Non DeFi projects starts going DeFi - page 9.

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Quote from: Questat on August 13, 2020, 07:00:47 AM

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.

In the same way, we have seen many projects that used blockchain. And it was clear that the blockchain was not needed for the implementation of such an ICO. It's just that the ICO used blockchain for the sake of HYIP, just as many projects are now called DeFi, but they are not.

Kunnu

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You're right there are many cryptocurrency project developers who are preparing to take advantages in the name of DeFi even their project concept has no connection to DeFi these kind of disgusting attempts of them clearly indicates that they just want to make money with the hype of DeFi but I believe that crypto community is smart enough these days so they would keep away with these kind of traps.

akwfleaspirit

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The defi hype is really crazy.. Many have lost due to the hype of many defi projects, which turned out to be scam. The ones doing well are few amongst 100%, guide your currency jealousy and don't get carried away with the whole defi hype. If you must invest, invest wisely. Do a thorough check on the team and project, before investing.

iamaruf

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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

Yes you are right mate. I already told so many times. Few dead projects already turned their business to DeFi because of DeFi hype. After that they already pumped so high. Always warned so many members to avoid those kind of project and don't jump all the DeFi projects because many DeFi projects are shit but they are collecting money by using DeFi.Be careful guys.

PerfectCircle

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It's easier to figure out which project was never a DeFi project and plan to shift into DeFi, just pretend you don't see them and invest in real better DeFi projects, developers and team are sometimes greedy too, I'm not surprised this is happening

samcrypto

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Shifting into a DeFi project is not good at all because they are taking advantage the popularity of DeFi right now and they have no confidence about their project at the first place. If the team is just after the money, then its not worth investing and you should leave right away because of its suspicious progress.

A real growth is not about shifting into another system, if you're a good developer you will believe on your own project and you will not just follow the hype and make money and will leave the market later on. This is quiet alarming, if many projects moves the same way then its not good to hold.

S4VV4S

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Quote from: restuibu on August 13, 2020, 09:03:16 PM

yes I have seen it too, lots of projects have moved to defi because of the hype. they should not have to do that if the project development is indeed good and is in demand by many people then they will not lose to the defi project right!. I just followed the defi project from the start and avoided the old project that changed the defi because I thought it was too dangerous

Projects that change to a defi platform are inconsistent and insecure project. They shouldn't keep up with the current Hype, they should be able to build for their own projects, Without having to copy other projects. I personally would not choose a project that converts to a defi platform.

goaldigger

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Quote from: aprilnot on August 13, 2020, 10:13:05 PM

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

yes you're right, this was too suspicious from the start. I wont believe in a project like this. maybe for devs it was a way to get their coins back hype, but for investors / traders it was just a hoax. as long as there is no real use of such projects will eventually fall. maybe when DeFi is no longer popular, such projects will return to their place of origin.

It might be suspicious but maybe the team sees a great potential under the DeFi system, well It will still depend on the project cause we can't claim it as a scam or what not unless they make wrong moves on this one.

The hype on DeFi is indeed high right now, so if they are planning to join the hype then that's more suspicious but if the sudden change can make the project more effective and successful, then let's give them a chance to work on it but invest with caution and with your own research.

aprilnot

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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

yes you're right, this was too suspicious from the start. I wont believe in a project like this. maybe for devs it was a way to get their coins back hype, but for investors / traders it was just a hoax. as long as there is no real use of such projects will eventually fall. maybe when DeFi is no longer popular, such projects will return to their place of origin.

restuibu

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yes I have seen it too, lots of projects have moved to defi because of the hype. they should not have to do that if the project development is indeed good and is in demand by many people then they will not lose to the defi project right!. I just followed the defi project from the start and avoided the old project that changed the defi because I thought it was too dangerous

kaneki007

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I joined a lot of telegram groups whose projects have been going on for a long time even before the hype DeFi appeared and suddenly they changed their concept towards DeFi because it's currently hype. I think many project take advantage of this moment to increase investor interest, it's just that I think it's the wrong way because from the start the project didn't have a DeFi concept/plan.

