Leveraging Oduwacoin As Hedge Against Inflation

Economists are of the opinion that for an economy to flourish, the inflation rate must sit around 2%. But that has not been the case in recent times, even for developed countries, including the United Kingdom (UK) which recorded an inflation rate of 7.9% in June 2023.

As inflation continues to rise in some countries, especially developing nations like Nigeria, people have become more concerned about protecting their purchasing power. To hedge against inflation pressures, they are contemplating different strategies, which include -the smart diversification of investments, multiple sources of income, micromanagement, and cryptocurrency.

Oduwacoin, a true gauge against inflation

With a fixed supply and deflationary mechanism, Oduwacoin -the first pan-African cryptocurrency ensures scarcity and an inherent protection against the erosion of purchasing power caused by inflation.

Below are how Oduwacoin serves as hedge against inflation

Insurance against FX instability: It is common knowledge that the value of many currencies declines as a result of inflation. And even though Oduwacoin’s price is determined by supply and demand, amongst other factors, the fact that its price is not controlled by inflation makes it more awesome.