BOOM - First Self-Burning Cryptocurrency Based on Smart Contract

[pinko5]

Lot of debate is going on about BOOM and other deflationary coins value. Its true that right now these deflationary coins have no value because there is no real world use case associated with these coins. If they can introduce some use cases with coin then there is fair chance that these coins can go up.

boom is already listed on bitmart exchange and it has a value around 0.0000000541 btc or 0.00174USD .

booms use case is both for paying and investing , both because you need to use it for paying first for its ability to trigger ( the self burn ) and once it triggers its value can increase .

the more paying transaction you do the more the token increases and if its value rises thats the time we can hold it for investment cases but boom is also an experimental token , if this token suceeds or if it has some failure they can re-create and improve this again

That's a great explanation, I appreciate that. The self burning of BOOM has already burned a lot of BOOM tokens and if this continuous soon we have scarcity of BOOM tokens. You are right if BOOM is able to generate good business then team come up with new version.

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[janak3]

Deflationary coins launched right now will cease to exists roughly by 2035 to 2040. Buying right now and HODLing for long term is best option in my opinion. Even if value goes down in future margin of loss is very low. DYOR before making any decision. 

[ddal3]

Deflationary coins are good for long term investment, like if you have a cash that you don't require for next 4 to 5 years better to invest few of that in deflationary coins. There is a bright chance that these coins will perform good as there supply will depreciate with time.

[Bigerio]

There is much debate going on about new coins like defi, deflationary etc. ASAIK, every new coin has to answer tough questions asked by crypto community and only that coin survives that answers all questins of the community. Time is ticking for all new coins.

[langoot]

Lot of debate is going on about BOOM and other deflationary coins value. Its true that right now these deflationary coins have no value because there is no real world use case associated with these coins. If they can introduce some use cases with coin then there is fair chance that these coins can go up.

boom is already listed on bitmart exchange and it has a value around 0.0000000541 btc or 0.00174USD .

booms use case is both for paying and investing , both because you need to use it for paying first for its ability to trigger ( the self burn ) and once it triggers its value can increase .

the more paying transaction you do the more the token increases and if its value rises thats the time we can hold it for investment cases but boom is also an experimental token , if this token suceeds or if it has some failure they can re-create and improve this again

and I think its the right time to invest in BOOM as price is very very low and as you pointed its already on so many exchanges including bitmart. The irony of crypto market is that we call a token scam when its price is low and start buying it when price goes up.

[UpBots]

BOOM is following the burn token approach to lessen the supply of coins in circulation and that's the only use case which I see apart from payment system. In current bull run many sleeping coins are also getting huge push, may be there is a day for BOOM also.

[KngrKhna]

deflationary token like boom are very hard to understand. you really have to spend hours first in getting the point of there creations and then you can do research of whether to invest in it or not. i am 50/50 about buying them.

[floodsitu]

BOOM is still sleeping and price is still very very down. The way sleeping coins are going up everyday, who knows BOOM may also go up one day. DYOR before doing any such move.

[langoot]

One last thing to say is that the way crypto market is taking turns there might be soon a day for deflationary coins. There is no projected price for BOOM so far but who knows it may go and touch 1$.

[jimjam1]

I am not impressed with performance of this coin on CMC. So far there isn't much activity going on in BOOM. Can some expert shed light on why not many are trading or HODLing this coin?

[ChinkoCharlie]

Elon musk is after doge and everyone is buying doge for no reason other then the fact that Elon say it's going to 1$. Those who buy Boom should ask Jack Ma to advice people to buy Boom. That's one way Boom can go up.

[KngrKhna]

i have few BOOM in wallet but surprisingly this coin is not participating in current bull run. I wonder if it didnt run now how it will behave in upcoming bearish trend. Fingers crossed.

[SerbSerc]

The main reason why BOOM is not going up is because investors are investing in coins that are launched 3 to 4 years back and are mature now. BOOM being new in the market is facing pressure but surely will overcome this pressure.

Every coin has its day. If BOOM is not going up right now this does not means that it wont up in future too. Just buy this and HODL, BOOM is yet to take its first massive jump, buy it before it takes that.

[nesfe]

Seeing the debate going on about BOOM and other deflationary coins one thing is evident that people are taking interest in this sector and sooner or later we will see price hike in BOOM.

[Bigerio]

Seeing the debate going on about BOOM and other deflationary coins one thing is evident that people are taking interest in this sector and sooner or later we will see price hike in BOOM.

You need to be careful while giving such statement and must share strong proof of this fact that BOOM price will be going up in near future. Only discussion cant be a factor of price hike.

[UpBots]

Alt coins have also gone up because of btc bull run. Not many are left behind at investors rate. If you are planning to buy something for next coming BULL run then invest in BOOM, you will thank me later.

[nesfe]

If you looking for quick return then BOOM is not for you. Its time to buy BOOM and forget until BOOM gives you its own call to sell it. Cant wait for a while then don't jump into this business.

[Bigerio]

Seeing the current bullish run where many sleeping alt coins are awaking every day, you never know what will be the day of your coin. Just HODL, dont sell at loss.

[graygelato]

BOOM supply will continue to go down with time before it cease to exists. Can someone tell me with current pace ho much more time we have before supply goes to zero?

[langoot]

BOOM supply will continue to go down with time before it cease to exists. Can someone tell me with current pace ho much more time we have before supply goes to zero?

It will take at-least 40 to 50 years to completely eliminate any deflationary token from circulation. So if you are buying with intention of long term investment then go ahead, there isn't much risk involved in buying it.