I'm pretty sure this is not the first time such self-destructing currency exist. EQUAL has built or implemented this functionality since their first inception. I'm not following this project anymore so I don't really know how their development went (if they ever have one main goal), but you can check it out here[1].
They have the same mechanics. Each transaction will cause 1% of tokens to be destroyed, iirc. But they have more tokes which make their deflation should be slower than this bomb token.
[1] https://equal.tech/
Topic: the bomb - World’s First Self-Destructing Currency (Read 167 times)
https://bombtoken.com/
World’s First Self-Destructing Currency
BOMB is a social experiment and financial case study to measure the feasibility of a deflationary currency. The rules are simple.
There were originally 1,000,000 Bomb in existence.
Each time a Bomb is transferred, 1% of the transaction is destroyed.
There will never be newly minted Bomb/
The intention is not to be used as a transactional currency, but rather a consistent and decentralized store of value. Through a system of immutable smart contracts and continuous hyperdeflation, BOMB is the world’s first self-destructing currency.
World’s First Self-Destructing Currency
BOMB is a social experiment and financial case study to measure the feasibility of a deflationary currency. The rules are simple.
There were originally 1,000,000 Bomb in existence.
Each time a Bomb is transferred, 1% of the transaction is destroyed.
There will never be newly minted Bomb/
The intention is not to be used as a transactional currency, but rather a consistent and decentralized store of value. Through a system of immutable smart contracts and continuous hyperdeflation, BOMB is the world’s first self-destructing currency.
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