Reality of some Deflation tokens

[Coyster]

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

You're correct, the idea of deflationary tokens is not a bad one, neither is it as scam as some people may think, but the projects are coming out with just that strategy alone and that's very foolish, you cannot just create a coin and burn a particular percent at a particular time and expect that to be the master plan that'll lead to the success of the product.

If the coin is good, has a good use case, real good product, then burning tokens may not be a bad idea as the supply would be reduced at intervals while since the product is good, it will attract more users and the demand would go up, which would increase the price of the coin too.

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[the rise]

https://coinmarketcap.com/currencies/bomb/

although like coins that are not serious, I check they still have good endurance, I do not follow this coin, but there are interesting things where deflation can be something powerful, but there must be a usability implementation, without this, demand will not increase and will only be solid as a premium collection. Their ideas are very different from most of the others, I have never seen anything like this.

[Bananington]

I don't really think people still believe in deflationary tokens anymore, all of them have no concise project aim. By the way, the whole idea is messy, and will never be adopted. Why will I want to buy into a token that keeps depleting whenever I do transfers, doesn't really makes sense to me and I wonder why anybody ever bought in.

[cryptonewbie]

The reality here is that both the project devs and the people shilling it are only there for the money they can make from it. I am flabbergasted that nobody is talking about the fact that this project has no application or value to every day use yet they are hyping and buying it

[masterrex]

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.

That's true how can you choose to gamble on experimental token like "Bomb Token" its risky because its just an experiment and no guarantee or value. in other words its a hallow project, Bomb was created for an experiment purposes on how deflationary token works. no product, no use case and no development it means nothing.    

[HammadAli]

I like the idea of deflation in the real use of the token. for example, in the Moozicore project, tokens will be burned if they are used inside the platform. such a concept will be successful if the platform becomes popular and attracts a large number of audiences

BOMB also has this kind of feature where 1 BOMB gets destroyed whenever a transaction is completed. But due to such feature a crypto cannot go further if no product or service is given.

[mu_enrico]

I thought people could not get any dumber, but a "self-destructing currency" changes my perspective. It is just foolish.

"Each time a Bomb is transferred, 1% of the transaction is destroyed."
https://bombtoken.com/

So this coin encourages users not to use the coin.

You guys should understand that cryptocurrencies except stablecoins are not pegged with anything. It has no underlying value except the network effect; in other words, it has to be used.

[Pamadar]

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.

That's true how can you choose to gamble on experimental token like "Bomb Token" its risky because its just an experiment and no guarantee or value. in other words its a hallow project, Bomb was created for an experiment purposes on how deflationary token works. no product, no use case and no development it means nothing.    

It's like a gamble, what if there's no one use the coin or no one support the projects, nothing will be burned and there's no movements that will take place.
It's hard to take chances not unless you will use spare funds and you are willing to take for long term investment. With the situation like now, it's hard for
any investors to take this and work with experimental ventures. Most investors are wiser and they are looking for higher potential projects.

[Henrytrust]

I always had a bad feeling about the deflationary tokens. They were all a vivid example of ponzi scheme in the cryptocurrency space. The fact that non had a real use made it obvious that their demise is near. I wasn't surprised when they faded away like the morning dew.

[Aabcde]

This method is very popular in 2017, but for now it doesn't seem useful to people. Because people have started to be smart which projects actually have functions which only rely on deflation. If deflation is not accompanied by a good product it is useless and can be a scam at any time.

[horrifiedx1]

This method is very popular in 2017, but for now it doesn't seem useful to people. Because people have started to be smart which projects actually have functions which only rely on deflation. If deflation is not accompanied by a good product it is useless and can be a scam at any time.

right. tangible products that many people will need to maintain the project in the cryptocurrency world. different from fictitious projects where the pump can occur at any time and the dump will catch up and it is difficult to return to the original price due to erosion of investor confidence. this is not much different from gambling

[jessyj48]

I like the idea of deflation in the real use of the token. for example, in the Moozicore project, tokens will be burned if they are used inside the platform. such a concept will be successful if the platform becomes popular and attracts a large number of audiences

Yes deflation idea is a very good one, i never know that any MZG token used in the app will be burned, feels like i am just hearing for the first time, its same thing with CHL, once you use the token to invest on real estate in the app it burns off instantly

[Doranile432]

Real use case should come first before deflation but developers are just using this to take advantage of investors who wants to get rich quickly and investors too are not wise enough

[Wysi]

Real use case should come first before deflation but developers are just using this to take advantage of investors who wants to get rich quickly and investors too are not wise enough

This was a thing of past wherein bounty hunters used to dump the tokens and causing loss to investors but now the tables have turned and it's the investors or developers who are greedy as they don't distribute rewards to hunter and rather they dump the tokens.

[ATSgrowth]

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.

When you would like to create a new coin, you have to make hype over it. And how? By creating good-looking buzzwords for your coin.
And do you think that BOMB wasn´t profitable for creator? I belive that he earned a lot of money, but the others paid for it.

[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.

When you would like to create a new coin, you have to make hype over it. And how? By creating good-looking buzzwords for your coin.
And do you think that BOMB wasn´t profitable for creator? I belive that he earned a lot of money, but the others paid for it.

Yes this is the reality of tokens. Nothing is backing the price. So rise it and dump it.

[TanakabZX]

Aero token is the new kids on the block, after watching ethplode for few months its now growing due to the burned in max supply, if you are holding any deflation token once it become profitable just take your profit and leave, since they have no real use its better to avoid holding for long time

[K4C]

BOMB is still around  and doing well I think, but the hype surrounding it has faded greatly, it's not what it used to be back when deflation coins were da Bomb... literally!.

Just like anything in Crypto, anything is possible and we might be seeing a comeback in the future especially deflationary coins with a usecase.

[javainn]

I wonder if it is possible for this deflation token to last a long time? Can it attract investors or fans? because I think now the deflation token system for the long term will not be better than the token system in general. especially if you associate it with an offer

[HammadAli]

BOMB is still around  and doing well I think, but the hype surrounding it has faded greatly, it's not what it used to be back when deflation coins were da Bomb... literally!.

Just like anything in Crypto, anything is possible and we might be seeing a comeback in the future especially deflationary coins with a usecase.

Bomb literally had no product or services. They were just creating hype.