Today ImmortalDAO (IMMO) only traded on Ubeswap. The maximum trading volume is observed for the trading pair IMMO/MCUSD and reaches 4 dollars (92% of the total volume across all exchanges). During the week, the minimum price for ImmortalDAO (IMMO) is fixed on Sunday at 0.49 cents. Currently, the token ImmortalDAO is trading in the range of 48.98 cents or 50.44 rubles for 1 IMMO.
IMMO ImmortalDAO
Price of ImmortalDAO (IMMO)
Exchanges where IMMO is traded
Exchange | Pair | Price | Volume, 24h | ||
---|---|---|---|---|---|
1 | Ubeswap V2 | IMMO/MCUSD |
$ 0.49
MCUSD 0.4893
|
$ 4 | Go |
Calculator IMMO
1 IMMO = 0.49 USD
What is ImmortalDAO?
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.
Official websites and links for ImmortalDAO
There are currently about 4 official links to ImmortalDAO websites and social media:
- Website - immortaldao.finance
- Twitter - twitter.com/ImmortalDAO_Fi
- Facebook - facebook.com
- GitHub - github.com/ImmortalDAO-Fi/immortaldao-contracts