Ethereum
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+0.89% last 24h
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24h vol
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Total liquidity
-
Balance: $0
($2.22 M)
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CoinMarketCap.comICHI token participates in the governance structure within the ICHI Protocols, aiding in determining course with votes by token holders. The system is community-enabled, inclusive of members in various decision-making procedures. Vaults and Branded Dollars are two distinctive protocols within the system. Vaults function as single token liquidity managers as per their design, while Branded Dollars act as collateralized community-owned assets. Staking ICHI tokens can provide added benefits and further facilitate the ecosystem's evolution.
ICHI Protocols aim to infuse balance into decentralized finance (DeFi) projects and also provide governance. These protocols present necessary tools and infrastructure for enhancing DeFi applications' usability and creating branded stablecoins. Based on the Ethereum blockchain, the ICHI platform is designed to create branded stablecoins and provides Vaults.
The ICHI system makes strides towards bolstering financial inclusion through stable and accessible digital assets. Branded Dollars, crafted using ICHI Protocols, peg themselves to a multitude of fiat currencies and are backed by collateral within smart contracts. Within this system, you find an alternative space for storing and transferring value separate from traditional banking frameworks. Barring the fluctuations common in digital assets, ICHI Protocols strive for instilling balance into DeFi projects. A well-informed community exists within the protocols, offering users the means to familiarize themselves with the platform and its specific governance mechanisms.
ICHI is a decentralized platform that puts into effect a unique oneToken approach to support token communities. With the help of this mechanism, it enables token communities to support their native tokens in a consistentcoin format. This is accomplished through the manufacturing of onetokens, which are consistentcoins enhanced by an equivalent volume of specific community tokens. What sets ICHI apart is its pioneering oneToken method, which empowers communities to create and oversee their own consistentcoins, thus enhancing the utility of their native tokens by introducing a stable equivalent. With its operation as a common infrastructure, it can be effectively utilized by community members to enhance the liquidity of their individual consistentcoins. As an open-source platform, ICHI opens doors for developers from respective token communities to establish, manage, and govern their unique version of onetokens, promoting autonomy. The platform employs a set of Ethereum-based smart contracts for minting and burning operations, providing a level of control and predictability. Apart from these features, ICHI also explores new DeFi use cases, thereby expanding opportunities for the stakeholders.
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ICHI Metrics:
Current price: $0.3817
Market cap: $3.54 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $216
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