Deflationary Tokens

[Wingo]

Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless

A great example is $BNB, a solid project with a great number of supporters. Investing in deflationary tokens can benefit long term investors. Given that all fundamentals in the company's business remains constant, the token price will go up overtime due to regular token burns. Not looking at much the volatility, and looking at the historical data, $BNB has reached all time highs after every token burn.

[Francis Freeman]

Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless

A great example is $BNB, a solid project with a great number of supporters. Investing in deflationary tokens can benefit long term investors. Given that all fundamentals in the company's business remains constant, the token price will go up overtime due to regular token burns. Not looking at much the volatility, and looking at the historical data, $BNB has reached all time highs after every token burn.

I feel that binance is one of the few exceptions of the deflationary token system working rather than the norm here . Too many projects are trying to lure in ok investors with the deflationary token mechanics without any base fundamentals.
Burning a token without any fundamentals is burning something which never existed.

[baiwei]

A deflationary token model, is one where tokens are removed from the market over time. The main benefit to models like these is that they prevent the market from being flooded with these excess tokens as more are mined, created, or sold off by the creators.

[Apostlekin$$$]

Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless

A great example is $BNB, a solid project with a great number of supporters. Investing in deflationary tokens can benefit long term investors. Given that all fundamentals in the company's business remains constant, the token price will go up overtime due to regular token burns. Not looking at much the volatility, and looking at the historical data, $BNB has reached all time highs after every token burn.

Hm I'm kinda confused and I need some answers, is burning tokens by sending tokens to unknown contract address the same with deflationary tokens? How is bnb token a deflation token? If I could remember deflation tokens shrinks in supply as investors send and receive the deflation tokens, bnb token don't work this way

[Apostlekin$$$]

The problem with many deflation tokens is lack of use cases, 99© of deflation projects offers the deflationary ability only, nothin more or less, till date I find it hard to trust any deflation tokens and the few I gathered through airdrop hunting are all dead

[KngrKhna]

In my opinion you dont need solid use cases in order to gain success there are many coins with just one core functionality and they are getting success, biggest example is BTC. I have some space for these deflationary tokens in my portfolio since I feel there price will go up in days to come.

[SerbSerc]

The problem with many deflation tokens is lack of use cases, 99© of deflation projects offers the deflationary ability only, nothin more or less, till date I find it hard to trust any deflation tokens and the few I gathered through airdrop hunting are all dead

That's very much true. If these deflationary tokens want to hit the dance floor then they must bring some real world use cases. Only BTC as payment system has so far is able to get success rest alt coins have to come up with some use cases.

[wtr1133]

the idea is just an experiment that carried some hype and people enjoyed the ride, but in the real sense of it, such idea idea wont work for a good cryptocurrency worthy of investing into. the hype didnt last long because it wasnt mean to have real value

Many coins in crypto world have gone to moon because of hype, we have to be in the coin before that hype whether its deflationary or any other coin. Otherwise we will be just an analyzer in the whole crypto trading.

[langoot]

Despite no use case if you see volume of these deflationary coins then its evident that someone is silently investing in these tokens. There price is down and its best to buy right now if you have faith in these coins.

[jimjam1]

Those who look for shortcuts in investments usually end up in loss. In crypto you have to buy coin on time and hodl, wait for right time to sell. Deflationary coins are in initial stages n price is very low. If you are interested in this coin then buy it now.

[uneng]

Interesting concept, but it doesn't make sense for me. Why would anyone use a finite currency?
To have a limited supply like bitcoin it's ok, but to have a decreasing supply it's another story and I think that doesn't work on practice. Furthermore it's not an enough feature to be presented by a crypto currency to show importance in the market. I believe an altcoin needs much more than a deflationary characteristic to be desired by investors.

However, as boom token (first self burning crypto currency) says, it's just a social experiment yet. In the future this concept can be improved and better elaborated allied to other features which can result in a creative and innovative crypto currency.

[DarkDays]

Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless

A great example is $BNB, a solid project with a great number of supporters. Investing in deflationary tokens can benefit long term investors. Given that all fundamentals in the company's business remains constant, the token price will go up overtime due to regular token burns. Not looking at much the volatility, and looking at the historical data, $BNB has reached all time highs after every token burn.

