An inflation Hedging Coin (IHC) is an alternative cryptocurrency against inflation that constantly burns itself to increase its value.
What is Inflation Hedging Coin (IHC)?
The IHC is indexed annually based on US inflation data. Aiming to fight inflation, the company works with a burn mechanism to preserve the value of the token. The main problem of the project is the fight against inflation.
Inflation is defined as an increase in general price levels in the economy. As a result of this increase, the purchasing power of a unit of money decreases. Inflation can occur due to many factors, such as economic growth, money supply, and interest rates. Today, many countries suffer from inflation.
The money supply is very significant for inflation. Therefore, banks try to prevent inflation by controlling the money supply. In order to control the money supply, banks usually increase interest rates.
IHC Ecosystem
The system created against inflation is not just that. The platform has its own crypto wallet, blockchain, crypto exchange, and DAO.
IH Wallet
IH wallet is a cryptocurrency wallet application where users can store their cryptocurrencies while trading and withdrawing. The application can be downloaded for free from the Google Play Store and App Store.
The app is built with a high level of security and ease of use in mind. Another significant feature of IH Wallet is that it is also very careful about securely storing users’ private keys. Users can generate a private key using the app and store it securely. This way, users do not need to involve any third party to gain access to their wallet.
Finally, $IHC can be staked within the app. This allows users to earn up to 15% passive income.
X-META
X-Meta is Central Asia’s most liquid cryptocurrency exchange powered by Binance Cloud. The platform allows users to deposit fiat money from their bank accounts and receive cryptocurrency automatically. It is characterized by 24/7 customer support and has a transaction fee of 0.1%.
Capital
Capital is an investment firm focused on investing in projects that will transform the future of the world. Blockchain-based projects are a focus.
IHC Token
IHC token is a cryptocurrency created to fight inflation, adopting a binary combustion system. To fight inflation, it calculates the monthly CPI rate as well as US inflation data. This is an example of a dual-burn system. IHC token initial supply is 1 trillion. Currently, 44% of it has been burned, totaling 565 billion tokens. The initial supply of the token is 1 trillion, and the distribution is as follows:
- IEO allocation 100,000,000,000
- IEO price $0.00010526
- Total IEO Proceeds $10,526,315
- IEO Airdrop Reward Allocation 10,000,000,000
- IFO allocation 100,000,000,000
- Inflation Hedging Ecosystem Provision Purposes 300,000,000,000
- Strategic Partnership, Usage Adaptation Allocation 80,000,000,000
- Token Burn Protocol Reserves 100,000,000,000
- DEFI Liquidity Pool Making (Locked for 20 years) 100,000,000,000
- Founders, Team, & Advisors Allocation (Locked for 1-5 years) 110,000,000,000
- Strategic Reserves 100,000,000,000
At the time of writing, the IHC token is trading at $0.00005903, up 7.24% in the last 24 hours, according to CoinMarketCap data.
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