Topic: Can you trust Defi projects?? - page 4. (Read 1075 times)
Do not trust DeFi projects, there are too many scam DeFi projects online now, if you want to invest on a new DeFi project make sure it's not a small project, make sure it's big enough to become successful easily, thy will have big numbers of partnerships and they will attract big investors easier, DIA and Aave are good example of big project, check them out and compare
Investing, especially in big amounts is not that easy, there are a lot of factors you need to consider, First of all, to see if the project is legit or not, by checking their whitepaper to see if it has anything to say? if it's plagiarism or not?
and after that, you need to check the taxonomic of the project if you don't want to get dumped under seed investors!
for a new project, it will be more difficult to prepare an investment. the research has to be more in-depth if you don't want to get dumped as you say. therefore I prefer to invest in assets that are already on the market up and running. I missed the new DeFi project hype this year. but I do not regret it because the market is also experiencing good growth. and the investment I made was profitable. and after that, you need to check the taxonomic of the project if you don't want to get dumped under seed investors!
Investing, especially in big amounts is not that easy, there are a lot of factors you need to consider, First of all, to see if the project is legit or not, by checking their whitepaper to see if it has anything to say? if it's plagiarism or not?
and after that, you need to check the taxonomic of the project if you don't want to get dumped under seed investors!
and after that, you need to check the taxonomic of the project if you don't want to get dumped under seed investors!
OP you said you knew the team, is that through video or just telegram chat? Make sure the team are damn real and qualified too, just because your teacher made 3500$ from a DeFi project which automatically isn't the health DeFi project you talking about makes things looks more clearly, don't you think?
Hello , as my hobby , again um doing my research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..
Reasons are :
, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..
Mate I've been in this crypto space for a long time now and i have the full confidence to tell you that health projects don't work in crypto space, they either end up in the dustbin or turn scam right in front of you and most especially why DeFi ? DeFi Hypes aren't over and many people are doing their best to make money out of DeFi, I hope you know what you are doing Reasons are :
- Partners
- Team members were directly contacted by me
- Active Telegram group
- One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i
, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..
As of the moment Defi projects are making the market hyping and it maintains the stability of the market even we are experiencing pandemic period which for me is a good indication that we can trust DeFi projects like for example the UniSwap hype as we as the yearn.finance and many more DeFi projects.
Even you trust a project, still you have to do your own reseach so that you won't be surprise or regret your decision in the long run. DeFi projects ia the new innovative projects now but we have to choose wisely upon which project we should join. A good project that we should join is that it should be having good product outcome with active staff members on it and has trusted manager because trusted team members could lead into project's success in the long run.
We think that DeFi is in an interesting time where we will start seeing the transition to more unique, valuable projects for Defi.
"Veda Defi Lending is almost instantaneous. The movement a lender accepts your lending request, a smart contract is created to lockup the collateral and issue funds.
By offering P2P lending, Veda Defi Lending ensures liquidity and easy conversion to fiat currencies.
Disintermediation within the Veda Platform eliminates third party costs and consequently help in lower interest rates."
https://medicalveda.com/
Why are you so worried about this "DEFI". The project offers us a mixture of Compound and Medical Services.
Turn on your fucking brains.
Now tell me what will be the most basic task of Defi or medicine?
That's right, first we need to create an excellent medical service, and then clients will come here and be treated on the security of cryptocurrency.
Why invent a new Maker or Compound when you can make good money on healthcare?
By offering P2P lending, Veda Defi Lending ensures liquidity and easy conversion to fiat currencies.
Disintermediation within the Veda Platform eliminates third party costs and consequently help in lower interest rates."
https://medicalveda.com/
Why are you so worried about this "DEFI". The project offers us a mixture of Compound and Medical Services.
Turn on your fucking brains.
Now tell me what will be the most basic task of Defi or medicine?
That's right, first we need to create an excellent medical service, and then clients will come here and be treated on the security of cryptocurrency.
Why invent a new Maker or Compound when you can make good money on healthcare?
Hello , as my hobby , again um doing my research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..
Reasons are :
, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..
Reasons are :
- Partners
- Team members were directly contacted by me
- Active Telegram group
- One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i
, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..
It doesn't matter whatever the project is, is it defi or not but if hardworking team and wonderful leadership is behind of any project it must be best to invest on it. But on the other hand sometimes it happens that project's team is not real, more chance in that , people get scammed. project with real team is always better to invest instead of that project in which team don't show their team
Believe it or not I think it depends on the project itself, there are many things to consider,
if a Defi project is like Chainlink, Aevee or Compound, why not trust it?
