Review on Tokens of Babel by Orlymar Córdova
Inspired by the biblical story, Tokens of Babel (TOB) seeks to recover the freedom, reliability and security of cryptocurrencies
Tokens of Babel (TOB) is a project created by programmer Bill Drummond. Basically its purpose is to return to the initial roots of cryptocurrencies, guaranteeing a truly decentralized system that dismantles the traditional financial model.
Developed on the Ethereum network, Tokens of Babel is a gamified token that has a unique rebilling system which burns tokens each time new historical maximum values are reached. Its developers have designed a price oracle to trigger such exceedances every 12.
As its name implies, this is a cryptocurrency created under the inspiration of biblical history, in fact in its initial supply 4,012,101, the cryptocurrency has considered the religious roots namely: 40 days, 12 disciples, 10 commandments and 1 Yahv .
Currently the TOB tokens occupies position 3886 on CoinMarketCap and its price is 0.140232 USD.
Pros
- Thanks to its rebasing mechanism, the value of the chips does not decrease over time.
- Its operating system makes it a truly decentralized option
- Thanks to the fact that the supply of tokens is reduced every 12 hours, the platform seeks to influence the price of its TOB tokens
- Since it was developed as an erc-20 token on the ethereum network, it can have compatibility and integration with thousands of other tokens created under that architecture
- The platform will directly reward its users depending on their participation in the system giving them rewards in TOB
Cons
- The TOB token shows no signs of any major movement on the exchanges it is listed on, according to data gleaned from coinmarketcap.
- The cryptocurrency is very little known and does not have much support on social networks.
