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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 0.492428334361 USD and is -0.004007962457 over the last 24 hours. It is currently trading on active market(s) with $0.77033403 traded over the last 24 hours. More information can be found at https://www.immortaldao.finance.

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Updated Jun 17, 2024 8:20 am
ImmortalDAO Finance
Mkt Cap $0
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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 0.492428334361.

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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 #6679 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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