flagpara

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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 understand the same point. Why do new projects want to add DeFi features? These projects have focused on funds rising then disappearing. I could be wrong, every project has plans from the beginning as white paper but now to funds raise, plans are changing. All DeFi projects are now favorite for new investors.

kawetsriyanto

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You are right, they are trying to follow Defi Hypes. Just stay away from any projects which follow the Hypes. I don't think quality projects will change directly their original plans. It is better to follow crypto projects which consistent to improve their quality, features, or services in their own ways. An established good project shouldn't be easy to follow Hypes or FOMO.

aemma

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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 already happening and that shows how desperate most team are in looking for a way to make money. How can a project with defined features all of a sudden decides to change or add another different features which wasn't there from the on set, the question is, how can they even develop on it when it's obvious they have no idea about it beforehand?. Defi has caused the hype so now, every one is trying to get their own share of the money, while this will benefit the team more the users might be trapped. Therefore just like you advised, it is very important to be careful of such projects because there is nothing they are bringing but are coming to take.

Annamike

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Quote from: pathapoddo on August 13, 2020, 03:03:03 PM

Yes, Today I saw a news that Waves is partnering with Tron to make their own Defi Project. Suddenly why they would take a decision to move to defi? The answer is the defi hype. Guess what? Waves price already at 3.02$. Where yesterday the price was below 2$. Most of the project it trying to attach with the so called Defi to gain their token price high.

Exactly, the answer is the DeFi Hype cos they want to follow the trend, which to me personally its not a bad thing but I will have to be very careful before I follow any profit that suddenly decides to go DeFi

Inkdatar

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Quote from: pathapoddo on August 13, 2020, 03:03:03 PM

Yes, Today I saw a news that Waves is partnering with Tron to make their own Defi Project. Suddenly why they would take a decision to move to defi? The answer is the defi hype. Guess what? Waves price already at 3.02$. Where yesterday the price was below 2$. Most of the project it trying to attach with the so called Defi to gain their token price high.

This defi came out this year and people are talking about this even through social media. A lot of hype actually even those old project becomes defi to attract investors. Not a surprise though, they're making ways to gains momentum these days. Waves an old project partnering to Tron so that their project could gain more users. So much hype actually better reviews the project first before investing in.

chanc3r

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Quote from: BeginToMine on August 13, 2020, 02:34:15 PM

Defi is all over the market and even coins that died years back are going in for Defi and I was surprised to see a good well known project go into Defi too which sounds somehow but not withstanding everyone has their own means of increasing there coin volume.

They were following the waves and I remember when ico has become a big trend and most of the projects have started to launch their ico too. This is the same as what's happening with crypto in a few years ago. I think everyone knows about this.

peter0425

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Quote from: RabbiTANK on August 13, 2020, 12:52:07 PM

If it's a must for you to invest in DeFi project make sure they have other use cases or utility like how DIA have Oracle feature like chainlink does as well, many crap projects will take advantage of DeFi Hypes for sure

That's for sure, many old projects will just join the ride.

Better to make clear and precise review and research with any of this projects that attach with DeFi
if you don't want to lose your money, It's very important to assess before joining or investing to this
not because of fomo but because you understand fully and you believe that it will bring something
good out of your investment.

disconnectme

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I can see more than 50% of the projects in the space at the end of this bull run been categorised as DEFI, remember when almost every projects was launching their own blockchain because they want to run smart contract on their own chain. This is just the beginning just don't fall for it

pathapoddo

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Yes, Today I saw a news that Waves is partnering with Tron to make their own Defi Project. Suddenly why they would take a decision to move to defi? The answer is the defi hype. Guess what? Waves price already at 3.02$. Where yesterday the price was below 2$. Most of the project it trying to attach with the so called Defi to gain their token price high.

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