Post
Topic
Board Speculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
by
Quidat
on 28/05/2020, 22:47:55 UTC
As users increase and BOOM circulation speeds up, destruction of BOOM will also accelerate. Once a user buys BOOM, he/she can only sell 99% to others, so the ‘Price Increase’ Expectation will be there naturally. That situation makes users prefer to hodl, if the pump is not big enough.

So it do burn out automatically 1% on the entire transaction? This would just lead for its investors/users to hold the token instead on making out transaction
since they do know that it would surely decrease out their entire port if they do such thing so theres no circulation. This is somewhat new to me but that burning
of token scenario wont really give out changes in terms of price if the demand isnt really that high.Also this one is also using up eth platform and just like any
other erc20 shit tokens out there then this one is no different, there might be other features but this one doesnt really give out something new.