Deflationary Tokens - page 12. | Bitcointalksearch.org

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: ?? on ??

They use to but not anymore as today, the deflationary token/coin is just a secondary option. Projects focus on the real use case instead of that. Only a few die-hard supporters hold or invest in those kinds of coin/token so you should make sure you are not someone's exit point.

Exactly. What matters is not the total supply of the coin, but rather its use cases in the mainstream world. There are many coins and tokens out there with a deflationary model, only to experience a decline in demand because of their lack of real world usage. Bitcoin is the only exception, as it's not only a deflationary cryptocurrency, but also useful for people in the mainstream world. It's the one of the most actively developed cryptocurrencies in the Blockchain space right now. If you want to invest into good deflationary tokens, you need to look for those that are active in development and innovation with real usability. Otherwise, you'd be wasting your time.

Remember, one doesn't necessarily need to "hunt" for deflationary tokens if others with a undefined supply are doing well on the market. Consider Ethereum which is an inflationary cryptocurrency that has been quite successful over the years. It went from being worth pennies to hundreds of dollars (USD) in just a few years since inception. If you choose your coins or tokens right, your investment could be worth a ton of money in the future. It's all a matter of choosing the right coins or tokens with constant development and real use cases for the mainstream world. Just my opinion

TooLate1

newbie

Activity: 36

Merit: 0

The Deflationary concept is fairly new in the market that's why not many are taking it seriously. If you closely analyze these Deflationary tokens, one thing is evident that there are many silent HODLERS of these coins who have invested money and waiting for the rise of these coins. Who knows how many of them are whales.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Cheesus on August 01, 2020, 02:21:24 PM

Last year, I was witnessed by many deflationary crypto coins, but right now, I don't see anyone doing good, many projects already scammed, many are dead. Because the idea was bullshit to me. There was no use cases, no future vision on those coins, so they have gone for better! I would suggest you don't invest such self-killing currency, I am regretting by investing in Blockburn though they moved from their Deflationary model!

If you encounter a deflationary token with no use case but there is a promise of increase its price due to decreasing its total supply, don't be tempted to buy.
Because decreasing its supply alone will not guarantee its price increase.
Only the dev team will benefit from it. One should have strong use case to deliver a strong market.
So nope, not all deflationary tokens are worth buying. Most of them are crap tokens trying to rekt buyers.

BChydro

hero member

Activity: 1426

Merit: 506

Quote from: philanthropist67 on May 27, 2020, 07:46:15 AM

My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?

The only purpose is to have an increased price, the major thing you need to understand with these deflationary tokens in the market is that they developers will be holding a ton of premine coins and if the project catches on the valuation will be shown, if not be careful as you will never know when it will doom as well.

Cheesus

sr. member

Activity: 692

Merit: 254

terra-credit.com

Last year, I was witnessed by many deflationary crypto coins, but right now, I don't see anyone doing good, many projects already scammed, many are dead. Because the idea was bullshit to me. There was no use cases, no future vision on those coins, so they have gone for better! I would suggest you don't invest such self-killing currency, I am regretting by investing in Blockburn though they moved from their Deflationary model!

PochJvb

jr. member

Activity: 72

Merit: 3

Quote from: EscTel on July 25, 2020, 01:04:58 PM

Boom token now is valued with highest marketcap among all deflationary token projects. You can check the details here on this link. https://etherscan.io/tokens/label/deflationary-token

Seeing this list, there are many investors who are still holding this coin. This may be another sleeping coin which may explode on any bright day. Remember BTC is above 11k and alt coins may join this party any time.

pritchathenexttrader

jr. member

Activity: 114

Merit: 1

Quote from: SamaBB on July 27, 2020, 01:32:11 PM

Quote from: EscTel on July 25, 2020, 01:04:58 PM

Boom token now is valued with highest marketcap among all deflationary token projects. You can check the details here on this link. https://etherscan.io/tokens/label/deflationary-token

Market cap of 1.3 million USD is good enough to keep this token in the race. I am sure that rally for deflationary token is yet to come. Its good to buy and HODL BOOM at current price.

We need to see more people in this project if we want to see this project successful and its possible only by building a strong community. BOOM may be at no 1 but there are other Deflationary coins that have more HOLDERS.

SamaBB

newbie

Activity: 37

Merit: 0

Quote from: EscTel on July 25, 2020, 01:04:58 PM

Boom token now is valued with highest marketcap among all deflationary token projects. You can check the details here on this link. https://etherscan.io/tokens/label/deflationary-token

Market cap of 1.3 million USD is good enough to keep this token in the race. I am sure that rally for deflationary token is yet to come. Its good to buy and HODL BOOM at current price.

EscTel

newbie

Activity: 36

Merit: 0

Boom token now is valued with highest marketcap among all deflationary token projects. You can check the details here on this link. https://etherscan.io/tokens/label/deflationary-token

pinko5

newbie

Activity: 46

Merit: 0

Quote from: Deeshawn on July 20, 2020, 11:16:58 AM

I don't believe in deflationary future, new project keeps creating their foundation on deflationary probably because of the huge acceptance from the cryptocurrency community with the pump from the likes of Void, but am not sure there is any promising future for deflationary tokens, so is better u stay clear them.

