|All Time High:|
|Market Cap: |
|The price of #ICHI today is $4.50 USD.|
The lowest ICHI price for this period was $0, the highest was $4.50, and the current live price for one ICHI coin is $4.50239.
The all-time high ICHI coin price was $170.
Use our custom price calculator to see the hypothetical price of ICHI with market cap of ETH or other crypto coins.
|The code for ICHI crypto currency is also #ICHI. |
ICHI is 2.2 years old.
|The current market capitalization for ICHI is $22,511,932.|
ICHI is ranking upwards to #455 out of all coins, by market cap (and other factors).
|There is a modest volume of trading today on #ICHI.|
Today's 24-hour trading volume across all exchanges for ICHI is $15,966.
|The circulating supply of ICHI is 5,000,000 coins, which is 100% of the maximum coin supply.|
A highlight of ICHI is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
February News Update
January was an exciting month for ICHI. We have been heads down, working on growing our ecosystem and further building our community. The ICHI protocol is primed for growth in 2023 as many crypto projects are still looking for a liquidity system that can work for them, a solution ICHI’s Vaults provide. As we have been building out our community, we hope you will join us, as there is no better time than the present to get involved. We have a new community budget up for a vote, and new weekly business and marketing meetings open to everyone. Check out our updates from January below, and we hope to see you on Discord! — DAO Q1 Budget Vote Live - As we enter 2023, ICHI is well-positioned for growth due to the successful automation of our Vaults and their strong fit within the market. We propose creating decentralized workstreams to continue delivering these products effectively and drive further growth. This will allow us to build a strong foundation for expansion in the year’s first quarter. To support this transition, we have developed a budget outline to guide our efforts. Vote on our Snapshot — Marketing Calls - Join our weekly DAO marketing calls in Discord. Every Wednesday at 1:30 EST, we will discuss ICHI marketing campaigns, events, and more. Come share your ideas and join the conversation. Have an idea for a blog, video, or meme? Feel free to stop by and join the conversation! Join the Call — Bu...
Concentrated Liquidity Market Makers (CLMM) vs. Automated Market Makers (AMM)
Have you ever heard of an Automated Market Maker (AMM)? If you have ever participated in decentralized finance, you probably used one without realizing it. AMMs are smart contracts allowing users to swap tokens on decentralized exchanges without trusting intermediaries like banks or centralized exchanges. In AMMs, tokens are swapped between liquidity pools where liquidity providers (LPs) provide assets in exchange for liquidity rewards/yield opportunities. Traditional AMMs, however, have an inefficient token allocation system, spreading liquidity equally between the current and non-current prices. This system results in high slippage and low capital efficiency for liquidity providers whose tokens are used to facilitate these swaps. Alternatively, a new type of AMM is designed to benefit the liquidity providers rather than the arbitrage bots claiming most of today’s value in DeFi. CLMMs Concentrated Liquidity Market Makers are a new generation of automated market makers (AMMs) aiming to improve decentralized exchanges’ capital efficiency and provide attractive yield opportunities for liquidity providers. CLMMs, focus on providing deep liquidity at the current market price, which reduces slippage and improves capital efficiency. This system allows the LPs’ capital to be deployed more efficiently, benefiting the LP and the project whose liquidity is being managed. ICHI is an example of a Concentrated Liquidity Market Make...
What can I even do with my crypto tokens?
When it comes to thinking about cryptocurrency in the long term, many people struggle to know what to do with their tokens. It is easy to accumulate and hold assets in a wallet, but before making that decision, it is helpful to understand your other options as a crypto maximalist. In today’s crypto environment, there are a few good options for earning yield on your favorite tokens. The most popular are staking, delegating, lending, and liquidity provision. — Centralized Staking - Many users stake their assets on centralized exchanges where the average annual percentage yield (APY) is around 5%. However, recent events, such as with FTX and Celsius, have raised concerns about the risks of holding assets on centralized exchanges. In these exchanges, the entity typically owns the assets held on their platform, and users must trust these businesses to operate in a trustworthy way. — Decentralized Staking - Another option is deploying to staking/farming contracts on decentralized protocols. In this system, projects typically provide their own token as a reward for putting that token into their system. Unfortunately, the yields shown on these platforms are usually based on how many rewards the project decides to produce. This often produces token inflation, as more supply enters the market at unusual rates. — Delegation - Another method of accumulation is delegation, where users provide their tokens to a validato...
