The Void Tokens - A connection that might be just what we need
A build up that capitalizes on the flaws of Tron and Bomb and brings them together into one system.
Tron (TRX)
Tron came as an advancement to the Ethereum block chain system, through its standard of utilizing smart contracts in a solidly based way in a much faster and efficient method. The network was authored by CEO Justin Sun, who drived Tron into being a serious contender among the high value cryptocurrencies. This indeed showed the development and success of the TRX. Currently TRX stands as one of the most used block chains for decentralized applications (dApps) and it features the standardised token protocol TRC-20.
BOMB
This is an interesting phenomenon developed by the ethereum team, a system that has chosen to invade the market. It is a deflationary currency, a currency that self- destructs. It is first original ERC-20 token using this logic and was brought into light in February of 2019. The concept is simple and adorable, each time the token is used for transaction, 1% of the token is destroyed. Since its invention, it has managed to get to a 13.5 million dollars market value. With its impact and success on the market several companies have tried to replicate the success and principle of the bomb token however, none has succeeded in reaching the mark set by the bomb's legacy.
Flaws of Bomb
Although bomb was a massive success in the market, it still attracted a lot of criticism from its users.
Limitations in its use
The use of the token is only limited to sales which has attracted a lot of critics. There are claims to be no motivating use cases that transact tokens except simple sales which makes the 1% deflation rate too small to account for a major breakthrough. In its four month of existence only 3.5% of the total supply of the token has been burnt which is too small
Lack of an Approve and call function
The token system is difficult to be integrated into decentralised App (dApps) as it requires multiple transactions and bomb is simply limited to sales. Also a decentralized system is what the world has been craving for as it brings the promise of privacy and anonymity in transaction.
Transactions are slow and expensive.
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.
The token does not support decimals
The bomb does not support decimals and since it destroys 1% of the token used in transaction it makes a minimum bomb compulsory for each transaction. This inadvertently will stunt the growth of the token since one transaction would require two bomb tokens leading to the recipient receiving half of the value sent.
Void
Tron and the Bomb app being connected together and blended such that the features of both are integrated would increase the value for both by an app called void. The flaws of the bomb however still needs to be worked upon but it will be compensated by the Tron app and vice versa which would be made a reality by the void app.
Trade Void
You can trade void token on the below exchanges
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