Cryptos with a token burn that deflates the circulating supply like BNB, Tamadoge and now Terra Classic (LUNC) can hold their value better over time.
In this guide we put together a deflationary cryptocurrency list updated for the recent Q3 2022 news that Terra Classic will now have a 1.2% token burn to reduce its total supply – that news resulted in an over 70% pump for the LUNC price in a day in September, and over 100% in a week.
Top Deflationary Cryptocurrency List
- Love Hate Inu (LHINU) – Offering a limited supply of 100 billion tokens, Love Hate Inu has listed 90% of its total supply for the ongoing presale. Users can purchase $LHINU, stake the tokens, and earn rewards by voting on online meme polls.
- Ecoterra (ECOTERRA) – A sustainable cryptocurrency ecosystem that incentivizes users to complete sustainable deeds to earn cryptocurrency tokens. Offering a total supply of 2 billion tokens, Ecoterra’s native token can be purchased on presale.
- DeeLance (DLANCE) – This decentralized freelancing platform allows members to purchase tokens and use them on a metaverse ecosystem and on an NFT marketplace.
- Tamadoge (TAMA) – A play-to-earn ecosystem that burns 5% of all tokens spent on the online marketplace. TAMA has a total supply of only 2 billion, which will reduce over time.
- Lucky Block V1 (LBLOCK) – A competition and rewards platform offering different items to customers. 1% of transaction taxes are burnt to lower supply.
- Terra Classic (LUNC) – This cryptocurrency has announced a n ew 1.2% token burn, that will help limit the supply in the long-run.
- Binance Coin (BNB) – The native cryptocurrency of Binance – the leading crypto exchange in the world. The token offers quarterly buybacks and uses an auto-burn mechanism.
- FTX Token (FTT) – Regular anti-inflation buy/burn schedule by the exchange
- XRP (XRP) – Cryptocurrency used for cross-border payments and transactions. The platform burns a percentage of the transaction fees charged on the Ripple network.
- Polygon (MATIC) – Proof-of-Stake cryptocurrency which has implemented the EIP 1559 protocol – which will implement the burning of the native token.
What is a Deflationary Cryptocurrency – Key Points
- By the law of supply and demand, if an asset decreases in quantity, its intrinsic value per unit increases
- Scarcity and a finite, deflating supply are therefore bullish catalysts for token price
- Inflationary assets or those with an infinite supply have struggled to hold their value – e.g. Dogecoin (DOGE), Green Satoshi Token (GST)
- Many of the best crypto projects incorporate a regular manual token burn or automatic token burn mechanism. Update – Terra Classic announcing one resulted in an explosive LUNC price rise
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Reviewing the Best Deflationary Crypto Coins
Below we take a closer look at our list of the best deflationary cryptocurrencies and how they work:
1. Love Hate Inu – Best deflationary cryptocurrency to buy right now
Love Hate Inu is the first-ever blockchain-based online voting platform. On this ecosystem, users can participate in online voting polls to earn multiple rewards. $LHINU, the native token, is currently available to purchase on presale. The token is priced at $0.000135 but will jump to $0.000145 by the final presale phase.
This deflationary cryptocurrency can be staked on Love Hate Inu’s ecosystem. There is a mandatory 30-day staking period, and the platform uses real-time staking mechanisms to ensure that online votes and polls are conducted in a fair manner. Once your tokens have been staked, you can vote on multiple polls through the user interface.
As the platform’s adoption grows, it is likely that more $LHINU tokens are staked on the ecosystem. This will reduce the supply and potentially help the price push upwards. Every time a user votes on an online poll, they will receive free $LHINU tokens as rewards.
According to the Love Hate Inu whitepaper, the ecosystem will incorporate a vote submission platform by 2023. Users can submit new poll ideas on this feature. Moreover, members will be able to create and host their own polls as well. The poll creators will be responsible for distributing $LHINU tokens to the participants.
The final platform feature will be a management dashboard, which will ensure a safe and transparent voting process. Users will be keen to vote on the ecosystem since their identity will remain anonymous. For the presale, Love Hate Inu has allocated 90 billion of the total 100 billion token supply.
