Having established that VOID token is the first self-deflationary token on the Tron Network. Since operations began in late June, the progress recorded is still in line with expectations judging by the fact that it is a “first of its kind cryptocurrency”. Void token unlike the Ethereum's Bomb token supports decimals. This support helped facilitate a fair enough burn rate of 3%, unlike the bomb token which burns at a deflationary rate of 5%.
For example, if Mr A is to send 200 token to Mrs B, only 3% of the sent 200 tokens will be burnt. Hence, this established that Void also enables cheap transaction. Market wise, this is a juicy offer. That being said, TRON is one of the most recently used networks for building Decentralized Applications (DApps) on blockchain Network. This means that, it is a general knowledge that cryptocurrencies based on the Tron Network are by default DApps supporting type of Cryptocurrencies. This is another advantage Void token has over the bomb token built on the ERC-20 ecosystem which is the Ethereum Blockchain Network. Interestingly, Void have promised provision of DApps “programmed to make experience fluid and seamless”. Besides, there is another use case of the token which involves the use of the token for ‘game playing’. However, void has assured users of ongoing development of a “suite of entertaining dapps with incentives for holders to explore”. Basically, the aim of this decision is to ensure a motivation for token usage in order to achieve a l reduction in the supply of tokens. Also, it will provide users with the opportunity of having a variety of options to explore on the network. Initial token allocation involves three major segment which are Airdrop, Promotional Activities and the Team. 50% token is allocated to Airdrop, while 40% is assigned to promotional events and activities and the remaining 10% goes to the Team. Meanwhile, the project commenced with a total supply of 10,000,000 VOID token.
Progressively, the platform has concluded it's second round of Airdrop and plans are in motion for the commencement of the third round. Nevertheless, the current interesting event on the platform is the on-going
Staking event. The staking event is part of its promotional activity which had been funded with about 2,500,000 void and that is a 25% of the total supply. However, it is an hourly pay out form of stake which helps enables a distribution of 1% of funds remaining per day. At staking, the stakers fund is locked for a period of two weeks maximum. It is pertinent to note that restaking will reset the time lock. By the design, stakers are at no risk except for the 3% burn of token staked. Meanwhile, pay is released according to one's proportional share. Void can be traded on DDEX and TRONWATCHMARKET. The company is said to be in discussion with other trading platforms in order to expand the user's trading options.
You can stake here https://voidtoken.io/staking/#/
For further study of the project, you can access the whitepaper
Also, VOID can be contacted via [email protected]
Website: https://voidtoken.io/
Whitepaper: https://voidtoken.io/images/2019/06/Void-Token-Whitepaper-June-2019.pdf
Discord: https://discord.gg/mhUVF2X
Twitter: https://twitter.com/TronVoid
Telegram: https://t.me/voidtoken
Contract: https://tronscan.org/#/contract/TXUoEg9Xkuy2cqZ4QJ6NYPqmpuwBdiMHpq/code
Discord ID: tomi#8641
TRX Address: TW82JYm5auHJmanQziiPqKbLt9oGBSYsn9