Saturday, August 31, 2019

Erosion Review





Intro

this time I will introduce the yaiyu Erosion Token (EROS) currency project which is deflating on the Ethereum blockchain. This token initially had 10,000,000 EROS, but each time Eros was sent, 0.01% of the transaction was lost from the total supply FOREVER. EROS has no minimum combustion, unlike bombs, EROS has 18 decimal points in its token contract, allowing for precision transfers, EROS also does not burn further than 14 decimal places, which means that in the distant future, EROS will not self-destruct. There is one major problem with the bomb, the Dapp Discomfort. Simple dapps like cointoss or dice games already have an advantage, and now plus 1% burns will leave the player helpless. Real DAPP to be popular in economics like this. This problem is what EROS is trying to solve. With a 0.01% burn, EROS is 100x more suitable for use in dapps, while still providing the benefits of long-term deflation. Erosion also has a feature to prevent self-destruction at the end of his life, namely to end the decimal burns at the 14th decimal place, this makes it so in the end, no matter what, at least 0.00000000000000000010000 EROS remains.

A spacedrop is a kind of an airdrop that allows the users to receive the tokens via calling a function on a smart contract. 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.


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 dapps that will help drive mass adoption.


Detail token

  • 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%)
  • Decimals- 18
  • Burn roundoff - 14
  • Burn rate- 0.01% of each transaction
  • Token name- Erosion
  • Token symbol- EROS

For More Info



My ETH Address : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d



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