This year some new things happened in crypto! The initial sale system changed to IEO, there was IAO, IGO and so many new model, but only IEO lives! However, my point is not that!
This year the Deflationary Ethereum based token based projects attracted me well. In every transaction, a certain amount of token will be burned automatically and the supply is very limited for every deflation project. The BOMB, Blockburn, Nuke, Bags, Blast, Fuze, and so many projects have come, but what happens next? It seems only BOMB and Blockburn project survives, others all likely dead or scam!
The idea was very unique, then why they are not making a success? What can be the reason guys?
When you understand the law of supply and demand then it is very easy to explain why this happens, those tokens are controlling one side of the equation, they are reducing the supply and that may seem to be a good idea but there is one big problem they do not control the demand.
It doesn't matter if something is really scarce if no one wants it then it holds no value, so all of those projects have that huge flaw and unless they gain a huge level of popularity then you should not expect those coins to gain any significant value.
