Details about Bombcrypto Coin cryptocurrency
€6,313
100,000,000
25.922
Unknown
803387x
€11602.3
Bombcrypto Coin price charts
BOMB exchanges
Bombcrypto Coin, the crypto
Bombcrypto Coin (BOMB) is a decentralized cryptocurrency that runs on the Ethereum blockchain. It was created in 2019 and has gained a small but dedicated community of supporters who see it as a unique experiment in deflationary economics.
The point
The main point of Bombcrypto Coin (BOMB) is to create a self-destructing currency where every transaction results in the burning of a small percentage of the coins involved. This means that the total supply of BOMB decreases over time, making each remaining coin more valuable. It also encourages holders to keep their coins, as selling or trading them would result in a small loss due to the transaction fees.
The problem
Bombcrypto Coin (BOMB) tries to solve the problem of inflation, which can be a serious issue for traditional fiat currencies that are controlled by central banks. By creating a self-destructing currency, BOMB encourages saving and long-term holding, while also introducing a new model for deflationary economics. However, it should be noted that the deflationary model also comes with its own risks and drawbacks.
Compare BOMB and BTC performance
| Timeframe | BOMB | BTC |
|---|---|---|
| 1h change | 0.0177427 % | 0.168451 % |
| 24h change | 7.24 % | 0.640977 % |
| 7 day change | -37.72 % | -1.40568 % |
| 14 day change | -55.6 % | -3.47208 % |
| 30 day change | -73.75 % | -4.62042 % |
| 200 day change | 3153.2 % | 117.416 % |
| Year change | 3078.67 % | 122.487 % |