Of course we all believe in top projects, except for the new Defi project.
Yes i also think that we have to invest on Defi platform which are like as Chainlink ,Aevee .I think we need to research the recent project before invest cause there lots of scam project over here and there .Invest on defi is now got a hype as well still there are lots good project on going .So we need to invest wisely. if a Defi project is like Chainlink, Aevee or Compound, why not trust it?
Of course we all believe in top projects, except for the new Defi project.
depends. there are so many scams in market that try to cheat on people using defi word. But, it is a fact that the strong defi projects have been very profitable for the investors for last few months.
for the first time I invested in a defi project on Riochain, why did I invest there? first because his partner Mantradao, before him Mantradao had successfully sold coins and the price went up to 7x. In the end, when the riochain market opened the price was above the IDO, I got about 50% profit from there. but currently the riochain price has fallen far short of the IDO price
i would say yes, some very particular few, it is up to you to do your own research and decide, but from my own point of view, i think there are some few defi project that worth to be trusted, just like the way ico had some good project that we all trust today, same way there are few genuine defi project that can be trusted.
The conclusion that initially you were interested in this project because you saw that your friend made a lot of profit? it could be said that you haven't done in-depth research. Nowadays, a lot of people take advantage of the DeFi hype to scammed people, especially people who are lazy to do research and people who are greedy. Do your own research. Personally I can't give an opinion because I'm not really interested in new projects because most of new DeFi projects right now are anonymous.
To be fair,,, this is exactly how most people get interested in projects, because they heard about it from a friend. So let us not knock how people get in, but ask them to use the spirit of crypto (which Defi users should be more serious about in fact!) which is,,, verify for yourself.
Or maybe, better to get burned too. Then maybe they know the pain of loss and never repeat it. But knowing Defi people,,,
My first tip. Don't trust a friend. 
They can tell you anything but if it goes down then you are dragged with it without even trying to do your own work.
Second tip. Trust yourself. Your instinct. If it still goes down then you won't blame anyone but yourself.
For me, that's a positive thing since you will learn from it.
Third. Don't put everything in one basket. Spare some money for another project or the old ones.
That way, you still have a fall back if one of them goes south.
About the project that you mention. Try to stay away from the healthcare industry. It doesn't work much or there is a low chance it will.
They can tell you anything but if it goes down then you are dragged with it without even trying to do your own work.
Second tip. Trust yourself. Your instinct. If it still goes down then you won't blame anyone but yourself.
For me, that's a positive thing since you will learn from it.
Third. Don't put everything in one basket. Spare some money for another project or the old ones.
That way, you still have a fall back if one of them goes south.
About the project that you mention. Try to stay away from the healthcare industry. It doesn't work much or there is a low chance it will.
I've seen many medical projects on this forum. Not a single one of them went further and was further developed. So my statistics say there is very little chance of success in such projects. There can of course be exceptions.
Also many real estate token are came here in the market and yet most of them died already and I can't see the projects that I worked before. Trust DeFi projects is you are going to invest with them because if them, you should not invest at the first place. If you doubt wait for them to enter into a good exchange and start trading with them. I don't usually participate on ICO/IEO, I wait for them to enter in the market, DeFi is good projects just choose the best one.
Fifty-Fifty, Most of the defi projects I have come across are scams. They are very much using defi for this. Some are also trusted and can generate a lot of profit, we have to be more careful and do our own research.
I've seen many medical projects on this forum. Not a single one of them went further and was further developed. So my statistics say there is very little chance of success in such projects. There can of course be exceptions.
Every project have their own pros and cons, and we have to trust them because that is how investment works the only difference is that, the result of your investment will depend on how you analyze the project since not all are offering a good and legit one.
DeFi can be trusted, they already make a good impact in the market and the pump with DeFi project is incredibly amazing but very few of them was able to succeed on their project. Most of the time I look for a great team, their plans and how they can execute that plans and their future development, its not easy to spot a scam project on your first analysis but you can know this by doing a continuous research about the project.
DeFi can be trusted, they already make a good impact in the market and the pump with DeFi project is incredibly amazing but very few of them was able to succeed on their project. Most of the time I look for a great team, their plans and how they can execute that plans and their future development, its not easy to spot a scam project on your first analysis but you can know this by doing a continuous research about the project.
Jump to: