EROSIAN - Ethereum's First Hypodeflationary Asset


Hello, meet again with me Samuraijin, I will write an article about the crypto project called Erosion. For more details, I will discuss it below

In financial matters, deflation is a reduction in the general value level of products and enterprises. Flattening happens when the swelling rate falls underneath 0%. Swelling diminishes the estimation of cash after some time, however flattening expands it. This enables a greater number of products and enterprises to be purchased than before with a similar measure of money. deflation is particular from disinflation, a lull in the swelling rate, for example at the point when expansion decreases to a lower rate yet is as yet positive. 

Deflation is additionally identified with hazard avoidance, where speculators and purchasers will begin storing cash since its worth is presently expanding after some time. This can create a liquidity trap or it might prompt deficiencies that lure speculations yielding more occupations and item generation. In a shut economy, this is on the grounds that charging zero intrigue likewise means having zero profit for government protections, or even negative profit for short developments. In an open economy it makes a convey exchange, and debases the cash. A debased cash produces more expensive rates for imports without essentially animating fares to a like degree. 


Deflationary token, another money accessible to anybody on the planet that is completely decentralized with no focal experts and gouverned by everybody. The system is verified through science and engages people to control their very own fund. Highlighting improved capacity effectiveness, more intelligent blockchain and considerable industry support, exchange volume and liquidity, the Ethereum system makes the ideal blockchain for Erosion. This is the reason we picked the ERC20 standard. 

What is Erosion Token (EROS)?

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

EROS 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.

Token Information 

  • Token name : Erosion Token 
  • Token Symbol : EROS
  • Decimals : 18 Burn 
  • Round off : 14 
  • Burn rate : 0.01% of each transaction

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






If you want to know more about the Erosion project you can visit the link below, Enough for my writing this time which only discusses some important points of this project, for more information please visit the link below


Bitcointalk username: samuraijin
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