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Author Topic: Reality of some Deflation tokens  (Read 348 times)
Chicky213
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December 02, 2019, 07:51:18 PM
 #41

Deflationary coins reduces its supply as transactions occur thereby adding more value due to its limited supply. Most of this deflationary coin have no usecase and will turn to shit coin in future,however there is one deflationary coin that proposes to introduce a usecase, BlockBurn.
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landoffaucets
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December 02, 2019, 09:02:44 PM
 #42

BOMB didn´t have any use case, something like HEX, token that is hyped for massive staking profits, but nobody cares about the real use case.
So, at first you need use, then you can attract investors on any other things.  Cool
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December 02, 2019, 10:09:37 PM
 #43

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.
There is nothing to keep this project alive. The method of making money from each other, this method continues to some point and when the time comes, it explodes in someone's hands. I am sure there will be new and greedy ones at the explosion point, because the veterans know how to trade with such projects. Maybe the price increase may seem attractive to someone, but never be fooled. Absolutely and definitely stay away!
gundala
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December 02, 2019, 11:17:58 PM
 #44

There is nothing to keep this project alive. The method of making money from each other, this method continues to some point and when the time comes, it explodes in someone's hands. I am sure there will be new and greedy ones at the explosion point, because the veterans know how to trade with such projects. Maybe the price increase may seem attractive to someone, but never be fooled. Absolutely and definitely stay away!
You are right, such a scenario will usually only benefit one party. While others will have a greater risk. A kind of hype that will only produce brief hysteria and then disappear.

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December 03, 2019, 06:45:25 AM
 #45

You are right deflationary or not an asset needs to achieve a level of adoption and that usually comes from a real world use case so make sure you check that it is listed on a reputable exchange, has good liquidity, and a strong community behind it before you decide whether or not to invest

vanya.pronin.1983
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December 03, 2019, 07:29:41 AM
 #46

I believe that this situation has something familiar not only with deflation tokens. Even solid altcoins from top 50 on CMC cannot deliver a working product after several years of development, so I believe you do not need to expect a working product from a new altcoin.
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