There's a lot of them, defi, stake coin and still ICO projects.
An investor should be vigilant in investing and it's not just all about the profit. But you need to think of investing first if you are with the legitimate project.
Topic: Define the (scam) DeFi. - page 2. (Read 1030 times)
but you put so many names on a scam defi project, can you prove it's a scam?
I see there are more than 50 projects, and in fact some of them have been around for quite some time before even Fomo Defi appeared.
You have to prove that what you say is true, it is true that many projects only take advantage of the current hype defi, but some are really developing and have their own vision and hype is just a bonus because market conditions are like that today.
No. You did not see what I am trying to give readers.I see there are more than 50 projects, and in fact some of them have been around for quite some time before even Fomo Defi appeared.
You have to prove that what you say is true, it is true that many projects only take advantage of the current hype defi, but some are really developing and have their own vision and hype is just a bonus because market conditions are like that today.
You can see two lists:
- List of DeFi tokens
- List of stake / masternode coins
Then try yourself to scan and find out how many of them try to fork or replicate of each others. Forks, replications, reproduction of coins, tokens, project names are a good signal for scam trend.
If you use Metamask, you would know they automatically block all new tokens that have UNI in token names. It is good and this time Metamask reacts fast enough to prevent scam tokens.
but you put so many names on a scam defi project, can you prove it's a scam?
I see there are more than 50 projects, and in fact some of them have been around for quite some time before even Fomo Defi appeared.
You have to prove that what you say is true, it is true that many projects only take advantage of the current hype defi, but some are really developing and have their own vision and hype is just a bonus because market conditions are like that today.
I see there are more than 50 projects, and in fact some of them have been around for quite some time before even Fomo Defi appeared.
You have to prove that what you say is true, it is true that many projects only take advantage of the current hype defi, but some are really developing and have their own vision and hype is just a bonus because market conditions are like that today.
since YFI came appear other came with the same name just added some Y symbols, it's all like the old tricks copying the previous work, I'm sure it's the same people, they rely on uniswap to get the market like hotbit and others, so easy to add tokens such a scam, I also continue to campaign for all of my society to avoid this kind of defi token, I believe the staking system will never last long because before it was busy a few years ago it already existed but just disappeared
Scam DeFi trend
Let's define it with the images
https://defimarketcap.io/
Is the crypto community getting lost again?
Be careful with crypto news (DEFI with Y)!!
(GUIDE) How to trade on uniswap correctly
DeFi scams (history)
But thank you so much for this thread at least Like Bitcoin forked scams few years back now we are advanced advised how to prevent from being victim.
There are some of these coins listed that continue grows after you posted this but now?when october comes by those project dumps as well and now covered with red blood colors.
What do you think if you look at the price change table? The table image is taken from DeFI hyip is over?. DeFi is a risky party at start and after weeks (about a bit more than 1 month) you can see how risky it is. The party is almost over.
The median and average changes (in percentages) of all DeFi tokens in the list are around - 60 %. Remember it is negative 60 % and many of them have higher decreases perecent, up to more than 90% negatively.
The median and average changes (in percentages) of all DeFi tokens in the list are around - 60 %. Remember it is negative 60 % and many of them have higher decreases perecent, up to more than 90% negatively.
The number of scam projects will continue increasing as they follow and imitate popular projects. It makes it easier for them to deceive the investors if their self-made website, apps, and even the information they sent on the email are indistinguishable. That is why we should be unhasty in our actions, carefully thinks before making a decision, especially when it comes to investment. To evaluate the credibility of the project, you should inspect every detail about the project and ask your fellow members in the forum to conceive a better idea. With the number of similar projects, you better keep an eye on the project team and see all of their updates.
I am also sure that as the popularity of DeFi projects grows
there will only be more scammers
already now we can say with confidence that somewhere 30-40% of new projects are created only with the aim of deceiving investors
I believe there are more than that , we just see the top of the ice burg, Every day we hear some exchange got hacked or they find some bug in some token, as far as I know, everything is hackable in the computer it is just matter of time and techniques for someone to be able to do that , I just try to keep my money in a cold wallet, never keep my money in exchange.
Just wonder seeing defi hyip! People especially New comers consistently investing on scam defi project. I found some new project claimed to belongs to defi, don't have any annonucment thread, no white paper. but even though people throwing their money on those project, so that they could have some good return. Some projects pretend like defi, selling their token by ICOs! And unfortunately people trust them & get scammed.
