Bitcoin Forum

I have built a coin that can be a long term store of value, it sends 1% to a deflation contract and 1% to a dividends wallet. The deflation fee causes the supply of RAKET in circulation to decrease, which makes it a scarce asset. The dividends are somehing quite cool that you may wanna check out on our website https://raketcoin.io

It's funny to see new projects appear in this form. Understand for yourself what you are capable of and how this market will work with the things you are doing, how much money you need to make all of these things and how long it will take to create :) . Listen to me, learn more don't lie to yourself and what others do.

Nice feature but not overwhelming as many deflationary already did this kind of project. Developers should focus on use case where those tokens created can be used for something rather than simply trading. Most projects promotes that kind of smart contract but failed to be success cause it doesnt showcase any worth at all. Maybe try to expand the platform to a more useful one.

I clicked on the link and it does not show me any information, all that appears is a black page and with a missile flying up, where is the idea of the project and the rest of the details?

Generally, deflation is not managed like this. If every transaction loses 1% of it, this means that the currency after a period of time will disappear or people will stop sending because its value does not decrease, for example in Bitcoin, currencies do not decrease, but there is a maximum that cannot be exceeded.

In general, you cannot market your project out of scarcity only. What creates it is not the dwindling supply quantity, but the continuous increase in demand.

It does show on my end maybe you need to wait more or it depends on the location but a new shitcoin once again. Seems a newly built token that could kill Bitcoin once again, which I highly doubt in the first place. It will always keep on going up? Sure that will be believable for those novice but we've already heard that many times before.

Back to the first rule, altcoins are just a game and Bitcoin is the safest place to invest, No matter how ideal you are in designing and planning long term storage the fact is that nothing is truly safe than Bitcoin.

There is no detailed information available, and this is just bullshit. What advantages does deflation have to offer to claim a long-term store of value and scarcity if in the end only Bitcoin remains singular and irreplaceable.

Another shitcoin with Total Supply: 11,000,000,000,000 the biggest question is what's the usage of the coin and what it can contribute to the community, why would I buy this coin, all that's in your roadmap is all about making this coin hype

And your goal is to land in the top 500 in CMC that's not going to happen you will land in the top 1000 dead coins list.

Its too late. Such projects were popular in early 2021. Maybe that day you will find investors. Not now because all of them failed and people know that. The fact you need to pay 2% fee for every transfer makes it useless as a product. The only use-case it has is the fact that its deflationary and it does not mean anything because your project is easily replicable (you can do 10 forks in 1 second), so supply of this idea (token that burns 2% form each TX) is infinite.

I would agree that there should be other focus for the coin or token to be used like it can be used in a gambling site, buying products and many more. No one will use it or store it if there's no one can use it except storing the token/coin, trading and transferring to other wallet. No one wants to own a token like that where it can't be used to other things except those I mentioned. Other projects have already made something like that before.

But do you have any idea to create demand for your token? Then only we can talk about the deflationary and dividend or good for long term storage.

By the way do you think this is the first ever deflationary token if now why people have to choose yours over the existing coins.