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Iron BSC

Iron BSC
1 IRON =
 $ 0.011
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Market Capitalization:
0.00 $
Circulating supply:
0.00 IRON
Maximum:
417.80K IRON
Volume (24h):
5.00 $
Daily range:
0.011 - 0.011
Changes (7d):
+1.61%

Cryptocurrency Iron BSC (IRON)

The price for Iron BSC (IRON) cryptocurrency is currently 0.011 $ (15 min delay), daily range of currency change is 0.011 - 0.011 .
Last 24 hours news: trading volume - 5.00 $, price variance +0.71% .
The highest trading volume belongs to the pair 0X7B65B489FE53FCE1F6548DB886C08AD73111DDD8/BUSD at the vSwap BSC exchange

Project Website - https://iron.finance/
Explorer of transactions - https://bscscan.com/token/0x7b65b489fe53fce1f6548db886c08ad73111ddd8
Twitter Account - https://twitter.com/IronFinance

Chart Iron BSC (IRON)

Current price Iron BSC (iron) 0.011 $
Market Capitalization 0.00 $
Trading Volume last 24h 4.66 $
Absolute maximum 1.96 $
Absolute minimum 0.0094 $

Iron BSC Quotes

#
Exchange
Pair
Price
Spread
Volume
Last traded
1
0.013 $
0.01319832$
0.74% 4.70 $ 2024-03-25 14:29:16

What is Iron BSC (IRON)

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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