Inflation is a favorite antagonist in the cryptocurrency community. Most investors are probably familiar with graphs showing how much the US dollar has been lost since 1933, when the Federal Reserve left the gold standard. For hard money proponents, the deflationary properties of gold or cryptocurrencies are an integrated guarantee of long-term value.
The offer of bitcoins is algorithmically limited to 21 million tokens, but inflation is still observed as the supply of tokens grows. For most cryptocurrencies, inflation is barely noticeable against the background of daily price volatility, but this is a very common place - block chain networks must generate new tokens to reward mining or set nodes.
But any currency will lose value if supply exceeds demand. Thus, many cryptocurrencies fight inflation by destroying tokens. XRP Ripple burns a small amount of tokens with each transaction, and some, such as Binance Coins, intentionally burn tokens to increase prices.
Some new tokens bring the burning of coins to the limit and lead to the fact that their tokens decrease over time. The following tokens are known as deflation tokens. What is a deflation token? Let's look at this explanation.
Traditional cryptocurrencies, as a rule, have a large turnover, which complicates the price increase, since market capitalization will be unrealistically high.
Deflationary cryptocurrencies, on the other hand, usually have a much lower initial supply, and the percentage of tokens burns out with each transaction. The theory is that a smaller supply will increase demand.
This is a fairly new concept, but it has already proven successful. Just look at the following chart for bomb tokens (the first deflation token with an initial supply of 1,000,000 tokens and a burning rate of 1%), which has grown from $ 0.33 to $ 13 in 4 months.
Distribution token
Airdrop (30%): 300,000 SMASH tokens will be available through Airdrop programs.
Bounty (20%): 200,000 SMASH tokens will be available as part of the bounty campaign.
Investors and exchange listings (20%): 200,000 SMASH tokens will be available for purchased and future 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 SMASH tokens blocked for 6 months.
information:
Website: https://smashtoken.xyz/
Mid page: https://medium.com/@smashtoken
Telegram: https://t.me/SmashToken
Twitter: https://twitter.com/smash_token?s=09
Authors: Loksyun
My Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1886140;sa=summary
My ETH: 0xd0d8c8e966efC43d681a33f2536fD44AfDf8c827
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