We are still in the early phase of another bull run, coupled with the recent tradewar between America and China the stage is set for cryptocurrency to become one of the hottest asset class. While Bitcoin is the alpha of cryptocurrencies, and Ethereum follows closely with its smart contracts, have you heard of Deflationary Tokens?.
Deflationary tokens reduce total supply in a bid to increase the scarcity of the token. With a little knowledge of economics we know that if demand increases when there is short supply, prices go up. An example of a deflationary token is BOMB token which is the first deflationary token, it started trading at about $0.5 per token and went as high as $14 per token making many early birds millionaires.
There are over 2000 cryptocurrencies fighting the battle for mass adoption and according to popular opinion cryptocurrencies without genuine use case will die off, that's where AfterShock token (SHOCK) comes in or should i say stands out.
SHOCK is the first deflationary staking token on the Ethereum blockchain, this means that apart from being a deflationary token like BOMB it also gives token holders staking rewards. SHOCK has a burn rate of 6% of every transaction i.e. 3% of every transaction is forever lost (reducing total supply) and another 3% is shared amongst SHOCK token holders in proportion to amount held (passive income).
SHOCK is currently trading at $0.19 per token, with only 978571 SHOCK left (21429 SHOCK already burned) and 831 token holders. It's still early though and you can earn SHOCK tokens for free by doing simple tasks in the ongoing giveaway bounty, just visit aftershock.vip but you have to hurry because it's less than 20hours to the end.
