Cryptocurrency ImmortalDAO (IMMO)

The price for ImmortalDAO (IMMO) cryptocurrency is currently 0.56 $ (15 min delay), daily range of currency change is 0.55 - 0.60 .
Last 24 hours news: trading volume - 1.24K $, price variance +0.39% .
The highest trading volume belongs to the pair 0XE685D21B7B0FC7A248A6A8E03B8DB22D013AA2EE/0X918146359264C492BD6934071C6BD31C854EDBC3 at the Ubeswap exchange

Project Website - https://www.immortaldao.finance/
Explorer of transactions - https://explorer.celo.org/token/0xE685d21b7B0FC7A248a6A8E03b8Db22d013Aa2eE/token-transfers
Twitter Account - https://twitter.com/ImmortalDAO_Fi

Chart ImmortalDAO (IMMO)

Current price ImmortalDAO (immo)	0.56 $
Market Capitalization	0.00 $
Trading Volume last 24h	9.36 $
Minimum exchange rate (24h)	0.026 $
Maximum exchange rate (24h)	0.51 $
Absolute maximum	175.25 $
Absolute minimum	0.0061 $

ImmortalDAO Quotes

#	Exchange	Pair	Price	Spread	Volume	Last traded
1	Ubeswap	0XE685D21B7B0FC7A248A6A8E03B8DB22D013AA2EE/0X918146359264C492BD6934071C6BD31C854EDBC3	0.49 $ 0.493729$	0.69%	2.48 $	2024-04-23 17:01:35

What is ImmortalDAO (IMMO)

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.