The whole system of token burn is to create hype in the market. There are already a lot of projects that have the same token burn model. So what's special about this project? Why would investors be interested in investing?
If you burn tokens, the market price will increase. This model has become very old, now it does not affect the market price like before.
Topic: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract - page 17. (Read 3698 times)
In my view the BOOM has been fairly advertised, see it already on too many decent exchanges and has a decent turn around as shown by statistics on CMC. All altcoins are down and there is a chance that this coin may perform well in coming altcoin season.
After I learned about BOOM tokens, it turns out that this token really does have the ability of a self-destructing mechanism.
This is very unique, logically the number will continue to decrease when each transaction occurs using BOOM. Of course this
makes the demand for BOOM tokens increase, it should make BOOM prices also go up. What happened wasn't like that. BOOM
prices are still stable. Maybe it should be helped with promotions, so that the number of BOOM holders continues to increase.
This is very unique, logically the number will continue to decrease when each transaction occurs using BOOM. Of course this
makes the demand for BOOM tokens increase, it should make BOOM prices also go up. What happened wasn't like that. BOOM
prices are still stable. Maybe it should be helped with promotions, so that the number of BOOM holders continues to increase.
Yes, I think with time as BOOM reaches out to more audience there is fair chance that its price will go up. Its price is stable is also an indication that it's stable and standing firmly.
After I learned about BOOM tokens, it turns out that this token really does have the ability of a self-destructing mechanism.
This is very unique, logically the number will continue to decrease when each transaction occurs using BOOM. Of course this
makes the demand for BOOM tokens increase, it should make BOOM prices also go up. What happened wasn't like that. BOOM
prices are still stable. Maybe it should be helped with promotions, so that the number of BOOM holders continues to increase.
This is very unique, logically the number will continue to decrease when each transaction occurs using BOOM. Of course this
makes the demand for BOOM tokens increase, it should make BOOM prices also go up. What happened wasn't like that. BOOM
prices are still stable. Maybe it should be helped with promotions, so that the number of BOOM holders continues to increase.
What does this coin offer in the market apart from self burning itself because am sure there are more coins with consensus properties and what have you to decide to implement various strategies by their community. What am trying to point out is this burning is not a new thing or changer, Boom need more tech persusiasion to gain market
I don't think daily volume is an indicator of a good altcoin. We have seen many altcoins going up that slept for years. In fact there is no indicator for any altcoin that suggests it will go up. Just invest in BOOM if you enjoy taking the risk.
You cant just tell people to invest into something which doesnt really have that much of potential.Im not saying this one doesnt have but i dont see that this
coin or project do something better compared to others. Yes, it do self-destruct then whats next? It do only lessen up the entire supply but whats
about real life actual usage? This surely wont fit out.
I don't think daily volume is an indicator of a good altcoin. We have seen many altcoins going up that slept for years. In fact there is no indicator for any altcoin that suggests it will go up. Just invest in BOOM if you enjoy taking the risk.
I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.
Although everyone has its own opinion about the deflationary tokens but its true fact that sleeping coins can go up at any time. BOOM seems to be another sleeping coin since this coin has not seen any rally so far.
Is BOOM really sleeping? And in what way are they sleeping?
I am just thinking if deflationary tokens are still in vogue because when tokens are burnt these days, there usually seems to be no effect and no meaningful impact. I think a well
maybe sleep for long time my friend
because the volume is only $24,671 USD and thats not good for any kind of cryptocurrency including boom as theFirst Self-Burning Cryptocurrency Based on Smart Contract buddy
Its because BOOM is new token and alt coins are not very much bullish these days. I think these statistics are satisfactory keeping in view the other altcoins.
I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.
Although everyone has its own opinion about the deflationary tokens but its true fact that sleeping coins can go up at any time. BOOM seems to be another sleeping coin since this coin has not seen any rally so far.
Is BOOM really sleeping? And in what way are they sleeping?
I am just thinking if deflationary tokens are still in vogue because when tokens are burnt these days, there usually seems to be no effect and no meaningful impact. I think a well
maybe sleep for long time my friend
because the volume is only $24,671 USD and thats not good for any kind of cryptocurrency including boom as theFirst Self-Burning Cryptocurrency Based on Smart Contract buddy
I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.
