Deflationary Tokens - page 15. | Bitcointalksearch.org

patz22

full member

Activity: 1176

Merit: 104

Quote from: masterrex on June 25, 2020, 03:50:03 AM

I think it has no real purpose at all. but just like a pump and dump scheme, just like the Bomb deflationary token. Like any other deflationary token after all of its supply was burn it will be gone. but sometimes it will depend on the deflation design of any particular project. sometimes they have limit a small portion of that circulating supply to be permanent circulation in the platform.

Indeed! I do believe that this deflationary token is just like a hype as far as I can remember it happened sometime last year but most of them are just airdrop but this time is different, but let us see if this would be the best thing that will happen this year.

masterrex

full member

Activity: 1820

Merit: 107

I think it has no real purpose at all. but just like a pump and dump scheme, just like the Bomb deflationary token. Like any other deflationary token after all of its supply was burn it will be gone. but sometimes it will depend on the deflation design of any particular project. sometimes they have limit a small portion of that circulating supply to be permanent circulation in the platform.

Mighty_crypt

member

Activity: 784

Merit: 21

I'm against this use case called deflation, what's the use of a project if all tokens supply got burnt out? It's more like a pyramid scheme to me, the early adopters will be the lucky ones that's if the project works out, the more the max supply keeps shrinking the higher the price will go but honestly apart from bomb token all the rest aren't doing so well, they have no volume

cryptoknightt

sr. member

Activity: 1188

Merit: 251

maybe the goal is the less total supply, the price will increase because demand will continue but the number of tokens will continue to decline.
even then, if indeed their tokens are in demand or someone makes transactions every day and continues to grow.
otherwise it's the same as reducing the volume of the token because the number will continue to decrease since the token was released.

HunterUnchained

jr. member

Activity: 182

Merit: 1

The bubble is long burst with this one and I think its high time everyone recognises this and move on or risk getting caught between the Cross fire thus, losing funds. It was well worth the hype while it lasted. People need to understand that most of these deflationary tokens and projects have almost nothing to offer aside token burning rate and hype. Some of these projects did really well when the hype was the highest and people cashed in big but recently, they have been found out and people are leaving in droves and this has only led to their demise or diminishing interests.

Galley

member

Activity: 1274

Merit: 14

When the next project has absolutely nothing to offer good, they suggest burning tokens. And why to do this, why, as it were, to increase the value of coins, if they already cost nothing and no one needs. Why create what will be burned. I do not understand this principle.

anknok

newbie

Activity: 37

Merit: 0

Quote from: HankePoster on June 16, 2020, 01:50:39 PM

Quote from: Dariusburst on June 14, 2020, 10:13:10 AM

No one has interest in deflation tokens because they have no good use case apart from reducing max supply over time through burning process, I will only invest if they have better use case thus with deflation feature too

I think you have to revisit your opinion after seeing the following stats

https://coinmarketcap.com/currencies/boom/

Despite so much criticism, this coin is doing good as per these stats. I think its a matter of time before we start seeing more capital flowing into this coin.

HankePoster

jr. member

Activity: 42

Merit: 1

Quote from: dhemasm on June 16, 2020, 02:01:55 PM

Quote from: HankePoster on June 16, 2020, 01:50:39 PM

I think you have to revisit your opinion after seeing the following stats

https://coinmarketcap.com/currencies/boom/

Hmm Interesting, Good volume and marketcap too for something like this but looks like the ROI was really bad since deflationary token was supposed to make the price was stable by reducing the supply for every transaction it's not it? Well still curious if there an real use case token that have this scheme.

I think its good to keep them in your portfolio. So far there only use case is that they are burned in every transaction. With time more use cases will pop up. Lets wait for a while

dhemasm

full member

Activity: 1829

Merit: 134

Moderator

Quote from: HankePoster on June 16, 2020, 01:50:39 PM

I think you have to revisit your opinion after seeing the following stats

https://coinmarketcap.com/currencies/boom/

Hmm Interesting, Good volume and marketcap too for something like this but looks like the ROI was really bad since deflationary token was supposed to make the price was stable by reducing the supply for every transaction it's not it? Well still curious if there an real use case token that have this scheme.

HankePoster

jr. member

Activity: 42

Merit: 1

Quote from: Dariusburst on June 14, 2020, 10:13:10 AM

No one has interest in deflation tokens because they have no good use case apart from reducing max supply over time through burning process, I will only invest if they have better use case thus with deflation feature too

I think you have to revisit your opinion after seeing the following stats

https://coinmarketcap.com/currencies/boom/

doctor877

full member

Activity: 896

Merit: 115

The deflationary system has expired or gone low. It all started as an experiment and different types was made. But no real project has used this system for it's token. Token burning by transfer everytime isn't a good plan for anything that wants to last long.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

I am never in support of deflation, inflation is good for adoption of a project, the most important thing is that the inflation should not be out of control, just like that of Bitcoin, this is the difference between Bitcoin and Ripple, deflation on the other hand discourages adoption because it would be centralised in the hands of the early adopters, this is why countries are more worried about deflation than inflation

dhemasm

full member

Activity: 1829

Merit: 134

Moderator

Not really sure about the real purpose though but it's the main things was every transaction was making the token reduced and burned right and making the price was more stable? So basically it's mainly driven on community and not really sure about an real case too, Besides if that token have another main purpose like payment tool on some platform. Not really sure too, Did you guys have good example on deflationary scheme but also have an real purpose?

