IRON Titanium Token

IRON Token is a partially collateralized token with a soft peg to the US dollar that can be used on the Polygon network and Binance Smart Chain.

The protocol is designed to keep the price of iron tokens stable by storing enough collateral in time-locked smart contracts -- that is, keeping the exchange rate pegged. These are used for redemption and help keep prices stable. The collateral is made up of two tokens. On Polygon network, USDC and TITAN tokens, while on Binance Smart Chain, it uses BUSD and STEEL tokens. When the user mints iron tokens, USDC or BUSD tokens are deposited into the protocol, while Titan or steel tokens used for minting are burned. When users exchange iron tokens, the agreement will reimburse USDC or BUSD tokens and mint the required amount of Titan or steel tokens.

< BR /> The ratio of USDC or BUSD and TITAN or STEEL tokens used by minting and redemption functions is determined by the target collateral ratio and the effective collateral ratio, respectively.