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Iron BSC (IRON) Iron BSC (IRON)
0.01063429 0.15 %
Rank # 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 0.00
Total Supply 417,801.96
Max Supply 0.00
  • Ethereum binance-smart-chain-0x7b65b489fe53fce1f6548db886c08ad73111ddd8
  • Ethereum fantom-0x260b3e40c714ce8196465ec824cd8bb915081812
  Week Month Year All Time
High

29-Feb-2024

0.010676023338
-0.39%

29-Feb-2024

0.010676023338
-0.39%

28-Dec-2023

0.014003803343
-24.06%

23-Sep-2022

₹5,730,800.59
-99.46%
Low

29-Feb-2024

0.01063429
0.00%

26-Jan-2024

0.009705240458
9.57%

17-Dec-2023

0.00936464
13.56%

17-Dec-2023

₹5,628.29
12.96%

Iron BSC News (Iron News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Iron BSC Chart (Iron Chart)

Iron BSC Price USD (Iron Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
Iron BSC Price History (Iron Price History)
Price Market Cap Volume Date
Iron BSC (IRON) Social Media
Coin Iron BSC
Comments
Iron BSC Price Today (Iron Price Today)
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
Frequently Asked Questions (Crypto FAQs)
The current price of Iron BSC (IRON) is USD 0.01063429
24 Hours, High Price of Iron BSC (IRON) is USD 0.01085631 and Low price of Iron BSC (IRON) is USD 0.01049597
The total supply of Iron BSC (IRON) is 417801.95830915 and Circulating supply of Iron BSC (IRON) is 0.00
The trading volume of Iron BSC (IRON) is 626 In the last 24 hours