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Hello , as my hobby , again um doing my  research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese canadian project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..

Reasons are :

• Partners
• Team members were directly contacted by me
• Active Telegram group
• One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i

[And i read the white paper ,but I coudn't find a wrong with that , tell me if you found any issue]

, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..

Mistake --> This is not a Chinese project , This is a canadian Project

That 3500$ they earn it from other defi project  as for my understanding from what you say. If you want to only invest in defi because you know someone earning a lot from it , then you are starting your investment wrong.

If you will only base on white paper you will never find any issue since its just a plan from what they are building and they are sharing that information to any potential investors. The question is if they are able to build it.

As for the project name we already have a lot of medical or health Care project before when ICO still popular and i don't find any one been successful after the ICO is over. so i assume that this can also happen in this one.

I am surprised that you claim that the project is Chinese, but there is not a single person from this country in the team.

Then a strange form of airdrop, where you need to buy their tokens (albeit for a small amount).

And in general, medical ICO is not very popular, perhaps with the exception of interest from Asian countries. This area still has a long way to go, as well as projects related to real estate.

And by the way, the top exchanges for some reason do not really want to list medical tokens.

So think carefully before investing.

I do not know that you have done proper research about this project because it's  IEO is not running on any good exchange at all. I think Exmarkets has listed a lot of scam projects in the past. If you want to invest knowing this then go ahead. However, if I find anything suspicious about this project, I will inform you

I haven't gone through the project website or whitepaper. You are saying it's Chinese project. I see there may be some phishi in the name itself. MedicalVEDA. "Veda" is a word for Sanskrit language of India. Meaning eternal knowledge.
Why would Chinese project will keep it's project name from other countries language word?
I might be wrong but that is how my first impression is.

First thing first, do not invest in a project just because another person is doing so even though he is your friend, learn how to do yours and be sure of the project. This is because, he could be doing so because of hype or because of what he heard as well. Also, invest what you can afford to lose.
Now about this project, I am just hearing about it, first check their team and their level of experience in the healthcare industry. Since they have partners, how strong or renowned are they? You also need to know that. An active community is also important but most importantly is the exchange launching the IEO and their track record of successful IEOs; as for me IEO on top exchanges always to a big extent shows how reliable a project can be.

I do not see the same hype for new defi projects like it was 4 to 8 weeks ago now so i do not suggest to invest in any new defi project at the moment.
Unless you see a real high quality project from highly experienced and reputed team i would suggest to stay away from them.

nah, just get the hell out of there. i have a reason for it.
1 . so far, i've followed ICO/IEO/ITO/TGE or whatever people call it and mostly , Healthcare Industry by blockchain idea have a low chance for success , I want to set an example but i am too lazy to find it back on my history post, since that on 2017-2018.
2 . i've read some of their solution and this one is seems can't be accepted for me, "Veda Defi Lending ensures liquidity and easy conversion to fiat currencies" , as we know healthcare industry is a expensive business, why on earth they want join to something doesn't stable at value , we know exactly DeFi tokens is very fluctuactive, the simple words, when this token has fall , no one using this service anymore.
3 . and if that project is really came from chinese , it must be easy to get IEO on chinese market, at least kucoin, exmarket is the worst exchange for me, with many many shitcoin there. the trust score given by coingecko is 4.
4 . it seems hard to realized.

but well, it depend on you.

That's the issue, OP didn't have enough evidence to buttress his facts by calling the project a good and Chinese project. If actually the former teacher had made his investment with the project and was able to make such huge amount of profits; then what I see is pump. Wait a seconds: hope OP isn't trying to promote this shitproject to forum members? Because I smell something fishing with this project.

