What Is Stable ICHI (ONEICHI)?
Stable ICHI is a Decentralized Autonomous Organization (DAO) that gives crypto projects the tools they need to participate in DeFi more efficiently. Stable ICHI is a Branded Dollar built by ICHI for the ICHI DAO. It is minted with a mixture of both USDC and ICHI. The live Stable ICHI price today is $0.999495 USD with a 24-hour trading volume of $3,948.43 USD. They update the ONEICHI to USD price in real-time.
This is up 0.01% in the last 24 hours. The current CoinMarketCap ranking is #5762, with a live market cap of not available. The circulating supply is not available and the max. supply is not available. If you would like to know where to buy The at the current rate, the top cryptocurrency exchange for trading in Stable ICHI stock is currently Uniswap (V3). You can find others listed on the crypto exchanges page.
Stable ICHI Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Stable ICHI |
| Short Name | ONEICHI |
| Circulating Supply | N/A |
| Total Supply | N/A |
| 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’s 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 aligns incentives between crypto projects and their communities by encouraging the purchasing and use of their project’s tokens.
The ICHI community believes in the following:
- Stable ICHI exist to provide member communities with all the benefits of their own currency.
- Voting power derived from ICHI 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.
- Stable ICHI 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 is a Decentralized Autonomous Organization (DAO) which means operations and decisions are dictated by ICHI hodlers. The current ICHI DAO structure is a representation of the mechanism voted upon by xICHI 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
Stable ICHI 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 Stable 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 ICHI 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.
xICHI
$xICHI is the governance token for ICHI. $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 ICHI governance proposals to determine future features and/or parameters of the ICHI 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 ICHI token governance rewards.
ICHI Reward Distribution
Stable ICHI rewards are allocated to liquidity pools based on proportional non-ICHI liquidity (through farms) and to Angel Vaults based on IRR enhancement schedules. ICHI rewards are distributed every block (based on blockchain deployed to) for farms and weekly for Angel and HODL Vault enhancements.
Reward Eligibility and Updates:
- 1.Initial Eligibility: when a compatible pool contains a minimum of $100k of non-ICHI liquidity it is eligible for rewards.
- 2.Reward Updates: A specific pool’s reward rate may only adjust down a max of 5% at a time. For example, if the reward rate is 0.2 ICHI per block, the new reward rate may not be lower than 0.19 ICHI per block. *Scheduled community votes are exceptions to this rule.
- 3.IRR enhancement: Based on community vote, the ICHI Foundation will provide IRR enhancements in ICHI for all HODL Vaults and select Angel Vaults.
