Deflationary tokens here and there

[SolarWindMiningCompany]

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

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

[1715004299]

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[Uju4real]

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

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

[pgbit]

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.

[setialovers]

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 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

[yohananaomi]

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.

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.

[Furryball]

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.

[ATSgrowth]

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?