What is ifc Coin (ifc Currency)

What is ifc Coin? According to official sources, ifc Coin is a type of digital asset that is pegged 1:1 to the Chinese Renminbi. As described in the “ifc Whitepaper,” ifc is a cryptocurrency based on the Ethereum network. Comparing it to Bitcoin (BTC) and Litecoin (LTC), ifc can be understood as a decentralized electronic cash system that uses smart contracts to ensure confirmation and immutability at any given block height, thus guaranteeing that it cannot be tampered with or altered. Ifcoin can also be seen as a payment token system on an open platform, utilizing blockchain technology to achieve seamless, fast, cost-effective, and secure cross-border transactions and fund transfers.

ifc Currency

According to ifc reports, June 18, 2018, was the date of the ifc Currency Issuance Conference (ICOCurrencySummit). This event was jointly organized by Huobi Global, OKEX, and Bitmain. One of the organizers of this event was the ifc.com team and the ifc Chinese community, who engaged with attendees to discuss the latest industry trends and future development plans.

At the same time, imfm expressed their views on topics such as the prospects and future trends of blockchain: the current market is in a bearish phase, but with the development and progress of technology, it will gradually mature.

According to statistics, the number of digital Renminbi red envelopes in the first half of 2019 has exceeded 10,000, with a year-on-year growth of over 100%. The amount distributed in the first half of 2020 has surpassed 300 million Yuan, and it is estimated that it will exceed 100 billion Yuan this year.