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About 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.

ImmortalDAO Finance (IMMO) is a cryptocurrency launched in 2022. IMMO has a current supply of 13,301.00 with 0 in circulation. The last known price of IMMO is 0.49713483419 USD and is 0.001751662214 over the last 24 hours. It is currently trading on active market(s) with $2.19 traded over the last 24 hours. More information can be found at https://www.immortaldao.finance.

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IMMO Price Statistics
IMMO’s Price Today
24h Price Change
+$0.0017516622140.35%
24h Volume
$2.1938.58%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6908
IMMO Market Cap
Market Cap
$0
Fully Diluted Market Cap
$6,612.39
IMMO Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
IMMO Supply
Circulating Supply
0
Total Supply
13,301.00
Max Supply
0
Updated Jul 27, 2024 2:10 pm
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IMMO
ImmortalDAO Finance
$0.49713483419
$0.001751662214(+0.35%)
Mkt Cap $0
There's nothing here for now
Hong Kong's virtual asset ETF market has established a mature structure, including exchanges, market makers, primary and secondary custodians, etc.
Hong Kong's virtual asset ETF market has established a mature structure, including exchanges, market makers, primary and secondary custodians, etc.
Wang Long, chairman of the Greater Bay Area Financiers Association, pointed out in an article published in Ta Kung Pao that although Hong Kong's virtual asset ETF market is still in the development stage compared to the United States, it has established a mature structure, including exchanges, market makers, primary and secondary custodians, etc. In April this year, the Hong Kong Securities Regulatory Commission approved 6 and 14 virtual asset spot ETFs, including Hong Kong dollars, US dollars, and RMB categories, which are limited to trading on trading platforms holding Hong Kong Securities Regulatory Commission licenses. In summary, the development of Web3's DeFi is optimistic. For example, the development of RWA is predicted to exceed 10 trillion US dollars. The reason for optimism is that although there are some financial instruments in the real world, such as pledges, derivatives, and swaps, these instruments cannot effectively solve the problem. The development of RWA aims to introduce more stable and diversified financial products by leveraging decentralized technology to provide more robust returns and reduce the cost of holding funds in virtual assets. The introduction of RWA will help enrich the financial instruments in the virtual world, meet the huge financial needs in the real world, and provide new market opportunities for financial practitioners. Nowadays, more and more global investors are paying attention to how to invest in virtual assets. The United States and Hong Kong have also approved the listing of virtual asset ETF funds, and the scale of investment has also increased rapidly. Decentralization appears to be opposed to the centralization of traditional financial infrastructure architecture, but in fact they are unified. Blockchain finance has been developed for more than ten years. Now many traditional financial institutions are paying attention and learning. In the future, the application of traditional finance based on blockchain decentralization will become more and more in-depth, and the application of DeFi will become more and more abundant.
Jul 27, 2024 1:56 pm

Frequently Asked Questions

  • What is the all-time high price of ImmortalDAO Finance (IMMO)?

    The all-time high of IMMO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of ImmortalDAO Finance (IMMO) is 0. The current price of IMMO is down 0% from its all-time high.

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  • How much ImmortalDAO Finance (IMMO) is there in circulation?

    As of , there is currently 0 IMMO in circulation. IMMO has a maximum supply of 0.

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  • What is the market cap of ImmortalDAO Finance (IMMO)?

    The current market cap of IMMO is 0. It is calculated by multiplying the current supply of IMMO by its real-time market price of 0.49713483419.

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  • What is the all-time low price of ImmortalDAO Finance (IMMO)?

    The all-time low of IMMO was 0 , from which the coin is now up 0%. The all-time low price of ImmortalDAO Finance (IMMO) is 0. The current price of IMMO is up 0% from its all-time low.

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  • Is ImmortalDAO Finance (IMMO) a good investment?

    ImmortalDAO Finance (IMMO) has a market capitalization of $0 and is ranked #6908 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze ImmortalDAO Finance (IMMO) price trends and patterns to find the best time to purchase IMMO.

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