Bomb Token
Special Projects

Bomb Token

Date:2019-02-21
Creator(s):Zachary Dash
Supply:1,000,000 BOMB (Initial Minted Supply)

Description

BOMB is a pioneering social experiment and financial case study designed to measure the feasibility and effects of a hyperdeflationary currency. It launched as the world's first self-destructing token on the Ethereum blockchain with a simple, immutable set of rules codified in its smart contract. The core mechanics are: 1. A fixed initial supply of 1,000,000 BOMB was minted. 2. Each time BOMB is transferred, 1% of the transaction amount is destroyed. 3. No new BOMB tokens can ever be created. This system creates a continuous deflationary pressure, where the total supply of the token is perpetually decreasing with every on-chain movement. The token was intentionally designed with zero decimal places, meaning it is indivisible. Any transaction that would result in a fractional amount causes the entire fractional portion to be destroyed, accelerating the burn rate. For example, if 100 BOMB are sent, 1 is destroyed and 99 arrive; if 50 BOMB are sent, 0.5 would be the burn, but since it's a fraction, the contract destroys the entire token. The project's intention was not to create a transactional currency for daily use, but rather a decentralized store of value and an activist tool. By creating an autonomous asset with "irrevocable economic laws" that directly contradict traditional inflationary fiat systems, BOMB was framed as an assertion of financial sovereignty. It addresses the "token velocity" problem common in other crypto projects, where high circulation can suppress value, by strongly disincentivizing frequent transfers and rewarding long-term holding.