SMASH Token (SMASH): World’s First Deflationary Token with Use-case.
Inflation is a favorite antagonist in the cryptocurrency community. Most investors are probably familiar with the graphs showing how much value the U.S. dollar has lost since 1933, when the Federal Reserve left the gold standard. For hard-money advocates, the deflationary properties of gold or cryptocurrencies form a built-in guarantee of long-term value. Bitcoin’s supply is algorithmatically limited to 21 million tokens, but it still experiences inflation as the token supply grows.
For most cryptocurrencies, inflation is barely noticeable against the backdrop of everyday price volatility, but it is very commonplace – blockchain networks need to generate new tokens to reward mining or staking nodes. But any currency will lose value if supply exceeds demand. As such, many cryptocurrencies combat inflation by destroying tokens. Ripple’s XRP burns a small number of tokens with every transaction, and some, like Binance Coin, intentionally burn tokens to raise prices.
Some new tokens take coin burning to an extreme, and cause their token supply to shrink over time. This following tokens are known as Deflationary Tokens. What is Deflationary Token? Let’s take a look at this explanation. Traditional cryptocurrencies tend to have a large circulating supply which makes it difficult for the price to increase as the market cap would be unrealistically high.
Deflationary cryptocurrencies, on the other hand, usually have a much lower initial supply and a percentage of tokens is burned with every transaction. The theory is that less supply will lead to higher demand. It’s quite a new concept but it’s already proving to be successful. Just take a look at the following graph for Bomb Token (the first deflationary token with an initial supply of 1,000,000 tokens and a 1% burn rate) which went from $0.33 to over $13 after 4 months.
WHAT CAN SMASH TOKENS DO?
The SMASH token gives you exclusive access to premium app subscription services. When you buy a SMASH token, you provide support to the platform, which, in turn, empowers the entire global network of people whose conditions are very alarming. For more information about services & activities for SMASH token users, please visit the Token Smash Website: https://smashtoken.xyz/
SMASH TOKEN is an original unit of a blockchain network such as Bitcoin. This is a commensurate asset that represents work done in the past in return for utilities; in the case of Bitcoin, the utility secures the network through Proof of Work. Alt (alternative) and also represent various forms of utility (dns name, storage, computing).
The latest version of Deflationary Token is out. It is called The SMASH Token. Let’s now find out a bit more about The SMASH Token, a deflationary cryptocurrency with an initial supply of 1,000,000 and a 2% burn rate. Early days for this startup, but if it works could change the trading economics of Cryptocurrencies forever. Simply explained SMASH Token is a self-annihilating digital asset. With each transaction of SMASH, 2% get BURNED!
SMASH Token mission is to become world’s first Deflationary Token with a real life use case. As well as to introduce a deflationary digital asset that will serve as a store of value, due to scarcity as the total supply will fall with each and every transaction. Regarding to the key objective, unlike any other Deflationary Token, SMASH Token has real applications: creators call it “A deflationary Cryptocurrency for Charity.” They are planning to create a Social Platform that will allow for interaction between caregivers and supporters, all powered by the SMASH Token. The platform will serve as the hope for the poor and needy all over the world in order to SMASH poverty and lack out of This world.
Moreover, SMASH’s core algorithm is designed to ensure that for every transaction, 2% of the amount transacted is burned. This self-annihilating process will improve the scarcity of SMASH. SMASH is fully transparent and interoperable with the Ethereum blockchain. You can view all the data on Etherscan.
SMASH TOKEN DETAILS.
SMASH is one of the first deflation crypto currencies. SMASH is a deflationary crypto currency with a difference. The initial supply is 1,000,000 SMASH and with a deflation rate of 2% for each transaction. We have found effective use cases. Cryptocurrency deflation for charity. We will serve as hope for the poor and needy throughout the world and create a decentralized economy which together will reduce poverty and deprivation of this world.
The donation feature on the website will allow people to directly contribute to the development of tokens.Handling Our Community.
RECIPIENT DETAILS
ACCURATE INFORMATION
AUTHOR
Bitcointalk id name: yongki39
Profile link: https://bitcointalk.org/index.php?action=profile;u=2603810
Wallet address (eth): 0xC693Bf8985D807E4dAB4CDF0F179aA589fFCF0d9
Bitcointalk id name: yongki39
Profile link: https://bitcointalk.org/index.php?action=profile;u=2603810
Wallet address (eth): 0xC693Bf8985D807E4dAB4CDF0F179aA589fFCF0d9
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