BOOM really has a pretty good mechanism but it has a huge weakness that traders / holders have to suffer a disadvantage.
As far as I understand the BOOM mechanism, A transfers 100 BOOM to B and B just receives 99 BOOM, 1 BOOM will be automatically destroyed.
In terms of physical value, B has lost 1 BOOM and if the price of BOOM does not increase, then B is considered to have lost. According to the current BOOM price chart, it is falling down and trading always leads to losses!
That is the reason why BOOM has a good mechanism but certainly cannot attract many investors to them. I think the team should have a marketing campaign and create a strategy to keep prices for BOOM so that the project can be successful.
Very well explained. B will be in total loss if price does'nt go up. This is what crypto is all about, you have to take risk to get some big hits.
what about A ? A send BOOM to B because A is also a holder of BOOM and if BOOM doesnt increase A will also suffer from loss and its loss can be higher than B because A is a hodler of BOOM but why will the BOOM will decrease when it always burns its supply everytime a transaction was done , i thought token burning can lead ro the increase in the price . what about the fee when we send BOOM , is there a seperate fee from the sender if yes then both the sender and the reciever are going to loose some coin .