After Sushi Dump CZ reply with Highly risk especially on Defi project ?? Agree ? - page 4.

suzanne5223

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Quote from: Bubu9844 on September 07, 2020, 02:53:30 AM

After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.

Cz Binance was absolutely right when he said on Twitter but I don't know why you guys are making big deal out of his statement but the part I don't like about the Capital market which are not doing the right research before listing Defi project cause 90% of all crypto investors trust the project listed on CMC.
@OP, I think you need to make your statement more clear next time.

BayAngelo

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The sushi guy claims that he wants the community to be in charge of the project. he wants to reduce his authority on the project thereby accruing a huge amount of money from sushi tokens to Ethereum. the good aspect of it is that the community will decide the welfare of the project while the market controls the token price. recently, they said he handed the project over the FTT Exchange owner. Terrible.

Pffrt

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I think it was unethical behavior from Binance to list coins without knowing the founder of the project and risk the investors.
Anyway, Defi is having huge hype these days and newbies are investing without knowing at all. It has been always with the trend/hype. If you check the yearn finance, you will see how much manipulation is there; still some people are investing.

tsaroz

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It's the right thing to tell by CZ at the moment. Binance is an exchange which faciliates trading between sellers and buyers, it can guarantee anyone about the value or future of a coin. They can't always research about the project and list only those who they finds have a potential. With so much of new projects and if they don't list them, users would move on to exchanges that does. I don't think it would be necessary to blame binance for such discrete incident.

Mahanton

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Quote from: Bubu9844 on September 07, 2020, 02:53:30 AM

After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.

Please Follow every single DeFi project with team activity , management , what they think about their project in coming days..
We have to invest or not .

Every time research first about that project ... Newbies are only finding DeFi project currently and then they invest on that without any research & all that

Those words are definitely true yet Binance owner itself does know on how this market works and he do already see everything when it comes to hypes just like into those ICO days.
Now on this year we do have DeFi which it would really be just the same.Its not really that surprising if there are things that getting hyped then most people do really become careless
or do become too greedy thats why it do result into these kind of damage or devastation into their investment portfolios and later on they do whine that they had been fucked
up on that project.

LbtalkL

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CZ made a tweet before he said that be careful of this super high yield returns on Defi, I was surprised that they list this sushi even if the founder is anonymous which is pretty risky move. I consider binance as very strict on verification but listing a project with unknown founder? That's is a big question mark and that founder made an early exit and dump all of his tokens.

casperBGD

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Nil Satis Nisi Optimum

Quote from: Lagduf on September 07, 2020, 09:01:08 AM

CZ could not even stand with his opinion regarding the sushi swap coin. He was saying like that but in another side he was also listing the garbage coin like sushi swap coin on his exchange site

He was only feeling the care to take the profit and this time the creator of sushi was running with all of the money from his premined coin and FTX was acquired sushi project. This looks like unreal story between the creator of sushi, binance and FTX.

yeah, it is almost unbelievable to see what happened to Sushi, but one who invested in it, should think twice before investing, after investment and dump that happened, you have nobody to blame, other than yourself
on the other hand, Binance reputation was never too high, and this will lower it, but i do not expect that their turnover will go down, there is too much greed on the market at the moment

Lagduf

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CZ could not even stand with his opinion regarding the sushi swap coin. He was saying like that but in another side he was also listing the garbage coin like sushi swap coin on his exchange site

He was only feeling the care to take the profit and this time the creator of sushi was running with all of the money from his premined coin and FTX was acquired sushi project. This looks like unreal story between the creator of sushi, binance and FTX.

Kotone

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Quote from: Bubu9844 on September 07, 2020, 02:53:30 AM

After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.

If you dont know CZ is also a businessman. Of course this is only due to business. If he didnt add sushi they will be added by other market leaving them the chance to add liquidity on their market. I always know how a chinese guy think. They are probably sure that sushi has an anonymous dev but not to let down they still added it.

thesmallgod

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Newbies are only interested in making profit within a short period. It is only when things get sour they try to understand what they are into. Defi is trending and what majority see is one token with more than 500% rise within short time so they join and also put their money into it. Majority of defi project today don't even have a fully developed platform not to talk about white paper and roadmap aside some existing project that also dive into defi

bct_ail

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https://t1p.de/6ghrf

I haven’t seen the twitter post which is mentioned by the Thread starter. But regardless of this, CZ shows a double standard. Just look at this post on twitter. On the one hand he warns about it and on the other hand it is one of the first to list the tokens at his CEX.

