NACHO Price Today
Nacho Finance price today is $0.522573 with a 24-hour trading volume of $392.27. NACHO price is up 3.5% in the last 24 hours. It has a circulating supply of 0 NACHO coins and a total supply of 265 Thousand. If you are looking to buy or sell Nacho Finance, Quickswap is currently the most active exchange.
What was the highest price for Nacho Finance?
Nacho Finance hit an all time high of $12.62 on Dec 18, 2021 (5 months).
What was the lowest price for Nacho Finance?
Nacho Finance had an all time low of $0.473069 on May 12, 2022 (11 days).
What was the 24 hour trading volume of Nacho Finance?
The 24 hour trading volume of Nacho Finance is $392.27.
Where can Nacho Finance be traded?
You can trade Nacho Finance on Quickswap and NachoSwap.
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.