Deflationary Tokens - page 18. | Bitcointalksearch.org

poodle63

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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 ?

They are not worthy to be invested. There are so many scam deflationary token and this idea is not needed by the community. one thing that you must remember if utility token is something that has been searching by the community. There was a lot of people know this idea will always related to the scam token.

Yogee

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Purpose?
The developers wanted to sell an idea that tokens with a deflationary supply model will in turn become scarce. You know what they usually say about scarcity right? The price will go to moon!!!

Worth it?
I personally do not see the point of tokens burning for every transaction made. It sounds good on paper but when you really think about it, that model is not sustainable in the long run. Burning can't go on forever because they cannot afford to have a zero supply. After years of hyping, they have to adjust the code and remove the burn rate. That will be the end for the token as deflationary.

Festac

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Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless

Lantind

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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 ?

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?

Greatdev

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Many new altcoins are rushing this deflationary ability maybe because it attracts many investors to old deflation tokens but it doesn't make sense to invest on the coin because of the burn, real use case matters and burning tokens per transaction is not one of them

VDraci

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It's amazing right? On every transactions tokens get burned but be hold my friend that's all there is to that coin, nothing more than this deflationary feature, how will this coin be useful to the public? Does it makes sense to invest on a token or coin because it's a deflationary token? The answer is NO

philanthropist67

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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 ?

Topic: Deflationary Tokens - page 18. (Read 3802 times)