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Topic: DeFi tokens - do they have a real value? (Read 812 times)

jr. member
Activity: 48
Merit: 1
February 02, 2021, 10:04:50 PM
#79
sure they have. but as for me, the most valued are dex projects - they will replace cex-es in future i believe
yes, defi is more credible and transparent concept than ico and ieo was. u r right - as for me dex-es are more interesting for trading and long term investment
besides i've found an interesting stablecoin exchange based on Curve - xsigma, do u know them?
member
Activity: 462
Merit: 19
February 02, 2021, 03:53:11 PM
#78
Uniswap have real utility, Chainlink promised decentralized data platforms, yes DeFi projects have real use cases and utilities, you got to pick good altcoins and stay away from those that have no good use cases, there are some useful DeFi projects out there and there are tons of bad ones too, dyor
sr. member
Activity: 1050
Merit: 250
Revolutionizing Reward Points
February 02, 2021, 03:24:25 PM
#77
i think you should read this article about Mark Cuban Says DeFi Has Potential to Explode in WallStreetBets AMA
here is the link https://decrypt.co/56366/mark-cuban-defi-reddit-wallstreetbets-ama
no doubt a good defi project will explode soon
full member
Activity: 1946
Merit: 112
February 02, 2021, 12:24:13 PM
#76
Hi guys,

I would like to share with you my idea about all DeFi tokens. I am little bit confused what is the real value of all DeFi tokens. If I think about it, their are now valuable because there is a hype around all DeFi protocols, a lot of buyers, less sellers. But, one day people stop taking loans and the tokens become less interesting, that would mean that price of tokens will start falling down and people will be pushed to repay loans and that will cause that they start selling their tokens and this will lead into further crash. The worst thing is that there is no other motivation for buyers to buy these tokens and that could cause that you can loose all of your invested money, right?

That's why I rather see DeFi protocols that use native coins like Ethereum or Tron (Tron already has working solution) because these coins are not just good for one thing(DeFi), people will buy them for various reasons.

I hope you understand what I am talking about.  Cheesy

I believe that all DeFi tokens cannot have value, but probably some of them have value, since their price is primarily provided by other cryptocurrencies. How long can this last? I believe it all depends on the trend in the crypto and DeFi markets. You know that while there is nothing new and better on the market, current trends prevail. It all depends on demand, there is demand for the asset is growing, there is no demand for the price of the asset is going down.
full member
Activity: 1093
Merit: 103
February 02, 2021, 12:13:41 PM
#75
In 2016, when Bitcoin was around $ 300 and Ethereum was $ 8, there were skeptics who doubted the prospects of these cryptocurrencies that they could achieve the results that they have today. Based on this, I believe that those projects that have great potential and demand in society have every chance of reaching great heights. And today there is always a lot of excitement around DeFi projects.
member
Activity: 266
Merit: 16
Sovryn - Brings DeFi to Bitcoin
February 02, 2021, 11:28:56 AM
#74
This might sounds annoying and untrue but to me it's the truth, 99% of DeFi projects aren't true decentralized finance and most investors don't really cares, they invest to make gains out of them only, I just pity those who plan to become future whales through DeFi projects, only very few DeFi projects are true decentralized finance
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
February 02, 2021, 11:10:38 AM
#73
sure they have. but as for me, the most valued are dex projects - they will replace cex-es in future i believe
Defi announced by Dex? What is the reason for considering it as most valued project?

There is no difference between the defi by dex or cex because at the they are decentralized amd pegged with smart contracts.
jr. member
Activity: 48
Merit: 1
February 02, 2021, 09:59:05 AM
#72
sure they have. but as for me, the most valued are dex projects - they will replace cex-es in future i believe
copper member
Activity: 966
Merit: 14
January 19, 2021, 11:19:09 AM
#71
Actually I would say, DeFi started with a big hype then gradually the hype is over and much is not heard about them or better put, much is not heard about a good number of them again, but however those that were already on the right track are still trying their best to retain their users and growth, hence why they are occupying good ranks on coinmarketcap. In my own opinion, when a project have something to offer, the only way to keep getting the attention of users and more potential investors is through improving on what they offers, that is to say, any DeFi projects which finds it hard to improve as times goes by will be forced out of business, while those that tries their best to improve will keep growing while advancing on what they offers as time goes on.
sr. member
Activity: 1330
Merit: 257
DGbet.fun - Crypto Sportsbook
January 19, 2021, 09:39:55 AM
#70
DeFi is currently a trend and hype in cryptocurrency, I am surprised that the price of defi-based coins can exceed previous bitcoins, from this situation many of them are using FOMO too much in this case, so if you want to invest you must and must find accurate information for this defi project. Lots of people will lose money if they don't investigate the projects they support not because they were built with
DeFi system
full member
Activity: 1750
Merit: 118
January 19, 2021, 04:26:38 AM
#69
DeFi isn't perfect but there are few DeFi projects that are one of a kind and they are making big waves in crypto space as we speak, though there are many bad DeFi projects out there, some even claimed they are decentralized but end up breaking the decentralized part and stylishly turn into centralized projects because they are able to tampered with the projects chain, few DeFi projects have made it into top 20 ranks and that's a good start, DYOR
to promise that they are decentralized but turns out not really arent new here in crypto , its like same as other crypto like tether and ripple  that also claims to be a decentralized crypto but asociated with the banks but defi is much worster because they carry the name decentralized on them but no need to worry for those fake defis , just stick on real defis and youl be alright .
member
Activity: 210
Merit: 14
January 19, 2021, 04:15:10 AM
#68
DeFi isn't perfect but there are few DeFi projects that are one of a kind and they are making big waves in crypto space as we speak, though there are many bad DeFi projects out there, some even claimed they are decentralized but end up breaking the decentralized part and stylishly turn into centralized projects because they are able to tampered with the projects chain, few DeFi projects have made it into top 20 ranks and that's a good start, DYOR
hero member
Activity: 2366
Merit: 838
January 18, 2021, 11:05:19 PM
#67
That's why I rather see DeFi protocols that use native coins like Ethereum or Tron (Tron already has working solution) because these coins are not just good for one thing(DeFi), people will buy them for various reasons.
It is easier for their developers to create a project on available networks like Ethereum. I know some projects have crowdsale for long ago (2017 or 2018) but main net only was activated in 2020. They tried to launch mainnet to enjoy the bull market but their works are terrible and you can not wait for good developments from them.

