Deflationary Tokens | Bitcointalksearch.org

Congyang

full member

Activity: 882

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Quote from: philanthropist67 on May 27, 2020, 08:46:15 AM

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 ?

basically doing deflation burning has the aim of attracting investors and increasing the price of the token. but in my opinion the most important thing is how the token roadmap is after burning. is it really possible to change the token according to the purpose or is there another plan. it should be analyzed before being in the coin for investment

masulum

legendary

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hmph..

Quote from: janak3 on September 07, 2021, 01:35:28 PM

Sir I understand and honor your point fully. You believe that if a coin doesnt have a real world use case it will be just short lived hype. But I am of the view that if a coin get success, use cases joins the coin. See BTC for instanace, it has hardly any use case associated with it in the start but as it gets success, there are things getting associated with it.

They are on a different side, Bitcoin with memes/defi altcoins with fully anonymous deflationary features. most of failed project, with unclear road map, all of them who do not have a solid plan, that why they will not provide anything. I understand, some of it get use case after the coin/token is known, like Safemoon, but, in a general context, it can be said, more deflationary coins that don't have a use-case only last a few months, after that they are gone. Because they were only in hype moment, When the team got the profits, it was over. They don't think about future plans. Of course, it's not all like this, but most of it we can see, only lasts for a while during the hype. No-plans, just offered deflationary feature will not give any impact for market and investors.

janak3

newbie

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Quote from: masulum on September 05, 2021, 10:44:57 AM

Quote from: janak3 on September 04, 2021, 12:17:48 PM

if you see behavior of deflationary tokens in current bull run, you wont be saying that. every new idea need some time for recognition and if you are not a scam and a good team is behind the project then you are deemed to success, no matter which industry you are in.

It doesn't matter whether they will bull run or not, but this is a fact you have to accept, because this token deflationary if not accompanied by a product, then it will just be a normal feature. You're talking about a legit project, of course a legit one and having a product might bring success, but please understand my comments about what kind of project. I'm talking about the hype that has happened, a lot of project with the deflationary feature, tokens such as having special features coupled with automatic staking, look more attractive before it being hyped. However, for now, this feature is a commons feature, nothing special. The more projects with the same feature, the less attractive the feature will be.

Sir I understand and honor your point fully. You believe that if a coin doesnt have a real world use case it will be just short lived hype. But I am of the view that if a coin get success, use cases joins the coin. See BTC for instanace, it has hardly any use case associated with it in the start but as it gets success, there are things getting associated with it.

alisonwonder

sr. member

Activity: 882

Merit: 251

Quote from: janak3 on September 04, 2021, 12:17:48 PM

if you see behavior of deflationary tokens in current bull run, you wont be saying that. every new idea need some time for recognition and if you are not a scam and a good team is behind the project then you are deemed to success, no matter which industry you are in.

If we are in an industry that is not well-known, we will not find success either because a good industry also needs to be seen completely and evenly so that the ideas we develop can be very useful when implemented.

masulum

legendary

Activity: 2324

Merit: 1603

hmph..

Quote from: janak3 on September 04, 2021, 12:17:48 PM

if you see behavior of deflationary tokens in current bull run, you wont be saying that. every new idea need some time for recognition and if you are not a scam and a good team is behind the project then you are deemed to success, no matter which industry you are in.

It doesn't matter whether they will bull run or not, but this is a fact you have to accept, because this token deflationary if not accompanied by a product, then it will just be a normal feature. You're talking about a legit project, of course a legit one and having a product might bring success, but please understand my comments about what kind of project. I'm talking about the hype that has happened, a lot of project with the deflationary feature, tokens such as having special features coupled with automatic staking, look more attractive before it being hyped. However, for now, this feature is a commons feature, nothing special. The more projects with the same feature, the less attractive the feature will be.

janak3

newbie

Activity: 29

Merit: 0

Quote from: masulum on August 15, 2021, 09:31:02 AM

Quote from: CrossroadBTC on August 15, 2021, 09:15:53 AM

This is the worst use case since 2018, it only lasted for a year and many already knew it's never going to work, every projects that have deflationary feature looks like a pump and dump project because they don't have any other utilities onboard than just deflation which is weird, in the end they slowly faded away

Deflationary tokens and automatic staking are become a hype few months ago, but for now, it already gone, just few meme tokens with deflationary and auto staking are survive and another already gone. And I agree with you, deflationary aren't not special offer, but this is just a common features that not making investors interested anymore. If there a newbie are thinking if deflationary features are important, maybe they are already on trap of hype in the past but just recently know about it.

if you see behavior of deflationary tokens in current bull run, you wont be saying that. every new idea need some time for recognition and if you are not a scam and a good team is behind the project then you are deemed to success, no matter which industry you are in.

Toobusy

newbie

Activity: 37

Merit: 0

Quote from: Ureung jameun on August 19, 2021, 04:20:03 PM

Quote from: philanthropist67 on May 27, 2020, 08:46:15 AM

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 ?

if there have been many examples of deflation tokens will lose price in the future then why do we invest our money into it, because it will only waste time and money if in the end we have to lose our money. invest in tokens that have a good future so that time is not wasted. because already many deflation tokens only give promises and in the end we have to accept false promises.

How can you say that investing in deflationary coin is wastage of time n money. Have you seen how well deflationary coins have performed in current bull run? See example of btc for instance, coin has spiked twice n that's what investors want. If boom is giving good return in short term. Imagine how well it will perform in long term.

Theones

full member

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There is more critics to deflationary token then appreciation, its probably because advancement in technology are mostly criticized in the start. Although its not clear how these deflationary tokens will be burned on exchanges with every transaction, we still see some deflationary tokens performing too good like BOOM. Those who are willing to take risk can invest in deflationary tokens, keep in mind that majority is still against this token.

Ureung jameun

member

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Trident Protocol | Simple «buy-hold-earn» system!

Quote from: philanthropist67 on May 27, 2020, 08:46:15 AM

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 ?

if there have been many examples of deflation tokens will lose price in the future then why do we invest our money into it, because it will only waste time and money if in the end we have to lose our money. invest in tokens that have a good future so that time is not wasted. because already many deflation tokens only give promises and in the end we have to accept false promises.

Toobusy

newbie

Activity: 37

Merit: 0

Deflationary are in very early stage and require time for recognition. If you see deflationary tokens like BOOM then its evident that they are performing very good despite so much criticism.

aemma

copper member

Activity: 966

Merit: 14

Currently, deflationary tokens don't move investors again or rightly put, it is no longer a feature which investors would see and invest in a token, although there might be few exemptions. From a good point of view, deflationary feature makes a token scares and once a token is getting scares it is meant to have more value, but over time most project team banks on this, create tokens with no use case, announce token burn, pump the price and then dump it.
Also, some projects have developed a way wherein on every transaction, a certain amount of token is burnt, but as usual, it only works if and only few the project in question have something valuable to offer.
Therefore in my opinion, don't invest in a token because it is a deflationary token, you end up losing at the end, but invest in a token because of the use case and because you have carried out your due diligence.

businessgirl

jr. member

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Standard

A deflationary token , as the name implies, is one in which tokens are gradually eliminated from the market. Tokens can be taken off the market in a variety of ways, including token buybacks and token burns by the token creators. The fundamental advantage of such thing is that they prevent the market from becoming swamped with extra tokens when more are mined, generated, or sold by the founders.

masulum

legendary

Activity: 2324

Merit: 1603

hmph..

