Crypto enthusiasts get used to the idea that after ICO tokens become tradable and turn to be a mean of payment for services the project provides. But BOMB coin is used for the other purposes as its team follows radically different philosophy. This is an ecosystem that shows a completely unusual approach to the blockchain and crypto projects which are designed to gain benefits and make money on the promotion of their own cryptocurrency. The story of BOMB coin appearance is quite unusual - the team just had a fit of the blues during the declining cryptocurrency market and came to the idea to create the first self-liquidating currency in the world just as a social experiment. Some could consider this project a bit whimsical, but the more researches Bomb team makes into monetary and economic environment, the more interested it becomes. There are a number of questions that the team tries to answer, whether it is about survivance of hyperdeflationary asset or a possible existence of alternative asset class considering the fact that crypto is changing the financial landscape dramatically.
As there was no opportunity to get the direct answer for these questions, the developers of the project decided to carry out a kind of a research to find them. The created BOMB coin doesn’t intend to be a mean of payments while transacting, but rather a distributed store of hoardings. The team absolutely doesn’t care, what user does with BOMB tokens, the only thing that matters is how the case study is going. Just letting it run its natural course. Workers inside Bomb ecosystem are combating tokens velocity on a first-priority basis. To put it shortly, tokens velocity is a speed with which tokens are circulating within their native platform. In case the velocity is too high, assets will struggle to conserve long-term appreciation.
We always face the statement in the social media that inflation is desirable phenomenon, as it influences positively on economy. But it’s interesting to mull over if the constantly rising prices because of the inflation are really good for us. With this idea in mind Bomb team focuses its project on the deflation phenomenon. For the economy and the people the best solution is a stable amount of money. That’s why there were only 1,000,000 Bomb created. 1% after every transaction carried out is destroyed, and moreover, there will be no newly created BOMB. All tokens were initially distributed among supporters of experiment.