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2,384 people like this
iron  (IRON)

Iron (IRON)

$0.948392 0.8%
0.00002439 BTC -1.9%
2,384 people like this
24H Range
Market Cap ?
24 Hour Trading Vol $46,086
Total Value Locked (TVL) $262,496,114
Market Cap / TVL Ratio 0.0
Circulating Supply ?
Total Supply 40,721,198
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Iron (IRON) Price Chart

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IRON Price and Market Stats

IRON Price $0.942860
Market Cap ?
Market Cap Dominance 0.00%
Trading Volume $45,170
Volume / Market Cap
24h Low / 24h High $0.756165 / $0.993718
7d Low / 7d High $0.755088 / $0.989607
Market Cap Rank N/A
All-Time High $1.10 -14.1%
Apr 01, 2021 (4 months)
All-Time Low $0.615897 53.5%
Jun 17, 2021 (about 2 months)

Iron Coin Price & Market Data

Iron price today is $0.948392 with a 24-hour trading volume of $46,086. IRON price is up 0.8% in the last 24 hours. It has a circulating supply of 0 IRON coins and a total supply of 40.7 Million. If you are looking to buy or sell Iron, Virgox is currently the most active exchange.

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

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