Uhmm.. let me share mine.
First time following pre-sale (although not private sale) is in Alpha Finance through Binance launchpad. Before i decide to participate in binance launchpad for that project, yes, i did some DYOR mf mine, Which are :
1. Team behind the project. (Must gave clear information)
2. Whitepaper (are whitepaper written well, no plagiarism nor anything)
3. Roadmap.
4. Funds allocation (during softcap, hardcap)
5. Project Uniqueness (What makes this project different from other projects)
6. Risk Management (Always invest with money you can afford to lose)

Those 6 steps usually applied even when i decide to invest in other project (old or new project).

And about "medicalveda". I tend to agree with this comment :
Afaik, 90% projects that mentioned about health or housing as their main purpose or 3D printing.. usually ended as useless project. Dont forget, Health is expensive business.

Your title is a bit misleading because you are asking about defi projects in a generalized manner but in the thread you have asked about opinion on an unknown defi project, perhaps you want to shill this project, anyways at the moment defi market is consolidating and that is a good thing and good projects will come up stronger in the end while it will be hard for weak projects to sustain and survive for long.

Author, please add a link to the project
https://medicalveda.com/

1 moment, the word "DEFI" in this project is more advertising than practical.
The main goal of the project is medicine.

I have seen similar projects but they have failed, for example   https://bitcointalk.org/index.php?topic=2577450

I will tell you that I would not invest here, it is very risky. Such a project requires tremendous efforts, funds and professionals. I would just wait for the start of trading on the exchange, perhaps you will buy tokens even cheaper than on IEO

Everyone who believes in a project is directly looking at making profit but if someone already made a substantial profit from it and then ask you to invest in it then you need to think twice. I am not following the DeFi world even though i am hearing many people claiming that they are making a huge profit, the free airdrops and these rallies looks attractive but i am not in a position to take any risk.

If you think that the project is attractive and can benefit you, it is your choice as it is hard to determine whether it will be profitable in the long run.

The implementation of defi projects will be only in the financial section. It can't be implemented in another section especially for the medic. The project was selling the crap idea and it just become another money grabber project.
It's just another scam project that will be rugpulling the money from uniswap when it gets listed there.
Be careful because it's not all of defi projects are applicable for that.

We invest to make money and we should have the reference for our investments, and its good that you have set your standards before you invest. Some of the DeFi projects are worth buying for, but never listen to every hype in the market and focus on your reasons why you will invest on that specific project. Just do your extra care because most of the DeFi now are scam and you won’t get money from that.

Oh well, hype + hype could be recipe for disaster, just saying. I mean the healthcare industry has been hype since 2017 and there are projects, specially who are prime movers have been successful. However, it doesn't mean that the next and next projects are going to be a success as well.

And then they pair it up with another hype which is Defi? It could backfire as investors will just put there money on it and make profits, while average joe like you and me believed that it can go 10x or 100x but before you get to that, the bubble will be burst.

this is the same as asking "can you trust a crypto " ill trust crypto more than a defi but it also depends on what crypto ,  thats the same as on what kind of defi your investing  . its good that you provided the name of that project so that people can inspect it too.  defi on the medical field is new to me so this project could have a chance to get discovered and you said you have done a research and found out nothing is wrong , why not ? and mind telling us or ask your friend if what is that defi he invested and he gained so much money  . why not invest on it too and not on other projects ?

you should at least learn from the so many cases in the past when people were getting fooled by the scam project. $3500 in the last 3 months are small compared with what has already got by some people in the icodrop which has been making more than 5k in a month just from the single legit IEO.

Healthcare industry will never become a suitable place for defi and the combination of both will never happen.

I think that so many people have known so well about this.

probably you have to check who is the person behind the projects, what are their goals, have they really have what it takes to continue and build the community around it? some are just making the projects then disappear, the roadmap and how the token will be distributed have lots of things to consider, especially if just pop up like daisy and will say 1000x returns surely you have to back off a little bit if you see this one.

The conclusion that initially you were interested in this project because you saw that your friend made a lot of profit? it could be said that you haven't done in-depth research. Nowadays, a lot of people take advantage of the DeFi hype to scammed people, especially people who are lazy to do research and people who are greedy. Do your own research. Personally I can't give an opinion because I'm not really interested in new projects because most of new DeFi projects right now are anonymous.

