Deflationary tokens here and there

[Doranile432]

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

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[Winscosinally]

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

[pishite]

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.

[yazher]

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.

[Rahman11]

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!

[mindrust]

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.

[indriasyifa]

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.

[Mighty_crypt]

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

[joseyphil82]

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

[sheenshane]

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.

[Ridwan Fauzi]

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.

[Drai]

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.

[Herbert2020]

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.

[kurcalas]

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

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?

[omone1]

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.

[vladimirhf]

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...  

[upyem2k]

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.

[take_off]

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

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

[Mpamaegbu]

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

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.

[abake]

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

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