ICHI is the governance token of the ichi.org community and platform. The ICHI community has enabled many other communities to govern their own in-house stablecoin (ICHI oneToken). ICHI decides the allowed oracles, collateral, investment strategies, etc. in exchange for protocol governance rewards.
A new member stablecoin is added whenever the ICHI community votes on and passes a proposal to create a new stablecoin for that coin. The current member coins are Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK). The corresponding stablecoins are oneBTC, oneETH, and oneLINK.