SPIKE : A Hyper-deflationary Cryptocurrency
It has been proven over and again that the government have no valid record of the amount of currency in circulation because they mint new currencies and pumping it into the market without a trace. During these printing time, USD depreciates accordingly.
The world’s leading paper money like the euro, pound, dollar and all fiat currencies are inflationary. By inflationary we mean that the government can produce many of it at any time and introduce them into the market circulation, causing currency flooding in the market (inflation). …
A self destructive system is built on the Ethereum blockchain with 3% burning rate. The total maximum supply of SPIKE token that will ever exist is 50,000.