Every project have their own pros and cons, and we have to trust them because that is how investment works the only difference is that, the result of your investment will depend on how you analyze the project since not all are offering a good and legit one.

DeFi can be trusted, they already make a good impact in the market and the pump with DeFi project is incredibly amazing but very few of them was able to succeed on their project. Most of the time I look for a great team, their plans and how they can execute that plans and their future development, its not easy to spot a scam project on your first analysis but you can know this by doing a continuous research about the project.

I've seen many medical projects on this forum. Not a single one of them went further and was further developed. So my statistics say there is very little chance of success in such projects. There can of course be exceptions.

Fifty-Fifty, Most of the defi projects I have come across are scams. They are very much using defi for this. Some are also trusted and can generate a lot of profit, we have to be more careful and do our own research.

Also many real estate token are came here in the market and yet most of them died already and I can't see the projects that I worked before. Trust DeFi projects is you are going to invest with them because if them, you should not invest at the first place. If you doubt wait for them to enter into a good exchange and start trading with them. I don't usually participate on ICO/IEO, I wait for them to enter in the market, DeFi is good projects just choose the best one.

My first tip. Don't trust a friend.  ;D
They can tell you anything but if it goes down then you are dragged with it without even trying to do your own work.
Second tip. Trust yourself. Your instinct. If it still goes down then you won't blame anyone but yourself.
For me, that's a positive thing since you will learn from it.

Third. Don't put everything in one basket. Spare some money for another project or the old ones.
That way, you still have a fall back if one of them goes south.
About the project that you mention. Try to stay away from the healthcare industry. It doesn't work much or there is a low chance it will.

To be fair,,, this is exactly how most people get interested in projects, because they heard about it from a friend. So let us not knock how people get in, but ask them to use the spirit of crypto (which Defi users should be more serious about in fact!) which is,,, verify for yourself.

Or maybe, better to get burned too. Then maybe they know the pain of loss and never repeat it. But knowing Defi people,,,

i would say yes, some very particular few, it is up to you to do your own research and decide, but from my own point of view, i think there are some few defi project that worth to be trusted, just like the way ico had some good project that we all trust today, same way there are few genuine defi project that can be trusted.

for the first time I invested in a defi project on Riochain, why did I invest there? first because his partner Mantradao, before him Mantradao had successfully sold coins and the price went up to 7x. In the end, when the riochain market opened the price was above the IDO, I got about 50% profit from there. but currently the riochain price has fallen far short of the IDO price

depends. there are so many scams in market that try to cheat on people using defi word. But, it is a fact that the strong defi projects have been very profitable for the investors for last few months.

Yes i also think that we have to invest on Defi platform which are like as Chainlink ,Aevee .I think we need to research the recent project before invest cause there lots of scam project over here and there .Invest on defi is now got a hype as well still there are lots good project on going .So we need to invest wisely.

It doesn't matter whatever the project is, is it defi or not but if hardworking team and wonderful leadership is behind of any project it must be best to invest on it. But on the other hand sometimes it happens that project's team is not real, more chance in that , people get scammed. project with real team is always better to invest instead of that project in which team don't show their team

"Veda Defi Lending is almost instantaneous. The movement a lender accepts your lending request, a smart contract is created to lockup the collateral and issue funds.
By offering P2P lending, Veda Defi Lending ensures liquidity and easy conversion to fiat currencies.
Disintermediation within the Veda Platform eliminates third party costs and consequently help in lower interest rates."
https://medicalveda.com/
Why are you so worried about this "DEFI". The project offers us a mixture of Compound and Medical Services.
Turn on your fucking brains.
Now tell me what will be the most basic task of Defi or medicine?
That's right, first we need to create an excellent medical service, and then clients will come here and be treated on the security of cryptocurrency.
Why invent a new Maker or Compound when you can make good money on healthcare?

