Billionaire Token combines a super-deflationary model, a weekly raffle, poker, low supply, and rewards people for burning their own tokens. All powered by smart contracts on the Ethereum network.
The Token Sale begins on the 26th of August at 7:30 PM Greenwich Mean Time. Billionaire Tokens are offered at a fixed rate of 0.10 cents each. Bitcoin, Ethereum, and Litecoin are accepted. The bonuses are quite generous, as you'll see in the graphic below.
The thing that drew me in initially, was the idea of deflation rather than inflation. Most coins attempt to find ways to combat potential issues caused by mining or staking. Supply and demand pushes price. The developers of XBL have created a token that goes down in circulating supply and has multiple use cases that will increase demand. All information, including the smart contract, coin specifications, and whitepaper, can be found on the Announcement page published on bitcointalk.org. Token sale participants are able to burn a number of there tokens and receive them back + an additional 25 percent by calling on a smart contract. This will reduce the supply even further. And, come on, admit it, who wouldn't like to have more tokens as a reward for destroying them?
I would not be blogging about a coin that I felt was "just another useless token" to the space. Innovation is key here. I can see the potential value in Billionaire Token. At a time when sports betting and gambling token are becoming commonplace, this one features low supply and a deflationary model. No other tokens in the niche can attest to that.
I would advise anyone to do their own research before participating. The dev is very active, open to suggestions by the community, and is transparent . . a breath of fresh air to the space.
For additional reading:
The ANN thread: https://bitcointalk.org/index.php?topic=2065888.0
The Official Website: https://billionairetoken.com/
Billionaire Token Whitepaper: https://billionairetoken.com/WhitePaper.pdf
Ge to know the growing community:
Slack Invite: https://billionairetoken.herokuapp.com/
