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Topic: DeFi tokens - do they have a real value? - page 2. (Read 769 times)

jr. member
Activity: 345
Merit: 1
January 15, 2021, 05:40:04 PM
#59
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
agree with you i'm also strongly believe in good defi tokens. besides do u know any credible dex planned to launch soon ?
heard about stablecoin dex - xsigma, they look nice - i've already checked their whitepaper and smart contract
jr. member
Activity: 345
Merit: 1
January 14, 2021, 06:12:59 PM
#58
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
sr. member
Activity: 868
Merit: 279
August 18, 2020, 02:04:37 PM
#57
There's very few that actually have a purpose and functionality around DeFi. Most of them are all about farming and gaining interest. Honestly nothing different that the masternode hype we saw from 2017. Just under somewhat more complex economical principles but essentially they have the same speculative nature promising high unsustainable returns. I would pass hoping in the DeFi hype unless you're planning to day trade it for profit and never look back.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
August 18, 2020, 01:10:14 PM
#56
Very surprise with your post, this is a new niche market and everyone want a piece of this, just like what happen in 2017/2018 when almost every one is launching their own blockchain, some will succeed some will lose, because we have one successful project doesn't mean we shouldn't have new one trying new things. DEFI is an exciting space now and we see that we don't actually need CEX for price of a token to accrue value

Yeahh, and now there is DEFI everywhere, I think it's all about hype, the DEFI projects are booming and the prices are going 2x-50x! I am investing on some projects which have a promising output and have an awesome roadmap but what I don't understand in DEFI is that those projects that have anonymous team are the one who are really doing great. DEFI is weird man haha. Lot of scams and lot of jackpot, it's just so unpredictable.
jr. member
Activity: 55
Merit: 1
August 18, 2020, 01:03:22 PM
#55
I'm certain that a majority of persons in this space are solely interested in the financial benefits to be derived from a project and when they can foresee one, they jump right into it, irrespective of the use case and risk involved.

You think?

Smiley
jr. member
Activity: 154
Merit: 1
August 18, 2020, 12:10:34 PM
#54
Defi does not seem to be trending because of its use case, it's trending because of the increasing value. I'm certain that a majority of persons in this space are solely interested in the financial benefits to be derived from a project and when they can foresee one, they jump right into it, irrespective of the use case and risk involved.
jr. member
Activity: 55
Merit: 1
August 18, 2020, 11:57:08 AM
#53
What is "real" value and what isn't?

As Morpheus said "If real is what you can feel, smell, taste and see, then 'real' is simply electrical signals interpreted by your brain."

Deflationary crypto had "real" value too.  If a crypto is perceived to have real value - then it does.
hero member
Activity: 1876
Merit: 512
August 18, 2020, 11:54:57 AM
#52
Very surprise with your post, this is a new niche market and everyone want a piece of this, just like what happen in 2017/2018 when almost every one is launching their own blockchain, some will succeed some will lose, because we have one successful project doesn't mean we shouldn't have new one trying new things. DEFI is an exciting space now and we see that we don't actually need CEX for price of a token to accrue value
full member
Activity: 994
Merit: 105
August 18, 2020, 11:51:58 AM
#51
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.

If they don't then they will not be recording such huge profit as they're. The likes of $Link can be used as a case study. I think I don't have to go into all the details since it's quite obvious from the contribution above, that area have been covered. Although most project are taking advantage of the hype to decieve Investors into patronizing their projects still there are great ones out there that would be big in future.

I believe one of the ways to stay safe in this hype is not to rush into anyone out there but take your time to research further in understanding it. I know because I have fallen a victim not too long ago.

I agree. As we see DeFi projects are prospering right now because people, who are following the trend in the market, are hyping this up. Maybe this is their way of coping up in the crypto world. They see prices going up, without hesitation even with no proper research, they would dive in. In time, we'll see what would be the end of it all or if what will end of it.
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
August 18, 2020, 11:39:36 AM
#50
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.

If they don't then they will not be recording such huge profit as they're. The likes of $Link can be used as a case study. I think I don't have to go into all the details since it's quite obvious from the contribution above, that area have been covered. Although most project are taking advantage of the hype to decieve Investors into patronizing their projects still there are great ones out there that would be big in future.

I believe one of the ways to stay safe in this hype is not to rush into anyone out there but take your time to research further in understanding it. I know because I have fallen a victim not too long ago.
member
Activity: 238
Merit: 17
Sovryn - Brings DeFi to Bitcoin
August 18, 2020, 10:49:44 AM
#49
I belief no single whale will invest in DeFi tokens if they have no good use at all, you should be curious and do research on these top DeFi projects to see for yourself why they are on top of every crypto charts if the month
hero member
Activity: 1722
Merit: 801
August 18, 2020, 10:45:48 AM
#48
Good projects will grow, new projects will enter the market. Unsuccessful projects will disappear from the market.
This is a very huge pie and every market participant will want to take a bite of the pie.
Currently, the Ethereum network cannot provide high transaction speed, but after the launch of ETH 2.0 phase 2, the rally will begin.
What is happening now is a small prelude to the main performance.
Projects come and go every day, every year. Only projects that are strong enough to survive after 4 years in the market, and enjoy many cycles and situations in the market during 4 years at least can be called as lively projects. It does not mean they are successful projects but they are among projects that can survive in next 4 years.

From coinmarketcap.com I see many projects that die gradually after first one or 2 years and did not wake up after that. Their developers (scam or incapable) choose to do easier thing, launch a new project, join the hype and get easy money rather than spend huge efforts to keep their old projects alive and upgrade it technically.

I see some methods: swap (from outdated algorithm to new one), swap from failed protocol to new one, etc.
legendary
Activity: 1876
Merit: 4532
August 18, 2020, 10:28:12 AM
#47
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
Good projects will grow, new projects will enter the market. Unsuccessful projects will disappear from the market.
This is a very huge pie and every market participant will want to take a bite of the pie.
Currently, the Ethereum network cannot provide high transaction speed, but after the launch of ETH 2.0 phase 2, the rally will begin.
What is happening now is a small prelude to the main performance.
member
Activity: 630
Merit: 11
NEW MEDICINE:Faster, Safer, Smarter
August 18, 2020, 10:06:02 AM
#46
I think their value is in the limited supply which they are offering and the the staking rewards which they are giving using the preminted locked coins. The model is definitely having nsome flaws.
legendary
Activity: 2548
Merit: 1245
August 18, 2020, 07:27:00 AM
#45
Quote
DeFi tokens - do they have a real value?

They have real high fee value, as in .. really really high fees. As in $100 high fees.

$99 Gas Fees on Ethereum Are Crippling DeFi’s Growth
https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth

Quote
While the average Ethereum transaction fee is more than the daily income in many countries, the additional smart contract executions needed to engage with
DeFi protocols has seen users report fees of up to $100.
legendary
Activity: 2156
Merit: 1151
Nil Satis Nisi Optimum
August 18, 2020, 06:00:48 AM
#44
You are right and most people are taking DeFi as a bubble too but i do support the concept because i think it will have more and more applications, use cases and products in the furure.
People should be careful about not throwing everything into defi, still diversification seems to be the right strategy.

Now with DeFi, what we saw in 2017 with the ICO is happening. Many people don't know what this is, but they see a 100% price increase in 1-2 days, and they also start buying these tokens at a higher price, thereby maintaining the hype. We have also seen how it will end, but now there is a great opportunity to earn money on DeFi.

yeah, one should know that most of these projects will not see the end of the year successfully, there is just too many projects, even if all of them are with good management and realistic road-map, and that is also not a fact, since most share same idea that is not their own
nevertheless, one could earn some money in the process, but could lose everything as well
legendary
Activity: 2268
Merit: 1655
To the Moon
August 18, 2020, 05:55:33 AM
#43
You are right and most people are taking DeFi as a bubble too but i do support the concept because i think it will have more and more applications, use cases and products in the furure.
People should be careful about not throwing everything into defi, still diversification seems to be the right strategy.

Now with DeFi, what we saw in 2017 with the ICO is happening. Many people don't know what this is, but they see a 100% price increase in 1-2 days, and they also start buying these tokens at a higher price, thereby maintaining the hype. We have also seen how it will end, but now there is a great opportunity to earn money on DeFi.
legendary
Activity: 1820
Merit: 1950
Fully Regulated Crypto Casino
August 18, 2020, 05:23:00 AM
#42
As is always the case, when people start interested in something new there is a lot of excitement and talk about this thing, as is happening now with the decentralized financing projects DeFi and its tokens, so I think people will calm down and stop this rush and then we see what tokens with good projects That could stay.
I think there is a lot of it will end and people will forget and only a few DeFi tokens that have a real value will remain but we need some time and wait to see results.
member
Activity: 224
Merit: 18
Sovryn - Brings DeFi to Bitcoin
August 18, 2020, 05:09:53 AM
#41
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
full member
Activity: 1498
Merit: 146
August 18, 2020, 04:56:04 AM
#40
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
People just care about taking loans only at the moment but which itself needs the collateral, they can sell them to make the money they wanted but still they are exploiting the defi tokens to make profits.Its just a short term so one who act first can make millions and rest will be nothing left.
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