Best Deflationary Cryptocurrency Projects to Buy in 2024
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Deflationary cryptocurrencies have a total token supply that decreases over the course of time. This means that in theory, the value of the cryptocurrency will increase as the supply is reduced, not least because the token becomes scarcer.
In this guide, we analyze the best deflationary cryptocurrency to consider investing in today.
Top Deflationary Cryptocurrency Projects
- The Pepe meme gets its own Ethereum Layer-2 chain
- Stake $PEPU to earn double the staking rewards through Layer-2 technology
- Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
ETH
bnb
usdt- +1 more
- Meme coin project bringing together every top meme coin in the world.
- Features a revolutionary staking contract that allows all top meme coins to be staked on one singular platform.
- Stake $STARS for big rewards and claim your tokens at the end of the presale phase.
- ETH
- usdt
Bank Card- +1 more
- First-of-its-kind Vote-To-Earn DAO, giving holders the power to control the destiny of the project.
- Early adopters of this meme coin earn massive rewards for buying and staking their tokens during presale.
- 25% of supply reserved for staking $FLOCK tokens and watching rewards hatch.
- ETH
- usdt
- Bank Card
- +1 more
- A brand new play-to-earn casino that allows wagering with meme coins
- Exclusive rewards such as airdrops, bonuses and loot boxes for token holders
- A selection of thousands of crypto games to play, including a sportsbook
- ETH
- usdt
- Bank Card
- +2 more
- Trending meme coin with P2E utility & staking rewards
- Price up 10x in past month, rumors of Binance listing
- 12k+ holders and growing
- Bank Card
- usdt
- ETH
- New meme coin offering an immersive Wild West crypto experience with high-stakes battles
- Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 2,000% p/a
- Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
- ETH
- usdt
- bnb
- +1 more
- Easy to integrate Dogecoin spinoff, celebrating 10 years of the original Dogecoin
- Secure and transparent staking on ETH blockchain, with high passive rewards for holders.
- Scheduled to be launched on major crypto exchanges in Phase 3 of roadmap, ensuring widespread accessibility and adoption.
- usdt
- Bank Card
- ETH
- New token that aims to revolutionise how digital currencies are used in everyday commerce.
- $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
- Loyalty incentives, airdrops, and participation rewards for community members.
- bnb
- usdt
- Bank Card
- +5 more
- Native token of the DTX Exchange that offers 1000x leverage
- Almost $1 million already raised in just a short time
- Upcoming crypto giveaway where 10 presale participants will win $100,000 worth of DTX Token each
Bitcoin- ETH
- usdt
- +2 more
- Forecast the outcomes of Formula One races and compete with fans worldwide for a spot on the leaderboard.
- Use $BDJ tokens to participate in prediction markets, stake for additional rewards, or hold for potential future value appreciation.
- Buy and stake $BDJ to earn up to 6,811% in passive income rewards.
- ETH
- bnb
- usdt
- +1 more
- Latest crypto ecosystem designed to power all upcoming dApps.
- With no gas fees, lightning-fast transactions, crypto staking options and more, JetBolt is one to watch.
- Buy and stake JBOLT tokens to earn rewards.
- Bank Card
- ETH
- Bitcoin
- +2 more
The 13 Best Deflationary Cryptos to Invest in
After countless hours of market research, we found that the 16 best deflationary cryptocurrency assets are those listed below:
- Pepe Unchained: Trending meme coin with Layer 2 network that raised $17.8 million in presale.
- Crypto All-Stars: Meme coin platform with unified staking and presale rewards.
- Base Dawgz: Multi-chain meme token with staking rewards on the Base blockchain.
- Shiba Shootout: Wild West-themed meme coin offering high staking rewards.
- Mega Dice Token: Solana-based casino token with a $2.25M player giveaway, raised $1.7M
- Sponge V2: Upgraded meme coin with high staking APY and upcoming P2E game.
- Bitcoin – Deflationary cryptocurrency with a cap of just 21 million BTC tokens.
- BNB – Large-cap cryptocurrency with frequent token burns.
- XRP – Interbank payment network that automatically burns transaction fees.
- Cronos – Proof of authority blockchain that backs the Crypto.com ecosystem.
