Bitcoin Forum

What is going on with devs building deflationary coins and tokens here and there?
Bomb token was the first,now I'm seeing grenade,dynamite,ethplode etc ,why are they building these coins?its very alarming,for quick profit?
And everyone seem to be rushing these tokens,the fact is they have no real use case ,every single one of them, its just the deflationary thing only,I won't advice anyone to invest

You might want to add flame token to your list,its max supply is so limited i think its just 5000 total supply,this tokens are trying to be like BOMB token but all of them have no real use case yet they have highest price value in short period of time due to the deflation

Developers want to make a profit, perhaps the fake team and the programmer does everything that he can write a program and sells it to users. And support is not planned.

Be careful not to engage in this kind of tokens especially they don't help anything on the blockchain technology they just been created to cause some disruption between the real investors on some project to turn their investment to them.

Let's not support this kind of investment rather let's put our money to the real project that develops some kind of innovative technology to our world right now. many are attractive to those kinds of tokens but remember the sayings about "Easy Come, Easy Go". that would not take long and the price will get down soon.

This for attraction, developers wants profit for their production and if it's come anyway then it's ok! they are want just profit within quick time and sometimes they are not create any good future plan for this kind of productions!

How can they be deflationary when you can create thousands of copies of the same token?

You are going to say: " But we can copy paste btc too!"

But that's bullshit because none of the btc copies has the hash power which btc has. There isn't anything like bitcoin.

So, deflationary tokens ain't gonna work.

I think with many names of tokens that appear, tokens that have unique names but without having a real concept don't need to be followed up, just look at them, they just want to influence the market and damage the crypto market dynamics.

Deflation tokens with no real product is a failed project and i expect people to be wise enough not to invest in this kind of projects although for quick profits you can participate in their free airdrops since its free money

And yet some newbies will fall for deflation tokens thinking that it will bring highest profit as far as transaction is going on,this tokens are actually making crypto looks bad in general, I'd stay away if I were you

Deflationary tokens are very common in crypto space and correct, without real product and no concept projects. Most probably they will end up into a failure project and commonly happen exit scam. Let say, when a token from hype project undergoes deflation, it is becoming more valuable (this is increasing purchasing power) over time.

But the fact this product didn't have a real value and your investments goes down as your output is less worthy compared to your inputs as a capital. Better to stay away on this kind of investment rather than you've lost your money.

This matter has became a culture, you have nothing to do to resolve this problem. Because most investors will know the potential project and a project which no have a future. I think this is not a dev factor, if the project has a great team which is mean they always do everything to make the project growth they will never make the project stuck in one place.

I often saw several teams still promote the project/token although their token has been listed on the exchange. Because the dev has known the project will be needed for human being in the future. These thing is an example the great team behind the project, but when I read in your statment maybe the team that you mean is not a great team and willingly the project that they have made just destroyed.

Many people in the Cryptocurrency space are in for the profit and deflationary coins offer just that, although about the case of deflationary coins without a usecase, i have seen one deflationary project that seem to be working on a usecase, the name is Blockburn token, let's keep our fingers crossed though.

it is just the new buzzword that the token creators are using to sell their shit to the gullible newbies who only look at the advertisements to decide where to burn their hard earned money. they always do this, they take something and use it to hype up their project and most people in this market don't think twice about these things! they see the word "deflationary" and think they have hit jackpot of profit to become millionaires in a day.

I've heard the name of these tokens for a long time. But I have little knowledge. Is there any list, platform, etc. about these tokens?

They call it experimental tokens, yet they advise community to buy, and when community buy, they dump on the community and move on to create another deflamatory coin. Blockburn is the biggest scam of them all, they claim to have locked 200k for team for 2years period and can't be view on explorer.  All these are for quick money and to punish community for been gullible.

yep it's the new trend of those "community projects" after all alternative "erc20 bitcoins" of 2018 have already failed...  :P

The reason for creating those deflationary tokens which at the end of the day become useless is to rip people off their hard earned money. There are series of them with no product or use. Just there for nothing.

All projects are born with a purpose, you may not use it or need it. But there are many places that need it, and now I see projects that are working together very much to support each other to grow bigger. Now their prices may fall, but if it's an intelligent investor, learn and evaluate it

It would've been better if you defined the term "deflationary" to start with as some may not know what it means. Anyway, I think the "get rich quick syndrome" is one of the banes of this crypto industry. This was the same way and energy the Lending Coins were introduced to us and a lot of us got scammed in the process. Just like most people will get burnt with this deflationary stuff too. But certainly, I won't be burnt on this. I learnt my lessons with Lending Coin. I stick to utility and security coins now.

I see this deflationary token as a way to defraud people of their money, the projects has no use at all, Bomb was the first and so many people made cool cash from it while subsequently ones that came the unlucky ones got burned by it

Lol, as investors are beginning to get tired of so many of these projects and tired of so many terms they have used to sweet talk investors into dropping their money into their projects, they need to keep coming with other words that will look catchy but yet has n meaning. I don’t usually fall for all these type of coins because I know too that they have no use case, and developers would probably hire professional adviser that is very good at creating such content.

Well, deflationary token, bomb token etc, everything depends on us too, we have the right to allow ourselves to be used by them or not, we need to start making so much dip research on these projects before we promote them or buy any of the coins, with great research, we should be able to discern the good and the bad ones.

Most of them are already exiting scam just like claymore while a lot are dying off already, flame could not survive for five days and it was dumped to zero, 95% of them will die off eventually, they are for quick profit to smart holders and developers.

