Under 30 Seconds Inflation Hedging Coin (IHC) Raised $10 Million
- Every IHC transaction has a 5% fee collected.
- The IHC team is working on an on-chain wallet application.
Inflation is becoming more linked to current global circumstances. Moreover, as the industry enters a recession, many believe the worst since the Second World War. Inflation devalues our assets, reducing the buying power.
The central bank extended the cash supply by purchasing long-term securities from the market. Thus, the goal was to reduce inflation by prioritizing lending and financing above saving and prudential measures.
The Federal Reserve bought about $80 billion in Treasuries and $40 billion in mortgage-backed securities per month in the summer of 2020. Furthermore, the stability sheet revealed passing throughout $8 trillion.
Cross-Chain Cryptocurrency
The answer is unique forex that encourages practical actions like saving and ensures others’ purchasing power doesn’t dwindle over time. One is Inflation Hedging Coin (IHC). It is one of the most touted projects, as shown by the IHC, raising $10 Million USD in just 30 seconds.
Operating on ETH and BNB networks, IHC is a cross-chain cryptocurrency. The price of the IHC remains stable since the US inflation rate determines the standard burning times. Burning events will continue until the total market capitalization equals the total number of tokens owned by holders.
Every IHC transaction has a 5% fee collected and redistributed to token holders over time to encourage them to save more as an alternative to speculating with the tokens. Any additional factor that makes IHC less volatile than other cryptocurrencies in the region is desirable in trading or other speculative activities.
Currently, the IHC team is working on an on-chain wallet application to simplify access to financial services and goods for token holders. The pockets utility will include loan and yield farming services and solutions to make saving easier for customers.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