Saving Crypto Through Decentralization
The crypto industry has a liquidity problem. Projects have long relied on untrustworthy centralized exchanges and market makers for their tokens to retain value and become mediums of exchange. These broken centralized systems were built into the crypto infrastructure, an industry still learning to operate in line with the traditional financial world. Given instances like FTX and Celsius, it is imperative that the whole crypto space leaves the establishments of centralized and trusted entities and begins to use tools built to be open source, trustless, and decentralized. As we enter 2023, we at ICHI have taken measures and created new systems to operate efficiently, decentralized, and transparently while providing solutions to help solve crypto’s liquidity problem. ICHI began in 2020 as a fair launch project. It was started by a small team of contributors who took no salary and wanted to build technology to support other crypto projects. Through its Branded Dollar and Vault protocols, ICHI has built protocol-owned liquidity for many partner projects and created a reputation as a project here to stay. As we move into the new year, ICHI is excited to continue increasing its momentum, as its deep-liquidity-building technology has only found a more robust product market fit in the struggling crypto market. ICHI is well-positioned for growth due to Vault automation and its strong fit within the market. However, to grow at anticip...
DeFi Bonds 101
What is a bond? - A bond is a way for an organization to raise money on credit. Corporations and all levels of governments use bonds to fund initiatives by asking investors for a sum of money with the promise of repayment in a given timeframe, plus interest. If an organization is credit-worthy, investors consider bonds a safer place to park their money than stocks and may choose bonds as a way to diversify their portfolios, incorporate more stable assets, and bolster against economic downturn. — Bond Strategy - Unlike stocks, bonds don’t give investors any equity or ownership rights, but they do promise a return on investment. Bonds that are more likely to be paid on time, like treasury bonds issued by the U.S. Government, typically yield a lower interest rate, as do bonds with shorter maturity periods, or the amount of time until full repayment is due. Investors can either hold bonds, and receive interest through the repayment period, or they might sell them at a higher price than they invested. As an organization grows and improves their likelihood of making good on the debt, the bond can become more valuable. Likewise, if subsequent bonds are issued at a lower interest rate, older bonds become more valuable as they provide higher yield. — DeFi Bonds - Credit is arguably one of the most powerful financial tools to grow an organization, but until recently, bonds weren’t included in the DeFi ecosystem becaus...
Layer 2 blockchains are designed to solve the scalability struggles faced by many Layer 1 networks, including Ethereum. In this article, we’ll take a closer look at the most widely adopted scaling solution for Ethereum: Polygon. Polygon Infrastructure Polygon is a Proof of Stake (PoS) blockchain, which relies on validators to verify and add transactions to the blockchain. Users can buy the network’s native token, MATIC, and stake it (agree not to trade or sell the token) for rewards, participate in network governance, and pay for gas fees. With over 135M wallet addresses, Polygon is onboarding new users to layer 2 faster than any other. Polygon operates as a stack of scaling protocols, utilizing zk rollup, optimistic rollup, and plasma side chains for developers to choose the protocol best suited to their needs. This is one of the defining characteristics of Polygon that sets it apart from other Layer 2 networks, the inclusion of multiple solutions on a single platform. It’s why they’ve termed themselves, “Ethereum’s Internet of Blockchains.” Dedicated blockchains can be used for specific applications, with customization and scalability in mind. Blockchain Services Polygon offers two types of blockchain services: stand-alone chains and secured chains. Stand-alone chains are EVM compatible blockchains which are completely sovereign. An enterprise could use a stand-alone chain for their private use cases and ult...