Although everyone has its own opinion about the deflationary tokens but its true fact that sleeping coins can go up at any time. BOOM seems to be another sleeping coin since this coin has not seen any rally so far.
Is BOOM really sleeping? And in what way are they sleeping?
I am just thinking if deflationary tokens are still in vogue because when tokens are burnt these days, there usually seems to be no effect and no meaningful impact. I think a well
I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.
Although everyone has its own opinion about the deflationary tokens but its true fact that sleeping coins can go up at any time. BOOM seems to be another sleeping coin since this coin has not seen any rally so far.
I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.
I agree with you and since you are senior member your remarks have lots of weight. We usually are reluctant to buy coins when they are down and only buy them when they start there bull run, that's not a wise move. We must buy coins when they are down.
I like the deflationary Idea as I am also invested in another deflationary coin but it may take time for this one to catch on as the volume is very low on the few exchanges it is listed. Of course every project needs a lot of hard work to get off the ground and a big community to rally behind it, so I will do more research and due diligence on this project and see if it is worth a small punt or not. Sometimes it's these quiet sleeper coins that you see suddenly take off and do a 10 x just like that. I will check it out further for sure.
I don't see the reason why I need this token because it is not valuable enough to serve as money, I know some people would say what about Bitcoin but Bitcoin is not pre-mined and you need huge energy to create it unlike this, the only sellin gpoint is burning part, there is no token in the space that has not been burnt mistakenly, some people have lost BTC. Just tell me what give this tokens value
It seems that deflationary tokens like BOOM will find a huge challenge from the crypto community. If dev of BOOM is reading this then he should do something to soften the image of BOOM in the heart of the crypto community.
I don't think there is something dev needs to do about this token. They created the coin with feature that it will go down in numbers with every transaction that's why its called deflationary tokens.
I don't see the reason why I need this token because it is not valuable enough to serve as money, I know some people would say what about Bitcoin but Bitcoin is not pre-mined and you need huge energy to create it unlike this, the only sellin gpoint is burning part, there is no token in the space that has not been burnt mistakenly, some people have lost BTC. Just tell me what give this tokens value
It seems that deflationary tokens like BOOM will find a huge challenge from the crypto community. If dev of BOOM is reading this then he should do something to soften the image of BOOM in the heart of the crypto community.
I don't see the reason why I need this token because it is not valuable enough to serve as money, I know some people would say what about Bitcoin but Bitcoin is not pre-mined and you need huge energy to create it unlike this, the only sellin gpoint is burning part, there is no token in the space that has not been burnt mistakenly, some people have lost BTC. Just tell me what give this tokens value
You got some point though but you cant really blame out people on why they can do make some presumptions into this kind of tokens which is deflationary.
Can you elaborate or do give out on why you do see these things have great future? It doesnt really give out something which would the masses support.
Time will tell if this one would able to emerge or would automatically submerge.
I do agree that everyone has his own right to say and invest in any crypto of his choice. Deflationary coins are interesting in my opinion, as they are rolling out a new concept. BOOM is a legitimate project since it's on too many exchanges.
I just there site https://www.boomtoken.io/ , really the coin is on few top exchanges. No doubt about the legitimacy of the project.
We just have to wait and see how it goes in the long run, till then start accumulating few of them.
You got some point though but you cant really blame out people on why they can do make some presumptions into this kind of tokens which is deflationary.
Can you elaborate or do give out on why you do see these things have great future? It doesnt really give out something which would the masses support.
Time will tell if this one would able to emerge or would automatically submerge.
I do agree that everyone has his own right to say and invest in any crypto of his choice. Deflationary coins are interesting in my opinion, as they are rolling out a new concept. BOOM is a legitimate project since it's on too many exchanges.
Is there something new about this? what is the usecase? If a project doesn't have this for sure it is just a pump and dump token and people will just get rekt if they are planning a long term investment, maybe a quick profit will do however it is not the case, in this times, we need someone that will last.
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.
This is the most outrageous things i have heard, i have heard about coins being burned but self burning cryptocurrency, seriously do we need that 
. What if all my investment goes boom since it is a self burning cryptocurrency. Good luck with the adaption explaining about your coin and it would like to see how far it will go.Any plans to list on popular exchanges.
Jump to: