What Is Inflation Hedging Coin IHC
Rancakmedia.com – Inflation Hedging Coin IHC is defined as the decline in the purchasing power of a currency over time, and is valued by the average price level of a selected basket of goods and services. In other words, inflation measures the decline in the purchasing power of people's money over time.
Inflation has reduced the purchasing power of a dollar in 1913 to the equivalent of $27.58 today. The Federal Reserve and other central banks around the world are now implementing strategies to increase bank liquidity while also increasing the likelihood of inflation.
Quantitative easing is a type of monetary policy in which the central bank acquires long-term assets from the market to expand the money supply. The aim is to increase lending and investment and not prioritize savings and prudence.
In the summer of 2020, the Federal Reserve purchased $80 billion worth of Treasuries and $40 billion worth of mortgage-backed securities per month, to the point where its balance sheet had grown above the $8 trillion level.
The answer to this predicament is a new kind of currency, which encourages smart decisions like saving and ensures people's purchasing power doesn't diminish over time. Inflation Hedging Coin (IHC) is one such currency.
How Inflation Hedging Coin IHC Fights Inflation
IHC routinely burns at inflation rates in the US in an attempt to store value, and will continue to do so until its entire market cap equals the number of tokens held by total token holders.
Every IHC transaction is subject to a 5 percent fee which will be collected and distributed to every other token holder periodically in an effort to motivate them to save more instead of speculating in other activities with the token.
IHC founders and their staff do not get a share of the redistributed transaction fees. The price of IHC will be more stable as traders and other speculators will refrain from transacting in it, making it less volatile than other cryptocurrencies.
The Ethereum (ETH) network and Binance Smart Chain (BNB) have both created IHC tokens. To increase functionality, an on-chain wallet application is being built so that IHC token holders can access the service finance more conveniently.
The wallet application will combine lending services and yield farming to guarantee savings, for example, easily for users on-chain.
The IHC team consists of specialists from various disciplines and consists of blockchain engineers, entrepreneurs and many more with more than 20 years of collective expertise in global financial markets.
The backgrounds of the advisory board members range from Wall Street to Ulaanbaatar. Blockchain and cryptocurrency specialist Gantig Bayarmagnai is the co-founder and CEO of this initiative.
Apart from launching IH Bit LLC and Cryptocurrency Mongolia Group, he also founded Silkchain Capital, VeChain's national agent in Mongolia.
Inflation Hedging Coin Accelerating Cryptocurrency Shift
IHC is teaming up with former world heavyweight champion Deontay “The Bronze Bomber” Wilder for the WBC World Heavyweight Championship on October 9 in Las Vegas to increase cryptocurrency adoption worldwide.
The Deontay versus Tyson Fury fight will see the fight appear in an IHC-sponsored fight as part of the company's goal to accelerate the world's shift to cryptocurrencies. Deontay Wilder has claimed in a press release that he is "excited to have IHC" sponsor him.
Munkhjin Otgonbaatar, co-Founder and CFO of IHC said Deontay “exemplifies everything a rebellious, tough and disciplined champion should be.
He is a true rebel fighting against injustice and social inequality, whereas IHC is a rebellious cryptocurrency fighting against inequality and injustice of over-production of money by central banks around the world.”