How do new projects know about this situation some years ago?

joshua123

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Quote from: SistaFista on August 11, 2020, 09:48:41 PM

Many projects using DeFi momentum to start their project, but i don't think that is a bad thing.
DeFi project in cryptocurrency can create massive awareness to people outside crypto, it is indirectly inviting more investors to cryptocurrency world.

Actually since defi hype is a thing now. Most projects are jumping into it. Many investors of other known projects locked their money on defi and cant blame them as the project shows tremendous result in terms of profits. I remember compound project and how it grows and being one of the leading defi platform. I think its lucky year for ethereum as the defi hits and replace the failed ICO method.

Dhoe

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Quote from: bgaf on August 11, 2020, 09:54:13 PM

Nope they dont realize it. But they are just riding with the hype. You can noticed how new projects and even old one changes their concept for a sudden. Coti, origin protocol, and many more have become a defi due to the market trend. Even some far related concept have incorporate defi. Best example is verasity that totally change their platform model. Sounds crazy but thats how business marketing and strategy to increase liquidity.

I think it's a natural thing, when the situation is not good as expected, they change their original platform to a defi platform. Business tricks like this can give you a lot of profit by taking advantage of the Hype Defi situation. I believe, we will see in the future there will be more Defi projects.

coin-investor

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Quote from: flagpara on August 04, 2020, 12:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

I believe DeFi is going to stay for good it strengthens decentralization of smart contract, sol many DeFi are making huge volumes and headline in the community, but expect a lot of traps here because we all know scammers are looking to grab this opportunity to scam people they have done it in ICO there's possibility that they are going to do this on DeFi so beware everybody.

bgaf

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Quote from: flagpara on August 04, 2020, 12:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

Nope they dont realize it. But they are just riding with the hype. You can noticed how new projects and even old one changes their concept for a sudden. Coti, origin protocol, and many more have become a defi due to the market trend. Even some far related concept have incorporate defi. Best example is verasity that totally change their platform model. Sounds crazy but thats how business marketing and strategy to increase liquidity.

SistaFista

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Many projects using DeFi momentum to start their project, but i don't think that is a bad thing.
DeFi project in cryptocurrency can create massive awareness to people outside crypto, it is indirectly inviting more investors to cryptocurrency world.

jerrison

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Quote from: flagpara on August 04, 2020, 12:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

People always act like the door is closed and just one person is attempting to open it and when he does, there is this unpresidented rush. DeFi is a solution to the Banking system and it has so much hype and I personally feel that loads of projects coming on the platter of DeFi isn't really clear on the DeFi system as they just want to grab bags and make some good money apart from poeple solving problems in the DeFi space.

ije07

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actually we don't need a lot of new projects or including like the DEFI Project because as we know that previously there were various Bounty projects such as ICO, ITO, IEO and not all of them brought good results. currently Hype DEFI has entered the market and even many investors are starting to be interested in joining it. I think we only need 1 real project and not a scam.

Docbee

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Quote from: fuer44 on August 06, 2020, 06:43:26 AM

It's still hard to guess, apart from DeFi, escrow is also considered a promising project but that hasn't been concluded yet. we don't know for sure, because this is all online and the activities that each development team is doing, we don't know. we are here only as participants or investors without knowing what is actually happening. so, it would be wise not to focus too much on just one, or too sure about a project that is hype.

Well, there have been couple of topics focusing on the uprising of DeFi projects, especially those built on Ethereum block chain. Definitely it's not all of them that can be legit, because seeing the new opportunities in DeFi projects and how investors are turning to it, scammers will definitely want to take advantage too. If you want to join the train of DeFi projects as an investor, the you need to look before you leap. One of the reliable ones I can strongly recommend for you is Oikos cash. You too can check it out.

Crypto_lion

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To answer OP I am sure projects didn't know about DEFI and they are just using the hype to ride the wave and rise some money by announcing defi in their project all of a sudden .

WalkerIVIV

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Quote from: Anish02 on August 10, 2020, 08:28:22 AM

Quote from: Kopetunto on August 09, 2020, 11:08:22 AM

Quote from: flagpara on August 04, 2020, 12:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

This is the same as last year when ICOs became Hype, many successful ICOs and also many ICOs scam investors,
of course this makes us careful, and just like now DEFI projects have been successful, and maybe there will be many scammers coming.

Yes, exactly the hype has been coming from Defi projects at the moment had been the same last year and it happened because of the ICO's. Unfortunately due to such hype, many scammers would take advantage of this situation by coming with the Defi concept to make people fool easily because of the current Defi hype.

This is much more difficult than create fake ico. DEFI is about the usefulness of the product and i think everyone aware about this right now. The investors will have needed to see what usefulness of defi that has already offered.

Eddyc

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The technological concept is interesting because it's a new style of technology that can improve the daily life and the safety of the project. However, the theory is excellent and that practically few projects are starting to take off the paper and put into practice and perhaps because of the high in this type of subject, the developers push this type of technology even more improving the cryto ecosystem. I will wait until the end of 2020 to get a broader view on DeFi.

Anish02

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Quote from: Kopetunto on August 09, 2020, 11:08:22 AM

Quote from: flagpara on August 04, 2020, 12:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

This is the same as last year when ICOs became Hype, many successful ICOs and also many ICOs scam investors,
of course this makes us careful, and just like now DEFI projects have been successful, and maybe there will be many scammers coming.

Yes, exactly the hype has been coming from Defi projects at the moment had been the same last year and it happened because of the ICO's. Unfortunately due to such hype, many scammers would take advantage of this situation by coming with the Defi concept to make people fool easily because of the current Defi hype.

tvplus006

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Quote from: semobo on August 04, 2020, 01:08:56 PM

It can be developed even in few days or week if everyone knows what they are doing, but the idea of the project made from the old project with slight chances which means most of them were created for money making not to bring any benefits for the investors.So as a investor just avoid getting into this Hype of DeFi FOMO if you want to save yourself from complete loss if the projects goes complete failure.

A week later, Binance launches a new IEO for the Sandbox (SAND) project, which is related to DeFi. I am sure that the exchange team has thoroughly checked this project, so investors should not have any problems. If you go to the choice of DeFi yourself, then if there is insufficient verification, you are likely to end up on scam.

Kopetunto

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Quote from: flagpara on August 04, 2020, 12:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

This is the same as last year when ICOs became Hype, many successful ICOs and also many ICOs scam investors,
of course this makes us careful, and just like now DEFI projects have been successful, and maybe there will be many scammers coming.

thesmallgod

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discovery one Defi open door to explore so many things for both new and already existing projects. This is how technology is. When there is a discovery of something people rush to understand what it is and how it can help improve their already existing businesses or how they can further improve on it but that does not change the fact that some project that has nothing to offer will come out to also be championing defi because they see it as a new method through which they can get more contribution from investors. Same way so many exchanges turn to IEO

ned.ryerson

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Quote from: kensaii on August 08, 2020, 12:38:25 PM

There are both of them exist in the market today. The DeFi hype is real so there are good and bad try to utilize and take their chance with their new DeFi projects. You need to have some basic understanding around DeFi and do your research properly to know which one is legit and which one is just a plan to grab investors' money. That it.

I think that 80 percent of projects are just good schemes for receiving money from investors. After some time, these projects are planning to stop working and take all the money for themselves. only 20 percent of Defi really want to change the market

bearexin

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I feel like the only hype that is defi getting right now is that "ico to sto to ieo" type of situation, now it is more defi instead, the world constantly changes in those worlds and people are putting up their money slowly into something first and when few people make some return everyone starts to pour into that instead.

It is just not that much of a big deal, eventually this will quite down as well and something else will get hyped, you will see and if you are reading this you will remember me saying this, whatever defi has right now, was what ieo used to have and what sto had before that and what ico had before that, and I promise you something else will have in a year or two as well and that new thing will be gone in 5 years as well. All of this because it is basically a cycle that keeps on turning.

kensaii

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There are both of them exist in the market today. The DeFi hype is real so there are good and bad try to utilize and take their chance with their new DeFi projects. You need to have some basic understanding around DeFi and do your research properly to know which one is legit and which one is just a plan to grab investors' money. That it.

nutriagrigia

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Quote from: ?? on ??

A lot of projects had an idea with Defi many years ago, and they started developing it. I don't know what makes Defi as exciting as it is now, but it has helped this market to go up and attract a lot of new investors.

I think that Defi did not attract new investors, but these projects made alive those people who have been in this market for a long time, but in the period from 2018-2020 they just waited and did not invest in any altcoins

fuer44

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It's still hard to guess, apart from DeFi, escrow is also considered a promising project but that hasn't been concluded yet. we don't know for sure, because this is all online and the activities that each development team is doing, we don't know. we are here only as participants or investors without knowing what is actually happening. so, it would be wise not to focus too much on just one, or too sure about a project that is hype.

Topic: How do new projects know about this situation some years ago? (Read 532 times)