I think we are not clear about anything in crypto, things can take wild swing any time. We cant say with confidence that deflationary coins have no future, may be they are on moon the other day. Who knows!!!

jimjam1

newbie

Activity: 45

Merit: 0

There is great opposition about deflationary coins but we still cant rule out the possibility that they wont have any future. I see them as a token that have great future in day trading and I am slowly accumulating them.

Deeshawn

jr. member

Activity: 221

Merit: 1

I don't believe in deflationary future, new project keeps creating their foundation on deflationary probably because of the huge acceptance from the cryptocurrency community with the pump from the likes of Void, but am not sure there is any promising future for deflationary tokens, so is better u stay clear them.

Sourhearrt

member

Activity: 166

Merit: 12

Quote from: Odebowa on May 27, 2020, 01:27:05 PM

A deflationary token is one where tokens are removed from the market over time. Tokens can be removed from the market via a variety of methods including token buy-backs and token burns from the token creators.

The main issue that deflationary tokens present is that they will often be seen as a security in the eyes of regulators. This is because the deflationary mechanisms used to buy the tokens back from the market are generally dependent on the success of the company and if the company performs well, more tokens can be bought from the market which will often improve the health of the ecosystem, and if the company does poorly, they will not have the resources to buy as much off the market leading to an excess supply and often times, and unhealthy ecosystem. Because of this direct relationship between the success of the company and the health of the token ecosystem, these deflationary tokens will almost always be classified as a security.

In some cases they are ok to invest in. But let say 50/50

Oh boy, you need a lot to learn newbie, your points are so confusing, deflation tokens are self destructing cryptocurrencies that burns token equal to 1% of each transaction on the network, saying deflation tokens are token that are removed from market is nonsense, please improve, buying back of tokens have nothing to do with deflation tokens, they are both different things entirely

New_order

member

Activity: 238

Merit: 15

Deflation is rubbish, scarcity of tokens either through daily burning or monthly burning doesn't make deflation tokens better, if a project has no real use case it will never perform good for long term, deflation tokens are base on scarcity HYPE and that's all they have to offer

kensaii

full member

Activity: 396

Merit: 106

No, it has been long gone and doesn't really worth for crypto focus only on try how to controlled inflation aka deflationary tokens. Controlled inflation only a secondary feature while use case, leading innovation, widely use as payment are the main selling point for crypto.

jahepahit

member

Activity: 866

Merit: 10

It's just for an experiment sake and then it began to pick up from there. It's not for Investment but only for quick profit making. In real life it won't work and won't solve any problem.

slashz9

full member

Activity: 1554

Merit: 101

I think they are trying to make a new way to attract people's attention, I don't know what the total amount of the supply is and how many tokens are burned after each transaction. the exact purpose is unknown.

VIP BTC

member

Activity: 375

Merit: 10

Quote from: DarkDays on June 26, 2020, 04:43:34 AM

Quote from: VIP BTC on June 25, 2020, 04:52:50 PM

Quote from: philanthropist67 on May 27, 2020, 07:46:15 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 ?

I think this is an option for those who create coins with high supplay, so they cannot control the circulation of coins properly due to the high amount. And make prices worse. If they reduce the number of coins, this will improve the price of the coin for the better. As long as they are still developing the system in any way, the coins are worth investing.

I think you are overlooking the fact that it does not matter what your deflation rate is, if your coin is worth nothing, then no matter what you burn or deflate from it, it would stay worth nothing. You'd just be piggybacking on the investments made by early investors and artificially boosting the prices, which would not mean anything. It beats the purpose of having a "cryptocurrency" in the first place. This is a very subversive tactic used by corporates, and unfortunately most of us crypto lovers cannot wrap our heads around the subject and celebrate and crave deflationary tokens and coins without even understanding the repercussions.

These tokens are mostly just ticking time bombs that will explode in the face of noob investors eventually.

I have already explained that the coins would be worth investing if they were still developing their system. That is, they not only reduce the number of supplay, but there is something new that they are developing. Let's say they develop a mass payment system, or they work with large companies like Amazon or others.

pinko5

newbie

Activity: 46

Merit: 0

Quote from: ?? on ??

Quote from: Nesbee2 on July 15, 2020, 03:00:26 PM

Deflationary token or project would have been a good one for investment , the only problem i have seen with these kind of projects is that alot of developers now claim to create deflationary token with a bad intention of scamming investors who prefer to invest in these projects. Apart from that i am not seeing any problem with deflationary token.

I think this is true for all coins not just for deflationary coins. BOOM is already listed on so many exchanges and is getting decent revenue on daily basis, thats why I am interested in this coin.

Its not an ordinary coin as its listed on 9 different exchanges. Seems to me a very strong coin. Not many coins have the opportunity to get themselves listed on so many exchanges.

Nesbee2

jr. member

Activity: 840

Merit: 3

Deflationary token or project would have been a good one for investment , the only problem i have seen with these kind of projects is that alot of developers now claim to create deflationary token with a bad intention of scamming investors who prefer to invest in these projects. Apart from that i am not seeing any problem with deflationary token.

Topic: Deflationary Tokens - page 12. (Read 3816 times)