Thus, the platform team wants interested parties to join the community as soon as possible. Since the Love Hate Inu presale started, the project has raised close to $7 million. The presale hard cap is set at over $10 million. Join the Love Hate Inu telegram channel to stay updated with the presale.
Presale Started
8 March 2023
Purchase Methods
ETH, USDT, Credit Card
Chain
Ethereum
Hard Cap
$10,068,750
Min Investment
None
Max Investment
None
2. Ecoterra – Sustainable Cryptocurrency to Buy on Presale
Ecoterra is a new crypto platform that rewards customers and empowers businesses for taking steps to fight the battle against climate change. Through the Recycle2Earn application, platform members can earn $ECOTERRA, the native token, for recycling waste.
The platform is compatible with Reversed Vending Machines (RVMs) – which are used to recycle waste products. All one has to do is recycle waste on a nearby RVM, scan the transactions on the EcoTerra app, and receive free $ECOTERRA tokens. $ECOTERRA can be staked on the ecosystem, spent on ecological activities, or used to connect with recyclers in a marketplace.
One of the greenest cryptocurrency projects, Ecoterra allows members to spend their tokens on activities such as ocean cleanups, planting trees, and accessing its online educational platform. The tokens, which can be purchased on presale, can also be used by companies through the recycled materials marketplace.
On this marketplace, companies can connect directly with recyclers and buy products with $ECOTERRA. The cryptocurrency can also be leveraged to purchase Carbon credits through the carbon offsetting marketplace. Credits are offered as VCUs (Verified Carbon Credits) and can be burnt on the ecosystem.
The platform also provides businesses with an impact score – which tracks their overall impact on the ecosystem. This helps companies in working towards their circular economy since all activities can be tracked under one roof. The Ecoterra team has previously managed Delhaize – one of the most popular global supermarket chains.
$ECOTERRA has a total supply of 2 billion – 800 million, of which have been allocated for nine presale rounds. Currently, the token is priced at just $0.0625 but will rise by 60% to $0.01 by the final round. Ecoterra has raised over $2.36 million since the presale launched.
Read the Ecoterra whitepaper and join the telegram group to find out more about this sustainable cryptocurrency.
| Presale Started | March 29 |
| Purchase Methods | ETH, USDT, Card |
| Chain | Ethereum |
| Min Purchase | $10 |
| Max Purchase | N/A |
3. DeeLance – Decentralized Freelancing Cryptocurrency with Ongoing Presale
DeeLance is a decentralized freelancing platform connecting freelancers with clients. The ecosystem offers transparency in the transfer of ownership, crypto payments, and low fees and commissions for both parties. Furthermore, $DLANCE, the native token, can be used on the ecosystem to purchase items on a metaverse and to buy NFTs. Thus, the supply will dwindle in the long term.
To start off, $DLANCE already has a limited supply of only 1 billion tokens. Over 217 million tokens are being allocated for the ongoing presale. On the ecosystem, users will be able to leverage their tokens on the metaverse. The DeeLance metaverse will feature a lobby arena, meeting room, and office space. With your tokens, you can purchase virtual land to build items or advertize.
Clients can also lease office spaces with $DLANCE, engage in meetings and collaborate on projects with freelancers. $DLANCE tokens are also used to tokenize your works into NFTs through the NFT marketplace. Since NFTs are traced directly to the owner, there are no chances for any copyright infringements or fraud.
On the NFT marketplace, $DLANCE can be used to purchase other NFTs by selecting through NFT catalogs and showcase events. The platform also plans to create educational resources to teach users about the metaverse, NFTs, Web3 technologies, and much more.
Currently, $DLANCE is priced at $0.029 per token on presale. By the final presale round, the price will jump to $0.055 per token. The platform has raised over $460K since the presale started. For the centralized crypto exchange (CEX) listing, DeeLance has reserved 16% of the token supply.
