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What is GYEN (GYEN)?

GYEN basic info

Name:GYEN

Ticker:

GYENBuy now

Introduction:

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.

Current price:

$0.006264More price details

All-time high:$0.3450

All-time low:$0.005536

GYEN supply and tokenomics

Circulating supply:2,098,780,800 GYEN

Total supply:2,098,780,833 GYEN

Max supply:0 GYEN

Market cap:$13.15M

Fully diluted market cap:$13.15M

Links

Website:https://stablecoin.z.com/

Whitepaper:https://stablecoin.z.com/assets/pdf/Whitepaper.pdf

X:https://twitter.com/GMOTrust

GitHub:https://github.com/trust-zcom/gmotrust-stablecoin-contract

Buy GYEN for $1Buy GYEN now

What is the development prospect and future value of GYEN?

The market value of GYEN currently stands at $13.15M, and its market ranking is #936. The value of GYEN is not widely recognized by the market. When the bull market comes, the market value of GYEN may have great growth potential.

As a new type of currency with innovative technology and unique use cases, GYEN has broad market potential and significant room for development. The distinctiveness and appeal of GYEN may attract the interest of specific groups, thereby driving up its market value.

What will the price of GYEN be in 2025?

Based on GYEN's historical price performance prediction model, the price of GYEN is projected to reach $0.007852 in 2025.

What will the price of GYEN be in 2030?

In 2030, the GYEN price is expected to change by -2.00%. By the end of 2030, the GYEN price is projected to reach $0.01089, with a cumulative ROI of +75.55%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of GYEN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

GYEN price GYEN news

Is GYEN worth investing or holding? How to buy GYEN from a crypto exchange?

If you want to buy GYEN, the following information may be helpful for your investment decisions:

In the last seven days, the price of GYEN has risen by 2.78%, leading to positive returns for most GYEN investors. The market is currently optimistic about the price trend of GYEN.

It is important to note that the current price of GYEN has retreated by -98.18% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether GYEN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in GYEN or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of GYEN, if you want to buy or sell GYEN, you can consider Bitget for your trading needs. The best place to buy GYEN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in GYEN has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy GYEN. Here's a step-by-step guide on how to buy GYEN on Bitget.

Buy GYEN now Coin buying guide

How to get GYEN through other methods？

Using cash to buy GYEN is not the only way to obtain GYEN. If you have the time to spare, you can get GYEN for free.

Learn how to earn GYEN for free through the Learn2Earn promotion.

Earn free GYEN by inviting friends to join Bitget's Assist2Earn promotion.

Receive free GYEN airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to GYEN through Bitget Convert, Bitget Swap, or spot trading.

What is GYEN used for and how to use GYEN?

The use case of GYEN may expand as the crypto market and the project itself develop. Currently, you can use GYEN to achieve the following goals:

Arbitrage by trading GYEN: Since GYEN is a frequently traded cryptocurrency, the price of GYEN is always fluctuating. Earn more GYEN by buying low and selling high on the exchange. Bitget spot market provides a variety of GYEN trading pairs to fully meet your needs.

Earn by staking GYEN: You can also generate income through financial management methods such as staking GYEN or lending GYEN. Bitget Earn offers a variety of financial products designed to help you earn more income from your GYEN.

Send or pay GYEN: If you want to give GYEN to your friends, a charity, or a fundraiser, or you want to pay someone with GYEN, you can quickly and easily send GYEN to the recipient through their payment address.

You can also go to the official website of the GYEN project to learn more about the use cases of GYEN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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