Name: ICHI
SKU: ICHI
Price: 2.457595531977 USD

ICHI deploys a branded dollar for any cryptocurrency community. This enables retail onboarding, protocol growth, and ecosystem acceleration. ICHI solves three problems:<ul><li>New users: The biggest friction is comprehending your scarce crypto token. New entrants to crypto are often turned off by the mention of scarce tokens. Now you can have a branded dollar (USD equivalent) and users can easily understand that.</li><li>Growing protocol value: Scarce tokens are locked in the protocol as users adopt the branded dollar, minted with your scarce token.</li><li>Building an Ecosystem: These businesses need to operate with USD-denominated balance sheets. You can pay them incentives/grants with your branded dollar. They then use your branded dollar to conduct business as a condition of receiving the incentives.</li></ul>ICHI deploys a Decentralized Monetary Authority (DMA), a DAO customized to give any community a branded dollar worth $1 (oneToken).&nbsp;It is minted with that community's scarce cryptocurrency.&nbsp;It works just like USDC,&nbsp;but you have to buy that community's crypto to mint their branded dollar.ICHI is a DAO (Decentralized Autonomous Organization) governed by the community of ICHI token stakers.

One of the primary value propositions of ICHI is that it removes a project’s reliance on strictly centralized stablecoin providers like USDC and Tether’s USDT.&nbsp;Both of these projects have faced criticism for either blacklisting certain addresses or a lack of transparency into how their tokens are collateralized. Each of these issues flies in the face of crypto’s core tenets of censorship resistance and transparency.&nbsp;Decentralized stablecoins such as Maker’s DAI, Terra’s UST, or even one of ICHI’s oneTokens, present a possible alternative.&nbsp;It's much more difficult to shut down or block transactions made in this variety of stablecoin, since the underlying collateral is a decentralized cryptocurrency (or at least a larger portion of the collateral is decentralized). Additionally, these stablecoins are not managed by a centralized entity, but by a collective of various token holders.&nbsp;

ICHI

ICHI is a Decentralized Monetary Authority (DMA), a DAO customized to give any community a branded dollar worth $1 (oneToken)

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