Welcome to the cryptocurrency & the beatiful om smartcontract you not the only one :v, You should at here went a lot project with fake team, unprofesional team creating a random token by using smartcontract ethereum All of them already rekted

And this is what often happens now. When we see that some people only focus on temporary results to achieve success in making tokens, especially those filled with mere hype. We sometimes forget if there are other things that are more important, namely the essence and product and the future of the token itself. As investors, of course, we must know how to choose and sort tokens that will be valuable, not only in the present but also in the future. So that we do not just rely on the boom of the token at this time and then the token is completely destroyed and worthless on the market.

Deflationary tokens to me is still an experimental concept. There are no real utilities for it now other than seeing it supply decrease in other to cause inflation. I'd advise you get them for free from airdrops instead of buying them.

Going after deflation tokens is like taking a shortcut to profit in crypto space,many devs wants to make quick buck that's why they believe deflation tokens is the way,i've grab the little i can from airdrops but i won't invest a dime

Deflationary tokens are beginning to remind me of the era of self-drops. Many of them are out there as a pump and dump scheme, except for the very few that have a usecase and continually develop their project. For now,  it's advisable  to focus more on their airdrops since its free before investing in any of their projects.

The thousands of coins that we have in the market, I really do usually think if they are just there for decoration because I have never really seen anything they are useful for, most of them promised projects they cannot deliver and when we talk of altcoins that are functioning well, they are still the altcoins that are within the first 100 of coin market record, and other are just there with no use case or whatsoever, so who are the people or population they are creating these projects for.

I still don’t know why any new projects cannot juts partner with these top projects rather than creating a coin and giving t different names to just convince people into making investment, and also, I do not n=know why investors cannot juts consider these top 100 coins alone for now.

I think they are aiming for a long-term goal, like Bitcoin. They want to be one of the deflation alts in the future and will be one of many choices.
This is also a good strategy because Bitcoin is well known for its deflationary mechanism. Bomb is cherishing that dream and hope they will accomplish their goals in the future.

Everyone wants to make a profit, and everyone thinks they will be early investors, make a profit and withdraw safely. But most will suffer losses

They think, a little supply will increase the value of something. Psychologically this principle is used by deflationary tokens creators to manipulate markets. This trend will end soon.

Lately I have seen many of this deflationary coin everywhere.  I never knew of bomb token until now and the last of this type of coin I knew about was maxim. I try to see if there is any other useful case of it apart from deflationary . To me it's kinda useless

All those deflationary tokens are almost baseless to me because they have no project aim aside deflationary token feature, making total tokens in circulation minimized. Every new day I see new deflationary token, what's the essence? Why are people buying these tokens? It's obvious that the main aim is to make gains and after that the developers will dump and probably move on to the next.

Sounds like bump and dump token so you can decide whether you can invest on the project are not but definitely it is not good to invest for long term only go for this kind of investment if you just hit and run the the project with profit at initial stages.

Deflationary token now is the new trend in crypto space, I wanna believe most of these developers are not ready to create any use case for their deflationary token, most are just creating tokens and they are getting it listed on forkdelta and then dump people who bought when it's listed, 95% of deflationary token are scam

Personally only 1% of the so called deflamatory tokens can survive even if they are genuine for I see most to be scam and I see a particular group of persons behind this projects if not that they are making use of crtl + C together with ctrl+v

The purpose of investors is to make a profit, but where do you get the benefits of this deflation token? most of the price tokens fall in the market and not a few are finally delisted from the exchange. I am sure investors who buy these tokens are beginner investors who do not understand how to look for a good project. Because so far we still have a lot of beginners who are new to crypto, unlike those who have been long and familiar with crypto, they certainly won't buy this kind of token.

Deflationary token are social experiments,  many were created tor that function but as time goes on they devlop a real usecase for the project.  Bomb has migrated to binance dex to create another token named bomb x, blockburn has Dapp at the moment and planning a staking program

Deflationary tokens is very common now and people have made some profits investing in it cause of its low total and circulating supply. Though some of this Deflationary tokens are here to scam so one need to be very careful and choose legit ones with at least a use case.

in the bear market yesterday almost all altcoins experienced deflation. but some are starting to rise again. and the rest that can't survive will disappear. I think this is because not a developer mistake, but all this happened because the market fell and investor confidence decreases.

The real experimental and deflationary token is bomb. The rest which came afterwards are just for the money. I have been in this market for long to decipher the real from the chaff. This is one of the demerits the unregulated blockchain that has to be addressed

After Bomb token every other deflationary token that came up are just copy cats and I just stay away from them. Was very lucky with Bomb as I invested and made huge profit

This just goes to show how fickle the Cryptocurrency space is, the deflationary market trended just like the lending coins market and just like we all expected when it was booming, it has finally fizzled out, some people ended up holding some bags that they would never be able to dispose of and some people made mad profit from the whole thing and the market moves on, we should learn never to FOMO into anything, learn to invest because you believe in a project, not because it's paying other people, that has always been the fastest way to rekt.

I agree that we should not invest in tokens no real use case. The token should be used either as a transaction tool or as a token utility on the platform. If the token is a real use case, then the adoption process will be able to run faster and maybe the company will get money from platform users

New projects are very much growing and can not be avoided, but it is unfortunate that the project is only for a momentary profit making so it is not surprising that many projects will become scams. I agree with you that we must be careful to choose and sort the best.

Its better and easy to ignore such tokens, presently i have come across two new deflationary tokens this month of November which means that many are patronizing deflation tokens simply because of how profitable BOMB token later turned into.

Deflationary tokens looks like a very interesting investment opportunity because price of one token should grow in the future, but the reality is diffrent. At first you need to create a real use case for token and that is pretty hard, how many useful tokens you know?