EROSION : HYPODEFLATIONARY ASSET THAT WORKS 

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SYNOPSIS OF EROSION
Some months ago, BOMB was released on the ethereum block chain. It is a self destructing asset. It had a simple methodology, on every transaction you made using Bomb, 1% of the transaction value would be burned forever. This meant that without any new minting of tokens, the supply would constantly be decreasing, and according to supply and demand theory, if the demand stayed the same but the supply was reduced, the price would increase, theoretically that is. The experiment was a success! After a few months time, the project had gained traction and burned a few thousand bomb, causing the price to spike dramatically to new highs! Suddenly, the amount of Bombs being burnt were slowing down, and down and went close to almost 5 an hour from its high of approximately 500 and hour. This was due to a fundamental issue in the token design, with 1% transaction fees and a minimum burn of 1 bomb (close to $13) as well as the usual ethereum transaction fees, it was becoming so expensive transfer Bomb. Hence people stopped transferring Bomb. And with no transfers there are no burns, hence the deflation comes to an halt. That and the fact that no one wants to lose 1% of their bomb on every transaction when it could be maybe worth so much one day, so they just keep hoarding it. Both of these reasons have completely nullified Bomb’s goal of becoming the deflationary currency of the decentralized world.

WHAT IS EROSION?
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.

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 bomb in the long run. Erosion has also implemented several features to make sure it doesnt 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.

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.

FEATURES OF EROS
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.

Bitcointalk ANN- https://bitcointalk.org/index.php?topic=5161708

Twitter Profile- https://twitter.com/Erosion_token

Website- http://erosiontoken.surge.sh/

Telegram group- https://t.me/erostoken

Author details :

bitcointalk name : sobaint01

bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2536787

eth address : 0xd1E7Ff1cf68b9935C7e1aF2a3936bB5e487B0FF6