The idea behind deflation coin to be successful is
1) The coin should be useful
2)it should have a decreasing supply -normally this is due to coins being burnt
As a result the coin values would increase over time
One such defi system built over defi system is being developed.
I am curious to see could this become a safety mechanism in the defi space?
So I am following the following project to see how things shape
Token Name: Deflationary Finance
Token Symbol: DeFi
Initial Total Supply: 30,000
Token Characteristics: Deflationary ERC-20 Token
Website:
https://deflationary.finance/https://twitter.com/DeflationaryFinhttps://t.me/deflationaryfinanceToken Contract Address:
https://etherscan.io/token/0xa73d6348fbc57913574081868175ba0028f38a47The idea is novel and interesting
My ERC-20 address : 0xd0c84e8aB39881b6BbEE1896fC713ed06392BCdE
I know deflationary trend is not a good thing in economic science, as it decrease price.
If it's has deflation principle that shows supply of the coin will be more than the demand.
This cannot go well.