# ICHI Concepts

| **Keyword**                            | **Definition**                                                                                                                                                                                                                                                                                                                                                                                              |
| -------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| ICHI                                   | Governance token of the ICHI community.                                                                                                                                                                                                                                                                                                                                                                     |
| xICHI                                  | A representation of the share of staked ICHI.  The value of xICHI will increase in terms of ICHI as additional ICHI is paid to the xICHI contract.                                                                                                                                                                                                                                                          |
| ICHI Governance                        | Overarching governance of the ICHI system. ICHI uses community voting. Voters (ICHI holders) make decisions based on Proposals which then instruct multiple signers to use a multisig to act as governance. In the contracts, governance is implemented as a single signer. ICHI Governance also has the ability to set boundaries for oneTokens.                                                           |
| Decentralized Monetary Authority (DMA) | Enabled through innovations in smart contracts and AMMs, DMAs provide any community with a set of audited contracts that allow them to manage their own stable currency in the same way a central bank manages the currency of a country. Through the separation of smart contract deployments and token issuance DMAs put both  issuance and governance rights directly in the hands of community members. |