Deflationary crypto (or token) means it decreases it's market supply as time goes by. Algol is built on the Binance Smart Chain (BSC) and implements a few trick to reward holders (or Hodlers) more than speculative investors.
TOKENOMICS
Burn
For every transaction, 1 % is burned, moving the tokens to dead address
Reflection
7 % of every transaction (buy/sell) is sent to hodlers (to recover taxes)
Liquidity Pool
4 % of every transaction (buy/sell) is sent to exchange Liquidity Pool
Supply
Total supply is 50 trillion,way less than the majority of reflective coins
...furthermore an 1% is given to charity!
Who's behind the project?
Some engineers and programmers are behind this project, but most importantly, this project is community driven. Every investor is part of this project.
