Topic: DeFi Projects - page 7. (Read 3718 times)

%90 of DeFi is scam i think , yeah good system acceptable i know but %90 are scam everyone shitting new defi projects no control , projects which have own blockchain better , projects which build bridge with real life better , tokens which have any producting i mean service selling or product selling better , other projects are totaly s*h*t

the work with customs as following native with ideal science to leaves with chance as parties to manage customs with terminology of jobs following drafts as help with the provision on blockchain nature gives of improvement on referring the chance on modesty as if to gather connection with the field of finance.

And it looks like Fomo Defi is over for now, or is it just taking a break and getting ready for even bigger bubbles.
In fact, if smart people take their chances they can get in and out quickly, of course with a profit.
it is greed and inexperience and inconsistency that keep most people failing.

Stop scamming man. The trend of ICOs is long gone. Your CEO picture seems to be copied from a youtube stream of someone named Adam Torres who apparently interviewed the CEO of RDE group.
People are talking about DeFi here. Something that has huge potential similar to the ICOs but same pitfalls of scam and over optimistic projections and promises. Who names their coin with a suffix "ICO".

I'm biased for Crypto.  

Because I am part of a team, that aimed to developed the next goto token of the Crypto space for our market. I don't mean, that we copy any coin. But our goal, is definitely to become the go to coin, when someone thinks of loyalty and rewards.

Honos coin  

We are solving a few of the key problems, that exist for consumers when spending and using digital assets that most Crypto currencies don't solve.

For one, the trust less transaction that someone does with peer to peer. Was once an amazing piece of innovation, in that you can transact peer to peer, without any intermediary. And then Ethereum came along, and created smart contracts. Which execute, and provide us with a true sense of what digital currency can become.

But besides the digital ledger, there was one thing missing. Which our team noticed!

And that is "Dual Manual Consensus or Dual approval", the reason this is needed. Is due to having a payment source, which has no middle man, in transactions. The reason why people trust banks, is because banks provide a cusion of protection. If someone sends money to wrong place or get charged incorrectly, they have some buffer of satety.

Althought crypto currency, never had that. In addition, most people when they spend money on the internet rarely do they get an incentive unless they shop with their credit cards, or on amazon for example. They have discount programs, but most companies. Don't have a way to incentive users, to come back and use their products again, and again.

And finally, most of the coins on the market. Usually focused on just two things, either a very sophisticated technology such as Vechain, with supply chain or a coin like XRP for the financial market, and the main currencies people purchased for long term, are the bitcoins and the Ethereum currencies. But with a price of $10k-$11k or higher, this asset class becomes difficult to use on a daily basis. That is why most people just, store it or save it. Even if you break down bitcoin, into micro. The fact remains, 10 minutes is too long for a transaction. And If you think of Ethereum, most people don't spend on average $300 dollars a day.

Wouldn't that leave Tether or USDT coin? maybe, but mostly USDT and Tether focus on USA economics staying on par to US one dollar, while most of the world need a coin which stays relatively flexible and stable, both solving a problem and providing value. That is why we developed Honos Coin, a truly innovative coin. Providing Loyalty for business and rewards for consumers. In addition to having a (PPP) economy, purchasing power parity. Meaning that the value stays consistent across the globe : ), and finally a dual trust mechanism. Which you can truly trust who receives and if you approve if the right person, has the money sent.

Were a USA based Crypto token, and we welcome you to come to check our white pages, at www.Honoscoin.io

This mode will be repeated. Scammers will try to find opportunities from the market hysteria, which DeFi is currently dominating. Fraudsters will make fake projects with all kinds of tricks as if they are real, targeting new investors or people who panic because they missed the previous DeFi golden moment. So, the scammers target people who are less conscientious and panicked, you should do the best possible analysis before joining.

And expect a lot of users will be screwed after the DeFi hype. Right now, we are already seeing a lot of fake projects like the Y-defi projects. If you scrutinize this particular YFI project, I am wondering where they are getting their very high price in the market? No use case at all as all their services are in beta. How come traders are buying it at twice more than the price of bitcoin? Are we really that dumb to buy an empty project? And now because of their expensive price, a lot of scammers are copy-pasting their project and giving their project's name with Y-*** DeFi and holding fake airdrops. DeFis are having golden times right now, but they will fall anytime, once these users realized they are being duped.

Situation is changed now. Defi projects got huge successful, that's why Scammers already start launching fake defi tokens, so that to steal inbestors investment. Since last 2 months, I have seen lots of defi tokens but most of them ends with scam. those are spoiling the attractiveness of defi tokens. That is the reason, people should choice each new defi token carefully before investment

I have a positive feeling about DEFI acting as a stimuli for the next substantial bull run. I recall in 2017, we had the ICO hype and several people got into the space to benefit from the opportunity which had a huge impact on the coin market capitalisation. This year has brought different activities which could serve as a catalyst, the ethereum 2.0, bitcoin halving, several ponzi schemes using smart contracts, the Defi hypes and others.

Looks like you were right. I like fiscus.fyi. They are brand new and promise more stable yields. Also give me a chance to get in early before its $40k a token like yearn.

It would be very dangerous for everyone if most DeFi projects could be like the current ponzi scheme, because some people in crypto currently still believe in new DeFi projects, especially if there are giveaway programs from them, automatically some indirectly. would be tempted by such things.

I think defi bubble. Defi is no future. Many people agree with me

I almost didn't noticed that this thread was created few months ago but what have said here did came true because defi did became the main attraction now on this space and I believed that defi has some contribution on the latest bullish trend that we experience on other cryptos . I'm not not familiar about the two defi projects that you mention and those two project were successful ? How come when they aren't popular as the yfi , oikos , yam and others  or maybe the defi itself are not that popular before .

Lolol .

No clue. Can't you tell us? 

What about Dia ?

The hype from Defi projects will be not last long and now it look like red for me. But still a good Defi project will exist as we speak. A really good Defi project will push cryptos market up but for now i see just a lot of scam Defi projects out there. Not worthy at all to joined as Defi projects more like a ponzi scheme now.

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If you look at the current trends in the cryptocurrency market or go with the flow of the market, I see that the cryptocurrency community is very interested in the Defi project. but I don't really know whether the Defi project is really giving investors a green signal or a red signal? I honestly have doubts about Defi.

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The same.