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BOMB is a cryptocurrency token that was developed to reward individuals for participating in the community and to incentivize people to learn about cryptocurrency and blockchain technology. BOMB was launched in 2018 with the goal of becoming the world's first deflationary cryptocurrency. The idea behind the project is to create a deflationary currency that decreases in total supply over time, while increasing demand due to its limited availability. This unique model is designed to create an environment where the value of BOMB tokens appreciates over time.
BOMB’s deflationary model works by burning a portion of all transaction fees, which reduces the total circulating supply of BOMB tokens. This deflationary system is designed to keep the token scarce, increasing its value over time. The BOMB token also has utility, with users able to redeem BOMB for discounted products and services on the BOMB Marketplace. The platform also supports a range of other features, such as decentralized funding, peer-to-peer lending, and a loyalty program.