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Author Topic: [ANN] The World's First Self-Destructing Currency - BOMB  (Read 1080 times)
BombToken
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January 21, 2019, 10:39:23 PM
Last edit: February 19, 2019, 07:21:25 PM by BombToken
 #1


The World's First Self-Destructing Currency

Myself and three friends got a little bored during the bear market and decided to create the
world's first self-destructing currency called BOMB.




The rules are simple


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

First and foremost, we acknowledge and anticipate an incoming amount of skepticism/negativity
towards this project. I'll be the first to admit, the concept still seems a little whimsical when we
explain it to people. At the same time, the more research we did into economic incentives and
history of the financial system, the more curious we became:


Outside of transactional currency, can a hyperdeflationary asset survive?
When given away for free, would people actually want to keep or store it?
With an evolving crypto landscape, is there a place for this alternative asset class?
At the current rate of hyperdeflation, how long will it take for all Bomb to be destroyed?



While there is no way of knowing the answers to those questions, we wanted to create a
case study to find out. For that reason, Bomb is nothing more than a
social experiment of human psychology and economic exploration.

There are quite a few projects that inspired the tokenomics behind the project (MKR especially),
and many projects already using the burn method in their system. That said, the intent
of BOMB is not to be used as a transactional currency or utility token, but rather
a hyperdeflationary and decentralized store of value.


On the first day of putting the website up, we had over 200+ people claim the tokens.
As of today (one week since launch), there has been over 136,750 claimed tokens,
and over 1300 tokens burned during the distribution process. On average, every
five minutes a new person claims their Bomb. While this doesn't add true
validity to the project by any means, it did show us
other people are as intrigued as us.


The tokens have already been minted and 25,000 have already been released
into the wild for people to play with. We aren't doing an ICO, and everything
will be completely self-funded out of our own curiosity and development.
Trash them. Sell them. Save them. We don't care.
We just want to see where this case study goes.

If you would like to participate in this experiment with us, we encourage you to
grill us with questions below. We understand the the amount of distrust in the
industry and want to be 100% transparent with everything we do.


Official Site: https://bombtoken.com/
Official Telegram: https://t.me/bombtoken
Official Twitter: https://twitter.com/BombToken
Official Reddit: http://reddit.com/r/bombtoken
Etherscan: https://etherscan.io/address/0x1C95b093d6C236d3EF7c796fE33f9CC6b8606714



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January 21, 2019, 11:28:26 PM
 #2

I'm loving the concept!  Made sure to sign up and get in on the second wave.
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January 21, 2019, 11:41:58 PM
 #3

I'm loving the concept!  Made sure to sign up and get in on the second wave.

Glad to have you and just in the nick of time. About 22 spots left until Wave Three starts. Appreciate the support and please let us know if you have any questions!
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January 22, 2019, 04:30:51 AM
 #4

I signed up the other day after someone sent me a link on telegram.  I didn't make it into the first wave, but I'm happy to be part of the second!
My roommate also signed up.  We're going to do our part by transferring BOMB back and forth to burn a bit more.
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January 22, 2019, 05:49:17 AM
 #5

I signed up the other day after someone sent me a link on telegram.  I didn't make it into the first wave, but I'm happy to be part of the second!
My roommate also signed up.  We're going to do our part by transferring BOMB back and forth to burn a bit more.

That's awesome to hear the project is spreading organically and through word of mouth! Glad to have you for Wave Two. If you want me to send you some test Bomb's on Rinkeby to play with, let me know on Telegram =)

t.me/bombtoken
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January 22, 2019, 06:15:41 AM
 #6

great project and this concept is very interesting. Is this BOMB token will be higher cost from the BTC? It is better to have a better roadmap on how this token will survive in the next 3 to 5 months...
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January 22, 2019, 06:40:26 AM
 #7

Cool! Want some... how is coin distributed?

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January 22, 2019, 07:32:00 AM
 #8

great project and this concept is very interesting. Is this BOMB token will be higher cost from the BTC? It is better to have a better roadmap on how this token will survive in the next 3 to 5 months...

Glad you find it interesting!  We don't want to provide any speculation on price to skew the experiment. As this is an open-source project, the community around us will be pushing the roadmap forward in whatever direction they choose =)
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January 22, 2019, 07:45:09 AM
 #9

My God I have found a project that isnt minting a zillion coins.....at fitst glance there might be concern that one million coins isnt enough, Particularly given the token burn of transmission fees....but please remember there are 18 decimels to this token. In an age where we are accustomed to payign in integers it might be refreshing to now send fractions of a coin. Value will accumulate as the tokens are dispersed and the eco-system takes off....I am wathcing you closely Bomb
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January 22, 2019, 07:53:15 AM
 #10

Cool! Want some... how is coin distributed?

