Topic: Non DeFi projects starts going DeFi - page 11. (Read 1368 times)
That's true, there are some projects that start going Defi just because of the hype. Those kinds of projects are taking advantage to gather more investors to start investing into their project. DeFi is really popular right now that if investors heard that a certain project is a DeFi project, they will invest right away.
One have to be very careful while investing in defi projects. I don't see it as trade tho. But as a gamble. Defi hype have really turned many to penny less, while it enriched others. But the main thing is to do a thorough research on the project before going into it. Let's be wise, this is another way of exploit.
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
basically every project that introduced a feature Defi trying to get a profit for a while they tried to lure investors to invest a hype trap to increase trade and volume for the coins look so profitable for the project linking the product Defi though they are not related at all this is all because of the purpose for profit. 
That's a scam token behind DeFi project!
Yam finance (YAM) is one of them with scam accusations. Early greedy investors can earn profits from scam DeFi but late guys with later scam DeFi projects will suffer loses. They are another way to build up successful scam projects, after privacy coins, ICOs, IEOs. Such scams can not be boomed without endings.https://cointelegraph.com/news/yam-suffers-technical-outage-following-scam-accusations
Where can you find new defi projects?
I know the following links where you are able to find defi projects.
https://defipulse.com/
https://defiprime.com/
https://www.coingecko.com/en/defi
But where can you find new projects which are not listed yet e.g. at coingecko
I know the following links where you are able to find defi projects.
https://defipulse.com/
https://defiprime.com/
https://www.coingecko.com/en/defi
But where can you find new projects which are not listed yet e.g. at coingecko
Follow where the money is, so don't be surprised that old projects are really hopping on the DeFi bandwagon. I think it's a good idea, but the problem is that if the project is just doing it for the sake of the hype and not for the crypto sphere. And then pull out an exit scam in the end. But I do think that we have learned our lessons here, we really need to be very careful where to invest our hard earn money so that we won't get scam at the end.
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
Well, many projects that have nothing to do with Defi have started using it to create hype for the project. So be really careful with those projects because they are scams and very dangerous to invest in. Over the next few months, I believe that Defi will go down like ICO in 2017 
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
some old projects take advantage of the Defi hype, I think that's good, because it looks like old projects are still alive and give new colors to cryptocurrencies, many projects in the platform category have this new feature, looks good 
Carefully study the recommendations for investing in ICO in 2017, nevertheless, these recommendations will now be relevant for DEFI projects.
It is necessary to closely monitor the team, advisors, partners, study all the technical details of the project and its usefulness for the community.
It takes 1 year or more to develop a good project. And if a month ago we did not know anything about the project, and now its IEO is starting, then I advise you to avoid investments.
It is necessary to closely monitor the team, advisors, partners, study all the technical details of the project and its usefulness for the community.
It takes 1 year or more to develop a good project. And if a month ago we did not know anything about the project, and now its IEO is starting, then I advise you to avoid investments.
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
I feel like these projects that are switching to DeFi is resorting to this really dirty tactic of misleading future investors. DeFi is hitting the mainstream too hard and these people are just jumping at the oppurtunity to take advantage of newbies.
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
Actually DeFi is a very broad term, anything related to crypto exchange, buy , sell, transfer, lend, hold, borrow, payments, investing and profits and any kind of revenue all can fall under defi so projects that were not using this term before are now using it to catch the hype wave and benefit from it.
this also tell you one thing, traders and the so called investors are just following hype and buy things without thinking straight. seriously, most of these projects should've died already. they keep ripping off users and then disappear to start a new one. if only everyone can think and stop throwing money around.
That's because of the hype, you can't blame them, in this tight competition of the market, they also want to succeed.
Warning is fair, we need to be careful, but on the project's totality, not because they divert into DeFi and ride with the hype, I'm sure people are aware of that already.
Why ignore them if they have a potential? There are good projects that has struggle to market their project, but since there's a hype on DeFi, maybe it's their chance to finally introduce it the investors, who knows this is just the timing they are waiting and their project could be an asset to the market.
Warning is fair, we need to be careful, but on the project's totality, not because they divert into DeFi and ride with the hype, I'm sure people are aware of that already.
Just ignore them and choose projects that are based DeFi projects from the beginning, you should be expecting such to happen already since DeFi is the trending projects in crypto space today, many projects will want to take advantage for sure.
Why ignore them if they have a potential? There are good projects that has struggle to market their project, but since there's a hype on DeFi, maybe it's their chance to finally introduce it the investors, who knows this is just the timing they are waiting and their project could be an asset to the market.
Yes, i have seen updates from old projects that they are going DeFi, it's pretty simple to understand that old projects wants to really ride the hype train for DeFi ecosystem and with that approach they encouraging investors to support them. I am also seeing new projects popping like mushroom in crypto space about adopting DeFi ecosystem concept and it's a worrying situations that greedy people will absolutely abused that anytime soon.
Ive seen a lot of old projects that changing their concept into defi. For me this is not good cause clearly they only riding with the hype just to revive their project. Im not saying their not allowed but they are looking to desperate with this approach.
Let say they changed into defi. People are now getting involved with a lot of defi projects some are not even reviewing the platform anymore if its legit or not as long as they can participate and sell at uniswap.
Let say they changed into defi. People are now getting involved with a lot of defi projects some are not even reviewing the platform anymore if its legit or not as long as they can participate and sell at uniswap.
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
If you absolutely need to jump into defi craze just at least check their website and forum thread and when and how they were launched. Defi projects like Chainlink, Band and compound had started this trend but now every of the projects are calling themselves defi even that was not on their whitepaper. It would be risky to put money on any defi related coin at the moment as they are sure to correct large. 
That's a scam token behind DeFi project!
Investing on a DeFi project right now is a bad idea, you're gambling not investing. Because you're buy because of FOMO and want to multiple your money, you can also loss a huge amount money too. Remember altcoin season on 2017-2018? it's similar on DeFi hype now
Investing on a DeFi project right now is a bad idea, you're gambling not investing. Because you're buy because of FOMO and want to multiple your money, you can also loss a huge amount money too. Remember altcoin season on 2017-2018? it's similar on DeFi hype now
Just ignore them and choose projects that are based DeFi projects from the beginning, you should be expecting such to happen already since DeFi is the trending projects in crypto space today, many projects will want to take advantage for sure.
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
This is so true! When a hype comes up in the market, a lot of projects will follow the hype just to attract people. Those projects are more likely to be a low qualification project that doesn't have any strengths. If you're involving in any project that suddenly claims it as DeFi project, just drop it! I strongly disagree with those projects which always wait for a hype to follow! Believe me, you'll get nothing from those projects!
Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous
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