After the success of the Bomb token, an avalanche of copycat projects inundated the crypto market, most of them looking for easy money. In the middle of the maelstrom, a brave new project in the search of innovation was born: AfterShock.

Aftershock vs other deflationary projects

The lineaments of the token

The mission was clear, change the user’s somehow negative opinion about the PoS (Proof-of-Stake) tokens with an easy and straight forward system to claim the stake rewards. After every transaction, a 6% fee is applied: 3% is burned and the other 3% is distributed to all Shock holders based on the quantity of Shock tokens they hold. The system is really easy, hold the tokens in your ERC20 wallet and claim the staking rewards , no time locks or shenanigans.

Another differentiating aspect of AfterShock is the focus on the comunity, the monopolization of the decision making process doomed a lot of promising projects. The team behind AfterShock seems to know this aspect very well, so every step forward is conceived within (and for) the community, also raising a complaint or suggestion is bureaucracy free and devs can be contacted directly in many ways (Telegram, Twitter, Discord,etc.).

Learning the hard way (or not)

Since Bitcoin inception, people had to learn a lot of things to be part of the “crypto revolution” without losing money in the process, one of the most important lessons was: Not your keys, not your Bitcoin (or any other coin or token). In the last decade, Mt.Gox and other exchanges skimmed common people of their savings and pushed back adoption, the staking system of AfterShock rewards and promotes having your coins and tokens in your own wallets, a good practice that ensures that your property is not vulnered by anyone.

No such a thing as a “safe exchange”

Economy 101: The value of scarcity

One of the most basic economic models is supply and demand, with a constant demand, a diminishing supply means a higher price. A common characteristic between Bitcoin and deflationary tokens is scarcity as a valuable feature, millions of btc are lost forever and thousands of bombs are already burned. The demand factor of the equation is what, in the end, will define the price but a small supply surely helps.

The future of deflationary tokens

The crypto space is relentless, most of the coins and tokens will perish sooner or later. The reasons for a premature failure are diverse: lack of interest, exit scams, bugs and exploits, no funds and other calamities, the only true statment is that only the best survive, Darwin would be proud. But not everything is lost, one thing that matters is true innovation, the market is full of bitcoin forks and almost none of them achieved something meaningful.

AfterShock is the first staking deflationary token, a crucial differential factor in the toxic trend of bomb copycats. The combination of new ideas with a strong community is the bread and butter of any successful crypto project, but nothing is guaranteed, only time will tell.