BOOM - First Self-Burning Cryptocurrency Based on Smart Contract

[ChpCms]

BOOM is there around for few years but its price is continuously going down despite the fact that its on so many exchanges and active project campaign. The only thing that is left is decrease in coin supply. We have to wait to see that.

but today i saw Boom price increase more than 400% mate,,
seems something big coming to boom now

https://i.imgur.com/eE8x9Iw.png

Wow, thats amazing. Its ATH for BOOM and another opportunity missed. Thanks to members of this platform who keep on going us there shitty knowledge that such coin can't go up.

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[ddal3]

BOOM is now booming and those who bought it at right time are now having party. Every coin has a day and BOOM confirm this theory. Its up by 400% and it proves the fact that it has way more to go.

[langoot]

BOOM is there around for few years but its price is continuously going down despite the fact that its on so many exchanges and active project campaign. The only thing that is left is decrease in coin supply. We have to wait to see that.

but today i saw Boom price increase more than 400% mate,,
seems something big coming to boom now

https://i.imgur.com/eE8x9Iw.png

Ah you mean we missed another opportunity. Is it still worthy to buy BOOM at this price or its a gone opportunity?
In current volatility its not clear what to buy and what not to buy.

[ddal3]

BOOM is there around for few years but its price is continuously going down despite the fact that its on so many exchanges and active project campaign. The only thing that is left is decrease in coin supply. We have to wait to see that.

but today i saw Boom price increase more than 400% mate,,
seems something big coming to boom now

https://i.imgur.com/eE8x9Iw.png

Ah you mean we missed another opportunity. Is it still worthy to buy BOOM at this price or its a gone opportunity?
In current volatility its not clear what to buy and what not to buy.

You can buy any legitimate token that is available at discounted rate. DYOR and don't follow advice of other. If you keep on following other people advice then you will keep on losing such opportunities.

[Palrel]

Deflationary tokens are good but you need to be careful while playing with them. BOOM has gone up by 400% in one day and it might remain bearish for many days to come. You need to be wise in order to carefully chose the time for investment.

[langoot]

Deflationary tokens are good but you need to be careful while playing with them. BOOM has gone up by 400% in one day and it might remain bearish for many days to come. You need to be wise in order to carefully chose the time for investment.

But this is clear indication of the fact that its not a shit coin rather a sleeping coin. When it woke, it roar hard. Wait for BOOM to come to its previous price and buy for long term HODL.

[hari9981]

BOOM is a new type of utility token with a self-destructing mechanism, based on Ethereum smart contract. They’re now listed as the project with the highest market value among all deflationary tokens on etherscan https://etherscan.io/tokens/label/deflationary-token

BOOM project is a social experiment, aiming at exploring the market influence of an extremely deflationary cryptocurrency, and it will validate the effect of BOOM token as a hedge against the rapid inflation in token ecosystem.

The origin of BOOM is simple, once users transfer BOOM to others, 1% of the total transfer amount is automatically destroyed at the same time. The initial total supply of BOOM is 1 billion. The supply will decrease due to transactions, and no new BOOM will be issued then.

The destruction of BOOM token will run automatically on chain, written in Ethereum smart contract. No one can interfere.

If the transaction is local on the exchange, isnt it will not trigger any burn function on the smart cointract?
I dont think this kind of burn mechanism can work...

[XinZang]

If the transaction is local on the exchange, isnt it will not trigger any burn function on the smart cointract?
I dont think this kind of burn mechanism can work...

Thats really a nice observation and we must wait and see for the answer. I dont think if there is an internal transfer on exchnage of BOOM then it can have any impact on smart contract. But again, there dev team can answer that well.

[Palrel]

If the transaction is local on the exchange, isnt it will not trigger any burn function on the smart cointract?
I dont think this kind of burn mechanism can work...

Thats really a nice observation and we must wait and see for the answer. I dont think if there is an internal transfer on exchnage of BOOM then it can have any impact on smart contract. But again, there dev team can answer that well.

Deflationary there will be mechanism to burn tokens with every transaction on enlisted exchange. Majority of transactions are on exchanges, so it will be useless if they don't have any mechanism for exchanges.

[speedforce]

so this means there will be a day when all BOOM tokens will be burned and there will be no more BOOM. We have to consume all BOOM tokens prior to that date. Its like pass a pillow game, you need to throw pillow to someone other before the music stops. Let me know if I got it correct.

No its not, its only burn 1% on percentage. I dont think this would impact much to the price, its just like 1% transaction fee that goes to burning address.
Also, how the market deciding the price if all of the people hold the tokens.

[Palrel]

so this means there will be a day when all BOOM tokens will be burned and there will be no more BOOM. We have to consume all BOOM tokens prior to that date. Its like pass a pillow game, you need to throw pillow to someone other before the music stops. Let me know if I got it correct.

No its not, its only burn 1% on percentage. I dont think this would impact much to the price, its just like 1% transaction fee that goes to burning address.
Also, how the market deciding the price if all of the people hold the tokens.

AFAIK, every transaction will also burn some of BOOM token and thats the only way to introduce deflation i.e. decrease in supply of BOOM tokens. As token supply will go down, we will see increase in price of tokens.

[SerbSerc]

Seems like Boom is again going in sleep mode after having a fantastic bullish season. I will wait for more dip and buy this for long time HODL. It has gone up by 400% this time, who knows 1000% times next time.

[janak3]

Its not that easy to invest and earn from crypto and BOOM proved that thing. You need to be vigilant to see which coin is going up and which is going down. Those who picked right time for investing in BOOM are the ultimate winners.

[Tessnik]

Boom is not the only meme coin that has a self burning mechanism I came across 100x coins recently and I was amazed to see how the coin Auto burn mechanism also, any time a transaction is made a percentage will be a burn from that transaction and this is a good way to keep the supply reduction and price increase because of scarcity in the long run.

[Kellygucci]

Boom is not the only meme coin that has a self burning mechanism I came across 100x coins recently and I was amazed to see how the coin Auto burn mechanism also, any time a transaction is made a percentage will be a burn from that transaction and this is a good way to keep the supply reduction and price increase because of scarcity in the long run.

Yes there are tons of such coins but main point is that BOOM is standing out since its giving huge return to its investors already. Recent bull run is over and we may see new bull run in near future. I will buy BOOM as soon as it reaches its previous price for long term hodling.

[KngrKhna]

Boom is already on too many exchanges and if it can hit some top exchnage like binance/bitrex then its price will go up as supply will go down. Just buy this and hold. Its a sleeping coin.

[Anonymous193]

Bitcoin is still standing firmly above 30k$. Who knows BTC may have another bullish run and alt coins like BOOM may have another bullish run once again.

[KngrKhna]

These coins start with huge supply and it takes quite a while before supply goes to a certain level that price start going up. You need to have patience if you want to see there moonshot, they want be going up too quickly.

[nesfe]

It went up to 400% in one single day. Wake me up when this happens next time. Such coins goes up only once and never again. Be aware of them.

[CoinLover79]

BOOM has no doubt proved the fact that its a good coin and can be used to HODL for long term investment. Burning of token will decrease supply and will increase price. If they incorporate a good use case with this coin then price will go up.