Bomb Token Vs BtcMyk

Hey you, welcome back to the channel and I hope y'all are having a great day. So I want to talk a little bit about BOMB token and is it like BitcoinMYK. I want to go over some of the similarities and differences a little bit and then I wanted to tell you how you can get 100 free BitcoinMYK tokens and give you instructions on how to do that. So we're going to get to that a little bit later in the video, but, uh, I want to just talk about some of the similarities and some of the differences. So what we understand about BOMB token is it's this cryptocurrency that self-destructs. Um, in other words, the transactions, every transaction that is done with the BOMB token, actually, um, I believe it's about 1% of every transaction MBOM token, those tokens get burned off, and it's becoming this ever deflationary currency to the point where like 1 million tokens are burned. Uh, and of course what this does is it gives, um, in theory, more value to the holder of these cryptocurrencies as it's coming less and less. Uh, so In that way, BitcoinMYK has adopted a similar, uh, a feature like BOMB token. Uh, it works a little bit different. Uh, what happens is it actually, uh, based on the amount of volume traded each month, the cryptocurrency is burned in relation to how much volume moves, uh, per month. And it moves that way. There's 100 million tokens. It's going to move that way all the way to we get down to about only 5% of the total supply of the cryptocurrency. Um, and so, uh, what this does is, uh, similar to BOMB token, it gives the user more value. Now where I think the differences are in BOMB token and what you're going to get with the BitcoinMYK project is basically, um, with Bomb token, it would seem after the 100 million tokens are burned, uh, they're basically going to— it's probably pretty much going to be the end of the project as far as we can ascertain. I, I, it's a social experiment, and I think that pretty much ends it and the cryptocurrency self-destructs. Um, where BitcoinMYK is different hence the name in the front, Bitcoin. It facilitates a means to you move represented value of Bitcoin across the cryptocurrency space, across several blockchains, reminiscent of what you might get with something like the Lightning Network. And the way it does this is it integrates into a social network platform, uh, that allows it to move this cryptocurrency back and forth amongst not only the community, but over several blockchains that mirror Bitcoin MYK. And we believe this creates an option for something like Lightning Network. As long as you hold or own Bitcoin, you're able to claim these cryptocurrencies for free. So it kind of has this use as what we call a universal bridge cryptocurrency. Now, where, where else is different from BOMB token as far as the use case of it? It is more of a utility token, right? It's— is that generally what happens with assets is you get people or you get investors who come in and the cryptocurrency is not used as a money, right? It's more used as a store of value. And like what we get with BOMB token and even with Bitcoin, with BitcoinMYK, it's chasing the Holy Grail here of being both a type of store of value and a money. And a way it achieves that is, in order for something to be an efficient money, it has to be— you have to do transactions. And what we have is a universal basic income program implemented into it, uh, that it basically uses, uh, the unclaimed Bitcoin holders' cryptocurrencies to get distributed back to the community. Now, what generally happens when we're holding assets is we just hold it. Nobody wants to trade an asset because they want the value of it to go up, right? But what generally we find what happens with people who get universal basic income is that generally they spend more. So the theory is it will be this deflationary asset that is gaining value, right? This deflationary cryptocurrency. but at the same time it's transactional because the universal basic income recipients are more likely going to be selling that month to month to, to use it for basic needs and a variety of things. So it's a very interesting concept that's using a social network, uh, that's kind of reminiscent of Facebook, but it moves represented value of Bitcoin across blockchains. Again, Bitcoin holders do not have to purchase the cryptocurrency. Uh, you can also get unclaimed Bitcoin holders tokens through our proof of participation model. So you can actually get them for free as well, um, by, you know, completing certain tasks and the proof of participation model and a variety of things like that. Also an affiliate program. So this is something that's striving to be a token that's used as a money daily but has that fun deflationary quality to it where all these tokens are being, uh, destroyed and you still have the ability to use it. So If you're participating in projects like Bomb Token or even, uh, uh, ETHplode, uh, I think you're gonna find this quite interesting because of the use case of it. Now let's get into a little bit how to get this cryptocurrency. So the, the best and easiest way to get it is get an account with the Freedom Exchange. Uh, that's one of the exchanges that we're on right now. You can, you can also get on the Waves, uh, exchange, and you can get it with the, um, some Steam Engine Marketplace, which is, you know, integrated into the Steam blockchain. But you can actually get this cryptocurrency through one of those three ways. And the Freedom Exchange is the best way to go. We have a partnership with them right now, and it helps to give our product more value. So all you have to do is enter your account name once you register an account. and then your Bitcoin MYK memo ID that you will get when you hit the tab here to go to the Freedom Exchange and set up an account. Now, um, so what you want to do is get that, um, memo ID, uh, over on the Freedom Exchange, uh, and we will get you— if you're a first-time registrant, uh, with the, uh, project, you will receive 100 Bitcoin LYK tokens and be on your way to earning on this deflationary cryptocurrency, which we think is going to be a lot of fun. You guys are going to really, really love this project. But when we get down to about 5 million cryptocurrencies, that is actually the only amount of the project that the BitcoinNYK.com will hold, and much of that will go to being circulated back to Universal Basic Income. So by the time we get down to burnout of 5, we would have to have done nearly 100 million in coins being transacted. And we'll get down to that, and hopefully there will be a lot of value to the user and the holder. And another great way to get BitcoinMYK is by simply buying Bitcoin. Now it's a little bit tricky if you don't know how to sign your— do a wallet signature, but we have video instructions on how to do that. So what you can basically do, if you own any Bitcoin, all you need to do is go over to our claim BitcoinMYK section here on the menu and basically sign your wallet transaction with your Bitcoin wallet, and we'll be able to prove that you— it'll prove that you own the account, and you will get in relational value BitcoinMYK tokens. Right now you get 4 to every 1 Bitcoin you hold, uh, and through the proof of participation model, again, you'll be able to get, um, basically by completing tasks, uh, offers, uh, watching videos, doing a variety of things like that on the website, you get the cryptocurrency. That's when there's a lot of other little fun games and things you can do to earn the cryptocurrency. So I would say the difference with BitcoinNYK is it is Light Bomb token, but it is what it, you know, this is an actual usable platform, social network, chat rooms, profiles, and a variety of things. So, uh, quite the ambitious project. It is experimental as well, uh, but I think it's going to help a lot, a great deal with user adoption, and that it does use a universal basic income as part of the model, uh, and we, we believe that that's going to be a hot topic for 2019 and, uh, something that a lot of people are going to start to be more interested in and flock to. Uh, so it's all very— going to be very interesting. But to, to claim, if you're first-time registered, to claim it, go to Claim UBI Tokens, uh, on the menu section. We'll leave a link in the description. Simply fill out the form once you register an account. Go over to the Freedom Exchange, get your Bitcoin MYK memo section Um, I'm sorry, the Bitcoin, uh, MYK memo ID, uh, and, uh, there's actually a video on how to do that as well. Probably it'll take you probably about 5 minutes to get it done. And, uh, once you get your wallet, uh, very easy to get it, uh, you'll have your cryptocurrencies. But if you have any questions, comments, or concerns about how to do it, or if you're a little bit confused, uh, feel free to leave a comment either here on the video comment section, or you can go over to our website, uh, where we have live support under the chat in our chat rooms, and we can help you out there on the BitcoinNYK.com website. Uh, but that's all I want to say in the video. Don't forget to join. Uh, have fun with this project. Um, we think this new concept of these deflationary, uh, destructive cryptocurrencies are going to be quite interesting to see some of the great things we could do with that. Try it out. Let us all know how you like it. Until next time, take care.