Inflation is a favorite antagonist in the cryptocurrency community. Most investors are probably familiar with charts showing how many US dollars have been lost since 1933, when the Federal Reserve abandoned the gold standard. For hard money supporters, property deflation in gold or cryptocurrency is a default guarantee for long-term value.
Bitcoin bids are algorithmically limited to 21 million tokens, but inflation is still observed as the supply of tokens grows. For most cryptocurrency, inflation is hardly visible against the background of daily price volatility, but this is a very common place - block chain networks must generate new tokens to appreciate mining or assigning nodes.
But every currency will lose its value if supply exceeds demand. Thus, many cryptocurrency fight inflation by destroying tokens. Ripple XRP burns a small number of tokens with each transaction, and some, such as Binance Coins, intentionally burn tokens to increase prices.
Some new tokens bring coin burning to the limit and lead to the fact that their tokens decrease with time. The following token is known as a deflation token. What is a deflation token? Let's look at this explanation.
Traditional cryptocurrency, as a rule, has a large turnover, which complicates price increases, because market capitalization will be unrealistically high.
Cryptocurrency deflation, on the other hand, usually has a much lower initial supply, and the percentage of tokens is used up with each transaction. The theory is that smaller supply will increase demand.
This is a fairly new concept, but has proven successful. Just look at the following graphic for bomb tokens (the first deflation token with an initial supply of 1,000,000 tokens and 1% burning rate), which has grown from $ 0.33 to $ 13 in 4 months.
Token Details:
Token Symbol:
SMASH Supply Total: 1,000,000
Platform: Ethereum
Distribution token
Airdrop (30%): 300,000 SMASH tokens will be available through the Airdrop program.
Bounty (20%): 200,000 SMASH tokens will be available as part of the bounty campaign.
List of investors and exchanges (20%): 200,000 SMASH tokens will be available for future and purchased exchange listings.
DApp & Marketing (10%); 100,000 SMASH tokens will be used for the development and marketing of DAPP.
Team (10%): the team will store 100,000 blocked SMASH tokens for 6 months.
information:
Website: https://smashtoken.xyz/
Middle page: https://medium.com/@smashtoken
Telegram: https://t.me/SmashToken
Twitter: https://twitter.com/smash_token?s=09
Author
Bitcointalk username: Rafha andika3
Bitcointalk profile:
0xBE70aE4cB83c7F52fFFc4c6933DB52b5Df26e431
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