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iron Iron BSC #
0.01 USD 0.00% 0.00
DAY RANGE
Circulating supply 0
Total supply 417.8K
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iron Price

Current Price 0.01 USD
Price Change 24H 0.00 USD
Price Change 24H 0.00%
Price Change 7D -7.85%
Price Change 14D -6.49%
Price Change 30D -6.87%
Price Change 60D 0.00%
Price Change 1Y -98.94%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 1.96 USD
ATH Change -99.49%
ATH Date 2022, Sep 22

iron Markets

vSwap BSC
0X7B65B489FE53FCE1F6548DB886C08AD73111DDD8/BUSD
Last price: 0.01 USD
Last price: 0.01 BUSD
Spread: 0.76%
24H Volume:
1.9 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Iron BSC

Stablecoin - a digital asset that is pegged to fiat currency - is considered as the most important cornerstone in DeFi. Stablecoins provide an excellent method to park money during trading or to use as a base currency. The most prominent use case of stablecoins is stability and how it helps cryptocurrency users, especially traders, hedge against volatility.

There are several types of stablecoins, including fiat-backed, crypto-collateralized, and algorithmically stabilized stablecoins. While fiat-backed stablecoins are not 100% decentralized, crypto-collateralized stablecoins like DAI have issues of over-collateralization. On the other hand, purely algorithmic protocols such as Basis, ESD, DSD and others provide a very noble solution to establish stablecoins with no backed assets. The issue with purely algorithmic protocols is their ability to react on volatility, which results in many of these algo-stablecoins ending up in deadzone.

Inspired by FRAX - the unique fractional-algorithmic stablecoin on Ethereum, using the same design, we’d like to introduce IRON, the first partial-collateralized stablecoin on Binance Smart Chain.

Iron protocol will have 2 tokens: IRON and STEEL.

STEEL - Iron Share - is the algorithmic token which accrues seigniorage revenue and excess collateral value.

IRON is a stablecoin pegged to $1, partially backed by collateral like BUSD, USDT and partially backed algorithmically by STEEL. The ratio of collateralized and algorithmic, so called Collateral Ratio (CR), depends on the market pricing of IRON.

The ratio of collateralized and algorithmic assets will depend on the market price of IRON. If IRON > $1, meaning the market's demand for IRON is high, the system can de-collateralize by decreasing the CR. If IRON

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