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New York Exchange is a blockchain-based network that provides its users with the opportunity to trade value-backed commodities using cryptocurrency. New York Exchange has identified the lack of integration between traditional financial assets and digital assets, and set out to address it. New York Exchange uses a Proof-of-Stake (PoS) consensus mechanism to validate transactions on the protocol. Users must own and lock up at least 1,000 NYE to host a master node and stake on the platform. A key goal of the New York Exchange project is to provide traders and investors the ability to complete peer-to-peer transactions of classic commodities, making an intermediary broker (and thus, brokerage fees) redundant, like there are on traditional stock exchanges. NYE is the governance and utility token of the New York Exchange network. It uses smart contracts for the purchasing of synthetic stock and commodities that are found on the New York stock exchange.
NewYork Exchange (NYE) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of NewYork Exchange is $6.71, which is -8.365% lower than yesterday. Prices have ranged between $7.49 and $6.59 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 01:01 UTC.
| Coin symbol | NYE |
|---|---|
| Coin Marketcap | N/A |
| Total NYE supply | 600,000,000 |
| Current price | US$6.71 |
| All time high | US$25.82 |
Historical prices compared with the price of US$6.71.
| 1 hour | -0.91% |
|---|---|
| 24 hours | -8.36% |
| 7 days | -24.97% |
| 14 days | -16.10% |
| 30 days | -44.66% |
|---|---|
| 60 days | -54.42% |
| 200 days | -40.40% |
| 1 year | -56.20% |
Disclaimer: Cryptocurrencies, including NewYork Exchange, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of NYE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the NewYork Exchange or any other cryptocurrency discussed.