Since the advent of blockchain with bitcoin being the prototype of the blockchain/crypto-currency revolution, lots of bitcoin forks have been created, having similar functions to bitcoin but tweaked to suit different use-cases like financial inclusiveness for the unbanked, native currencies for decentralized Application(dApps) platforms, asset backed tokens and stable coins, blockchain network for infrastructures, Big data management system, smart contracts, Artificial Intelligence and many other purposes. Crypto-currencies serve various purposes and we have myriads of them created daily. Crypto-currency has seen wider acceptance as a means of exchange of goods and services and a store of value for investors, they are used for daily transactions by some businesses and financial institutions worldwide. But there have been some stumbling blocks that has deterred its approval and adoption by government agencies, the industry is still very young and growing and a lot of experiments are being carried out to make it scale for global acceptance.
Just as bitcoin was a revolutionary financial and social experiment, the brainchild of the anonymous Satoshi Nakamoto, a new experimental crypto-currency called Bomb token was created on the ethereum network to tackle the problems inherent in fixed supply coins, inflation coins and deflationary coins with keen interest to their roles in crypto-currency volatility and general market stability. deflationary tokens have an economic edge over generic tokens in the sense that it reduces supply of tokens which also increases demand due to scarcity unlike some generic tokens with billions of its tokens in circulation and continuous minting or mining of it making it’s supply to be inflated and this affects the price of such tokens, investors of such tokens are negatively affected by such token-economics. Deflationary tokens are a new rave of financial experiment in the crypto-currency ecosystem, but every experiment has its flaws and it serves as stepping stone for subsequent experiments to utilize the pros of its success, and improve on the cons of its failures.One of the improvements made on the experimentation of deflationary token mechanism is VOID Token which possesses more advanced features to scale for a better usecase, VOID is a TRC-20 protocol token minted on the Tron blockchain infrastructure.
image credit: Tis Me#7406(Discord)
VOID Token is a TRC-20 protocol deflationary token with key utilities in peer to peer transactions, obscurity and store of value. It has a limited total supply of 10million tokens with a deflationary rate of 3% burnt out of circulation from every transaction made thereby making it’s circulating supply reduce over time and no new tokens can be mined or minted. Void Token is the first deflationary currency on the Tron(TRX) network to implement dApp and staking as one of its many use-cases.
One of the benefits of VOID is to increase its monetary value by creating scarcity through it’s deflationary mechanism if burning tokens out of circulation, thereby creating more demand as supply dwindles. A unique feature that makes this deflationary token stand out among its peers is that token staking features planned to be implemented to enhance its ecosystem, as this would see more of these tokens locked out of circulation because users would want to yield more dividend from staking their tokens over a specified period of time. symbiotically, this would bring more value into the Tron ecosystem and will also serve as a utility token to many dApps on the Tron network.
-Links-
Website: https://voidtoken.io/
Discord: https://discord.gg/ZR5pagt
Twitter: https://twitter.com/TronVoid
Community TG: https://t.me/voidtoken
Announcement TG: https://t.me/voidannouncements
Contract: https://tronscan.org/#/contract/TXUoEg9Xkuy2cqZ4QJ6NYPqmpuwBdiMHpq/code
Unofficial Exchange: https://tronwatch.market/trade/TXUoEg9Xkuy2cqZ4QJ6NYPqmpuwBdiMHpq-TRX
Contributed by discord user mazzaroth#7423
Contributor’s TRX wallet address:TBnVyd31WRphYP2mXAhsBUKZM1MFepvmJ5
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