Source: https://twitter.com/cz_binance/status/1300795684145127424

masterrex

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Its a continuing cycle and CZ has no power to reverse it, just like 2017-2018 trend many were after the FOMO and buying any coins/tokens they want just like these days but It was was used another word and this time its Defi the FOMO in the past days is real thats why many investors are caught and weep because their money was gone with the wind. I feel sorry for them but its part of the game and the worst side of FOMO!

istiak2277

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KUWA.ai

What CZ said is correct but what he has done is not right. Before CZ said that when a new project is listing in binance that project needs to fill detailed information about the founder of the project. But now he said that he doesn't know who is the founder is. If he didn't know who is the founder is then why he listed that project. They just care about their money, not investors.

kingzpro

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DIFX - Digital Finacial Exchange

Sushiswap's owner chef nomi has allegedly cashed out 37000 Eth which is huge to say the least and now he is looking to handover the project to some other developer, news reporting that ftx will be getting sushiswap development and management. This is massive modern day exit from chef nomi to say the least. Binance should also ramp up their due diligence process to list only top quality projects.

Investo20

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Cz is right from one point of view. They are also doing business. We think that Cz is listing means they everything is fine. But that's not. We have to stop taking Cz as a legit marker.
Cz also doing business and if any project give a good reason to trust them and pay the money properly then why they will not list the project.
We have to do our own research everytime and the risk is also ours.
This is right from Cz's end but If they always keep that careless responsibility then this will effect their reputation definitely sooner or later.

Jawhead999

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Quote from: Bubu9844 on September 07, 2020, 02:53:30 AM

After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag

IMO CZ is very late to take decision and responsibility on crypto news.
IIRC SUSHI crashed on 1-2 days ago, while YAM has been crashed around 1 month ago. He need to warn first if they want to list a DeFi token, reacting after the coin/token crashed is not a wise idea.

Even though this is not 100% CZ fault, but he can save many newbies if he warn it before.

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: Bubu9844 on September 07, 2020, 02:53:30 AM

After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.

Please Follow every single DeFi project with team activity , management , what they think about their project in coming days..
We have to invest or not .

Every time research first about that project ... Newbies are only finding DeFi project currently and then they invest on that without any research & all that

This made me rethink on my criteria on how to look on the project that we are going to support and invest, some people like me made Binance one of their criteria, we all thought if a project gets in Binance then it went through a lot of criteria including Binance listing but now I will take out Binance as one of the criteria, investors should do the same.

Henrytrust

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The rate at which Defi projects are cashing out this days makes investment in Defi very scary and it's wise to take effort to research about the project before deciding on which project to invest.

Wapinter

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Quote from: Bubu9844 on September 07, 2020, 02:53:30 AM

After Sushi Dump (another defi project) Cz_binance
Reaction was - "I don't know who the founder is . We don't Force you to buy . All coins are high risk , especially DeFi"
And he also removed that post from twitter.
At this time many suspicious project coming with DeFi tag
Because currently DeFi is trending.

Please Follow every single DeFi project with team activity , management , what they think about their project in coming days..
We have to invest or not .

Every time research first about that project ... Newbies are only finding DeFi project currently and then they invest on that without any research & all that

CZ or anyone else for that matter should not be blamed for noobs greed.
One should do proper research before investing.
Just because a project is on binance or some other top exchange is no gurantee of its genuineness.

kindbtc

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This definitely shows the loopholes in the system and research lacking service from Binance which was considered a difficult exchange to get listed but due to greed they have made this terrible mistake which has sort of exposed them too. I hope they will be careful from now onwards.

Topic: After Sushi Dump CZ reply with Highly risk especially on Defi project ?? Agree ? - page 4. (Read 853 times)