We think that DeFi is in an interesting time where we will start seeing the transition to more unique, valuable projects for Defi.

Even you trust a project, still you have to do your own reseach so that you won't be surprise or regret your decision in the long run. DeFi projects ia the new innovative projects now but we have to choose wisely upon which project we should join. A good project that we should join is that it should be having good product outcome with active staff members on it and has trusted manager because trusted team members could lead into project's success in the long run.

As of the moment Defi projects are making the market hyping and it maintains the stability of the market even we are experiencing pandemic period which for me is a good indication that we can trust DeFi projects like for example the UniSwap hype as we as the yearn.finance and many more DeFi projects.

Mate I've been in this crypto space for a long time now and i have the full confidence to tell you that health projects don't work in crypto space, they either end up in the dustbin or turn scam right in front of you and most especially why DeFi ? DeFi Hypes aren't over and many people are doing their best to make money out of DeFi, I hope you know what you are doing

OP you said you knew the team, is that through video or just telegram chat? Make sure the team are damn real and qualified too, just because your teacher made 3500$ from a DeFi project which automatically isn't the health DeFi project you talking about makes things looks more clearly, don't you think?

Investing, especially in big amounts is not that easy, there are a lot of factors you need to consider, First of all, to see if the project is legit or not, by checking their whitepaper to see if it has anything to say? if it's plagiarism or not?
and after that, you need to check the taxonomic of the project if you don't want to get dumped under seed investors!

for a new project, it will be more difficult to prepare an investment. the research has to be more in-depth if you don't want to get dumped as you say. therefore I prefer to invest in assets that are already on the market up and running. I missed the new DeFi project hype this year. but I do not regret it because the market is also experiencing good growth. and the investment I made was profitable.

Do not trust DeFi projects, there are too many scam DeFi projects online now, if you want to invest on a new DeFi project make sure it's not a small project, make sure it's big enough to become successful easily, thy will have big numbers of partnerships and they will attract big investors easier, DIA and Aave are good example of big project, check them out and compare

Beginners or newcomers should only risk their money in a coin that has been successful and has been existing a long time ago, like Bitcoin, LTC, ETH, XRP, BNB, and other top coins in the crypto market. So they would not experience a larger amount of losses instead of risking their money in a DeFi project that is not 100% sure that they make a profit from it. I think DeFi project can be trusted, but not all of them because I see many of them have fake airdrops and giveaways posted on different social media sites.

Indeed, not many good projects exist, it concerns not only DeFi. Whatever the market is, there are always a lot of scams on it, they are where there is profit. Now the DeFi is booming, so most of the scams are in this area and I would be very careful in choosing projects. There are already several dozens of Uniswap Forks, from which there is no real value, except the promise of 1000% profit. There is no easy money, sometimes there are successful investments, but it is almost impossible to earn a huge sum just like that.

The first is that you don't include a website or anything that could refer to the project. I can't comment on the project, because I searched on google with the keyword "medicalVEDA" I was confused to find the project you were referring to.

DeFi is Hight risk. do not try to follow others without your own research. The reasons you mention are representative, but look at their use cases again. Keep in mind, projects that look convincing sometimes fail too.

with uses of casuals that pupils work on customs with the uniforms, pupils to gains with masses of work from developer and might with the following terms to connects on gathering network as the decision on occupying use with product and service from developer.

Have you seen fiscus.fyi before? They combined DEFI and gambling dapps! And NFT's incoming! $uFFYI $FFYI

SO yeah need the DEFI tech to be used in other applications. Like Fiscus for example. Now you can gamble without an account and sign ups. You bet right out of your metamask, the community can fund the bankroll hence fully decentralised!

They may have lots of partners that may seem good to you, but what about their team, are you sure that they will be able to carry out what they have said?

Will they put in a lot of hard work and promotion to fulfil their promises and manage to keep the project at the top?

