# What is IRC Project

#### Introduction

The Interest Rate Cut ($IRC) project is a community and marketing meme initiative created for the Bitcoin and cryptocurrency ecosystem.

<figure><img src="https://2958455266-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzZBIpngkK4rpkFayQxFi%2Fuploads%2FU9Asll2sz07Q2suJHcf6%2F%E1%84%89%E1%85%B3%E1%84%8F%E1%85%B3%E1%84%85%E1%85%B5%E1%86%AB%E1%84%89%E1%85%A3%E1%86%BA%202024-07-22%20%E1%84%8B%E1%85%A9%E1%84%92%E1%85%AE%205.54.14.png?alt=media&#x26;token=2aa616ed-8a6c-4c11-9936-5092358bbc35" alt=""><figcaption></figcaption></figure>

#### Impact of Lower Interest Rates

When the base interest rate is lowered, the price and trading volume of Bitcoin, a safe asset, will rise. Consequently, trading in cryptocurrencies becomes more active, leading to a bull market.

#### Support for President Trump

We strongly support President Trump, who is also called the Bitcoin President. President Trump has expressed his intent to lower the base interest rate and actively support and revitalize Bitcoin and exchanges.

#### Economic Revival and Crypto Growth

Lowering the base interest rate will once again revive the global economy. As the economy revives, the growth of Bitcoin and cryptocurrencies will grow exponentially and explosively.

#### Project Goals and Activities

Our project aims to actively market the demand for interest rate cuts through voting with cryptocurrency users around the world, growing the community explosively.

#### Blockchain-Based Voting

We plan to hold a blockchain-based voting booth for users who demand an interest rate cut with IRC tokens and support them to vote through tokens every day.


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