Inactive
nacho Nacho Finance
$ 0.05033
0.066158 BTC
61 satoshies
Market Cap
-
24 Hour Trading Vol
6.6214 $
Circulating Supply
-
Total Supply
264,755
Max Supply
100,00 MLN.
Fully Diluted Valuation
13,325.59 $
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This coin is no longer being updated and is inactive.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 06 April, 2025
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Nacho Finance Price Statistics
0.05033 $
0.04952 $ / 0.05033 $
6.6214 $
#23503
26.12 $
-99.8%
12 September, 2022, (3 years ago)
0.02554 $
96.99%
12 June, 2023, (2 years ago)
About Coin
Nacho Finance was inspired by tomb.finance and is a seigniorage style algorithmic stablecoin protocol designed to bring high APRs, with low fees, to Ethereum holders on the Polygon Network.
Nacho Finance is a multi-token protocol that consists of the following three tokens:
- Nacho Token (NACHO) (Medium of exchange)
- Nacho Shares (NSHARE) (Governance & Measure of protocol value)
- Nacho Bonds (NBOND) (Change NACHO supply during contraction periods)
The NACHO algorithmic token serves as the backbone of our growing ecosystem aimed at bringing high APRs to ETH holders on the Polygon Network. The protocol's underlying mechanisms dynamically adjust NACHO's supply, pushing its price up or down relative to the price of ETH in order to keep NACHO's peg to the ETH price.
NACHO Shares (NSHARE) are one of the ways to measure the value of the NACHO Protocol and shareholder trust in its ability to maintain NACHO close to peg. During epoch expansions the protocol mints NACHO and distributes it proportionally to all NSHARE holders who have staked their tokens in the Bowl.
Additionally, NSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the NACHO money ecosystem.
NACHO Bonds (NBOND) main job is to help incentivize changes in NACHO supply during an epoch contraction period.
What is the highest value Nacho Finance (NACHO) has ever reached?
Nacho Finance (NACHO) reached its peak price at 26.12 $ on 12 September 2022, approximately 3 years ago ago. Presently, the current price is -99.8% lower than this all-time high.
What is the historical minimum price for Nacho Finance (NACHO)?
The minimum price reached for Nacho Finance (NACHO) was 0.02554 $, documented on 12 June 2023, more than 2 years ago. In comparison, the current price is 96.99%, it above this historical low.
What is the fully diluted valuation of Nacho Finance (NACHO)?
The fully diluted valuation (FDV) of Nacho Finance (NACHO) stands at $ 13,325.59. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 100,000,000 NACHO tokens. The realization of this FDV might take several years depending on the emission schedule of NACHO tokens.
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