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nacho Nacho Finance #
0.37 USD -1.35% -0.01
0.37 0.38
Circulating supply 0
Total supply 264.8K
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nacho Price

Current Price 0.37 USD
Price Change 24H -0.01 USD
Price Change 24H -1.35%
Price Change 7D 0.59%
Price Change 14D -3.48%
Price Change 30D -0.69%
Price Change 60D -5.73%
Price Change 1Y -84.02%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 26.12 USD
ATH Change -98.59%
ATH Date 2022, Sep 12

nacho Markets

Last price: 0.37 USD
Last price: 0.00 0X7CEB23FD6BC0ADD59E62AC25578270CFF1B9F619
Spread: 0.61%
24H Volume:
1.6 USD
Last price: 0.38 USD
Last price: 0.00 0X7CEB23FD6BC0ADD59E62AC25578270CFF1B9F619
Spread: 0.62%
24H Volume:
13.9 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

Nacho Finance

Nacho Finance was inspired by and is a seigniorage style algorithmic stablecoin protocol designed to bring high APRs, with low fees, to Ethereum holders on the Polygon Network.

Nacho Finance is a multi-token protocol that consists of the following three tokens:

- Nacho Token (NACHO) (Medium of exchange)

- Nacho Shares (NSHARE) (Governance & Measure of protocol value)

- Nacho Bonds (NBOND) (Change NACHO supply during contraction periods)

The NACHO algorithmic token serves as the backbone of our growing ecosystem aimed at bringing high APRs to ETH holders on the Polygon Network. The protocol's underlying mechanisms dynamically adjust NACHO's supply, pushing its price up or down relative to the price of ETH in order to keep NACHO's peg to the ETH price.

NACHO Shares (NSHARE) are one of the ways to measure the value of the NACHO Protocol and shareholder trust in its ability to maintain NACHO close to peg. During epoch expansions the protocol mints NACHO and distributes it proportionally to all NSHARE holders who have staked their tokens in the Bowl.

Additionally, NSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the NACHO money ecosystem.

NACHO Bonds (NBOND) main job is to help incentivize changes in NACHO supply during an epoch contraction period.