Ninjastic
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Board Altcoin Discussion
Re: Deflationary Tokens
by
RomiM
on 29/06/2020, 17:19:24 UTC
Quote from: filterMX on June 27, 2020, 04:40:53 PM
Quote from: Lantind on May 27, 2020, 01:10:55 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 ?
Maybe the team has a separate goal that we never knew, but so far I haven't found a deflation token where coins are destroyed every time a transaction is made, so if I may know what is that token?

that's also true because every action has a purpose, but without knowing the name of the token we can't analyze it further, to find out the truth about the token that the PM talked about


That may be true but this doesn't mean that there is no chance for a deflationary token to go up. initially, BTC also has only one purpose i.e. to transfer funds, and nowadays any altcoin with the only use case of payment method is not welcomed. Likewise deflationary is a new concept and will take time to digest.