// What is INC?
Stablecoins are cryptocurrencies pegged to less volatile external assets like fiat currencies, precious metals or oil. The supply or value of a stablecoin can also be pegged to other crypto assets or be fixed by algorithms. Stablecoins retain the same worth as their underlying asset instead of going through dramatic price swings. The general idea of stablecoins is to sustain a steady value over a prolonged period.
At the same time, the situation has opened a window of opportunity for a new generation stablecoins that can hold themselves to a higher standard. INC Token is one of such projects.
INC has the following features:-
- Stable Value:- True financial interoperability requires a price stable means of value exchange. Fiat-backed stablecoins bring stability to crypto. For customers with Indian Rupee Bank Account, 1 INC can always be redeemed for INR 1.00, giving it a stable price.
- 100% Backed by Indian Rupee (INR):– Each TINR is backed by 1 INR, which is held in a bank account.