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 ?
when it comes to crypto, deflation is all that matters.In the crypto space, people are encouraged to hodl , the longer you hodl your coin, the higher the coins value will gain.it is a kind of deflationary currency and you may expect it to only increase in value in the long term as the supplies of most cryptos are fixed, crypto have a lot of deflationary tokkens, when the token burning occurs, a specific amount of crypto is permanently removed form circulation. the destruction of the coin is not to be taken literaly. what happens is that with a coinburn tokens are taken out of circulation by placing them in a public wallet from which these tokens can never be retrieved.