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Topic: impact of added new token in defi market? - page 3. (Read 405 times)

full member
Activity: 554
Merit: 100
September 12, 2020, 01:52:56 PM
#12
very extraordinary just look at the coins that are very hype right now is defi. maybe this is the defi year and different from the previous year the hype is io and ico. tremendous influence in the world of crypto
hero member
Activity: 2072
Merit: 529
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September 11, 2020, 01:21:59 PM
#11
DEFI market is the one generating huge volume now and it would be very stupid for any exchange to miss out of the trading fee. The impact of DEFI is huge and you can see not just in trading and exchange listing alone, most of the VCs deal in August was in DEFI space, and with this significant return, no one can afford to miss the hype
member
Activity: 1204
Merit: 38
September 11, 2020, 01:06:32 PM
#10
10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
Binance facing scam accusation due to adding the project sushi which exit scammed in less than 24 hours after it got listed and another project in the last couple of days ago did the same and 20 million worth of tokens were locked.

So any reputed exchange has been adding defi shit tokens will lose their reputation.
legendary
Activity: 2492
Merit: 1332
September 10, 2020, 02:27:52 PM
#9
10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
Let me give you and example, lets suppose you have a cup of coffee with no sugar and you decide to add a spoon of sugar, and then you taste it, you will notice it has gotten sweeter, if you do this again you will notice it is even sweeter than before but when you add the third spoon you will notice that it does not get that much sweeter anymore and by the 10th spoon you notice no difference.

This is the law of diminishing returns and it applies to this market as well, we are full of DeFi projects now and 10 new projects are not going to have any significant effect on the market unless one of them is many times better than anything we have seen so far, something that I doubt of course.
hero member
Activity: 2996
Merit: 600
Eloncoin.org - Mars, here we come!
September 10, 2020, 05:31:08 AM
#8
There will be people that will earn from those defi but all of it won't sink it in the end. There will be remaining projects that will be staying on the market and the others are likely to be gone once there's no more hype for defi.
To the projects that have pave their way to the top and their popular increased, they will be the ones that will be staying with the other top cryptocurrencies that are known and common in the market.
hero member
Activity: 1260
Merit: 504
September 10, 2020, 04:35:45 AM
#7
I don't think so the coins been make a huge impact on crypto market though. There were a lots of coins couldn't make it yet and the coins you mentioned i don't think they couldn't make a big impact on crypto market. But the crypto currency is unpredictable there happen anything anytime so, let's see if there make any changes or not.
hero member
Activity: 2604
Merit: 816
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September 10, 2020, 02:15:23 AM
#6
A lot of people gonna be a victim from Pump & Dump token.

History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price. You know the case of Lending Platform on 2017 right? that's gonna be happen again because of all this DeFi. I also see the response from CZ how they ADD DeFi to their exchange, seem like CZ/Binance was also don't want to protect their customer anymore they scared because all this hype DeFi losing some customer if they not listed DeFi token to their exchange.
I think people will be okay to be a victim of the pump and dump token because many of them attract to buy and sell the token. Maybe they think that as long as they can make a profit from the token, it will be no problem if the token finally will scam them. But I think binance will be selective to select the token in their market because that will relate to their reputation among the other exchanges.

The history will repeat, and this time, we already see the new trend in DeFi, and that invite many investors to back to the market. I hope that the investor can be careful, and they can get out of the market while they can.
hero member
Activity: 2772
Merit: 524
Leading Crypto Sports Betting & Casino Platform
September 09, 2020, 11:45:30 PM
#5
10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

It will not give any impact on the crypto market. But it will be a sensible question if you are asking about what impact that will be received by koinfox. koinfox is an automation tool and how can you sure if that will give an impact to the crypto market?
Crypto market will get an impact when there was a new legit coin that can push the total marketcap of crypto.

The koinfox user will become a party who will get the advantages from the decision that has already made by koinfox to add hot coins to its service.

It has nothing to do with cryptomarket. I think you must understand the context of your question again.
member
Activity: 812
Merit: 10
https://hovr.site/
September 09, 2020, 07:40:52 PM
#4
Seems normal to me I mean they are basically around all this while and its not that they just gotten to binance to make a little job.Is good for those coin but some of them are really down during the bearish brief
hero member
Activity: 2856
Merit: 769
September 09, 2020, 06:40:43 PM
#3
A lot of people gonna be a victim from Pump & Dump token.

History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price. You know the case of Lending Platform on 2017 right? that's gonna be happen again because of all this DeFi. I also see the response from CZ how they ADD DeFi to their exchange, seem like CZ/Binance was also don't want to protect their customer anymore they scared because all this hype DeFi losing some customer if they not listed DeFi token to their exchange.
You got it right!

History will surely repeat just like those old days of ICO where everything is on hype and then suddenly crashing it hard.Its no different on whats currently happening as of this moment.

Do you really believe that Binance would delist it out? No they wont because thats where they do make money and they would list out as long they do see that they can profit nor benefit.

Thing here is that the owner itself did really give some words about DeFi which is actually the truth. Invest only the amount you can afford to lose. Crypto investment is always been risky.

Hopefully people wont fall badly or too much of this hype.
legendary
Activity: 2450
Merit: 1225
September 09, 2020, 03:04:27 PM
#2
A lot of people gonna be a victim from Pump & Dump token.

History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price. You know the case of Lending Platform on 2017 right? that's gonna be happen again because of all this DeFi. I also see the response from CZ how they ADD DeFi to their exchange, seem like CZ/Binance was also don't want to protect their customer anymore they scared because all this hype DeFi losing some customer if they not listed DeFi token to their exchange.
jr. member
Activity: 1218
Merit: 1
September 09, 2020, 12:03:00 PM
#1
10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?
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