Quote from: kingzpro on Today at 01:53:57 PM

Quote from: philanthropist67 on May 27, 2020, 12:46:15 PM

I am well aware of coins with controlled inflation like BTC, where a finite number of coins will be generated at a controlled rate. Very recently I came across deflationary tokens where coins are destroyed whenever a transaction is made and they will end at some time.
My question is what is the purpose of creating such coins? Are they worthy enough to be invested ?

I think the concept is good but new coins even with deflationary model are not worthy to invest because they have literally no or very low transaction volume so it will take years to see some deflationary effect.
I will only suggest if btc and eth network upgrades and applies this model because both these networks have huge huge amount of daily transactions and this model will really work and investors will be massively attracted because profit will be almost guaranteed with this model, if implemented on the biggest used blockchains.

If you see statistics of BOOM at CMC they are not very bad https://coinmarketcap.com/currencies/boom/ . With this volume, there is fair chance for deflationary coins to go up in days to come. Just keep your eye open, every coin has a day.