Cryptocurrency Inflation Adjusted USDS (IUSDS)

The price for Inflation Adjusted USDS (IUSDS) cryptocurrency is currently 0.32 $ (15 min delay), daily range of currency change is 0.32 - 0.32 .
Last 24 hours news: trading volume - 185.00 $, price variance +0.24% .

Project Website - https://spicetrade.ai
Explorer of transactions - https://snowtrace.io/token/0x8861f5c40a0961579689fdf6cdea2be494f9b25a
Twitter Account - https://twitter.com/spicetradeai

Chart Inflation Adjusted USDS (IUSDS)

Current price Inflation Adjusted USDS (iusds)	0.32 $
Market Capitalization	220.19K $
Trading Volume last 24h	6.44 $
Market cap rank	№ 2823
Absolute maximum	1.11 $
Absolute minimum	0.24 $

Inflation Adjusted USDS Quotes

#	Exchange	Pair	Price	Spread	Volume	Last traded
No active trades for this coin.

What is Inflation Adjusted USDS (IUSDS)

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.

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