The newest#DEFI project to look out | Bitcointalksearch.org

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legendary

Activity: 2282

Merit: 1041

Quote from: Elderman87 on September 15, 2020, 09:34:51 AM

Quote from: btcltcdigger on September 15, 2020, 04:57:57 AM

No team, small wallpaper, doesn't look legit.
Unfortunately many scammers are jumping on the DeFi train nowadays, and offer projects which are a direct copy of the current successful projects.

DYOR but to me this looks shady as hell

That's correct. However, does the size of the whitepaper really matter?

I think the major point of any project should be in delivering and fufiling whatever it is that was promised in their whitepaper and not whether the WP is long or small.

Unfortunately, it won't stop the people from investing projects like these because its still promoted by individuals in social meida sites. Even if the project won't be successful they still end up collecting few coins from people.

They felt there is no need for long while paper today after all explaining about borrowing and collateralization had been done in the previous DEFI. When it comes to the word defi they already are award there is no need for KYC on it and trading on its platform is sort of a protection.

kingzpro

member

Activity: 756

Merit: 13

DIFX - Digital Finacial Exchange

I am liking unidapp at the moment because it looks like a practical and quality project. The only thing we have to wait and see is that how well these guys market the project and what amount of volume they are able to attract because exchange business and its success depends only on the volume and amount of daily transactions.

Falconer

legendary

Activity: 2660

Merit: 1141

Quote from: Elderman87 on September 15, 2020, 09:34:51 AM

That's correct. However, does the size of the whitepaper really matter?

I think the major point of any project should be in delivering and fufiling whatever it is that was promised in their whitepaper and not whether the WP is long or small.

You will have to do a whitepaper comparison with other Defi projects, then you will know the answers to your own questions.

All projects must realize the roadmap according to the whitepaper, but look, after analyzing the whitepaper on this project, is it worth investing in?

btcltcdigger

hero member

Activity: 2086

Merit: 761

To boldly go where no rabbit has gone before...

IMHO it does, because it shows that the tea has given details aome thought, and not just came up with an idea and said "fuck it, lets do it, we'll see how it works along the way"

Elderman87

jr. member

Activity: 84

Merit: 1

UniDapp

Quote from: btcltcdigger on September 15, 2020, 04:57:57 AM

No team, small wallpaper, doesn't look legit.
Unfortunately many scammers are jumping on the DeFi train nowadays, and offer projects which are a direct copy of the current successful projects.

DYOR but to me this looks shady as hell

That's correct. However, does the size of the whitepaper really matter?

I think the major point of any project should be in delivering and fufiling whatever it is that was promised in their whitepaper and not whether the WP is long or small.

plvbob0070

copper member

Activity: 658

Merit: 402

It is not surprising to see people getting suspicious about this project since they don’t present enough information to review. If someone gets interested in that project, then he/she should evaluate it and we should not pressure ourself to make quick decisions especially in doing investment. Establish a good fundamental point and look at possible risk and the outcome. Don’t get swayed easily and always do a background check. Then again, it will become another sh*tcoin in the market.

bttmember

member

Activity: 938

Merit: 13

AMEPAY

Unfortunately people are making use of defi trend to make life changing income, many want to replicate the owner of sushiswap and some just want to sell after giving initial hype and fomo take their useless token to 100x and then dump on the community. Be very watchful and only invest in fully transparent projects with good team.

Mulann2

member

Activity: 686

Merit: 35

Quote from: cryptoperkele on September 15, 2020, 05:12:50 AM

Not in a million years i would put a penny in this. And why are people supporting anon devs now? For bitcoin and monero i understand the need of anonymity, but when some crappy defi is asking money from people, i am starting to think that anyone funding these deserves to lose their money.

Lol! Am on your side too, i will never put money in such a poorly presented project just because it is defi, but unfortunately people still support this type project and will still end up losing money, all this before ico scammers have now cross over to defi project and continue with their scammy ways.

cryptoperkele

member

Activity: 889

Merit: 60

Not in a million years i would put a penny in this. And why are people supporting anon devs now? For bitcoin and monero i understand the need of anonymity, but when some crappy defi is asking money from people, i am starting to think that anyone funding these deserves to lose their money.

btcltcdigger

hero member

Activity: 2086

Merit: 761

To boldly go where no rabbit has gone before...

No team, small wallpaper, doesn't look legit.
Unfortunately many scammers are jumping on the DeFi train nowadays, and offer projects which are a direct copy of the current successful projects.

DYOR but to me this looks shady as hell

Cryptoaddict276

newbie

Activity: 4

Merit: 0

YFHV differentiates itself by offering to build better pools, better yield, innovative new pools and seeks to build the first blockchain agnostic Decentralized finance aggregator!

https://stakehavens.finance/presale.html

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https://t.me/StakeHavensOfficial
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Topic: The newest#DEFI project to look out (Read 129 times)