Projects try to partner with other well known partners just to gain trust, but the possibilities of them being successful lays on the shoulders of the team that carries. And this is not the first time I am seeing a healthcare project on crypto, I hope this one is going to be something different.

Mistake ---> its not a chinese project , its a canadian project ...

Mistake -->  according to my research and i have find that company of Meidcalveda INC is incorporated in Ontario,Canada

sorry for the mistake... :'(

Those listed reasons are not strong enough to make you put your resources in a project, you need to be very careful if you want to invest in any project, the fact that your teacherade some money does not guarantee that you will make money if you invest in a project suggested by your teacher. Try as much as possible to DYOR.

I don't really know about the project. but if you think it's good then just do it, it's just that my advice don't be easily tempted by high investment returns, try to reconsider before you put money in it, especially if you invest only based on a friend's reference. to minimize losses it is better to invest in BTC.

None will try to invest or put all of their money into the same basket and that's the stupid thing that can be done by someone who have been putting his money into the defi projects.
The defi project itself has a very very high risk as without the audit in the contract and people can't reveal the shady things that have already created by the defi team. It's not all but mostly defi were scam .
People must try to care with their capital rather than use it to invest or betting in the shittiest scam defi projects.

It doesn't matter, everyone's been wrong.
Before talking about projects, I want to suggest that investing because following other people is not a wise way. You have to do your own research and understand the risks and the right strategy, that's the best way for you to "get out" before you actually lose. Well, the DeFi project is pretty good if the product is relevant and truly tangible, but when it comes to health, it doesn't seem like a good fit. After all, there are so many health-themed projects in the crypto world that have ended in vain, if you insist on getting involved with this, you have to be prepared for big risks.

Seeing the current development of DeFi, many companies are using the name DeFi to convince investors. However DeFi tokens are experiencing a drastic decline. I think that will happen to all DeFi as well. If you want to invest, then consider it well.

The 2 nd point is quite considerable point , How did you talk with them?? is it a Video call?? or Audio call??
1 st point is important ,but you should check weather it is true or false

no due to the hype of Defi, now most of project are coming in this space to scam people. and its very risky, if you think.jts easy way to make money. i suggest you think. twice do more research before investing in new defi project where we don't have any information about team members and other information about the project.

If you are in doubt?then better not to continue specially in those Defi projects like this because there are many of them that is just riding the popularity of defi but in the end will scam people.
I'm not saying this is a scam project but better be careful.

buy investment IEO is actually one that is very risky because of the purchase of coins very project risk Defi is still good for the project Defi really has a good purpose for your investment because the investment in Defi should option observant and cautious of the project that you get losses are high enough Defi looking for a project that really legit it should be but it was quite difficult to project legit normal usually have a loan program and stake  just perfect for their investors.

The real question should be — Can you trust any project at all?

---

Almost every new project this day is including DeFi to its makeup, even when it clearly doesn't have anything to do with decentralized finance, just to deceive people. Well, the thing for me is that I won't invest in any ICO that is on a medical project to start with. I did that in the past and I know the setback I suffered on that. The DeFi angle to the project OP wrote about doesn't even sit well with me, notwithstanding. However, it doesn't mean the project won't succeed or all that. Though I will advise those putting in their money on it should only invest money they can afford to lose. The risk is there.

Defi good project. However, no project can be called good. When it comes to doing something like a project, many scam projects copy. Then a good project can no longer do well.

do your own research before investing , and only invest what you can afford to lose, not all active project ended with good in price, i know the key succes of project are strong community they have, but if their team are making shit at end of ieo, the project will dead.

Experience is the best teacher, thank you for reminding that. It cannot be generalized that all medical projects will end in vain, but it doesn't hurt to be more careful.
It is very sad, many projects take the name Defi just to attract people to come. People who are fomo, and just carried away by the flow of the market, will definitely be hooked.
And the point you gave is very precise, what we need to make sure is the correctness of the project, there is nothing wrong with DEFI, but the people who use it to manipulate it are what we need to pay attention to.

