Kehindem
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Activity: 199
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June 06, 2021, 08:30:15 PM |
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This are token that are used to increase value of a project token, but most time they are burn, but I don't really like, one need to invest in it.
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RankerCan
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Activity: 148
Merit: 11
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June 10, 2021, 06:42:48 PM |
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Deflationariy tokens will have their place especially in times where w are looking at potential inflation numbers that can almost be as high as they never have been before. Or maybe not as high as we have seen in the past, but definitely inflation numbers that could be close to historical highs.
Deflationary coins start with maximum supply and they will go down in numbers after few years. We need to buy them now and wait with patience if we really trust these tokens.
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DrBeer
Legendary
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Activity: 3794
Merit: 1956
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June 27, 2021, 08:18:43 PM |
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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 ?
As for me, a rather specific concept. If you do not touch on some other "features", a key feature, it is also a disadvantage - a decrease in the money supply, which, with a noticeable volume of "burned" tokens, can lead to a forced increase in the price of objects that are sold for this cryptocurrency, due to immutability (and possibly and growth) mouth guard, and a decrease in available funds.
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| . ..HIRE US.. | | │ |
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azadm1
Newbie
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Activity: 48
Merit: 0
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June 30, 2021, 05:11:17 PM |
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These coins may be good for one time spike but in the long run will they survive like other successful altcoins? They don't have any use case other then just burning the tokens in every transaction.
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ChinkoCharlie
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Activity: 41
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July 01, 2021, 05:21:55 PM |
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These coins may be good for one time spike but in the long run will they survive like other successful altcoins? They don't have any use case other then just burning the tokens in every transaction.
This use case dilemma has refrained many from investing into many useful coins. Use your own brain to see whether a coin is worthy to be invested or not. There are many factors that make a coin eligible for investment apart from use cases.
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Billo_
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Activity: 238
Merit: 15
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July 01, 2021, 11:27:28 PM |
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My best deflationary tokens are Bitcoin (limited to 21 Million) and Avalanche (limited to 720 Million). Bitcoin is known as digital gold and will be very popular at America. Avalanche has a great technology and will be very polular at DeFi.
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XinZang
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Activity: 41
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July 05, 2021, 05:22:42 PM |
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My best deflationary tokens are Bitcoin (limited to 21 Million) and Avalanche (limited to 720 Million). Bitcoin is known as digital gold and will be very popular at America. Avalanche has a great technology and will be very polular at DeFi.
bitcoin is not deflationary rather it has controlled inflation policy. If you are building a portfolio then its good to add some deflationary token in your portfolio.
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Camelcoin
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Activity: 14
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July 06, 2021, 04:36:33 PM |
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Deflationary coins are catching up at quite good pace. Lets see how long they will take to come to main line coins, I am very much sure they will join the party very soon.
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Jaered
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Activity: 840
Merit: 4
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July 06, 2021, 06:08:17 PM |
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I know one, 100x coin. Its not doing body and its owned by a doxxed crypto KOL. So everything seems legit and above board
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pritchathenexttrader
Jr. Member
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Activity: 114
Merit: 1
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July 07, 2021, 03:27:32 PM |
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I know one, 100x coin. Its not doing body and its owned by a doxxed crypto KOL. So everything seems legit and above board
100x coin with price of $0.00000001634. Its nothing but just a shit coin. Try some decent coin to get some good return in near future. Dont go after cheap coins.
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Xinarae*
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July 07, 2021, 03:34:12 PM |
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I know one, 100x coin. Its not doing body and its owned by a doxxed crypto KOL. So everything seems legit and above board
100x coin with price of $0.00000001634. Its nothing but just a shit coin. Try some decent coin to get some good return in near future. Dont go after cheap coins. The demand for these currencies in the market is very low and it is very difficult to predict their future so no one can guarantee how valid the investment is. That is why it is better to stay away from these coins you can choose from 10 currencies at the top of the list.
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typerex987
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Activity: 266
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July 07, 2021, 03:57:17 PM |
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i took a look at DEED's tokenomics (deedy.digital) and it seems to me they will make a moonshot in the future. it goes without saying that no one knows for sure, but personally, looks veeery promising.
