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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: 91254vvpatel on November 23, 2020, 12:01:40 PM



Title: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on November 23, 2020, 12:01:40 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Lavander on November 23, 2020, 12:31:01 PM
I'm not really into DeFi projects but it seems that this could be an interesting topic to discuss here, there's a lot of fake projects running and there's a lot of scammed projects lately and I think if we shared good information what should we look before investing to a new DeFi project it might lessen the number of investors that's being victim by fake DefFi's.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Greatchu on November 25, 2020, 12:33:27 PM
In DeFi projects world it's always about the team as majority of all DeFi projects offers same farming and lending rewards, I like DeFi projects that are more than just the rewards that are been given to their adopters, for example Chainlink is a decentralized Oracle Network which aimed to connect data from the real world to all available smart contracts, that's a neat use case ain't it? Before going for any DeFi projects make sure they very useful use cases.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Helpme_please on November 25, 2020, 12:47:17 PM
its very complicated to recognized issue in defi projects, mosf of them were fake project and have no quality as defi project and we often trapped here.most new defi project have no original idea, they just imitate concept from previous project and rebuild, only pump and dump scenario for new project. 


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: IkonaDro4ku on November 25, 2020, 12:47:59 PM
Don't focus on projects like this. Yes, they are very popular now but this will not always be so. And if you are going to make money on these projects, then you definitely shouldn't ask other people what you should buy because you are responsible for your money.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Smitty Werben Man Jensen on November 25, 2020, 12:49:40 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.

the first analysis is the liquidity in the Defi project, if it has high liquidity then I highly recommend,
like on the project Moon, the Moon is a Defi project and if you look at Uniswap the liquidation has reached $ 45k,
of course this is a very promising Defi project.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: awakpane on November 25, 2020, 01:09:24 PM
In my opinion, before investing in the Defi project, it is very important to do your research and understand that Defi products often involve high-risk assets in a platform full of uncertainty. But Defi has an exciting future when digital assets, blockchain, and conventional finance can connect with each other in an open and accessible environment.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: plvbob0070 on November 25, 2020, 01:37:21 PM
In investing in Defi projects, it is significant to have major considerations with the risk involved in choosing a project. Especially these days, where some of it are associated with various investment schemes. It needs a thorough analysis of its potential to survive the erratic market, key objectives, and its team. Besides that, some Defi tokens aren’t even valuable to hold, as some fail to maintain their value.
With this long-list of DeFi scams, be sure to think carefully with every decision you make.

[1] LIST DeFi-Scams - Big All-In-One-Thread - LAST UPDATE: 17/11/2020 (https://bitcointalk.org/index.php?topic=5276012.0)


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: zaim7413 on November 25, 2020, 02:05:54 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
Every project that creates a program in crypto will certainly provide prizes for all participants who promote them, that's a natural thing I think, so the problem to consider here is whether they are real or fake? That is all.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: masterrex on November 25, 2020, 02:06:28 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.

I think the team should be transparent it is one of the important aspects, and they should be known to investors because if they are anonymous it was very hard to trust them. and because the identity of the developer is unknown they are just easily run with the funds (exit scam) without any problem, second is the uniqueness of the project third part is the liquidity because I believe if there's enough liquidity it is more attractive to investors.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Davian144 on November 25, 2020, 03:39:07 PM
its very complicated to recognized issue in defi projects, mosf of them were fake project and have no quality as defi project and we often trapped here.most new defi project have no original idea, they just imitate concept from previous project and rebuild, only pump and dump scenario for new project. 
Yes, obviously it is very complicated to identify a real DeFi project with a fake, because the scammers are smart enough in making projects so that everyone should use a more careful analysis in this case so they don't get caught in the traps made by scammers through the project DeFi.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: poodle63 on November 25, 2020, 03:52:31 PM
Avoid defi project that's literally a clone of each other and the team that seems fishy or unprofessional. You see many hacking happened to defi project because the developer team are kinda lacking in term  code auditing and fixing the exploit. I'd advise to invest a defi project that already well known and reliable. There's no need to gamble your money into some less popular defi projects because big chance you gonna encounter the bad apple.
Though, it's actually depends on what you gonna do and decide really.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Winscosinally on November 25, 2020, 04:30:37 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
You are still a newbie, why are you interested in such projects? DeFi projects are mostly copied and some are just riding the hype, you need to be a clever guy to find which DeFi projects are the best, the few DeFi projects I invested on are YFI , ChainLink and DIA, do your own research, I suggest you invest in popular altcoins ranking from 2nd to 20th on coinmarketcap, goodluck