Dariusburst

member

Activity: 182

Merit: 10

No one has interest in deflation tokens because they have no good use case apart from reducing max supply over time through burning process, I will only invest if they have better use case thus with deflation feature too

HankePoster

jr. member

Activity: 42

Merit: 1

Quote from: ?? on ??

Quote from: HankePoster on June 06, 2020, 09:19:55 PM

No token can have the price only in an upward direction, price swing are an integral part of any coin. Deflationary Tokens prices are low and it's good to buy coins at cheap rates. The problem is we find too many anomalies in coin when its at a low price and start buying when it goes up.

If there are tokens that always move only in the upward direction, then everyone will get rich quickly, especially traders and investors who buy in large quantities, normally the tokens that already have good or expensive value at this time are tokens that used to be also cheap, there are no tokens that are expensive when born.

Thats what I am saying. Deflationary tokens are cheap today and their future is yet to come. Why not reserve some space for them in our portfolio rather than buying them tomorrow when they are bullish.

popeye95

full member

Activity: 398

Merit: 100

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 ?

What's the point of token burn every time a transaction made? How anyone thinks to combat and reduces inflation by tying it to number of transactions is beyond me. How about it someone drive up inflation by keep making transaction? Does that sound right? Though I don't know much detail on this coin but from my points, it's not really worth.

[email protected]

full member

Activity: 1120

Merit: 101

Quote from: Buttercup123 on June 07, 2020, 01:41:47 AM

Quote from: vlast01 on June 07, 2020, 01:39:13 AM

Quote from: Pecunia non olet on May 28, 2020, 01:45:36 PM

For me it is a pure buzzword for those who want easy money. Deflationary tokens should be for very long term hodl because the price of each coin should grow in the future, but the problem is with how you ensure the trust for a long time for the token?

Some new token take coins burning to extreme and cause their token supply to shrink over time. This should make these coin very valuable. But it's not they just ultimately burning a lot of tokens and doesn't make any promises about when the token supply will be depleted.

Deflationary token actually reduce or burn supply over time, the rationale being that since supply is decreasing constantly, the scarcity should rise thus increasing the value of the remaining tokens. However, deflationary currencies are yet to prove their worth. Almost all deflationary token is lack of proper use cases and adoption, illiquidity, not being listed on well-known trusted exchanges and lack of tokens burning on centralized exchanges .

if I'm not mistaken, BNB also uses this method in planning BNB tokens for a certain period. but overall, when supply begins to decrease it must be balanced with renewal to increase demand based on the use-value of the coin.

Buttercup123

full member

Activity: 455

Merit: 106

Quote from: vlast01 on June 07, 2020, 01:39:13 AM

Quote from: Pecunia non olet on May 28, 2020, 01:45:36 PM

For me it is a pure buzzword for those who want easy money. Deflationary tokens should be for very long term hodl because the price of each coin should grow in the future, but the problem is with how you ensure the trust for a long time for the token?

Some new token take coins burning to extreme and cause their token supply to shrink over time. This should make these coin very valuable. But it's not they just ultimately burning a lot of tokens and doesn't make any promises about when the token supply will be depleted.

Deflationary token actually reduce or burn supply over time, the rationale being that since supply is decreasing constantly, the scarcity should rise thus increasing the value of the remaining tokens. However, deflationary currencies are yet to prove their worth. Almost all deflationary token is lack of proper use cases and adoption, illiquidity, not being listed on well-known trusted exchanges and lack of tokens burning on centralized exchanges .

vlast01

full member

Activity: 364

Merit: 105

Dolphins Finance TRUSTED FINANCE

Quote from: Pecunia non olet on May 28, 2020, 01:45:36 PM

For me it is a pure buzzword for those who want easy money. Deflationary tokens should be for very long term hodl because the price of each coin should grow in the future, but the problem is with how you ensure the trust for a long time for the token?

Some new token take coins burning to extreme and cause their token supply to shrink over time. This should make these coin very valuable. But it's not they just ultimately burning a lot of tokens and doesn't make any promises about when the token supply will be depleted.

HankePoster

jr. member

Activity: 42

Merit: 1

No token can have the price only in an upward direction, price swing are an integral part of any coin. Deflationary Tokens prices are low and it's good to buy coins at cheap rates. The problem is we find too many anomalies in coin when its at a low price and start buying when it goes up.

Topic: Deflationary Tokens - page 15. (Read 3834 times)