ShredN Price

ShredN (SHRED) is a cryptocurrency launched in 2022. The asset functions as the native token for an NFT liquidity protocol determined to resolve fragmented, illiquid markets across multiple blockchains.

ShredN tackles NFT illiquidity head-on. The protocol deploys a spectrum of tailored mechanisms—fragmentation, an automated market maker, and rarity-aware pricing. Unlike generic AMMs, it parses ERC-721 and ERC-1155 standards distinctly and isolates individual token IDs to peg valuations against trait rarity.

ShredN operates on the BNB Smart Chain network. The native SHRED token adheres to the BEP-20 standard, lodging its logic within Binance’s high-throughput parallelized execution environment.

The SHRED token exists as a BEP-20 smart contract on BNB Smart Chain, inheriting that network’s EVM compatibility and fast block finality. On-chain contract calls orchestrate all liquidity vaults, fragmentation pools, and trait-based pricing oracles without a secondary sidechain. This design strips away complexity for end users while preserving composability across the Binance DeFi ecosystem.

ShredN emerged in 2022 without disclosed founders, signaling a collective developer effort. Its first deployments targeted BNB Chain NFT collections, and a whitepaper swiftly catalogued the liquidity aggregation blueprint. Governance token distribution and community voting modules activated within months, weaving co-governance into daily protocol operations.

The overarching mission dismantles the silos that trap value inside non-fungible tokens. ShredN envisions a universal liquidity layer where any NFT from any public chain can be permissionlessly fractionalized, traded, and collateralized. Aggregating external AMMs and marketplaces, the protocol aims to become the definitive price-discovery engine for the entire NFT sector.

The SHRED token functions mechanically as a utility and governance cog. It levies a portion of trading fees in SHRED, and token holders qualify for a reduced fee tier, directly lowering the cost of executing NFT swaps. Liquidity providers capture commission distributions paid exclusively in SHRED, cementing incentives for consistent market depth. Vote-escrowed SHRED governs the onboarding of new NFT collections and the allocation of liquidity mining rewards.

Traders who hold SHRED slash swap fees proportionally, converting the asset into a practical tool for active market participants. Liquidity providers stake SHRED into reward pools to harvest a share of trading commissions. Governance stakers lock tokens to decide which NFT collections gain featured liquidity pools and technical integration priority.

ShredN has a maximum supply of 100,000,000 tokens. Currently, 10,000,000 circulate. With a market capitalization of $15,070.20, ShredN ranks #9,162 among all cryptocurrencies.