Trust everyone is doing great in this great and wonderful crypto community? As my tradition, am here again to share amazing crypto project here that I think worth checking out. A new disruptive innovation has been trending in the cryptosphere for more than a month now. This disruptive trend is been lead by Bomb token which was created on Ethereum blockchain but in this my article, I will be sharing about VOID which was developed on Tron protocol with more better innovation and possibilities. Let's ride on.
Tron
We all known that Tron blockchain protocol is far better than Ethereum which pioneered the era blockchain 2.0. As a platform that supports smart contracts and the creation of decentralized applications which has proven to be more innovative and more efficient than Ethereum protocol. The CEO of Tron platform Justin Sun is an household name already in the industry and he has proven its worth in the industry. This is visible in the fast development and the success of the platform with a huge community backing. As it stands now, Tron platform is one the most used platform for dapp creation with TRC-20 as the native token for DApps built on the platform.
Since am done giving short explanation about Tron platform that Void used, now I need to get back to deflationary token and I will start it by using Bomb to give basic explanation about what they mean.
Bomb
The concept of deflationary token pioneered by Bomb is amazing, this concept just came into market at the time many of us don't expect such innovation. As I said before, Bomb is deflationary token, a self-destructive token which usually whenever there is inter wallet transfer based on the coded burning percentage. Bomb was the first deflationary token and it came into existence in February this year if am not mistaken. The concept is very amazing and it's another proof that there won't be innovation drought in blockchain industry. Since the creation of Bomb, it has managed to have more 13.5 million dollars market capitalization. The success of Bomb has motivated many developers to come out better deflationary token platform and Void is leading them all with deflationary concepts on Tron blockchain with real use cases by dapps.
Shortcomings Of Bomb
Limited Usecases: There is no tangible use cases for the token which makes many to be skeptical about its long term relevance. The token is only being used for speculative trading with no real life usecases and with my experience in the industry, such platform won't last the test of time.
Slow Transaction Confirmation: The transaction being on the ethereum network is slow and expensive therefore adopting it in third world countries would lead to a down spike and also its use is mainly limited to elites. We are in a world where everything goes with speed and is delivered in a short period of time, therefore an app being slow in this generation is a draw back.
Non Support For Decimal Transactions: Bomb token which pioneered the concept of deflationary token does not support decimals and the reason for this is because it always destroy 1% of the token used after any transaction. This will surely slow down the grow of the platform because any transactions will need 2 of the token and this will make the receiver to only receive half of the worth sent.
VOID: A Better Concept Of Deflationary Token Built On Tron Blockchain
Void is the world's first self-deflationary currency built on the Tron Network. It has a 3% burn rate, no minimum burn and a starting supply of 10M. For every Void transaction made 3% of its value is sent into the void forever, thus reducing supply and increasing demand.
Features Of Void
Built on the Tron Network.
Supply starting at 10M and reducing daily.
3% burn rate on every transfer or transaction.
No minimum burn.
Will continue to burn 3% of all transactions until no VOID remains.
As for now, you can also stake your Void for 14 days period in other to receive more of it. More information about this can be gotten on the official website or Telegram group of the project which I will add at the tail end of this article.
Where To Trade VOID
Void is currently trading on two decentralized exchanges which you can check out below:
https://tronwatch.market/trade/TXUoEg9Xkuy2cqZ4QJ6NYPqmpuwBdiMHpq-TRX
http://tron.ddex.io/trade/VOID-WTRX
Useful Links
Website: https://voidtoken.io/
Whitepaper: https://voidtoken.io/images/2019/06/Void-Token-Whitepaper-June-2019.pdf
Twitter: https://twitter.com/TronVoid
Telegram: https://t.me/voidtoken
Contract: https://tronscan.org/#/contract/TXUoEg9Xkuy2cqZ4QJ6NYPqmpuwBdiMHpq/code
Discord: https://discord.gg/mhUVF2X
Author Discord Username: Petcz#7959
Tron Wallet Address:TQcWrNkG4MphqP2ZYUzaLyZW3ZH6otdgj2