What is the value of BLAZE
What is the value of the Inferno Token BLAZE? This is the number one and only question that people think about but most will not ask. It is the question that most teams, tokens, ICO’s, IEO’s and CEO’s will not answer. This is where we get the equivocal answers or where the magical buzz words that everyone wants to hear come in. “We are an A.I. Learning company, building on the leading infrastructure of blockchain technology. With the creation of Dapps and our mobile application process we will bring to the forefront a technological revolution of blah blah blah” Another favorite is “With the use of our renowned and strategic trading team we have built an industry leading trading software that uses advanced algorithms to calculate market movements and increase profits on all trades”. These are not answers or really anything other then clouds of smoke. Unfortunately, most of these clouds have given companies plenty of startup capital and in some cases plenty of money to ensure the companies CEO’s receive a nice paycheck every month in the name of innovation and advancement of products that will never exist. What is there value? As of now it is the ranking on coinmarketcap or how much smoke can be sold to make the biggest cloud.
This initiates the original question back into play, what is the value of the Inferno Token Blaze. First of all, We are an A.I. learning company using the infrastructure and advanced strategies of traders to build an industry leading trading software that uses advanced algorithms which are the forefront of the blockchain technological revolution and with the integration into mobile technological Dapps it will be the trading software of tomorrow delivered today. Actually, that is not us at all, but see how easy that is? BLAZE is the leading token in what is to become the INFERNO TOKEN Family. It is built on the deflationary token model. As the token is transferred 3% of the transaction is burned, 2% of that transaction is gone forever. 1% of the transaction is sent to another contract or what we call the Inferno Token Foundation. The purpose of burning part of the token is to increase the value by decreasing the supply. The purpose of the foundation is to increase the longevity of BLAZE. As long as there are transactions there will always be BLAZE, opposed to other deflationary tokens where the supply will run out.
How does this transfer a value to the BLAZE token? If the value of BLAZE is 0 then no matter what happens in the tokens economics or how many you have the value is still nothing. Therefore, how will value be established? The answer is simple. BLAZE is the value of the INFERNO TOKEN FAMILY.
Now the question becomes, what is the value of the INFERNO TOKEN FAMILY if the value of BLAZE is created from the family’s wealth then first the family must have value. This is what we are creating. In not knowing from the creation of BLAZE what exactly we wanted it to become, we have come up with something that we could not have imagined at first. We are creating a family of tokens. BLAZE Holders will have a say in what new tokens are created under the INFERNO name and in finding projects that have great ideas but maybe not the community to support them. This is how we intend to create value and bring value to everyone that holds BLAZE and supports the INFERNO TOKEN FAMILY.
Our first step in this was by taking in a project that has hurt everyone that was a part of it. That project was CLAYMORE. We began a token swap of the CLM token in exchange for BLAZE at a rate of 20 to 1. Unknown to everyone we had a motive to do this, the reason is because we wanted the community. They were not at fault for what happened and are a great community who believed in CLM. We recruited them to our family in hopes the same passion and belief they held in Claymore would be shifted to Inferno. Thus far we have been rewarded by this decision and successfully swapped over 1.6 million claymore tokens for blaze.
The next step is the creation of tokens in the Inferno family. With the creation of tokens and coins under the Inferno name, BLAZE holders will receive airdrops based on the amount of BLAZE they are holding. These projects will be decided by the community by instituting a voting mechanism. Burn addresses will be setup for each option the community is able to vote on. The address with the most votes wins. This will help to ensure we are delivering exactly what best suites the community while increasing the burn rate of the token.
With the value of BLAZE being established and increasing every day, the creation of the new tokens and a strong community foundation, The Inferno Family is just the beginning. This is just the foundation of what we believe will be a long standing and ever evolving token that changes the way communities and teams interact and develop together. We appreciate everyone who is a part of our community and If you are just now joining us or learning about BLAZE let me be the first to say, Welcome to the Family.