What is ICHI (ICHI)?
ICHI is the first Decentralized Monetary Authority. It enables any crypto project to control its own money in order to grow and scale.
ICHI Token (ICHI) – ICHI is a DAO powered by its governance token $ICHI. Holders can vote on proposals such as halvings and partnerships.
Branded Dollars – Crypto projects can create and govern their own stable currencies worth exactly $1. OneTokens provide a hard peg of centralized stablecoins without sacrificing on decentralization.
Every crypto project faces three major challenges as it grows: acquiring users, developing partners, and increasing the value of its native token. ICHI solves these problems by enabling crypto projects to create and govern their own stable currencies worth exactly $1.
These “branded” dollar equivalents — which consumers and businesses can easily trust and understand — are created using a blend of USDC and the community’s token.
Eliminate Barriers – Branded dollars makes it easy for users to understand the project’s token, which helps acquire users, develop partners, and increase native token value.
ICHI makes it easy for users to get the benefits of DeFi apps — such as instant and trustless transactions — without them having to understand the project’s token, which is a major barrier to entry for most people.
Control The Treasury – Unlike centralized stablecoins, projects also have full control over the treasury that is created through the minting of their branded dollars.
Partners – Leading cryptocurrency communities like Filecoin, 1inch, Uniswap, and many others have already used ICHI to create their own branded dollars.
The ICHI team has a bold mission to finally achieve Satoshi’s vision outlined in the Bitcoin whitepaper of creating “peer to peer electronic cash.”
WEBSITE: https://ichi.org/
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