- Shiba Inu – Meme coin and metaverse project with a deflationary supply.
- PancakeSwap – Ongoing burning mechanism reduces the long-term supply of CAKE.
- Polygon – EIP-1559 deployment means that MATIC fees are burned.
Analyzing the Best Deflationary Cryptocurrencies
It goes without saying that investors shouldn’t look to gain exposure to a cryptocurrency just because it is deflationary. On the contrary, in-depth research needs to be conducted into the future potential of the cryptocurrency, from an investment perspective. To help clear the mist, we will now analyze the 16 best deflationary cryptocurrency assets in the market right now.
1. Pepe Unchained: Trending Meme Coin With Layer 2 Network that Raised $17.8 million in Presale
The best deflationary crypto to buy right now is Pepe Unchained ($PEPU). Pepe Unchained ($PEPU) is a new meme coin built as a layer-2 network on Ethereum. It aims to offer a much faster, cheaper version of Ethereum’s blockchain.
The platform’s native token, $PEPU, is deflationary and has a supply limit of 8 billion. In the ongoing presale, 20% of these tokens are offered to early buyers at a discounted price. You can buy $PEPU tokens for only $0.0083926 each using ETH, USDT, or BNB.
It’s worth noting that $PEPU token presale raised over $17.8 million in just a few weeks of launch.
The platform aims to recreate the success of the original Pepe token while adding its own special features. This is why it has created a utility-focused platform that addresses some of blockchains’ main challenges.
Additionally, it rewards its token holders with high passive income via a staking system. Early $PEPU stakers can earn as high as 590% APY at the time of writing. This rate will decline as more people join the staking pool.
Buyers can join the Pepe Unchained Telegram group to interact with other community members. You can also follow the platform on X (Twitter) to get the latest presale updates.
| Presale Started | June 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Pepe Unchained (Ethereum L2) |
| Starting Price | $0.008 |
| Current Price | $0.00993 |
| Raised So Far | $17.8 million |
2. Crypto All-Stars: Unified Meme Coin Platform With High Staking Rewards
Crypto All-Stars ($STARS) is emerging as one of the most exciting meme coin projects. It offers a unified platform that combines the fun of meme coins with the financial benefits of staking.
Built to capitalize on the growing interest in meme coins, Crypto All-Stars introduces a unique staking system that allows early investors to earn substantial passive income.
The $STARS token has a capped supply of 1 billion, with a significant portion allocated for its presale.
Early buyers can purchase $STARS tokens at a discounted price, with the option to stake them immediately for high returns. The ongoing presale has already gained significant traction, with the project raising over $2.06 million in just a few weeks.
Crypto All-Stars offers a robust utility platform that supports its staking mechanism. Early stakers can currently earn an impressive APY of around 720%, though this rate is expected to decrease as more investors join the platform. You can stay updated and engage with the community by joining the Crypto All-Stars Telegram group and following its X (Twitter) account. You can also check out their whitepaper for more information.
| Presale Started | August 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | Ethereum |
| Starting Price | $0.00139 |
| Current Price | $0.0014828 |
| Raised So Far | $2.06 million |
3. Base Dawgz: Multi-chain Meme Token With Staking Rewards on The Base Blockchain
The next crypto on this list is Base Dawgz ($DAWGZ), a popular meme coin on the Base blockchain. What makes it unique is that it can work across different blockchains.
It uses a Doge character to “base jump” between blockchains like Base, Ethereum, Solana, Binance Smart Chain, and Avalanche.
The meme crypto has a supply limit of 8.453 billion tokens, and 20% of these tokens are currently available at a much lower price in the presale before they hit exchanges.
Early buyers can get $DAWGZ for just $0.008582. This price will soon increase in the upcoming presale round. The platform also has a highly rewarding staking portal for presale buyers. You can earn an APY of nearly 1940% at the time of writing. Please note that this rate will decline as more people join the staking pool.
Base Dawgz aims to attract more users and potentially grow faster by working across different blockchains. The project has also built a strong community through social media platforms like X (Twitter) and Telegram.
| Presale Started | June 2024 |
| Purchase Methods | ETH, USDT, USDC, BNB, AVAX, SOL |
| Chain | Multi-chain |
| Starting Price | $0.00479 |
| Current Price | $0.008582 |
| Raised So Far | $3.25 million |
4. Shiba Shootout: Wild West-themed Meme Coin Offering High Staking Rewards
The next crypto showing a high upside potential is Shiba Shootout ($SHIBASHOOT). It’s a trending new meme crypto that blends the popularity of dog-themed cryptos with a Wild West theme.
