After Sushi is Noodle

[jacafbiz]

I would have taken some of those project really serious if they are not named after food names, I don't understand why some people feel that the community is going to take them serious, we all know how it is going to end for most of these project, they are just riding on the DEFI hype and when the hype goes down the project start failing

[1714614827]

1714614827

[1714614827]

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[Google+]

I would have taken some of those project really serious if they are not named after food names, I don't understand why some people feel that the community is going to take them serious, we all know how it is going to end for most of these project, they are just riding on the DEFI hype and when the hype goes down the project start failing

I think some of the big exchanges like Binance will raise awareness of registering coins or tokens that enter their exchanges because learning from the sushi experience has put a lot of Binance traders out of business or losing enormous amounts of money.

[jossiel]

This Defi sensation becomes a joke with those names made and chosen by the developers. They are obvious that they don't care about the project at all.

They don't take time to think the name of the project so, they leave it with noodles, hotdog, sushi, maybe next time they'll name it with any random objects.

These DeFi projects has become the big jokes of the community for naming it to popular foods and people are quick to join as long as the project claim to be DeFi projects because of the ongoing on the name DeFi glad I did not jump on this hype because I know many scam projects will come out and imitate these DeFi.

Those people that quickly invested on it thought that it's something that they can earn from. Yeah, they've earned from it and then suddenly it turned out to be dump afterwards by most of the people who have invested early on it.

I didn't FOMO too in investing on this.

I knew it that it's just going to be the same hype but the early Defi that were recognized and become at the top, they were reliable and better than those food projects.

[LbtalkL]

I guess these new defi projects won't do good maybe it will damage instead the image of defi, this high yield farming def, investors are big part of it, if all investors sold their share after they made some profit, goodbye to the project. Why not support the existing one? Why should create a new one? The obvious reason is to make money out of it easily. Do you remember what happen to ICO before, but I guess scammers don't care about adoption just money.

[Inkdatar]

I guess these new defi projects won't do good maybe it will damage instead the image of defi, this high yield farming def, investors are big part of it, if all investors sold their share after they made some profit, goodbye to the project. Why not support the existing one? Why should create a new one? The obvious reason is to make money out of it easily. Do you remember what happen to ICO before, but I guess scammers don't care about adoption just money.

Well, it's pretty obvious the hype is real for this defi projects and yet people still investing just to make instant profit. They created a new one just to earn money as some people are in during this hype in defi. Good thing for those people who really know what to avoid during this hype happening in this industry. I'm thinking what's next after noodle? So people should be warned and learned from the past just like in Ico before as we all know a lot of of scam spreading in this industry.

[truthofshunya]

I would be careful with farming projects. Lots of rug pulls, and scams. There maybe legit projects out there nonetheless it depends on your risk appetite.

[Kotone]

CZ tweet about it, Binance must lists this DeFi token, so the traffic doesn't go to another exchange,
it's about traffic not much.

Its not about traffic but the liquidity thry are after. Sushi has made a lot of controversial from listing to even the dumping and abandoning of the developer by dumping coins. I dont trust now a lot of food name defi due to what happened. Maybe this noodle has good tokenomics and concept but its not about that but the team responsibility to take care the project.

[escalante28]

Is that a joke? So sad to those who are going to invest in this kind of project , it seems they will cry soon.

Ethereum must have a solutions for those who are making a contract in eth blockchain to make money out of nothing. lol
And people should DYOR before investing into something not just by dreaming to be an instant millionaire, lol.

[Reid]

Oh my.. here we go. Another defi dishes. Sushi, Noodle, Ramen, Laksa, Udon.. You can name it.
I can't believe why binance listed that sushi dishes in their platform, and can't more believe there will be another dishes in defi.

Are binance really searching for a project before they listed it or they are now looking also for money for adopting many defi  project to list in them?

Not good a sign for a good exchange if this many defi project failed it will also affect the reputation of exchange if they plan a to list a tokens without reviewing it.

As long as they pay. It will be their problem in the long run when their reputation suddenly goes down.
I think they are still looking at the projects or more like just browsing them.
Because of the hype that is happening this will be a lot of profits for them.
Maybe bulk projects are coming in that is why Binance researchers won't have much time to look deeper.
Browse and list. 

