BOOM

BOOM project is a social experiment, which aims to explore the market influence of an extremely deflationary cryptocurrency, and it will validate the effect of BOOM token as a hedge against the rapid inflation in token ecosystem.

How it works

Boom Token is a social experiment. Blockchain gives us an opportunity to create this deflationary currency, and the deflation mechanism is fully based on smart contract. The basic rules are as below: ​

1.There were originally 1,000,000,000 Boom in existence.

2.Each on-chain Boom transaction completed, 1% of the transaction amount burned.

3There will never be newly minted Boom.

Thanks to the power of smart contracts, Boom can exist autonomously and in perpetuity until they’ve all been burned. The beautiful nature of smart contracts in general is their ability to run on the global blockchain computer without intervention from humans.

When taking insight into bitcoin and litecoin supply halving history, you can find that destroying the liquidity may cause a higher value. Now Boom provides a whole new supply curve, which is much more radical. We cannot wait to see what is next.