P3C.io Partnership and Airdrop of eBomb Ether Classic Token!
The eBomb community, has generously gifted the P3C community 210,210 eBomb ($POW) tokens and a role as a Legendary Guardian.
We will airdrop 500 tokens for each new user who
- Joins the P3C discord (https://discord.gg/crjsdJr)
- Posts their ETC address to the #ebomb-token channel. (Download Saturn wallet if you have a computer, or Trust wallet for a phone)
- (BONUS) post an extra message about why you are interested in eBomb and what you see it being useful for! Up to 1,000 extra tokens for good ideas.
What is eBomb?
eBomb is what is called a “hyperdeflationary” currency, rather than inflationary currency where the money supply goes up over time (dollars, euros, yen…), and every unit becomes worth less and less, with a deflationary system like Bitcoin (21 million) or Ethereum Classic (210 million), there is a supply cap. This causes every unit of the currency to become worth more since more people want it, but there is only a finite amount. Also, as people lose their Bitcoins, less are tradable which actually makes the true supply less than the 21 million.
This concept is known as digital scarcity and was an innovation created by Bitcoin in 2009. See picture below:
eBomb takes this even further:
- There are only 21,000,000 eBomb tokens.
- Every time an eBomb is transferred, .5% is burned. So if I send 100 eBomb, you will receive 99.5 eBomb. This happens on every transaction using the token.
- Every eBomb is divisible up to 18 places, which means we can use very small amounts of each eBomb in commerce.
As more and more of bomb are sent or traded to pay for things, the supply of available tokens will keep going down. If demand for the token remains the same or increases, this means the price must increase. This “burn” is good for all hodlers. Ebomb is the first deflationary token on Ethereum Classic.
This is useful for small business owners, who may as a group decide to accept eBomb as payment. The more commerce is done in the group using the token, the price will go up as well which can be good for the business owners.
How does eBomb connect to P3C?
First of all, eBomb is deployed on top of the Ethereum Classic (ETC) blockchain, so miners are now securing both of the dapps, and if one token succeeds, the other will gain more Proof of Work protection as a byproduct of this.
Second, P3C has a different economic value thesis than eBomb. While holding eBomb can encourage gains by increasing scarcity, it provides no dividend back to users, and does not have an algorithmic method of initial distribution. P3C however, can only be minted by depositing ETC into the contract, and this can only be mined or purchased on the open market.
Basically, at the beginning, eBomb is centralized, and overtime it will become more decentralized as it spreads to more users. We hope to see eBomb expand along with the P3C community!
The more economic experiments being tried on Ethereum Classic, the better.
Information about eBomb:
Published at Sat, 03 Aug 2019 04:39:26 +0000
Bitcoin Pic Of The Moment
✅ Marco Verch is a Professional Photographer and Speaker from Cologne. ? This image can be used under Creative Commons 2.0. Please link to the original photo and the license.
By wuestenigel on 2019-03-14 16:14:15
