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Iron BSC($IRON)
$0.01054454
Low $0.0
High $0.0
What is 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 us...
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
Issuance Blockchain
BNB Chain
Funds
Influencers
CoinScouts Grade
Market Statistics
Volume
$1.00
Market Cap
$0.00
Fully Diluted
$4,405.52
Market cap Value
0 %
Circulating Supply
0
Max Supply
∞
Total Supply
417,801
% of Total Supply
0.00%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
Iron BSC Statistics
Name
Iron BSCTicker
IRONPrice
$0.0105445424 Hour Trading Volume
$1.0024 Hour Volume Change
0.00%Market cap
$0.0024 Hour Market Cap Change
0.00%Fully Diluted Market Cap
$4,405.52Price change 24 hour
0.05%Price change 7 days
0.00%Price change 14 days
0.05%Price change 30 days
-4.93%All Time Low/High
$0.00993242 | $1.96Percentage Change Since All Time High
-99.46%Percentage Change Since All Time Low
6.16%Market cap rank
N/AVolume / Market Cap
0Issuance Blockchain
BNB ChainCirculating Supply
0 (0.00%)Max Supply
∞Total Supply
417,80124h Volatility
$0.00Twitter Followers
27,524Telegram Users
7,176Reddit Subscribers
0Github subs
2Github issues
0Iron BSC Markets
Upcoming Iron BSC Events
No upcoming events for Iron BSC known.
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Iron BSC News
No news for Iron BSC known.