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'm guessing you build this project yourself? I would go for inflation over deflation, I have my reasons, since deflation tokens came into crypto space it have shown that it really doesn't matter, it's not a must and it's not needed at all, even low max supply is nothing anymore, high value projects is what investors seek for not projects from developers that are merely looking for money or people to prey on.