ImmortalDAO Price (IMMO)

Price of ImmortalDAO (IMMO) Today

The live price of ImmortalDAO (IMMO) today is 0.332092 USD. It has a current market cap of $ 0.00 USD. IMMO to USD price is updated in real-time.
Key ImmortalDAO Market Performance:
- 24-hour trading volume is $ 1.50 USD
- ImmortalDAO price change within the day is -0.49%
- It has a circulating supply of 0.00 USD

Get real-time price updates of the IMMO to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate IMMO price information.

ImmortalDAO (IMMO) Price Performance in USD

During today, the price change of ImmortalDAO to USD was $ -0.0016372172450658.
In the past 30 days, the price change of ImmortalDAO to USD was $ -0.1097002824.
In the past 60 days, the price change of ImmortalDAO to USD was $ -0.1051867204.
In the past 90 days, the price change of ImmortalDAO to USD was $ -0.15383767074405863.

ImmortalDAO (IMMO) Price Analysis

Discover the latest price analysis of ImmortalDAO: 24h Low & High, ATH and daily changes:

ImmortalDAO (IMMO) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is ImmortalDAO (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. IMMO is the native utility token that is used for staking and bonding on our decentralised Application (https://www.immortaldao.finance/) as well as governance votes to determine how network resources are allocated.

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Disclaimer

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