Ethereum and Binance are two notable projects using deflationary mechanisms to their advantage.

What's a deflationary Cryptocurrency?

A deflationary cryptocurrency is a form of cryptocurrency with a depreciating supply of coins. In simple terms, the number of coins in circulation decreases, making an individual coin more valuable. Deflationary cryptocurrencies often have a fixed, maximum supply cap embedded within their code that cannot change.

Is litecoin deflationary?

Litecoin (LTC)

Here's another Bitcoin look-alike that made my list of deflationary tokens. Litecoin mining rewards are halved every 4 years. This means that the production of LTC decreases over time and will eventually stop once the supply reaches 84,000,000 coins.