(DEFI) YAM! YAM! YAM! a scam? - page 2.

Pasutinmeur

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Activity: 302

Merit: 100

Quote from: fosco333 on August 25, 2020, 10:08:55 PM

What more strange is, YAM project is listed on the top 10 DeFi projects on some rating site.
We should more careful about new DeFi projects because many projects has turned into DeFi project to get more investors.

it looks like those sites were getting paid. In my opinion, if the def has already taken a lot of money and they can do that. The product that issued by yam is not a solid product and there were so many products that much better than the one that has already created by yam

ElmedoRator

full member

Activity: 826

Merit: 104

Quote from: fosco333 on August 25, 2020, 10:08:55 PM

What more strange is, YAM project is listed on the top 10 DeFi projects on some rating site.
We should more careful about new DeFi projects because many projects has turned into DeFi project to get more investors.

Those are just bullshit websites and they take money to give such reviews. Everyone in this market knows that YAM is a scam project that has caused a lot of investors to lose. And I was even more surprised when they decided to create the second version of YAM, which is really funny

joshua123

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Activity: 527

Merit: 113

Quote from: fosco333 on August 25, 2020, 10:08:55 PM

What more strange is, YAM project is listed on the top 10 DeFi projects on some rating site.
We should more careful about new DeFi projects because many projects has turned into DeFi project to get more investors.

There is a new version of yam. The yam2 and its price is higher, we cant do anything about these defi release even the yfi has a lot of copy paste projects that turns out to be expensive projects. I think we should be careful on every project that launches defi. Most of them are money grabber and not trusted at all.

Yogee

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Activity: 1554

Merit: 413

Quote from: shinratensei_ on August 24, 2020, 08:07:14 AM

Quote from: electronicash on August 22, 2020, 01:37:19 PM

there is a Yam v2 right now which is also added to some exchanges and of course uniswap. the price is $14, this is really climbing up fast which from the first it dropped to less than $1. if you have joined to them while the price hit the bottom i guess you already earned a lot right now. its still unsure what this yamv2 if this is already audited, i hope it is or it may happen again and its really going to be this funny if Yamv3 will come up again.

YAM V2 has gotten a lot of increase due to the decrease in the total supply from YAM V1.

If you were watching the CMC and then the total supply of YAM V1 was around 30 million YAM V1 but it can be seen on etherscan if YAM V2 has no more than 4 million YAM V2 as the maximum supply.

If YAM V3 will be released by the developer and the total supply of YAM V3 will be less.

This is insane lol. How many versions of YAM will be released? I thought V2 was released as a fix to the bug discovered in the "first version". So what will the V3 solve this time?

shinratensei_, can you show us the source of 4M?
I checked CMC and Coingecko but they don't display V2's supply yet. I went to etherscan and the supply being shown there is not just 4 million but
3,726,411,616,545.120. The token tracker as shown in CMC and Gecko is https://etherscan.io/token/0xaba8cac6866b83ae4eec97dd07ed254282f6ad8a

fosco333

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Activity: 1260

Merit: 100

What more strange is, YAM project is listed on the top 10 DeFi projects on some rating site.
We should more careful about new DeFi projects because many projects has turned into DeFi project to get more investors.

ije07

sr. member

Activity: 1435

Merit: 250

PredX - AI-Powered Prediction Market

It's ironic after seeing how bad the YAM project is, this ponzi scheme is real and I hope at the same time someone still has a chance to sell all the YAM coins and not get caught up in the scheme. you can imagine after pumping $ 167 to $ 11. I think this is living proof that investing in Defi is very risky.

ecnalubma

sr. member

Activity: 1540

Merit: 420

www.Artemis.co

The pump and dump, its a common scenario in crypto yet another batches of investors had been crashed who had bought from the top. That’s the risk of riding with the hype you will never when will it pop, lucky to those who dump their stash at the right time.

