Quote from: StreakW on November 18, 2020, 11:27:29 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 ?

Every project created with a purpose, so if you want to know exactly about the purpose of a coin, you should learn it on their website and whitepaper.
Are they worthy enough to be invested? I don't know what kind of coin that do you mean, but the first thing about the investment you should learn it by yourself, if you think untrustworthy, so skip it

he mean those coins that have the ability to burn themselves upon a transaction is triggered . i just heard on them lately , the one that i remember is boom coin but i didnt dive deep on to this coin because im not that really interested on altcoins and tokens . if these kind of coins are self burning or deflationary is that means that they can grow in price easily ? this attracts greedy people that thinks of easy money and this can be the secondary purpose of those coins if theres no primary use or purpose .