I really agree with what you said because in fact all cryptocurrency projects that are currently emerging have risks and unfortunately no one can guarantee that the project is safe, it all depends on us, because sometimes reading people's suggestions to enter and invest is still not definitely make a profit.

Blolckchain is still youn for all these project as medical care, real estate and host of others that required huge capital to expand worldwide. I have not seen anyone to be able to make positive impact since the ICO reign in 2017. You have to consider that one too.

All Defi projects are different and it it very important to check everything before investing. There are a lot of fake informations and it is necessary to research if information fake or true.
It is necessary to check everything and to do this it is necessary to have experience and study how to check everything right.
Many Defi projects use staking system to pay reward for holding money and increase the income of token holders. This is the article about staking https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

Before anything else, don't get me wrong because I also hate Defi. However, I think it's unfair if we conclude that Defi in general is a failure :D. Yeah! Many of this are fraud but still there are people who continue to earn from it. See? If they are all scam in the first place then investors won't have any chance to create their own profits at all. However, I warn all of the people who wants to ride this hype train. Brace Yourselves! because the win rate in this field is small. The ratio of good and bad had a huge gap. Like for example in ICOs, 100 are promoted, only 50 got listed on exchanges, and then only 5 became a worthy tradable asset. I hope you get my point.

Yes, basically all projects that have bright ideas and something different is good, but whenever something is good and it becomes a trend, scammers always take advantage of that condition to imitate so that they can also get money in crypto, things like this always have to be be wary of by anyone who is in crypto.

With the hype of DeFi project nowadays we cannot tell if they can be trusted anymore hence some people would take the advantage to make fake DeFi projects just to scam people and disappear in the end. I put my trust on first DeFi projects came out before the hype of it and anything after that i have no trust at all. So, any crypto investments related to that and no matter what the type of project it's best to put more research and listen to your judgement before anything else.

Canadians are quite truted and kind persons than asians , But in this case we have to be careful before investing for any defi project .. because there are soo many scam defi projects... be careful

Well, in my opinion, any investment requires a deep and complete analysis, those days are gone when it was possible to invest in any coin and get a profit. Now you need to be very careful when choosing a project. But if the project is really promising, then staking will be very profitable for the investor!

Yes, you're right, because in my opinion Defi is now only a scourge for investors because they will soon lose popularity, causing a dump and many defi projects have experienced dumps of more than 50%, To find it safe, you should stay on way before there is Defi.

Yes few DeFi projects can be trusted but majority are scam projects, we need to do good research on new DeFi projects before we invest and also invest the amount we can afford to lose, it's just that DeFi hype is going away too soon, bitcoin is at 13k plus now and I'm surprised that DeFi projects are cooling down as if they are just random altcoins like the others, I expect huge surge

I also do not risk investing in DeFi because I do not like high risks. Yes, the higher the risk, the higher the chance to earn a lot of profit, but also the higher chances to lose everything. I evaluate my investment and trading skills correctly, I prefer not to take risks, because I would rather lose than earn. In addition, many DeFi projects fall to zero.

As of now, DeFi projects are really making lots of people profitable. There's actually lots of projects that are rising and many investors are putting their money to earn such a big money. But still, there are scam DeFi projects that are being produced, so we should be careful.

Everyone seem to be coming up with their own version of DeFi projects, I just pity those who aren't very good with research, I suspect that mid 2021 will be like that of 2018 after altcoin season was over, judging from my own research too many DeFi projects are complete scam in disguise

Not all of these projects are good. Unfortunately, the majority of them will vanish. Only the early investors and the founders will be in plus. Therefore, you have to weigh all pros and cons of the project before you decide to spend even a cent for it. Think over all possible minuses of DeFi.