The DeFi space has Uniswap, then many other join the space and try to mimic the Uniswap. Those tokens have different names but their usecases are the same and source codes are copy and paste. They can say "Our team change the copied source code a little to make it as our code. It is not a plagiarism code". Do you see how funny it is
full member
Activity: 827
Merit: 100
January 18, 2021, 05:14:00 PM
#66
Hi guys,

I would like to share with you my idea about all DeFi tokens. I am little bit confused what is the real value of all DeFi tokens. If I think about it, their are now valuable because there is a hype around all DeFi protocols, a lot of buyers, less sellers. But, one day people stop taking loans and the tokens become less interesting, that would mean that price of tokens will start falling down and people will be pushed to repay loans and that will cause that they start selling their tokens and this will lead into further crash. The worst thing is that there is no other motivation for buyers to buy these tokens and that could cause that you can loose all of your invested money, right?

That's why I rather see DeFi protocols that use native coins like Ethereum or Tron (Tron already has working solution) because these coins are not just good for one thing(DeFi), people will buy them for various reasons.

I hope you understand what I am talking about.  Cheesy
Do you mean you are going to create deFI tokens but all use ethereum or tron? if that is true you mean what are you doing if you don't create your own token. isn't deFI's goal is to create a token of its own value and strive to be the token with the best and most expensive price?
sr. member
Activity: 860
Merit: 253
SmartFi - EARN, LEND & TRADE
January 18, 2021, 02:55:33 PM
#65
Are other non-DEFI cryptocurrencies of value? To begin with, it's worth understanding what value is. The value is determined by the purchasing power. The more goods and services I can get in exchange for something, the higher the value of this object. People invest money in various DeFi projects, which allows them to have a certain value due to the fact that the coins of these projects can be exchanged for something useful, in our case, other currencies or, in other words, money.
legendary
Activity: 1540
Merit: 1002
January 16, 2021, 09:04:49 AM
#64
Decentralized financial model is a new trend of the world.  Regarding DeFi tokens, I think its problem is people's trust.
As you have said, Defi is just a system, whereas to determine the worth or not of an investment, it all depends on the product. so as long as the defi project has a clear product and real use case, then it's still good
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
January 16, 2021, 03:06:15 AM
#63
Whales are going in deep into DeFi projects that's why LINK hits 17$ to 20$ hours back, impressive right? Well this is just the beginning, whales are crypto experts who've been around for so long and investing in DeFi projects means they knew what they are doing, the top DeFi projects today are very promising and good for long term hold
I agree with you because the DeFi project is currently very impressive in the acceleration of their altcoin increase, of course if we discuss the problem of the token value itself it is very natural because so many people like DeFi-based project policies.
hero member
Activity: 2744
Merit: 588
January 15, 2021, 06:04:09 PM
#62
i think yes there's a lot of scam projects in defi but still - it's more transparent and interesting concept than ico and ieo, and if we are talking about dex projects with volumes, defi token inside will have a good value in future
ICO, IEO and DEFI are having interesting concept consider these are giving the automation for the decentralized finance.
How can you say defi is very transparent compared with IEO or ICO? i have ever seen ICO and IEO published the financial report while there's no defi that was doing this thing in the past.
DEFI less transparent compared with IEO and ICO.

That is nice observation. For ICO or IEO projects, a lot of projects are disclosing how much they raised.
But with DeFi, I haven't really seen one disclosing how much they got.
Maybe, they thought it is decentralized, they can always look at their contract.
But are they sending their assets to that address or maybe a different one.
And with regards to their real value, I don't think they have.
Most of them are just pure talk, no working platform. Just manipulation in the market.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
January 15, 2021, 05:48:30 PM
#61
i think yes there's a lot of scam projects in defi but still - it's more transparent and interesting concept than ico and ieo, and if we are talking about dex projects with volumes, defi token inside will have a good value in future
ICO, IEO and DEFI are having interesting concept consider these are giving the automation for the decentralized finance.
How can you say defi is very transparent compared with IEO or ICO? i have ever seen ICO and IEO published the financial report while there's no defi that was doing this thing in the past.
DEFI less transparent compared with IEO and ICO.
member
Activity: 882
Merit: 17
January 15, 2021, 05:45:36 PM
#60
yes, i think DEFI tokens has real values because banks developed means of providing funds to their customers tru loans and also place charges on incentives on these loans. such can be seen in DEFI. the degital crypto lending services using various tokens. the best option of the Defi projects is that you benefits both ways. you earn by lending and also earn by borrowing. but you can not earn when you borrow from traditional banks.
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