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About 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

Iron (IRON) is a cryptocurrency launched in 2021. IRON has a current supply of 0 with 0 in circulation. The last known price of IRON is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://iron.finance/.

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IRON Price Statistics
IRON’s Price Today
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Updated Mar 15, 2024 7:30 am
Mkt Cap $0
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Frequently Asked Questions

  • What is the all-time high price of Iron (IRON)?

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

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  • How much Iron (IRON) is there in circulation?

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

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  • What is the market cap of Iron (IRON)?

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

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  • What is the all-time low price of Iron (IRON)?

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

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  • Is Iron (IRON) a good investment?

    Iron (IRON) has a market capitalization of $0 and is ranked #4818 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 Iron (IRON) price trends and patterns to find the best time to purchase IRON.

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