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Title: could a deflationary defi project change the way defi is moving Post by: heyitsme9001 on October 05, 2020, 10:29:24 AM Recently came across https://deflationary.finance
This is a DeFi project. What makes https://deflationary.finance/ different one may ask? Well it is a deflationary project. To understand the idea one can see inflation as a evil which caused the value of token to lose value. In a deflationary economy one sees the token value increasing over time. This can be achieved in a number of ways like locking/destroying/burning tokens To understand the project one can visit Token Name: Deflationary Finance Token Symbol: DeFi Initial Total Supply: 30,000 Token Characteristics: Deflationary ERC-20 Token Website: https://deflationary.finance/ https://twitter.com/DeflationaryFin https://t.me/deflationaryfinance Token Contract Address: https://etherscan.io/token/0xa73d6348fbc57913574081868175ba0028f38a47 my erc 20 address: 0x031DE8802Db0Ae18DC4e7bFa0F1Aa63B670Fef4a Note : Currently there is an airdrop going on https://docs.google.com/forms/d/e/1FAIpQLSeGJmx55CpvQMu7GjzEzENkR98_MuMBLWcL3KEMlsn3lQiEXA/viewform Title: Re: could a deflationary defi project change the way defi is moving Post by: boyptc on October 05, 2020, 10:59:28 AM Not that amazing until those defi projects have already flown and soared high.
What's the difference between this project and other new defi projects? Title: Re: could a deflationary defi project change the way defi is moving Post by: claire_lovely on October 05, 2020, 11:47:59 AM I don't think that deflation for the sake of deflation is good. A 10% burn rate is very high and would incentivize holding over spending. A small amount of inflation or deflation adjusted by algorithm is probably the best option.
Title: Re: could a deflationary defi project change the way defi is moving Post by: Ucy on October 06, 2020, 02:49:36 PM The token has to be very useful to users, not just deflationary. I think the usefulness and fundamentals are very important factors to consider while developing/participating in a crypto project, otherwise it's as good as sharing millions of useless shiny stones amongst the uninformed and controlling the supply to make it deflationary.
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