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This article was written for BSC News, and can also be found here at this link.
SafeMoon move over! EverRise it’s time to take a backseat. A new deflationary token model has been introduced and it has, in my opinion, a much better business case than any that have come before.
Imagine a deflationary token that isn’t reliant on trading activity. And instead of having a supply of 100 billion or 1 quadrillion tokens like other deflationary tokens out there, there are ONLY 100,000 tokens in existence.
Let me stress that again. This token burns itself, every single hour, even if not a single buy or sell trade was made. Did I also mention that you can stake this token to earn rewards while watching it’s price appreciate from the ever dwindling supply?
Interested? Give me 5 minutes to explain why I think xYSL is going to the moon. 🚀
The Problem with “Traditional” Deflationary Tokens.
For those who are familiar with SafeMoons rise to fame, you’ll remember a time when the popular deflationary token skyrocketed to a market cap of $6 billion a mere 2 months after launching. Since then, it’s largely disappeared from mainstream media, either due to the recent downturn in market sentiment or just investors shifting towards…
