Topic: What Are Deflationary Tokens? (Read 98 times)

Since you've made an account and is capable of writing your own post and thread, and given the account posting this thread is flagged and negative trusted by DT, I'll advise you to ask the thread owner to remove the entire content from this thread via edit --deleting thread is not possible if you're not mod--, disassociate yourself from the thread owner, and made your own thread.

I am not pushing you to pay the membership, just saying this as a small advise and matter of information, you'll need to pay a copper member in order for your newbie rank to be able to post image, and although that means an extra expense, but it'll be better than being automatically assumed as a scam project due to an association with tagged account.

Regardless of copper membership or not, suppose you heed my advise and create a thread of your own, we'll continue our discussion there

First of all let me begin with the newbie-warning flag. Yes we are aware of this and we were not informed that one of our marketing content creators is flagged. This is a issue and the necessary action will be taken to correct this.

As for the LINKEDIN; in my past jobs I was very active on it, but sinds I started my company in 2014 there was no need for it anymore, at least not to have an impact on the success my Companies and I have. Let me put it simple, once you get to a certain level and status i didn't see the need for it anymore to be active on LINKEDIN, INSTAGRAM etc. Only facebook I was still a bit present with my close ones.
It wasn't until the start of this project I was made aware that LINKEDIN is part of the marketing and journey.

and Yes our website is still under construction, so our apologies for that, but that all part of it, we're just getting started

There is no easy way to get people to trust you are your project. I also lost uncountable money in crypto due to scammers and fake projects, this was all the more reason to show myself and the world a better option. That's why I put my name, I am ready to take the blames, falls and the blessings!

The only reason I am successful is because my local network trusts and knows me. Why? Because I always deliver through a righteous moral compass. Even when I invest, I invest in the person. So I get your concerns, but only time and results can speak for itself.
So keep doing your research and keep an close eye on us.

Either way, we appreciate your feedback to help us grow our project further in the right direction.

#Stay Safe

P.S. I made an account today and right now, just to reply on your comment

This is quite interesting, you have an active newbie-warning flag and a scam accusation for fake team profile on your past project.

For this one, I need to take some detour and do an extra dig to get a better profile of your team, as your whitepaper only gave very vague details like this



What's interesting is, in spite of the claim that he has a very broad experience, his LinkedIn looks awfully empty, almost like it's newly created, or at least were not managed by someone with such claim of background.



And that the buttons on your website is mostly did nothing other than --I assume-- for aesthetic looks, the "about us" didn't bring us anywhere, etc.

With all above said, and an extra stress on the previous proven accusation, why do we have to trust this project?

Deflationary tokens are tokens fashioned to reduce in supply over time.
That is to say, the circulating supply of the token reduces as the years pass.
The essence is to prevent the market from being flooded with the token while improving the value of the token.
A good example is a coin that reduces its supply by 2% every year.
If there were 20,000 coins in supply in 2019, by 2020 it will be 18,600 coins, 18,228 coins by 2020, 17,863.44 coins by 2021, and so on.
As the coin becomes more limited in supply, its demand will increase and so will its value. Cool!
Crypto projects of the deflationary token model achieve their goals in different ways but the 2 major methods to remove coins from the market are:

a. ‍Buy-Back and Burn
This is where the company in charge of the project buys back a good portion of its coins from the market and burns them.
It burns the coins by sending them to a dead address. So, it lowers the circulating supply by destroying tokens.
This results in an increase in the value of the coin because the demand remains the same (or increases) while the supply has reduced.
The top tokens using this method are BNB, FTT, and CAKE.

b. Burn On Transaction

Here, the contract of the coin specifies that a percentage of the tax collected from on-chain transactions will be burned.
In other words, on-chain transactions involving the coin attract a tax and a percentage of the tax collected is burned.
This happens automatically because it is integrated into the coin’s contract.
Also, its success depends on the trading volume of the coin because deductions will only be made when transactions occur.
So, the higher the trading volume, the more tokens are removed from the total supply.
Thus, driving value to token holders as tokens are constantly removed from circulation while demand remains constant (and possibly increases).
Some tokens that use this method are SAFEMOON and THUGS.