Please kindly share the name of the token, many deflationary tokens I knew are almost dead now due to lack of use case, investors are now smarter to avoid projects that have no real life use cases because in a very short time they will become worthless
A great example is $BNB, a solid project with a great number of supporters. Investing in deflationary tokens can benefit long term investors. Given that all fundamentals in the company's business remains constant, the token price will go up overtime due to regular token burns. Not looking at much the volatility, and looking at the historical data, $BNB has reached all time highs after every token burn.
Hm I'm kinda confused and I need some answers, is burning tokens by sending tokens to unknown contract address the same with deflationary tokens? How is bnb token a deflation token? If I could remember deflation tokens shrinks in supply as investors send and receive the deflation tokens, bnb token don't work this way