Topic: Reality of some Deflation tokens (Read 406 times)
I believe that this situation has something familiar not only with deflation tokens. Even solid altcoins from top 50 on CMC cannot deliver a working product after several years of development, so I believe you do not need to expect a working product from a new altcoin.
You are right deflationary or not an asset needs to achieve a level of adoption and that usually comes from a real world use case so make sure you check that it is listed on a reputable exchange, has good liquidity, and a strong community behind it before you decide whether or not to invest
There is nothing to keep this project alive. The method of making money from each other, this method continues to some point and when the time comes, it explodes in someone's hands. I am sure there will be new and greedy ones at the explosion point, because the veterans know how to trade with such projects. Maybe the price increase may seem attractive to someone, but never be fooled. Absolutely and definitely stay away!
You are right, such a scenario will usually only benefit one party. While others will have a greater risk. A kind of hype that will only produce brief hysteria and then disappear. 
Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
There is nothing to keep this project alive. The method of making money from each other, this method continues to some point and when the time comes, it explodes in someone's hands. I am sure there will be new and greedy ones at the explosion point, because the veterans know how to trade with such projects. Maybe the price increase may seem attractive to someone, but never be fooled. Absolutely and definitely stay away! For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
BOMB didn´t have any use case, something like HEX, token that is hyped for massive staking profits, but nobody cares about the real use case.
So, at first you need use, then you can attract investors on any other things.
So, at first you need use, then you can attract investors on any other things.
Deflationary coins reduces its supply as transactions occur thereby adding more value due to its limited supply. Most of this deflationary coin have no usecase and will turn to shit coin in future,however there is one deflationary coin that proposes to introduce a usecase, BlockBurn.
BOMB is still around and doing well I think, but the hype surrounding it has faded greatly, it's not what it used to be back when deflation coins were da Bomb... literally!.
Just like anything in Crypto, anything is possible and we might be seeing a comeback in the future especially deflationary coins with a usecase.
Bomb literally had no product or services. They were just creating hype. Just like anything in Crypto, anything is possible and we might be seeing a comeback in the future especially deflationary coins with a usecase.
I wonder if it is possible for this deflation token to last a long time? Can it attract investors or fans? because I think now the deflation token system for the long term will not be better than the token system in general. especially if you associate it with an offer
BOMB is still around and doing well I think, but the hype surrounding it has faded greatly, it's not what it used to be back when deflation coins were da Bomb... literally!.
Just like anything in Crypto, anything is possible and we might be seeing a comeback in the future especially deflationary coins with a usecase.
Just like anything in Crypto, anything is possible and we might be seeing a comeback in the future especially deflationary coins with a usecase.
Aero token is the new kids on the block, after watching ethplode for few months its now growing due to the burned in max supply, if you are holding any deflation token once it become profitable just take your profit and leave, since they have no real use its better to avoid holding for long time
Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
When you would like to create a new coin, you have to make hype over it. And how? By creating good-looking buzzwords for your coin.For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
And do you think that BOMB wasn´t profitable for creator? I belive that he earned a lot of money, but the others paid for it.
Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
When you would like to create a new coin, you have to make hype over it. And how? By creating good-looking buzzwords for your coin.For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
And do you think that BOMB wasn´t profitable for creator? I belive that he earned a lot of money, but the others paid for it.
Real use case should come first before deflation but developers are just using this to take advantage of investors who wants to get rich quickly and investors too are not wise enough
This was a thing of past wherein bounty hunters used to dump the tokens and causing loss to investors but now the tables have turned and it's the investors or developers who are greedy as they don't distribute rewards to hunter and rather they dump the tokens.
Real use case should come first before deflation but developers are just using this to take advantage of investors who wants to get rich quickly and investors too are not wise enough
I like the idea of deflation in the real use of the token. for example, in the Moozicore project, tokens will be burned if they are used inside the platform. such a concept will be successful if the platform becomes popular and attracts a large number of audiences
Yes deflation idea is a very good one, i never know that any MZG token used in the app will be burned, feels like i am just hearing for the first time, its same thing with CHL, once you use the token to invest on real estate in the app it burns off instantly This method is very popular in 2017, but for now it doesn't seem useful to people. Because people have started to be smart which projects actually have functions which only rely on deflation. If deflation is not accompanied by a good product it is useless and can be a scam at any time.
right. tangible products that many people will need to maintain the project in the cryptocurrency world. different from fictitious projects where the pump can occur at any time and the dump will catch up and it is difficult to return to the original price due to erosion of investor confidence. this is not much different from gambling 
This method is very popular in 2017, but for now it doesn't seem useful to people. Because people have started to be smart which projects actually have functions which only rely on deflation. If deflation is not accompanied by a good product it is useless and can be a scam at any time.
I always had a bad feeling about the deflationary tokens. They were all a vivid example of ponzi scheme in the cryptocurrency space. The fact that non had a real use made it obvious that their demise is near. I wasn't surprised when they faded away like the morning dew.
Deflation tokens also known as self destroying tokens are quite a new entered concept in crypto where supply decreases with the time and price is speculated to go higher if demand remains at least the same.
For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
That's true how can you choose to gamble on experimental token like "Bomb Token" its risky because its just an experiment and no guarantee or value. in other words its a hallow project, Bomb was created for an experiment purposes on how deflationary token works. no product, no use case and no development it means nothing. For example BOMB.
BOMB is one of those deflationary tokens where there is no real product and admins are just hyping the token over the concept of deflation. Have a look at twitter handle
twitter.com/bombtoken
Point for all the talk is these projects are just a waste of time and funds if you dont have any real product and rely on just creating hype.
And another lesson is these things cannot work and this concept is failed with no real product.
It's hard to take chances not unless you will use spare funds and you are willing to take for long term investment. With the situation like now, it's hard for
any investors to take this and work with experimental ventures. Most investors are wiser and they are looking for higher potential projects.
I thought people could not get any dumber, but a "self-destructing currency" changes my perspective. It is just foolish.
"Each time a Bomb is transferred, 1% of the transaction is destroyed."
https://bombtoken.com/
So this coin encourages users not to use the coin.
You guys should understand that cryptocurrencies except stablecoins are not pegged with anything. It has no underlying value except the network effect; in other words, it has to be used.
"Each time a Bomb is transferred, 1% of the transaction is destroyed."
https://bombtoken.com/
So this coin encourages users not to use the coin.
You guys should understand that cryptocurrencies except stablecoins are not pegged with anything. It has no underlying value except the network effect; in other words, it has to be used.
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