Non DeFi projects starts going DeFi - page 3.

Questat

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Quote from: bobyhodob on August 27, 2020, 10:14:51 AM

Quote from: plr on August 27, 2020, 09:50:29 AM

Quote from: GreenStox on August 27, 2020, 08:18:29 AM

take advantage of existing data on defi projects, but we must be careful because not all defi projects will experience an increase due to data, some drop drastically, so we have to really choose the right project, lest our impatience make us lose money because we are tempted by Fomo from project defi.

I prefer investing first on projects that are on DeFi from the start they are the one who started this and they should get the support not some existing project that just add Decentralized Finance in their platform, right now I only have Oikos I got from bounty campaign and I hope they will become a good DeFi platfrom

investing in DeFi will not be able to guarantee a profit. It could be that the next few months this project will end in a scam and will make many people disappointed, so as much as possible to be careful and not to put all your assets in just one investment place.

The hype of DeFi projects is huge, so we should be aware when the hype is huge, it also means that the risk is high as scammers will try to use that opportunity to run their scams, and based on experience investing in the market, sometimes a project look legit but would scam over time, that's hard to determine to be honest, so we have to be careful, invest wisely and learn how to diversify our investment.

bobyhodob

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Quote from: plr on August 27, 2020, 09:50:29 AM

Quote from: GreenStox on August 27, 2020, 08:18:29 AM

take advantage of existing data on defi projects, but we must be careful because not all defi projects will experience an increase due to data, some drop drastically, so we have to really choose the right project, lest our impatience make us lose money because we are tempted by Fomo from project defi.

I prefer investing first on projects that are on DeFi from the start they are the one who started this and they should get the support not some existing project that just add Decentralized Finance in their platform, right now I only have Oikos I got from bounty campaign and I hope they will become a good DeFi platfrom

investing in DeFi will not be able to guarantee a profit. It could be that the next few months this project will end in a scam and will make many people disappointed, so as much as possible to be careful and not to put all your assets in just one investment place.

plr

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Activity: 1162

Merit: 24

Quote from: GreenStox on August 27, 2020, 08:18:29 AM

take advantage of existing data on defi projects, but we must be careful because not all defi projects will experience an increase due to data, some drop drastically, so we have to really choose the right project, lest our impatience make us lose money because we are tempted by Fomo from project defi.

I prefer investing first on projects that are on DeFi from the start they are the one who started this and they should get the support not some existing project that just add Decentralized Finance in their platform, right now I only have Oikos I got from bounty campaign and I hope they will become a good DeFi platfrom

GreenStox

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Undeads.com - P2E Runner Game

take advantage of existing data on defi projects, but we must be careful because not all defi projects will experience an increase due to data, some drop drastically, so we have to really choose the right project, lest our impatience make us lose money because we are tempted by Fomo from project defi.

princecharles

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Activity: 210

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The rate at which we're seeing new Defi tokens is alarming. I never knew about Defi until lately when it started trending. I had some Defi tokens unknown to me and it was when the acronym ' Defi' became popular that I knew I had some Defi tokens in my wallet. I know its possible for some projects to include Defi features to their projects, and I personally don't see anything harmful with it.

swordking

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swordking

Quote from: Apostlekin$$$ on August 26, 2020, 10:29:20 AM

It's still all about the same mistakes that investors use to do over and over again, the lack of doing good research is what making many invest money on stupid projects, now that DeFi projects are doing big many scammers will definitely bring their scam projects to lure inexperienced investors

Yes, its gonna happen because a lack of research before investing money in a newer project could vanish your capital. Now there are major chances many people would use Defi as a weapon to scam people and investors with a lack of research gonna thinks Defi is good and become a victim of a scam.

Anonocratic

newbie

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check out this non ethereum based defi project

https://finance.yahoo.com/news/safex-platinum-offer-non-ethereum-164500799.html

robelneo

legendary

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Since DeFi is the new trend we can expect a lot of new and old websites like exchanges to add DeFi features to their platform and I just received a notification from Emirex that they are going to add a Defi Features to their platform

Quote

Emirex DeFi is your all-in-one convenient and effective gateway to the world of DeFi. Our algorithms allow us to create a diversified portfolio with a maximum interest rate based on the offers from the most attractive DeFi services.

DeFi market is booming, with more than 6 billion USD worth of crypto now locked in DeFi, reaching that number from 2 billion in under two months. And we at Emirex want our community to benefit from this growing market.

So there you have it in their own mouth they are using their community to benefit, Emirex is very cunning until now they are not releasing the locked tokens of bounty hunters and no assurance of unlocking this so be very careful of Emirex.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

They say the trend is your friend, so if projects want to stay competitive in today's fast moving and paced market then they need to be providing products and services people want. I remember in 2017 we had the ICO craze, now you see everyone wants to go into DEFI and even the bigger blockchains will have DEFI projects running on their blockchains. You also have NFTS as well getting popular, especially after the crypto kitties phase. We either have to adapt to what the market wants, or we die, it's that simple and some will like it and some will not and be left behind.

GREENch

full member

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Quote from: AmoreJaz on August 26, 2020, 03:38:54 AM

Quote from: GREENch on August 26, 2020, 03:20:42 AM

To my great regret, the hype that surrounds Decentralized Finance is very harmful, because in the end people will lose trust (after all those mohinations and "money out of the air" that surround DeFi) and will associate it with something negative.

i am betting most of these DeFi-related projects will soon face their doomsday. by now, users should know this kind of hype is not long lasting esp for those projects that suddenly rise from their grave and decide to transform their project to DeFi.
only few of them have real app and can actually realise their objectives. all the others, just a nuisance in the market.

