SilkPrice(SILK)
Details Silk (SILK) Price information (USD)
The current real-time price of SILK is $0.0055. In the past 24 hours, SILK has traded between $0.0050 and $0.0076, showing strong market activity. The all-time high of SILK is $2.4333, and the all-time low is $0.0002.
From a short-term perspective, the price change of SILK over the past 1 hour is
Silk (SILK) Market Information
Silk (SILK) Today's Price
The live price of SILK today is $0.0055, with a current market cap of --. The 24-hour trading volume is 33K. The price of SILK to USD is updated in real time.
Silk (SILK) Price History (USD)
What is SILK (SILK)?
When is the right time to buy SILK? Should I buy or sell SILK now?
Before deciding whether to buy or sell SILK, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SILK technical analysis can provide you with trading references.
Future price trend of SILK
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SILK.
How much will SILK be worth tomorrow, next week, or next month in ? What about your SILK assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SILK Price Prediction
How to buy SILK (SILK)
Convert SILK to local currency
SILK Resources
To learn more about SILK, consider exploring other resources such as the whitepaper, official website, and other published information:
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SILK (SILK) FAQ
What is Silk (Shade Protocol) and how does its value peg differ from standard stablecoins?
Unlike standard stablecoins pegged 1:1 to a single currency like the US Dollar, Silk is pegged to a diversified basket of global assets. This basket includes major sovereign currencies, commodities like gold, and Bitcoin. This multi-asset peg allows Silk to act as a hedge against the inflation and volatility associated with any single national currency, providing a more stable store of value within the Web3 ecosystem.
How does Silk maintain transaction privacy for its users?
Silk is built on the Secret Network, which utilizes privacy-preserving smart contracts. By default, all transaction histories and account balances are encrypted. This ensures that user data remains private from public view on the blockchain. Users maintain full control over their information and can choose to share data with specific third parties, such as auditors, through the use of "Viewing Keys."
What is the mechanism for minting Silk in the Shade Protocol ecosystem?
Silk is an overcollateralized stablecoin. To mint it, users must deposit supported crypto assets into dedicated vaults. These collateral assets back the value of the minted Silk. If the value of the collateral falls below a specific threshold, the position is liquidated to ensure the protocol remains solvent and the peg is maintained. Users can also earn rewards by depositing Silk into a Stability Pool to facilitate these liquidations.
How can participants earn SILK rewards through the Spider Tanks gaming platform?
Players earn SILK by participating in and winning matches to accumulate Victory Points (VP), which are converted into SILK tokens at the end of each day. Additionally, users can earn rewards passively by operating "Planetary Nodes" or by participating in the "Pilot Program," where they lease their tank NFTs to other active players in exchange for a share of the daily earnings generated by those tanks.
What are the primary utility functions for SILK within the Spider Tanks ecosystem?
SILK serves as the core utility token for the game. Its main function is for upgrading tank components, such as bodies and weapons, to increase their power and rarity. Enhancing these NFTs can lead to higher potential earnings. Furthermore, SILK is used to purchase new items and NFTs within the ecosystem's marketplace. To manage supply, tokens spent on upgrades and in-game items are permanently burned.
How does the "Pilot Program" enable users to earn SILK without owning an NFT?
The Pilot Program is designed to lower the barrier to entry for new players. It allows individuals to play the game using tanks owned by other users. Under this arrangement, the player (or "Pilot") earns a portion of the SILK generated from match victories, while the tank owner receives the remaining share. This creates a mutually beneficial system for both active players and NFT holders.
