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
- Crowdsale (80%)
- Promotions (16%)
- Team (4%)
Cost of the token10000 tokens for 0.1 eth
Price without discounts
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
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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.
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.
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.
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.
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.
It looks like a regular hype, which wants to earn money from ICO and do not bring any new technology.
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.
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