Maximum Defi Project Failed in 2020 - page 2.

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legendary

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Quote from: cryptoknightt on December 21, 2020, 03:59:13 PM

There are so many defi scam projects and the maximum project is only one of them, the average defi project fails because it doesn't have a clear roadmap and development. the project is made only to take advantage of Fomo for a moment. So don't be surprised if there are so many failed projects out there because there are so many that are neglected and have a clear vision.

You're right, most DeFi projects came about because they followed the FOMO that was going on, like the ICO in 2017.
Based on this, many investors should be aware of the risks that occur when following the FOMO trend.

dunfida

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Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

This is no different into those ICO days where most projects been launched were totally shit and now here comes the DeFi trend which this one is no different
compared into those past projects where their owners are just really tending to make out some money and dont even care about their project.
Those sweet words initially or in when they are still trying to accumulate out some funds are just for show.. There might be some legit project
or really truly honest but majority of them are just pure show-offs.

sulendra12

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Ya ya ya it is just a same shit over and over. When something hype begins, the bad people will come to you and trying to rob you.

Take a look at ICO before, when ICO at its peak so the scammers were trying to use this chance to scam us because it is so easy for them to rob us especially for uneducated peeps and what did happen after that? ICO is gone!.
Same thing will happen in DeFi in the future, slowly but sure we will see that thing coming.

cryptoknightt

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There are so many defi scam projects and the maximum project is only one of them, the average defi project fails because it doesn't have a clear roadmap and development. the project is made only to take advantage of Fomo for a moment. So don't be surprised if there are so many failed projects out there because there are so many that are neglected and have a clear vision.

nelson4lov

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Defi itself has been a real solid trend and evolution for crypto as they seek to bring more inclusive finance openly to the world. However, it got hijacked same way that ICOs was hijacked by fraudsters, scammers and people who have very little to offer to the development and progress of DeFi applications and protocols. That is the major why a host of DeFi projects have all failed. Other important point to take note of is the fact that most defi projects don't have enough security measures in place which is why they got exploited by hackers and other bad actors.

ScamViruS

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Quote from: Kocret02 on December 05, 2020, 10:16:43 PM

many projects only use the deFI name but in fact their project does not show such a deFI name. This is natural in my opinion if the project fails and it can be used as experience for anyone if they want to invest in a DeFI project, they must be careful

This happens when a new hype is created in the market. Everyone wants to use that hype to make their project quickly success, but it is not always possible. The main reason for this is that now crypto investors are smart enough that they do research before investing in any project and then invest.

So even using DeFi hype now most projects cannot be successful.

Silberman

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Quote from: tabas on December 05, 2020, 02:15:13 PM

Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

I don't know anything about that project but most of the projects in defi are failing. It's no longer getting the best attention that it gets just like before. Those that were launched earlier were the ones that took the momentum for the investors.
Don't question why a project like this has fallen because it's most of them are failing anyway.

There is something that people need to understand whenever an innovation occurs in this market or in any other market there are going to be many copycats that will immediately try to copy the technology and create their own coins and for a time those kind of projects could become successful as the hype in that market is kind of high, but once that hype is no longer there all of those copycat projects are going to fail and when you add to all of this that bitcoin is skyrocketing then the chances of any DeFi project to give them profits is very close to zero.

sujonali1819

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It’s not surprised me to be honest. Because after ICO, DeFi is the another key to steal people money. ICO was ran long and still running, but DeFi Discovered mainly for scamming people what I think Personally. Maybe Very few projects which were launched from the starting Points of DeFi launched were successful. But after a month or later most of the projects are launched by the scammers and it will not be mistake if I say 1 team launched more than 1,2,3,4....even more projects. So we can not expect any good things from scammer.

*Very few are still good in ICO or in DeFi.

jaberwock

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I guess the main topic here is that whenever there is a hype around something, people try to either do one better of that project to get rich, or they just a similar one or even not do a similar one but promise of a similar one and take money from people.

I do not want to name one example because when I write its name all of its shillers come here blaming me for not knowing what I am talking about, but there is this project that promises to be best dex in the world using all kinds of coins, and I think they are just out there to make money and that's it, there isn't really much that people could really take from them, it isn't that great and I think it will be bad as well. That is just my thought of course, there are tons like that, people who just create projects to make money and that's it, nothing more and that sounds fishy to me and they end up scamming others.

Dragonfund

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Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

Now let me hint you some stuff. I know that DeFi trend and its fenzy hype made some people lost heavily, we shouldn't forget that there are other investors who made immense gains on this project. If go to some sub board, you will be amazed at se comments and large amounts of money they made on this trend. The funny thing is that, when a new trend emerge, many will still invest and pump money on these projects both the once with good intentions and bad intentions. It's has always been about profits that's why must of this project don't last long.
Comparing ICO trends =====> IEO trend =======> DeFi trend, the money lost on this trends tend to decrease over time. DeFi can do better by next year, I have some coins I'm holding and I have faith in (literally Grin

)

oHnK

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I see the Defi Project as just a scam project because the coin they are developing doesn't have any special specialties. Developers are less creative in launching their projects. They also seem not serious in developing their project, so it's just like a scam project. Many investors can lose because of their management.

