Inflation is affecting every aspect of life. Food, clothes and drinks are inescapable. There is one place that is used to not conforming, crypto. The creation of crypto came from people wanting to have a decentralised place to store money, escaping the control of banks.
Some cryptocurrencies are also trying to escape inflation by burning tokens and ensuring investors don’t have to worry about inflation like the rest of the world. Three cryptocurrencies, Rocketize Token (JATO), BNB and XRP, are dead set on remaining deflationary and don’t have any plans to change that fact anytime soon.
Rocketize Token Burns Tokens Like Rocket Fuel
Built on the BNB smart chain, Rocketize Token has an excellent foundation for its native crypto JATO. Rocketize Token is on a mission to explore decentralised finance and Web 3. The meme coin will do this with the help of its open-sourced community, The Atomic Nation. They are now constructing a crowdfunding system for authors, artists, and inventors.
The crypto will also have specialised NFTs that are being worked on by The Atomic nation as this is written. The team are working on an eCommerce site that will host trading card NFTs. NFTs will also be accessible through special mining events.
The best feature of Rocketize Token is its deflationary nature. The cryptocurrency will do this by burning tokens regularly to increase the value of its native currency JATO. There will be a 2% tax applied to each JATO transaction. The JATO wallets will receive half of those tokens, and the remaining half will be burned. This will benefit both the crypto and the investors.
BNB Ensures an Unsaturated Market – Keeping Oxygen Supply Up With Extra Room to Breathe
BNB is the native currency for the Binance crypto exchange. BNB, which debuted in late 2017 at a price of slightly more than $0.10 per token, is one of the best-performing cryptocurrencies ever. BNB has had a value increase of more than 6,000x from its all-time high in 2021.
The best part of this token is that it is deflationary. There are 200 million BNB tokens in circulation overall. However, this cryptocurrency is inherently deflationary, not least because Binance routinely burns currently circulating tokens. Nearly 40 million BNB tokens have already been burnt, or about 20% of the total supply. This helps the crypto keep its value and not become too saturated.
3…2…1 Take Off – XRP Taking off in the Charts With Its Deflationary Nature
Another great example of a deflationary cryptocurrency is XRP. It is the native currency of the Ripple blockchain. Having been launched in 2012, it is one of the most popular cryptos in the market. Instead of mining for tokens, XRP has a unique consensus method that primarily works through banks.
The XRP network burns transaction fee-related tokens automatically. Although small, the standard transaction fee of 0.00001 XRP could eventually result in a significant number of burned tokens. This amount of XRP tokens being burnt will ensure it won’t be affected by inflation.
Final Thoughts
Inflation is never something people never want to welcome, and with these three cryptocurrencies, you can ensure to avoid it. BNB, XRP and Rocketize Token make sure to benefit their investors.
For more information on this project:
Presale: https://rocketize.io/buy
Website: http://rocketize.io
Telegram: https://t.me/RocketizeTokenOfficial
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