Quote from: CrossroadBTC on August 15, 2021, 09:15:53 AM

This is the worst use case since 2018, it only lasted for a year and many already knew it's never going to work, every projects that have deflationary feature looks like a pump and dump project because they don't have any other utilities onboard than just deflation which is weird, in the end they slowly faded away

Deflationary tokens and automatic staking are become a hype few months ago, but for now, it already gone, just few meme tokens with deflationary and auto staking are survive and another already gone. And I agree with you, deflationary aren't not special offer, but this is just a common features that not making investors interested anymore. If there a newbie are thinking if deflationary features are important, maybe they are already on trap of hype in the past but just recently know about it.

CrossroadBTC

member

Activity: 182

Merit: 14

This is the worst use case since 2018, it only lasted for a year and many already knew it's never going to work, every projects that have deflationary feature looks like a pump and dump project because they don't have any other utilities onboard than just deflation which is weird, in the end they slowly faded away

labenea

jr. member

Activity: 327

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The Standard Protocol - Solving Inflation

Those who learn the art of buying at right time and HODLing wins every trade. These deflationary coins are in there very initial stages and thats the primary reason there prices are low. With time the dev team will learn what spice is missing to take them to moon. If you are buying deflationary coins right now, then forget them for 2 to 3 years.

Toobusy

newbie

Activity: 37

Merit: 0

Quote from: lizarder on August 11, 2021, 02:55:16 AM

Quote from: philanthropist67 on May 27, 2020, 08:46:15 AM

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 ?

Generally people create coins for financial gain, either jointly with a team or individually, but in the post you made this is an affiliation between coins playing in the market, meaning the coins are used as sacrifices to collect others.

I see this condition as a pattern to balance the desired coin, if we talk about worthy or not, this goes back to our level of trust in the coin, Dogecoin at that time was also not wanted, but what happened was that Doge was able to prove very worthy for us to invest.

I totally agree with your point that doge gained popularity with time. Same may also be applied on deflationary tokens, they are at very early stage and only time will tell whats there exact worth.

Rimueng

member

Activity: 380

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Axioma Holding - Axioma Pay Crypto Card

All deflation tokens are based on Hype, people think that investing in them will get them richer fast since there supply gets shrinker every time but honestly no use cases for this project, the only deflation token that works is BOMB and after it's success many copycats rise up

LongStand

member

Activity: 154

Merit: 10

On the blockchain, deflationary tokens are fast gaining popularity. If the entire circulating quantity of a token is constantly being reduced to a predetermined level. It is then referred to as a deflationary token. Inflation, on the other hand, increases the token's circulating supply.

lizarder

hero member

Activity: 1666

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Quote from: philanthropist67 on May 27, 2020, 08:46:15 AM

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 ?

Generally people create coins for financial gain, either jointly with a team or individually, but in the post you made this is an affiliation between coins playing in the market, meaning the coins are used as sacrifices to collect others.

I see this condition as a pattern to balance the desired coin, if we talk about worthy or not, this goes back to our level of trust in the coin, Dogecoin at that time was also not wanted, but what happened was that Doge was able to prove very worthy for us to invest.

Toobusy

newbie

Activity: 37

Merit: 0

Quote from: Devifajarina on August 02, 2021, 03:00:51 AM

Quote from: philanthropist67 on May 27, 2020, 08:46:15 AM

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 ?

New coins usually have the greatest degree of weakness, the habit of issuing new coins to weaken other coins, this is proven the more coins the more chaotic the market, on the one hand the emergence of new coins can provide an alternative for people to invest, considering the top 15 coins are very expensive to buy. bought.

But the weakness of new coins usually does not have good prospects for the first 1 year, so many people are not interested in investing, if asked whether they are worth investing in or not, it goes back to each person.

If according to good market analysis and development, I think it is worth investing in, this requires knowledge to know whether the coin is good or not, if we are able to see market conditions and have good analysis, then investment habits will be perfect. .

Not all coins are gold same way not all coins are scam. There are many good deflationary coins that have given good return to there investors. You can success story of BOOM.

Topic: Deflationary Tokens (Read 3802 times)