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Author Topic: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract  (Read 3700 times)
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September 05, 2021, 07:06:49 PM
 #221

BOOM is intriguing in that it is simple to comprehend and focuses on a single goal: to reduce the number of coins over time. It's on too many exchanges, some of which are well-known, and I'm confident that this coin will see its day.
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September 08, 2021, 05:32:02 PM
 #222

BOOM is intriguing in that it is simple to comprehend and focuses on a single goal: to reduce the number of coins over time. It's on too many exchanges, some of which are well-known, and I'm confident that this coin will see its day.

Just like Apple is focusing on its single mobile phone product aka iphone, likewise BOOM has only one feature that is to reduce supply of coins over time. Once they establish there product on good exchanges, they will see the moon as soon as supply started to decline considerably.
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September 09, 2021, 04:39:10 PM
 #223

If you see price of BOOM its way more good then many other deflationary tokens. There are two positive spikes recently that has taken MASS to moon. If you are not looking for long term investment then MASS is good fr short term also.
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September 10, 2021, 05:48:42 PM
 #224

We are seeing again a dip and chances are that majority of alt coins will take a dip along with BTC. Its good to see whats safe price to buy BOOM and keep it in your portfolio.
DYOR if you really wanna do this. My analysis is based only on recent price variation of BOOM.

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September 11, 2021, 04:53:38 PM
 #225

Deflationary coins start with huge supply of coins and it will take lot of time to decrease there supply to level where they demand will surpass the supply.
But why there price will increase? There must be some strong reason for this. Not because they are lesser in number will increase there price. The team behind deflationary will have to think about it.

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September 11, 2021, 05:03:55 PM
 #226

We are seeing again a dip and chances are that majority of alt coins will take a dip along with BTC. Its good to see whats safe price to buy BOOM and keep it in your portfolio.
DYOR if you really wanna do this. My analysis is based only on recent price variation of BOOM.
And now the average Altcoin has started to increase again in a few percent where it happens simultaneously with the increase in BTC as well, but whether the next decline will also occur again in the market later, I also don't know, because many predictions are now wrong from what what some people say.

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September 12, 2021, 05:58:49 PM
 #227

We are seeing again a dip and chances are that majority of alt coins will take a dip along with BTC. Its good to see whats safe price to buy BOOM and keep it in your portfolio.
DYOR if you really wanna do this. My analysis is based only on recent price variation of BOOM.
And now the average Altcoin has started to increase again in a few percent where it happens simultaneously with the increase in BTC as well, but whether the next decline will also occur again in the market later, I also don't know, because many predictions are now wrong from what what some people say.

There are alt coins like Eth, LTC etc that are directly linked with BTC price volatility. When BTC goes up they also go up and down accordingly. But if see sleeping coins like BOOM, they have there spike once in a while during BTC bull run. Its wise to keep them in your list and more wisely buy them at right price.   

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September 14, 2021, 05:23:04 PM
 #228

BOOM price is stable after its recent bull run. I guess its now a bit late to buy BOOM now, prime time to buy this coin has gone. You need to extra careful and vigilant to buy a coin.
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September 15, 2021, 05:51:09 PM
 #229

BOOM price is stable after its recent bull run. I guess its now a bit late to buy BOOM now, prime time to buy this coin has gone. You need to extra careful and vigilant to buy a coin.

I dont think there is much risk in buying BOOM right now. See the price chart and volume. Though volume is low these days we expect more volume and capital coming in near future. seeing its behaviour, its expected that we will see few more spikes.
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September 16, 2021, 05:45:30 PM
 #230

Boom team should start effort to list this coin on some reputable exchnage like Binance or Bitrex. Since such moves can clearly increase its value and more when we see decline in supply.
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September 18, 2021, 06:13:17 AM
 #231

BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.
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September 19, 2021, 05:59:55 PM
 #232

BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.

Even if this coin is booming we need to remain well aware of such coins. As they can go down at any time and whole investment can go down instantly. So investment should be done with huge care.
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September 20, 2021, 04:37:10 PM
 #233

BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.

Although there is no hard and fast rule that says that since deflationary coin has performed good in the past, it will continue to do same in future. Many coins came up because of artificial pumping and are dumped soon after that. We need to be very careful about such coins, exit when you got profit is best strategy for such coins. Dont sit in for long.

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September 21, 2021, 05:48:32 PM
 #234

BOOM is booming and its evident from its price chart of last 6 months. In crypto there is nothing predictable, if a coin has good dev team and its having decent volume then it can see moon shot very often.

Although there is no hard and fast rule that says that since deflationary coin has performed good in the past, it will continue to do same in future. Many coins came up because of artificial pumping and are dumped soon after that. We need to be very careful about such coins, exit when you got profit is best strategy for such coins. Dont sit in for long.

No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.
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September 22, 2021, 05:36:06 PM
 #235



~~~

No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.

If you see price of BOOM its continuously going down since it bull run in which BOOM went up 400% in one single day. It may go up again but not very soon. So anyone buying it now must keep this in mind that he has to HODL that for long time.
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September 23, 2021, 05:20:17 AM
 #236



~~~

No pain, no gain. If you wanna play safe then crypto is not for you. right time to invest in any coin is when its in its initial stages and not much is known about the project. You have to dig deep at that moment, once its listed on exchnage then its price is rocketed.

If you see price of BOOM its continuously going down since it bull run in which BOOM went up 400% in one single day. It may go up again but not very soon. So anyone buying it now must keep this in mind that he has to HODL that for long time.

As I said if you wanna play safe then crypto is not for you. In crypto there is nothing certain you have to take risk to get huge profits. Price of BOOM is too low and not much risk is involved right now. So this is the time to buy it. If you wait you will miss the opportunity.
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September 26, 2021, 04:45:56 PM
 #237

BOOM price has gone up considerably but it looks like its not able to capitalize on it. The price is continuously going down after the two spikes seen in recent months. BTC is going up again, hopes are that BOOM may also go up.
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September 27, 2021, 04:38:00 PM
 #238

We are heading towards another bull run and chances are that BTC may go up again. Price of coins like BOOM are only linked with BTC since they dont have any use case. Chances are that we may see another bull run from coins like BOOM.
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September 28, 2021, 05:36:06 PM
 #239

If you think deflationary coins can only go up by burning the coin then you are at mistake. That's new idea and to be successful they need to add some kind of real world usage also. Like deflationary coin must solve some problem. Then there is chance that they may go up.
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September 29, 2021, 07:53:14 PM
 #240


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.

When taking insight into bitcoin and litecoin supply halving history, you can find that destroying the liquidity can cause positive market expectations, and may cause a value increase. Now Boom provides a whole new supply curve, which is much more radical. It is a direct reduction in supply of token.

As users increase and BOOM circulation speeds up, destruction of BOOM will also accelerate. Once a user buys BOOM, he/she can only sell 99% to others, so the ‘Price Increase’ Expectation will be there naturally. That situation makes users prefer to hodl, if the pump is not big enough.

Boom website: https://www.boomtoken.io/

Coinmarketcap Statistics: https://coinmarketcap.com/currencies/boom/

Trade at Bitmart: https://www.bitmart.com/trade/en?symbol=BOOM_BTC




Reduced supply always leads to more price increases, that's the main idea of Burning tokens. Also, most projects have a different form of token burning, wherein the purchase of their product leads to token burning, in the long run reducing the supply, in the case of others, the team will set a time to buy back and burn their tokens. However, my humble opinion is, the team should put more effort into adding value to their product so, token burning will lead to more price hikes.
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