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: CLS63 on November 25, 2020, 05:45:27 PM
I check DeFi projects on the coinmarketcap website. I think it is important that the contract addresses of projects should be added to the website too. If a project doesn't have that, then there is a possibility that it could be scam.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: tarable on November 25, 2020, 05:47:11 PM
Have u heard of Tecra Space? To change the world, Tecra brings fundraising for high-tech projects to the next level. They have just shared the update on new game by Spacewalkers - one looks truly unique and worthwhile, curious to discuss with u https://tecra.space/news/spacewalkers-development-update-1
I see you post the same thing on a different topic, what's wrong with you? why don't you make a special topic for this and discuss it further so as not to pollute other people's topics.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: didzi on November 25, 2020, 06:43:43 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.

check the features and the team members behind of the defi project
because a project will growing or die, its depends with their team members buddy


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: WalkerIVIV on November 25, 2020, 11:46:50 PM
I check DeFi projects on the coinmarketcap website. I think it is important that the contract addresses of projects should be added to the website too. If a project doesn't have that, then there is a possibility that it could be scam.
Even if that was fully verified didn't mean the contract will be free from the backdoor created by the developers.
The contract must be fully audited especially with the experts. There are possibilities for defi project to use the destroy function to its contract. That will also allow the forced tx to happen and the contract will do a self destruction. Code is the most important part.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Princeofpoetry on November 25, 2020, 11:52:14 PM
Choosing a good DeFi project is very difficult because some projects only think about profit but no progress after project promotion ends. Maybe choosing a DeFi project that is already listed on a major exchange can be a consideration


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: jostorres on December 05, 2020, 04:35:21 PM
DeFi is still a new thing so you have to be very careful with the DeFi projects you are choosing, avoid most of the new ones unless you’re very 100% sure from your research that the project is legit and that it will grow with time, if not, just stay clear from them and go for the DeFi projects that are already doing great.

There are few that I will recommend for anyone that wants to invest, starting with Augur, it’s one of the ones at the very beginning and it’s been doing really great and is even available on top exchanges. Another one is ChainLink, I believe you know this one already, then we have UniSwap was really going crazy earlier, though they happened to have crashed, but since they are legit they will still grow.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: The Cryptovator on December 05, 2020, 04:50:23 PM
It's quite complicated to say where to invest either its DeFi or IEO. Honestly, we can't say safe any investment into the crypto. We know all that what happened about ICO. I believe the same thing will happen with DeFi. It's because many scammers already enter the DeFi ecosystem to scam us. I wouldn't agree to invest DeFi out of exchange if really you need to invest. If you buy a DeFi token via an exchange, then you can say alt least they would skip instantly with your funds. Of course, you have to choose a well-reputed exchange for that. Pump dump is your own risk since there are whales for that. Otherwise, better to avoid buying the initial token for DeFi.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: takngantuk on December 06, 2020, 08:13:10 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.

too many current Defi projects so it may be very difficult to figure out which one is the best. but according to my experience, I always look at the trading volume. it doesn't matter if the project isn't that great, or the project team is anonymous. as long as their token has a trading volume, I will definitely invest there. but i never hold a token very long. every token that gets profit, I will definitely sell it. So it doesn't matter to me that the project is bad, has few exchanges, or a scam as long as I can get some profit I will invest there.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: SaRmY on December 06, 2020, 08:34:59 AM
What can I say is clearly not to go the Uniswap way. See how many new (best) projects are trying to follow Uniswap. They copy the same idea 10 times. 100 exchanges. Now there will be hundreds of deX exchanges.

 Money can be invested in anything except the next exchange)))


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on December 06, 2020, 12:08:34 PM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
You are still a newbie, why are you interested in such projects? DeFi projects are mostly copied and some are just riding the hype, you need to be a clever guy to find which DeFi projects are the best, the few DeFi projects I invested on are YFI , ChainLink and DIA, do your own research, I suggest you invest in popular altcoins ranking from 2nd to 20th on coinmarketcap, goodluck
i like your thought and suggestion, i will go with you, whenever I think about invest.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: rahmatullah9305 on December 06, 2020, 12:12:56 PM
i like your thought and suggestion, i will go with you, whenever I think about invest.
It's great when you find references that can make you more confident in investing, but you still have to think about risks and never be negligent when it comes to investing, because many people lose through investing just because of their negligence in working.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on December 07, 2020, 06:20:17 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.

too many current Defi projects so it may be very difficult to figure out which one is the best. but according to my experience, I always look at the trading volume. it doesn't matter if the project isn't that great, or the project team is anonymous. as long as their token has a trading volume, I will definitely invest there. but i never hold a token very long. every token that gets profit, I will definitely sell it. So it doesn't matter to me that the project is bad, has few exchanges, or a scam as long as I can get some profit I will invest there.

Trading volume - yes i like it, how you guide me. I liked your suggestion. The way you have explained, you have given a very high suggestion. Invest in a project that has a good trading volume. It's quite simple.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on December 12, 2020, 09:33:40 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.

the first analysis is the liquidity in the Defi project, if it has high liquidity then I highly recommend,
like on the project Moon, the Moon is a Defi project and if you look at Uniswap the liquidation has reached $ 45k,
of course this is a very promising Defi project.

