BOMB had a short and aggressive hype phase because the idea of a deflationary currency is actually interesting and new. But there is something missing and I will now tell you what that is.

Make. People. Move. Their. Tokens

And I can’t push enough how brilliant yet simple the mechanic that Agustin from Shuffle Monster (or Shuffle for short) came up with is.

You can buy into Shuffle with like 100$ and you’d be (as of September 24th 2019) in the top 512, the ‘heap’, getting a 10% ROI in 40 days on average because of their 1% redistribution mechanic. Shuffle is the only coin that redistributes 1% of a tx randomly to one person of the top 512 holders, in addition to the traditional 1% burn mechanic. This is the huge game-changer deflationary tokens needed — ‘Redistribution to the top 512’.

Look, if I want to make the most money with the least amount of money, I would pay whatever amount of $ to get just enough SHUF tokens to be in the heap, or the top 512. (or rather the top 450 or 400 so as to not be kicked out by other buyers for a while). At the moment this is somewhere at around 80$ or 590 SHUF. On average, you can gain 59 SHUF tokens in about 40 days. That’s +10% profit or ROI in a bit over a month. Now buy yourself in with 5 positions 80$ each to have 5 spots in the top 512, the heap. You have 10% ROI for your 5x80$ investment in a matter of weeks and.. here comes the mechanic, the other person who got kicked out by you buying in, will have to buy a bit more SHUF to be inside the heap again, or send a few tokens from another wallet, just enough to be inside the heap, to receive the high ROI again. Having the distribution of 1% assigned to another single person in the heap, randomly for every single transaction, creates such an interesting game mechanic and an incentive to buy and move tokens. All. The. Time.

It has essentially created a game on its own. A fight for the highest ROI spot, which is as close to 512 as possible, but as far away as possible, so you don’t get kicked out early. There is a constant flow of transactions from people splitting up their wallets into smaller portions, closer to the heap, and people putting together SHUF amounts from different wallets to reenter the heap. This is the only coin with a constant incentive for people to move coins around based on the current sweet spot for the highest ROI.

Heap Wars Infographic

So I was looking into it — who developed it, how was it distributed, how much do the founders hold, etc. — When I’m interested in a project I look deeply into it.. and boy, was I surprised.

About the Distribution

Let me start with telling you that with BOMB, you are holding a coin where the founders have access to over 20% of the supply, potentially more. Yep. Fuck that. It’s way too much in my opinion and just shows their greed. BOMB and most other deflationary coins had their distribution via telegram. You had to fill out forms and verify yourself with your phone number, email ID and telegram ID. Sounds good on paper. But in the end, they had a list of people and their wallets and manually distributed to them. They could have made 1000 entries of non-existing people with different wallets they have access to and distribute the supply to them with no one possibly knowing. And with that, they’d potentially have access to even more than the 20% in the first place. I am just stating the likelihood of such a malicious act here. This is not an accusation. However, the fact that the BOMB founders came up and said “just look at our wallets, we are not dumping” when the price continued to dump is a dumb excuse and makes it seem pretty suspicious. They simply can’t prove to not have fucked around in the distribution phase. People have to trust them blindly. And having to trust someone in crypto will always end terribly.

How did Shuffle distribute their supply then?

Shuffle, for example, distributed the tokens to Ethereum holders at a block height from the past, 10 days before the announcement for launching Shuffle was even made. Every wallet holding ETH at block 8113050 received 150 SHUF per Ethereum, with a maximum of 1500 SHUF for 10 ETH. Since the block height chosen for distribution was in the past (clever again, Agustin), no one could’ve split up their ETH holdings to get more than 1500 Shuffle. For example, someone with 300 ETH would probably have split up his ETH into 30 wallets, receiving 30x1500 SHUF. Also, and this was very important to me — neither did the founder nor did any other wallet split up their ETH holdings in advance. This is verifiable and I did my due diligence. A few weeks ago I sat down for 12 hours autistically rummaging through every past transaction above a few hundred SHUF, where it came from, how many ETH the source wallet held, and if the ETH amount was coming from another wallet weeks or months before the block height. Nothing. Not for a single wallet. This is how distribute should be done. Good job, Agustin.

The founder Agustin holds around 5% of the supply at present, which is fine and small enough in my opinion. His wallet is the top 1 wallet with 50k Shuffle. He didn’t even split it up to receive more tokens by the 1% redistributions, which is an honorable move in my opinion. Every other wallet is a non-team-wallet. And notice how well distributed it is: