Reality of some Deflation tokens

[HammadAli]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

[Hallmader]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

I'm afraid this deflation token will end up exactly just a deflation token in which its value is going to deflate along with its supply. I don't understand why the developers will come up with this very blunt design. This is clearly designed following the economic principle that when the supply is decreasing while the demand is increasing or even kept the same, the value of that particular stuff will increase. This does not apply to this token because the demand is questionable.

[Aaroenz0r]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

Coins like this are often fraudulent and unrealistic. because deflation can only occur when there are many people who are interested in that asset and have a high demand for that product. Bitcoin, for example, is famous and sharks are constantly manipulated by sharks. so "deflation" happens to bitcoin. For Bomb, a new token has nothing real and no real community.

[o48o]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

It's pretty similar concept to any pyramid scheme. It only thrives on value and people who are buying it after you are basically supposed to pay more, because of declining supply. Everything on these coins just screams scam but as every scam, they can go up before the hype runs out.

[cryptoaddictchie]

I dont see any sense of creating these deflation tokens. Imagine there is no product or services rendered by this type of token also no admi or developer? How could this have a value? this will only add on the garbage tokens that many are complaining or dont have value.

The only thing that will make it valuable is the manipulations if whale that willing to gamble or attract newbie to invest with it and create some hype about it.

[Mighty_crypt]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

Investors only care about profits not concepts anymore, bomb token have no real use cases but its deflation talent makes it a good choice of investment for many and few people have make big gains from bomb token already

[tinyteapot]

I will try to look at that concept differently.
Deflation tokens concept is a nice idea if well implemented especially with the reduction in the circulating number of the token in question ( It shall give the token all the advantages of deflation economically )
I also respect the thinking power of the team that thought it and brought it into existence.
I however agree with everybody here that such concept must have a working product.

[niisarearning]

It is another kind of fraudulent activity I have invested in some pos coin when the POS token was giving good profit example POS token it was giving good returns for holders just based on proof of stale concept all of sudden one day telegram channel stopped working next website gone down then huge drop in price finally it became nothing . This kind of new conveptvscammers observing they hype and sell fnally it will become nothing.

[Stanlo]

Dynamite token is the next big hyped deflation token today and this token is been listed on good exchanges as well, i won't be surprised if it get listed on huobi or binance because deflationary tokens are way too over hyped and people are rushing them

[HammadAli]

Dynamite token is the next big hyped deflation token today and this token is been listed on good exchanges as well, i won't be surprised if it get listed on huobi or binance because deflationary tokens are way too over hyped and people are rushing them

So does it provide a service or has a product?

[Bttzed03]

The concept of deflationary token was first introduced in 2017. Here's something that's interesting about deflationary tokens, it seems that nobody wants to spend them and contribute to the burning. Investors seems more content in holding but what they don't realize is that the supply won't simply go down. The only time they move their tokens is when they sell it lol.

[angrybirdy]

Dynamite token is the next big hyped deflation token today and this token is been listed on good exchanges as well, i won't be surprised if it get listed on huobi or binance because deflationary tokens are way too over hyped and people are rushing them

So does it provide a service or has a product?

As I have done with taking a sight on the information of Dynamite,
they don't have a product but they provide services like for example, community-based and also they are conducting a social experiment.

[Rodeo02]

Dynamite token is the next big hyped deflation token today and this token is been listed on good exchanges as well, i won't be surprised if it get listed on huobi or binance because deflationary tokens are way too over hyped and people are rushing them

First bomb and now dynamite what's next atomic?  .  Lol it's too obvious what they want to do creating a hype and make money from worthless token , then move to another project and then make another hype so they accumulate money from investors that want to earn in short period of time.

[shinratensei_]

I dont see any sense of creating these deflation tokens. Imagine there is no product or services rendered by this type of token also no admi or developer? How could this have a value? this will only add on the garbage tokens that many are complaining or dont have value.

The only thing that will make it valuable is the manipulations if whale that willing to gamble or attract newbie to invest with it and create some hype about it.

That idea has already used by so many scam icos and anything that related to the deflation should be considered a scam. There is not point to take it as a good idea and that's the worst idea ive ever seen. So many threads have already discussed that. Not usage and keep burn and burn crap coin.
The coins that used that idea have been creating for scamming purposes only and no more. The smart developers will not work on such a crap idea. Whales even not interested to trade that crap coin consider about they can spend it on a better coin.

[DaMut]

I will try to look at that concept differently.
Deflation tokens concept is a nice idea if well implemented especially with the reduction in the circulating number of the token in question ( It shall give the token all the advantages of deflation economically )
I also respect the thinking power of the team that thought it and brought it into existence.
I however agree with everybody here that such concept must have a working product.

I do not think deflationary is a nice concept because it will create a centralization which is not good. as Bttzed03 said, it was first introduced in 2017 but people did not care about it because it did not bring any benefit to the network and the community. every project that promotes deflationary as their main slogan is a shit project, none from them have a working product.

[Soots]

It is another kind of fraudulent activity I have invested in some pos coin when the POS token was giving good profit example POS token it was giving good returns for holders just based on proof of stale concept all of sudden one day telegram channel stopped working next website gone down then huge drop in price finally it became nothing . This kind of new conveptvscammers observing they hype and sell fnally it will become nothing.

It usually happens when more investors will fall unto this shady projects who created hype on their end. Once it occurred we can't control the situation but ride on their strategies, but in due time failures will prevail which disappointed everyone who's following their community.

[key4co.in]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

I consider anyone buying into the so-called deflationary tokens as a newbie who is yet to understand the reality about crypto investment. The concept is pointless from onset, I was so astonished when BOMB price went up drastically due to hype, many people who foolishly bought the top got burnt and that should be a lesson. Many new "bomb-like" tokens were launched afterwards by mostly scammers I presume and people still got trapped. We all need to be wise, don't just buy into tokens because you think it's got hype.

[CryptopreneurBrainboss]

Speculative project does no good to the industry, we need project that solves real life problem that's projects with real product just as you have stated. The idea that the industry is a free market is the reason we're seeing concept like this pop up every now and then. Supposedly this concept are been merged with projects with real product and not just those profiting from hype and promise that the price will continue increasing then the idea would had been a wonderful one.

Currently other projects are burning their tokens occasionally to reduce supply and increase demand. This strategy is similar to that of the deflation tokens but the deference is in the quality of the project and their contributions to the industry. Don't invest mere on the fact the supply of a token will keep on decreasing technically meaning the price will keep increasing, without demand the project is as good as dead.

[jessyj48]

The reality of deflation tokens are they have no working products or a real use cases yet many investors are rushing them hoping that in a few years they will get rich, i won't say this is impossible because once upon a time shitcoins did make some people rich in crypto space but now its no more about hype, the next bull run might not take the ride along with shitcoins

[mrdeposit]

Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.

I do not have information about the bomb, but according to CMC, it is still trading. In fact, it is possible to see such projects on the Wave platform. There is no benefit, only a few people make a profit from each other. At first, big fishes create hyip, then the little ones fall into this.