I do not see anything surprising in the fact that scammers copy popular projects in order to deceive investors and traders.
it's time to get used to checking contracts and addresses to which you send investments and coins that you buy
at the slightest doubt
it is better to refuse the deal
it's time to get used to checking contracts and addresses to which you send investments and coins that you buy
at the slightest doubt
it is better to refuse the deal
The number of scam projects will continue increasing as they follow and imitate popular projects. It makes it easier for them to deceive the investors if their self-made website, apps, and even the information they sent on the email are indistinguishable. That is why we should be unhasty in our actions, carefully thinks before making a decision, especially when it comes to investment. To evaluate the credibility of the project, you should inspect every detail about the project and ask your fellow members in the forum to conceive a better idea. With the number of similar projects, you better keep an eye on the project team and see all of their updates.
If you ask me most of the YFI fork coins are scams that are either rug pulling in the beginning or doing an exit scam later. There are hundreds of YFI fork out there and, none of them are doing anything unique, not even a whitepaper even there dev are anonymous.
I don't see any special in any defi projects I have gone into, most of them have plain and simple approach to their plans, I just don't know in other big time Defi projects. Like CZ said that Defi projects are not for long time investments yes it might give you a quick and big profits but not in a long run.
could you please name any new projects that would make sense in the long term?
all of them are pacifiers that are needed for a one-time/two-time price jump
aurther, such projects are scrapped
And don't forget to add $SUSHI this is the trendy one, got listed in Binance and CZ make a tweet about it.
Yes, but if the $ SUSHI token has been proven to be a scam, then Binance will also remove $ SUSHI from their list, because as far as I remember, Binance has never maintained junk tokens on their exchange.it seems to me that CZ will not want to remove $SUSHI from its exchange and this subject is already generating a noise of great magnitude:
OKEx CEO slams Binance’s Changpeng Zhao for promoting questionable DeFi projects
I thought that after this criticism made by the CEO of okex it would change something, or at least I expected some reaction from Binance, but there was no reaction from Binance which shows that Binance will not remove the $SUSHI
I don't see any special in any defi projects I have gone into, most of them have plain and simple approach to their plans, I just don't know in other big time Defi projects. Like CZ said that Defi projects are not for long time investments yes it might give you a quick and big profits but not in a long run.
And don't forget to add $SUSHI this is the trendy one, got listed in Binance and CZ make a tweet about it.
Yes, but if the $ SUSHI token has been proven to be a scam, then Binance will also remove $ SUSHI from their list, because as far as I remember, Binance has never maintained junk tokens on their exchange.
I do not see anything surprising in the fact that scammers copy popular projects in order to deceive investors and traders.
it's time to get used to checking contracts and addresses to which you send investments and coins that you buy
at the slightest doubt
it is better to refuse the deal
it's time to get used to checking contracts and addresses to which you send investments and coins that you buy
at the slightest doubt
it is better to refuse the deal
Price of some DeFi tokens are decided by 20, 50 or 100 times from all time highs. DeFi investors have lost money too easily. Developers and early investors should earn huge profits. Bounty hunters are winners too. As 400 airdropped UNI tokens.
What a shitload of scams!
Are they trying to create a new record? If there is any?
DeFi #1
ICO now at #2
It just proves something, IMO.
Stay with the oldies. Bitcoin, Ethereum, Litecoin. Stop the instant profit idea and just support the trustworthy.
Are they trying to create a new record? If there is any?
DeFi #1
ICO now at #2
It just proves something, IMO.
Stay with the oldies. Bitcoin, Ethereum, Litecoin. Stop the instant profit idea and just support the trustworthy.
I simply do not understand how projects like Year Finance or Sushi Swap could be so successful? The growth behind it is again made only on vision, but not only real basics.
Similiar situation to altcoin, ICO, STO, IEO and exchange token bubbles.
Similiar situation to altcoin, ICO, STO, IEO and exchange token bubbles.
Its the new trend in crypto this year the defi tokens hoping to earn huge and fast we cannot blamed these many people fall for this because of the current situation in the world because of pandemic everyone can try their luck but always dyor to avoid big loss I personally dont think all defi are scam still many are legit.
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