Maximum Defi Project Failed in 2020 | Bitcointalksearch.org

awakpane

member

Activity: 1274

Merit: 12

Quote from: SaShiRaJaVu on January 26, 2021, 10:32:36 AM

Quote from: ?? on ??

In my opinion, Defi is here to be a solution to financial problems around the world. on the other hand, as Defi is increasingly in demand in the world, there are many groups of con artists who want to run projects with the concept of Defi and create tokens that have no good potential and they just want to get the benefits. therefore, before investing in a new project, you must do your research

DeFi is not a solution for the financial problems, i am skeptical and there are many who are earning a lot of money in the market but i would like to see how long these trend will last. The con artist will be there in the market and there are many in the DeFi platform as well as you could see many new projects popping up on a daily basis.

Indeed, despite all its advantages, Defi also has a number of challenges. First, blockchain is not completely free from security threats. the collateral value is still too high, even higher than the value of the loan itself. Therefore, there is a fraud threat factor that takes advantage of the Defi hype in giving birth to new projects by fraudsters.

lumierre

full member

Activity: 862

Merit: 100

Yam Finance was the most offensive disappointment. Dummy tokens were generated due to an error in the code. Incompetent developers left people with nothing. Many believed that this was done not by mistake, but on purpose, not in order to provide people with a service, but in order to raise money.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: btc-facebook on December 05, 2020, 08:00:23 PM

There are many factors that cause the DeFi project to fail, ~

however DeFi is a new ecosystem and still in the development stage, there are still many gaps that increase the chance of failure, lots of bugs and other technical problems.
what's more rumours and news that seem to be used to create hysteria, creating fomo. Actually DeFi is good, can solve many problems in the financial sector today, such as being global, and is more flexible. Unfortunately, many scammers take advantage of this moment to load half-baked projects, create projects that seem promising and then run away after getting investor funds.
it's best to do some in-depth analysis before engaging in this.

fahmimajannat

jr. member

Activity: 420

Merit: 1

Most of them failed because of team's lack of ability. Some people wants to get rich without any hardwork. Greediness is one of the reason behind the failures. They collect money from investor in the the end investors loose their money.
The main reason is lack of humanity, good policy and over greediness of the team or person.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Majority of DeFi investors have the mindset of making huge profit quickly not minding the credibility of the project once launched they invested in it to make quick money unfortunately many of those projects are fake and scammers, they dangle their investors with mouthwatering offers, DeFi hype was very massive last year this can easily deceive a newbie to fall for it, quite unfortunate that a lot of them don't bother to research more about those projects but will they rather invest blindly with the hope to earn 10x, 20x within the shortest period of time.

Waleedzain323

jr. member

Activity: 288

Merit: 1

Focus Your Aim

Well this is due to the repetitive products on defi such as uniswap became successful and the many projects just rained on defi with same aim and perpouse as kingswap , pool swap, unidapp , some of swaps became successful and many lost in mud hahaha projects alwasya need t be different

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: ?? on ??

In my opinion, Defi is here to be a solution to financial problems around the world. on the other hand, as Defi is increasingly in demand in the world, there are many groups of con artists who want to run projects with the concept of Defi and create tokens that have no good potential and they just want to get the benefits. therefore, before investing in a new project, you must do your research

DeFi is not a solution for the financial problems, i am skeptical and there are many who are earning a lot of money in the market but i would like to see how long these trend will last. The con artist will be there in the market and there are many in the DeFi platform as well as you could see many new projects popping up on a daily basis.