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Coroline
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July 07, 2021, 06:48:31 PM |
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My best deflationary tokens are Bitcoin (limited to 21 Million) and Avalanche (limited to 720 Million). Bitcoin is known as digital gold and will be very popular at America. Avalanche has a great technology and will be very polular at DeFi.
bitcoin is not deflationary rather it has controlled inflation policy. If you are building a portfolio then its good to add some deflationary token in your portfolio. Bitcoin is different, in that its supply is limited. Indeed it causes monetary deflation, but the impact is predictable through a blockchain that displays all data from start to finish and in realtime, open and transparent. Prices of goods and services in the “Bitcoin economy” will naturally fall due to competition and innovation. A deflationary spiral will not occur, because Bitcoin does not come from issuing new debt. Even the “interest/return” rate will adjust, until a balance is reached. This has already happened when gold was the standard of world currency exchange rates. Prices of goods and services fluctuate according to demand, without artificially increasing or decreasing the money supply by the central bank.
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langoot
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Activity: 46
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July 08, 2021, 04:42:55 PM |
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The demand for these currencies in the market is very low and it is very difficult to predict their future so no one can guarantee how valid the investment is. That is why it is better to stay away from these coins you can choose from 10 currencies at the top of the list.
If you have some extra cash then its better to invest this coin in some good deflationary coins like BOOM. It has very recently jumped 400% in one single day. Its just my opinion.
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SamaBB
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July 09, 2021, 04:53:20 PM |
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Bitcoin is different, in that its supply is limited. Indeed it causes monetary deflation, but the impact is predictable through a blockchain that displays all data from start to finish and in realtime, open and transparent. Prices of goods and services in the “Bitcoin economy” will naturally fall due to competition and innovation.
A deflationary spiral will not occur, because Bitcoin does not come from issuing new debt. Even the “interest/return” rate will adjust, until a balance is reached. This has already happened when gold was the standard of world currency exchange rates. Prices of goods and services fluctuate according to demand, without artificially increasing or decreasing the money supply by the central bank.
bitcoin is the king of crypto, no coin till date has come even closer to that. deflationary coins have there own importance and can be considered for investment. Right now they are down and can be added to list for future consideration.
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FinneysTrueVision
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July 09, 2021, 06:24:02 PM |
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Most new tokens have implemented similar deflationary mechanisms. They start out with a huge supply that gets gradually decreased. The purpose is to increase it's value by making it more scarce. This mainly seems to benefit early investors. I feel that by focusing so much on boosting price they will discourage adoption because people will not want to buy a coin that is too expensive. A lot of platforms that have their own token will charge a fee and then burn these coins. To me I would rather see them reduce fees or redistribute them to stakeholders instead of burning money that was used to pay for a service. Having lower fees would incentivize adoption and naturally increase the price.
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SamaBB
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July 10, 2021, 04:07:44 PM |
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If there price is too high then people wont mind paying for the fee that is cheap as compared to price and profit. Deflationary tokens start with huge price and supply, will take some time to climb high in price.
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Anonymous193
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Activity: 50
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July 16, 2021, 04:35:47 PM |
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alt coin season is coming very soon as BTC is still standing firmly above 30k. If you dont have deflationary token in your portfolio add them before things get too expensive.
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KngrKhna
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Activity: 48
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July 25, 2021, 04:12:51 PM |
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Deflationary tokens are doing too good in current bull run. Many have made fortune with coins like BOOM. DYOR before you invest your hard earned money in deflationary tokens.
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Benefactor
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July 25, 2021, 06:36:58 PM |
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It sounds great on paper however when you truly consider everything, that model isn't economical over the long haul. Consuming can't go on always on the grounds that they can't stand to have a zero stockpile. I haven't discovered a flattening token where coins are annihilated each time an exchange is made, so on the off chance that I may realize what is that token. The engineers thought this will make a shortage in the market subsequently bringing about expansion in the cost of the token.
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