Topic: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 14. (Read 3698 times)
November 10, 2020, 05:09:48 AM
I believe it's improper. The possibility that bitcoin has brought is totally unique in relation to the consuming thought of this coin that you have brought. I love to see result of this model. In the event that BOOM can have any critical effect, at that point previously existing deflationary coins will likewise be profited.
November 09, 2020, 12:54:18 PM
This would simply lead for its speculators/clients to hold the token rather on making out exchange since they do realize that it would doubtlessly diminish out their whole port in the event that they do such thing so there's no dissemination. I believe it's unseemly. The possibility that bitcoin has brought is altogether unique in relation to the consuming thought of this coin that you have brought.
November 08, 2020, 03:24:13 PM
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.
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.
November 08, 2020, 01:42:39 PM
The token unmistakably says it will consume the token, the person who is as yet intrigued ought to take an interest others should cruise by. Yet, calling it by and large a trick is ridiculous thing. each undertaking needs a great deal of difficult work to get off the ground and a major network to revitalize behind it, so I will accomplish more exploration and due tirelessness on this task and check whether it merits a little punt or not. This strategy is ground-breaking and numerous tasks do it in light of the fact that numerous financial specialists like to put resources into coins which has a low all out flexibly.
Its best strategy to do proper research and explore it before you come up with any conclusion. The only thing deflation coins missing right now is use cases. If in coming days we have use cases of these deflation coins then who knows they may land on moon.
November 04, 2020, 09:31:48 AM
The token unmistakably says it will consume the token, the person who is as yet intrigued ought to take an interest others should cruise by. Yet, calling it by and large a trick is ridiculous thing. each undertaking needs a great deal of difficult work to get off the ground and a major network to revitalize behind it, so I will accomplish more exploration and due tirelessness on this task and check whether it merits a little punt or not. This strategy is ground-breaking and numerous tasks do it in light of the fact that numerous financial specialists like to put resources into coins which has a low all out flexibly.
November 03, 2020, 02:54:43 PM
We learn from crypto that controlling inflation increases the value of asset. BTC success lies in the fact that it has controlled inflation. likewise these deflationary tokens are bringing the concept of token burning which is also a step in increasing the price of token.
November 01, 2020, 12:46:59 PM
IIRC this BOOM token / deflationary coins is already been out there few years ago. They already have enough time for an experiment to get the result, So far there is still 970M Boom available in circulation which means only are interested on this kind of coin because its promise nothing besides burning the supply every transaction which will be good for mass adoption. This kind of experiment goal to know whether people will bite this kind gimmick to attract investors or not.
I just have a point that BTC is only about digital payment system with no other use case still it made itself the ruler of crypto market.
There are many coins that have attractive use cases but fail to get to mainstream adoption. Deflationary coins doesn't have other use case doesn't mean that they cant qualify for mainstream adoption.
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October 31, 2020, 01:11:36 PM
Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.
Do you really believe that?Thats correct. We need to give deflationary coins some time and see its behavior in days to come. BTC also took a while to fly. If govt start adopting the concept of deflation then fiat currencies will also go up in value.
IIRC this BOOM token / deflationary coins is already been out there few years ago. They already have enough time for an experiment to get the result, So far there is still 970M Boom available in circulation which means only are interested on this kind of coin because its promise nothing besides burning the supply every transaction which will be good for mass adoption. This kind of experiment goal to know whether people will bite this kind gimmick to attract investors or not.
October 31, 2020, 12:53:54 PM
BOOM and other alike deflationary tokens are facing positive criticism, which every new coin has to face. Dev team need to address all concerns of investors if they really want to see BOOM adopted by massive people.
October 28, 2020, 12:37:19 PM
Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.
Do you really believe that?Thats correct. We need to give deflationary coins some time and see its behavior in days to come. BTC also took a while to fly. If govt start adopting the concept of deflation then fiat currencies will also go up in value.
October 01, 2020, 08:57:52 AM
One way or another, a self-igniting coin has every chance of success, but why invent a wheel if a bicycle already exists? In other words, if a coin can have a specific maximum amount, such as BTC, then this already suggests that inflation is out of the question.
September 30, 2020, 04:16:42 PM
Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.
Do you really believe that?Ddal3, could you be more specific what you mean when you said smart contract is burning crypto with every transaction.
September 30, 2020, 10:51:42 AM
Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.
Do you really believe that? September 29, 2020, 02:47:58 PM
It is risk worth taking to invest in BOOM, since price of BTC and other top currencies have gone so high that we have to look for alternative and deflationary is getting attraction of more and more investors these days. As its evident from the market cap of BOOM and other deflationary tokens.
September 26, 2020, 02:04:02 PM
Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.
Do you really believe that?Yes, I have done some research and thats why I am firm believe in deflationary tokens. May be I will be like the one who invested in btc in 2009-10. Lets just wait and see.
September 25, 2020, 02:52:06 PM
Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.
Do you really believe that? September 25, 2020, 02:45:26 PM
So whenever we do a transfer there is a BOOM token burning and quantity goes down in number. Token burning is not huge in number but it will defiantly help in controlling the supply of tokens. Its safe to bet on BOOM but it will take time.
September 23, 2020, 02:23:25 PM
If you see price and daily volume of this coin then its clearly evident that BOOM is very much volatile and this volatility will help BOOM in getting huge price swings most probably in upward direction. All we need is buy BOOM and keep calm.
September 16, 2020, 01:27:27 PM
We need to think out of the box to understand the concept of BOOM. Its something similar to what satoshi proposed in 2008 but in a different way. One thing is clear that BOOM and other deflationary tokens are here to stay and they have proved it over the years.
September 14, 2020, 02:54:28 PM
If you browse the site of BOOM token you wont see much advertisement of any sort there message is very clear i.e. we have a token that is decreasing in quantity if you are interested please buy it. I really appreciate that they are very clear in there vision.
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