Yeah. I was fortunate to be around the crypto space in late 2017 all through 2018. So I pretty much experienced most of the cycle. There was a high influx of projects at the time and today only a few of them made the cut and still exist too.  The ability to weed out these projects to pick which ones would work and which will die off is a skill one has to learn.

Since the introduction of DeFi trend, I've only invested in quite a few which I've found interesting like Unilend, Stafi and most recently - DotBased, which is building on Polkadot's network with really good fundamentals.  So obviously, there are still good projects. You just have to carefully hand pick them.

Why should anybody have the believe on these bullshit projects that tends to loot our pockets, most of them i have invested are all scam because i had made some bad decisions that landed me down into the pit. There are some that where tag scam why others started well in terms of price and later get dump big time, i don't trust these projects any longer, they are all shitsss.

Defi Is gain lot of interest but it is an inmature field at this moment.

It is very important to make a deep research in the people who are behind the project.

I don't believe it, but I'm going to invest in a project that I think is good. It's just a matter of time when their token goes up I'll sell it and won't pay attention to the project anymore. I guess everyone here is too. even though they invested but no one believed what the project said. they were just looking for quick profits and left before the project scam.

DeFi projects is just another good opportunity for crypto investors to make some profits, something very identical to 2017 ICO days, I've seen people that triple their money by investing on nonsense DeFi projects with low max supply, these coins aren't good for long term, only 2% of DeFi projects will survive in near bear market, be wise

with different basics on customs of ideal preference pupils might defines of decision with uses of possession with the distinct of ideal science to refer of one on decision as might to gains of involvement with the startup project to returns with the difference on expectation.

actually you have to see it for yourself and get experience from the results of your own research, then you can put it into practice in the next project. don't be afraid to try because someone's analysis will not always be correct.

Defi projects are not safe investments. Defi Project is actually what we so called HYiP back in the day a High Yield invesment program where you can generates passive income in just a short period of time with high risk of being a scam. But if think you think that they are not as fishy as you think you can try it for yoursel.

Honestly haven't been invested to any DeFi projects until now I've seen so many scams DeFi project all around the forum I've also seen some legitimate projects that was listed on the exchange and after some time or after listing some user or the developers themselves dumps all of their token and run away.

When all this DeFi hype is finally over those who failed to take their project and exit will end up in huge loss, only very few DeFi projects are worth investing on right now, many of DeFi projects are just stealing people's money, it's a bad thing not to learn before becoming a crypto investor

I don't trust any DeFi projects are have anonymous team or just the farming use case which is what majority of new DeFi projects are showing off, same ole thing, I like DeFi projects that are more than just farming e.g

1. Ferrum Network
2. DIA
3. Compound
4. Chainlink

I have doubt investing in any defi project until now although a lot of appearing in this industry. There's so much hype that other people just go with the trend to earn a profit. I can say there are still legitimate project all you have to do is thorough research on which is good to invest that offer real product.

You have to change the way you research a project like the expert's ways (https://bitcointalk.org/index.php?board=83.0).
this is what I found:
please go to the "KEY PRODUCTS" section of WPP (page 11)

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It's like using a word spinner. I've only examined a fraction of the entire WPP content, but this could be the first clue to spot other gaps in this project.
actually I also suspect the team photos.

I trust the Defi project but only for now. As long as this term Defi buzzing in everybody's ear till then I think the project investment will give some profit. So, I look for the short term always after the 2018 crash in crypto that is still ongoing.

What kind of investment did your teacher take?
Are you sure he/she really had that, and was able to withdraw his investments together with the profit?
$3500, is large amount of money for 3 months, somehow unbelievable, tell us how much he/she invested.
Be careful, it might be a ponzi or a pyramid scheme.

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You know not all DeFi projects can be trusted, so you know what will be the answer to that question.
There are lots of traps that scammers will made using those "Defi Projects", ofcourse using the hype.
They are taking advantage of that hype, and will do such silly things to attract investors.
Lots of people I hear that this DeFi is just like ICO/IEO, it will eventually lose the hype.

