What is Inflation Hedging Coin?
Inflation Hedging Coin (IHC) is a cross-chain crypto asset designed to be a stable store of value for investors. HIC employs a token-burning technique to hedge against inflation and maintain the stability of the IHC price through the interplay of supply and demand. As such, the HIC proves a suitable tool for both short-term and long-term investments.
The Inflation Hedging Coin was launched to solve the historical issue of inflation as well as the factors hindering mainstream adoption of crypto and other DeFi products. The Inflation Hedging Coin is backed by various products:
- IH Wallet. This crypto wallet supports decentralized exchange (DEX), lending, and staking.
- X-META Exchange. The platform is a highly liquid cryptocurrency exchange running on the Binance Smart Chain (BSC).
- ICH DAO. This is a decentralized autonomous organization (DAO) designed to increase IHC adoption.
- IHC Capital. The project is a venture capital firm focused on the crypto space.
Use Cases of IHC Tokens
IHC tokens are an investment tool. Users can buy and hold the token to hedge against inflation. The project employs continuous token burning, designed to reduce the token supply and increase the demand for the tokens. This would lead to a rise in the project value, which reflects on the IHC price.
Inflation Hedging Coin also supports the DeFi ecosystem. Users can stake it or lend it to various DAO investment products to earn passive income. It can also be used to pay for products in the ecosystem.
Who Founded Inflation Hedging Coin?
Inflation Hedging Coin was co-founded by a team of six experts from various professional fields, including cryptocurrency, capital markets, technology, and finance.
Gretig Bayarmagnai, one of the co-founders, is a blockchain and crypto expert from Mongolia.
Another co-founder, Michael Otgonbaatar, is a successful entrepreneur with experience in financial markets and crypto investments.
Erkhembayar Bayarsaikhan is also the co-founder of IHBIT Global. He is a well-respected, seasoned trader and investor.
Moreover, another co-founder is Dave Lee. He is an international entrepreneur who has founded and developed a network of companies.
Munkh-Erdene Burenjargal is the fifth co-founder on this list. He is an experienced programmer and developer.
Finally, there is Stephen Chen. Chen is a financial executive with a network of companies.
Inflation Hedging Coin held an IEO in August 2021. The token was launched in September on various exchanges globally. The IHC on-chain wallet was launched in January 2022.
Tokenomics of IHC
Inflation Hedging Coin launched with a maximum supply of 1 trillion tokens. The project employs continuous token burning that would drop the entire market cap from the initial supply of 1 trillion IHC to the amount held in the wallets of holders. The tokens burn at the inflation rate of the United States. The annual token burn helps maintain the store of value while more tokens still exist outside the holders' wallets. Token burning aims to protect the Inflation Hedging Coin price from inflation.
