The $ICHI token is the native token of the ICHI protocol. It can be used to provide liquidity to ICHI Vaults. Holders of ICHI tokens can stake their tokens, thus receiving xICHI which gives users: 
- ICHIpowah to propose and vote on ICHI governance proposals to determine future features and/or parameters of the ICHI platform as well as protocol improvements, with voting weight calculated in proportion to the tokens staked.
-Rewards for participating in governance proposals. Only users who have participated in submission of proposals, commenting, reviewing and/or voting are entitled to receive ICHI token governance rewards.

ICHI token is also used to incentivise and reward the community for providing liquidity to the Vaults and reward community members for their contributions.

There are multiple parties who are likely to buy the $ICHI token:
- Investors and Speculators: Individuals or entities looking to invest in the ICHI token for potential capital appreciation or trading opportunities may buy the token. These buyers often speculate on the future value of the token based on factors such as market trends, project developments, and overall sentiment.

- Liquidity Providers: Users who wish to provide liquidity to the ICHI protocol's liquidity pools may need to acquire the ICHI token to participate. Liquidity providers play a crucial role in the protocol by depositing their tokens and earning fees or rewards in return. They may purchase the ICHI token to contribute to the liquidity pools and engage in yield farming.

- Governance Participants: Individuals or entities interested in actively participating in the governance of the ICHI protocol may buy the ICHI token to acquire voting power and influence decision-making processes. These participants often have a long-term interest in shaping the direction of the protocol and ensuring its success.

The value created by ICHI protocol lies in its decentralized finance (DeFi) ecosystem. It prioritizes sustainable liquidity and capital efficiency. By addressing liquidity provision challenges, ICHI combines single-token deposits with concentrated liquidity in Vaults, fostering sustainability. This approach enhances capital efficiency, reduces impermanent loss, and offers a stable trading environment. With a focus on these elements, ICHI protocol revolutionizes the DeFi landscape.

Value Accrual to Protocol:
- The ICHI Protocol collects 10% of the trading fees generated from Liquidity Providing activities.
- A portion of the trading fees, specifically 10%, is designated to cover the gas fees incurred during the process of rebalancing the pools.

Value Accrual to Token:
- By staking ICHI tokens and locking them in a smart contract, there is a potential for the token's price appreciation. This is because the staked tokens are effectively removed from circulation, leading to a reduction in the available supply.

The business Model for ICHI Protocol:
Revenue comes from: 
* Liquidity Provider (LP) Trading Fees:  A portion of these fees is collected by the protocol as revenue. Higher trading volume generally translates to increased revenue for the protocol.

Revenue is denominated in:
Uniswap v3 Tokens

Revenue goes to:
- The DAO’s treasury
- Balancing of pools
- Liquidity Providers