I think that the truth is that they are having interest in gathering funds more than establishing their project. A platform like XCard could collect enough funds to stay operative, these funds can be gained only from the platform's fees but the only thing that i'm sure of is that they want to get CASH not clients not real investors and daily users and that's totally enough for me to have an opinion about the whole company. They will make excuses about Covid 19 and they will try to convince peoples that they are reliable and worth the trust but for me, i won't keep following them till they launch their service which i'm having a doubt in doing so.
It seems, because it is not easy to manage project especially if the funds obtained are very lacking, I hope this project will immediately provide an explanation of their progress or maybe they should immediately distribute reward for bounty campaign even though there is no value but it looks better like this so that it doesn't become an accusation. |
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But this situation is better than it continues like a few months ago, it is quite risky to do day trading today. I'm not too sad because this situation is good for me because I prefer to hold
That's right, because in the past few months I have seen many old projects that have increased price of token unexpectedly and also this situation is like an altseason, only this is a small version this happens I think it is also related to current situation of crypto market which can be said is quite good, and also using this moment for day trading or short trade is perfect. |
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Pump and dump scheme, currently many are implementing this especially in DeFi project, I saw several victims on Twitter, many of whom were carried away by the DeFi hype, but stuck with fake DeFi implementing this scheme and because of this I have not dared to buy new coins or tokens DeFi project.
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One of the reasons is because of community. because community is the most vital thing, because without it I think a coin will not be able to develop and also sometimes actions of the developer also have an effect because usually there are several teams that cheating by selling their tokens secretly, since 2017 several projects have done this. and the result is their project dies and my reasons are these two things in dumping some coin.
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A lot of people are predicting that the DeFi space will be the catalyst of the next bull run, projects like Maker and Compound have been hugely successful recently and many DeFi projects have performed brilliantly in the bear market.
Name the projects you're excited about in the DeFi space and why you think they will be big..
I'll start with an ICO I've recently invested in called Bidao. BiDao is a new blockchain system that creates a trustless stablecoin and a new decentralized financial tool that allows leveraged trading in a trustless setup. In the beginning, BiDao will be completely integrated with the Binance Blockchain and BNB will be used as the collateral. In the future other Blockchains will also be integrated into the BiDao ecosystem.
They are founded by Bastian Aigner who is young guy with a solid tech background and strong education. He reminds me a bit of Vitalik, some people are so smart it's like they are operating on a different level to everyone else and he is like that.
You should be extra careful, as you said DeFi is hyping the public, thats enough to trigger scammers to using this to their advantage in reeling in their investors. Whered you get information of this new project? I have started to see Defi scam projects in this market, they are taking advantage of this hype to steal investors' money. So be careful with your investment decisions, do your research carefully before you want to invest in it. yes true, in a few weeks I saw more than one DeFI exit scam, but here on average DeFi scam has a little pattern,first is a token with a low supply,second is a team problem that is not loaded by Scam DeFi, the rest they are an exit scam when the token is hitting the top so if you find a token like this as much as possible don't try to bet on buying it, and hope to sell it when the price is very high. |
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I also believe TWT tokens will soon be listed on Binance, and the price will definitely be pump. Therefore I am quite surprised
that many chose sell TWT at low prices right now, they will definitely regret it. Right now I prefer TWT tokens to hold. Just look
at the next few months the performance of TWT tokens will improve dramatically, because this project has a huge community
and backed by a strong team.
Most of them have regretted it especially for recipients of airdrop prizes at the start of the launching of referral program, I see many airdropers sell it on OTC group even though when viewed now the price comparison when they sell to OTC group is very far, but there are some airdropers who hold because of speculation this years will definitely be listing on binance, I myself bought TWT at the beginning of listing on hoo and it looks like I won't release TWT until listing on binance because fomo at the time of listing will definitely be good. |
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It looks like this project is indeed related to "xyzFi", because there are some similarities especially about supply. the difference is maybe only in domains that now use ".finance", that makes me most suspicious is that Twitter uVWFi often uses hashtag xyzFi and also both of these projects have an anonymous team.
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Like seriously presently the best coins one can invest on right now are altcoins aside from Bitcoin itself, what about DeFi projects? They are a part of why bullish return to crypto space this year don't you think? And it's why I buy OiKos token and DIA token hours ago
Oikos? in my opinion this project is currently not worth, especially the volume reduction which is quite noticeable since the IEO hype on the Hoo Exchange is dim, for DIA it is a good choice because Bounding Curve makes the price of the DIA token guaranteed, unfortunately Bounding Curve is slightly beyond my expectation because I thought the token was sold out only within a few hours but it didn't. |
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some good points and I totally agree, but for bounties using platfrom this seems to be a bit cautious, because I see this year project who use platforms to publish their bounties are not so reliable, it's better to follow bounties on bitcointalk because I think it's more safe and also if the project is indicated a scam project there are usually several of senior members who are quick to make accusations on suspicious project.
