Brand new #Coin crypto added: inflation-adjusted-usds currently trading @ $1.04

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Description

Spice Trade protocol is introducing a new revolutionary concept: A stable coin that automatically adjusts and protects against inflation.

On a monthly basis, as U.S. Bureau of Labor Statistics releases CPI data, the peg for iUSDS adjusts to account for inflation (or deflation). The goal here is to create a stable coin that maintains the relative purchasing power of USD.

The formula is as follows:

Peg (iUSDS) = $1 / Buying Power Coefficient

where

Buying Power Coefficient (or BPC) = CPI as of January 2022 / Current CPI

For example, as of May 2022, the latest CPl data published by BLS is for March 2022:

March 2022: 287.504

January 2022: 281.148

Source: https://www.bls.gov/cpi/tables/supplemental-files/home.htm

Therefore,

Current BPC = 0.97789

and

Peg (iUSDS) = 1/0.97789 = $1.0226

As BLS data updates over time, BPC gets updated based on a ramp up (or down) function to avoid sudden moves in the peg.

24 hour trading pattern

Max Price chart

Inflation Adjusted USDS price today is $1.03 with a 24-hour trading volume of $2,238.10. IUSDS price is up 0.0% in the last 24 hours. It has a circulating supply of 0 IUSDS coins and a total supply of 2.21 Million. If you are looking to buy or sell Inflation Adjusted USDS, RadioShack (Avalanche) is currently the most active exchange.

Inflation Adjusted USDS hit an all time high of $1.03 on May 25, 2022 (2 hours).

Inflation Adjusted USDS had an all time low of $1.02 on May 25, 2022 (3 hours).

The 24 hour trading volume of Inflation Adjusted USDS is $2,238.10.

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