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Name: Inflation Hedging Coin

Symbol: $$IHC

Contract Address: 0x86a53fcd199212FEa44FA7e16EB1f28812be911D

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Description

Inflation Hedging Coin (IHC) is not another speculative cryptocurrency without any solutions or backing. IHC burns itself from its total market capitalization annually at the US inflation rate to store value — and will continue to do so until its total market capitalization is equal to the number of tokens the total number of token holders hold. (Store of Value Concept)

IHC will incur a high transaction fee of 5%. Fees will accumulate and get redistributed to all token holders regularly, excluding the founders and their team. The high transaction fee incentivizes the token holders to save their tokens instead of trading them, bringing price stability in this volatile space of crypto-currency.

Through our on-chain wallet application, IHC token holders will receive financial services, such as lending and yield-farming their tokens.

Inflation is the perpetual rise in the prices of consumer goods and services over time. As these prices surge higher, the total amount of goods and services purchased with a single dollar decreases. Inflation is not a new trend or phenomenon - $1 in 1913 is equivalent in purchasing power to about $27.58 today.

What’s pertinent today is the Fed’s exuberant money-printing, or quantitative easing (QE) drive, to increase the liquidity of US banks in the face of the COVID-19 pandemic. By the summer of 2020, the Fed was purchasing $80 billion a month in Treasuries and $40 billion in mortgage-backed securities (MBS). As a result, the Fed’s balance sheet now stands at over $8 trillion!

Booming demand caused by the US economy reopening after the Covid-19 shutdown is expected to push up consumer prices even further in the near future. Consumer Price Index in the past 12 months ended in July 2020 remained at 5.4%, a 20 year high.

Many economists and analysts forecast even higher inflation rates caused by the non-stop asset purchases by the central bank. As quantitative easing ballooned the Fed's balance sheet, bank excess reserves have plunged sharply downward, making hyper-inflation a real possibility.

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