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.
ICHI Storage Key Points
| 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 Solution
ICHI solves these problems by providing crypto projects the tools they need to operate their own sustainable, community-controlled economies. ICHI 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 Coin 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 has tenets that drive every action, decision, or move that is made.
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.
- They 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.
- They enables community-controlled and truly decentralized DeFi.
- The helps crypto projects build communities and protect their token price.
- They 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 Coin is a Decentralized Autonomous Organization (DAO) which means operations and decisions are dictated by hodlers. The current ICHI 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
They 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, 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 Coin 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.
Community Control
The community treasury is operated by multi-signature wallets that are held by a collection of delegated community members and core-team members.
Angel Vaults
Helping projects stay comfy during the crypto winter. It’s time to stop putting your token up for sale. Angel Liquidity Vaults are a Uniswap v3 liquidity management protocol created for projects to build a treasury of Protocol-Owned Liquidity (POL) and DeFi users to earn better fees without having to manage their pool positions.
Liquidity is the lifeblood of crypto but normal liquidity pools come with a significant cost: the project’s strongest supporters are putting their tokens up for sale. They must deposit the project’s token on an exchange to provide liquidity in order for someone else to buy it. ICHI Angel Vaults provide the necessary liquidity without selling your token.
Buy Liquidity
- Providing single asset liquidity underneath the price of a participating project’s token increases the price of that token.
Deflationary Liquidity Rewards
- By creating branded dollars through and then establishing an Angel Vault with that branded dollar, crypto projects can offset the cost of liquidity rewards. This is due to the upward price pressure created from locking the community’s scarce token when minting its branded dollar and then using it as the single asset deposited in the Angel Vault.
Protocol Owned Liquidity (POL)
- Depositing a portion of the assets backing that project’s branded dollar into the Angel Vault creates sustainable, long-lasting liquidity.