You can view the current distribution cycle at https://bombtoken.com/waves

As we want to ensure to get this token into the hands of people who actually want it, this is subject to change. Wave One has been complete. Wave Two is about to finish up. When thresholds are hit, tokens and distributed to those who claimed them. Hope this helps.
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January 22, 2019, 08:13:24 AM
 #11

looks interesting with a total allocation of only 1m, I will see how each progress is on this project.

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January 22, 2019, 08:30:50 AM
 #12

The rules are simple

2) Each time a Bomb is transferred, 1% of the transaction is destroyed.
3) There will never be newly minted Bomb.


if all BOMB tokens have been destroyed, then what do we hold later? surely our money will be destroyed along with the token, ridiculous
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January 22, 2019, 08:34:46 AM
 #13

The rules are simple

2) Each time a Bomb is transferred, 1% of the transaction is destroyed.
3) There will never be newly minted Bomb.


if all BOMB tokens have been destroyed, then what do we hold later? surely our money will be destroyed along with the token, ridiculous


I believe you are confused. Transactions are only destroyed if you send them. Don't send them and your tokens won't be destroyed. You hold what you want. If everyone decides to burn/destroy theirs, your stake in the network will only increase.
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January 22, 2019, 09:30:07 AM
 #14

Cool! Want some... how is coin distributed?

You can view the current distribution cycle at https://bombtoken.com/waves

As we want to ensure to get this token into the hands of people who actually want it, this is subject to change. Wave One has been complete. Wave Two is about to finish up. When thresholds are hit, tokens and distributed to those who claimed them. Hope this helps.
btw, I have seen it on the website, after the token has been distributed, there will be an exchange market available, which I want to ask on what date?

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January 22, 2019, 12:37:56 PM
Last edit: January 22, 2019, 12:59:35 PM by v2urs
 #15

Hi, I find the project as an interesting thing. By its characteristics it will be the token with less movements of all and one would think twice before sending it to an exchange.

Just one question that affects the distribution:

I'm sure there will be people who create multiple email addresses. How do you think to fight against this?

And one observation: start distributing the tokens before announcing yourself in bitcointalk it sounds like you do not want many people to know it from the beginning.
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January 22, 2019, 05:00:04 PM
 #16

Hi, I find the project as an interesting thing. By its characteristics it will be the token with less movements of all and one would think twice before sending it to an exchange.

Just one question that affects the distribution:

I'm sure there will be people who create multiple email addresses. How do you think to fight against this?

And one observation: start distributing the tokens before announcing yourself in bitcointalk it sounds like you do not want many people to know it from the beginning.

I agree with your first premise! Another person in our group also pointed out, the 1% transaction burn could also deincentivize people to remove their tokens from the exchanges, further adding liquidity. Intrested to see how it plays out.

We have some pretty cool technology working behind the scenes to find and ban bad actors. To this day, we have already indefinitely blacklisted 50+ people. Good question!
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January 22, 2019, 09:11:50 PM
 #17

Cool! Want some... how is coin distributed?

You can view the current distribution cycle at https://bombtoken.com/waves

As we want to ensure to get this token into the hands of people who actually want it, this is subject to change. Wave One has been complete. Wave Two is about to finish up. When thresholds are hit, tokens and distributed to those who claimed them. Hope this helps.
btw, I have seen it on the website, after the token has been distributed, there will be an exchange market available, which I want to ask on what date?


The date depends on how quickly people claim all 1M Bomb. There is not set date.
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January 24, 2019, 06:54:24 AM
 #18

WAVE TWO IS OFFICIALLY COMPLETE

Wave Two has officially been completed and 1,500 spots remain until Wave Three ends.

Wave One: 100 Tokens Distributed to first 250 Participants

Wave Two: 100 Tokens Distributed to first 1000 Participants

Wave Three: 100 Tokens Distributed to first 2,500 Participants

Wave Four: 100 Tokens Distributed to everyone after 5,000 Participants


Once you are in a Wave, you receive all future Wave Distributions that follow.
After a designated Distribution Milestone amount is reached, participants will receive
tokens and be updated by email. All tokens that go unclaimed will either
be burned or redistributed back to the community.

Claim Your Bomb: https://bombtoken.com/

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January 24, 2019, 07:08:57 AM
 #19

WAVE TWO IS OFFICIALLY COMPLETE

Wave Two has officially been completed and 1,500 spots remain until Wave Three ends.

Wave One: 100 Tokens Distributed to first 250 Participants

Wave Two: 100 Tokens Distributed to first 1000 Participants

Wave Three: 100 Tokens Distributed to first 2,500 Participants

Wave Four: 100 Tokens Distributed to everyone after 5,000 Participants


Once you are in a Wave, you receive all future Wave Distributions that follow.
After a designated Distribution Milestone amount is reached, participants will receive
tokens and be updated by email. All tokens that go unclaimed will either
be burned or redistributed back to the community.

Claim Your Bomb: https://bombtoken.com/



When the distribution starts for this wave? Smiley (just to know, I check my address and I saw I correctly received 99 BOMBs for the first wave ;-))
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January 24, 2019, 11:38:42 AM
 #20

I will sell my tokens
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January 30, 2019, 09:48:34 PM
 #21

I will sell my tokens

Good, contributing to the deflation that way

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February 04, 2019, 03:14:52 PM
Last edit: February 11, 2019, 10:23:44 AM by v2urs
 #22

6000 members: https://t.me/bombtoken


How does BOMB token work?

1) 1% of every transaction is destroyed.
2) There were only 1M BOMB created.
3) There will never be newly created BOMB.



Custom Token Contract?

https://etherscan.io/address/0x1C95b093d6C236d3EF7c796fE33f9CC6b8606714
Decimals = 0
Symbol = BOMB

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February 08, 2019, 08:59:18 AM
 #23

I have been following this token, and think it is one of the most exciting things to happen to crypto in a long while. The idea of deflation is brilliant. It has a small circulating supply to begin with, and burning more and more each day. I honestly believe this could be a moon coin. What do you guys think?

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February 08, 2019, 09:13:38 AM
 #24

I was at the verification step where I am asked to provide email address, etc. and I noticed that I can't read the privacy policy. Or, is this all that's available?

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I acknowledge that my ETH Address is NOT from an exchange (Coinbase, Binance Bittrex, etc) and I own the private keys to my wallet. Additionally, BOMB is an open-source and community-driven social experiment. Participating in this experiment does not present an offer for ordinary shares of any entity and token holders are not entitled to or promised any form of dividends/financial rewards.





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February 08, 2019, 02:22:19 PM
 #25

,,At this time, all BOMB has been claimed. That being said, there is an active waiting list of people to join that will replace any bad actors we find. Please enter your BOMB ID below to be first in line to claim newly available BOMB. Once done, feel free to visit us at @BombToken for open discussions about tokenomics and crypto awesomeness.''
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February 08, 2019, 09:29:29 PM
 #26

My question about privacy policy, please? The one you show to public upon sign up is only terms of service, there were no details about privacy policy on what we allow of our data for you to use.





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February 08, 2019, 09:44:55 PM
 #27

Like the reverse thinking behind this idea and find it innovative and somehow funny.
Joining this party if am still in time and will add this little gem to my crypto holdings.
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February 14, 2019, 01:11:08 AM
 #28

The concept behind the BOMB token its really interesting about distribution and hyperdeflation
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February 14, 2019, 09:50:25 AM
 #29

Bomb is avaliable on Delta: https://twitter.com/BombToken/status/1095825297432297477

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February 14, 2019, 08:06:23 PM
 #30

Dev is not even active for weeks, his last activity as per my post was 26th of January. Is this project still running? Or maybe any channel where the dev is more active?





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IlVeroNico
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February 14, 2019, 10:20:21 PM
 #31

Dev is not even active for weeks, his last activity as per my post was 26th of January. Is this project still running? Or maybe any channel where the dev is more active?

I saw them often on telegram, but I left the official one (I'm only in the announcement one arm) because there was too much spam, but I think that are still pretty active there

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February 19, 2019, 08:50:30 AM
 #32

This post is out of date. The contract address is old, corresponds to version 1 and now go for version 3. I do not understand why they open this post and then leave it. They seem to concentrate more on selling their tokens than on doing things right.
Lack of seriousness
BombToken
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February 19, 2019, 07:26:24 PM
 #33

This post is out of date. The contract address is old, corresponds to version 1 and now go for version 3. I do not understand why they open this post and then leave it. They seem to concentrate more on selling their tokens than on doing things right.
Lack of seriousness

Just updated the original post, apologies for the delay.

