The World’s First Self Destructing Currency
$BOMB isn’t your typical cryptocurrency. The Bomb token is a social experiment designed to explore the potential of a perpetually deflationary currencies. While Bitcoin was designed to only have 21 million tokens in existence, Bomb takes BTC’s immutable methodology a step further. Through the power of the blockchain, Bomb actually self-destructs a little bit with each transaction.
Through the use of smart contracts, this Ethereum powered project automatically removes a percentage of $BOMB with every transaction broadcasted through the network. Unlike most cryptos, this token isn’t designed to be a transactional currency but instead a reliable store of value. Here are some fast facts about the project –
- 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.
Above (from the Bomb Token website) see the comparison of available BOMB vs. Bitcoin over time. If you’re looking to get deeper into the mechanics and mindsets of inflationary currency models, check out this video, below –