This days with DAO and Finance

[Inkdull]

Hope you guys are having a good day? I want to drop this probably hilarious point of mine, lately I've been seeing too much dao and finance projects names, I can't help but ask my self what the heck is going on, are there no more names for new projects in crypto space?

It's always something Dao and something Finance

Swinedao, badgerdao, insectdao, Primedao, Mantradao, hatchdao, breeddao

Swan finance, harvest finance, thugs finance, cream finance, darn finance

Are these names the new skool nowadays? 😂😂😂😂😂

If I am a newbie to crypto things I could be fooled but I'm not, this makes me scared honestly, thinking about how easy I can just make up my dao or finance name, just ram anything with dao or finance at the back, freshdao and pervert finance LMAO

[Apostlekin$$$]

Lol, what do you expect? It's DeFi season, Dao or Finance must start or ends the names lol, scammers at work here this makes their work more easier, it's the new skool names indeed but mind you its still better than having five projects sharing the same name, few projects are sharing the name Alchemy

[JHORN]

If you are talking about hilarious name look no further than Tadpole Finance, the first time I see this name I don't know what hit me, I couldn't stop laughing 🤣, there are others like swag finance and squirrel finance, the problem is all these tokens have no volume

[jademaxsuy]

Well what do you expect from those trying hard projects and mostly some of them are being made to scam the unvestors believing that having a name like that will take it as a bait. We know hoe successful the YFI coin which has been prmoting about finances and made a good market price increase of the coin that even surpasses the bitcoin market price recorded at 32K$ before but I do not knoe the current price now.

[KaratX]

Those dao and finance projects are just trying to be YFI clone, many of them are from con artists, investors must do research on the team because nowadays it's not about projects name and logos anymore, no matter how sexy a project name is  shitcoin will end up proving that it's shitcoin anyway

[Greatdev]

There are over 20 different projects sharing names with YFI project and they are all crap projects, it's clear to see that all these new projects are here for money only, I pity newbies who think that these DeFi projects will be like YFI and Uniswap, newbies are so in for fast money and they don't care about doing good research on new projects anymore

[FireBallex]

In 2018 I was so into crypto names, I once believed that crypto names have a major role to play with their performance until I learned the hard way, I can boldly say that any newbies can fall for this, newbies have zero crypto experience and they lack the zeal of learning, that's why we see many DeFi projects still raising funds successful today, God have mercy of those investing money on DeFi projects

[Ryushin]

It's stupidness to invest in crypto projects because of their names, many dead coins and tokens have good name and that failed to keep them alive, it's all about product, utilities, use case and even more, the team plays a major role in the life of a new project, do your own research

[slaman29]

It used to always be "tokens" or "coins" in the 2016/17 rally so you know this is all just for the "defi" or decentralized finance hype.

I guess you can see already defi is highly meme based too, used to be all kinds of food like sushi and farming and potato and yams, now it's all animals as you point out. Your instincts are not wrong. Stay away:)

[Chuky92]

It is still DeFi season and each of those projects are trying their best to get associated in whatever way they can before the hype fades completely, so those names are added just to shows that they are line with what's happening, that is, in line with the current trend. Well, funny enough among all those projects only few would actually know what they are doing, the rest are just there because of what they will gain, which also calls for concern and extreme carefulness, because the number is on the rise. Also, some already existing projects are even adding one Defi feature or the other just to be part of the trend, in all, one needs to study most of these projects thoroughly before putting his funds, good name or funny name, the team should be studied.

[jrrsparkles]

Hope you guys are having a good day? I want to drop this probably hilarious point of mine, lately I've been seeing too much dao and finance projects names, I can't help but ask my self what the heck is going on, are there no more names for new projects in crypto space?

It's always something Dao and something Finance

Swinedao, badgerdao, insectdao, Primedao, Mantradao, hatchdao, breeddao

Swan finance, harvest finance, thugs finance, cream finance, darn finance

Are these names the new skool nowadays? 😂😂😂😂😂

If I am a newbie to crypto things I could be fooled but I'm not, this makes me scared honestly, thinking about how easy I can just make up my dao or finance name, just ram anything with dao or finance at the back, freshdao and pervert finance LMAO

Most of their teams will launch their project when they see spike in the crypto currency prices so that is actually happening right now. There is nothing wrong with such names because we are not going to invest on the projects just based on their names unless we are fools. Haha

[cabron]

Do you mean you can easily scam too?

The easy part is naming  but having the project to work for the investors is the hardest. The ones that are successful are still going to be have to maintain on top otherwise they will start to lose investors. Uniswap for instance does have tons of competitors now, once they can't cope up and the price of UNI will leave investors frustrated, many will dump it for the cheaper Sushi.