Suvo6622

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Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

A major problem in the crypto market is the lack of innovation by developers. There have been multiple launches of “the new Bitcoin” despite the fact that Bitcoin is still heavily in demand. Since the market doesn't need a new coin, these coins inevitably fail.

Byakuga

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Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

Why do people trust DeFi projects? Probably because they are decentralized projects? People are just fooling themselves with the decentralized part thinking that their money will be more safer with anything decentralized, DeFi projects have been in this space since past years but because things turn around in 2020 and decentralized Finance became recognized people start FOMO parade, they forget that scammers are right in the corner waiting for a new opportunity just like ICO time

plvbob0070

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Quote from: Twinkledoe on December 05, 2020, 09:44:10 PM

Quote from: Kemarit on December 05, 2020, 09:38:01 PM

Quote from: tabas on December 05, 2020, 02:15:13 PM

Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

I don't know anything about that project but most of the projects in defi are failing. It's no longer getting the best attention that it gets just like before. Those that were launched earlier were the ones that took the momentum for the investors.
Don't question why a project like this has fallen because it's most of them are failing anyway.

Yes, I'm still confused here, however, we already smell from afar that Defi projects is just pure hype from the very beginning. Thus we all know that sooner or later it will fail miserably, like ICO and IEO in the past. So majority won't get into the next cycle as they will die specially if there is a new hype that comes along.

Good for those early bagholders, or for those whales and manipulators. Bad for those who don't DYOR and losing money in the Defi hype.

It is also the investor's responsibility to know and study if the project is legit or authentic. If you visit the scam accusations board here, you will find out a lot of these DeFi projects have existing allegations or plagiarism, use of fake photos, ponzi scheme and others. So if you have no time to dig on your own, you can browse this scam board and you will find out that a lot of these defis have issues.

However, it is the problem as some investors are impulsive-decision makers with their investments, especially with the rise of cryptocurrency trends. They disregard the benefits of conducting research with their process of assessing the project. Some of them barely have an idea of the differences of the projects, its objective, and significance in the market. Thus, we should perform our role as an investor and look into tiniest detail. Regardless, numerous Defi project has failed to continue in the crypto market. It is unsurprising honestly, as the concept of Defi has been misused by different projects.

Kocret02

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many projects only use the deFI name but in fact their project does not show such a deFI name. This is natural in my opinion if the project fails and it can be used as experience for anyone if they want to invest in a DeFI project, they must be careful

Twinkledoe

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Quote from: Kemarit on December 05, 2020, 09:38:01 PM

Quote from: tabas on December 05, 2020, 02:15:13 PM

Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

I don't know anything about that project but most of the projects in defi are failing. It's no longer getting the best attention that it gets just like before. Those that were launched earlier were the ones that took the momentum for the investors.
Don't question why a project like this has fallen because it's most of them are failing anyway.

Yes, I'm still confused here, however, we already smell from afar that Defi projects is just pure hype from the very beginning. Thus we all know that sooner or later it will fail miserably, like ICO and IEO in the past. So majority won't get into the next cycle as they will die specially if there is a new hype that comes along.

Good for those early bagholders, or for those whales and manipulators. Bad for those who don't DYOR and losing money in the Defi hype.

It is also the investor's responsibility to know and study if the project is legit or authentic. If you visit the scam accusations board here, you will find out a lot of these DeFi projects have existing allegations or plagiarism, use of fake photos, ponzi scheme and others. So if you have no time to dig on your own, you can browse this scam board and you will find out that a lot of these defis have issues.

Kemarit

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Quote from: tabas on December 05, 2020, 02:15:13 PM

Quote from: SHAHKHAN22 on December 05, 2020, 01:25:13 PM

In this year 2020 maximum Defi Project Failed I don't know why? All of them claim that his project is real and will be successful but maximum failed to success in crypto market.
They also destroyed too much people funds because people trust on them and invest here but in the end his defi project become failed.
What's your opinion about defi that why maximum project failed in 2020?

I don't know anything about that project but most of the projects in defi are failing. It's no longer getting the best attention that it gets just like before. Those that were launched earlier were the ones that took the momentum for the investors.
Don't question why a project like this has fallen because it's most of them are failing anyway.

Yes, I'm still confused here, however, we already smell from afar that Defi projects is just pure hype from the very beginning. Thus we all know that sooner or later it will fail miserably, like ICO and IEO in the past. So majority won't get into the next cycle as they will die specially if there is a new hype that comes along.

Good for those early bagholders, or for those whales and manipulators. Bad for those who don't DYOR and losing money in the Defi hype.

DoubleAweSeven

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It's because the team management sucks. They are so bad at handling things that I thought they are just there because DeFi was superbly hyped at that time. It's basically a project just for show. You don't have to think about it hat much because there's really nothing worth in that project.

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legendary

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There are many factors that cause the DeFi project to fail, but what should be paid attention to is you as an investor, you should try not to focus too much on the DeFi project because there are so many failed projects, too big hype causes many investors to lose money and be disappointed in the DeFi project,
Better to look for other projects and invest there, if you want to invest in DeFi projects, it's better to choose DeFi projects which have a large market capitalization such as UNI and also LINK.

MadeMen

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It's more of a norm to have more projects fail in the market. I remember the period of ICO, where we had several projects spring forth through ICO's but at the end of the day, we had much more failed projects. The Cryptocurrency industry is still in her infancy and more would be discovered as time goes on to keep the projects going.

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