- Early StageStartup in initial stages
ICHI careers
The ICHI platform:
- Allows third party projects to issue their own collateralized stable currency (oneToken) for any cryptocurrency community.
- Applies market forces to set level of reserves backing the stablecoin between 0-100% to provide stability that is just as good as fiat-backed stablecoins, which a user can redeem for exactly 1 USDC.
- Locks up existing native project tokens to collateralize oneToken, and is fully on-chain creating more demand for said project token backing oneTokens.
- Gives oneToken holders the ability to govern their own individual project's Treasury.
Additionally, ICHI introduces a Decentralized Monetary Authority (DMA) as an innovative DAO-like governance model for managing each oneToken. The DMA ensures minting and redemption at $1, governance of community treasuries by oneToken holders, and autonomous execution of any yield or incentive strategies chosen by the community.
- Allows third party projects to issue their own collateralized stable currency (oneToken) for any cryptocurrency community.
- Applies market forces to set level of reserves backing the stablecoin between 0-100% to provide stability that is just as good as fiat-backed stablecoins, which a user can redeem for exactly 1 USDC.
- Locks up existing native project tokens to collateralize oneToken, and is fully on-chain creating more demand for said project token backing oneTokens.
- Gives oneToken holders the ability to govern their own individual project's Treasury.
Additionally, ICHI introduces a Decentralized Monetary Authority (DMA) as an innovative DAO-like governance model for managing each oneToken. The DMA ensures minting and redemption at $1, governance of community treasuries by oneToken holders, and autonomous execution of any yield or incentive strategies chosen by the community.
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