I'll focus on your thoughts, but focusing on liquidity alone, I don't think is appropriate. There is another issue we should look at. Otherwise there is a possibility of loss.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: kpierce77 on December 12, 2020, 10:12:16 AM
Defi still has many weaknesses in the crypto market. For example, Dex, which easily lists a project or token that does not know its credibility (due to decentralization). indeed decentralization is a great technology, but to make an investment, you have to do a little extra research


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: lumierre on December 15, 2020, 09:00:45 PM
It's quite complicated to say where to invest either its DeFi or IEO. Honestly, we can't say safe any investment into the crypto. We know all that what happened about ICO. I believe the same thing will happen with DeFi. It's because many scammers already enter the DeFi ecosystem to scam us. I wouldn't agree to invest DeFi out of exchange if really you need to invest. If you buy a DeFi token via an exchange, then you can say alt least they would skip instantly with your funds. Of course, you have to choose a well-reputed exchange for that. Pump dump is your own risk since there are whales for that. Otherwise, better to avoid buying the initial token for DeFi.

Security is a big problem in the new crypto sector. DeFi protocols are under constant attacks by scammers, and we can't rule out developer errors.
DeFi does not have centralized management structures and unnecessary intermediaries. But without an intermediary controlling money transfers, users have to rely on software, which is also not entirely safe.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Zalfa_mui on December 15, 2020, 09:37:11 PM
now there are so many defi projects popping up, but most of them are scams.  I am not at all interested in defi projects because many of them just deceive us, yes there are also defi projects that are good but there are many that fail .. if you choose a defi project as careful as it is correct don't just enter.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Hamphser on December 15, 2020, 09:59:35 PM
Look for the best one and legit.!

Sounds easy but the most challenging part to look since you cant tell which project would succeed or not.This is why we do keep on selecting
and might end up on a bad or shitty project even though DeFi is the new hype now but doesnt mean that it would really be guarantee profitability.
Investment should always accompanied with proper planning and analysis towards your selection.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: MCobian on December 15, 2020, 10:03:19 PM
Lots of people are interested in investing in DeFi projects, because this year there are trending DeFi projects. And indeed some DeFi
has proven to provide huge profits, for example, Chainlink managed to pump it up to an all time high price. But the problem is that not
all DeFi circulating today are profitable. Because many scammers are taking advantage of the DeFi trend to commit fraud, Therefore be
careful in choosing DeFi projects for investment. I recommend that you stay away from new DeFi projects, it is better to choose DeFi
projects with clear track records, such as LINK and COMP.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on December 17, 2020, 03:44:38 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
I do not suggest to invest in new defi projects and their coins especially if they are based on a single page empty website and they are offering high APY for liquidity at uniswap or other platforms i think we should now avoid such projects unless they have real backing and strong foundations with real people and partnerships behind because most of these projects rug pull after luring people to invest.
You do not want to be frustrated if you cannot get the right pitch so invest in a good capo, this is your thought. But you don't think you should fit in with the success of the current defi. A lot of people have given me an opinion like yours. But if we are to adopt it, the main thing is what to consider in the situation, and what issues to consider.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Cryptoangel01 on December 17, 2020, 06:26:29 AM
Look at the team, make a research if there is a track record somewhere, confirm all claims, ensure team ain't anonymous, don't go with your feelings or sentiments, go with your head in and quite clear, question all things.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Shallow on December 17, 2020, 07:42:47 AM
If you look closely on Defi projects you will realise that those that really made an impact are still working till date while there are others as well which are struggling, some are even getting hacked, therefore overlook more of what the DeFi project is offering, hype etc and focus on the team and their readiness towards the project, this matters a lot.
Furthermore, if you look at most DeFi today, a lot of them have similar ideas and features which is making a good number of them to be losing value, because the users are not seeing anything different between the one they are into and an upcoming one, hence will consider going for a fresh one in a bid to make profit. Therefore, focus on Defi projects with different approaches and features, because it shows the team want to do something different, something that will differentiate them from others. That is to say, focus on use case and overlook hype.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: RabbiTANK on December 17, 2020, 08:09:19 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
There is no magical ways to know which DeFi projects is good or will turn scam, all you got left is your skills in doing research, if you aren't good with research I suggest you should work on that first, DeFi projects are almost complete scams nowadays because of the hype of decentralized Finance, so be expecting any con arts from any DeFi project, make sure that everything about the project is clean through and through


