INFCoin is a conceptual ERC-20 token that adjusts holder balances according to changes in the Consumer Price Index (CPI). By periodically calling the checkInflation function with updated CPI data, the token supply is dynamically increased or decreased across all holders to maintain purchasing power. This is a proof-of-concept and not intended for production use without further development, auditing, and integration with data oracles.
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Inflation Hedging:
Balances adjust based on monthly CPI changes. If inflation rises, the contract mints additional tokens proportional to each holder’s balance. If inflation decreases, it burns tokens proportionally. -
ERC-20 Standard Compliance:
Built on OpenZeppelin’s ERC-20 implementation, ensuring compatibility with wallets, exchanges, and other DeFi protocols. -
Future Oracle Integration (Planned):
Currently, CPI data must be set manually by the owner. Future versions could integrate Chainlink or other oracles for automated CPI updates.
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Node.js & npm:
Install from https://nodejs.org/. -
Hardhat:
Installed vianpm install(as a dev dependency) in this project. -
OpenZeppelin Contracts:
Installed as a dependency, providing ERC-20 base implementations. -
Ethers & Hardhat Toolbox:
For deploying, testing, and interacting with the contracts.
Oracle Integration: Implement an oracle (e.g., Chainlink) to fetch CPI data automatically, removing the need for manual input.
Additional Testing & Audits: Add more test cases, especially around edge conditions and negative inflation (deflation). Consider a full audit for production readiness.
Governance & Adjustments: Add governance mechanisms to control parameters like frequency of inflation checks or maximum cap adjustments.
License This project is available under the MIT License.
Disclaimer This contract is a proof-of-concept and is not audited. Use at your own risk. The mechanics described are purely experimental and may not reflect real-world economic conditions or guarantees.