Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
by
Palrel
on 08/10/2021, 18:38:23 UTC
BOOM price is still very low and it will take years before its price may go up and touch some reasonable values. I don't think buying such coins have any use when we have so much valuable coins revolving in the market.
AFAIK they are building a general purpose cloud storage infrastructure for Web 3.0 that is different from current decentralized storage solutions (e.g. Filecoin, Arweave, etc.). Its not just a specific storage module (e.g. file system or database). Rather they are building a more complete storage system, or rather, a decentralized Big Data system, to provide more flexible, scalable, and practical data management services for upper layer of decentralized applications.
Decentralized BDS (Minerva) and Decentralized FS (IPFS) are what CATA offers as new infrastructure for decentralized data storage. Definatly its something badly required in decentralized data storage.
Those who want to join the recruitment can contact us through email: info@cata.network.
I have submitted my application today. Admin can you please check and reply. Also I wanna know, whether newbies like me can join this campaign or its for senior members only.
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BoardSpeculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
so this means there will be a day when all BOOM tokens will be burned and there will be no more BOOM. We have to consume all BOOM tokens prior to that date. Its like pass a pillow game, you need to throw pillow to someone other before the music stops. Let me know if I got it correct.
No its not, its only burn 1% on percentage. I dont think this would impact much to the price, its just like 1% transaction fee that goes to burning address. Also, how the market deciding the price if all of the people hold the tokens.
AFAIK, every transaction will also burn some of BOOM token and thats the only way to introduce deflation i.e. decrease in supply of BOOM tokens. As token supply will go down, we will see increase in price of tokens.
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BoardSpeculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
If the transaction is local on the exchange, isnt it will not trigger any burn function on the smart cointract? I dont think this kind of burn mechanism can work...
Thats really a nice observation and we must wait and see for the answer. I dont think if there is an internal transfer on exchnage of BOOM then it can have any impact on smart contract. But again, there dev team can answer that well.
Deflationary there will be mechanism to burn tokens with every transaction on enlisted exchange. Majority of transactions are on exchanges, so it will be useless if they don't have any mechanism for exchanges.
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BoardSpeculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
by
Palrel
on 05/06/2021, 10:33:23 UTC
Deflationary tokens are good but you need to be careful while playing with them. BOOM has gone up by 400% in one day and it might remain bearish for many days to come. You need to be wise in order to carefully chose the time for investment.
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BoardAnnouncements (Altcoins)
Re: [Ann] ⭐️ CamelCoin ⭐️ Cryptocurrency based in the Sahara ⭐️
by
Palrel
on 30/05/2021, 18:14:27 UTC
What blockchain you are using or you have your own blockchain ? The token will be, investment/asset token or utility token, or currency token?
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BoardTokens (Altcoins)
Re: [ANN][PIK]🔥[TOKENSALE]🔥DEFI CRYPTOCOIN - PIGGYTOKEN🔥SALE ON LIVE🔥🔴HURRY🔴🔴
Can you please give some advice on whether to buy or not at current price of ETH?
As we predicted market trend is down, for BTC, ETH and obviously for all market. The bull market is still faraway. We have clear signals about the min value for btc and eth. Follow our trading signals, many users of piggytoken.com signals made a lot of money in this bear market .
seeing this thread, I think its best to buy your trading signals. I will post my experience here for others on whether to join or not.
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BoardTokens (Altcoins)
Re: [ANN][PIK]🔥[TOKENSALE]🔥DEFI CRYPTOCOIN - PIGGYTOKEN🔥SALE ON LIVE🔥🔴HURRY🔴🔴
by
Palrel
on 28/05/2021, 18:39:32 UTC
Can you please give some advice on whether to buy or not at current price of ETH?
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BoardTokens (Altcoins)
Re: [ANN][PIK]🔥[TOKENSALE]🔥DEFI CRYPTOCOIN - PIGGYTOKEN🔥SALE ON LIVE🔥🔴HURRY🔴🔴
by
Palrel
on 22/05/2021, 18:40:20 UTC
your native token is piggy token. I have a question that what type of coin this will be, investment/asset token or utility token, or currency token?
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BoardTokens (Altcoins)
Re: [ANN][PIK]🔥[TOKENSALE]🔥DEFI CRYPTOCOIN - PIGGYTOKEN🔥SALE ON LIVE🔥🔴HURRY🔴🔴
We also gave signal about DOT (not here but on our signaling platform) that it will get down from 40$ to 22$. That's another very good signal from piggytoken and this proves that we good predictors not just ordinary one.
Try our signal platform for 150 piggy tokens only.
Whats your future prediction about BTC and alt coins? Which one to buy and at what rate. I am very new here and need some guidance on how to trade.