Interested readers can check out the DeeLance whitepaper to find out more about this project. Join the telegram channel to keep yourselves updated with the latest news surrounding the project.
| Presale Started | March 30 |
| Purchase Methods | ETH, USDT, Card |
| Chain | Ethereum |
| Min Purchase | $10 |
| Max Purchase | N/A |
4. Tamadoge (TAMA) – 5% Token Burn
Tamadoge is an virtual pets game in which players mint Doge pets as NFTs, each with different attributes, strengths and weaknesses – then nurture, feed and train them ‘Tamagotchi’ style from puppy to adult.
When players purchase food and accessories using the in-game currency TAMA in the Tamadoge store, 5% of the transaction cost is permanently burnt to reduce the total supply of TAMA tokens from 2 billion coins.
Via Tamadoge whitepaper
Tamadoge is also on presale now at buy.tamadoge.io so we rank it high on our best deflationary cryptocurrency list due to its low price point and market cap – presales and pre-ICO crypto projects usually offer the lowest entry point possible.
The first recorded Dogecoin price for example shortly after its ICO and being launched on exchanges was $0.00055, and today DOGE is priced at $0.06 with an $8 billion market capitalization.
Dogecoin achieved that despite being inflationary – Dogecoin technically has an infinite supply and small inflation rate. Over the course of its price history since 2013, the total supply of Dogecoin has risen from 100 billion at launch to over 132.6 billion today.
Tamadoge aims to offer more utility than DOGE as the rewards token of the P2E Tamadoge battle app and mini-games, and be able to resist sharp price corrections – DOGE has retraced 92% since its ATH of $0.74 hit in May 2021. See our guide on how to buy Tamadoge.
5. Lucky Block V1 (LBLOCK) – 1% Burn on Sales Tax
The Lucky Block NFT competitions platform has two native tokens, its most recent upgrade is an Ethereum chain token used to facilitate for crypto exchange listings and more suited to day trading as it is tax-free (V2).
Its original Binance Smart Chain token LBLOCK V1 is used to play its jackpot games, and for holders to earn rewards – it is also deflationary as part of its 12% transaction tax – 1% – is burnt to reduce the circulating supply.
Learn more about the Lucky Block project in its official Discord where both tokens are explained in detail.
As well as being a deflationary crypto LBLOCK V1 is now likely an undervalued cryptocurrency – since the token is over 97% below its all-time highs. However, the cryptocurrency is up by more than 70% in the last 7 days.
LBLOCK V1 (and V2) have several upcoming bullish catalysts – firstly the ERC-20 V2 token is now listed on Gate.io, one of the highest trading volume crypto exchanges (ranked in the top 10 by CoinMarketCap), giving it more room for growth that also benefits the V1 token.
Secondly the Lucky Block team are implementing an Ethereum bridge audited by CertiK to allow V1 and V2 tokens to be exchanged seamlessly. See our LBLOCK V2 price prediction post for more details on the ETH bridge.
6. Terra Classic (LUNC) – Now a Deflationary Crypto
The original Terra (LUNA) token – before its crash alongside the collapse of UST – has now been renamed Terra Classic (LUNC) and still available to buy on safe regulated exchange such as eToro.
LUNC coin may now be a safer crypto to invest in as it has announced a token burn to reduce its circulating supply – part of the reason it crashed was the hyper inflation of its total supply from around 350 million to 6.5 trillion – causing the price per token to decline over 99.99% in May 2022.
The new LUNA and old LUNA – rebranded as LUNC – also didn’t perform well at first immediately after the hard fork, since late May. However as of September the bullish LUNC news investors were waiting for finally materialized – when a token burn was voted on.
That will enable LUNC to become a deflationary cryptocurrency as of September 12th – with a 1.2% token burn reportedly set to be applied to all transactions on the network. Twitter Account ‘LUNC burn’ (@LunaBurn_13) also reported 3.08 billion LUNC tokens have already been burned prior to that date.