I can hardly trust any new project to the extent of holding because on many cases they failed to live upto expectations, thus if I am going for a project, there is very tendency is will sell once I am in profit. Now about trusting Defi projects, with the hype still here with us but although it's down unlike before, I think trusting any Defi project now is not really a good idea, I will have to wait till the whole hype is over, then the projects starts displaying their true nature, then I can know the one to trust.
Also, thinking of a project to invest in, I agree with your reasons but I think the first thing that should come to mind is what the team are working on, that is the use case and if they can achieve it based on their experiences. Since you have read the whitepaper also, you can ask them questions during their AMA to understand more about them.

The comparison will be the amount of scammers in the market. The scammers will always look to take advantage of any development and then run away with the millions they collect and they rinse and repeat the situation every time and that is what we are seeing in the cryptocurrency market. Either we need to end this blind trust of trusting every project nor we need a solution so that we could trust with our investment. A lot of these developments if done in the right way is a game changer but unfortunately that is not what we are seeing.

You asked a general question in topic title but when I read OP you talk about a specific project.
Replying to title, no, I don't trust any of these defi projects. I believe defi showed us new kind of digital investment technique but it's not completed. Maybe in the future there will be a new project that follows these steps and bring us something new. Currently we see only failed or scam projects.

I could easily say this "defi healthcare project" is a scam. Just like %99 of others in the business already.

As of now, I only trust one DeFi project and that is ChainLink.

The rest?? I don't want to say that they aren't trusted at all but what I can say is that all of them are doubtful for now because anytime some of these DeFi projects may just run away with the money they got.
Now regarding to your reasons why you are asking our opinions I will answer it one by one:
1. Partners isn't a concrete reason that a project will become successful. I still remember one project and they put Roger Ver in the team but ended up a fail. Partners and popular persons are just being inserted there just to get some money at least.
2. Direct contact coming from them is a red flag for me already. I don't want to entertain DM's coming from strangers at all.
3. Active telegram doesn't mean that they will be a successful project. I've seen numerous telegram groups with a huge community (some are at around 100K members too) and ended up being a scam coin or a dead coin.
4. Nothing to say with this. If you really want to invest then just use a small amount on it. After all it is your own money so invest at your own risk.

I can't trust any defi project until they prove them selves to be worthy of my trust, I recently lost almost 2 eth I invested in a defi project and its so heartbreaking cus I foolishly trusted the team.

What I will advice is do your research very well, don't even trust the opinion of other people cus at the end, you are the only one responsible for your investment decisions , those who adviced you to invest will not pay back your money if you loose it, so be very conscious when you make investment decisions.

Yes cos some DeFi projects are too damn good, and that's why many scammers are creating and building their own fake version of coins and tokens, all we need to do is research, follow the promising projects that have what it takes and throw away the lesser ones

Well, if you found your reason to investing on the project and can't find something wrong about the project at all after you researching about the project, then why are you still in doubt ?
Usually, doubt comes with something wrong we found and we need to take a look carefully through the project once again.
As long as you can afford to invest and lose, you should invest when you can.

DEFI projects in other terms serve to be a bridging between the traditional finance and blockchain. Trust on DEFI is high, and the investment over it keeps growing with time. Wherever there is money flow there'll be scammers, DEFI too isn't an exception. With cryptocurrency ICO, IEO, DEFI everything is associated with money directly and indirectly. It is our responsibility to analyse to the core and make use of it.

Someone pointed out that it's kind of fishy that they are using the word Veda which is an Indian word that means eternal knowledge, because if they are a from any country other than that, they would have used something different.

Well, as for me, that's not something serious, using words that belongs to other countries and languages is not something new. There some businesses I know that are using Greek words, or french, but they are not located in any of these two countries. Anyone can decide to do anything just to appear unique or something like that. For me it would be the team that the focus should be on, whether they are verified and active. Check their social account and the rest.