ICHI Aligns Incentives Between Crypto Projects & Their Users Through Community-Controlled & Capital-Efficient DeFi
ICHI, a Decentralized Autonomous Organization (DAO) that provides the infrastructure needed for crypto projects to leverage community-controlled and truly decentralized DeFi, announces its $ICHI token will be listing with leading digital asset and cryptocurrency trading platform MEXC on July 21 at 9am(UTC). This listing — the first for ICHI on a centralized exchange — makes $ICHI accessible to MEXC’s seven million users.
ICHI’s DeFi native protocols enable crypto projects to build wealth and grow through community-governed liquidity and stablecoin programs. This is critically needed to help crypto grow because traditional DeFi relies on centralized business models that extract value from crypto projects. For example, crypto projects need stable assets for business transactions and are forced to sell their tokens in exchange for stable tokens. At the same time, traditional liquidity programs force crypto projects to put their tokens up for sale in exchange for necessary liquidity. ICHI solves these problems by providing crypto communities the tools to create new liquidity programs and community-controlled stablecoins that encourage users to purchase — rather than sell — a project’s token.
ICHI’s liquidity management protocol — called ICHI Vaults — allow single-sided asset deposits for crypto projects to create necessary liquidity without having to sell the community’s tokens. ICHI Vaults enable projects to build a treasury of protocol-owned liquidity while also rewarding liquidity providers with better fees. Crypto projects use ICHI to easily leverage Uniswap V3 for concentrated liquidity programs that are capital efficient, enabling their users to buy the project’s tokens with significantly reduced slippage.
In addition to MEXC, $ICHI can be bought directly on multiple decentralized exchanges including Uniswap, Bancor and SushiSwap.
MEXC is one of the top three cryptocurrency exchanges in Asia, with the fastest listing speed and most assets. According to CoinGecko, in 2021, six of the top 10 highest-yielding cryptocurrencies are available on MEXC, the average highest yield exceeds 6,600%.
ICHI is a Decentralized Autonomous Organization (DAO) that gives crypto projects the tools they need to participate in DeFi more efficiently. Learn more by visiting the ICHI website, Medium, Twitter, Telegram and Discord.
About MEXC Global
Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services, including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.