oneTokens are stablecoins created specifically for crypto communities minted through a mixture of stablecoin(s) and the community’s native project token. Each oneToken instance (e.g. oneBTC) is implemented as an ERC20 token.
A new project stablecoin is added whenever the ICHI community votes on and passes a proposal to create a new stablecoin for that native project token. This can be done either in conjunction with or in isolation of the community of the native project token. The former case has led to more successful and hands-on oneToken communities. Current oneTokens include:
Filecoin, Consensys, Protocol Labs, Ren Protocol