I feel that binance is one of the few exceptions of the deflationary token system working rather than the norm here . Too many projects are trying to lure in ok investors with the deflationary token mechanics without any base fundamentals.
Burning a token without any fundamentals is burning something which never existed.

Token burning without a fundamental is exactly the issue here. Because this in reality doesn't shorten the supply the expected value driven by a round of token burning would not bring a long-term inflationary token price. If anything this will only be temporarily.

It seems to me that most project nowadays add this feature just to keep up with the trend and reap the short-term benefits this might bring, but not really projecting the real value a true token burn can entail, and this means that some investors lose big time, not to mention the deteriorated trust in the crypto system the project was built on.

[erikoy]

Those who look for shortcuts in investments usually end up in loss. In crypto you have to buy coin on time and hodl, wait for right time to sell. Deflationary coins are in initial stages n price is very low. If you are interested in this coin then buy it now.

Yes, the greedy people that can't wait any good things about their invested are always end up losing their money. Well, it is also a lesson for them to learn and that is the good thing about life. Losses should not stop us from learning about investment. Losses is part of it that can make you succeed.

Most altcoins are deflationary and if it happens that you can join or had an altcoin to which now currently grows then you are good. Chainlink is one of the altcoins that keeps growing up to the present.

[Toobusy]

The supply wont go to zero in a day or two just like last bitcoin will be mined in 2140, BOOM supply will degrade to notable level after 40 to 50 years. Lets leave that to generation of that time.

[shoreno]

I am well aware of coins with controlled inflation like BTC, where a finite number of coins will be generated at a controlled rate. Very recently I came across deflationary tokens where coins are destroyed whenever a transaction is made and they will end at some time.
My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?

Every project created with a purpose, so if you want to know exactly about the purpose of a coin, you should learn it on their website and whitepaper.
Are they worthy enough to be invested? I don't know what kind of coin that do you mean, but the first thing about the investment you should learn it by yourself, if you think untrustworthy, so skip it

he mean those coins that have the ability to burn themselves upon a transaction is triggered . i just heard on them lately , the one that i remember is boom coin but i didnt dive deep on to this coin because im not that really interested on altcoins and tokens . if these kind of coins are self burning or deflationary is that means that they can grow in price easily ? this attracts greedy people that thinks of easy money and this can be the secondary purpose of those coins ( to money grab ) if theres no primary use or purpose on why they are produce

[Toobusy]

Just like alt coins are waiting for there seasons, these deflationary coins are also waiting for there season to arrive. Right now there prices are down and good for buying. problem with new investors is that we dont buy when prices are low rather buy when prices go too high.

[vivabux]

Just like alt coins are waiting for there seasons, these deflationary coins are also waiting for there season to arrive. Right now there prices are down and good for buying. problem with new investors is that we dont buy when prices are low rather buy when prices go too high.

es, they just perverted over coins, they do it for any color and taste, everyone that only likes to lure people with some new idea, binance burns its tokens, if you want something like that, buy them

[WinterCns]

Just like alt coins are waiting for there seasons, these deflationary coins are also waiting for there season to arrive. Right now there prices are down and good for buying. problem with new investors is that we dont buy when prices are low rather buy when prices go too high.

es, they just perverted over coins, they do it for any color and taste, everyone that only likes to lure people with some new idea, binance burns its tokens, if you want something like that, buy them

Binance is no doubt a good coin thats worthy to be invested. But at the same its better to build a diverse portfolio that have multiple coins. You never now when these deflationary coins start going up. Invest few amount in them also.

[chitchat]

Its too early to say whether deflationary coins are gem or not. Right now there are huge queries regarding this concept and the team should answer all such queries as soon as possible to attract investment. else this will just another alt coin with no future.

[Galley]

Only because of one feature of the coin, which consists of burning tokens for a transaction made, it is not worth appreciating as a good asset. What's the point of this if there is nothing more behind the product. I have not seen a single deflationary token that would be appreciated. Some pretty promises.