Bomb Token – What It Is. And The Deflationary Hype
reviewing bomb token the deflationary currency on the rise.
BOMB is a social experiment and financial case study to measure the feasibility of a deflationary currency. The rules are simple.
There were originally 1,000,000 Bomb in existence.
Each time a Bomb is transferred, 1% of the transaction is destroyed.
There will never be newly minted Bomb.
The intention is not to be used for day-to-day transactions, but rather as a decentralized hedge against traditional inflationary instruments. Through a system of immutable smart contracts and continuous destruction, BOMB is the world’s first self-destructing currency.
The invention of BTC gave the world a currency that everyone could trust, outside the hands of governments or third parties. In addition to decentralization, BTC offered an asset that could not be artificially printed or inflated. Through this discovery, many other projects began to specialize and focus on doing one thing extremely well.
BOMB has a vision of becoming the deflationary currency of the decentralized world.
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