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 have my own opinion and hope that it convinces people about deflation.
Of course, everyone loves deflation for this small financial market, we can save a lot of money if we know how to manage capital well.
But where did deflation come from? that is when the economy is underdeveloped and goods seem to be in excess, and the supply is also reduced and then deflation.
As for the crypto market, everyone wants to buy bitcoin and the demand is plenty and the supply is also decreasing after 4 years. but that only happens in bitcoin because it's famous and has HIGH BUYING DEMAND.
And for new projects, we really don't see its potential and can't trust their team. Therefore, no demand and no deflation occurred.