Topic: Deflationary Tokens - page 13. (Read 3834 times)
I don't agree with people who say deflationary tokens are not worthy of investment. We have seen all categories have gone up at least ones and BOOM and other Deflationary Tokens have yet to see such bullish run. just wait for few more months.
This is true that haste makes waste and its well suited for the crypto market.
But we have also seen that many coins are not given any importance in there early days because of there new and innovative ideas. Once they start moving up, everyone start jumping in, and its too late by then. Will that be true for BOOM also?
But we have also seen that many coins are not given any importance in there early days because of there new and innovative ideas. Once they start moving up, everyone start jumping in, and its too late by then. Will that be true for BOOM also?
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
The bubble has long burst for deflationary tokens. While it was good when it lasted, deflationary tokens and projects weren't designed in such a way that they can last the test of time in the industry. While some of them did very well, some have continued to struggle leading to their complete phasing out. Several deflationary projects that were developed during this period neither had any use case or future. They tailored on the success of Bomb token hence they died a natural death when things got stuck and couldn't continue. Today, most of those projects are no where to be seen, they were all shortlived.
I can remember vividly when BOMB 💣 token launched, they got paid reviews from some crypto influencers and boom price skyrocketed. So many scam projects with no concise aim followed suite, all in the name of deflationary tokens which is somewhat baseless. Most will launch, list on fork delta and then few shitty exchanges which collect fee project tokens for listing. Funny how all disappeared in tin air, now dead projects.
I have nothing against deflation use case but too many projects use this use case to create hype that price will keep surging since the max supply will always get smaller over time, they have no other usefulness that this which makes deflationary projects looks stupid
We have now very mature investors that are not willing to invest in every new project. If you look at BOOM statistics, you will get to know it's still getting a decent turnover daily. This means game is still ON for this coin atleast.
Deflationary tokens are just created for the purpose of testing the feature and nothing else to do for profits or trading purpose, Imo. So, if anyone want to buy and hodl for some profits than it might not work for all time because it's not 100% sure that token price will be increased because of the decreasing of total supply. Like others "Bomb Token" is one of those deflationay token and also make some hype in this sectors. So, it's not the ending of deflationary tokens and we might see more projects on this sector in the upcoming days.
I have nothing against deflation use case but too many projects use this use case to create hype that price will keep surging since the max supply will always get smaller over time, they have no other usefulness that this which makes deflationary projects looks stupid
I think deflationary tokens era isn't over because the use case hasn't been used professionally by good developers, just take a minute to do research on many dead deflation tokens you will see that the only one they focus on is the deflation feature, no other good use case implemented in the projects
I may differ a bit. I think the era of deflationary coins is yet to start. It's too early to say that they won't go up, only time will tell. To me, these are sleeping coins and they may explode at any time. I can have a safe bet of deflationary coins.
The era of deflationary tokens are past. I remember when deflationary tokens was the big thing and people were basically holding them simply because of the fact that the tokens had a rapid increase in value. There was basically no use case for all the deflationary tokens I read about. I knew it was just a bubble and won't stand the test of time. I still hold some deflationary tokens, but they are as good as worthless.
The bubble has long burst for deflationary tokens. While it was good when it lasted, deflationary tokens and projects weren't designed in such a way that they can last the test of time in the industry. While some of them did very well, some have continued to struggle leading to their complete phasing out. Several deflationary projects that were developed during this period neither had any use case or future. They tailored on the success of Bomb token hence they died a natural death when things got stuck and couldn't continue. Today, most of those projects are no where to be seen, they were all shortlived.
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 ?
Only speculative purposes to swallow your hard earned money. When you are not sure about the purpose of creating such tokens/coins then question of considering about its worthiness to invest not at all making any sense in my opinion. These tokens/coin is not ticking the very first criteria then there would be no need of going further to analyze them for the reason of investing with them. It is just multiplying your risk levels rather than your analysis must work in a way to eliminate the risks as much as possible.My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
I remember there was another topic about devs' plan on burning tokens on periodic manner and in that discussion this forum members have concluded like burning tokens cannot be a progressive action toward the development of the project. So, creating artificial deflation should not be encouraged. You must ignore the projects which are having "destroying" plans.
You have great analysis. But I slightly differ from you that since deflationary coins are more volatile than traditional crypto, its good to keep some space reserved for them for long run. Every coin has a day and you don't know at the day for BOOM.
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 ?
Only speculative purposes to swallow your hard earned money. When you are not sure about the purpose of creating such tokens/coins then question of considering about its worthiness to invest not at all making any sense in my opinion. These tokens/coin is not ticking the very first criteria then there would be no need of going further to analyze them for the reason of investing with them. It is just multiplying your risk levels rather than your analysis must work in a way to eliminate the risks as much as possible.My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
I remember there was another topic about devs' plan on burning tokens on periodic manner and in that discussion this forum members have concluded like burning tokens cannot be a progressive action toward the development of the project. So, creating artificial deflation should not be encouraged. You must ignore the projects which are having "destroying" plans.
We need to carefully do research before we made our mind in investing in any altcoin. Today's crypto market is overloaded with altcoins and there is immense competition. Deflationary token's idea is innovative and I don't think it's wise to ignore this emerging coin.
Going through the thread I realized that there is mixed opinion about the deflationary tokens. The concept is attractive yet new to be absorbed instantly by the investors. Just keep an eye on its volume and price, it may shoot someday.
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 ?
Maybe the team has a separate goal that we never knew, but so far I haven't found a deflation token where coins are destroyed every time a transaction is made, so if I may know what is that token?My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
that's also true because every action has a purpose, but without knowing the name of the token we can't analyze it further, to find out the truth about the token that the PM talked about
That may be true but this doesn't mean that there is no chance for a deflationary token to go up. initially, BTC also has only one purpose i.e. to transfer funds, and nowadays any altcoin with the only use case of payment method is not welcomed. Likewise deflationary is a new concept and will take time to digest.
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 ?
Maybe the team has a separate goal that we never knew, but so far I haven't found a deflation token where coins are destroyed every time a transaction is made, so if I may know what is that token?My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
that's also true because every action has a purpose, but without knowing the name of the token we can't analyze it further, to find out the truth about the token that the PM talked about
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 the concept is good but new coins even with deflationary model are not worthy to invest because they have literally no or very low transaction volume so it will take years to see some deflationary effect.My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
I will only suggest if btc and eth network upgrades and applies this model because both these networks have huge huge amount of daily transactions and this model will really work and investors will be massively attracted because profit will be almost guaranteed with this model, if implemented on the biggest used blockchains.
If you see statistics of BOOM at CMC they are not very bad https://coinmarketcap.com/currencies/boom/ . With this volume, there is fair chance for deflationary coins to go up in days to come. Just keep your eye open, every coin has a day.
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 the concept is good but new coins even with deflationary model are not worthy to invest because they have literally no or very low transaction volume so it will take years to see some deflationary effect.My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?
I will only suggest if btc and eth network upgrades and applies this model because both these networks have huge huge amount of daily transactions and this model will really work and investors will be massively attracted because profit will be almost guaranteed with this model, if implemented on the biggest used blockchains.
There's only one deflationary coin that will have a future tho, and that is BOMB token. It has the first mover advantage, and the team is working on it now and then, so in the long term it will be interesting to see where it goes. I have like 100 of them and I'll keep them there for a few years as an experiment, and see what happens.
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