Golos Blogs

Today I will introduce you to the first hypodeflationary electronic currency in the world. It is a kind of Erosion is the first hypodeflationary currency originally based on the ethereum blockchain! Erosion Token (EROS) is a gradually deflating (hypo-deflating) currency on the Ethereum blockchain. There were originally 10,000,000 EROS created and no more will ever be minted. Every time Eros is sent, 0.01% of the transaction is gone from the total supply FOREVER. The low 0.01% burn amount allows much more feasibility for these tokens to be used in dapps.

Features

Here are some key features of Erosion:

During each transfer made 0.01% of the transaction will be burned and removed from existance;
ERC20 standard protocol for easy Dapp intergration while still providing the long term benefits of deflation;
There will only ever be 10 million EROS tokens created. This supply will decrease overtime increasing scarcity;
EROS burns down to the 14th decimal meaning there will be a remaining supply once all burning has completed;
EROS will be integrated into a large expansive ecosystem of dapps that will help drive mass adoption.

Token

So Does EROS have a minimum burn? EROS does not have a minimum burn, unlike bomb, EROS has 18 decimal points in its token contract, allowing for precision transfers, EROS also does not burn further than 14 decimals, meaning that in the far far future, EROS will not self destruct.

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%)

How will the spacedrop/airdrop be distributed fairly?

8,000,000 EROS will be locked in a smart contract that will space drop 500 EROS each to whitelisted addresses, to whitelist your address you would need to post your address(must have a transaction of any kind before 30 days of spacedrop begins) and your twitter profile link (which must retweet the pinned tweet on EROS official twitter account) to @Erosion Spacedrop. If the msg passes these requirements a bot will PM the user instructions on how to recieve the airdrop! Every address or twitter account can only be used once. This space drop will only last 2 months, and if by the end of the two months, any tokens are remaining in the contract, they will be burned. In which spacedrop is a kind of an airdrop that allows the users to receive the tokens via calling a function on a smart contract.

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

For more details:

● WEBSITE: http://erosiontoken.surge.sh/
● TELEGRAM: https://t.me/erosiontoken
● TWITTER: https://twitter.com/Erosion_token
● ANN: https://bitcointalk.org/index.php?topic=5161708
● DISCORD: https://discordapp.com/invite/ADEZgPP
● REDDIT: https://www.reddit.com/r/erosion_token/

● AUTHOR:
● BTT USERNAME: sabic
● BTT PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2591558
● ETH ADDRESS: 0xd61548E0d81A99174aD2Ab9c1F00e3069B34fAC1