Chukwunonso
Jr. Member
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Activity: 154
Merit: 1
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August 14, 2020, 05:07:52 PM |
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It's obviously very suspicious to see a project including Defi features on her tokens, it could be a sign of their inconsistency which is peculiar to projects without solid foundation. In fact, I've noticed there has been an increase in Defi projects holding IEO's across the space lately. I hope we would have this Defi projects trending for a while, so that investors in this new projects can also benefit from the hype.
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@baoli
Jr. Member
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Activity: 1162
Merit: 1
Base.protocol
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August 14, 2020, 05:18:34 PM |
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It is surprising how so many projects started switching to Defi despite starting off differently. Just going with the tremd. However some had have this features just that it wasnt prominent.
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Base Protocol (https://baseprotocol.org): One Token to Hold Them ALL | [url=https://baseprotocol.
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asder250
Full Member
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Activity: 708
Merit: 103
Empowering crypto w/ sustainable energy
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August 14, 2020, 05:21:52 PM |
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This hype around DeFi will turn out disastrous.
In 2017 we witnessed the altcoin bubble. In 2018 we saw a bubble around ICOs and IEOs. The now year 2020 belongs to DeFi bubble. Do you know how bubbles end? By a disaster, a lot of people will lose funds because they are too much greedy and do not manage their funds properly.
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kaseygriffin
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August 14, 2020, 05:24:40 PM |
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It is surprising how so many projects started switching to Defi despite starting off differently. Just going with the tremd. However some had have this features just that it wasnt prominent.
They are just leveraging Defi to make the project more attractive and investors will invest in their projects. So learn carefully before you want to invest in this market, never follow the trend because it will cause you to lose and fail in this market. |
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xOdiumNostrumx
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August 15, 2020, 08:22:04 AM |
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Not surprising at all to be honest, they saw this as a chance to revive their "going nowhere" projects and give them a new shiny spray paint. I wasn't really paying that much attention to it, but I remember Fantom jumping on this hype train as well, even if they mentioned its DeFi use case before the DeFi balloon emerged. But with them, I think that they could actually make something worthwhile as Andre is still connected to the project in some fashion.
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mace15
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August 15, 2020, 08:32:44 AM |
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This hype around DeFi will turn out disastrous.
In 2017 we witnessed the altcoin bubble. In 2018 we saw a bubble around ICOs and IEOs. The now year 2020 belongs to DeFi bubble. Do you know how bubbles end? By a disaster, a lot of people will lose funds because they are too much greedy and do not manage their funds properly.
Actually some people on social media page like twitter this defi projects lurking that people got their interests to join. That's true a lot of people will lose funds to this defi projects and did not take time to do some research first before they join. Also, this is an awareness of those who are greedy and not wise to invest properly. |
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Skinny48
Member
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Activity: 448
Merit: 18
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August 15, 2020, 08:56:41 AM |
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It's no deny that DeFi projects are now profitable than other coins presently and that's enough reason for scammers to start using DeFi to scam investors, you need to be careful around new DeFi projects mostly
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triangles
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August 15, 2020, 09:24:15 AM |
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This is indeed strange considering that non DeFi project that wants to join DeFi is a project that is actually almost dead, for example, like WPP a few months ago this project died, and I don't know why because they want to join DeFi now this project is alive again, and not just WPP ,there are many more which is almost the same, here I suspect DeFi is only used by them as a means of survive.
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cheezcarls
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August 15, 2020, 09:33:09 AM |
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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 noticed that as well. Old projects are now looking into the decentralized finance (DeFi) industry, and they would love exploring it for good. NewsCrypto is also looking into DeFi as well according to the CEO. I understand that most of them are just creating hype to make their community go all-in and support them after deciding that these projects would explore DeFi. I respect the OP’s opinion about him against this act and considering it as dangerous. But for me, I would remain neutral. As the DeFi industry grows, it opens another door for scammers to build fake DeFi projects to take away our hard-earned money. We just have to be careful guys. |
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memed97
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August 15, 2020, 10:04:13 AM |
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They are just leveraging Defi to make the project more attractive and investors will invest in their projects. So learn carefully before you want to invest in this market, never follow the trend because it will cause you to lose and fail in this market.
