Where are deflationary tokens today?

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

To provide deflationary coin/token you have to generate income high enough to pay for the company's operating costs and extra more to buy coins/tokens and burn them. If you are generating losses there is no way to buy back coins - exit scam. Thats why they all disappear despite few successful one like BNB (binance has more than $ 1 billion in profit annually - can afford to spend $ 200 mln on buybacks).

Quote from: disconnectme on September 09, 2020, 01:19:41 PM

I don't buy into the idea of deflationary tokens being promoted recently, inflation is a good thing if controlled, just look at the way Bitcoin is going about it own inflation, assuming all the coins in Bitcoin was released in 2010 its would have spoilt the hype around Bitcoin halving

No. Inflation is a cancer invented to secretly steal money.

Quote from: Tytanowy Janusz on June 27, 2020, 02:50:38 AM

We had gold standard before 1971 so you basically can't imagine how people leave 50 years ago? What happened after 1971?

source of all

Don't think that this is done to help the poor and needy

Quote from: o_e_l_e_o on June 22, 2020, 11:40:14 AM

Sure, wages have gone up, but prices have gone up more.

The biggest inflation fault is that you are doomed to work till the end of your life. You can't be a smart 20 yo guy who earned 1 mln and retired. You have to work all the time because all your saving are secretly stolen by devaluating them. Your money are not yours. You have to spend them on useless shit (stimulating the economy in the wrong direction) and continue to work. You have to buy a flat that you dont need (China Has 65 Million Empty Apartments) just to put your money somewhere. You need to buy gold that you dont need. You need to buy someone debt and so on. To simply not be robbed by inflation.

jossiel

hero member

Activity: 2842

Merit: 625

Don't forget that bitcoin is bounded for deflation but it's not a token. Those Defi projects don't have the same stats as bitcoin. They can be in a single pump within a day or two or even a week. But they won't last.

Quote from: militiariko on September 09, 2020, 09:17:36 AM

Always do your own research and air your own opinions

All right, this is a must for everyone. Don't buy because you only see it pumping.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

Almost all of deflationary tokens have already gone for sure, there are some deflationary tokens that are still exist but these tokens were also getting dumped caused by it has no usage.

The deflationary tokens are only tokens that are focusing about how to burn its token automatically without thinking about how to create a product that can generate the revenue to be used to do buy back and burn.

The deflationary token has no future and all will be die soon. It's just the matter of time.

Deflationary is always linked into the scam project too.

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Kehindem on September 10, 2020, 05:44:31 PM

Though since have join crypto currency have really not seen any deflationary token, which means they don't exist or not common, and the defi also is rampant now a days, but people do talk about as a good project. But what i notice and observe in times, is that investors need to invest wisely by checking out the basis of the project before investing in it. so they wont fall in wrong project.

Before, there was a time that deflationary tokens were a hype. But didn't pull it off because they have no use case. Just by being deflationary is not an assurance that it will be valuable in the market. So once the followers get tired of them, they just go to the next one. Just like what is happening with DeFis right now. The concept of DeFi is really good, but with the people behind on each DeFi project, that makes this concept terrible because almost all of them are just to screw naive users.

Kehindem

jr. member

Activity: 199

Merit: 1

Though since have join crypto currency have really not seen any deflationary token, which means they don't exist or not common, and the defi also is rampant now a days, but people do talk about as a good project. But what i notice and observe in times, is that investors need to invest wisely by checking out the basis of the project before investing in it. so they wont fall in wrong project.

jrrsparkles

sr. member

Activity: 2436

Merit: 272

Eloncoin.org - Mars, here we come!

Deflationary tokens gone => DeFi tokens came

Sushi project gone=> Noodle project came (I am not joking there is a new project named Noodle).

Nowadays, the projects are created for their own profits and nothing going to be beneficial from those projects to investors and the community as a whole, wake up from day dreaming guys!

militiariko

member

Activity: 297

Merit: 10

Life is beautiful !

Quote from: @baoli on September 09, 2020, 11:42:18 AM

This is really a concern, most of the deflationary tokens are gone. Most do not have any further use. Be as it may, coins like BNB also deflates but not in the sense that will make the price go up but rather used for transactions.

I believe you get the gist as well, even the supposed bnb token got its strength from various ieos on binance platform because you need to hodl bnb to join a ieo lottery.

The key is this, defi platform is realistic but you need to know what you are getting into, do your own business research before investing

disconnectme

hero member

Activity: 1876

Merit: 512

I don't buy into the idea of deflationary tokens being promoted recently, inflation is a good thing if controlled, just look at the way Bitcoin is going about it own inflation, assuming all the coins in Bitcoin was released in 2010 its would have spoilt the hype around Bitcoin halving

@baoli

jr. member

Activity: 1162

Merit: 1

Base.protocol

This is really a concern, most of the deflationary tokens are gone. Most do not have any further use. Be as it may, coins like BNB also deflates but not in the sense that will make the price go up but rather used for transactions.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

There some decent deflationary coin projects like Binance coin or Eureka network coin etc, but yes there are a lot of so called DEFI scams going around. One that had only 11 k token supply scammed in the presale even before it launched. THE GUYS WALKED AWAY WITH 250 ETH. So when peeps say we want a low supply token, I say to them do you want a quality project or a scammy one. Supply is not the issue, being a good or a nasty project is though and we all need to do our due diligence and research before investing in any high risk asset class such as Crypto which is filling up with shitcoinia again to fool desperate and greedy people who want to 100 x over night.

militiariko

member

Activity: 297

Merit: 10

Life is beautiful !

Often time, it is always reiterated to everyone in the crypto space that they should understand the difference between a solid project and a pump project.

The deflationary token situation can be likened to defi projects, several hypes, several pumps amongst other incidence but today there's nothing unique about deflationary tokens again, they mostly went to exile.

The same will happen to defi projects, do not be confused by the hypes, exchange listing or pedigree, take your profit, there's nothing exceptional about defi projects.

Always do your own research and air your own opinions

Topic: Where are deflationary tokens today? (Read 120 times)