Non DeFi projects starts going DeFi - page 6.

Zeehaxan

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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

Defi is actually the hyped up trend right now.
What i found more crazy is that yfi a token of yearn or yfinance whatever the project is called has a limited supply and the value has already grown over btc price, im continuously seeing its forks or copy projects and to my shock they are also becoming expensive and growing everyday, so basically people are in fomo about these projects and they are blindly chasing each and every project of this kind which is kind of un-natural.

aioc

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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

They are not confident of their project, so they create a switch to DeFi, because this is where the money is right now, and this makes it evident that these kinds of developers are only after money and they don't deserve investor's trust, it's not overnight that they can learn DeFi structure right away.

articlecity

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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

It is all greed and money grabbing, I am especially talking about the projects that were not advertised as defi initially but after seeing that big money is flowing into defi they intentionally started chanting defi with their project which is not right thing in my opinion and just goes to show that all they care about is money.

alisonwonder

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Quote from: Retainly_Collie on August 24, 2020, 06:26:47 AM

Quote from: ?? on ??

How is YAM a scam? The token is now rising up it's feet once again, if this project is scam it should be zero by now, a problem occurs within the project's max supply and that's understandable, anyways we will see what will happen around this project in few more months

How much increase? Its price when listed was over $ 150, and now it's just $ 0.04. Obviously this was a scam project and all the investors left this project, the price dropped 99.91% and I believe it will never grow again.

I don't think you have too much hope with the DeFi project because if the price collapses then it will only make you regret it like what happened to YFI, seeing the price on an exchange some time ago went crazy and made many people stuck there because they were deceived and influenced so they bought coins when the price is high and after that the price collapses and becomes cheap as it is at this time.

Andrews193

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Quote from: Jackl87 on August 24, 2020, 03:29:26 AM

I also noticed that some older projects just renamed themself or just claim to be a DeFi project now.
And for some of them it even worked. I had an old airdrop in one of my wallets which wasn't worth anything.
A few weeks ago they said they are a DeFi project now and changed some things then the token priced went up like crazy.

This Defi trend is a too tempting gift for us and scammers, even the founders of failed projects, it gives us an opportunity to make money, help old projects come back and open a hole for scammers to steal other people's money. As a result, a turmoil in the crypto market started to happen, most old projects are genius scammers, we should not look at their resurgence, although one of them can still be profitable but overall, don't follow this trend without knowledge, it's easy to lose everything

Retainly_Collie

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How is YAM a scam? The token is now rising up it's feet once again, if this project is scam it should be zero by now, a problem occurs within the project's max supply and that's understandable, anyways we will see what will happen around this project in few more months

How much increase? Its price when listed was over $ 150, and now it's just $ 0.04. Obviously this was a scam project and all the investors left this project, the price dropped 99.91% and I believe it will never grow again.

poodle63

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Quote from: Vilagra on August 24, 2020, 03:42:18 AM

Yeah it is really very funny when projects like Mainframe which very first idea wasn't related to DeFi in any way, now try to jump in hype train and provide DeFi product.

That's the chance for those to grab the demand. In fact, there were so many blockchain platforms have already started to provide their own defi ecosystem to be used for the new defi developers to build their own product too.

Squezzi55

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Investors should be careful around new DeFi projects and also old projects that want to take advantage of DeFi hypes, this is something that investors should learn to avoid by themselves

devil2man

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in fact we must always doubt those projects that try to re-profile themselves by suddenly becoming defi in my opinion just to follow the trail of success, the trend of the moment almost certainly without having a valid idea and infrastructures behind are almost certainly scams, better to stay away from them

Vilagra

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Yeah it is really very funny when projects like Mainframe which very first idea wasn't related to DeFi in any way, now try to jump in hype train and provide DeFi product.

Jackl87

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I also noticed that some older projects just renamed themself or just claim to be a DeFi project now.
And for some of them it even worked. I had an old airdrop in one of my wallets which wasn't worth anything.
A few weeks ago they said they are a DeFi project now and changed some things then the token priced went up like crazy.

lousie9

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after hearing a lot of news that the Hype defi was getting hotter, especially the old project that revived their project using Defi. to be honest I am also against this, because it is unfair and will only make the crypto concept worse. I've seen Defi SCAM projects like YAM, and maybe we'll hear about it in a few days about another Defi Project scam.

Gorosden

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I'm less worried about how long the DEFi hype will stay alive because I've take good profits from DeFi projects, some projects are useless though even if they are DeFi, as a investor you need to figure that out yourself and don't engage without been really confused

Francis Freeman

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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

Couldn't agree more . Out of nothing when a project decides to go Defi its an obvious fact that they are just trying to ride the wave. I would be very cautious of them.

judeafante

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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 don't trust these projects that left their project original concept and adopt other concepts, this is just to get money from investors who are now very much into DeFi, it shows they are not serious about their project and dedication to their platform, people trust them because of the platform they earlier promote.

nonconformist

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That is funny though. Because I think they are just riding the hype of DeFi. They are hoping that they can get a share of the trillion dollar worth of the Savings Market that is being transferred now from traditional money to digital assets such as Eth. And most of these projects are just empty shells, getting fast to be able to ride in the DeFi hype! Just look at what happened recently with Yam. That is absolutely disgusting.

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Quote from: BitTraderCute on August 16, 2020, 03:36:01 PM

they create hype from rename to Defi project. by naming Defi they think will attract new investors or atleast get stronger support from old investors. many non Defi now changes their roadmap to be Defi project only to make their token price rise again. and its not wrong as long as they able to generate gain.

The current project seeks to embed the word defi on every roadmap and it doesn't matter if the plan changes part of the whitepaper, investors won't be fooled and they are targeting investing in defi projects that are built from scratch.

The people only wants the trend not a real product. As of now, if there is a future news about defi it will fluctuate. But if there is news about listing and partnership, it moves down. Defi projects only hype the people. Let just be careful in investing defi projects because time will come, it may become the same way as the scammers did in ICO during 2017-2018. We should invest or buy only a token with product and listed in top exchange, otherwise we may end up in scam.

KimmyF

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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

Should we believe that these projects are scams? Some of my favorite project plans from 1-2 years ago, when new projects are ready to adjust in any situation like now implemented DeFi projects. I think real projects never do that to raise funds. Although new projects keep some good advisors to promote and funds rise as market flow.

BitTraderCute

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Quote from: zulfi125 on August 16, 2020, 10:38:56 AM

The projects from non-DeFi to adding features of DeFi is only to make money from the selling of their projects tokens, as you know DeFi hype is growing fast. Every project that has DeFi feature become successful, and investors also investing in DeFi projects, so everyone should keep on eyes those projects that are by birth non-DeFi.

they create hype from rename to Defi project. by naming Defi they think will attract new investors or atleast get stronger support from old investors. many non Defi now changes their roadmap to be Defi project only to make their token price rise again. and its not wrong as long as they able to generate gain.

irixo10

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Seriously most projects team are funny and fraudulent as well, once they see a trend that is booming they will look for a way to change their features towards it, follow up the hype, make their own money and neglect the project also. In a simple truth, any project doing this is dead on arrival, although they might succeed but the hype won't be for long hence those who will be caught in the net of hype will be much. Every project is unique in their own way, hence let it remain that way, anyone changing to Defi is just after investors funds.

Topic: Non DeFi projects starts going DeFi - page 6. (Read 1398 times)