Divinespark

hero member

Activity: 938

Merit: 501

Quote from: GreenStox on August 25, 2020, 03:17:57 AM

Quote from: shinratensei_ on August 24, 2020, 08:07:14 AM

Quote from: electronicash on August 22, 2020, 01:37:19 PM

there is a Yam v2 right now which is also added to some exchanges and of course uniswap. the price is $14, this is really climbing up fast which from the first it dropped to less than $1. if you have joined to them while the price hit the bottom i guess you already earned a lot right now. its still unsure what this yamv2 if this is already audited, i hope it is or it may happen again and its really going to be this funny if Yamv3 will come up again.

YAM V2 has gotten a lot of increase due to the decrease in the total supply from YAM V1.

If you were watching the CMC and then the total supply of YAM V1 was around 30 million YAM V1 but it can be seen on etherscan if YAM V2 has no more than 4 million YAM V2 as the maximum supply.

If YAM V3 will be released by the developer and the total supply of YAM V3 will be less.

I think even though making the new version people will still hesitate because of an error that occurred in version 1, but who would have thought that Yamaha v2 would also be in demand, hopefully the bugs in v1 do not occur in v2, and cause the defi project to become bad.

This is a failed project and they have lost confidence in the investors, I believe no one will invest in the next version of this project. Obviously they are just scammer and are trying to steal money from investors

Ceyflix-Rez

member

Activity: 420

Merit: 13

$CYBERCASH METAVERSE

This project has no reputation left since they've messed things up themselves, can't be trusted and now there is different versions of the project, something that looks untrusty and not reliable too, I will pass by

leea-1334

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Activity: 2296

Merit: 953

Temporary forum vacation

Quote from: shinratensei_ on August 24, 2020, 08:07:14 AM

YAM V2 has gotten a lot of increase due to the decrease in the total supply from YAM V1.

If you were watching the CMC and then the total supply of YAM V1 was around 30 million YAM V1 but it can be seen on etherscan if YAM V2 has no more than 4 million YAM V2 as the maximum supply.

If YAM V3 will be released by the developer and the total supply of YAM V3 will be less.

For me,,, only in this crypto space can you find the crazy people who, after losing everything in V1 will go to V2 when it is PROVEN that the team behind Yam are people who do not care about security to even do smart contract audit.

But well, this is crypto.

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: Skinny48 on August 25, 2020, 03:21:09 AM

I can't trust this project because the stupid mistake that occurs in the first version is unacceptable, it reveals the fact that the team aren't capable, they aren't professionals either, would have invest if it's IEO and dump for gains but invest and hold? No can't take such heavy risk.

The problem that has already occurred in YAM V1 was more than enough to show the capabilities of the team.

I have heard that there will be the next swap from V2 to the V3 and that looks so crazy to hear that. How can the developer was controlling the token like this? it's just like pundi token that was keeping its price from playing the total supply through doing so many swap. YAM is the worst thing to be considered as a long term investment

wack slacker

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Activity: 966

Merit: 102

Right now they have allowed converting old tokens into a new one called YAMV2. YAM's DEV team made a mistake and they corrected it. I think the crypto market is too small to have enough liquidity for it all. I still think YAM is still a good project in the future.

Skinny48

member

Activity: 448

Merit: 18

I can't trust this project because the stupid mistake that occurs in the first version is unacceptable, it reveals the fact that the team aren't capable, they aren't professionals either, would have invest if it's IEO and dump for gains but invest and hold? No can't take such heavy risk.

GreenStox

sr. member

Activity: 1148

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Undeads.com - P2E Runner Game

Quote from: shinratensei_ on August 24, 2020, 08:07:14 AM

Quote from: electronicash on August 22, 2020, 01:37:19 PM

there is a Yam v2 right now which is also added to some exchanges and of course uniswap. the price is $14, this is really climbing up fast which from the first it dropped to less than $1. if you have joined to them while the price hit the bottom i guess you already earned a lot right now. its still unsure what this yamv2 if this is already audited, i hope it is or it may happen again and its really going to be this funny if Yamv3 will come up again.

YAM V2 has gotten a lot of increase due to the decrease in the total supply from YAM V1.

