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ICHI creates a branded dollar for any cryptocurrency community. It supports retail onboarding, helps protocols expand, and speeds up ecosystem development. ICHI addresses three key areas:
New users: One of the biggest hurdles is understanding a limited-supply crypto token. For many people entering crypto, scarce tokens are a turnoff. With a branded dollar (USD equivalent), newcomers can more easily grasp what they’re using.Increasing protocol value: Scarce tokens stay tied up in the protocol as users adopt the branded dollar, which is minted using that scarce token.Growing an ecosystem: Businesses often need USD-denominated accounting. With the branded dollar, you can provide incentives/grants, and those recipients then use the branded dollar as part of meeting the incentive requirements.ICHI rolls out a Decentralized Monetary Authority (DMA), a DAO tailored to let any community issue a branded dollar worth $1 (oneToken). It is minted with the community’s scarce cryptocurrency. Functionally, it works like USDC, but you must acquire that community’s crypto to mint their branded dollar.
ICHI is a DAO (Decentralized Autonomous Organization) led by the community of ICHI token stakers.
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