would deflation economy give defi a boost?

[andydoc7z]

The idea behind deflation coin to be successful is 
1) The coin should be useful
2)it should have a decreasing supply -normally this is due to coins being burnt
As a result the coin values would increase over time
One such defi system  built over defi system is being developed.
I am curious to see could this become a safety mechanism in the defi space?
So I am following the following project to see how things shape

Token Name: Deflationary Finance
Token Symbol: DeFi
Initial Total Supply: 30,000
Token Characteristics: Deflationary ERC-20 Token
Website: https://deflationary.finance/
https://twitter.com/DeflationaryFin
https://t.me/deflationaryfinance
Token Contract Address:
https://etherscan.io/token/0xa73d6348fbc57913574081868175ba0028f38a47

The idea is novel and interesting

My ERC-20 address  : 0xd0c84e8aB39881b6BbEE1896fC713ed06392BCdE

[Wenbing]

The idea behind deflation coin to be successful is 
1) The coin should be useful
2)it should have a decreasing supply -normally this is due to coins being burnt
As a result the coin values would increase over time
One such defi system  built over defi system is being developed.
I am curious to see could this become a safety mechanism in the defi space?
So I am following the following project to see how things shape

Token Name: Deflationary Finance
Token Symbol: DeFi
Initial Total Supply: 30,000
Token Characteristics: Deflationary ERC-20 Token
Website: https://deflationary.finance/
https://twitter.com/DeflationaryFin
https://t.me/deflationaryfinance
Token Contract Address:
https://etherscan.io/token/0xa73d6348fbc57913574081868175ba0028f38a47

The idea is novel and interesting

My ERC-20 address  : 0xd0c84e8aB39881b6BbEE1896fC713ed06392BCdE

What's the core value Propostion of a defi crypto currency?

I know deflationary trend is not a good thing in economic science, as it decrease price.

If it's has deflation principle that shows supply of the coin will be more than the demand.

This cannot go well.

[carter34]

First, I don't know why your address is posted there. 

To your post and just like the above response, deflation is not a good economic principle for growth except it is for temporal to correct fluctuations etc. But regarding coins project that is not regulated,  I don't see how it will particularly influence it.

[Yaunfitda]

Well we have a lot of deflationary tokens that become successful, so it's no secret that this method really works. But still boils down to the project itself, you can't just used one model and then burn the tokens to looks like it is deflationary. So it's not entirely clear unless your project is really that good, sort of a game changer in the market. If not then it will be just another project buying his time in the crypto bubble and trying to get a piece of the pie, so it is still a hard sell, in my opinion.

[batang_bitcoin]

The supply isn't actually to be decreasing, it should be limited. If the supply can be decreased, then that's not going to make it a deflation token as you're just lessening the supply of it while being in the market. Just like in bitcoin, this is the most known deflation cryptocurrency.
The supply is limited and there were a lot of bitcoins that were lost forever. As for a deflation economy, if we're going to look at most governments entire economic status, no country will be into that point.

[nelson4lov]

I just checked the website and it's currently unavailable. I tried multiple browsers. I don't know if it's just me or anyone else. Since the website wasn't available, I checked the Twitter page and I don't want to sound offensive but it's just like the dozen of defi projects that currently exists already with nothing really special apart from the deflationary measures in place.

Just like ICOs, If the project doesn't have a good value proposition and only aimed at creating immediate pump effects, it wouldn't take long for people to "move on" if the defi trend changes anytime soon.

[StealthCoin1]

2)it should have a decreasing supply -normally this is due to coins being burnt

It don't seem to have real purpose, the only purpose here is this coin will disappeared in long term as supply is very little and the burnt coin over time. I would have a little hesitated to invest here.

[jrrsparkles]

You are just creating a token not a coin, and there are lot of deflationary tokens exists in the market so adding the name defi to it won't make any difference to the existing idea.No one is going to stop you from creating your own project but understand you are not creating a unique project and deflationary tokens doesn't have any utility though.

[hugeblack]

The fact that the price of the currency will increase just because you reduce the monetary mass or the total supply of the currency is not accurate because it will not happen unless the demand increases, something that will not happen in your currency.
Secondly, reducing the demand through burning leads to centralization of the currency. The first is for its currency to have the ability to mine with a higher ceiling for the currencies that can be produced.

[Mighty_crypt]

The idea behind deflation coin to be successful is 
1) The coin should be useful
2)it should have a decreasing supply -normally this is due to coins being burnt
As a result the coin values would increase over time
One such defi system  built over defi system is being developed.
I am curious to see could this become a safety mechanism in the defi space?
So I am following the following project to see how things shape

Token Name: Deflationary Finance
Token Symbol: DeFi
Initial Total Supply: 30,000
Token Characteristics: Deflationary ERC-20 Token
Website: https://deflationary.finance/
https://twitter.com/DeflationaryFin
https://t.me/deflationaryfinance
Token Contract Address:
https://etherscan.io/token/0xa73d6348fbc57913574081868175ba0028f38a47

The idea is novel and interesting

My ERC-20 address  : 0xd0c84e8aB39881b6BbEE1896fC713ed06392BCdE

I'm guessing you build this project yourself? I would go for inflation over deflation, I have my reasons, since deflation tokens came into crypto space it have shown that it really doesn't matter, it's not a must and it's not needed at all, even low max supply is nothing anymore, high value projects is what investors seek for not projects from developers that are merely looking for money or people to prey on.

[hd49728]

DeFi was boosted crazily already, wasn't it?

I don't think DeFi can change the crypto and if you spend time to make an Excel sheet for DeFi tokens. Price at first seconds on exchanges, one month, two months later, today prices, I think you can see how bad they lost in price on market.

DeFi tokens and pools to farm, yield create big inflations that will beat them down. If you make good math and choose good price as Ratimov guided, risks are still high. DeFi investors feel easy to get tokens from farming, yielding so they are more easily to be attacked with panic sells.

[DeFi Tutorial] What is Impermanent Loss?

[henmark]

Talking about that second point: coins that are having a decreasing supply due to the ones that are being burnt, I have not really understood what that is all about. Maybe it can lead to the price of the token increasing, since burning most of the tokens will leave a few and the worth of the few remaining tokens will be increasing. But after they are done burning off most of the tokens and only a few are left, so will they continue burning or what?

I just don’t get this idea because I have not really looked into it, I am mostly all about old coins and all that, hardly get the time to look at new ones.