If you were watching the CMC and then the total supply of YAM V1 was around 30 million YAM V1 but it can be seen on etherscan if YAM V2 has no more than 4 million YAM V2 as the maximum supply.

If YAM V3 will be released by the developer and the total supply of YAM V3 will be less.

I think even though making the new version people will still hesitate because of an error that occurred in version 1, but who would have thought that Yamaha v2 would also be in demand, hopefully the bugs in v1 do not occur in v2, and cause the defi project to become bad.

Inkdull

member

Activity: 238

Merit: 10

What's up with the YAM V1 , YAM V2 and upcoming YAM V3 ? This is real stupidity from a new project, I hate token swaps apart from mainnet, this is the reason I will never be interested in such project, ESH did same thing and today it's useless, it's original name was Ethershift and turned Switch and now team are saying they are going another name too, what's all this have to do with project use case?

Romeotom

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Activity: 821

Merit: 20

SOL.BIOKRIPT.COM

Quote from: ?? on ??

Quote from: Lizzylove1 on August 24, 2020, 07:42:05 AM

A lot are happening in this Defi madness hence I have chosen to play low and hold better projects than running and beating the air. I wonder what will happen when Yield finance crashes. A lot of investors lost out o Yam1, they now have Yam2 I hope nothing go wrong with Yam2, it's another crazy year filled with HYIPs.

It would be foolish if someone continues to invest in YamV2, obviously this is just a scam project and is trying t osteal investors' money. Defi is good but there are a lot of scammers taking advantage of it, we need to be really careful when investing in this market.

Research can be a tool for all investors. The defi project should not be what investors want to invest in all the projects and I think it is better not to invest in all the investors who have such ideas. It is the responsibility of a strong investor to research everything about those projects how they have truly entered the crypto market.

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

Quote from: electronicash on August 22, 2020, 01:37:19 PM

there is a Yam v2 right now which is also added to some exchanges and of course uniswap. the price is $14, this is really climbing up fast which from the first it dropped to less than $1. if you have joined to them while the price hit the bottom i guess you already earned a lot right now. its still unsure what this yamv2 if this is already audited, i hope it is or it may happen again and its really going to be this funny if Yamv3 will come up again.

YAM V2 has gotten a lot of increase due to the decrease in the total supply from YAM V1.

If you were watching the CMC and then the total supply of YAM V1 was around 30 million YAM V1 but it can be seen on etherscan if YAM V2 has no more than 4 million YAM V2 as the maximum supply.

If YAM V3 will be released by the developer and the total supply of YAM V3 will be less.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

A lot are happening in this Defi madness hence I have chosen to play low and hold better projects than running and beating the air. I wonder what will happen when Yield finance crashes. A lot of investors lost out o Yam1, they now have Yam2 I hope nothing go wrong with Yam2, it's another crazy year filled with HYIPs.

saint_casanova

member

Activity: 234

Merit: 10

Quote from: Fesatmas on August 14, 2020, 02:18:22 PM

Quote from: ubay on August 14, 2020, 11:50:43 AM

Many coins, whether it's DeFi or others, when they first enter the exchange their value is so large, but over time it will decrease and even touch the $0 mark.

I think it is commonplace, maybe there are some whales who pump the coins to keep going up, then after they get the target they want, the whales will sell all of their coins without leaving a single bit in their bag.

That's a project that is made for hype when people buy and hoarders will waste a lot so that the liquidity in the market becomes small, therefore many projects like this happen and in the end their products die no longer so that projects like this are very dear.

Yes and since the new DEFI project usually causes up a lot of hype at the start, this effect like you two said even become bigger which crashing down harder at later. Such a common behavior of a new project. DEFI or not.

2double0

legendary

Activity: 2618

Merit: 1105

DeFi is all about quick profits nowadays as every coin adding a tag #defi makes a hype in the market and trends among investors which opens it to huge gains like YFI did, but I doubt that this will end even worse than what we saw in 2018. This is becoming a dream come true for many and till we have the chance, we should wash our hands in the flowing river.

Topic: (DEFI) YAM! YAM! YAM! a scam? - page 2. (Read 957 times)