What Is ICHI (ONEICHI)? Complete Guide & Review About Stable ICHI

What Is ICHI (ONEICHI)?

ICHI is a Decentralized Autonomous Organization (DAO) that gives crypto projects the tools they need to participate in DeFi more efficiently. Build protocol owned liquidity without selling your project’s token.

Important Points Table Of ICHI

How to Buy the Continental & Trade On Exchange?

ICHI’s Solution

They solves these problems by providing crypto projects the tools they need to operate their own sustainable, community-controlled economies. ICHI creates products that allow a project to develop their own stable asset (backed by their community’s token), and their own liquidity programs that turns Total Value Locked into Protocol Owned Liquidity. These products include:

1. Angel Vaults
2. HODL Vaults
3. Branded Dollars

With these products, aligns incentives between crypto projects and their communities by encouraging the purchasing and use of their project’s tokens.

The ICHI community believes in the following:

• They exist to provide member communities with all the benefits of their own currency.
• Voting power derived from governs ICHI.
• Only the community of each individual project can govern the treasury backing its currency.
• The holders are incentivized to grow member communities.

Community members can participate in governance through Snapshot. Any community member may propose a change to a tenet. After rigorous debate, the community may vote to change, add, or remove a tenet.

Core Themes

• They turns Total Value Locked into Protocol Owned Liquidity.
• They enables community-controlled and truly decentralized DeFi.
• The helps crypto projects build communities and protect their token price.
• They turns DeFi into an improved revenue stream for crypto projects.
• They aligns incentives between crypto projects and their users.

The ICHI DAO Community

DAO Structure

ICHI is a Decentralized Autonomous Organization (DAO) which means operations and decisions are dictated by hodlers. The current DAO structure is a representation of the mechanism voted upon by xICHI hodlers.

The current leadership and workstream structure includes a community workstream consisting of a community coordinator, online moderators, and community team. It also includes core-team members from organizations hired by the DAO.

Ambassador Program

ICHI Community Team includes an Ambassador Program designed for community members to join the team on a part-time basis. They Ambassadors must possess an knowledge of they, desire and skills to work part-time for the DAO, and run through an application process operated by the community coordinator.

The ICHI Foundation

The ICHI Foundation was created by the DAO and it enables the community to carry out the wishes of the DAO, deploy on other chains, establish a grant program and hire a larger, decentralized team for marketing, growth and development. The Foundation is an incorporated entity, operated and deployed by the community, and ensures the safety and legality of all ICHI operations.

Community Control

The community treasury is operated by multi-signature wallets that are held by a collection of delegated community members and core-team members.

Governance

Governing the ICHI DAO . ICHI is a DAO () governed by the community of ICHI token stakers and liquidity providers. ICHI’s proposals are created and voted for on . Community Members can get ICHI powah (voting power) through:
Staking for ​
Providing liquidity on and .

xICHI

Staking ICHI tokens gives stakers xICHI. xICHI gives users:

1. ICHIpowah to propose and vote on ICHI governance proposals to determine future features and/or parameters of the platform as well as protocol improvements, with voting weight calculated in proportion to the tokens staked.
2. Rewards for participating in governance proposals. It is the community members which would drive development of the platform, so token incentives would need to be distributed to compensate them for their time, expertise and effort. Only users who have participated in submission of proposals, commenting, reviewing and/or voting will be entitled to receive token governance rewards.