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 ?
Naturally, a deflationary token must rise in price over time. But it won't happen in most cases.
If you don't have good
tokenomics,
good partners,
good developments, and a
great community, you will have no future.
Be careful, being deflationary is just one of the many advantages to becoming successful. are mandatory in every case not only for deflationary tokens. I have followed few deflationary tokens and many of them are doing good in current bull run not ideal like many other alt coins.