Why blockchain experimentation is good. 5 points about Bomb Token.

rouse
2 min readAug 7, 2019

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This token is scarce, and will only have a maximum of less than one million on-chain transactions.

The blockchain industry is taking another turn.

Bomb Token chose first to experiment with inflation or rather – Deflation. Now they are experimenting with tokenomics and incubation surrounding crypto startups.

  1. Bomb Token (BOMB) is an ERC-20 cryptocurrency, secured by the Ethereum consensus network.
  2. Bomb Token is also a social case-study, to measure the feasibility of a deflationary currency.
  3. Out of an initial supply of 1,000,000 tokens without decimals, at least 1% of the BOMB in an on-chain transaction is destroyed. This token is scarce, and will only have maximum of less than one million on-chain transactions.
  4. The Bomb Team are now also creating BOMBX (XIO), which is playing on the concept of construction, rather than BOMB which represents destruction. XIO is a startup incubator, which helps crypto startups evolve and grow with the help of legal, technical and economic aid. It is playing on an opposite model than the ICOs, and focuses on project purpose, rather than investor funding before pre-launch.
  5. About a fourth of the XIO tokens will be distributed among BOMB holders, where 1 BOMB equals 25 XIO tokens at the snapshot of the creation of XIO at the 1st of September, 2019.

Bomb Token is about teaching the community.

The team of Bomb Token wants the community to get involved with the research of tokenomics (the economics of tokens), and wishes to educate those who can educate others.

BOMB and BOMBX are on-going experiments that need you – A «community scientist-entrepreneur-thinker-teacher-creator-developer-innovator-architect-writer-artist-designer-dreamer-visionary-programmer-engineer-leader-futurist-doer». – What will your verse be? – What is X? Let’s find out.

Bomb Token describes itself as a decentralized hedge against traditional inflationary instruments.

Do you think BOMB will become a hedge against inflation?

A Store-of-Value?

Please leave your comments, or give some claps if you enjoyed my few words on this page. If you wish to donate some money to me, then send BOMB, ETH or any ERC-20 token to this address: 0x0948db56e3daecD5276Ad6E17D7fA50595949A38

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