Yes, even though DeFi is currently in a trending period, investors must still be careful about projects that are currently circulating, because many project teams are taking advantage of the current trend to create new projects in crypto. |
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dioanna
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August 15, 2020, 10:11:06 AM |
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Market now is going loco  on every announcement with DeFi hashtags they just buy and shill Even CZ is hyping his token with DeFi name  ,soon people will get used to it and make research first before going crazy. |
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dataispower
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August 15, 2020, 11:32:41 AM |
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Market now is going loco on every announcement with DeFi hashtags they just buy and shill Even CZ is hyping his token with DeFi name ,soon people will get used to it and make research first before going crazy. Bottom line is, always ride the crypto trend when you can, and since now is time for DEFI, everyone is taking advantage of the DEFI hype. If you must have noticed, most new crypto projects are in DEFI category and old projects are adding DEFI. In my opinion, DEFI shouldn't make one invest in any project, look what the project has to offer before investing. |
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Kong Hey Pakboy
Member
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Activity: 1120
Merit: 68
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August 15, 2020, 01:51:15 PM |
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DeFi projects are indeed getting so much hype today that non-DeFi projects are planning to start going DeFi, so they could take advantage in this situation to grow their assets. But we still need to be careful in this hype of DeFi because scammers could also take this as an advantage to scam other people, until the hype will turn into dump.
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bbcolex
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August 15, 2020, 02:00:16 PM |
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Indeed some project riding the hype of defi, we all know where they going like what happened to ICO hyped everything eventually dump or losses its value. People should be wary before investing or diving into defi hype, there are some defi project which is good but most defis are all hyped.
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Rafiqul
Member
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Activity: 1358
Merit: 10
www.cd3d.app
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August 15, 2020, 03:27:25 PM |
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Well, even if there is no DeFi project from the beginning, those who have that qualification should implement DeFi systems; But the problem is that not all projects are influencing investors by talking about DeFi for hype purposes despite not having the qualifications to implement DeFi; These projects are likely to turn into scandalous projects in the future; As a result, investors will suffer. So one should be really careful with these projects.
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SistaFista
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August 16, 2020, 04:38:47 AM |
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lol indeed. They even changed the announcement thread title by adding "DeFi" on it.  We should asking to the community whether the project is really DeFi from the start of the project or just recently become DeFI project. The sudden DeFi wannabe project can causing suspicious or scam accusation in the project, better to stay non-DeFi. |
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ilovealtcoins
Sr. Member
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Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
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August 16, 2020, 05:18:12 AM |
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There are too many DEFI projects out there and many of them have failed. I see uniswap becoming a casino, an evil for raising the price of DEFI projects and kicking them down. Project Yam recently went from $ 160 to $ 0.5 in a few hours due to the DEV team's fault. It's pathetic, I only buy the cryptocurrencies of the DEFI projects when they are listed on major exchanges.
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Eco_111
Member
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Activity: 210
Merit: 14
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August 16, 2020, 07:05:39 AM |
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1. If it's a must for you to buy DeFi coins make sure they are listed on top exchange, not dex
2. Avoid any projects that wasn't DeFi before
3. When a DeFi project is too high from its ICO or IEO price it has become extremely risky choice to jump in, I would hesitate for sure because bump can come anytime
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zulfi125
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August 16, 2020, 03:38:56 PM |
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The projects from non-DeFi to adding features of DeFi is only to make money from the selling of their projects tokens, as you know DeFi hype is growing fast. Every project that has DeFi feature become successful, and investors also investing in DeFi projects, so everyone should keep on eyes those projects that are by birth non-DeFi.
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MonsterV
Legendary
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Activity: 2212
Merit: 1008
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August 16, 2020, 07:07:35 PM |
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to be honest if you saw project like this who change their first concept to DeFi concept, they are definietly scam project that trying to fool people by follow the current hype and trend, just avoid this kind of project if they are suddenly want to change their project concept to DeFi, its much happend when masternode & pos are very popular, the coin was PoW coin at the start, but when they see masternode concept is very hype, they start change it to masternode and turn out to scam when people start buying in their pre-sale.
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