The Terra Classic price pumped over 70% in a day on September 1st, 2022. See our guide on how to buy LUNC.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
7. Binance Coin (BNB) – Big Cap Deflationary Cryptocurrency
Binance Coin (BNB) is the native token of the largest crypto exchange in the industry by trading volume, Binance – which supports over 600 cryptocurrency tokens.
BNB itself has been one of the best performing cryptocurrency assets of all time, rising to the 5th highest market cap asset only behind Bitcoin, Ethereum, Tether (USDT) and USD Coin (USDC).
The Binance network regularly carries out a buyback and burn each quarter, whereby the Binance team decreases the amount of BNB tokens in circulation. Its 20th quarterly burn for example was completed in July during which 1,959,595.29 BNB were burned.
When it launched in 2017 the Binance Coin total supply was 200 million – as of September 2022 that is now just 161 million, an almost 20% reduction. In December 2021 an auto-burn protocol was implemented to make the deflation rate even more transparent for traders.
As well as Binance, BNB is today listed on most crypto exchanges including eToro.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
8. FTX Token (FTT) – Weekly Buy & Burn
Another of the best performing crypto coins on its ALT/BTC pair is the native token of FTX exchange, FTX Token (FTT).
The FTT/BTC chart closed a monthly candle above 0.00133 in August 2022 and is in one of the strongest uptrends of any crypto asset, partly due to being a deflationary cryptocurrency as well as the work Sam Bankman-Fried has done to build up FTX and stem crypto contagion during the 2022 bear market.
FTX buys back FTT on its spot FTT/USD market, then burns it according to a weekly schedule beginning each Monday at 22:00 UTC and ending by 23:59 UTC+8 on Tuesday.
So far according to FTX exchange 19,916,646 FTT tokens have been burnt at the time of writing, a significant deflation of the circulating supply. Each week the burn transaction ID is listed on the website for transparency.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
9. XRP (XRP)
Ripple’s XRP is also a deflationary currency, as transaction fees paid in XRP on the Ripple network are burned, permanently removing those XRP tokens from the circulating supply and total supply.
When Ripple first started trading in 2013, its maximum supply and total supply were 100 billion XRP – due to deflation the total supply today is 99,989,318,921 XRP.
While the XRP deflation rate is relatively low, it was one reason for its popularity during the 2017 bull run alongside its low price per token. XRP is still a top 10 crypto asset despite correcting from its all time high of over $3 to just over 30 cents today.
XRP vs XLM is an often cited example of an inflationary vs deflationary cryptocurrency – XLM first launched with a fixed inflation rate of 1% annually, which was later removed. Protocol 12 was voted on to disable the inflation due to ‘operational costs associated with inflation payments’.
Another reason XRP may be a good buy is many investors are optimistic Ripple will win its ongoing case against the SEC. In August 2022 Ripple also became a partner of the World Economic Forum.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
10. Polygon (MATIC) – New Deflationary Cryptocurrency in 2022
In January 2022 Polygon, an Ethereum side chain network, implemented the Ethereum EIP-1559 update within its ecosystem – that went live on the Polygon mainnet on January 17th.
The official Polygon blog at the time stated: ‘The much-anticipated implementation of Ethereum Improvement Proposal 1559 is coming to the Polygon blockchain, bringing with it burning of the native MATIC token and better fee visibility.‘
Users can now monitor Polygon burning through a public interface, Polygon Burn. EIP-1559 is estimated to burn 0.27% of the total MATIC supply in a year.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion
This guide has reviewed 10 of the top deflationary cryptocurrency tokens. One of the top cryptocurrencies from this list is Love Hate Inu (LHINU) – a vote-to-earn online meme platform. The first-ever blockchain-based voting algorithm, Love Hate Inu lets users stake tokens, vote on polls and earn free cryptocurrency.
$LHINU, the native token, can be purchased on presale for $0.000135. The project has raised more than $6.7 million since the presale went live.
Love Hate Inu - Next Big Meme Coin
- First Web3 Vote to Earn Platform
- Latest Meme Coin to List on OKX
- Staking Rewards
- Vote on Current Topics and Earn $LHINU Tokens