ORLANDO, FL / ACCESSWIRE / March 27, 2023 / According to the recently released roadmap on Deflationary’s website, 95% of DEF tokens will be eliminated or removed from circulation forever. The process is referred to as Token Burn in the Crypto space.
ABOUT DEF TOKEN
DEF is the native utility token for the DEFswap Finance, which is a Decentralized Exchange (DEX) platform. The low 3% platform fee automatically goes to the burn wallet and no reward redistribution or reflection. Inflation is a lifetime problem, which requires a lifetime deflationary solution.
NO TOKEN REWARD REDISTRIBUTION
Some crypto projects have token redistribution rewards to holders. This reward distribution, which is sometimes referred to as “static” staking, sends the distributed tokens back into circulation. Projects with a “Burn” Wallet of less than fifty percent share, will only be able to remove a very small fraction of its tokens from circulation, during the decentralized trading process. As for DEF token, the fee is lower than most deflationary token projects, and all 3% fee is automatically Burned when trading on a decentralized exchange, such as Pancakeswap, Uniswap, Quickswap and more.
MULTI-CHAIN
Deflationary (DEF) is a multichain token on multiple Blockchain networks, including BNB, ETH, FTM and POLYGON Chains. Each of the Blockchain is also connected by a multichain bridge for token transfers. Several crypto projects have recently started adopting the multiple and cross chain initiatives. It adds network diversity and attracts users who are always looking for options to move the tokens from one chain to another. DEF tokens already have these features implemented prior to launch, which is available for use post launch.
DEF PAY
DEFpay is the Deflationary token holders go to wallet, for paying with virtual Debit Cards worldwide. Paying with crypto without the hassle for everyday purchases in stores or online is made possible by the DEFpay wallet. This is another use case for the DEF token.
DEFLATIONARY CRYPTOCURRENCY EXPLAINED
A cryptocurrency with a reduction in supply over time (deflate), is considered deflationary. Binance Coin (BNB) with quarterly token burns, is an example of a deflationary cryptocurrency. The key for a great deflationary cryptocurrency is having a consistent demand to go along with the continued reduction in supply. A consistent demand is generated by a consistent use case or utility, which is driven by a community of users.
Cryptocurrencies are considered a high-risk asset with extreme price volatility. Please, use your judgement when making the decision to use or engage with Cryptocurrency. Do Your Own Research (DYOR). Make all decisions on a personal basis. No information provided here should be considered as financial advice. For more information about the Deflationary (DEF) project, please visit the website or one of the links below.
Media Contact
Company Name: Deflationary Token, LLC
Contact Person: Kelly
Website: https://deflationarytoken.com
Email: hello@deflationarytoken.com
Phone Number: (800)717-1093
SOURCE: Deflationary Token, LLC
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