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#Post#: 454--------------------------------------------------
MIASMA Deflationary Token
By: kwillard Date: October 8, 2019, 6:08 pm
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I have been following a relatively new ERC-20 token called
MIASMA. This post does not contain any kind of referral link, I
just think the project is cool. So read on in peace. This is a
deflationary token meaning a certain portion of the total supply
is burned out of existence every time a transaction occurs with
it. MIASMA is also a dividend bearing token, meaning that a
certain portion of every transaction is deposited into a pool
that is divided among all holders.
Deflationary Function: With this particular token 0.07% of the
total amount of each transaction is burned out of existence for
every single transaction. This creates an incrementally
declining total supply and an increasing scarcity as trade
volume grows.
Dividend Function: Along with the portion burned, 0.03% of
every transaction is deposited into a pool that is accessible by
all holders of the token. As trade volume increases the amount
deposited into the pool grows more rapidly. Holders may
withdraw their dividend each 14 days, and the amount of the
dividend is proportionate to their overall holding of the MIASMA
token.
The combined effect of the deflation and dividend is that 0.1%
of every transaction is diverted, leaving 99.9% for the receiver
of the transaction.
Since MIASMA is an ERC-20 token it can be transmitted quickly
and easily at extremely low ETH cost. The stored value of the
token is very portable and economical to move thanks to the
Etherium network.
MIASMA is currently in the middle of a tiered drop with a couple
phases complete and a couple left to go. There seems to be an
opportunity to get in early if it sounds interesting to you.
The most recent news beyond that is MIASMA listing on Bamboo
Relay and Switchdex.
If you want to learn more here are a couple links (neither are
referral links)
Etherscan link:
HTML https://etherscan.io/address/0xa52d617149ba4dd280a1d76fe3821c4547a382c9
Official Website of the Project Developers:
HTML https://kaydesmith.wixsite.com/miasmatoken
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