Non DeFi projects starts going DeFi

[lobo13hf]

It's easier to figure out which project was never a DeFi project and plan to shift into DeFi, just pretend you don't see them and invest in real better DeFi projects, developers and team are sometimes greedy too, I'm not surprised this is happening

When such project has a very bad track history and any product that will be released by this project just a gimmick and no more. I think that most of people aware about this. Some people were also still tracking them all to make sure they will not scamming people again.

[1714643504]

1714643504

[Inkdull]

Buying DeFi projects right now is like gambling because all you can see is huge pumps and that is enough to get you blind and invest on wrong projects, if I were you I will take my time to do some research on DeFi projects and make sure they actually have good utility that will keep the project alive for years to come

[Kotone]

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

We cant stop them from doing this but we can see how desperate they are from launching a defi project out of a very different concept. Defi ecosystem really change the current active market and its proven cause a lot of investors and traders are only concern if the new project is a defi or not. I pick my signature cause its a defi also but this one is unique cause they are using their own blockchain protocol.

[imstillthebest]

Yes even CZ Binance also said in one of his tweets that Binance smart Chain will unlock the DeFi level for BNB. I think everybody is trying to take this situation in their favor. This hype has gone too crazy and as I can remember vitali said that investors are ignoring the risk of smart contracts by investing in the DeFi project. That is the reason now every project is trying to be DeFi and grab as many funds as they can.

oh so not only bad projects turned defi but binance and other top names are going as well .

 whats wrong with that ? but thanks to vitali for his warnings , never expect that he will say words like that because i only see him as if he only care for his project and not for others .  when all projects are now defi , itll still be hard for us to choose and this will be like ico and ieo on the past but only with a new label .

[Questat]

Why ignore them if they have a potential? There are good projects that has struggle to market their project, but since there's a hype on DeFi, maybe it's their chance to finally introduce it the investors, who knows this is just the timing they are waiting and their project could be an asset to the market.

In the same way, we have seen many projects that used blockchain. And it was clear that the blockchain was not needed for the implementation of such an ICO. It's just that the ICO used blockchain for the sake of HYIP, just as many projects are now called DeFi, but they are not.

True, teams behind the project will always be updated, they will find ways to market their product so they used what is currently popular.
Blockchain is given to be used as we are in crypto, any project that would go into ICO without a blockchain will not succeed here, and personally I have not seen any project in ICO that does not use blockchain, it's an ecosystem, we are building on it for the entire market to grow.

[landoffaucets]

A good example of this behavior is the Nucleus Vision company that was silent for 2 years and now they come with a fantastic DeFi solution. Or QuarkChain that doesn´t satisfy with sharding technology, now they try with DeFi solution. 

[NoG-NoG]

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 agreed to your sentiments, we cannot really hinder them to implement DeFi in their projects especially that it is the trending and many project are hyping this kind of feature on its own. Most of the project nowadays are just going with the flow in order to survive in the marketplace.

[Henrytrust]

I don't think there's any law that forbids a project from effecting Defi features on her tokens to attract investors, but it does not seem right to me, it feels like the project want to take advantage of the HYIPs coming to Defi, though it's not always the case as the project may have a more logical reason to effect the Defi features.

[zasad@]

https://www.businesswire.com/news/home/20200813005299/en/TRON-Waves-Partner-Inter-chain-DeFi-Gravity
Here's another large partnership of well-known projects.
In a few years, there will be a huge network between all blockchains through cross-chain applications, and not one regulator in the world will be able to influence anything.
Development in this direction is clothed at a tremendous pace.

[lienfaye]

Its all because of hype, so old projects wants to join the hype and go with the flow. In this way they can attract crypto users to invest on them for implementing defi, its an advantage for them to be notice. We are aware why they're doing this kind of strategy so we should be careful on investing to defi projects because its not different to ICOs that became popular before wherein only few are worthy to invest in.

[Saisher]

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

Why not if they want to integrate this is to fast track adoption of their project why not, developers are very quick to grab any opportunity that comes along that can enhance the profitability and awareness of their project if adding DeFi can help and they are good in adding DeFi features why not let us be aware but also check their intention.

[tracyhayley]

When something become hype and trend, the others will follow-up the trend. It usually happen to crypto sale. I remembered when IEO goes hype, every project turned into IEO to sale their tokens. Also it can be chance for some scammers to do take investors money. So be careful about the hype and choose the project wisely.

