Ground Token was created to test deflationary cryptocurrencies, to find out whether they will actually hold value as supply approaches zero, or if value will also go to zero along with supply. Ground Token plans to achieve this through the accelerated deflation of GRND token. Unlike other currencies where deflation will take years, GRND deflation is expected to occur in a few weeks or months.
About Ground Token
Store Of Value Or Become Dust?
Inflation is one of the key reasons deflationary cryptocurrency projects are thriving today in the market. Of course everybody wants profit and so if you are saving for your tuition fee in the next two years and you successfully completed the amount reaching to the school, the fee is double the amount you were told. But the fault is not from the school authorities it’s actually the hyperinflation we experience every year.
Now check this out you buy $100 worth of GRND assuming users want to go against our intention by using GRND as a store of value, in the next two years because of the hyperdeflational mechanism used by deflationary cryptocurrency projects the $100 worth will increase in value as the supply decreases.
On the other hand deflationary cryptocurrencies are so hyped and are meant to disappear at some point. People will dump the token to cash in before supply goes to zero and the token becomes unusable. Mass dump, followed by panic selling, and the 5% burn rate will accelerate the demolition of the coin, burning it to the ground (hence the name).
This is where the benefits of Ground token experiment comes in, it’s an experiment for all of us not just the team alone, the result will be shown to the world at large and investors will have an idea of what will become of their other deflationary tokens investment.