THE ORIGIN
BOMB is a social experiment and financial case study to measure the feasibility of a deflationary currency. The rules are simple.
- 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.
The intention is not to be used for day-to-day transactions, but rather as a decentralized hedge against traditional inflationary instruments. Through a system of immutable smart contracts and continuous destruction, BOMB is the world’s first self-destructing currency.
THE PROBLEM
Despite over $13,000,000,000 in public capital allocated to the decentralized world in the first half of 2018 alone, over 1000 projects are now dead. While there are many reasons for this decline, we believe the Token Velocity Problem to sit at the forefront. In short, Token Velocity is the speed at which tokens circulate their native platforms and ecosystems. If this velocity is too high and speculation is held constant, assets will struggle to conserve long-term stability.
THE VISION
The invention of BTC gave the world a currency that everyone could trust, outside the hands of governments or third parties. In addition to decentralization, BTC offered an asset that could not be artificially printed or inflated. Through this discovery, many other projects began to specialize and focus on doing one thing extremely well.
- Privacy: Monero
- Speed: Nano
- Cross-Border: Stellar
- Deflation: _______
BOMB has a vision of becoming the deflationary currency of the decentralized world.
#BOMBUP
BOMB is an open-source and community-driven social experiment. Participating in this experiment does not present an offer for ordinary shares of any entity and token holders are not entitled to or promised any form of dividends/financial rewards. Tokens are not intended to constitute securities in any jurisdiction.
”Bomb is activist code that codifies new, irrevocable economic laws of resistance.
Micah White PhDCo-Creator of Occupy Wallstreet
”At Ethos, we believe in supporting innovative, emerging, and trustworthy projects; Bomb Token fits perfectly with what we look for. We look forward to being the wallet of choice for Bomb and helping the Bomb Squad make tokens go BOOM!
Shingo LavineFounder of Ethos
BOMB SQUAD
BOMB isn’t a normal cryptocurrency. There is no leader. There is no CEO. We don’t have a white paper. And we surely don’t wear suits. There is no ‘team’ or inner circle. There is no ‘HQ’ or main offices. There is no red tape. Nobody controls this social experiment any more than Satoshi controls Bitcoin. BOMB is an open-source, community-powered social experiment to create a self-destructing currency. We hope you join us.
Zachary Dash
The Creator
A failed programmer who hasn't had a soda in 12 years, Dash has a passion for connecting the world with new visions of reality.
Austin Merricks
The Advisor
A world traveler when not REKT. Austin is an avid mineral collector, fascinated by ancient pyramids, and an advocate of disruptive and blockchain technology.
Martin Kiel
The Arsonist
An awkwardly persistent stargazer by day and digital ninja by night, Martin strives toward global sustainability and collective betterment through technology at scale.