Non DeFi projects starts going DeFi - page 4.

Iyanu14

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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

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.

tycsols

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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

Adding Defi into their product or platform for a new project can be seen with two perspectives.
If we look positively, it is good that project has realized the current trend and they also want to implement to stay uptodate with the market and so that their product does not look out dated.
While if we look negatively, they added defi to get attention, raise more funds and potentially exit scam.
Both are the possibilities but it is your job to analyse the team and make a decision if they are legit or not.

trauchot

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Quite right, now a lot of cryptocurrency companies are starting to update their technologies and capabilities and are trying to enter in the DeFi sphere in order to also become much more popular and in demand because of DeFi hype.

amishmanish

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There are projects in the ICO space that have had github activity and small communities since their ICOs. These are the people silently developing for the market to take notice. If such a project decides to jump onto the DeFi bandwagon, what could go wrong? They have already been at it for a few years. Maybe some form of pump in the offering.

Those that have hitherto remained silent and suddenly start talking about what a "revolution" DeFi is, are the ones to be wary of.

CodyAlfaridzi

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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.

CryptoTradeOne

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

coin-investor

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I just received a newsletter from Emirex who until now is locking the rewards of bounty hunters they are now offering Defi features in their platform, I don't really trust this platform because of what they did to bounty hunters whose rewards are still locking without a date this si one of the project that added DeFi because of the hype it's getting.

Tipstar

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Quote from: ?? on ??

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 think with the desire to make a profit, some investors take risks and invest in projects early

Even though Defi is a good and promising technology, with so much hype and scams going with the name defi, Its certain that a large number of investors are going to get hurt. People just don't even do a little research before joining and jump into the hype pretending they'll not be the ones that would be at loss. This would create a negative attitude towards the word as well the technology of investor's scale. Similar to how many people hate ICO and the process.

AmoreJaz

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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.

b1k4ng

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totally agree with you and i would also oppose it, the Defi project is just hype and is coming to an end. This is all the same as the trend in ICO and IEO after that was no longer profitable

GREENch

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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.

Ceyflix-Rez

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Even the good DEFi projects still carry risks too, what do you think will happen once the hype is over? The DeFi tokens and coins will revaluate for sure and those who got in at high price will get crushed, my point is to know and understand what you are doing, invest in coins when they are still cheap and invest minimum amounts you can afford to lose

shoreno

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Quote from: Wingsbtc on August 26, 2020, 02:38:44 AM

Scammers multiples in number when ICO became successful in 2017, the same thing should be expected this year too since DeFi is the top trending use case this year so far, newbies should be warned about blindly investing in new projects, majority of new projects are money grabbers.

ico is trending before and many people should learn with that experience if they are included on those who got scammed but even if they havent been scammed yet they are still aware that many people have been a victim on the past ico craze . they can apply what they see and learn on the current trend but its up to them if they let their inner selves to get carried away and wont mind being scammed at the end because im sure there will be .

Wingsbtc

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Scammers multiples in number when ICO became successful in 2017, the same thing should be expected this year too since DeFi is the top trending use case this year so far, newbies should be warned about blindly investing in new projects, majority of new projects are money grabbers.

tyoA7X

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I saw it like that, even a project that had long wanted to change direction to defi, This incident resulted in many high defi tokens being able to pump yesterday and of course many investors now like defi

Bitbtc8

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There are DeFi projects that are well know in crypto space now and that's the best projects one can invest on not new DeFi projects that could be scam or pump and dump, not all project team knows what they are doing, take note! You've been warned.

Bitbtc8

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All those projects that start using DeFi out of nowhere are here for the money, take note of such projects and never invest on them, projects should know where they stand and not just switching from one use case to another.

Debonaire217

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I notice that most of the projects nowadays are just going with the hype of new technological innovation in terms of investment. Before, there was ICO, then IEO's now DeFi projects. With regard to the projects that just converted their platform to DeFi, there's nothing wrong with it, as long as it includes Decentralized Finance, digital assets, protocols, smart contracts and decentralized apps. Let's just accept that all projects compete to each others and with them having the lead in digital industry, this is expected to happen.

joshua123

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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

This is correct. All of the defi hypes has been seen in the last few weeks. Most of the projects are entering the defi zone which on their platform is surely not on their concept. Im not so sure how the market would react to this but for some very observant this is really not good stand for crypto. The scammers will take advantage of this just to gain price up. Too many small time project has runaway and investors and traders loses their money.

fosco333

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That will be bad, non DeFi projects should not trying to become DeFi project.
Maybe they changed the project into DeFi because many DeFi projects are gaining attraction of investors.
Now before we want to invest on any DeFi project, we must ask them if they are really a DeFi project from the beginning.

Topic: Non DeFi projects starts going DeFi - page 4. (Read 1398 times)