I think you are overgeneralizing all DeFi. you should make it more specific, because when you talk about DeFi then you are automatically talking about thousands of projects. If you think DeFi is not a good investment, then just give one name instead of saying all DeFi projects are bad.
oh you said Safe or Moon? is that representative enough? think again !!!!
There is nothing wrong, if and feel disappointed, because from the beginning their project as one of the projects that has a fairly large level of risk, due to supply reasons? actually it's not just a supply problem, but as shitcoin or memecoin it's common to be played around more easily by investors. Which they only lasted for a short decade. therefore still doubt that Bitcoin has provided more security than what you think? value resilience and unstoppable growth. Bitcoin answers your complaints. So, immediately leave the shitcoin project, if it is deemed detrimental to your finances.
Topic: never invest in defi projects under the name Safe or Moon - page 3. (Read 501 times)
Whenever a coin or project is successful, the scammers come up with another project with a nearby name. Some of these projects are baby doge, dogeswap, apetools, MoonDeFi, SafeBTC etc. Before investing in a project, you must do a little research on it.
Or those recent naming trend like baby doge, baby shiba, baby dpet, and whatever project that's currently popular. Most (if not all) of these projects are just short term and money grabs. Imagine seeing a project with a campaign slogan meme token with a real use case 
I have found a similar meme that promised to revolutionized the dog breeds and then I skipped for a moment, how on earth can a total supply of thousands of trillions tokens will do this, perhaps because they are deflationary simply because they aim to kill doggy.
I have not only stop looking at meme coins but also stop advertising them. There is high chance of wasting your precious time advertising and fooling yourself concurrently.
If Shiba couldn't make it, the probability of other meme success is 0.1%
The scammers were taking the advantage by using the name similar with the name that used by the project that already hyped by the crypto investors.
The scammer think that if they can lure people to buy their garbage token but i can't deny the fact that some people without knowledge in the crypto may buy it.
This awareness will be very helpful to the new user in the crypto.
I hope this trend will be stopped in the future.
The scammer think that if they can lure people to buy their garbage token but i can't deny the fact that some people without knowledge in the crypto may buy it.
This awareness will be very helpful to the new user in the crypto.
I hope this trend will be stopped in the future.
Lol, I can understand your point mate, lately there are a good amount of project either with moon or safe attached to their names, it is almost like a common practice in crypto, once a project with a particular name is successful, any other project coming afterwards would want to imitate or copy some part of the name to also draw some attention, and some of them are temporary money grab to deceive people, it is important investors take note of this.
Unfortunately, despite being told, there will always be people who invest and they will be angry when the investment suffers a loss. they think a project with a name that is almost similar to a big project will follow its success. they forget that plagiarism has no future. still believe in a project like this is the wrong choice.
The scammers were always plagiarizing everything and this has been happening since a few years ago when the protocol coin has become a new trend and then the scammers was stealing the code and they were creating the scam coin. This will never end and people must do deep research to avoid investing in the shit scam token. The tokenization protocol was making it even crazy than before.
The scammer can issue various coins in a day to scam people
The scammer can issue various coins in a day 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 my opinion, the good and bad of a project is not determined by the name or symbol but depends on the team that is in the project. If the team in the project is sincere and honest in their work then the project can be successful so that the price of their token continues to increase. Do not take for granted tokens that have a low price at the time of presale because investors will buy these tokens in large quantities and wait for the success of the project.
Yeah, I'm not doing that. I'm investing only in old and well-known coins like BTC, ETH, LTC. People think that they will buy cheap coin and it's gonna increase x1000 but it's not gonna happen.
Thanks for the advice.
But as you know 90% of crypto-user always following this project and feel like dumb people who really easy to be a scam. That's the reason why the most scam activity is really many on crypto and you know just like a heaven for the scammer. They make scam project, rug pull and missing without getting caught by the authority just easy to do this rather than scam on real-live.
But as you know 90% of crypto-user always following this project and feel like dumb people who really easy to be a scam. That's the reason why the most scam activity is really many on crypto and you know just like a heaven for the scammer. They make scam project, rug pull and missing without getting caught by the authority just easy to do this rather than scam on real-live.
We know that dude and this time so many new scam NFT tokens were being issued by the scammers under the name of mon. Just take a look at how binamon was getting a very popular right now and it was triggering the scammer to create more and more token with mon at the end of the name. So many scammers create more and more scam tokens.
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Agree, project that tails an existing succesfull project for naming will usually not as succesfull as the project they are inspired from since when it comes to a project like this their similar naming is just to attract attention.
Ive seen plenty of projects that uses the name you mentioned doing some rugpulls etc but people still fall for it. I guess the naming used by these project really works but have negative effect for investors overall.
Ive seen plenty of projects that uses the name you mentioned doing some rugpulls etc but people still fall for it. I guess the naming used by these project really works but have negative effect for investors overall.
I guess some are aware of those project being shitcoins. Dont be shocked that some of those who traded those arent actually newbie but really taking engage on those trades, cause sometime they knew that the project is gonn a pump and how is this possible. You can feel it if you seaerched that some CT or paid influencers are sharing or mentioning them you knew that there is a bright chance that it could do a pump and thats where those traders will ride on it.
Sometime I also joined if I think this pump and dump shitcoin have a potential to pumo even for 5x to 10x profits.
Sometime I also joined if I think this pump and dump shitcoin have a potential to pumo even for 5x to 10x profits.
Or those recent naming trend like baby doge, baby shiba, baby dpet, and whatever project that's currently popular. Most (if not all) of these projects are just short term and money grabs. Imagine seeing a project with a campaign slogan meme token with a real use case
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.
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