This year some new things happened in crypto! The initial sale system changed to IEO, there was IAO, IGO and so many new model, but only IEO lives! However, my point is not that!
This year the Deflationary Ethereum based token based projects attracted me well. In every transaction, a certain amount of token will be burned automatically and the supply is very limited for every deflation project. The BOMB, Blockburn, Nuke, Bags, Blast, Fuze, and so many projects have come, but what happens next? It seems only BOMB and Blockburn project survives, others all likely dead or scam!
The idea was very unique, then why they are not making a success? What can be the reason guys?
I think the hype was basically on the model because of its uniqueness and novelty. However, there was no established advantage it has over other token models asides in curing more cost for the owner who have to use much higher gas in transactions.. Also, other token models can initiate a burn whenever they please, afterall, XLM just burned 55b worth of tokens. Furthermore most tokens built on the deflationary model turned out to be scam which made the model more notorious