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?
Burning the tokens for every transaction doesn't make sense,all they want to increase the value of token by reducing its supply but tokens are meant to be utility,if a deflationary token gets adopted by world wide then how its possible to stay here.
The developer and the staff already plan to burn those tokens in which will still relying the support and demand of many here in the crypto currency community. Also, the investor and traders anticipated the possible deflation as they want a good output having a great value of token in the end of ICO.