$SHIBASHOOT has a supply limit of 2.2 billion tokens. 35% of these tokens are available in the ongoing presale phase. Investors can buy $SHIBASHOOT tokens using ETH, USDT, or BNB.
Unlike typical meme coins, the platform aims to offer actual utility beyond mere price speculation. This is why it also has a staking portal for its token holders. Early stakers can earn an APY of over 1,500% at press time. But this rate will decline as more investors join the staking pool.
Shiba Shootout plans to add some fun features:
- Voting (DAO): Token holders can help make decisions about the project.
- Posse Rewards: A referral program where players can earn bonus tokens.
- Lotteries: More chances to win rewards.
You can also buy tokens with BNB. While this option doesn’t give you staking rewards, it might be cheaper because of lower fees. Buyers can join Shiba Shootout’s Telegram group and follow its X handle to keep up with the latest progress.
| Presale Started | April 2024 |
| Purchase Methods | ETH, BNB, USDT, Card |
| Chain | BNB Chain |
| Starting Price | $0.0187 |
| Current Price | $0.0205 |
| Raised So Far | $1.19 million |
5. Mega Dice Token: Solana-based Casino Token With a $2.25M Player Giveaway, Raised $1.7M
A trending new GambleFi that’s making huge waves is Mega Dice Token ($DICE). It’s the native crypto of the Mega Dice Casino, with a supply limit of 420 million tokens.
The platform’s recently launched presale offers 35% of these tokens at a relatively low price. It’s selling out for $. However, the price will keep increasing throughout the presale phases.
The initial investor response was quite positive, as the token raised over $1.7 million within a few months of launch.
It’s worth noting that the token is built on Solana, making transactions relatively cheap and lightning-fast. The main features of Mega Dice Token include:
- Rewards for playing games and daily bonuses
- Exclusive NFTs that give extra casino rewards
- A big $2.25 million giveaway for casino players
- Extra bonuses for early buyers and for inviting friends
Mega Dice Token wants to create an exciting platform for players by combining the fun of gaming, gambling, and blockchain. Players can interact with each other on the Mega Dice Token’s Telegram channel and follow it on X (Twitter) to get the latest updates.
| Presale Started | April 2024 |
| Purchase Methods | SOL, ETH, BNB |
| Chain | Solana |
| Starting Price | $0.069 |
| Current Price | $0.06761 |
| Raised So Far | $1.7 million+ |
6. Sponge V2: Upgraded Meme Coin With High Staking APY and Upcoming P2E Game
Another token making huge waves in the meme coin space is Sponge V2 ($SPONGEV2). It’s essentially an upgraded version of the original $SPONGE meme coin that saw huge gains in 2023.
The token’s supply limit is 150 billion tokens, with nearly 43% of the tokens set aside for staking rewards. This new version is on the Polygon network and has even more features and utility.
It allows holders to convert their V1 tokens to V2 through a stake-to-bridge mechanism and offers bonus tokens for staking. The project plans to launch a play-to-earn game where users can earn $SPONGEV2 tokens.
Early buyers can currently earn high APY for staking their tokens. They can get an APY of over 45% at the time of writing.
The platform has plans to list the new $SPONGEV2 token on more crypto exchanges soon. It’s also worth noting that the platform already has an established community of over 20,000 members.
Buyers can enter the Sponge v2 Telegram group and follow its X (Twitter) handle for the most recent updates.
7. Bitcoin – Deflationary Cryptocurrency With a Cap of Just 21 Million BTC Tokens
Ever wondered what the best recession-proof crypto is? The de-facto digital asset of choice and global store of value – Bitcoin, is perhaps the best deflationary cryptocurrency to buy today.
Founded in 2008 and launched in 2009, Bitcoin’s pseudonymous developer, Satoshi Nakamoto, wanted to create a decentralized payment network that could compete with and overtake traditional fiat money. Today, Bitcoin is a multi-billion dollar asset class with more than 46 million holders in the US alone. One of the most attractive aspects of Bitcoin is that it is a deflationary asset with a limited supply of just 21 million tokens.
