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Author Topic: Is the Deflationary model failed?  (Read 327 times)
pacman7331
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November 19, 2019, 12:59:41 PM
 #1

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?

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November 19, 2019, 01:10:12 PM
 #2

Because all of them were using the deflationary function to increase the hype not the utility of the token.
even the survived projects are not doing fine either because the real use case of this deflationary is only creating a hype because of burn.
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November 19, 2019, 02:41:49 PM
Merited by CryptopreneurBrainboss (2), tk808 (1)
 #3

The idea was very unique, then why they are not making a success? What can be the reason guys?
It wasn't unique. Before all these tokens came out and started the hype, a project called Equal started this deflationary token model. If I am not mistaken, Bomb just increase the rate per transaction and probably have a better marketing team. When other devs saw the instant success, they immediately copied the concept and made some tweaks to make it their own.

It was only a matter of time before the hype fizzle out and I'm glad it happened sooner than I expected. You see, a lot of these projects are just focusing on the demand and supply. The assumption is that the lesser the supply, the demand and price will increase but there's a problem, they are not Bitcoin. They're not the first crypto, they don't have the first move advantage, and they probably do not have anything else to offer other than being a deflationary token.

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November 19, 2019, 03:41:53 PM
Merited by hatshepsut93 (1), tk808 (1)
 #4

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?

Wake up man, scammers are manipulating you over and over with these hypes, thats "the reason" these projects go how they do haha
they dont mean SHIT, thats the plain and simple, in time BTC itself will have all these features, these alts are just to make devs rich in the meanwhile
if you think projects like "BOMB" are surviving, maybe you should give it more than what, 3 months? Tongue lol

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November 19, 2019, 04:25:48 PM
 #5

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?
So, having unique ideas is not enough. It's one of the main factors for success, but it's difficult to keep the project alive when it is single. Team, and enough money for promotion and listing. Do sale in binance, so even the unique idea will be worthless.
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November 19, 2019, 04:53:13 PM
 #6

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?


If the sole feature of token is to be burned then yes that is a scam. LOL. Just think of it. If only thing that gives value to token is that it get burned and nothing else. You dont need to be Einstein to figure this out. It is like Ponzi scheme.

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November 19, 2019, 04:55:23 PM
 #7

IEO was introduced to public like half a year ago and the biggest exchanges are not delivering past profits. Just look at the last Binance IEO that did not even cross the sale price and is now trading below its IEO price.

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November 19, 2019, 04:59:12 PM
 #8

Just making a deflationary token isn't the sole factor of the equation. There are many others aspects that need to be taken care of if you want a healthy and sustainable cryptocurrency economy. Bitcoin has a PoW consensus and a limited supply. That combination with many other properties like being the first cryptocurrencies, it has already been adopted and supported by many parties around the world + its technical features and the possibility of continuous development on and on top of it make it the king of the crypto space and a viable store of value with a powerful economy that has the potential to become the first global mainstream cryptocurrency.

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November 19, 2019, 05:38:57 PM
 #9

I am glad that these shits are dying too early! They have nothing to show the crypto world. I was in the Nuke group, man! Those admins were sick or psycho! However, I don't know how did you think the Deflationary idea was good. What they have actually? Nothing but the limited supply and burning rate, is these are big deal? No! Soon or later they all will become shit coins.

 
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November 19, 2019, 05:44:05 PM
 #10

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?
Not all deflation tokens are good infact they are mostly useless because they have no real use case, bags is lagging behind with no better liquidity i guess its same result will others as well

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November 19, 2019, 05:49:33 PM
 #11

Most of these projects were created to make money on the wave of hype around the deflationary model. I think that if the creators set the right goal, then everything would be fine, and not the way it is now.

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November 19, 2019, 05:51:56 PM
 #12

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?
To me i still can't understand what makes BOMB a very good altcoin, deflationary is not a real use case yet BOMB really brings smile to the faces of the early adopters, i see no reason of existence at all

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November 19, 2019, 05:55:13 PM
 #13

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?
All deflationary tokens with no real use cases are scam, in the end those who invested in them will be disappointed, the burning of max supply is what gives these shitcoins value, no real use case, nothing but zero means of existence

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November 19, 2019, 05:57:51 PM
 #14

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!
What does IAO and IGO means? I only know three of them, STO, ICO, and IEO.
STO stands for Security token offering
ICO for Initial Coin Offering
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?
It doesn't mean that because they burned tokens it will attract more investors. Possibly those tokens that you've seen aren't so popular that's why they all became dead.



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Rainbot
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November 19, 2019, 06:36:29 PM
 #15

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?

I didn't see any reason for BOMB to exist and still don't see anything but a shittoken fomo value for it from the people who don't question what's that even for. None of these projects have anything else to offer and only reason that they exist is because people don't look under the hood in tech or question what problem does it solve. Also what even would be the planned endgame of these? Just exist to gain more and more artificial value without offering anything new?

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[]WHERE CRYPTOCURRENCY AND ONLINE GAMING MEET
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SolarWindMiningCompany
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November 19, 2019, 08:27:43 PM
 #16

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?

I think the hype was basically on the model because of its uniqueness and novelty. However, there was no established advantage it has over other token models asides in curing more cost for the owner who have to use much higher gas in transactions.. Also, other token models can initiate a burn whenever they please, afterall, XLM just burned 55b worth of tokens. Furthermore most tokens built on the deflationary model turned out to be scam which made the model more notorious

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November 20, 2019, 05:15:41 AM
 #17

With the recent XLM token burn (and many others actually), you should raise a question about who is in charge of determining the supply. The emission rate should be "set in stone" or unchanged so that the users won't have a similar problem with the central bank debasing (or playing with) its currency.

Then if the emission rate has been set in the genesis, you will see that the negative emission rate is terrible. Why? Because users will find their balance decrease over time, hence making it impossible to be a store of value.

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November 20, 2019, 05:20:04 AM
 #18

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?

Wake up man, scammers are manipulating you over and over with these hypes, thats "the reason" these projects go how they do haha
they dont mean SHIT, thats the plain and simple, in time BTC itself will have all these features, these alts are just to make devs rich in the meanwhile
if you think projects like "BOMB" are surviving, maybe you should give it more than what, 3 months? Tongue lol

You have a point but BOMB have been around for more than 3months already, this doesn't mean anything though, apart from the present hype in the project nothing else

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November 20, 2019, 05:25:19 AM
 #19

I expected this model to fail because honestly apart from the deflation system of most of this projects, there was no real use for them. The deflationary model was a good experiment which can be used in a project with more used cases

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November 20, 2019, 05:58:58 AM
 #20

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?

Many new projects offer something new to investors but due to intense competition and also the weak ICO market, many projects cannot reach sales targets or fail to launch. I think the deflationary model is a good model that has proven successful projects in the market but I think it still needs time to develop and make investors aware of their potential

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