You may find that a 10,000-yuan household in the 1980s could be called a rich person, but that the 10,000-yuan household is everywhere now; In the 1970s, a dollar could be a semester's tuition. Now you can't take the bus. That's inflation.
The root cause of inflation is that money supply is determined by governments and central banks. For a country, overissuing money is not the most reasonable, but it is the most convenient means of alleviating fiscal deficits; But for ordinary people, inflation will lead to currency devaluation, asset shrinkage and purchasing power decline, and hyperinflation will also plunge the society into chaos, making people's wealth vanish in an instant.
Against this background, recently, an anti-inflation cryptographic digital asset, PUMP, which is synthesized based on intelligent contract and price relationship, was born, which is called the "strongest safe haven asset" in the digital currency field. It has yet to go online, and it has sparked heated debate in the industry.
PUMP meets the requirements of decentralized currency issuance and is not controlled by any country, government or institution. This is the first premise for PUMP to resist inflation, and also the guarantee of PUMP's stable value.
Compared with Bitcoin, PUMP's economic system is more reasonable. It proposes a new output mechanism: value coupling. In other words, community ecology and token price promote each other and drive the market value to spiral up. Only when the price reaches the highest value, new tokens will be produced; otherwise, new tokens will not be produced. This avoids the phenomenon of death spiral caused by traditional planned output, thus well resisting the shadow brought by inflation to consumers, making the market more benign, and guaranteeing the stable appreciation of investors' wealth.
PUMP integrates ethereum smart contracts, which are automatically executed and fully decentralized from trading to output, enabling investors to invest more safely, fairly and transparently. PUMP also introduced the social chain, and is permanently stored in the blockchain, can not be tampered with, a promotion for a lifetime benefit. PUMP not only has a strong community ecosystem, but also generates a greater community consensus through strong social relationships, which leads to greater asset appreciation.
In addition, PUMP is also suitable for various ecological applications and committed to becoming the infrastructure of the blockchain value network, providing the underlying technology system for application scenarios of various industries, enabling global enterprises and individuals to enjoy the underlying services of the blockchain, such as distributed ledger technology, distributed applications, cross-chain transactions, and asset on-chain issuance.
The development of human society is a process from unreasonable to reasonable, from barbarism to civilization, from slavery to freedom. The advent of the blockchain value era is an inevitable trend in the history of human development. In the future, with PUMP's development and popularization, inflation, a historical disease that has troubled mankind for hundreds of years, will be completely cured.