ICHI ICHI Price $ 2.65

ICHI deploys a branded dollar for any cryptocurrency community. This enables retail onboarding, protocol growth, and ecosystem acceleration. ICHI solves three problems:

• 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.
• Growing protocol value: Scarce tokens are locked in the protocol as users adopt the branded dollar, minted with your scarce token.
• 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.

ICHI deploys a Decentralized Monetary Authority (DMA), a DAO customized to give any community a branded dollar worth $1 (oneToken). It is minted with that community's scarce cryptocurrency. It works just like USDC, 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.