Neutrino System Base

What is the Neutrino Protocol?

The Neutrino Protocol operates as a set of interacting smart contracts on the Waves blockchain, utilizing tokens like WAVES, XTN, NSBT, and SURF. WAVES serves as the transaction fee token, while XTN functions as the Neutrino Index token. NSBT and SURF act as governance and recapitalization tokens, ensuring protocol stability. The system involves various entities, including users, price oracles, pacemaker oracles, Waves full nodes, and emergency oracles, each playing a specific role in the protocol's functionality.

NSBT (Neutrino System Base Token)

NSBT ensures protocol stability by issuing new tokens when WAVES are locked, adding backing during value fluctuations. Users can stake NSBT to receive gNSBT, enabling participation in community voting, XTN transactions, and earning rewards from protocol fees.

Neutrino Index (XTN) and SURF Tokens

XTN operates on a multi-collateral system, collateralized by Waves Ecosystem tokens. gNSBT holders govern the system through voting, influencing operations like issuance, burning, staking, and rewards.

SURF enhances NSBT's recapitalization mechanics. While temporarily unavailable for smart contract issuance, SURF benefits include XTN transactions, regular rewards, voting power, and automatic conversion to XTN when profitable.

Neutrino Ecosystem

Within the Neutrino system, five distinct entities, both on-chain and off-chain, collaboratively operate through interconnected smart contracts:

• Users: Individuals with Waves accounts, typically managed through the Keeper Wallet and Waves Signer extensions.
• Price Oracles: Predetermined accounts offering a market price feed from various sources to the blockchain.
• Pacemaker Oracles: Waves accounts, often bots, triggering transactions and handling intricate computations. Their role is crucial due to the non-Turing nature of the Ride language and computational complexity limits.
• Waves Full Node: A Waves node in a peer-to-peer blockchain network operating based on the Leased Proof of Stake algorithm. It accumulates and distributes block rewards for the Neutrino dApp. Since 2022, Neutrino reserves in WAVES tokens are leased to community nodes.
• Emergency Oracle: An account, chosen by the community, with special privileges to pause the protocol's operations during a malicious hacking attack against the smart contract infrastructure and reactivate it. This entity lacks additional access or control within the system, apart from this specific authority.

Project Development

In the approaching days, around January 12, 2024, the inaugural era of Neutrino DAO is concluding. However, the launch of the Neutrino Crypto DeFi Index (NCDI) project on the ETH network is experiencing delays in the research and development phase.

The extended timeline necessitates additional support from users in the form of retaining their staked $POWER tokens within the DAO for the subsequent sprint. Participants who maintain a 100% staked $POWER token for the upcoming sprint will receive a distribution of 62 $POWER, originally intended for burning but repurposed as an extra incentive.

These contributors are regarded as potential pioneers (OGs) of the new ETH network protocol, granting them exclusive features and protocol governance access. The second sprint is crucial, and comprehensive information on the mechanics and logic of the new project will be communicated during this phase.

Neutrino System Base Price Analysis

As of July 3 2025 Neutrino System Base has a marketcap of $167K. This is {{percentagefromath}} from its all time high of $76.76. In terms of its tokenomics, there's a total supply of 2.8M with 100% currently outstanding. Keep in mind Neutrino System Base has a fully diluted value of $167K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Summarized in part by ChatGPT 4 and Claude