This figure is expected to reach approximately 118 years. In the meantime, new Bitcoin tokens enter circulation on a 10-minute cycle. Initially, 50 BTC tokens were added to the circulating supply every 10 minutes, but this has since been reduced to 25 BTC, 12.5 BTC, and, as of writing, 3.125 BTC. The reason for this is that periodically, the Bitcoin mining reward is halved.
Crucially, Bitcoin is viewed as a store of value rather than a medium of exchange, and it carries even greater hallmarks than gold. For instance, Bitcoin can easily be transferred and stored, in addition to being split into small units.
Perhaps Bitcoin’s greatest challenge at this moment is its proof-of-work crypto mechanism, which is detrimental to the environment. Nonetheless, considering that Bitcoin is currently trading at $61,923.48, it may be the best long-term cryptocurrency to buy.
8. BNB – Large-Cap Cryptocurrency With Frequent Token Burns
BNB, formally branded as Binance Coin, is the native cryptocurrency of the world’s largest exchange. Launched in late 2017 at just over $0.10 per token, BNB is one of the best-performing cryptocurrencies of all time. Based on the all-time high it achieved in 2021, BNB has since increased in value by more than 6,000x.
Not only is BNB used by traders on the Binance exchange to reduce commissions by 25%, but it also offers a wide range of other use cases. This includes the ability to earn interest via staking. Moreover, BNB serves as the native currency of the Binance Smart Chain. As such, any transactions on the network are settled in BNB.
The total supply of BNB is 200 million tokens. However, this is a deflationary cryptocurrency in nature, not least because Binance regularly burns tokens that are in circulation. Binance recently also executed its 21st token burn. To date, nearly 40 million BNB tokens have been burned – which amounts to almost 20% of the total supply.
Furthermore, and perhaps most importantly, the BNB token-burning program is self-sufficient. Binance buys the respective tokens from the open marketplace using funds raised from trading commissions. Considering that Binance regularly attracts over $10 billion in daily trading volume, there is no reason to believe its burning program will stop soon.
9. XRP – Interbank Payment Network That Automatically Burns Transaction Fees
XRP could also be considered the best deflationary cryptocurrency to invest in right now. This project has been operational since 2012, which makes it one of the most established cryptocurrencies in the space. XRP primarily serves banks and financial institutions through its innovative payment network technology.
The long-term objective of XRP is to replace the SWIFT network. XRP appeals to institutions that need to perform cross-border payments, not least because transactions take a matter of seconds to complete. Moreover, XRP can currently handle up to 1,500 transactions per second, irrespective of which currencies are utilized in the transfer.
To explain why this is a deflationary cryptocurrency, the XRP network automatically burns tokens associated with transaction fees. The standard transaction fee amounts to 0.00001 XRP, which, although minute, could eventually translate into a sizable number of burned tokens if its network is utilized by the global banking network.
Those considering an investment in XRP will be pleased to know that the digital currency is trading at a huge discount compared to previous highs, making it one of the most undervalued cryptos on the market right now. Compared to its all-time high of $3.84, which was achieved in 2018, XRP is trading at an 87% discount. The coin traded at $.
10. Cronos – Proof of Authority Blockchain That Backs the Crypto.com Ecosystem
Cronos is the digital currency that backs the Crypto.com ecosystem. It operates on a proof-of-authority consensus mechanism, which ensures that transactions are fast, scalable, and cost-effective. Similar to Binance’s BNB token, Cronos serves plenty of use cases. This includes offering traders of the Crypto.com exchange discounted trading fees.
When borrowing funds, Cronos holders can also take advantage of higher APYs when utilizing Crypto.com crypto interest accounts or lower APYs. Cronos can also be used to fund the Crypto.com debit card, which enables users to spend their digital assets in the real world. The overarching reason why Cronos is deflationary is that Crypto.com regularly engages in token burning.
