EROSION TOKEN
Introduction
Imagination has always allowed us to speculate about what others are thinking and feeling, immortality also curious on our mind and even to create entirely fictive lives; and we have long proved eager to recruit technology to its service. We have used art, music, books, movies, television, and now the Internet to thrust ourselves imaginatively into the places and lives of others. And the rise of social networking has only deepened our inventive capabilities by allowing us to cast snippets of our own lives painful, sorrowful, lonely, exuberant, ordinary into the tumult, inviting others into our place as we are invited into theirs.
Avatars seem to be the logical next step, taking the narrative imagination of fiction, the aesthetic imagination of cinema, and the self-styling power of social networks, and combining them into virtual worlds that seek to mimic real-world interaction.
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Presentation
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 governed 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.
What Exactly is Erosion?
(EROS) Erosion is the first hypodeflationary ™ currency originally based on ethereum blockchain! Let me explain to you who don'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.
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.
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 apps 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.
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%)
Why Erosion Token
Erosion is the world’s first hypo-deflationary asset. Compared to Bomb’s 1% burn every transaction, Erosion only has a 0.01% burn every transaction. The difference is minute, but it has big implications. With a 0.01% burn, the effects of deflation are gradual. Just like real-life Erosion, the process can be extremely slow, but it can be quite deadly at the same time. Erosion token enjoys the effects of deflation over a long time, making it (theoretically) a much safer bet than a bomb in the long run. Erosion has also implemented several features to make sure it doesn't self destruct at the end, such as a burn limit function, which stops the burn on every transaction when the supply is lower than 14 decimal points (i.e. 0.000000000000001), which leaves 4 more decimal points immune to the burn, making the lowest possible supply 1000 units.
With a 0.01% burn, we are able to incentivize users to make more transactions, but theres a limit to how many people are going to send EROS to each other, thats why to promote higher transaction amounts, we are going to be rolling out an entire ecosystem of DAPPS, which will theoretically increase the amount of transactions dramatically and deflate the token aswell. The DAPP roadmap will be released soon!
Official Link Below:
Website: http://erosiontoken.surge.sh/
ANN Thread: https://bitcointalk.org/index.php?topic=5161708
Telegram: https://t.me/erosiontoken
Twitter: https://twitter.com/Erosion_token
Username : walesodiya
BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2160355
Wallet Address: 0x7Cd3AdE693f2183Dfbe92b45EcACCC8b95118D25
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