Inflation has an impact on global conditions. Many believe that the world will soon be in a recession, even deeper than the one we had since the second world war. The central bank has taken measures by purchasing long-term securities for increasing the money supply. Through this, they aim to lower inflation through deprioritization on prudence and savings, and incentivization on investment activities and lending.
In 2020, the Federal Reserve bought about mortgage securities worth $40 billion and treasures worth over $80 billion. In order to ensure that the purchasing power of people don’t vanish over time, what we need is a different type of currency like the Inflation Hedging Coin (IHC). This currency has been receiving widespread support. In fact, it managed to raise about $10 million USD in less than 30 seconds.
Since it is a cross-chain cryptocurrency, IHC runs on Binance and Ethereum Smart Chain networks. Its value remains stable as IHC’s regular burning events are determined by the inflation rate of the US. Until its market capitalization is the same as the number of tokens all the holders have in possession, the burning events will continue. For every IHC transaction, a 5% fee will be incurred which will be redistributed to other token holders. This will incentive them to not speculate in other activities and save more. No amount of the accumulated fees is taken by the founders and the team at IHC. Also, since IHC doesn’t engage in speculative activities like trading, it is less volatile than most cryptocurrencies.