Many criteria are used to determine the value of any item, this also stretches over the horizon of tangible materials to virtual assets and even human values. In the financial system, the value of any currency is determined by the surrounding market and what benefits it offers to its holders.

In cryptocurrency, supply, inflation rate and use cases are the major determinants of value, these three parameters are the main considerations for any investors, while there is rarely any cryptocurrency backed project without a reasonable use case, inflation and outrageous token supply have cause traumatic depletion in the value of the concerned currency, hence the advent of deflationary tokens!

Explaining the concept of deflationary tokens

Imagine your cash reducing as you spend it, for instance, spending $100 reduces it to $95 as $5 is removed from the total currency supply while the total currency supply is limited to a specific amount, this a deflationary measure as opposed to the common inflationary system in current financial institutions.

Deflationary tokens are experimental tokens centred on visualizing the effect of deflation on value, deflationary tokens hopes to create an intense scarcity through burning of a certain percentage of a token after each transaction while the token supply is limited. This scarcity and limited supply is expected to drive more value for the currency and hence achieve the goal of making cryptocurrencies a store of value.

A couple of deflationary tokens have been created over the years, but unfortunately these projects have failed to achieve a long term success in this goal, this is mainly due to irregularities the processes and key team transactions, hence a purely community driven project is best for such projects, And here’s introducing, a purely community driven deflationary token project –The VOID TOKEN!

Introducing The VOID deflationary Token

The Void token was created by a mysterious developer who completely distributed the tokens (A total initial supply of 0ne million tokens) to the participants of the airdrop on bitcointalk and holds zero amount of the tokens, following the complete distribution and disappearance of the token creator, the void token project was taken over by the holders of this token and is hence a community driven project.

TOKEN DESCRIPTION

Initial supply: 1,000,000 Voids

Token contract:

Decimals:18

Burn rate:5%

Circulating supply: 904,251.5278voids (circulating supply reduces with each transaction)

Average burn per hour:103Voids/hour

Current price: 0.39$/Void.

The Void burns at the rate of 5% we transaction, hence a prospective perfect store of value, with an even token distribution and a purely decentralized community, it stands out as one of the few genuine cryptocurrency projects purely driven by the community with no big bag holder and hence could be a great investment opportunity.

Note: The highest holder is an exchange hot wallet(15%)

Currently, the void token is listed on

Forkdelta

DDEX

Keep up with the project

Official website

Project twitter page

Join the discord channel

Be part of the community

Join the discussion on reddit

Disclaimer: This is in no way an investment/financial advice, potential investors are advices to do their own research before any investment.