Gate.io AMA with IHC-Opening a Gateway to Crypto for IHC People

2023-02-22, 06:17

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![](https://gimg2.gateimg.com/image/article/16770461771.jpg)
**<font size=4>Time: Sep 2nd, 2022, 13:00 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with CCO & Co-founder of IHBIT Global, Dave Lee in the [Gate.io Exchange Community](https://t.me/gateio "Gate.io Exchange Community").
Official Website: https://www.ihcoin.io/      
Twitter: https://twitter.com/IHCoinofficial      
Follow IHC on [Twitter](https://twitter.com/IHCoinofficial "Twitter") and [Telegram](https://t.me/ihcoinofficial "Telegram")
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**Guest**
![](https://gimg2.gateimg.com/image/article/16770464922.png)
**Dave Lee — The CCO & co-founder of IHBIT Global, The CEO of X-Meta**
Dave Lee is an internationally focused entrepreneur with a network of companies and vast track records. He is Co-Founder of Ih Bit Global and the CEO of X-Meta, a subsidiary company of Ih Bit Global.
## Q&A from Gate.io
### Q1: Can you give us a brief intro to IHC?
**Dave**: IHC is an alternative investment token positioned to increase its value by continuously burning itself following multiple burn protocols to decrease supply and increase demand.

### Q2: What kind of burn protocols does IHC have?
![](https://gimg2.gateimg.com/image/article/16770465793.png)
**Dave**: IHC burns itself from its total market cap. at the US inflation rate to keep its store of value. Also X-Meta crypto exchange purchases IHC from the open market with trading fees profit and burns monthly. An equivalent amount of IHC tokens that is burned from the circulating supply is also burned from the “Token Burn Protocol Reserve” allocation.

### Q3: Could you please tell us how much is the total supply of IHC?
**Dave**: IHC’s current total supply is 620,910,299,933 compared to 1 trillion when we first started the project. The total supply is decreasing on a month-to-month basis aside from our annual inflation-tied burn. Also, Circulating Supply is now 119,642,987,723 IHC.

### Q4: What are the crypto exchanges IHC is currently listed on?
![](https://gimg2.gateimg.com/image/article/16770465614.png)
**Dave**: IHC is now listed on a total of 13 exchanges which include 2 Tier 1 exchanges, <a href="/price/kucoin-kcs" target="_blank" class="blog_inner_link">KuCoin</a> and Gate.

### Q5: What are the other key features that differentiate IHC from other cryptocurrencies?
![](https://gimg2.gateimg.com/image/article/16770465435.png)
**Dave**: IHC is not just another speculative currency without any backing. We have our very own blockchain wallet, crypto exchange, a professional E-Sports team, investment company, and DAO. IHC DAO is an NFT-based DAO that will be launched this October for our global community.

## Live Q&A from Gate.io Community
### Q1: What is biggest focus for IHC at the moment and what is the number #1 priority for the team in the next 6 months?
**Dave**: At this moment, as we are listed globally, but started from Mongolia where we are number 1 token project by volume, value and local market cap, we are focused in launching DAO with our global users and building a true solid eco system for the global market, concentrating on global market cap, increase wallet holders and scalable utilities of IHC.

### Q2: What innovations has IHC brought to the DEFI space? How is IHC changing the new DeFi ecosystem and what are the plans for the next 100 days?
**Dave**: We are the first in Mongolia to launch our own defi wallet, IHWALLET, available on both IOS and Android market, where you can download and stake your IHC for up to 15% apy!

### Q3: Is this Your project only for elite investors, how about others with small funds, is it open to everyone?
**Dave**: IHC was born to represent everyday jobs. People that are truly affected by inflation and see the value of their fiat decreasing per day. Our eco-system is to provide true value of effects where by burning our limited supplies and increasing demand, value of IHC will increase and be a real alternative financial tool to diversify your assets.

### Q4: Explain your plans on global expansion, 
Q1) is it only the market you are focusing All the time? 
Q2) Or you focus on building or developing and getting customers and users, or partnerships?

**Dave**: Our global expansion plans are not only to increase market cap and wallet holders but to truly find additional partnerships to believe in our representation in fighting against inflation and grow together for the everyday joes! And replicating what we have done for our community in Mongolia, for the world!

### Q5: What are the most highlighted feature in #IHC  project that can make it stand out in the market? Does your project open for beginners or only for crypto experts? How would you welcome non- crypto natives to explore in your platform?
**Dave**: If you go on www.ihcoin.io, you will see the milestones we have achieved which will definitely differentiate us from the rest where we have partnered and sponsored the biggest boxing fight of the year for Deontay Wilder VS Tyson Fury to being top 5 token ahead of ETH on first week of launching on apeswap to hosting local events showcasing group of our companies from our cryptocurrency project, IHC Esports (majors to global ranking top 3) attracting over 1M views live to being invited to internationally accredited platforms to speak about the positive impacts we are enforcing in our space in global market with Chainalysis to W3BX, to name a few.

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<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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