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I personally would choose an established project over a new project for investment purpose. A new project has a higher tendency of failure, as most newly established cryptocurrency tend to fail due to the inherent nature of the market. On the other hand, established projects can give more returns and pose a lesser risk, since it has survived the early stages which is prone to failure.
Actually, it is true to choose a more established project "a bit" safer. but in my opinion for a lower risk is actually not too, because cryptocurrency is very vulnerable to Volatile and also when a project that is deemed established has dumps sometimes it takes quite a long time to return and sometimes many investors are impatient and prefer to cut losses. |
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depending on level of trust legendary member's, as long as he/she doesn't get negative feedback and the project he made the announcement looks good of course I believe them, by now the legendary member that I trust the most is Hhampuz because the project he/she made the announcement is good project and yes everything seems like a successful project for example Orion Protocol.
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I don't agree with your opinions. The project success totally depend on the project importance, value and through which exchange it goes live. I have seen many projects which price increased even after bounty payments Like HERO, Bosscoin, Kick token, OGN, etc. If the project has a wide scope in future and the team is promising and they have invested in big exchanges then the project never die.
Hero, Kicktoken indeed after paying bounty token tokens ther token UP, but after Altseason ended. Hero, Kicktoken project finally experienced a severe decline price of token, For Bosscoin, as far as i know the prizes from bounty can be sold after waiting for almost one year and at that time the price of the token was still pretty decent and yes it almost looks like case Bounty Hero and Kicktoken, For OGN I don't know what project this is, you mean OGN (Origin Protocol) or other projects? |
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There really isn't basically saying scam. For ibidtowin itself, I think the project is a little suspicious and yes it comes from Vietnam, most of bounty projects originating from there now are not many good ones, for example Bcnex case that ended as scam project, self moderated is actually suitable for use because sometimes there are many spammer bots that make submissions it is not clear and if used self moderate this will be good for bounty managers because they can delete their submissions.
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Waiting for a long time for TRX to start making some moves but lately, I am losing my hope with TRX because even with so many good news TRX is not showing much results. It's just my thought don't if other guys here will agree with me or not.
Is it because TRX cannot be trusted for future investment? I also don't know for sure why many people don't believe in TRX, but I'm sure TRX will be better than before. Just waiting. why many people don't believe in TRX maybe because justin sun made too many crypto projects , and don't focus on Tron. this is one of the reasons why trust in TRX decreases, and also during pandemics like this many hyip projects that use TRX as their cryptocurrency can indirectly bring down Tron if one of the projects successfully takes a lot of money from there and disappears(exit scam). |
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https://www.coingecko.com/en/coins/oikos, btw, can you fix some links on coingecko ?, for bitcointalk it seems coingecko wrong to input ann thread link and discord invited link provided is also broken, I know This is not very important but it would be better if all links function correctly.
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I don't know why there are still some people who try their luck on altcoin like CoronaCoin, isn't it obvious that such a coin is a little dangerous because the use of altcoin like that doesn't seem to exist. and is more likej okes altcoin , and I think it's better to invest in alt which has more useful uses.
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< $500 This happens because I rarely follow bounty campaign and also a lot of altcoin signature projects that have a fate that is unclear some are not listing to exchange, some fail so technically this is like a promotion that does not produce. and now I follow a campaign whose rewards will be distributed within a period of time more than a year, this is crazy and also I don't know why to do it but it seems like it's worth trying.
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To avoid bad treatments from new projects team you should stick with reputable bounty managers like julerz12 or bubbalex, only projects that are managed by team always ends up been dubious
julerz12 does not currently hold a bounty campaign, bubbalex holds, but he always uses participant limits so it seems that opportunity to join does not exist, actually joining bounties other than those that are managed is also good for example BountyDetective, Murat and also other bounty managers. only thing to see is the project they manage whether it will be good going forward, and also whether they will pay the rewards as promised |
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ICO is not completely dead but it is very difficult to identify whether ICO is real or fake, to avoid that, everyone prefers to join IEO in the top exchange
for now it is very difficult but you might be able to find out that ICO is serious or not from development of ICO project, examples from Ava Labs (Avalanche) ICO is becoming serious because it was developed in the past few years, IEO itself is currently very less valuable and from what I keep track of only a few launchpad that always seems to offer promising projects such as binance, houbi, kucoin, bitfinex the rest is nothing else in my opinion. |
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ChainX has fake volume, I often see IEO projects there but nothing has been successful, Exchange like ChainX is the same as P2PB2B and Latoken has fake volume. so it will be better avoid such kind of exchange
100% indeed scam exchange, I found this in telegram https://t.me/ChainXFraud, where ChainX team blackmailed the client and changed listing price agreement and also I saw trustcore in Coingecko & Coinmarketcap was very bad and only had one pair who had good trust so it's good never to use this shit exchange. |
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