Boom Token is a social experiment. Blockchain gives us an opportunity to create this deflationary currency, and the deflation mechanism is fully based on smart contract. The basic rules are as below: There were originally 1,000,000,000 Boom in existence. Each on-chain Boom transaction completed, 1% of the transaction amount burned. There will never be newly minted Boom.
Envion has created the technology for the first truly mobile mining unit (MMU) that uses low-priced local energy to mine a broad spectrum of cryptocurrencies. By harvesting locally available clean energy right at the source, Envion can operate at a lower cost than competitors and at the same time reduce the CO2 footprint of the blockchain industry. Envion aims at decentralizing the highly-concentrated mining market and at bringing back control of the market to the users. Hence, profits generated by MMUs are 100% beneficial to token holders. Distribution of profit dividends will occur on a weekly basis: 75% of profits will be emitted, while 25% will be used to reinvest directly in MMUs, in order to guarantee exponentially growing profits to the envion community.