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Hyper Deflationary Token ( Nice White Paper) - Investment - Nairaland

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Hyper Deflationary Token ( Nice White Paper) by octus2008(m): 1:36pm On Feb 20, 2020
Introduction
Hyper Deflationary token with a burn rate of 5%It is a Social Experiment Where the Community Decides the way it goes.Community Owned AndOperated with the Increase of Demand Comes the Decrease of Supply

What is Deflation?Deflation is the general decline in prices for goods and services occurring when the inflation rate falls below 0%.Deflation happens naturally when the money supply of an economy is fixed.In times of deflation, the purchasing power of currency and wages are higher than they otherwise would have been. This is distinct from but similar to price deflation, which is a general decrease in the price level.What isFUZE?FUZE Token is a fully community-driven social experiment and the world’s first self-deflationary currency with a supply of 1000 tokens and a 5% burn rate.Why FUZE?A difference between FUZE and most other deflationary projects is that there is no dev holding/allocation —every token was distributed fairly by airdrops. This distinguishes FUZE as a token created entirely for its community.`Whatare the Use Casesof FUZE project?Our main goal is to build a community that decides in which direction the FUZE Token should go. Future functions or use-cases can be built by any member of the community. Of course, the main function right now is the deflationary token model —this means the total supply decreases with each transaction.FUZETOKEN.NET| PAGE 3
Why a deflationary Token?We like the concept of this kind of token model because it exemplifies the hodlermentality. Let’s say you buy FUZE Tokens for 1 ETH —you are incentivized to hold your FUZE because each time you send it to another address, 5% will be burned. This naturally encourages hodling, rather than sending. This token burn will naturally drive token appreciation through driving an increase in scarcity vs demand.TOKEN DESCRIPTIONInitial supply: 1,000 FUZE TokensToken contract:https://etherscan.io/address/fuzetoken.ethDecimals: 18Burn rate: 5%

https://fuzetoken.net/

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