[hakertajniak]

What food will be coming next ? Why do you create project that copy pasted from sushiswap ?
I don't understand why people interesting to join such project, the growth of the project is based on the hypes.
Now we can see the sushi price has gone into $2.7 after hit $10 in just several days, that is very volatile.

[webtricks]

I would have taken some of those project really serious if they are not named after food names, I don't understand why some people feel that the community is going to take them serious, we all know how it is going to end for most of these project, they are just riding on the DEFI hype and when the hype goes down the project start failing

There is nothing wrong in naming projects after food items. All Android versions are named after sweet food items/desserts. Most of the testing suites are named after food items like Mocha and Ganache. Keeping everything aside, the biggest tech company is named after a fruit!

Name is hardly a problem. But problem with Sushi was that it was clear looking scam but still people invested. Anonymous founder, un-audited smart contract, copy code from Uniswap, extra ponzi type structure by providing additional LP tokens in addition to what Uniswap is providing. I still can't believe how Binance listed this coin? Binance listing stimulated newbie investors to unintentionally throw money in Sushi. I am losing faith in these centralized exchanges after all, they all are just big greedy douchebags. Listing shitcoins for their own benefit.

[nelson4lov]

^
It's still a terrible decision. No prior DD and just prioritize traffics. In short: we want money too and we don't care which garbage we list as long as people are buying it.

Which is why he deleted that a few moments later. Just show how fucked crypto market is.

Yeah, I'm not sure he thought that one out (properly) before making the tweet. It didn't take long for him to realized what he said in the tweet and went further to delete it. The way I see it, I'd blame both CZ and traders.

CZ - Because they said that Binance does quality research before listing new assets on their exchange. It's the same research they claim they do that makes them delist older projects. Binance fully knew that most of the DeFi projects they've been adding recently  have no intrinsic value ~ It's just based on hype and speculation. But they still went ahead to list it because they want to remain relevant and not lose traffic to uniswap. If they continue at listing DeFi craps, it wouldn't be long before people start losing trust in their platform. Binance is considered is a standard in the crypto exchange business. This doesn't speak well for them.

Traders - Because buying and selling any assets involves a certain degree of risks which the trader agreed before either buying / selling (or long / short since sushi was listed on Binance futures).   And they should have done their own DD before deciding to trade the asset. They could have decided not to touch the asset and not get losses when the price plunged all the way from the high ($6) to ~ $1.3.

[CucakRowo]

Now, they not care anymore about good project ~LOL. As long the volume trading was insane, I belive binance will listed now XD

And your request heard and granted by cz. Man, you have good prediction  . I think you are fortune teller guy.

https://twitter.com/binance/status/1304429472666529793

[Sirait]

~snip

hahaha, what happened to the name of these foods. One of my concerns is the lack of creativity of current developers in naming their crypto products.

however, the name of the food is actually not worthy of being used as a cryptocurrency because it seems only for entertainment. whenever I will not want to buy this coin.

[pandanaran]

I read a statement from CZ about why they listed a project like "Sushi"

The reason just because the market and hype about DeFi and if they not listed a DeFi project they scared the customer will be a move to another exchange.
https://twitter.com/alasta10027/status/1302473584435032065

so from now on it will be difficult to find cryptocurrency to be used as a long-term investment instrument because binance exchanges are starting to move carelessly in inserting new coins in their market.

actually not difficult, as long as you do not select the list of Defi projects that are already listed on the Binance exchange. if you take part in it, you need to consider it hundreds of times. I'm not saying that Binance is taking the wrong step, it's just that Binance is trying to follow the Defi trend. but I'm worried that in the future, if Binance adds a few more new Defi projects, what will happen next?

[xOdiumNostrumx]

I mean, its really just my opinion, but I am eagerly waiting for a moment when this whole yield farming bubble bursts, so we can go back to legit projects and money starts to flow into them again. Its hard to watch naive people getting burned over and over again with these shitcoins, its almost like a drug addiction, chasing the high with new farming shitcoin every other day.