Home Altcoins What is Bomb Token? [Quick Guide]

What is Bomb Token? [Quick Guide]

by Crypto Coin Dude
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What is BOMB token

Bomb token is one of those cool projects that you stumble across when the token’s community excitement spills over into the wider crypto-sphere. I decided to do some digging and find out what Bomb Token is all about and what it has to offer crypto fans and investors. Read this post to find out more about this project.

What is Bomb Token?

In essence, BOMB is the world’s first self-destructing currency – which from the get-go sounds kind of cool.

BOMB is founded on three simple rules:

  1. There was originally 1,000,000 Bomb in existence.
  2. Each time a Bomb is transferred, 1% of the transaction is destroyed.
  3. There will never be newly minted Bomb.

The intention is not to be used for day-to-day transactions, but rather as a decentralized hedge against traditional inflationary instruments. Through a system of immutable smart contracts and continuous destruction, BOMB is the world’s first self-destructing currency.

Who created Bomb Token?

The creator of Bomb Token is Zachary Dash. You can check out Zach’s background over on Linkedin:

Zachary Dash creator of the Bomb Token

A failed programmer who hasn’t had a soda in 12 years, Dash has a passion for connecting the world with new visions of reality.

What problem is BOMB trying to solve?

As we know the crypto-sphere is littered with 1000s of dead projects. They (for a number of reasons from scams to little direction) simply failed.

Most often they didn’t solve a problem. they had no real-world use case.

BOMB has a clear mission.

It has a vision of becoming the deflationary currency of the decentralized world.

The buzz emanating from the scene

In its short existence BOMB has garnered some enthusiastic proponents. Check out the quotes from some industry big hitters.

‘Bomb is activist code that codifies new, irrevocable economic laws of resistance.’ – Micah White PhDCo-Creator of Occupy Wallstreet

‘At Ethos, we believe in supporting innovative, emerging, and trustworthy projects; Bomb Token fits perfectly with what we look for. We look forward to being the wallet of choice for Bomb and helping the Bomb Squad make tokens go BOOM! ‘ – Shingo Lavine Founder of Ethos

There’s also energy and vibrancy coming from the BOMB community Over on Reddit as well as Twitter and Telegram.

The BOMB token is an interesting play in the crypto-space and one well worth keeping an eye on. If you want to pick up some BOMB head on over the Mercatox exchange today.

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