Void: Tron Network Hyper-Deflationary Token

xpency (63)in #void • 5 years ago

The question that any conventional economist might not give you the genuine answer to is why the price of common goods and services are growing up every day. Their normal answer to such question will be that their value is increasing but in the real sense of it, their value is not increasing as they made us to believe, the only thing that its value is depreciating is fiat currency that doesn't have fixed supply or a known number of it being in circulation.

Non of any central bank governor in any country will be able to answer the simple question of how much of their nation's currency is in circulation because they don't know the actual amount of it. All they know how to do is continue printing of it which continues to depreciate its value thereby increasing the monetary value of common goods and services which are needed for our survival and pleasure.

Inflation is mostly caused by essence printing of money and this is being backed by simple law of demand and supply which says that the higher the supply, the lesser the demand of such thing be it fiat money or goods. When supply decreases, then the demand for such thing will increase.

Whenever there is sudden rise in demand which might be caused by several factors, the price of such thing is going to increase and if the demand goes down, there will be drastic decrease in its value.

Now, let's get to VOID token which is the reason for the creation of this article.

What Is Void:

Void is the world's first self-deflationary currency built on the Tron Network. It has a 3% burn rate, no minimum burn and a starting supply of 10M. For every Void transaction made 3% of its value is sent into the void forever, thus reducing supply and increasing demand.

In any transfer of VOID token, 3% of the sent token will be burned and totally removed from the overall supply of the token which act as the transaction fee for such transaction. For instance, if Mr Trump send 10, 000 Void token to Mr Xi, 300 of the token will be burnt and removed out of circulation.

Void is not the first deflationary token but it's the first on Tron network with better efficiency and real life usecases. As am writing this article, the first decentralized application Dapp for Void is already working and the team are not relenting on their efforts to make Void one of the most advanced deflationary token in the market.

The project is self funding with community backing without any form of fund raising. Void has done two airdrop for the community and they are already working on the third one which will be unveil hopefully this new week.

The initial supply of Void is 10 million tokens but it has reduced due to burning of the token. Currently you can stake Void for 14 days period which will make you to receive more of the token. VOID is already trading on exchanges and more are still coming as the project continues to advance.