Unfortunately, this is likely to happen and it will be a blow to the reputation of both the entire crypto industry as a whole and DeFi. And a great idea will turn into an industry associated with scams.

Pasutinmeur

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Quote from: Apostlekin$$$ on August 26, 2020, 10:29:20 AM

It's still all about the same mistakes that investors use to do over and over again, the lack of doing good research is what making many invest money on stupid projects, now that DeFi projects are doing big many scammers will definitely bring their scam projects to lure inexperienced investors

If you are always watching the market and you will know if this time the investors are experienced to determine which is good or bad defi. It's about the non defi project that tries to follow the trend to release their defi but I think if they were going out from their capabilities and comfort zone.

Apostlekin$$$

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Sovryn - Brings DeFi to Bitcoin

It's still all about the same mistakes that investors use to do over and over again, the lack of doing good research is what making many invest money on stupid projects, now that DeFi projects are doing big many scammers will definitely bring their scam projects to lure inexperienced investors

atjiat

full member

Activity: 1204

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Quote from: bigcash2011 on August 26, 2020, 09:40:19 AM

Quote from: Phoenix_PROG on August 13, 2020, 04:39:23 AM

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

Although we should be careful around all this defi craze but if a project is legit and you are confident about it then there is no harm in using this trend as this will benefit the investors and community as well and for this if the project modifies or adds new products it will also be good for the project in the long run.

Quite a lot of analysts on the network claim that today many new projects are tying DeFi to themselves, having nothing technical to do with it. This could possibly be the next wave of scams, as DeFi is very attractive to investors and scammers are taking advantage of it. Even if the project is legitimate but uses the DeFi prefix with deception, then this is clearly wrong. It may be necessary to identify and counteract such commands according to certain criteria.

Jeger.Kiting

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Quote from: bigcash2011 on August 26, 2020, 09:40:19 AM

Quote from: Phoenix_PROG on August 13, 2020, 04:39:23 AM

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

Although we should be careful around all this defi craze but if a project is legit and you are confident about it then there is no harm in using this trend as this will benefit the investors and community as well and for this if the project modifies or adds new products it will also be good for the project in the long run.

To be honest I don't know the system that DeFi uses, is it the same as ICO / IEO, at least there is a procedure for a new project so that all investors and the public can trust the concept provided by the project, if DeFi is a new solution in the Crypto World for prevent fraudulent projects, so we should all support the system that DeFi has, in order to attract the interest of investors and communities around the world ..

bigcash2011

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Quote from: Phoenix_PROG on August 13, 2020, 04:39:23 AM

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

Although we should be careful around all this defi craze but if a project is legit and you are confident about it then there is no harm in using this trend as this will benefit the investors and community as well and for this if the project modifies or adds new products it will also be good for the project in the long run.

killerfrost

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PredX - AI-Powered Prediction Market

Quote from: GREENch on August 26, 2020, 03:20:42 AM

To my great regret, the hype that surrounds Decentralized Finance is very harmful, because in the end people will lose trust (after all those mohinations and "money out of the air" that surround DeFi) and will associate it with something negative.

It will also be like ICO, for the time being I think Defi will be crashed by scam projects popping up every day. It will cause many investors to lose money and lose faith in it. Be really careful when choosing Defi projects when you want to invest, there are many bullshit projects in operation.

Rafiqul

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www.cd3d.app

Quote from: jacafbiz on August 25, 2020, 09:21:19 AM

I don't think we should be surprise about this, most of these projects lack vision and not well deifined, they just go to where people are going. You will see what would happen to most of them soon when the DEFI hype dies down, just do not fall int their traps because they just want to give you their bags

I'm really worried about that. DEFI is on the rise in the crypto world these days and the term DEFI is being misused. Waste projects are currently using the term DEFI because of DEFI's hype; They are using it to increase the value of their project. Many are likely to fall into the trap of this deception. So we need to be careful and analyze before investing in any project.

CarlosCorreia

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Quote from: Phoenix_PROG on August 13, 2020, 04:39:23 AM

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'm a recent returnee to the world of crypto, and from what I'm seeing there is a big hype around DeFi.
This is looking like the big era of ICO's from a few years.

I think you are absolutely right! If a project is not thought to be DeFi and out of the sudden changes, there is a big chance that is trying to capitalize on hype and probably is fake/scam.

someone703

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Quote from: CodyAlfaridzi on August 26, 2020, 04:02:40 AM

Quote from: CryptoTradeOne on August 26, 2020, 03:52:41 AM

Hello guys! Apart from the above DeFi projects, who else knows any? or tell me where to find it?

A list by CoinGecko https://www.coingecko.com/en/defi

Of course not every DeFi is listed there, but it's a good place to start.

These projects have been listed on exchanges and the price has gone up so many times that it is difficult for us to invest in them and get a profit. It is better to look for Defi projects that are doing ICOs, their prices are very cheap and we will have a lot of profit if they are listed on exchanges.

Valzador

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Quote from: Iyanu14 on August 26, 2020, 07:17:56 AM

Exactly, because of a lot of hypes surrounding DeFi projects now, a lot of both non- DeFi projects are suddenly turning to one. Numerous airdrops are now flying around now and 90% of them claimed to be DeFis. We need to be more careful, fraudsters use any slight opportunity at their disposal.

We must avoid assessments like this. If you understand the crypto world, then I suggest you analyze their reasons for using defi. If the reasons they give are not clear and just making it up, then you can judge that the project only follows the hype to get money fast.

Topic: Non DeFi projects starts going DeFi - page 3. (Read 1398 times)