Inflation Hedging Coin (IHC) is a cross-chain cryptocurrency, running on BSC and ETH networks. It is one of the very few projects that managed to raise $10 million in just under 30 seconds!
IHC actively mitigates inflation through regular burning of coins against the U.S. inflation rate. This is done in a bid of storing value and will continue until the total market capitalization equals the number of tokens that the total number of holders possess.
On each transaction a 5% fee is accumulated and redistributed to token holders to incentivize saving instead of speculating in other activities. The team behind IHC do not receive their share of the transaction fees.
To improve functionality, an on-chain wallet application is being developed. The wallet application will include lending and yield farming services to ensure saving, for example, is easier for users on-chain.
The IHCoin Team
The IHC Team is made up of experts from various fields and includes blockchain developers, entrepreneurs, and other specialists with over 20 years of combined experience in global financial markets. Its advisors have experience in various sectors and have run operations from Wall Street to Ulaanbaatar.
The project’s CEO Gantig Bayarmagnai is founder of Bit LLC and the Cryptocurrency Mongolia Group. He also co-founded Silkchain Capital, a country representative of VeChain in Mongolia.
Global transition to cryptocurrency through boxing
To bolster cryptocurrency adoption throughout the world, IHC is joining forces with former heavyweight world boxing champion Deontay “The Bronze Bomber” Wilder for the WBC World Heavyweight Championship in Las Vegas, in October 9.
Deontay’s fight against Tyson Fury will see the fight appear in IHC sponsored fight trunks as part of the company’s mission to accelerate the global transition to cryptocurrencies.
IHC’s Growing Liquidity
IHC coin is currently available on ApeSwap and PancakeSwap. As part of the company’s roadmap, the token is planned to be listed on two centralized exchanges, which should take place in late October. All listing news will be announced to the community on the available communication channels and social media platforms. For more information, please visit the IHCoin website.
Source: https://www.cryptocompare.com/email-updates/daily/2021/oct/06/
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