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#Blockchain All projects

Deflationcoin is the cryptocurrency to change the game

The unique Deflation system of coin burns and buy-backs aims to create a stable trendline of rising value

stage Ended crowdsale

2.5 Rating

by 3 users




    Crowdsale details

    Distribution of tokens
    • Crowdsale (80%)
    • Promotions (16%)
    • Team (4%)
    Details Indicators
    Token Symbol DFX
    Full Token Name Deflationcoin
    Crowdsale Start March 31st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or April 15th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 12500 ETH
    Token type cryptocurrencies
    Domain registration date 2018-01-06
    Domain owner WhoisGuard Protected, WhoisGuard, Inc., P.O. Box 0823-03411, Panama, Panama, PANAMA

    Cost of the token

    10000 tokens for 0.1 eth

    Price without discounts

    Accepted currency

    • Bitcoin
    • Other


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    3
    Alexandr Gonchar June 11, 2018
    Rating of project
    3.5

    Advantages

    The project is a decentralized cryptocurrency created on the basis of Waves altcoin. The team is trying to create a coin with a unique deflationary system, which will reduce the number of coins on the market every month, destroying them, thereby increasing the price, creating a constant and stable growth.

    Risks and disadvantages

    It is controversial and, must say, not a new solution for creating a deflationary mechanism for cryptocurrencies. The team does not offer anything new or unique, before entering the market and listing on crypto exchanges, it's hard to say how popular this altcoin will be and it is even harder to calculate inflation and the cost of the token.

    Comments

    I do not think that this project will be successful among users of cryptocurrency, there are many similar solutions, there is nothing unique in this coin that would attract users to buy it, and with 95% probability the price of this coin will start to fall immediately after entering the market and the destruction of the tokens will not help to raise their price.

    Andrew Robinson April 15, 2018
    Rating of project
    2.5

    Advantages

    The advantages of the platform from the rest are low commission and extremely fast transactions. The project has a detailed roadmap and a transparent budget distribution scheme. Also there is a modern website with information about the project, so that potential investors can quickly understand the essence of the project.

    Risks and disadvantages

    There is little information about the team and there is no detailed budget distribution scheme, it can reduce the credibility project's investors. The whitepaper does not contain information on the use of a smart contract, which means that it is impossible to know how many funds were received during ICO, it indicates that there is no transparency of the project.

    Comments

    Decentralized crypto-national currency created on the basis of blockchain is not a unique idea for business, there is a lot of competition in this sphere. Unfortunately, based on the project documentation, there are big doubts that the project will be able to make a profit.

    Denys Serhiichuk April 11, 2018
    Rating of project
    1.5

    Advantages

    The only possible advantage is the low fees and process of burning tokens which can influence the increase of its price.

    Risks and disadvantages

    Roadmap looks vague. Nothing precisely, just ''water''. The team just wants to create one more altcoin, pretending to be a new Bitcoin. There is no sense to conduct ICO for that purpose. The team say that value of the token will be increasing, I do not know how they can be sure of that. They project has poor marketing strategy as it is not active in social media.

    Comments

    It looks like a regular hype, which wants to earn money from ICO and do not bring any new technology.


    FAQ

    Product

    What percentage of deflation do you aim to generate?

    The aim is to generate and maintain a sustainable rate of deflation. The exact targeted rate will be unknown to the public as this would interfere with the market too much and varies month to month.

    I don’t see e-commerce platform X on your roadmap, will integration methods for this platform be released in the future?

    Possibly. We are going to start with focusing on Woocommerce, Magento and Shopify, but do indeed intend on releasing integration methods for other platforms in the future.

    Why do you call your cryptocurrency a coin, when it is actually a token?

    While it is true that Deflationcoin is a Waves token, Deflationcoin is an actual currency rather than anything else. To make this more clear, we have opted to use the name Deflationcoin instead of Deflationtoken.

    Why did you create a token instead of a regular coin?

    We decided to make Deflationcoin using the Waves platform as their blockchain is
    extremely fast and solid, and features very low transaction fees. As the Waves platform is already very well developed and creates the benefits of low fees and extremely fast transactions, this allows us to focus more on the ecosystem and real-world adoption than on the coin itself.

    Team

    Why is your team anonymous?

    We are aware that this may scare off some potential investors, however, we decided to remain anonymous in light of the frequent hacking attacks surrounding cryptocurrency ICOs. The choice to remain anonymous was made to give hackers less information to make use of and protect both our investors and ourselves.
    The Deflationcoin team intends to and reserves the right to reveal their identities at a later date. While we do not share our identities at this point, you can come chat with us in our Telegram group at any moment that you want and get to know us a little bit.

    Can you give us a brief overview of your team members?

    Our team consists of five people at the time of writing this whitepaper, and is subject to change depending on the needs and requirements of our project and community.
    Lorenzofski Elezsk (@deflazofski) – Lead developer and founder
    Kayla (@dfxhelp) – Community and social media manager/designer
    Aethelstan | DFX support – Community manager and marketing executive
    Sarslan (@Pandapanda96) – PR and influencer outreach executive
    Fabrice (@king_mc_fab) – Web developer and designer


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