Big Bang token — crypto with extreme deflation! – Leandro Silva Verbinski
All the people who invest in cryptocurrency have a common concern: the possible devaluation of the money invested in the asset. But then, is there a slightly less risky option? To answer this question we must think of the concept of deflation, which is the inverse process of inflation, where instead of the applied money go devalued over time it gradually increases in value.
The concept of deflationary cryptocurrency appeared previously with the social experiment of Bomb token that obtained an impressive result, passing of the mark of 10 dollars after few months of its creation.
The Big Bank token, like the Bomb token, is an example of a token that prevents market manipulation and the high volatility of cryptocurrency using a deflationary system in essence, increasing their value over time. This is due to the programming implemented through the smart contracts of the Ethereum network, where every transaction made, a part of the amount sent is destroyed forever. Let’s look at an example:
Joe sends 100 Big Bang tokens to Fred’s wallet;
Fred receives on his wallet 75 Big Bang tokens.
In this example we can see that with each transfer from wallet to wallet 25% of tokens cease to exist from the initial amount sent. The Big Bang token can be used as a value reserve, because even with market volatility the token tends to appreciate constantly with its scarcity being increased each day. At the beginning of the project a total of 1,000,000 was created and until the writing of this article, 11,465 BANG have been destroyed. Big Bang tokens are already traded in ForkDelta at the moment: https://forkdelta.app/#!/trade/0x1c9e21a437b9e98a6bb66c0ff862864523513135-ETH
Published at Thu, 22 Aug 2019 01:00:34 +0000
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