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ImmortalDAO Price

IMMO
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ImmortalDAO(IMMO) Price Live Chart

ImmortalDAO(IMMO) Price Today

ImmortalDAO(IMMO) price today is $1.06, with a 24-hour trading volume of $1.04 and as such ImmortalDAO(IMMO) has a market cap of --, giving it a market dominance of 0.00000028%. The ImmortalDAO(IMMO) price moved +0.87% in the last 24 hours.

IMMO Price Data

  • 24H Volume$1.04
  • All-Time High(ATH)$175.25
  • 24h High$1.06
  • All-Time Low(ATL)$0.006103
  • 24h Low$1.05

IMMO Market Cap Infos

  • Fully Diluted Valuation$9.87K
  • Market SentimentNeutral

IMMO Supply

  • Total Supply9.23K IMMO
  • Max Supply9.23K IMMO

About ImmortalDAO (IMMO)

Contract

0xe685d21...d013aa2ee

Explorers

explorer.celo.org

Website

immortaldao.finance

Community

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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