What Is ICHI(ICHI)?
ICHI is a Decentralized Autonomous Organization (DAO) that gives crypto projects the tools they need to participate in DeFi more efficiently. Build protocol owned liquidity without selling your project’s token. Earn yield by depositing your favorite token. Stable tokens worth $1, backed by any project’s native token.
| Coin Basic | Information |
|---|---|
| Coin Name | ICHI |
| Short Name | ICHI |
| Total Supply | 5,000,000 |
| Max Supply | 5,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
ICHI Price Live Data
The live Legacy ICHI price today is $4.58 USD with a 24-hour trading volume of $27,497.61 USD. They update to USD price in real-time. Legacy This is up 1.56% in the last 24 hours. The current CoinMarket Cap ranking is #4626, with a live market cap of not available. The circulating supply is not available and a max. supply of 5,000,000 ICHI coins.
If you would like to know where to buy Legacy ICHI at the current rate, the top cryptocurrency exchange for trading in Legacy stock is currently Uniswap (V3). You can find others listed on our crypto exchanges page.
ICHI’s Solution
ICHI solves these problems by providing crypto projects the tools they need to operate their own sustainable, community-controlled economies. The creates products that allow a project to develop their own stable asset (backed by their community’s token), and their own liquidity programs that turns Total Value Locked into Protocol Owned Liquidity. These products include:
- 1.Angel Vaults
- 2.HODL Vaults
- 3.Branded Dollars
With these products, ICHI aligns incentives between crypto projects and their communities by encouraging the purchasing and use of their project’s tokens.
Tenets & Core Values
The ICHI community believes in the following:
- They exist to provide member communities with all the benefits of their own currency.
- Voting power derived from governs ICHI.
- Only the community of each individual project can govern the treasury backing its currency.
- ICHI holders are incentivized to grow member communities.
Community members can participate in governance through Snapshot. Any community member may propose a change to a tenet. After rigorous debate, the community may vote to change, add, or remove a tenet.
Core Themes
- The turns Total Value Locked into Protocol Owned Liquidity.
- The enables community-controlled and truly decentralized DeFi.
- The helps crypto projects build communities and protect their token price.
- The turns DeFi into an improved revenue stream for crypto projects.
- They aligns incentives between crypto projects and their users.
The ICHI DAO Community
DAO Structure
ICHI is a Decentralized Autonomous Organization (DAO) which means operations and decisions are dictated by hodlers. The current DAO structure is a representation of the mechanism voted upon by hodlers.
The current leadership and workstream structure includes a community workstream consisting of a community coordinator, online moderators, and community team. It also includes core-team members from organizations hired by the DAO.
Ambassador Program
ICHI’s Community Team includes an Ambassador Program designed for community members to join the ICHI team on a part-time basis. ICHI Ambassadors must possess an knowledge of ICHI, desire and skills to work part-time for the DAO, and run through an application process operated by the community coordinator.
The ICHI Foundation
The ICHI Foundation was created by the DAO and it enables the community to carry out the wishes of the DAO, deploy on other chains, establish a grant program and hire a larger, decentralized team for marketing, growth and development. The Foundation is an incorporated entity, operated and deployed by the community, and ensures the safety and legality of all operations.
xICHI
This is the governance token for. $xICHI holders can vote on proposals and participate in the DAO.
Staking ICHI tokens gives stakers xICHI. xICHI gives users:
- 1 .ICHIpowah to propose and vote on governance proposals to determine future features and/or parameters of the platform as well as protocol improvements, with voting weight calculated in proportion to the tokens staked.
- 2. Rewards for participating in governance proposals. It is the community members which would drive development of the ICHI platform, so token incentives would need to be distributed to compensate them for their time, expertise and effort. Only users who have participated in submission of proposals, commenting, reviewing and/or voting will be entitled to receive token governance rewards.
