ImmortalDAO

कीमत

(immo)
Note: This platform does not support trading services in this currency
$0.334851 +0.3%

      Overview

      immo Price Live Data

      immo Price Information

      24h Low/High

      24h Low $0.330065
      24h High $0.336391

      All Time High

      US$175.25

      All Time Low

      US$0.00610353

      High Price 7D

      US$0.512843

      Low Price 7D

      US$0.324722

      immo Market Information

      Market Cap Ranking

      Fully Diluted Valuation

      US$3092.35

      Total Supply

      9,235

      Maximum Supply

      9235

      Market Cap Advantages

      0%

      Circulation Supply/Total Market Cap

      0.000

      About immo

      Immortal is a decentralized reserve currency protocol on Celo blockchain based on the IMMO token. Each IMMO token is backed by a basket of assets (e.g. mcUSD) in the Immortal treasury, giving it an intrinsic value that it cannot fall below. Immortal also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. ImmortalDAO is also considered an algorithmic currency protocol with the goal of becoming a stable crypto-native currency within the Celo ecosystem. Though sometimes called an algorithmic stablecoin, ImmortalDAO is more akin to a central bank since it uses reserve assets like mcUSD to manage its price. The goal is to achieve price stability while maintaining a floating market-driven price. The biggest difference between IMMO and stablecoins like USDC is that IMMO is backed but not pegged to a particular price. Technically, the price floor for IMMO is 1 mcUSD, but practically a premium and the treasury value is added to the price. IMMO differs from other algorithmic stablecoins like Ampleforth (AMPL) because it issues IMMO to buy mcUSD and other assets and maintain a treasury. This mechanism is similar to FEI; the key difference is that FEI keeps a dollar peg, and ImmortalDAO Finance allows its token to float. IMMO is the native utility token that is used for staking and bonding on our decentralised Application (https://www.immortaldao.finance/) as well as governance votes to determine how network resources are allocated.

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