors.
You can find historical price data for STND on Changelly's real-time charts. They offer valuable insights into the cryptocurrency's past performance and can help you make informed investment decisions.
When investing in cryptocurrencies, keep in mind that prices can change quickly due to market conditions and other factors.

What was the highest price of Standard Protocol?

The highest price of Standard Protocol refers to the highest value that it has ever achieved on the market. This can be influenced by a range of factors, including market demand, investor sentiment, and the overall health of the cryptocurrency ecosystem.
You can track real-time prices of STND with just a few clicks on Changelly. Our platform provides you with access to historical price data so you can easily analyze the performance of the cryptocurrency over time. Interactive charts make it super easy to understand and help you stay on top of market trends, identify key price points, and keep up with the latest industry developments all in one place.
It is important to note that the highest price ever reached by a cryptocurrency in the past does not always mean it is going to do well in the future. So, before investing, you should exercise caution and do your research.

What was the lowest price of Standard Protocol?

Cryptocurrencies are known for their volatile nature, and their prices can fluctuate rapidly in a short period. As a result, traders are always keen to know the lowest price of a cryptocurrency to assess its potential risks and returns.
With Changelly's live charts, you can easily view historical price data for a wide range of cryptocurrencies, including Standard Protocol. Our charts provide a wealth of information on the performance of an asset, including its lowest price point.
It is crucial to remember that the crypto's previous lows do not mean it is doomed to fail. Before making any investments, take your time to research and proceed with caution.

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