Review on BOMB by LUIS RIVERO R
Deflationary token, each transaction decreases supply.
Deflationary token, the purpose of this asset is that each transaction made will reduce the total supply, that is, each time a user sends a certain amount to another, 1% of the total sent will be deducted, this in turn reduces the supply and increases its value . This is not a cryptocurrency for payments, but rather as an asset for safeguarding capital and investment since its price will increase according to the transactions carried out on the network.
This is one of the most successful deflationary currency projects, but this one has been largely marked by the fact that no one exercises control of this project depends entirely on the community.
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Pros
- Cryptocurrency in constant deflation.
- Good asset to buy and hold for a while since theoretically its price should go up.
- No community managed project development team.
- This project is not controlled by a person or group, it really respects decentralization
Cons
- No roadmap or information on their progress.
- Extremely small community
- It is still listed in few exchanges
