Taking the form and ideology spotted with BOMB Token, a social experiment and financial case study to measure the feasibility of a deflationary currency , ETHPLODE is developed to act as a currency for store of value through a steady reduction in total amount which undoubtedly creates scarcity for, inducing high demand hence rise in price.
Built on Ethereum network and through a system of immutable smart contract, it is self-destructive each time ETHPLO token is transacted/transferred. It reduces in number automatically and not possible to create a new token.
ETHPLODE uses a ticker "ETHPLO". There will be a total supply of 100,000,000 ETHPLO viewable at this contract address . For every ETHplo transaction that is made, i.e for every transfer made from any wallet holding ETHPLO token, 0.5% of such transaction amount will be burnt automatically from the total supply. This fashioned in a way that exclude exchange transactions. An instance is where Mr. A transfer 100 ETHPLO token from his wallet k to wallet m of Mr. B. The recipient's wallet is updated with 100 ETHPLO token and at the same time 0.5% of the transferred amount will be burned from the total supply of 100,000,000 ETHPLO thereby reducing the total supply over time.
If 100 accounts make transfer of presumably 100,000 ETHPLO daily, the logic holds that 500 of 100,000,000 ETHPLO token is destroyed leaving the total supply at 99,999,500 ETHPLO . For now, this is designed to continue indefinitely unless otherwise decides.
The team decides that 70% of total supply is for airdrops, bounty and giveaways, 15% for developing the platform, 5% for exchange listings and 10% for the Team members.
For more information about the project, airdrop, bounty and tokensale, please see below links
All right reserved. This article is originally created by @Bob-elr, telegram name @cryptopreach. None of the contents of this post shall be used except for the images without the express permission of the Author
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