*ICHI Creates Decentralized Currency Authority for Filecoin to Support Web3.0

*oneFIL stablecoin provides a reliable form of payment for decentralized exchanges

*ICHI cooperates with ConsenSys to build the Filecoin ecosystem on the Ethereum mainnet

ICHI, the protocol that created the world's first decentralized monetary authority (DMAs), announced the launch of oneFIL, the stablecoin for the Filecoin community. With ConsenSys bringing Filecoin to Ethereum, oneFIL will now be a reliable and standardized form of payment for the Filecoin decentralized storage ecosystem.

Filecoin pioneered the idea that storage should be open, accessible, and decentralized. As Filecoin partners with ConsenSys and Ren Protocol to expand its peer-to-peer storage marketplace on the Ethereum mainnet, oneFIL will provide a stablecoin to support the transactions required for Web3.0 application development. oneFIL can now be used to pay for hardware fees, storage fees, and earn income in DeFi, etc.

The ICHI protocol is fully audited by Quantstamp, which can provide any crypto community with the ability to easily create secure, verifiable and standardized stablecoins. Unlike other stablecoin projects, the ICHI Protocol provides every crypto community with the tools they need to operate every aspect of a sustainable, scalable economy. By creating your own DMA project you can:

1) Create a customized and audited stablecoin protocol: The ICHI protocol can be configured to the standards required by the community. Generating each oneToken requires USDC and the community's scarce tokens.

2) Develop liquidity mining incentives: The community creates an initial mining plan to encourage the creation of its oneToken and provide the necessary collateral.

3) Election multi-signature governance: A community-controlled treasury, created when oneToken was created, is governed through decentralized voting, and each oneToken is one vote. The community decides how to use the treasury to provide better discounts, better interest rates, and other incentives to support and grow their community.

The ICHI protocol’s oneTokens are capital-efficient, as they can be created and redeemed at a precise value of $1. All stablecoins created using the ICHI protocol are a mixture of fiat currency-backed stablecoins and the community's native scarce tokens. This is in stark contrast to algorithmic stablecoins or partially collateralized stablecoins such as Iron.Finance and Fei. The ICHI protocol is also fully chained, so anyone can view the reserve and mortgage pool at any time.

Bryan Gross, former chief product manager of IBM's blockchain department, said: "Filecoin is helping to create a more resilient, stronger and more efficient Internet by enabling a truly decentralized storage network. We are proud to provide all Filecoin users with Total freedom to spend, invest, save, etc. as they help realize the full potential of Web 3.0".

Corbin Page, product director of ConsenSys, said, "oneFIL can serve as a stable medium of exchange for the Filecoin community, which is powering web 3.0 through decentralized storage, while Ethereum DeFi serves as the financial system for this emerging industry. oneFIL is a provider of It provides a stable way to exchange web3.0 storage services with consumers, and also opens up a new revenue model for FIL and renFIL holders.

Following the launch of stablecoin oneFIL, distributed storage network token Filecoin (FIL) is up 9% in the past 24 hours. The price has jumped from $58 to $65 in the past 24 hours, and it is currently trading at $60.54, while volume has increased by 124% in the same time frame.

The number of active miners on-chain jumped to a new high of 2,553, while the number of active addresses also hit a new high of 1,082,300. Increases in key metrics on-chain indicate growing demand for distributed storage networks.