IRON

IronIRON

Rank #4688
Token
On 1,411 watchlists

Iron Price (IRON)

$0.9884
0.11%

0.00001604 BTC4.26%

0.0002567 ETH0.95%

Low:$0.9859
High:$0.9913
24h
IRON  Iron IRON
Price:
$0.9884
 0.11%
Market Cap
- -

Why is there no Market Cap? 

Read More

Fully Diluted Market Cap
- -
Volume
24h
$14,562
66.30%
Volume / Market Cap
--
Circulating Supply
--

Why is there no Total Supply? 

Read More

Sponsored

Iron to USD Chart

Loading Data

Please wait, we are loading chart data

IRON Price Live Data

The live Iron price today is $0.988425 USD with a 24-hour trading volume of $14,562.25 USD. We update our IRON to USD price in real-time. Iron is down 0.11% in the last 24 hours. The current CoinMarketCap ranking is #4688, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

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

IRON to USD Converter

converter-coin-logo

IRON

Iron

converter-coin-logo

USD

United States Dollar

IRON Price Statistics

Iron Price Today
Iron Price$0.9884
Price Change24h$-0.001078
0.11%
24h Low / 24h High
$0.9859 /
$0.9913
Trading Volume24h$14,562.25
66.30%
Volume / Market CapNo Data
Market DominanceNo Data
Market Rank#4688
Iron Market Cap
Market CapNo Data
Fully Diluted Market CapNo Data
Iron Price Yesterday
Yesterday's Low / High
$0.9861 /
$0.996
Yesterday's Open / Close
$0.996 /
$0.989
Yesterday's Change

0.7%

Yesterday's Volume$30,206.18
Iron Price History
7d Low / 7d High
$0.9859 /
$1.00
30d Low / 30d High
$0.9783 /
$1.02
90d Low / 90d High
$0.7579 /
$1.07
52 Week Low / 52 Week High
$0.7141 /
$1.07
All Time High
Sep 02, 2021 (a month ago)
$1.07
7.72%
All Time Low
Jun 17, 2021 (4 months ago)
$0.7141
38.41%
Iron ROI
No Data
Iron Supply
Circulating SupplyNo Data
Total SupplyNo Data
Max SupplyNo Data