What is ICHI?
ICHI is the native coin of the ICHI platform, which is a community-driven infrastructure that allows users to develop over-collateralized stablecoins and generate yields by providing liquidity. The two main products developed by ICHI are Vaults and Branded Dollars.
Check out the ICHI price chart above. It features the current and the previous ICHI price.
With Branded Dollars, cryptocurrency communities are able to generate and manage their own over-collateralized stablecoins with a value of exactly $1. These stablecoins are referred to as "oneTokens." They must be tied to the US dollar and completely collateralized by a mix of fiat coinage and the community's native token. Because the ICHI network is entirely on-chain, anybody may verify the reserves and collateral pools at any moment.
The Uniswap V3 liquidity management approach offered by ICHI's Vaults to liquidity providers allows them to avariciously hoard more of their deposited assets. Without their projects having to provide farming rewards, users can gather their preferred tokens via vaults.
In addition, ICHI provides the community with interesting opportunities through its developer rewards, ambassador programs, student programs, and community events.
Use Cases of ICHI Tokens
The main purpose of ICHI coins is governance. This means that ICHI holders have the right to participate in the decision-making processes concerning the future development of the ICHI crypto project.
Besides that, new liquidity possibilities for ICHI, as well as other applications such as staking, are planned for the future. The ICHI Foundation plans to get ICHI whitelisted on Bancor and authorized for Dual Liquidity Mining incentives.
Don't forget to check the ICHI price chart above if you plan to invest in the project. Knowing the current and the previous ICHI price will be beneficial when making purchasing or trading decisions.
Who Founded ICHI?
There’s no information available regarding the founders of ICHI as the founders have chosen to remain anonymous.