ICHI is a family of stablecoins (coins valued at 1 USD) that provides usable money to cryptocurrency communities. You can use these stablecoins to buy or sell goods and services, pay expenses and taxes, or to create USD exposure in DeFi (decentralized finance) applications.
You pay a specific cryptocurrency to mint each stablecoin but can only redeem it for USDC (a stablecoin issued by regulated financial institutions, backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars). The cryptocurrency remains in a community treasury and contributes to scarcity because you didn't sell it in the open market.
For example, oneBTC (a stablecoin for Bitcoin) is minted with wBTC (wrapped Bitcoin) and this wBTC remains in a treasury governed by the oneBTC holders.
The stablecoins are minted by you with your non-hosted ethereum wallet. There is no issuing entity, bank, or any other counterparty. You pay exactly $1 of value in two parts to mint a stablecoin: USDC, and a cryptocurrency.
The ICHI (ICHI) latest price is $3.82 with a latest 24-hour trading volume of $139,730. ICHI (ICHI) is down 2.51% in the latest 24 hours. The latest ranking is #854, with a latest market cap of $11,467,696. It has a circulating supply of 3,021,686 ICHI coins.
We have found ICHI listed on 3 exchanges: SushiSwap, Uniswap and WhiteBIT. We are also still adding exchanges so its possible that ICHI may also be available elsewhere.
Finally, ICHI has a twitter following of 1,122 followers, their last recorded tweet was .