Non DeFi projects starts going DeFi

[Claudio99]

There are many DeFi projects that aren't into the hype presently, probably because of lack of continues development or team are just slow or not capable, investors need to do good research on any DeFi project before spending money on the project.

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[Pasutinmeur]

There are many DeFi projects that aren't into the hype presently, probably because of lack of continues development or team are just slow or not capable, investors need to do good research on any DeFi project before spending money on the project.

Those who are not joining into the defi still running their development based on their own roadmap. there was a bunch of existing platform that was not going for the defi hype.
They are all focusing to develop their own product rather than wasting their time to create a new defi platform to follow the hype.
DYOR is a must for everyone

[$anounimus$]

Seeing the current Defi hype, it is a market share that is highly targeted by developers. This is very reasonable because it has potential value and rapid development for a project, of course it cannot be separated from the desire of many parties who wish to participate through the program. I can say that this is a form of development pattern in terms of trade expansion by offering superior products based on DeFi.

[Indiana1990]

yeap i'm also aware projects where defi is just like blockchain inside offline business model)) sure that defi will be successful only if   there's a normal decentralized financial model inside. because of this i mostly look on dex projects

[chanler]

sometimes something that hype really has a big effect on others. Currently, deFi is booming and there are indeed a lot of coins planning to go to deFi. Whether they fit in or just forcing myself I am still confused. Will this continue if there is new hype? Just always thinking that we must continue to be careful if we want to participate in a project like this

[Clement Kaliyar]

DeFi is a repetition of the past bubble ICO... Not surprisingly, many projects are trying to create something called DeFi!
After all, a good profit depends on it! In fact, people now invest in DeFi projects almost without hesitation! Where it can lead us all perfectly remember until 2018...

The market trend is continuing like it was during the ICO hype and when i first heard about DeFi projects i never cared about it until i saw people earning huge amounts without doing much just by supporting the project and i though about trying my luck without risking too much. I am well aware that there are projects changing their name to DeFi and you need to look after those scams as well.

[Drahzar]

yeap i'm also aware projects where defi is just like blockchain inside offline business model)) sure that defi will be successful only if   there's a normal decentralized financial model inside. because of this i mostly look on dex projects

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company.

[Shasha80]

No wonder the DeFi hype that occurred in 2020 has made some old projects become DeFi wannabe. If you know that there are projects
like that, just avoid it. Because old projects that plan to change their functions or goals clearly do not have strong principles, projects that
do not have strong principles are very vulnerable to becoming scams. So if you want to choose projects for investment, choose those that
have clear goals and they stick with their goals.

[Pamadar]

No wonder the DeFi hype that occurred in 2020 has made some old projects become DeFi wannabe. If you know that there are projects
like that, just avoid it. Because old projects that plan to change their functions or goals clearly do not have strong principles, projects that
do not have strong principles are very vulnerable to becoming scams. So if you want to choose projects for investment, choose those that
have clear goals and they stick with their goals.

Good point! if the project was been built with solid foundation it won't change anything.

They will stand to what they've believe they can contribute to this industry, the very chance that things will turned into scam afterwards
is really high, more or less it can also serve as  an exit way for the dev. They can pull everything to trigger new investors then runaway with the money that they'll be bagging after.

[Shallow]

That is very typical of most humans, that is, they tend to migrate were it will favour them most without minding the other party; this is exactly what those project team are doing. When most platforms launched their own blockchain and created enough hype, most projects which were dying or rather struggling used that as an opportunity to migrate to those blockchains, pumped a few times and returned to status quo. Therefore, seeing such from most projects which all of a sudden are then going DeFi is not surprising because the team evidently want to be part of the hype.
Before a project was created, the team knows what they want and it was stated on the whitepaper and roadmap, thus having a change of mind halfway means they are after something else.

[jademaxxiss012]

No wonder the DeFi hype that occurred in 2020 has made some old projects become DeFi wannabe. If you know that there are projects
like that, just avoid it. Because old projects that plan to change their functions or goals clearly do not have strong principles, projects that
do not have strong principles are very vulnerable to becoming scams. So if you want to choose projects for investment, choose those that
have clear goals and they stick with their goals.

