Review on BOOM by Jose Palma
BOOM, Self-burning token that guarantees deflation to enhance the increase of its value and is of good utility to perform decentralized transactions and trading.
BOOM, is a project which has developed a token that destroys its liquidity, thus creating a reduction of tokens by burning them, thereby producing an increase in the value of the token in the market, with the reduction of the amount of tokens. BOOM, is a digital asset based on decentralization, which will not issue new tokens, this works as a research token, which will generate results on the trading behavior of digital assets in the market. The BOOM token, fulfills the good utility as a deflationary and auto-burning token, being a token that burns a percentage of its asset in each transaction made by users holding BOOM coins, increasing its value by reducing the amount of tokens issued, likewise it is a digital asset developed in the Ethereum network, it is of broad security, has good trading from different cryptocurrency exchange platforms, has fast transactions and has good support in various wallets based on the Ethereum network.
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Pros
- BOOM, guarantees the increase of its value over time, since it is a deflationary currency and it burns a certain percentage, in each transaction made by users.
- It guarantees a good adoption of investments with its native BOOM token.
- It has achieved solid partnerships with companies that help the development of the project and lend their support.
- It is a token that facilitates decentralized trading from various popular decentralized trading platforms.
Cons
- It has not created new advertising strategies for users to join the ecosystem.
- It has no reward system based on its BOOM token.
