Inactive
iron Iron BSC
$ 0.0138
0.062038 BTC
20 satoshies
Market Cap
-
24 Hour Trading Vol
0.9982 $
Circulating Supply
-
Total Supply
417,802
Max Supply
-
Fully Diluted Valuation
5,768.05 $
Coin Information
This coin is no longer being updated and is inactive. Its information may be updated in the future, but it is not currently active.
Last updated 17 August, 2024
Low
Range
High
Info
Contract
0x7b65b489fe53fce1f6548db886c08ad73111
ddd8
Website
Explorers
Community
Search on
API id
Source code
tags
1h
24h
7d
1m
1y
max
0%
0%
0%
0%
0%
0%
Iron BSC Price Statistics
0.0138 $
0.01384 $ / 0.01398 $
0.9982 $
#32964
1.96 $
-99.29%
22 September, 2022, (3 years ago)
0.009364 $
47.42%
17 December, 2023, (2 years ago)
About Coin
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
What is the highest value Iron BSC (IRON) has ever reached?
Iron BSC (IRON) reached its peak price at 1.96 $ on 22 September 2022, approximately 3 years ago ago. Presently, the current price is -99.29% lower than this all-time high.
What is the historical minimum price for Iron BSC (IRON)?
The minimum price reached for Iron BSC (IRON) was 0.009364 $, documented on 17 December 2023, more than 2 years ago. In comparison, the current price is 47.42%, it above this historical low.
What is the fully diluted valuation of Iron BSC (IRON)?
The fully diluted valuation (FDV) of Iron BSC (IRON) stands at $ 5,768.05. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of IRON tokens. The realization of this FDV might take several years depending on the emission schedule of IRON tokens.
How to add Iron BSC (IRON) to MetaMask?
By integrating Iron BSC (IRON) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import IRON as a token. You can either manually import IRON by copying its contract address (0x7b65b489fe53fce1f6548db886c08ad73111ddd8) or use MetaMask's Chrome extension to add IRON with a single click through P.CASH.
How to add Iron BSC (IRON) to TrustWallet?
Incorporating Iron BSC (IRON) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include IRON, you can either manually import it using the contract address (0x7b65b489fe53fce1f6548db886c08ad73111ddd8) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
IMPORTANT DISCLAIMER:
The information presented on our website and associated platforms is sourced from third parties and is intended for general informational purposes only. We do not guarantee the accuracy or timeliness of this content. None of the information provided should be construed as financial, legal, or other professional advice tailored to your specific needs. Your use of this content is at your own discretion and risk. It's important to independently research, evaluate, and verify the information before relying on it. Trading carries significant risks, so it's advisable to consult with a financial advisor before making any decisions. Our content is not intended to solicit or offer any services.