Many billions of Cronos tokens have been burned to date, which many argue is reflected in the cryptocurrency’s value. For instance, CoinMarketCap notes that Cronos originally traded at $0.02 when it hit public exchanges in 2018. The token hit an all-time high of just under $0.97 in 2021, representing growth of over 47x. It currently traded at $0.08, nearly 91% below its ATH level. For more info on Cronos’ price in the future, check out our $CRO price prediction.
11. Shiba Inu – Meme Coin and Metaverse Project With a Deflationary Supply
Shiba Inu was created in 2020 as a meme coin alternative to Dogecoin. The project – designed by an anonymous developer, very quickly amassed a huge online following via its social channels. This resulted in Shiba Inu becoming the fastest-growing cryptocurrency of all time.
Although initial pricing data remain sketchy, Shiba Inu has grown by several million percentage points. In fact, Shiba Inu is now a multi-billion dollar cryptocurrency and a top-15 project by market capitalization. Although the project’s rise was largely built on speculation and FOMO, it is looking to move away from its meme coin status. At the forefront of this is the project’s development of its metaverse world.
The Shibaverse will be home to thousands of virtual plots that SHIB token holders can purchase. Each plot will be backed by an NFT that operates on the blockchain. It remains to be seen if Shiba Inu will become the best metaverse coin or if the likes of Decentraland and the Sandbox will continue to lead the way in this space.
Nonetheless, when it comes to its deflationary crypto coins policies, Shiba Inu regularly burns tokens from its circulating supply. One such angle that the project is taking to fund its burning program is by utilizing 5% of any NFT sales to buy back tokens from the open marketplace.
12. PancakeSwap – Ongoing Burning Mechanism Reduces the Long-Term Supply of CAKE
PancakeSwap is the most popular decentralized exchange for trading tokens that operate on the Binance Smart Chain. Like most exchanges in this space, PancakeSwap has its own native token, CAKE.
There are several use cases that CAKE token holders have access to. This includes providing liquidity to PancakeSwap pools, which enables investors to earn a share of any trading commissions collected by the exchange. CAKE holders also have access to higher-yield farming APYs.
CAKE could also be considered an attractive addition to an investment portfolio, considering how quickly the exchange has grown since its launch in 2020. As of writing, CAKE has a market capitalization of just over $494 million, so there is plenty of upside to target. Furthermore, investors might be attracted by the project’s regular token-burning mechanism.
The objective outlined by PancakeSwap is to ensure that more tokens are being burned than those entering circulation. This is an automated process based on many smart contract agreements. For instance, 10% of CAKE tokens utilized to buy lottery tickets on PancakSwap are subsequently burned.
13. Polygon – EIP-1559 Deployment Means That MATIC Fees Are Burned
Polygon is a layer-2 scaling solution for the Ethereum blockchain. This means that developers can build decentralized applications cost-effectively and scalable via the Ethereum framework. Polygon has its own native cryptocurrency, MATIC, which now has a multi-billion dollar market capitalization.
Since migrating to the EIP-1559 standard, Polygon has been a deflationary digital asset. When transaction fees are paid in MATIC, the tokens are subsequently burned from the circulating supply. Polygon has a total supply of 10 billion tokens, and as of this writing, MATIC is trading at $0.494, at an 89% discount from its ATH.
What Is Deflationary Crypto?
In a nutshell, deflationary cryptos are digital assets with a decreasing supply. This means that over time, fewer tokens will remain in circulation. This starkly contrasts traditional fiat currencies like the US dollar and euro, which are inflationary. The reason for this is that the Federal Reserve and European Central Bank regularly print new money, which subsequently enters the supply. As a result, fiat currencies consistently lose value due to inflation.
Deflationary cryptocurrencies, on the other hand, do the complete opposite. In theory, and assuming that the respective token retains its demand, the value of a deflationary cryptocurrency will rise over time. This is because the cryptocurrency becomes scarcer, which can potentially increase its value as the supply is reduced. Some of the best deflationary cryptocurrency projects discussed on this page include Pepe Unchained and Bitcoin. These also happen to be some of the best cryptos to buy during the crash.
Why Invest in Deflationary Tokens?
Deflationary cryptocurrencies may appeal to long-term investors for a wide range of reasons – which we discuss in more detail in the sections below.
Inflationary Cryptocurrencies Diminish in Value
The easiest way to assess the benefits of investing in deflationary cryptocurrencies is to first understand their inflationary counterparts’ drawbacks.
