Topic: never invest in defi projects under the name Safe or Moon (Read 436 times)
Before going into any defi project blindly, you should conduct your own study. Not only because of the safe or moon, but also because of all the other defi projects. If you're serious about investing in their network, you'll need to investigate each of them. Don't get caught up in the hype around the project.
How can you sure if those are shitcoins?. You already not research their projects.. Judging the name of a coin is not right, you must research the project that is important to look not just the names so you will not get scam.
There is nothing there to research, by their doc/whitepaper, you will agree with me that they are shitcoin. How do just create something new, that's still struggling from financial aid and support and you just start shouting and blabbering that it will replace a grown market. It's silly.
I will not invest in meme coin, I would rather buy $20 worth of btc and keep than waste it on zero future coin with 10 decimal price with aim to $1. That's funny you know.
Yes, now many shitcoins are present in the crypto market. They mostly start or end with safe, moon, Shiba, Inu, dog, doge, pet, etc. They are useless and now their trend has been ended so investing in these coins will be a very wrong decision. You will regret after investing in them.
What we can expect from them, nothing, right?
The fact that they are useless projects, no matter if that does not belong to the safe moon, I'm still ignoring them. Too many projects were created at this time but it was too sad that only a few of them are legit. That becomes a huge problem to us and a lot of clone projects spread around making it hard for us to find who can be trusted and who's not.
The fact that they are useless projects, no matter if that does not belong to the safe moon, I'm still ignoring them. Too many projects were created at this time but it was too sad that only a few of them are legit. That becomes a huge problem to us and a lot of clone projects spread around making it hard for us to find who can be trusted and who's not.
I agree with you bro, such projects should be wary of. shitcoin has started to dare to go public and is ready to target anyone who dares to be there. so my advice is to avoid shitcoins and better play it safe on publicly tested coins koin
Since shitcoin got a lot of attention I never touch such coin again, I didnt even buy dogecoin since 2020, DeFi or too similar name is already very suspicious ,
but for DeFi projects there are few exceptions, it's better to choose a project that has been around for a long time, and see if the project already has a product or not, DeFi projects without a product are bullshit, so make sure Product is the main reason if you want to invest in a DeFi project.
but for DeFi projects there are few exceptions, it's better to choose a project that has been around for a long time, and see if the project already has a product or not, DeFi projects without a product are bullshit, so make sure Product is the main reason if you want to invest in a DeFi project.
I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
Fortunately I haven’t come across projects with such a name yet, but thanks for warning.I also have noticed that there are almost no good defi-projects now. In the first two days native tokens of them are growing and things are ok, but then people start withdrawing their money and price falls very rapidly and then it doesn’t return to past levels.
So it is a bad time for defi now, people just don’t believe in it, so it is better to wait now in terms of investing in defi.
I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
I can't justify your opinion directly. There are indeed a lot of shitcoins these days, but I don't know if it's from such a project. I also wonder why there is no effort to prevent such projects. I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
Those naming are just their marketing strategy to attract investors who like mooning. There are many projects coming out from that name scheme and even using planets for their marketing strat. I saw RushMoon, RushMars in the bounty section earlier this month and many hunters were fell into it leaving them with no payment.
but your not hating the original safemoon coin arent you ? but theres also coin named safe moon cash after the released of safemoon .
it was like a bitcoin cash after bitcoin but bitcoin cash has a better value and is existing till today in many platforms .
my point is not all that have the same name can be called a shitcoin or useless .
not just moon or safe coins but theres also more coins named after the doge coin
it was like a bitcoin cash after bitcoin but bitcoin cash has a better value and is existing till today in many platforms .
my point is not all that have the same name can be called a shitcoin or useless .
not just moon or safe coins but theres also more coins named after the doge coin
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there are still quite a number of people participating in such projects. Are they wrong?
And I see, the people involved in such projects are also experienced. This means that there are also projects that have succeeded in providing benefits.
The experienced player in investing into such project are those people who make early investment since they know how the project gonna be and after that its newbies that usually gets lured into investing that project giving the chance for those who make early investment to turn their profit. After all these kind of projects rarely make profit from the project to increase their market cap,this explains why their market cap usually can grow so high within short amount of time. And I see, the people involved in such projects are also experienced. This means that there are also projects that have succeeded in providing benefits.
there are still quite a number of people participating in such projects. Are they wrong?
And I see, the people involved in such projects are also experienced. This means that there are also projects that have succeeded in providing benefits.
And I see, the people involved in such projects are also experienced. This means that there are also projects that have succeeded in providing benefits.
I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
Thank you for the notification. Can you provide references that can strengthen us not to participate and invest in any project in the name of SAFE or MOON?I don't think all projects in that name are plagiarism projects.
I avoid investing in projects with safe or moon names. there are so many kinds of coins in pancake with unclear names and purposes. my friend has lost a lot of money investing in such projects.
In each defi project, you need to do your own research before jumping blindly on them. Not only with the safe or moon attached to its name but all the other defi projects as well. Most of them are just copycats of copycats. So you need to scrutinize each of them if you are seriously investing on their network. Don't follow the fud surrounding the project. You need to assess it on your own and check the important aspects of the project.
I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
A friend invited me to invest in Safemmon and other similar schemes with airdrops but I turned them all down, because there is no usage to speak off and no platform, all they have is a scheme that is very much similar to a Ponzi scheme, there has to be money coming in and new investors investing if the price will go up, I prefer investing in a project that I think will last in bear and bull markets. 
Well we are not that sure of course doing a proper research to the project itself is much better to have understanding if the project is worth it or not, a lot of people buy a Dogecoin right? but what the hell is a doge in the first place it's a meme but many people still buys it. Well it's important to know the project itself rather than just looking at its name.
I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
You're right, most projects containing safe and moon names end up rugpull/scam. I once bought tokens like that and just seconds after that the devs took out the liquidity.
I am agreed with what OP said, investing at kind coins like that is almost like gambling, i was trying several times, and no one profitable like most of them said, their price is up and down unpredicted, and sometimes rug and pull gone without trace.
It was my valuable lesson and make me more carefully to choose where i should put investment. Maybe the "safe or moon" tokens not fit for my style, even though people out there still like this kind of coins to their investment or daily trading activity.
It was my valuable lesson and make me more carefully to choose where i should put investment. Maybe the "safe or moon" tokens not fit for my style, even though people out there still like this kind of coins to their investment or daily trading activity.
I don't think it's just the type of name mentioned by the OP, every time there is a new crypto name that is booming it will be copied by many developers, adding the names of cryptos that are booming is not a problem. which being issues is that many new projects appear just to dredge up money from investors without any clarity after, pure create to scam people.
I already can't count how many defi projects were released today. I think most of the projects released are defi projects. and the coins coming from that project will just be shitcoins. If you still believe in defi and keep investing in such projects, my advice is to skip projects with the name SAFE or MOON. projects using that name are just shit. plagiarism project with a very big total supply. You will regret believing in such a project.
in the present time, I see scammers start moving to Defi project...mock concepts and whitepapers, APY's unreasonable ROI promises, and tight marketing. I've been deterred from investing in defi, it's better to only invest in defi that already has a good reputation like pancakeswap and others.
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