To be transparent, the project took off much faster than expected and we only have so many people to attend to social media. Bitcoin Talk is amazing, but less than 1% of our current audience and community came from here. We had to focus on other outlets.

"Concentrate on selling their tokens"

We haven't sold anything, ever; and have made it clear we will never ask for money.

"Lack of seriousness"

Our active community of 15k people on social and top industry thought leaders of the project would say otherwise. If you can understand the world doesn't revolve around BTT, you may see that. Before being negative, we encourage you to actually follow the project's progress and constant updates we have done on twitter, reddit, and medium

https://medium.com/@zacharydash/bomb-token-v2-token-issuance-and-tokenomics-8b5d07775764
https://medium.com/@zacharydash/v3-the-final-bomb-token-swap-c3deb1c7c752
https://medium.com/@zacharydash/the-bomb-one-month-explosion-4b7d824521fd
Creator of Occupy Wall Street: https://www.micahmwhite.com/activist-edge#bomb
BombToken
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February 19, 2019, 07:28:56 PM
 #34

Dev is not even active for weeks, his last activity as per my post was 26th of January. Is this project still running? Or maybe any channel where the dev is more active?

I saw them often on telegram, but I left the official one (I'm only in the announcement one arm) because there was too much spam, but I think that are still pretty active there

Thanks for your feedback, we have separated out the telegram groups for more in-depth conversations. Would love to have you if you feel you fit into one of these:

https://t.me/bombtoken: General welcome group!
https://t.me/bombtokenomics: Game theory and economic discussion.
https://t.me/bombsupport: Questions about your verification or updates.
https://t.me/bombtokennews: No conversation, just announcements.
https://t.me/bombverify: Verify your ID.
https://t.me/BombTokenPriceChat: Unofficial trading and price chat.
https://t.me/BombToken_Ger: German specific discussions.
BombToken
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February 19, 2019, 07:36:18 PM
 #35

Like the reverse thinking behind this idea and find it innovative and somehow funny.
Joining this party if am still in time and will add this little gem to my crypto holdings.

We are extremely glad to have you, let us know if there is anything we can do to make the experiment better!
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February 19, 2019, 07:40:08 PM
 #36

jambo110
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March 18, 2019, 10:02:24 PM
 #37

Has anyone cracked the code yet ?


#BOMBDROP CHALLENGE



On March 31st at 11:59 PM (CST), 1000 BOMB will either be earned or burned.
Crack the code before the clock strikes zero and keep them for yourself.
The top FIVE people who solve the puzzle before the deadline will be rewarded.

If One Person Solves it, they get all 1000.
If Two People Solve it, they each get 500.
If Three People Solve it, they each get 333.
If Four People Solve it, they each get 250.
If Five People Solve it, they each get 200.

https://bombtoken.com/start-3/




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March 18, 2019, 10:08:29 PM
 #38

op needs updating

Official Listing on DDEX:
https://ddex.io/trade/BOMB-WETH

Official Listing on CoinGeck:
https://www.coingecko.com/en/coins/bomb

 Wink

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March 23, 2019, 03:00:24 AM
 #39

Email Update from The Bomb


We are extremely excited to announce that BOMB has officially been listed on the Ethos universal wallet. With their recent joining of forces with Voyager and reputation as one of the most trusted wallets in the industry; we believe Ethos adds an extra layer of security, legitimacy, and awareness to the project. Here is a quote directly from the Founder (Shingo Lavine) and his thoughts on the announcement.

“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!”

While Bomb is still extremely young, it is encouraging to see so many people in this space supporting our vision and experimentation at such an early stage. In the coming weeks and months, we will be 100% focused on bringing new liquidity, utility, and awareness to the project. Stay updated on social for these announcements!

https://www.ethos.io/universal-wallet/

https://twitter.com/bombtoken

joosep
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May 31, 2019, 09:57:20 AM
 #40

By the way BOMB is already on the CoinMarketCap: https://coinmarketcap.com/currencies/bomb/

And there was a live stream interview talking about BOMB. The discussions ranged from how they came up with the idea and why they chose many tokenomic decisions along the way (supply, burn rate, etc). This is probably one of the most in-depth discussion about BOMB: https://www.youtube.com/watch?v=tkqyN7mgYb4&feature=youtu.be
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June 08, 2019, 12:00:59 AM
 #41

Up 68% today and no doubt just starting to....explode!!
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June 10, 2019, 04:38:19 AM
 #42

Up 68% today and no doubt just starting to....explode!!

