Magicbalancer
Magicbalancer Magic DeFi Platform for Deflation Governance and Lots of prizes For # 1 active User What is Deflation? Cryptocurrencies like Bitcoin which are known to have a fixed supply by default experience deflation. This provides some unique insights into the dynamics of inflation versus deflation. Cryptocurrencies with a steadily decreasing supply on its blockchain are called deflationary cryptocurrencies. Deflation can be achieved by burning a certain percentage of minted coins, buying back and burning, buying back and holding, and much more. With Bitcoin , for example, flexible mining difficulties and partial events warrant a deflationary characteristic to its network. For example, if you buy an item today with an amount of BTC “X”, in the future, you will buy the same item at a lower price because of the way the deflationary model works. Advantages of Deflation Cryptocurrency 1. This allows the company to avoid the circulation of unsold coins to the market 2. Ma