The reason why we should choose carefully on every project that we would participate.
Don't just rush in because they said that they are DeFi project learn to check if they have potential to gain investor to continue their project.
Topic: My take on DeFi bounties - page 4. (Read 1602 times)
Now it's like the DeFi project era because there have been so many lately, so now we have to do more research before participating in a project, because many scam projects are looking for opportunities nowadays.
DiFi bounty is 99% fake or scam. I joined the bounty at about 8. But Not a single payment.
As happened in ICO, the same scenario will be repeated again with deFi, but deFi projects will be more dangerous because scam projects will exploit the concept of decentralized financing to deceive investors and they will hide the team behind the project, I think after several months from now, having an honest project will be like searching in a maze, due to the large number of projects that will exploit the name of the deFi system.
The only Defi project that I have gotten my time, investment and attention is captainbitcoin. No ICO or bounty conducted yet, don't think they'll ever conduct any. They have 100k users on their platform within 3months. It's the fast rising defi project ever. Just watch and earn token
Most of the defi-bounties are scam projects without actual teams, some of them don't even have standard whitepapers. I previously tried to participate in two of those bounties and all of them were scams. The best thing to do is to do research on a project before promoting it.
We know the drills here. whenever there is a hype or any bubble , the scammers utilizes the opportunity to create projects that are similar to the hype. what hunters are concerned are for the projects to pay at the end. we know projects that are real and are focus on what they are working on Not scammers looking for free money and when it fails, the exitscammed.
as we can see nowadays Defi has become very popular in the last few weeks and months, therefore there are a lot of con artists who want to ride the defi hype train with their own defi clone project. or turn on an old project using the Defi system. but if you are interested in Defi, my advice is always to be careful.
Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.
1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes
You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
I am glad that most part of defi hype is over and now non serious projects will be completely wiped out of the market and this was suggested by all experienced members even during massive hype and trend of defi where fake projecgs were making easy free money because people were in fomo and chasing every new project without even reading about it. From now on only quality will matter and only top projects will be able to sustain. 1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes
You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
As practice shows, DeFi projects do not need advertising too much. Even bizarre-named coins, created for fun, are gaining a capitalization of several thousand dollars out of nowhere.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.
As happened in ICO, the same scenario will be repeated again with deFi, but deFi projects will be more dangerous because scam projects will exploit the concept of decentralized financing to deceive investors and they will hide the team behind the project, I think after several months from now, having an honest project will be like searching in a maze, due to the large number of projects that will exploit the name of the deFi system.
Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.
1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes
You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes
You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
Obviously scammers are going where the money and the hype is, it's a fact now scammers have invaded DeFi, and it's investors fault if they did not do enough research and scrutinize projects that they are interested to invest, right now this early people have lost a lot of money because of these scam DeFi.
As practice shows, DeFi projects do not need advertising too much. Even bizarre-named coins, created for fun, are gaining a capitalization of several thousand dollars out of nowhere.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.
As in the past, very few good projects will resort to bounty services, which is why most of ANY bounties, including DeFi , will be very dubious. But this does not mean that we cannot be lucky to meet a good project. As usual, 2 out of 100.
Well that is completely true most of the current Defi bounties are scams .Some do not even have a complete white paper about the project and in some cases most of the team members are not known while in some the team members are fake.People have to be careful in choosing Defi project because many of them are scams nowadays.
The hysteria of DeFi is used by scammers to trick investors who are not conscientious, rushed, fomo, and just want instant profits. I've even found a project that claims DeFi uses an old twitter account that has been used to join airdrops for other projects, even if the post hasn't been deleted, it's ridiculous. Make sure you don't FOMo, and do in-depth analysis, check out social media and websites. do not be hooked on instant profits, keep your assets as possible.My advice, if you want to join the DeFi project, check the supporting partners, make sure it's official, for example pancakes supported by Binance
Well that is completely true most of the current Defi bounties are scams .Some do not even have a complete white paper about the project and in some cases most of the team members are not known while in some the team members are fake.People have to be careful in choosing Defi project because many of them are scams nowadays.
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Almost 99 percent of DeFi projects in bounty section are scam, you can say I have no prove but this is just my normal thought.