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Anonylz on December 17, 2020, 08:30:37 AM
I don't think what works for A will work for B, Defi is a very complicated space to invest in the sense that many insecurities are happening in the defi space and there is no known solution just yet (referring to the frequent hacks happening in defi lately) plus as usual the ecosystem is now saturated with fake defi projects, it is hard to make specification, but to me,
among some of the things to look out for is mostly the team, be sure that it is not a faceless project because this is a common practice with most defi project, pretty much the starting point.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Eco_111 on December 17, 2020, 08:30:50 AM
Here is my strict answer, there is 99% chance that the DeFi project you are about to invest money on is a scam, if you plan to hold for long term it's better to invest in old DeFi projects, all I can see now are cloned DeFi projects looking for big money to steal from investors, take DeFi projects as operation no mercy, do intensive analysis on them first


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: CashbackLover on December 17, 2020, 11:53:08 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
Invest only what you can afford to lose, that's the best advice I can give you because there is no way anyone can predict what to come of any crypto projects, DeFi projects are on a new different high risk level compare to other projects because all eye are on DeFi this days and judging from past results DeFi is very hack friendly


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: bitkanu on December 17, 2020, 12:04:20 PM
Look at the team, make a research if there is a track record somewhere, confirm all claims, ensure team ain't anonymous, don't go with your feelings or sentiments, go with your head in and quite clear, question all things.
The majority of defi projects have been running by the anonymous team and how can you do a research to the team? the only possible thing to take a look at the smartcontract code that being published by the developers.
It's better to avoid to deal with the anonymous developers. The newcomers should not try to invest in the defi project. The scammers can use various ways to steal our money.
defi is not the same as ico when it was pegged with centralized exchange site.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: Slow death on December 17, 2020, 01:47:24 PM
this is a problem created by the community itself. if in the past people were more demanding in the investments made by the creators of DEFI they would be obliged to show their faces, but people because of the privacy and decentralization wave they forgot that there are some things that are important for the project creator to show their faces and show some useful project to the community and what we're watching today is pump and dump. It is normal for a project to have a private sale for a very low price and then to make a public sale for a very high price, this is clearly a great discrimination and when it comes to the market the price drops a lot and the people who are at a loss are the people of public sale and everyone else who bought on the exchange


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on December 19, 2020, 08:09:55 AM
Here is my strict answer, there is 99% chance that the DeFi project you are about to invest money on is a scam, if you plan to hold for long term it's better to invest in old DeFi projects, all I can see now are cloned DeFi projects looking for big money to steal from investors, take DeFi projects as operation no mercy, do intensive analysis on them first
I really liked the way you explained. I will definitely follow you. And I will keep this in mind. I will focus more on the old than the new project. Because people have more faith in it.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: amishmanish on December 19, 2020, 10:03:36 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
I haven't benefited from any of the ICOs or DeFi projects ever yet. Mostly I try to look for an actual product and a lot of times I put money in hoping what sounds good and sincere will turn out to be sincere. But inevitably, only pumps and dumps work in this market. I am not giving up on crypto though and i still believe there are good projects and developers out there who are drowned out by the scams and bullshit.

Before investing:

1. Make sure you get in early.

2. Learn to read the contracts and checking blockchain data to link dev accounts and their transactions to have some account of their legitimacy. Someone with zero history is generally a red flag.

3. Stay away from projects that issue multiple tokens. (Some could be good but this is pretty much a recipe for over-stretching community.)

4. Look for a balance view of community and try to ask questions in the AMA. A live answering session is the best way to gauge a team.

5. Realize that it will always be risky so always recover your principal first, no matter how great the projects looks or sounds.


Title: Re: What issues should be considered before investing in a new DeFi project token?
Post by: 91254vvpatel on December 24, 2020, 04:28:52 AM
Currently there are many DeFi projects in Crypto INDUSTRIES. And they give their tokens in various reward programs. But which project to invest in is proving to be very, very difficult. So which issues should be considered for that.
I haven't benefited from any of the ICOs or DeFi projects ever yet. Mostly I try to look for an actual product and a lot of times I put money in hoping what sounds good and sincere will turn out to be sincere. But inevitably, only pumps and dumps work in this market. I am not giving up on crypto though and i still believe there are good projects and developers out there who are drowned out by the scams and bullshit.

Before investing:

1. Make sure you get in early.

2. Learn to read the contracts and checking blockchain data to link dev accounts and their transactions to have some account of their legitimacy. Someone with zero history is generally a red flag.

3. Stay away from projects that issue multiple tokens. (Some could be good but this is pretty much a recipe for over-stretching community.)

4. Look for a balance view of community and try to ask questions in the AMA. A live answering session is the best way to gauge a team.

5. Realize that it will always be risky so always recover your principal first, no matter how great the projects looks or sounds.

Wow, the way you explained it to me, and answered my question, I'm really grateful to you. The issues you have to consider. That's really excellent. I will always keep this point in mind and keep it written in my book. thank you.