Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Somehow it's an indicator of a scam project but there are legitimate project that really offers high yileds of APY. Well, better to stick on the reputed one rather to risk it on the new ones, newbies should have been more extra careful nowadays. 
Topic: Be careful around massive APY projects - page 2. (Read 198 times)
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
That's too good to be true and still an attractive offer that many will be taking for. Just avoid those projects that are giving you crazily high interest rates because they're not real.The developers just want you to sign up and deposit for it so that they'll get as much as money as they can for those gullible and greedy people. That is the reason why everyone should be careful if it's about APYs.
This is an old scheme that offers higher return in just a short period of time and we already know that its too good to be true, don’t invest on that because they are a scam. That kind of APY is too high, many will surely attract on that but hopefully they wont invest right away and do their own research first. I’m not into this kind of project anymore, I lose money before because of this and I will not do the same mistake again.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Everything which is really that too good to be true will really be giving out that kind of feeling that something is off and if you are aware on this market scamming projects and activities then you would really be able to pointout for yourself that this is something that should really be avoided.APY on those scales are already obvious on trying to hook or lure in people to park their coins and wont be surprised that one day they would really be
declaring some so called hacking incident or just simply they do ran off with the funds thats why we should really be careful on making out decisions something in related to t his one.
It's not all but some. I do know that if they have no real product with utility and they are using the highest APY as a click bait to attract the investors to invest in their tokens and then the price will be starting to decrease again due to the various things like dev was dumping their token slowly to the market. The source of this biggest reward was coming from the pre mined tokens that allocated by the developers.
These developers didn't even need to think about how to run it carefully as it didn't have a plan to create a product.
This kind of project is very dangerous.
These developers didn't even need to think about how to run it carefully as it didn't have a plan to create a product.
This kind of project is very dangerous.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Don't say 'all these' rather say some of these, because by saying all these it means you are generalising all the defi projects we have in blockchain which is wrong. In fact, it is only greed that will lead anyone to invest in such pointless projects that have nothing to offer than just high apy.
How does those who are jumping into this ridiculousness think the team can sustain the project by giving such huge apy? It is very obvious these are money grabbing projects.
To say the truth, more than 60% knows the truth behind all this kind of projects but everyone is looking for a way to recover or make some quick profit. It's somewhat like a ponzi method, only those who come in early or are not greedy make some money. If market dips the usual way, we might be seeing more of this and people will participate. Just watch your back if you are into it.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
Yeah and i see that there are some new projects that have been offered non sense thing like safuu. This has become a new trend since people can earn non sense money -from there are so many scammers are starting to create their own scam project that promises people that invested their money on such project with hundreds thousands of yield that can be earned easily by the token holders. This is starting to be a new trend in the crypto investors as so many crypto investors are starting to take this as their investment caused by they have been promised by very big APY
In simple terms, "too good to be true".
When a project is like that, that's a no go to me. It may be an obvious scam or they are trying a click bait system to get investors and just realize the truth once you are invested in it and no way to back out.
I'd rather take the long road of little amounts of annual profits but more secured rather than that. Or, just stick with Bitcoin. No returns, do it yourself platform if you want to make profits in different ways.
When a project is like that, that's a no go to me. It may be an obvious scam or they are trying a click bait system to get investors and just realize the truth once you are invested in it and no way to back out.
I'd rather take the long road of little amounts of annual profits but more secured rather than that. Or, just stick with Bitcoin. No returns, do it yourself platform if you want to make profits in different ways.
If someone think they can make that much returns by any kind of investment then they are deserved to be scam because traditional investment gives the returns per year in single digit and that made the people so much rich then imagine what will happen if these 6 digit returns by those rich people?
I knew someone who invested 25,000$ on this Safuu project, to be honest he already made a looots of money back, through staking and holding I'm surprised how lucky he gets but still I don't have the gut to try it out, I called him crazy.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
If you did some research before investing, you can distinguish which projects are scam and which are not.If you know how to be realistic and you are knowledgeable, you will know just by the APY alone if the project is a legit or a fake one.
Its pretty obvious that the APY that OP said is very high that the project can't sustain to give their investors that high APY. Just imagine you will put 1$ in that project and after a year it will be $1000 or $5000. Where will they get that? That question alone is enough to answer the question "Is it legit or not?"
I will not making an investment if its on their website because it's quiet skeptical to be honest and surely they can cheat using that APY percentage or they can use it to scam investors, and to be honest i never heard such name of a project when it comes investment.
If that so i will prefer picking unknown projects in some trusted platforms than directly on their websites or whatsoever in order to prevent ponzi schemes..
If that so i will prefer picking unknown projects in some trusted platforms than directly on their websites or whatsoever in order to prevent ponzi schemes..
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
I agree with you there, you should stay away from it if you don't want to lose your money. If you take a closer look at such systems, they usually only work because they are Ponzi schemes or because the staked coins quickly lose value, so that you end up making a loss despite the high staking rewards. Such projects are not designed to make profits in the medium and long term.
Stay away from projects with insanely high APY, 100,000% to 500,000% APY, you knew what I'm talking about, Titano, Safuu and others, invest but learn to back your initial investment first, all these defi projects are practising ponzinomic scheme. The latest is Safutinano, just know what you are doing.
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