History & Fair Launch

ICHI History since genesis and Fair Launch Details

The ICHI platform has been governed by the community from the first block:

  • No pre-sale

  • No ICHI compensation to core team until 3 months after launch.

  • 5M ICHI HARD CAP - All 5M went to Farming Contract

  • ICHI halvings are scheduled by community vote

  • ICHI is farmed to the ICHI Community Treasury, any unallocated ICHI is returned to farming contract

  • Ichipowah controls ICHI Community Treasury, to be allocated towards platform maintenance and upgrades

  • Ichipowah is calculated by staked ICHI and LP deposited into ICHI liquidity pools

Key Milestones

For history on all proposals suggested and passed by the community visit ICHI's Snapshot.

Date

Milestone

April 22nd, 2021

ICHI passes a proposal to accept a grant from Moonbeam (Polkadot parachain) and begin making ICHI a multichain asset.

March 26th, 2021

ICHI passes a proposal to partner with 1inch and provide $1MM 1INCH-ICHI Liquidity Deal for the ICHI-1inch farm

March 5th, 2021

oneToken Release: oneVBTC on Ethereum mainnet for the strudel.finance Community.

February 5th, 2021

oneToken Release: oneWING released on Ethereum mainnet for the wing.finance Community.

December 26th, 2020

ICHI Community extended an ecosystem grant to Accomplice Blockchain and Collider Ventures:

Milestones:

  • $1.5mm funding round starting at $15m valuations, or ICHI market cap of $100mm fully diluted- should the community decide not to raise capital - 2% total supply.

  • 0.5% when 100mm oneTokens in circulation within 18 months, 0.1% bonus for every additional 77mm (max 1% total).

  • 5 collaborative listings on top 31 DeFiPulse projects, for a minimum 60 consecutive days - 1% of total supply (excludes Suhiswap)

  • 20 oneTokens issued with top 200 on CMC within 18 months - 1% total supply

November 30th, 2020

oneToken Release: oneLINK released on Ethereum mainnet Block 11360000 for the Chainlink Community.

November 22nd, 2020

oneToken Release: oneBTC released on Ethereum mainnet Block 1131000 for the Bitcoin community.

November 15th, 2020

5,000,000 ICHI were transferred to ICHI farming contract

  • 50% to regular farming

  • 50% to bumper crop farming

oneToken Release: oneETH released on Ethereum mainnet Block 11260000 for the Ethereum community.

November 13th, 2020

5,000,000 ICHI were minted - additional minting is impossible

  • ICHI token contract has no owner and no governance

  • No way to generate new ICHI tokens

  • No opportunity to new minters