Video Overview :
In financial matters, deflation is a reduction in the general value level of products and enterprises. Flattening happens when the swelling rate falls underneath 0%. Swelling diminishes the estimation of cash after some time, however flattening expands it. This enables a greater number of products and enterprises to be purchased than before with a similar measure of money. deflation is particular from disinflation, a lull in the swelling rate, for example at the point when expansion decreases to a lower rate yet is as yet positive.
Deflation is additionally identified with hazard avoidance, where speculators and purchasers will begin storing cash since its worth is presently expanding after some time. This can create a liquidity trap or it might prompt deficiencies that lure speculations yielding more occupations and item generation. In a shut economy, this is on the grounds that charging zero intrigue likewise means having zero profit for government protections, or even negative profit for short developments. In an open economy it makes a convey exchange, and debases the cash. A debased cash produces more expensive rates for imports without essentially animating fares to a like degree.
Deflationary token, another money accessible to anybody on the planet that is completely decentralized with no focal experts and gouverned by everybody. The system is verified through science and engages people to control their very own fund. Highlighting improved capacity effectiveness, more intelligent blockchain and considerable industry support, exchange volume and liquidity, the Ethereum system makes the ideal blockchain for Erosion. This is the reason we picked the ERC20 standard.
(EROS) Erosion is the first hypodeflationary ™ currency originally based on ethereum blockchain! Let me explain to you who doesn’t know about Ethereum, ethereum is that Ethereum is a Blockchain platform with Smart Contract functionality. Developed by Vitalik Buterin in late 2013. ETH, also known as Ether, is the currency of Ethereum’s Blockchain system. This is what you can trade on the current exchanges. In a nutshell: Ethereum is a Blockchain platform, and ETH is the monetary unit in the foundation of Ethereum. The blockchain is a database system that contains information, used to store information in linked information blocks, and is managed by everyone involved in the system, rather than on one side. 3rd individual such as state or central bank.
Erosion token (EROS) is a descending (deflationary) currency on the Ethereum blockchain. Initially, 10,000,000 EROS were created and will no longer be cast. Every time Eros is sent, 0.01% of the transaction disappears from the total FOREVER supply. A low 0.01% combustion amount allows these tokens to be much more feasible when used in dapps.
The goal
We all know bomb token, it is after all the bitcoin of deflationary currencies, but there is one major problem in bomb. Dapp unfeasability.
How do you expect any DAPP to even work with a 1% burn every transaction?That too with a minimum burn of 1 bomb?
Simple dapps like a cointoss or dice games already have a house edge, and now plus a 1% burn would turn the players bankroll to dust.
You cant expect any real DAPP to become popular with economics like this. This problem is what EROS tries to solve.
With a 0.01% burn, EROS is 100x more feasable to use in dapps, while still providing the long term benefits of deflation.
Erosion also has a feature to prevent self destruction at the end of its life, which is to round off the decimal burn at the 14th decimal place, this makes it so at the end, no matter what, atleast 0.000000000000010000 EROS remain.;
Features
Hypodeflationary 0.01% Burn Rate
During each transfer made 0.01% of the transaction will be burned and removed from existance.
Dapp Compatible
ERC20 standard protocol for easy Dapp intergration while still providing the long term benefits of deflation.
10 Million Max Supply
There will only ever be 10 million EROS tokens created. This supply will decrease overtime increasing scarcity.
Non Self Destructing Asset
EROS burns down to the 14th decimal meaning there will be a remaining supply once all burning has completed.
Expansive Dapp Ecosystem
EROS will be integrated into a large expansive ecosystem of dapps that will help drive mass adoption.
With 10,000,000 EROS released to the market, how do Spacesrop / airdrops be distributed fairly? To solve this problem, Erosion has caused 8,000,000 EROS to be locked in a smart contract, will reduce 500 EROS for each address listed in the whitelist, to list your address, you will need to post your address (must be in any form before 30 days begin) and your twitter profile link (must forward the tweet pinned on EROS’s official twitter account) to @ErosionSpacesrop. If the message passes these requirements, the bot will instruct the user on how to receive airdrops! Each address or twitter account can only be used once. This reduction of space will only last for 2 months and if by the end of two months, any tokens left in the contract, they will be burned.
Token Detail
Total supply- 10,000,000 EROS
Spacedrop total- 8,000,000 EROS (80%)
Bounty total- 1,000,000 EROS (10%)
Team + Miscellaneous(listing payment, etc) — 1,000,000 EROS (10%)
Decimals- 18
Burn roundoff — 14
Burn rate- 0.01% of each transaction
Token name- Erosion
Token symbol- EROS
NOTE : 8,000,000 EROS will be secured a brilliant contract that will space drop 500 EROS each to whitelisted addresses, to whitelist your location you would need to post your location, must have an exchange of any sort before 30 days of spacedrop starts and your twitter profile interface, which must retweet the stuck tweet on EROS authority twitter record to @Erosion Spacedrop. On the off chance that the msg passes these prerequisites a bot will PM the client directions on the most proficient method to recieve the airdrop! Each address or twitter record must be utilized once. This space drop will just most recent 2 months, and if before the part of the arrangement months, any tokens are staying in the agreement, they will be scorched.
A spacedrop is a sort of an airdrop that enables the clients to get the tokens by means of calling a capacity on a brilliant contract, read progressively here- https://medium.com/@jsanjuas/spacedrop-an-airdrop-that-beneficiaries pay-for-87e4b87a0f83
What are the token specs? How is it distributed?
- Erosion Token (EROS) is a gradually deflating (hypo-deflating) currency on the Ethereum blockchain.
- Total supply- 10,000,000 EROS
- Spacedrop total- 8,000,000 EROS (80%)
- Bounty total- 1,000,000 EROS (10%)
- Team + Miscellaneous(listing payment, etc) — 1,000,000 EROS (10%)
For More Information Click Link Bellow:
- Website: http://erosiontoken.surge.sh/
- ANN Thread: https://bitcointalk.org/index.php?topic=5161708
- Telegram: https://t.me/erosiontoken
- Medium: https://bitcointalk.org/index.php?topic=5177126#post_#
- Twitter: https://twitter.com/Erosion_token
Author :
Bitcointalk username: Bohitek97
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2124289
Wallet ETH: 0x57467D4CB04dB2B235de1277aEf04Bb1335CA73b
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