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 as a transactional currency, but rather a consistent and decentralized store of value. Through a system of immutable smart contracts and continuous hyperdeflation, BOMB is the world’s first self-destructing currency.
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 appreciation.
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.
The project is fueled by an open-source network of individuals passionate about making BOMB the deflationary asset of the decentralized world. Here are just a few of the amazing community members pushing the vision forward.
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.
A world traveler when not REKT. Austin is an avid mineral collector, fascinated by ancient pyramids, and an advocate of disruptive and blockchain technology.
An avid believer of radical transparency and roasting pitch decks. Vincent is on a mission to provide liquidity to crypto-friendly institutions.
A Louisiana Native and single mother of two, Meredith is a connector of people who believes in empowerment through freedom from traditional financial systems.
A blend of mustache and beautiful story telling, Dylan was a previous editor at Cointelegraph and ran CBO for a multi-million dollar blockchain agency.
”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 is activist code that codifies new, irrevocable economic laws of resistance.Micah White PhDCo-Creator of Occupy Wallstreet
”The Ultimate Deflationary CurrencyCrypto ZombieYoutuber