Mariangle Blocker

newbie

Activity: 28

Merit: 0

Quote from: Tushar Ramani on December 05, 2020, 01:39:11 PM

DeFi is a great solution indeed but that doesn't mean everyone must be launching their projects on top of that. The same happened with ICOs. More than 80% of them are failed and the ones who survived are already bleeding. It was just a hype that had blinded us with expectations.

think twice before you act

crypticj

sr. member

Activity: 873

Merit: 268

Nobody really using defi projects. Thats the main fail of them

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

They had to claim they are good and will be successful in order to attract more Investors, they also had to claim they will disrupt this crypto space in order to attract more investors, that is to say, new projects team are at liberty to say whatsoever they believe will make them get more investors, in the same way, this is also the reason why it is very important not to base your research on what they team is saying but however on their experience, their project's use case and so on.
Many DeFi projects failed last year, because many used the hype already built to grow while in fact, they had nothing to offer which further results to pump and dump projects, and in some cases, their team seems not to be experienced enough which further results to them being exploited by hackers and lastly, many were outright scam projects.
Hence, my opinion about DeFi is that, many are still coming up, therefore if you want to invest, make sure you carry out your due diligence and as usual know the team will also say good things to get investors.

Ken_terrance

member

Activity: 574

Merit: 18

Making Smart Money Work

Quote from: AssociatesBumble579 on January 26, 2021, 01:14:19 AM

I don't think DeFi will be as successful as ICO. DeFi can be decentralized but has many flaws. Smart contract vulnerability is one of them. You may lose all your money for this error. There are many examples of DeFi's platform being hacked.
The error of inevitable humans is another one. Every developer claimed that their cords were invincible. However, they do not know how each user was connected to the platform. Thus, it has the potential to lose all money.

Few DeFi projects will maintain their standards I believe but ICO is not a use case and can't be compared with DeFi, ICO is just a strategy to raise fund for projects but DeFi is much more, decentralized Finance projects should be the most secured because it's decentralized but many failed, some even got hacked

Ken_terrance

member

Activity: 574

Merit: 18

Making Smart Money Work

You are a victim of bad DeFi projects OP, after DeFi became big in 2020 many new projects starts going DeFi as well, even few old projects switch their projects to DeFi to take advantage of the hype, there was assurance that many new DeFi projects are not going to deliver, they are here to raise money and do nothing

AssociatesBumble579

member

Activity: 160

Merit: 10

I don't think DeFi will be as successful as ICO. DeFi can be decentralized but has many flaws. Smart contract vulnerability is one of them. You may lose all your money for this error. There are many examples of DeFi's platform being hacked.
The error of inevitable humans is another one. Every developer claimed that their cords were invincible. However, they do not know how each user was connected to the platform. Thus, it has the potential to lose all money.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Princejebs on December 26, 2020, 05:00:36 PM

I was never DeFi lover and enthusiast from start, the hype was out of this world right from lending, borrowing, decentralized and some sh**t that weren't necessary, now look at their performance and value from all time high.
It's even a pity that bitcoin is breaking places and altcoins aren't moving at all, DEGO finance that I ones hope on disappointed me at the end.

At the end it is always the same story, some supposed new form of cryptocurrency emerges with a new concept and then everyone gets on board then when the price of that original coin goes up to the point no one wants to buy anymore imitators and scammers create their own coins and the people that were left out at the beginning begin to invest in those coins as well, then sooner or later the money that came from those dumb enough to invest late runs out and the party is over, some people get rich while the majority lose everything they have and then bitcoin goes up in value when this is over.

Swopon

copper member

Activity: 700

Merit: 120

Gamdom

It is very normal after creating a hype. Defi was on the top and that's why people are choosing it to invest and the projects get successful. At the same time, scammer's entry destroy it and resulted in failure like ICO's. So hype always will not work with our expectations.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

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?

If you analyse the market good projects are thriving so like we always say, market needs quality not quantity and we should also face the fact that most of the projects that came up in the name of defi were fake and were designed to just exit scam so we need to be more watchful when dealing with new projects.

Princejebs

member

Activity: 560

Merit: 26

I was never DeFi lover and enthusiast from start, the hype was out of this world right from lending, borrowing, decentralized and some sh**t that weren't necessary, now look at their performance and value from all time high.
It's even a pity that bitcoin is breaking places and altcoins aren't moving at all, DEGO finance that I ones hope on disappointed me at the end.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: sulendra12 on December 21, 2020, 04:05:35 PM

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.