[Mpamaegbu]

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

But of course, every reasonable person who doesn't have any fraud intention will definitely be up against this. However, the nag will likely be one's inability to recognize projects that tend to smuggle the DeFi catch to its features. It will be good if those who know these deceitful projects name or list them here so the community and those not in the know will take note. Every Bitcoin has always known (a) hype(s). It's not a new thing for old watchers like myself. But we will have to nip this act in the bud to sanitize the process. Kudos, OP.

[Zeke_23]

When something become hype and trend, the others will follow-up the trend. It usually happen to crypto sale. I remembered when IEO goes hype, every project turned into IEO to sale their tokens. Also it can be chance for some scammers to do take investors money. So be careful about the hype and choose the project wisely.

Well, that is only natural because most of the time, if there is a trend, there is money. People often follow the trend to have the chance of making a profit. It is just the same as before when ICO is really the trend and even the IEO where everyone is really into it. That's why scammers do take advantage of it and never hesitate to take actions.

[hd49728]

Like YAM, like HEX. In 2017 and 2018 (before the market turned down), there are many projects did their swap, from old shit algorithm to another new algorithm, to revive their projects and take some money at FOMO peaks. Lightning network, forks, and now if you notice you can see there are projects try to swap their coins/ tokens and switch to so-called DeFi projects.

(DEFI) YAM! YAM! YAM! a scam?
Andreas Antonopoulos: HEX offered me 10 BTC to show that it is not a scam

[slashz9]

anything will be used to raise the price of the coin or to compete in a rising market for a defi project irrespective
of the way it is applied to the project.Judging from the project history before deciding to turn into defi you can
predict whether the project will compete or at least survive using the hype.

[bluebit25]

I agree with the fact that we need to be very careful with projects trying to take advantage of Defi hype to dump on us and scam us our money but we also need to be aware that there are many good projects that are also trying to move in the direction of Defi, I don't blame them, they are following trend.

I think it's best not to expect profit from Defi, too risky for us to invest in at the moment. I have seen YAM crashing 99% in just a few hours and it caused a lot of investors to lose money, it is better to invest only in the top projects in this market, it is much safer

[wmaurik]

I agree with the fact that we need to be very careful with projects trying to take advantage of Defi hype to dump on us and scam us our money but we also need to be aware that there are many good projects that are also trying to move in the direction of Defi, I don't blame them, they are following trend.

I think it's best not to expect profit from Defi, too risky for us to invest in at the moment. I have seen YAM crashing 99% in just a few hours and it caused a lot of investors to lose money, it is better to invest only in the top projects in this market, it is much safer

Actually buying a DeFi token is a good choice, it's just that you have to remember that currently DeFi project is included in Medium Risk, considering that there are many fake DeFi that have sprung up and old projects that have joined DeFi, but I'm still sure if we don't choose the wrong project from DeFi it's more worth it than by buying a token or coin top project, but if you want to find investments that is Low Risk, top project is the best choice.

[Google+]

I agree with the fact that we need to be very careful with projects trying to take advantage of Defi hype to dump on us and scam us our money but we also need to be aware that there are many good projects that are also trying to move in the direction of Defi, I don't blame them, they are following trend.

I think it's best not to expect profit from Defi, too risky for us to invest in at the moment. I have seen YAM crashing 99% in just a few hours and it caused a lot of investors to lose money, it is better to invest only in the top projects in this market, it is much safer

Actually buying a DeFi token is a good choice, it's just that you have to remember that currently DeFi project is included in Medium Risk, considering that there are many fake DeFi that have sprung up and old projects that have joined DeFi, but I'm still sure if we don't choose the wrong project from DeFi it's more worth it than by buying a token or coin top project, but if you want to find investments that is Low Risk, top project is the best choice.

This DeFi project can be said to have very good popularity and I believe it can make a profit so you only need to take advantage of this situation to grow your assets in cryptocurrency because usually there will be a lot of coin prices going up and of course control your emotions, don't be too influenced by taking enough profits only.

[JungleOnion]

The DeFi bubble will burst. Is just matter of time and those that pump the fastest will dump the fastest as well. Right now  there is still no usage for DeFi is all speculation prior to real usage so be careful investing in projects. If not look at what happened with Yam.