Whenever DEFL transacted between users, 2% of the supply will be burnt automatically. This creates scarcity and increases value.
Only 1,000,000 DEFL Exist, And It burn whenever a transactions occurs on the chain. And the burning rate of Deflacoin is 2% for now on each transaction, the rate will decreasing due to helving.
As the community keep growing and interest in DEFL Increases, a lot of transactions will be made while the supply keeps Decreasing, Then DEFL price can increase without being dependent on the marketcap.
1st yr, transaction with an amount greater than 10, will burn 2% of the amount, 2nd yr, the deflation rate will halve to 1%. In the 3rd yr, will halve to 0.5%, In the 4th yr, will halve to 0.25%.
DEFL In Numbers
Deflacoin DEFL is an experimental Deflationary Currency with its own kind deflationary system: a yearly halving deflationary burn rate for transactions over 10 DEFL, For the first year, every transaction with an amount greater than 10 DEFL Coin, will burn 2% of the transaction. And In the second year, the deflation fee will halve to 1%. In the third year, it will halve again to 0.5%.. Then In the fourth year, DEFL will halve again to 0.25% and then it will stay fixed at 0.25% forever.
I'm Adamu by name, i'm founder and CEO of Dankano Technology: a blockchain and bitcoin focused company
My Nickname is Nicke I have been a web development graduate for over 1 year, creating several projects for @deflacoin.
I'm Aminu by name a cofounder of Deflacoin Project, and also i'm cyber security expert.
Am Brag jnr , graduate of mechanical Engineering and a specialist in blockchain community moderating..
My name is Alissya Sabilla. I am DEFL Marketing and also the Community Manager.
For the first year, every transaction with an amount greater than 10 DEFL Coin, will burn 2% of the transaction, And In the second year, the deflation fee will halve to 1%. In the third year, it will halve again to 0.5%, Then In the fourth year, DEFL will halve again to 0.25% and then it will stay fixed at 0.25% forever.
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