Deflationary tokens are cryptocurrencies that have a built-in mechanism to reduce their supply over time. This is done by burning a portion of the token’s total supply whenever it is sent or received, resulting in fewer tokens being available on the market. For investors, this means that deflationary tokens could be a great bet for your portfolio as they should increase in value due to increasing demand and decreasing supply. Additionally, these tokens tend to have very low inflation rates which can also contribute to their long-term growth potential. Moreover, many of these coins offer attractive staking rewards as well, allowing holders to earn passive income just by holding onto them. With all these factors combined, deflationary crypto tokens could be one of the best bets when looking for an alternative way to diversify your investments and generate returns over the long run. Here are some of the best options for you to invest in:
DigiToads (TOADS)
DigiToads offers its holders the unique opportunity to enjoy a comprehensive and immersive gaming environment. Here, users can compete in the swamp arena with their own digital companions – all while earning rewards at the end of each season. What’s more, DigiToads has strong environmental credentials as it donates 2.5% of profits to eco-friendly charities that protect rainforests and replant trees. The project also seeks to benefit its community members by rewarding early adopters with bonuses and locking up 2% from every transaction into a staking platform for continuous reward payments. Plus, there are plenty of fun features such as NFT staking, trading competitions and more awaiting DigiToads holders!
IMPT
Right now, IMPT is one of the top crypto platforms to watch as it combines deflationary tokenomics with environmentally sustainable practices. This cutting-edge carbon offset program is based on Ethereum and allows users to purchase Carbon Credits -tokenized NFTs representing 1 ton of CO2 emissions- using their accumulated IMPT tokens. To earn these tokens, buyers can visit the platform’s shopping marketplace where they will find hundreds of retailers that have partnered with IMPT in order to become more eco friendly. After making a purchase, buyers will receive a percentage of the sales margin back in IMPTs which can then be used for purchasing Carbon Credits. Ultimately, this innovative cryptocurrency provides users with an easy way to reduce their own environmental footprint while also enjoying rewarding returns from staking their cryptos!
Bitcoin (BTC)
Are you looking for a recession-proof crypto asset to invest in? Bitcoin, the de-facto digital asset of choice and global store of value, could be your best bet. Founded by Satoshi Nakamoto back in 2008 and launched in 2009, this pseudonymous developer wanted to create a decentralized payment network that would rival traditional fiat money. Nowadays, Bitcoin is worth billions of dollars with more than 46 million holders in the US alone. The limited supply of only 21 million tokens – expected to be reached 118 years from now – makes it an attractive deflationary asset; plus new Bitcoin tokens enter circulation every 10 minutes at initially 50 BTC per cycle (now reduced to 6.25). This mining reward will continue being halved periodically; the next time being 2024 with 3.125 BTC as reward each 10 minutes period. All these features make Bitcoin an appealing option when seeking out a safe and reliable crypto investment that can weather any economic storm!
Conclusion
TOADS could be one of the best new deflationary options out there, and may soon rival IMPT and BTC itself. Check it out for your portfolio as soon as you can.