It already crossed increase by 100% mark lol. $9/BOMB is quite huge any idea why the sudden surge in the price? Or is it some P&D?

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June 10, 2019, 06:45:15 AM
 #43

please add it on https://eidoo.io/token-submission
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June 10, 2019, 09:13:38 AM
 #44

Bomb Token: Ponzi Scheme or Legitimate Experiment?: https://www.publish0x.com/cryptoscrimper/bomb-token-ponzi-scheme-or-legitimate-experiment-xxwvvn

Check out Publish0x BitcoinTalk ANN here. Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - http://t.me/Publish0x
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June 11, 2019, 04:44:55 AM
 #45

Who is holding the 11.9% and 10.2% of the coin in the wallet? They together control around 22% of the entire coin that's pretty big.

IPVPIRL
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June 11, 2019, 05:42:50 PM
 #46

Who is holding the 11.9% and 10.2% of the coin in the wallet? They together control around 22% of the entire coin that's pretty big.

Of course they hold a large amount. It is even bigger than 22%. This coin is a scam and anyone buying it is burning money. They even state that it has no purpose other than to hold and artificially raise it's price. Makes it no different than a ponzi scheme and it will explode like a bomb, leaving anyone invested in this burnt, once the developers dump their shitcoins.

Why should this coin raise in value? It does anything at all?

This is totally ridiculous project and the creators of this are scammers that are getting rich. All those that bought this garbage don't deserve to hold any money.
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June 11, 2019, 05:49:41 PM
 #47

Who is holding the 11.9% and 10.2% of the coin in the wallet? They together control around 22% of the entire coin that's pretty big.

Of course they hold a large amount. It is even bigger than 22%. This coin is a scam and anyone buying it is burning money. They even state that it has no purpose other than to hold and artificially raise it's price. Makes it no different than a ponzi scheme and it will explode like a bomb, leaving anyone invested in this burnt, once the developers dump their shitcoins.

Why should this coin raise in value? It does anything at all?

This is totally ridiculous project and the creators of this are scammers that are getting rich. All those that bought this garbage don't deserve to hold any money.


It's just the same with the proper one, there are many good cryptocurrencies that DIED. It's still about speculation and sentiment.
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June 12, 2019, 12:41:58 AM
 #48

Big things coming I can feel it
navidd
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June 12, 2019, 12:53:59 AM
 #49

I'm surprised there hasn't been much talk about this project here!!
Great project and no one has joined the ride yet?
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June 12, 2019, 01:09:33 AM
 #50

Nice project, i just got 80% of money, still a little... bomb value in 03 june as 0.0001 btc now is 0.001 increased a lot and i no buyed
alicea
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June 12, 2019, 05:12:34 AM
 #51

Who is holding the 11.9% and 10.2% of the coin in the wallet? They together control around 22% of the entire coin that's pretty big.

Of course they hold a large amount. It is even bigger than 22%. This coin is a scam and anyone buying it is burning money. They even state that it has no purpose other than to hold and artificially raise it's price. Makes it no different than a ponzi scheme and it will explode like a bomb, leaving anyone invested in this burnt, once the developers dump their shitcoins.

Why should this coin raise in value? It does anything at all?

This is totally ridiculous project and the creators of this are scammers that are getting rich. All those that bought this garbage don't deserve to hold any money.

I don't think this token has any use cases the only plus side right now is that the total supply will continue to go lower but I doubt low supply would be enough for the project to success.

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June 12, 2019, 01:06:22 PM
 #52

Who is holding the 11.9% and 10.2% of the coin in the wallet? They together control around 22% of the entire coin that's pretty big.

Of course they hold a large amount. It is even bigger than 22%. This coin is a scam and anyone buying it is burning money. They even state that it has no purpose other than to hold and artificially raise it's price. Makes it no different than a ponzi scheme and it will explode like a bomb, leaving anyone invested in this burnt, once the developers dump their shitcoins.

Why should this coin raise in value? It does anything at all?

This is totally ridiculous project and the creators of this are scammers that are getting rich. All those that bought this garbage don't deserve to hold any money.

I don't think this token has any use cases the only plus side right now is that the total supply will continue to go lower but I doubt low supply would be enough for the project to success.

