Do we need deflationary token | Bitcointalksearch.org

Iyanu14

member

Activity: 795

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Quote from: Windmoney@1 on July 25, 2019, 05:26:44 AM

As we can see that deflationary token are base on experiment.....
Can we have a deflationary token with a meaningful usecase?
Can a deflationary token make a top 100spot on coinmarketcap?
What is the benefit of deflationary token?

No we don't need them, it's becoming embarrassing how a lot of new developer are repeating the deflationary token with many different names with no use case.

ATSgrowth

full member

Activity: 924

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homt.net

Look at Bitcoin. It is a good example of deflationary cryptocurrency.
Look at Ethereum. It is a good example of inflationary cryptocurrency. Supply is not limited here.
Now look at graphs of both cryptocurrencies. Which cryptocurrency is more successful? Cool

Bananington

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All the deflationary tokens already rolled out do not have any use case. The first was BOMB, I think they are average but others are just bunch of garbage, sorry to say. Still looking to see a deflationary token with a use case. I don't see the essence of deflationary tokens anyway.

flemmings02

jr. member

Activity: 182

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Quote from: ?? on ??

Burning off token supply to raise token value is not a real use case to me unless there is a project with use case and have deflation mode implemented,that will make a sense more than just burning tokens only

I agree with you, even though the burning of tokens by projects is to create scarcity and make the token valuable, still some tokens will cease to be valuable even if there are just 1000 of the tokens available because of the lack of use case.

casperBGD

legendary

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Nil Satis Nisi Optimum

it is a token, with a total number decreased by time, with transactions and similar, compared to inflation tokens, that provide passive income (increased the number of tokens, based on staking), deflationary token are suppose to increase value, since their total number is decreasing, and based on same project value, price per coin should increase

both types are good, but to have real value, project value, or market cap shall increase, and that will provide value no matter inflationary or deflationary token principle

Galley

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Merit: 14

Many people have the desire to implement this idea, but no one has yet succeeded in accomplishing something worthy in practice. All that has been done up to this point does not deserve any attention.

rosezionjohn

sr. member

Activity: 882

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I first read about this concept from Equal token then more than a year later read it again from bomb token shillers.

Quote from: Windmoney@1 on July 25, 2019, 05:26:44 AM

Can we have a deflationary token with a meaningful usecase?

It doesn't have to be deflationary. Any token can have a meaning usecase but, unfortunately, most don't have it.

Quote from: Windmoney@1 on July 25, 2019, 05:26:44 AM

Can a deflationary token make a top 100spot on coinmarketcap?

If it meets the above criteria.

Quote from: Windmoney@1 on July 25, 2019, 05:26:44 AM

What is the benefit of deflationary token?

Aaahhh you don't have to schedule a token/coin buyback and burn?

old fart

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Activity: 308

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Bitcoin is the future

Deflationary tokens are just just experimental tokens.
I don't invest in such, but I can get them in airdrop and sell off once it gets listed. I don't trust those projects even for a dollar.

Windmoney@1

newbie

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I lost almost $600 in deflationary token... %99 of deflationary token are been created by scammers

TastyChillySauce00

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Lizzylove1 on July 25, 2019, 06:17:55 AM

Some projects already have burn program to reduce total supply and cause scarcity. Defamatory tokens as I understand in recent times are been created by scammers to steal fund from traders. Most are scam. Blockburn, Anarchy etc.

Even burn in program can't withstand the dumpings that usually happens to those altcoin thus making it failed to become a solution to create a deflationary coins. The value fluctuates and the scarcity will means nothing if there is no demand and liquidation. I've witnessed many of the coins that have burn in program and such a thing is a must for most altcoins back then when ICO is trending and see now, only a little could pump its value (still fluctuates a lot) and many of them turns out to be dust.

I think that deflationary token need to be backed up by real things that are deflationary aswell like gold.

Lizzylove1

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Christ The King

Some projects already have burn program to reduce total supply and cause scarcity. Defamatory tokens as I understand in recent times are been created by scammers to steal fund from traders. Most are scam. Blockburn, Anarchy etc.

acoco

sr. member

Activity: 532

Merit: 250

Quote from: Windmoney@1 on July 25, 2019, 05:26:44 AM

As we can see that deflationary token are base on experiment.....
Can we have a deflationary token with a meaningful usecase?
Can a deflationary token make a top 100spot on coinmarketcap?
What is the benefit of deflationary token?

study the cryptocurrency market, there are already quite a few such tokens and different business model, and as you can see now, little has worked, I can’t answer the exact thing, but you should study the question yourself if you don’t have to prove here

Windmoney@1

newbie

Activity: 112

Merit: 0

As we can see that deflationary token are base on experiment.....
Can we have a deflationary token with a meaningful usecase?
Can a deflationary token make a top 100spot on coinmarketcap?
What is the benefit of deflationary token?

Topic: Do we need deflationary token (Read 170 times)