- As a prime example, Dogecoin is an inflationary cryptocurrency.
- The reason for this is that Dogecoin increases the supply of its token by 10,000 DOGE for each block that is minted.
- This translates into 5 million new Dogecoin tokens each and every year.
- As a result, the true value of Dogecoin continues to decline as every year passes.
This is much the same as holding US dollars in a bank account. Considering the unprecedented inflation crisis currently facing global economies, cash continues to lose its value.
Supply Decreases Over Time
In contrast, the best deflationary tokens offer an attractive long-term outlook. Crucially, this is because the overall supply of the token will continue to decline. As noted earlier, the likes of Pepe Unchained operate deflationary policies, which means that tokens regularly leave the circulating supply. The theory is that if the supply of the token continues to decline and demand remains consistent, then the value of the cryptocurrency will increase.
- This is much the same as a share buyback program initiated by publicly traded stocks.
- When the company in question utilized free cash flow to buy back its own shares, this typically has the desired impact of artificially increasing the value of the stock.
Many Mechanisms to Reduce The Supply
The best deflationary cryptocurrency projects have many options when it comes to reducing the overall supply of their token. This includes:
Burning
One of the main ways that projects reduce their token supply is through regular token burns. The tokens are sent to a ‘burn wallet’ that cannot be accessed under any circumstances, which essentially removes them from the supply.
Buy Back
Some cryptocurrency projects will utilize funds raised from their respective products and services to buy back the token from the open marketplace. As noted above, this is much the same as a traditional stock buyback program. This system is utilized by Binance, which buys BNB back from the market with the fees it collects from trading commissions.
Transaction Fees
Another method that the best deflationary cryptocurrency projects utilize to reduce the supply of their token is to burn transaction fees. This means that when the sender pays for a transaction in the native cryptocurrency, the tokens leave the circulating supply. This method is utilized by the likes of Polygon and XRP.
Conclusion
In summary, deflationary cryptocurrencies appeal to investors largely because the overall supply of tokens will reduce over time. Assuming that demand for the token remains intact, the theory is that deflationary cryptocurrencies will continue to increase in value as the supply declines.
With a supply limit of 8 billion tokens, we recommend Pepe Unchained as one of the top investments right now. $PEPU is priced at $0.00993 in the ongoing presale.
FAQs
What is deflationary cryptocurrency?
Deflationary cryptocurrencies are those that see their circulating supply decrease over time. In turn, if demand for the token increases, this can have the desired impact of increasing the cryptocurrency’s value. After all, if there are fewer tokens available in the market and demand is on the up, its value will naturally rise.
What cryptocurrencies are deflationary?
Examples of deflationary cryptocurrencies include Bitcoin, BNB, XRP, Shiba Inu, and Polygon. Consider checking out newer deflationary projects like Pepe Unchained ($PEPU).
Is a deflationary crypto good?
On the one hand, buying a cryptocurrency that is deflationary will not necessarily result in greater gains when compared to inflationary alternatives. For instance, although Ethereum was inflationary for seven years before its recent PoS merge, it still remained the second-largest cryptocurrency by market capitalization. However, holding deflationary cryptocurrencies like Bitcoin or Pepe Unchained is likely a better strategy in the long run. After all, investors do not need to worry about the inflation risk.
What is the best deflationary cryptocurrency?
Overall, we found that Pepe Unchained ($PEPU) could be one of the top cryptocurrency tokens to consider buying. It has a supply cap of 8 billion with an affordable token price during the presale.
Is Ethereum deflationary?
Before its recent transition to proof-of-stake, Ethereum was an inflationary cryptocurrency. This is because new tokens entered circulation each year. However, since the merger, Ethereum has become a deflationary cryptocurrency. This makes it even more attractive, in addition to its solid smart contract ecosystem.
Is Bitcoin deflationary?
Put simply, yes—Bitcoin is deflationary. The world’s largest cryptocurrency by market capitalization releases new BTC tokens into circulation every 10 minutes. This will continue until Bitcoin reaches a total supply of 21 million. At this point, no additional BTC tokens will ever enter circulation.
Michael Graw 
Alan Draper 