This is as simple as that, it seems that once a year scammers try to find new ways to rename their scams to keep trying to get money out of people, but people finally are seeing their pattern, we had icos, ieos, defis and who knows what else and all of them will end up in the same way, people do not trust new coins anymore, if anyone is claiming they are the new satoshi then they can prove it by releasing their coin and ask no money out of the people just as satoshi did a decade ago.

Miaallen

member

Activity: 573

Merit: 30

What I see is just that a whole lots of scammers follow the wave of trend and take the advantage to scam unsuspecting public. They knew people see DeFi projects as a means of making huge sum as the rate of their price increase was more than what anyone could imagine or explain.
They took the advantage and scam people. Not that their projects failed.

shoreno

full member

Activity: 1750

Merit: 118

because someone pushes that this defi is real and will be succesful does that mean theyr telling the truth ? not at all until you did your own research to find out but you did find out that they are scamming people .

that is the cause why they fail but fail is the right word to use ? because i think fail only means when the project has a lack of fund for continuing what they started . maximun didnt fail but they are succesful of what they are planning .

btc-facebook

legendary

Activity: 1862

Merit: 1015

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

legendary

Activity: 3122

Merit: 1140

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

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

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

sr. member

Activity: 1188

Merit: 251

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

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

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

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

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

legendary

Activity: 2534

Merit: 1338

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

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

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

legendary

Activity: 2660

Merit: 1074

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

full member

Activity: 546

Merit: 148

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

hero member

Activity: 1414

Merit: 574

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

newbie

Activity: 504

Merit: 0

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

member

Activity: 518

Merit: 28

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

copper member

Activity: 658

Merit: 402

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

sr. member

Activity: 1176

Merit: 250

Buzz App - Spin wheel, farm rewards

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

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

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

legendary

Activity: 3080

Merit: 1353

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

jr. member

Activity: 168

Merit: 4

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.

btc-facebook

legendary

Activity: 1862

Merit: 1015

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

copper member

Activity: 389

Merit: 1

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.

bitkanu

hero member

Activity: 2184

Merit: 513

Moonbet.io | Web3 Casino

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?

They were not being created for the defi purpose but those projects were being created to scam the investors. The majority of scam defi projects were doing rug pull to the funds and that means it has planned by the scammers to did it. The scammer has been putting the backdoor to make them will able to steal the funds from the uniswap and they were not doing locked to the funds.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

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.

Paycoinzzz

hero member

Activity: 994

Merit: 503

This is a common occurrence in new Defi projects. You just faced Maximum and have not encountered many scam projects. I myself am a project analyst and bring pool to the community but also encountered many scam projects like Dotswap, Hype.bet, ...
We can all go wrong during this market phase. True and fake are very difficult to distinguish and fraud is happening every day. Those who make promises to you often will not do anything about the project.
To make a safe investment, you should subscribe to Top7ICO's channel at telegram and receive news about potential projects. https://t.me/top7ico

SATWAT

member

Activity: 994

Merit: 46

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 happening just because of we are learning from our mistakes and trying things again and again as this crypto bubble badly burst few years back just because of fake ICO's and many scam projects so as we have something new we are doing same thing instead of doing some better work and try to have some better way for more investments and better values few greedy peoples trying to rich in just few days which is really hurting badly to this crypto world.

Tushar Ramani

member

Activity: 400

Merit: 15

Crypto Ghost Since 2017

DeFi is a great solution indeed but that doesn't mean everyone must be launching their projects on top of that. The same happened with ICOs. More than 80% of them are failed and the ones who survived are already bleeding. It was just a hype that had blinded us with expectations.

SHAHKHAN22

member

Activity: 322

Merit: 34

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?

Topic: Maximum Defi Project Failed in 2020 (Read 492 times)