Non DeFi projects starts going DeFi

[target]

How is YAM a scam? The token is now rising up it's feet once again, if this project is scam it should be zero by now, a problem occurs within the project's max supply and that's understandable, anyways we will see what will happen around this project in few more months

How much increase? Its price when listed was over $ 150, and now it's just $ 0.04. Obviously this was a scam project and all the investors left this project, the price dropped 99.91% and I believe it will never grow again.

I don't think you have too much hope with the DeFi project because if the price collapses then it will only make you regret it like what happened to YFI, seeing the price on an exchange some time ago went crazy and made many people stuck there because they were deceived and influenced so they bought coins when the price is high and after that the price collapses and becomes cheap as it is at this time.

The Yam has version2 which by now they have abandoned that YAMv1. Its starting to pickup its momentum. I don't know its authenticity but it may not really make some more pump again. I have no idea about the project actually but there are just more Defi out there to invest that has no issues as all. Its bes tto just stick there or an old project that has proven to be a good investment.

[1714630893]

1714630893

[1714630893]

1714630893

[1714630893]

1714630893

[r32godzilla]

I would say that most of these attempts are a common scam to lure money out of investors before its too late and DeFi becomes unpopular, similar to ICO, IEO, etc. Be careful and do not fall into the idea that investing into cryptocurrencies is so much profitable without any risk.

[lizarder]

I would say that most of these attempts are a common scam to lure money out of investors before its too late and DeFi becomes unpopular, similar to ICO, IEO, etc. Be careful and do not fall into the idea that investing into cryptocurrencies is so much profitable without any risk.

I don't know but it looks like DeFi has become like an ICO every day there are many new DeFi with a model that is almost same, the difference maybe only in seriousness of the developer project or not serious, and also DeFi now has become unfocused because there are too many DeFi projects at the moment.

[ijeb]

If so, even if the they do it for the hype and money, I think the team should "live" somehow. DeFi is getting more power and most of the non DeFi projects will get there at some point. Also decentralized apps and ideas market is not so big and not everyone can implement such things. Time is the answer!

[bttmember]

Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous

This is alarming trend and recently the CEO of binance has also tweeted the same thing that now a lot of so called defi projects are popping up everyday so we should not blindly follow and invest in them because of fomo and quick profits because not all of them will survive only a few top quality projects will be able to survive and sustain.

[ecnalubma]

Its business, some projects need to adopt and tranform in order to survive in the competition. Since Defi is the new attraction nowadays some old and unnoticed projects are shifting. Project roadmaps are not fixed, if plan A fails there’s always a plan B or plan C.

[adzino]

Yeah, you are correct. I am not surprised they are starting to go DeFi. They are just trying to use the DeFi hype to their own advantage. Even almost dead projects are resurrecting themselves by announcing that they are implementing DeFi.
Too bad, people will still for those scams. No matter how much you warn them, greed will always win. Even after knowing that eventually the hype will die and then the project, they are still willing to take the risks. You know, who wouldn't want to become a millionaire over night  ?

[Wingo]

Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous

You can't call them suspicious or a scam for shifting to DeFi, it is the hype, and these projects needs to gain customers, companies and entities who will use their service.

Now that DeFi is leading the scene, they need to adapt to provide the needed services for the growing interest in the crypto scene.

Remember that technology in the first place needs to evolve. This is the same for projects that are shifting to DeFi not just to pump their tokens but to gain customers who will use their product.

It seems that you do not have any idea on how this works. It's a business that need to continuously grow.

[smyslov]

after hearing a lot of news that the Hype defi was getting hotter, especially the old project that revived their project using Defi. to be honest I am also against this, because it is unfair and will only make the crypto concept worse. I've seen Defi SCAM projects like YAM, and maybe we'll hear about it in a few days about another Defi Project scam.

In the heydays of ICO people are so relaxed that they invested in every projects that comes along without doing enough research on their part only to find out later they've lost their investment, people should not relax, just because so many DeFi projects are coming up with good potential, scammers are also  devising ways to imitate these DeFi and scam people.