How to Install MetaMask
With over 10,000,000+ downloads MetaMask is one of the most, if not the most popular crypto wallet out there. Today we have a quick tutorial on how to set up your Metamask smart-contract wallet and get started on your crypto journey. — Step 1 - Install the MetaMask browser extension and make sure you’re downloading the correct version for your browser. They support most major browsers, including Chrome, Brave, and Firefox. The Chrome version has over 10 million downloads. — Step 2 - You need to agree or disgree to some tracking terms. This has no effect on your wallet experience but in our opinion the less tracking the better but the choice is up to you. — Step 3 - Create a wallet, this will generate your new seed phrase for your wallet. You can also import a wallet if you are reinstalling one. — Step 4 - Create a new password, make sure you make this a very strong password. The longer the better, remember this is access to your funds and NFTs so make sure its very secure. Trying using upper and lower case letters with special characters. — Step 5 - This is the most important step! Make sure to write down and store your seed phrase offline. Your seed phrase is your backdoor and master password for your wallet. Even if you forget your password you can access your wallet with your seed phrase but if you lose your seed phrase you are locked out of your wallet. We wrote a blog on How to Keep Your ...
4 Crypto Resolutions for a Comfy 2023
Last year delivered some devastating lessons to many in the crypto community. From stablecoin collapse to outright fraud, we learned the hard way that self custody, education, and transparency are integral parts of staying comfy in crypto winter. For 2023, let’s make some strong resolutions to own our assets, engage with our communities, and be open to learning more lessons (hopefully ones that hurt a little less). If you’ve been doubting your success in the new year, we’re here to help — and to remind you that if incompetence the size of SBF can make billions, you really can do anything. Just before we took a break for the holidays, we sat down with some of our industry friends to discuss the lessons learned from the fallout of FTX, strategies for moving forward, and our visions for a secure and trusted future for DeFi. Daniel — ICHI’s Head of Product, Willy — Shapeshift’s Head of Decentralization, and Lior — Collider Ventures’ Head of Platform met with Ashley for a conversation that flowed from self-custody, trust and transparency, to true decentralization, and more without skipping a beat. By the end of the call, it was clear we’d just touched the tip of the iceberg and are looking forward to our next chat where we can explore things like undercollateralized lending and sustainable growth strategies a bit further. You can listen to the full conversation here, to help you gameplan your...
Mitigating Impermanent Loss to Build the Liquidity & Power of DeFi
The cryptocurrency industry has been racked by volatility and uncertainty in recent months. Headlined by the collapse of the centralized exchange FTX due to a mismanagement of funds and lack of liquidity, the industry has been experiencing cascading problems. In the wake of FTX, several other centralized companies, including BlockFi, have faced collapse. This has shaken trust in the broader industry and exacerbated a problem that has long existed in crypto, a lack of available and stable liquidity. This problem is not just confined to centralized platforms but is rampant in DeFi. In taking a closer look, we actually found that fewer than 25 total projects on Uniswap and Sushiswap have more than $50k in deep liquidity. Even before FTX highlighted the issues of liquidity in crypto, users have seen that DeFi projects struggled to secure financing. This is because, for most liquidity providers (LPs), providing funds into liquidity pools is just not profitable. One of the biggest contributors to why providing liquidity often doesn’t reap the rewards for LPs that it should is due to impermanent loss. Impermanent loss occurs when a user provides assets to a liquidity pool and the price of the asset changes compared to when the user initially deposited that asset. This change also causes the composition of the pool to shift and can lead to the deposit being worth less than the value if the LP hadn’t deposited in the first place. T...
Digital Hygiene for Crypto Holders
The crypto world can be dirty, so it’s essential to practice good hygiene when exploring DeFi, NFTs, and the metaverse. We’ve outlined tips and tools you should use to keep your crypto safe and your hands clean of any problems. In addition, if you haven’t already taken self-custody of your digital assets, we have a great blog on How to Keep Your Seed Phrase Safe. Always Check URLs: The golden rule of crypto is to check for HTTPS before the URL and be careful of domain extensions. Some scammers, for example, buy similar URLs to popular websites but use different extensions. For example, a malicious user could purchase the domain “metamask.news,” and if you weren’t paying attention to the extension, you could connect to this hypothetical malicious site. An excellent way to avoid this is to go directly to the token’s official Twitter for the URL, Google them, and check an official site like Coingecko to ensure all the website information aligns. These extra steps will save you in the long run. Unfortunately, users often lose sight of this when they see a promotion like an airdrop and rush to the site without paying attention. Don’t chase airdrops: If you’ve been reading crypto Twitter for more than 2 minutes, you’ve probably seen multiple posts about airdrops in various forms. Guess what? 99.9999% of the time, it’s fake. If there is an actual airdrop, you can visit the token’s official website and confirm...