Good point! if the project was been built with solid foundation it won't change anything.

They will stand to what they've believe they can contribute to this industry, the very chance that things will turned into scam afterwards
is really high, more or less it can also serve as  an exit way for the dev. They can pull everything to trigger new investors then runaway with the money that they'll be bagging after.

This is the problem with those people starting a project. They just like collecting money from the crowd and then run away afterwards. This is really a problem with them and it eventually killed the projects of others that are doing what is right and keep believing in the project. Investors do not like to invest anymore with their doings that has inflicted negative impact in the cryptocurrency.

[Indiana1990]

yeap i'm also aware projects where defi is just like blockchain inside offline business model)) sure that defi will be successful only if   there's a normal decentralized financial model inside. because of this i mostly look on dex projects

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company.

cool maybe you'll give me some link/additional information about it?

[Drahzar]

yeap i'm also aware projects where defi is just like blockchain inside offline business model)) sure that defi will be successful only if   there's a normal decentralized financial model inside. because of this i mostly look on dex projects

oh so u might be interesting in new stablecoin dex - xsigma, just announced and looks credible - they are backed by a public company.

cool maybe you'll give me some link/additional information about it?

https://xsigma-lab.medium.com/meet-the-brains-behind-xsigma-defi-d2e89928f3f7 I read here, but you can google them))

[bitterguy28]

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

How can they resist the chance of being in Prime time?Defi is moving quickly those days so having with the name is really irresistible .

But the thing is are those who Jumps are legit project or another scamming one that rides only the popularity of defi to victimized more?

But i guess the answer is given since this happens months ago and now their target has been revealed already, many Project are proven scams and the effect is already in the air.

[huiji2011]

This is so funny and hilarious, such developers are  genius, which is scam genius. We need to keep a cool head every time when hype is coming, including this DeFi hype, remembering the altcoins hype of 2017, don't rush to buy, think twice.

[Gayong88]

Very objective. The Defi-based financial market is getting stronger, this has become its own financial attraction for developers by utilizing the ongoing DeFi Hypes along with great interest from users with the ability to access financial facilities without intermediaries.

This is the weak point and what we have to respond to is how to minimize the risk of mistakes that we think are right and good in fact ending up in a scam.

[OasisDre]

Kudos to all those new projects that stands on their products that's 100% non DeFi, it can be really tough to create awareness this days since all investors care about is insane profits from DeFi projects, it a shame that majority of new projects are going DeFi this days, if that doesn't tell you anything I don't think you will ever be smart, sorry to say but it's bitter truth that 90% of new projects are after DeFi success

[Wahyuihib]

This is a new trend in cryptocurrencies, due to the defi system being used. and each project changing its technology to a defi system is aimed at attracting investors to invest in the project being built. investors should really understand the characteristics of a fraudulent project with a real one, so as not to regret it later.

[hulla]

This is what is called Hype, especially when Hype is a system,
DeFi is part of the cryptocurrency system, different to ICOs or IEOs, the DeFi hype has more impact on cryptocurrencies,

DeFi adds more impact on the cryptocurrency market but if the hype continues and the DEX not requesting for security fund from the DeFi team to prevent exit scam DeFi may cause more harm to the market.

and the result is that many projects that do not use this system and make start DeFi in it.

I can't blame the old project that started to offer DeFi elements since that is the hype a lot of crypto investors buy now.

[erikoy]

That's true, there are some projects that start going Defi just because of the hype. Those kinds of projects are taking advantage to gather more investors to start investing into their project. DeFi is really popular right now that if investors heard that a certain project is a DeFi project, they will invest right away.

Just like ICO as what OP had stated that most likely it gets into scam. We do not have any choice but to allow them the scammers to do their job because these crowdsourcing  projects are not regulated and not registered. Sad to say that it get like this but still there are good projects we have at the current. It just that it is difficult to find good projects or legit.