[chip1994]

Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous

of course, we need to boycott such deceptive ingredients. Those who intend to change the direction of the project from the start are definitely not a good CEO and he just wants to steal the investors' money. Therefore, any trend that emerges has risks, even a lot of scammers. We need to be alert and analyzed carefully before entering into investing. Money is never easy to make and be smart when it comes to using your money.

[CryptoYar]

Be suspicious of any projects that just decide to implement DeFi all of a sudden when DeFi wasn't implemented in the project's features from the beginning, this is nothing but a way to take advantage of DeFi Hypes going on nowadays, if you are a deep crypto fan like myself you should be seeing few old projects that aren't DeFi from birth and start talking about implementing DeFi feature, I'm 100% against this act as it's unclean and dangerous

I agree with you, and even so that it is unclean and dangerous. Of course, these projects are taking advantage of this Hype, and want to make a profit, even though it is a fact that these projects are destroying themselves.

However, Altcoins makes the team rich, while the buyer is mostly in the loss.
Now it is to see how far this hype goes, and how much loss investors will have to bear.

[ampu]

Exactly rubbish projects are abusing the term DEFI and they include it in their project name to add value to the project and have many participants buying it during the ICO program. It is a way to follow the market's trends and deceive people to buy them. Just like the way businesses in 2016-2017 changed their business names with the tail BLOCKCHAIN ​​and immediately the valuation value of their business increased.

[codpku]

Thats okey to me
Every company has they own strategy to survive in this crypto era
Ofcourse the company that from the begining their main focus what DEFI was good their focus with the strategy the market and all the ads stuff to make the project success
For non defi project than take the hype to defi project maybe that hype can make their project getting know to everybody and maybe their project have connection to defi or maybe support defi

[jacafbiz]

I don't think we should be surprise about this, most of these projects lack vision and not well deifined, they just go to where people are going. You will see what would happen to most of them soon when the DEFI hype dies down, just do not fall int their traps because they just want to give you their bags

[Estehmanis]

Indeed many projects using defi to draw a lot of people , and many a layman who went looking for profit with project relating to defi without seeing details of the project , as his this is going to be the crazy defi

[sayulita]

Indeed many projects using defi to draw a lot of people , and many a layman who went looking for profit with project relating to defi without seeing details of the project , as his this is going to be the crazy defi

Yes, everyone is trying to get their hands on the DeFi hype and make some money in the process, many developers of those dead coins are reviving their coins and hoping they can again make some money by making their coin DeFi compatible as a lot of projects had huge success with the same plan in the recent months. This is all because of people who are buying their coins and are making a way for others to do the same because when a single idea makes money for a scammer then he tells his friends and they also try to do the same and in this case the same is happening.

[FairUser]

I'm just worried new projects are taking advantage of Defi to scam this market. Lots of bullshit projects came out and they said their project was Defi to attract investors. If they are not careful then they will be stuck with these scam projects

[seamusdorakos]

I'm just worried new projects are taking advantage of Defi to scam this market. Lots of bullshit projects came out and they said their project was Defi to attract investors. If they are not careful then they will be stuck with these scam projects

Scam projects will always be there no matter what.
Overtime people will understand that crypto is not that different from stock market, there is no free money in here (only for scammers)

[Fredomago]

I'm just worried new projects are taking advantage of Defi to scam this market. Lots of bullshit projects came out and they said their project was Defi to attract investors. If they are not careful then they will be stuck with these scam projects

Learned from the past mistakes, before investing make sure that you are done with knowing the entire project, not because it hiding with DeFi means that the whole progress will be the same. There are many scammers around who are good in imitating / duplicating the ideas of real developers who really intend to provide quality projects, Never to participate without investigating the team, make sure that incorporating their work to DeFi system is for real and doable it will save you time and money knowing that there's a good future with your investment.

[Rowenta]

It's a sign that the projects aren't good, they aren't build as DeFi from the beginning of launch and now because DeFi is making big waves in crypto space they decide to share part of it? This is a big sign to stay away from such project