I’d like to hear your theory on this. We have a Telegram dedicated solely to the Tokenomics of Bomb !
https:/[Suspicious link removed]/B6Mzzq54Ye
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June 12, 2019, 01:08:52 PM
 #53

Big things coming I can feel it.

Great project i believe in your futur++++++
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June 12, 2019, 08:18:09 PM
 #54

Now I think it will go really high since they just got the USD pair. Cry
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June 13, 2019, 08:01:44 AM
 #55

Dammit, I traded my airdrop till I made ~950 bombs and then sold them la ~1.5$  Sad Now I rebought 100 at a much higher price and I'll hold them as long as I can, since I expect some huge pumps in the future as it gets added to more exchanges and supply goes down.
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June 15, 2019, 05:14:57 AM
 #56

Dammit, I traded my airdrop till I made ~950 bombs and then sold them la ~1.5$  Sad Now I rebought 100 at a much higher price and I'll hold them as long as I can, since I expect some huge pumps in the future as it gets added to more exchanges and supply goes down.

When did they held the airdrops for the project? Right now the price is too high to buy IMO unless they introduce some good partnerships for the project.

generous
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June 15, 2019, 06:23:50 AM
 #57

Dammit, I traded my airdrop till I made ~950 bombs and then sold them la ~1.5$  Sad Now I rebought 100 at a much higher price and I'll hold them as long as I can, since I expect some huge pumps in the future as it gets added to more exchanges and supply goes down.

When did they held the airdrops for the project? Right now the price is too high to buy IMO unless they introduce some good partnerships for the project.
I myself also want to ask that because I also don't know about it and hopefully there is someone who can explain everything so we can understand we will see

 
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igorttomic
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June 16, 2019, 08:45:54 AM
 #58

BOMB Token - World’s First Self-Destructing Currency: https://www.publish0x.com/talkcrypto/bomb-token-worlds-first-self-destructing-currency-xkydmd

Check out Publish0x BitcoinTalk ANN here. Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - http://t.me/Publish0x
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June 22, 2019, 07:19:54 AM
 #59

I'm surprised there hasn't been much talk about this project here!!
Great project and no one has joined the ride yet?

Many projects, in coinmarketcap, have a link for announcements to bitcointalk. THe problem is that bomb has not this link, not promoting this channel. If they did here would be much more discussion. IT will be a good way to promote the project. I think the idea is cool so the project deserves attention.
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July 30, 2019, 07:24:12 AM
 #60

BOMBX will launched in sept, I think the XIO Model is very good.
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September 01, 2019, 08:13:05 PM
 #61

BOMB to x25 XIO snapshot completed
https://medium.com/bombx/bomb-xio-snapshot-has-been-completed-at-block-8465561-a0ab98426528
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September 01, 2019, 08:46:56 PM
 #62

I do not see any logical application of this currency
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November 19, 2019, 04:52:31 AM
 #63

I do not see any logical application of this currency

It was a good way to fundraise some money (team took 10%, undoubtedly sold some when it reached 0.05 ETH/per) and set up: https://xio.network/ Nicely done now to perpetual income as long as new tokens thrive.

Today (perhaps as always?) iniquity reigns; righteousness fades.
Trying to maintain a healthy dose of skepticism; even onto my own beliefs. Trying to better my ways.
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November 19, 2019, 03:26:55 PM
 #64

I do not see any logical application of this currency

It was a good way to fundraise some money (team took 10%, undoubtedly sold some when it reached 0.05 ETH/per) and set up: https://xio.network/ Nicely done now to perpetual income as long as new tokens thrive.

Another problem is that the people do not learn their lesson falling to the trap of scammers again and again. Though sometimes is it not easy to see the true intentions of the project but you can always check its foundation. If it is written all over empty, then don't expect that it survive long. You need to get out as fast as you can if you noticed the impending situation. Empty foundation doesn't lead to success at any cost.

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November 19, 2019, 04:08:29 PM
 #65

@tippytoes not necessarily a scam - perhaps one can argue unethical. Though there is a demand for 'new projects' for new money people now have. At the same time there are whales that may see it as a useful pump/dump coin to defraud people (and this would be the crucial element if one argues it's a scam - but again people know this happens which is why they participate in trading).

Today (perhaps as always?) iniquity reigns; righteousness fades.
Trying to maintain a healthy dose of skepticism; even onto my own beliefs. Trying to better my ways.
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