Inflation Hedging Coin
What is Inflation Hedging Coin?
Inflation Hedging Coin (IHC) is a decentralized cryptocurrency that operates on the blockchain technology. The whitepaper suggests that IHC is designed to provide investors with a tool that can be relied upon not only for short-term profit but also for long-term savings and gains. The platform claims that its technology consistently works in the best interest of investors.
Transparency is a key feature of the IHC platform. The platform has developed unique guidelines that offer transparency to traders. The platform charges transaction fees to both the sender and the recipient and then distributes the collected fees to token holders on a daily basis. The Inflation Hedging Coin app operates on blockchain's wallet and a decentralized exchange through Binance Smart Chain, allowing token holders to swap, yield, and lend.
IHC is the native token of the Inflation Hedging Coin platform. The platform employs a token burning mechanism that reduces the entire market cap from the initial supply of 1 trillion tokens to the number of token holders existing on the platform. Once the number of token holders is reached, the transaction fees drop between 0.5% and 1%. IHC tokens contain a 5% transaction fee, which is regularly redistributed and accumulated among token holders, excluding the team members and the founders. This high transaction fee motivates token holders to keep their tokens rather than trading with them, thereby ensuring price stability in the volatile cryptocurrency space.
The Inflation Hedging Coin platform was founded by Gantig Bayarmagnai, who serves as its CEO. The founding team also includes Munkh-Erdene Burenjargal as the CTO and Munkhjin Otgonbaatar as the CFO. According to the platform's roadmap, the initial exchange offering was launched in August 2021, followed by the token's global launch on various decentralized exchanges in September. The IHC on-chain wallet was launched in January 2022, and more exchanges listed the token in the same month.
In summary, Inflation Hedging Coin (IHC) is a decentralized cryptocurrency that aims to provide investors with a reliable tool for long-term savings and gains. The platform employs a unique token burning mechanism that ensures price stability in the volatile cryptocurrency space. The platform offers transparency to traders through its guidelines and daily redistribution of transaction fees among token holders. The IHC app operates on blockchain's wallet and a decentralized exchange through Binance Smart Chain, enabling token holders to swap, yield, and lend.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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