BLOODY Token - Information and Review

[BrolySSJ 7899]

BLOODY is a token that is based on a deflationary elastic experiment. To be honest, when I saw this, this was the first time that I had heard of such an experiment, so let me take a minute here to explain the basics behind this type of experiment before I move onto the coin value and its market volumes. This experiment basically requires that the token be in constant circulation. Therefore, if the circulation of the coin increases, then there is an increase in everyone's BLOODY token balance, and vice versa. This is referred to as the clotting effect for the experiment. Furthermore, the faster the circulation the greater the reward that you get in terms of BLOODY tokens. It is a pretty interesting concept, and to be honest the first that I have seen of this nature.

 

The BLOODY token was initially distributed to towards the latter part of October last year (2020), and was added to the Rottenswap website. The concern that I have with this currency however, is the fact that it is not tested or audited. AS a result there can be a lot of misleading information relating to the token, and there can be a lot of security issues as well, especially since it was not first tested before being distributed. Therefore, I would like to stress at this point, that the token does have a high risk factor and should not be looked into lightly or considered lightly when making an investment. Only invest an amount that you can lose in this coin.

 

Now with regard to the token value, BLOODY is currently valued at 0.00089 USD, which is a 6.92% reduction in the last 24 hours. The coin saw its all-time high value on the 14th of November 2020, a couple of weeks after its release, with the value of the token reaching 0.02375 USD. This is a much higher value than the current trading value of the coin. Currently, there is no information that is available in relation to the number of tokens that are in circulation or the total cap on the number of tokens, however there are reports on fxempire which do indicate that there are currently over 800 thousand BLOODY tokens that have been mined.