What is deflationary token | Bitcointalksearch.org

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: YuginKadoya on August 04, 2019, 11:31:43 AM

Well, In my understanding with such tokens as some projects would prefer burning their supply of tokens to surely cut the supply or destroying it to simply increase its value, I guess I have seen some past tokens doing so and I think I have come across a token once before and I think it is EQL or Equal token that is burning their Excess token and the price of EQL right now is $0.002067 USD, I really think that there isn't any increase happen even if they burn a portion of their supplies so I guess this deflationary token will do just the same as the other token out there, they can have the same fate, To make an exception or to just become another Shitcoin in some wallet.

Some of the projects offer the same in previous like burning token periodicallly. What's the difference then with that? Even stable coin also do the same.
Thank you anyway, I have understood. It's nothing new concept. Locking thread.

chocopapaya

full member

Activity: 686

Merit: 131

The idea behind these, is to control the circulating amount (usually by burning the tokens) in order to keep the price of the coin competitive.
The idea is that less supply will lead to more demand.
More demand will lead to a rise in price or stabalizing the price in the case of a bear market or crash.

There's been all kinds of things tried out to take care of the supply part from buying back tokens, to burning, to swaps.
The thing is, almost all of these don't take care of the demand part.
Why on earth would anyone want a coin that has no use case?
You would think that people would learn and not just create a project that is basically trying to pull money out of thin air.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Well, In my understanding with such tokens as some projects would prefer burning their supply of tokens to surely cut the supply or destroying it to simply increase its value, I guess I have seen some past tokens doing so and I think I have come across a token once before and I think it is EQL or Equal token that is burning their Excess token and the price of EQL right now is $0.002067 USD, I really think that there isn't any increase happen even if they burn a portion of their supplies so I guess this deflationary token will do just the same as the other token out there, they can have the same fate, To make an exception or to just become another Shitcoin in some wallet.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: ?? on ??

Quote from: Little Mouse on August 04, 2019, 10:49:09 AM

Recently we have seen a lot of sounds about deflationary token after the successful airdrop of BOMB token. I am still confused about deflationary token. What are these and how does it benefit to the cryptocurrency world.

they are all experimental token with little or no use case, majority of them are pump and dump token almost 90% of deflatory token out there right now, it's just another pump and dump thread, just like when lending ico was rampant

What are the use case of deflationary token? However, I think you have just shared nothing what I have asked. This thread isn't a pump and dump thread. If you have problem, you can ignore.

Little Mouse

legendary

Activity: 2156

Merit: 2100

Marketing Campaign Manager |Telegram ID- @LT_Mouse

Recently we have seen a lot of sounds about deflationary token after the successful airdrop of BOMB token. I am still confused about deflationary token. What are these and how does it benefit to the cryptocurrency world.

Topic: What is deflationary token (Read 130 times)