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immo ImmortalDAO #
0.71 USD 0.13% +0.00
DAY RANGE
0.69 0.75
Circulating supply 0
Total supply 9.2K
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immo Price

Current Price 0.71 USD
Price Change 24H 0.00 USD
Price Change 24H 0.13%
Price Change 7D 9.87%
Price Change 14D 10.95%
Price Change 30D 19.58%
Price Change 60D 39.42%
Price Change 1Y -99.36%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 175.25 USD
ATH Change -99.60%
ATH Date 2022, Jan 21

immo Markets

Ubeswap
0XE685D21B7B0FC7A248A6A8E03B8DB22D013AA2EE/0X918146359264C492BD6934071C6BD31C854EDBC3
Last price: 0.71 USD
Last price: 0.72 0X918146359264C492BD6934071C6BD31C854EDBC3
Spread: 0.61%
24H Volume:
1.5K USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

ImmortalDAO

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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