BAZOOKA TOKEN on IMBA
About BAZOOKA TOKEN
BAZOOKA, the first deflationary cryptocurrency managed from community
World leading paper money, the euro, pound, dollar and all fiat currencies are inflationary. By inflationary we mean that the Governments can produce many of it at any time and introduce them into the market circulation, causing currency flooding in the market. Hence, the supply goes up whereas the demand stays the same or even goes down resulting to lowering of the value of the fiat currencies.
Overtime, it has been proven that no government have a clear record of how much of their currency is in circulation, this is due to the fact that they keep printing and pumping currencies into the market without trace. They always print more on a daily basis. This is the reason why when you purchase a product $20 this year you will buy same product for a much higher value the following year. This simple illustration shows that the value of the USD depreciates in that time.
A deflationary cryptocurrency is what solves this issue because it does the opposite of what the regular fiat currencies do. BAZOOKA is a hyper-deflationary cryptocurrency that help eliminates the issue of inflation. Instead of printing more of the cryptocurrency every day, it yields a 2% deflation burn on every transaction.
This means BAZOOKA core algorithm is designed to make sure that the self-destructive process will greatly improve the scarcity of BAZOOKA as an asset base over time.
For example, if a buyer buys 50 token then 1 tokens get burned and he receives 49 token. If seller sells 50 token then 1 tokens get burned and he gets the value of 49 tokens.
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. IMBAexchange will make best efforts to choose high quality coins, but will not be responsible for your investment losses.
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