Basketcoin (BSKT) is solving a unique problem. Is is the first fully deflationary token secured with a basked of cryptocurrencies with the possibility of staking and management. Cryptocurrencies whose supply in the market is constantly decreasing, to a predetermined and contracted amount are called deflationary cryptocurrencies. The deflationary system for cryptocurrencies is completely different from deflation in the strict economic(traditional) sense. In the prevailing conditions of deflation in traditional markets for the same amount expressed in fiat money, after a while you can buy more goods or services offered - this, of course, is directly related to the increase in the purchasing power of fiat money. In the world of cryptocurrencies, in turn, deflation is subject to token or coin, and their value will fundamentally increase relative to national currencies. In the case of deflationary cryptocurrencies, the constitutional premise is to gradually reduce the existing number of available tokens by eliminating them from the market in a process that is generally called token burning. Such a state of affairs, in essence, will lead to an increase in the valuation of tokens while reducing their amount. It should be added here that burning tokens does not destroy them in the literal sense of the word, but only permanently prevents their use in the future. Burned tokens are placed in a special public wallet, which is called "eater address". The status of tokens contained in this wallet is published on the blockchain network, and all tokens contained in it, as already mentioned, are permanently blocked. The elimination process can be achieved through the following actions: 1. burning a certain percentage of available tokens, 2. purchase tokens and then burn them, or block them, 3. removing tokens from circulation by placing them on special platforms for this purpose. Deflationary cryptocurrencies are gaining more and more interest in the blockchain architecture mainly thanks to one of its biggest advantages, which is undoubtedly maximizing their value by increasing the valuation of tokens in proportion to the decrease in their amount in circulation (circulating supply). Basketcoin web site: https://basketcoin.io/#token Basketcoin Whitepaper: https://basketcoin.io/BasketCoin-WhitePaper_EN_v_2_7.pdf Telegram Global: https://t.me/bskt_global Telegram Polska https://t.me/bskt_polska Basketcoin Twitter: https://twitter.com/Basketcoin_BSKT https://twitter.com/TheCryptoApp/status/1374307814517174276 #basketcoin #bskt #deflation #deflationary #inflation #inflationary #bitcoin​​​ #ethereum​​ #altcoins​​​ #chainlink​​​ #altcoin​​​​ #altcoinbuzz​​​ #THETA​​​​ #PAID​​​​ ​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​#Investing​​​​​​​​​​​​​ #Cryptocurrency​​​​​​​​​​​​​​​​ #Invest​​​​​​​​​​​​​ #Binance​​​​​​​​​​​​​ ​​#news​​​​​​​​​​​​​ #BTC​​​​​​​​​​​​​ #success​​​​​​​​​​​​​ #finance​​​​​​​​​​​​​ #entrepreneur​​​​​​​​​​​​​ #business​​​​​​​​​​​​​ #market​​​​​​​​​​​​​​​​​​​ #altcoinbuzz​​​​​​​​​​​​ #eth​​​​​​​​​​​ #nfts​​​​​ #IoT​​​​​ #crypto​​​ #poland #polish Timestamps 0:00 Introduction to Basketcoin BSKT 2:18 BSKT Public Sale 4:02 What Makes Basketcoin Deflationary? 6:36 Social Media Resources 7:13 $2000 Giveaway in BSKT ? ALTCOIN TRADING SIGNALS - https://t.me/AltcoinBuzzChat ? TOP CRYPTO NEWS - https://www.altcoinbuzz.io ? FREE NEWSLETTER - http://eepurl.com/dnIEz1 ? TWITTER - https://twitter.com/altcoinbuzzio ? FACEBOOK - https://www.facebook.com/altcoinbuzzio Cryptocurrency And Bitcoin Visa Card - GET $25 FREE ON ► CRYPTO.COM https://platinum.crypto.com/r/ab *Code is AB Trade On Binance! ► https://www.binance.com/en/register?ref=UAMKZ47P *Code is UAMKZ47P CRYPTOCURRENCY MARKET PRICES AND DATA ► COINGECKO https://gcko.io/altcoin-buzz ? NOTE If you use the above referral links, we receive a commission at no additional cost to you. Disclaimer: The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.