the bomb - World’s First Self-Destructing Currency

[pompatore]

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.

[joniboini]

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/