ICHI

What is ICHI?

ICHI operates as a decentralized autonomous organization (DAO), overseen by the collective of ICHI token holders and liquidity providers. Its primary objective is to furnish the necessary framework for cryptocurrency projects to capitalize on community-driven and authentically decentralized decentralized finance (DeFi). Through its native DeFi protocols, ICHI empowers crypto initiatives to amass wealth and expand by leveraging community-managed liquidity and stablecoin initiatives.

ICHI is focused on addressing three pivotal challenges within the realm of DeFi:

• Decentralized Control: While prevailing DeFi models often rely on centralized structures that extract value from cryptocurrency ventures, ICHI shifts the balance by placing control in the hands of the community.
• Stable Asset Creation: Many crypto projects encounter the need for stable assets in commercial transactions, leading them to trade tokens for stablecoins. ICHI introduces the Branded Dollars model, eliminating the necessity to exchange tokens for stablecoins.
• Liquidity without Token Sale: Traditional liquidity frameworks often compel crypto projects to liquidate tokens for essential liquidity. ICHI addresses this by facilitating cooperative community involvement through Angel Vaults and HODL Vaults, allowing liquidity provision without token sales.

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Recent Video Interview

Main points of the interview:

• Introduced branded dollars, angel vaults for liquidity management, and a Rari lending pool.
• Angel vaults align user and project incentives by providing price protection.
• Security measures include audits and insurance partnerships.
• Plans to expand to a Layer 2 blockchain for lower fees and better multi-chain support.

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ICHI's Branded Dollar

ICHI's product suite empowers projects to develop their stable assets (backed by their community's token) and liquidity programs, transforming Total Value Locked into Protocol Owned Liquidity. These products include Angel Vaults, HODL Vaults, and Branded Dollars.

Utilizing ICHI's Decentralized Monetary Authority (DMA), any crypto community can issue its stablecoins, fostering competition in the DeFi market akin to Hayek's concepts of the "free price mechanism" and the "denationalization of money." Known as ICHI Branded Dollars, these stable tokens maintain a value of $1. Key features of Branded Dollars:

• Minted using a ratio of the project's scarce token and stable currency like $USDC.
• Grant crypto communities full governance and benefits over their currency.
• Enable communities to govern and earn through a treasury of assets, leveraging opportunities in DeFi.
• ICHI has already facilitated the launch of Branded Dollars for projects such as ShapeShift, 1inch, and Fuse, showcasing its effectiveness in establishing efficient and capital-friendly stablecoin solutions.

ICHI Team Background and Partners

Bryan Gross, the creator of the ICHI suite of DeFi products, brings a wealth of experience, having been employed at both Amazon and IBM over the past decade. ICHI has successfully secured a mirage of partnerships, namely 1INCH, Balancer, Loopring, Moonbeam, Solana, Sushiswap, Quantstamp, Certik, Solidified, and more.

ICHI Project Development

Exciting news: ICHI is pleased to announce its official participation in the Chainlink BUILD program. In this capacity, ICHI aims to expedite the growth of the ecosystem and promote the long-term adoption of Yield IQ, an automated liquidity management protocol. This will be achieved by leveraging enhanced access to Chainlink's top-notch oracle services and technical support. In return, ICHI commits to providing network fees and various benefits to the Chainlink community and service providers, including stakers, thereby reinforcing cryptoeconomic security.

ICHI has been an active supporter of Chainlink, currently utilizing Chainlink Automation. Through its involvement in the BUILD program, ICHI deepens its integration with Chainlink, reaping additional advantages such as priority support from the Chainlink ecosystem, increased accessibility to decentralized applications requiring liquidity management, and strengthened incentive alignment between the Chainlink and ICHI communities.

Confident in the potential of this collaboration, ICHI anticipates that the combined efforts, fortified by enhanced support, secure off-chain services, and the robust backing of Chainlink's vibrant community, will expedite the recognition of ICHI and foster the widespread adoption of auto-liquidity management.

ICHI Price Analysis

As of November 24 2024 ICHI has a marketcap of $9.6M. This is {{percentagefromath}} from its all time high of $143.93. In terms of its tokenomics, there's a total supply of 10M with 91% currently outstanding. Keep in mind ICHI has a fully diluted value of $11M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.