1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes
You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
you are absolutely right with all you've said bro, infact, you said my mind, 99.9 of all this Defi projects are complete scam except for a few, ive leant over time and now, am always very selective of the campaign I choose to join, i aways research very well before I decide, and this is what I urge every one to always do, scams in crypto has become a major concern for almost everyone, i would dare say that 100 percent of all alrdrops currently running on telegram are total scam, i just pray that all this stop or atleast reduce to the nearest minimum or else, it might become a major concern in the future 1. Why are almost all bounties released today DeFi projects?
2. Most of these projects have no information about team
( They are complete anonymous)
3. Majority of them are rushed, you can judge merely looking at website domain and designs
4. There are some that based on Uniswap wannabes
You can't compare these projects with real DeFi projects like introduced bounties like Oikos, Lattice, DIA, and few others, my advice is to be extremely picky after doing research
Defi is the current project trend, this hype is the main reason why many new projects have sprung up on this forum and not only that, there are even old projects that mimic defi. Currently there are many defi-based projects and my advice you need to be careful before choosing or joining in it.
not all project defi is a scam. Some do their best to make their project a success but it is unfortunate to see that investors made the right decision not to consider it. In fact, fraudulent projects have corrupted crypto and held back investors from giving their trust, which is why only a few projects are successful while many will sadly be nothing.
On the other hand, the Defi Yland bounty project at that time only lasted 1 week and participants got big prizes. Imagine 1 week wrote only 1 Articel and made $ 600. I missed a party, I was only part of twitter and was lucky to get 1 yland: 1 ETH.
On the other hand, the Defi Yland bounty project at that time only lasted 1 week and participants got big prizes. Imagine 1 week wrote only 1 Articel and made $ 600. I missed a party, I was only part of twitter and was lucky to get 1 yland: 1 ETH.
Scam is not something that regular people make, it is people who accept the fact that they are doing something illegal and the sad part is most of them do not get caught or face jail time because of it, so doing it is easier than doing a real life scam.
If you scam someone face to face in real life that would cause you to go to jail, they will somehow find you and sue you and you will go to jail because of it, but when you do that in crypto world they do not give their real names and even if they do you are online and in another nation and if you are in the same nation it is crypto so it is difficult. There is a ton of reasons why you couldn't do this, which is why scams on crypto world is easier and that is why they are the most common reason why they do it.
If you scam someone face to face in real life that would cause you to go to jail, they will somehow find you and sue you and you will go to jail because of it, but when you do that in crypto world they do not give their real names and even if they do you are online and in another nation and if you are in the same nation it is crypto so it is difficult. There is a ton of reasons why you couldn't do this, which is why scams on crypto world is easier and that is why they are the most common reason why they do it.
Regulation is not something in crypto that we love too much, especially when it comes to bitcoin we want it to be out of governments hands and into the people which means regulations on bitcoin will make it harder to go up so we do not want it, just make it legal and be done with it, that is all we need from governments and nothing more.
However one more thing is important here, ICO and STO and IEO didn't had regulations neither and some of them went high, defi doesn't have regulations and some of them went high as well, which means just because it doesn't have regulation it will not go up, that is not the case, some of them do not have regulations and still manage to go up, there are other stuff you could check to see if the bounty is real or not aside from regulations.
However one more thing is important here, ICO and STO and IEO didn't had regulations neither and some of them went high, defi doesn't have regulations and some of them went high as well, which means just because it doesn't have regulation it will not go up, that is not the case, some of them do not have regulations and still manage to go up, there are other stuff you could check to see if the bounty is real or not aside from regulations.
I also think that 90 percent are scammers. You need to be very vigilant when choosing a project for investment. I think that there are many great projects where you can invest and what I am doing. Scammers don't sleep. They have always been, are and will be!
It is not about investing but about taking part in the bounty program of several DeFi project. As usual, the number of DeFi project is increasing as this is a new trend after IEO. Also because of this the number of scam project will continue to grow as people are very interested in DeFi these day. Some of this look legitimate and 95% in my opinion doesn't benefit anyone, including bounty hunter. Forcing yourself to join blindly will only be a waste of time and not profitable, so analyze your best before deciding to join. Jump to: