impact of added new token in defi market?

[techptcl786]

10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

[ryzaadit]

A lot of people gonna be a victim from Pump & Dump token.

History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price. You know the case of Lending Platform on 2017 right? that's gonna be happen again because of all this DeFi. I also see the response from CZ how they ADD DeFi to their exchange, seem like CZ/Binance was also don't want to protect their customer anymore they scared because all this hype DeFi losing some customer if they not listed DeFi token to their exchange.

[stomachgrowls]

A lot of people gonna be a victim from Pump & Dump token.

History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price. You know the case of Lending Platform on 2017 right? that's gonna be happen again because of all this DeFi. I also see the response from CZ how they ADD DeFi to their exchange, seem like CZ/Binance was also don't want to protect their customer anymore they scared because all this hype DeFi losing some customer if they not listed DeFi token to their exchange.

You got it right!

History will surely repeat just like those old days of ICO where everything is on hype and then suddenly crashing it hard.Its no different on whats currently happening as of this moment.

Do you really believe that Binance would delist it out? No they wont because thats where they do make money and they would list out as long they do see that they can profit nor benefit.

Thing here is that the owner itself did really give some words about DeFi which is actually the truth. Invest only the amount you can afford to lose. Crypto investment is always been risky.

Hopefully people wont fall badly or too much of this hype.

[TomArayaSlaya]

Seems normal to me I mean they are basically around all this while and its not that they just gotten to binance to make a little job.Is good for those coin but some of them are really down during the bearish brief

[JeffBrad12]

10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

It will not give any impact on the crypto market. But it will be a sensible question if you are asking about what impact that will be received by koinfox. koinfox is an automation tool and how can you sure if that will give an impact to the crypto market?
Crypto market will get an impact when there was a new legit coin that can push the total marketcap of crypto.

The koinfox user will become a party who will get the advantages from the decision that has already made by koinfox to add hot coins to its service.

It has nothing to do with cryptomarket. I think you must understand the context of your question again.

[michellee]

A lot of people gonna be a victim from Pump & Dump token.

History of 2017 will be made again these years because of DeFi, and make bad for all cryptocurrency community/asset just because we have a lot of victim rekt on DeFi by exit scam and make high FOMO price. You know the case of Lending Platform on 2017 right? that's gonna be happen again because of all this DeFi. I also see the response from CZ how they ADD DeFi to their exchange, seem like CZ/Binance was also don't want to protect their customer anymore they scared because all this hype DeFi losing some customer if they not listed DeFi token to their exchange.

I think people will be okay to be a victim of the pump and dump token because many of them attract to buy and sell the token. Maybe they think that as long as they can make a profit from the token, it will be no problem if the token finally will scam them. But I think binance will be selective to select the token in their market because that will relate to their reputation among the other exchanges.

The history will repeat, and this time, we already see the new trend in DeFi, and that invite many investors to back to the market. I hope that the investor can be careful, and they can get out of the market while they can.

[Benefactor]

I don't think so the coins been make a huge impact on crypto market though. There were a lots of coins couldn't make it yet and the coins you mentioned i don't think they couldn't make a big impact on crypto market. But the crypto currency is unpredictable there happen anything anytime so, let's see if there make any changes or not.

[batang_bitcoin]

There will be people that will earn from those defi but all of it won't sink it in the end. There will be remaining projects that will be staying on the market and the others are likely to be gone once there's no more hype for defi.
To the projects that have pave their way to the top and their popular increased, they will be the ones that will be staying with the other top cryptocurrencies that are known and common in the market.

[Silberman]

10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

Let me give you and example, lets suppose you have a cup of coffee with no sugar and you decide to add a spoon of sugar, and then you taste it, you will notice it has gotten sweeter, if you do this again you will notice it is even sweeter than before but when you add the third spoon you will notice that it does not get that much sweeter anymore and by the 10th spoon you notice no difference.

This is the law of diminishing returns and it applies to this market as well, we are full of DeFi projects now and 10 new projects are not going to have any significant effect on the market unless one of them is many times better than anything we have seen so far, something that I doubt of course.

[mersal]

10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

Binance facing scam accusation due to adding the project sushi which exit scammed in less than 24 hours after it got listed and another project in the last couple of days ago did the same and 20 million worth of tokens were locked.

So any reputed exchange has been adding defi shit tokens will lose their reputation.

[jacafbiz]

DEFI market is the one generating huge volume now and it would be very stupid for any exchange to miss out of the trading fee. The impact of DEFI is huge and you can see not just in trading and exchange listing alone, most of the VCs deal in August was in DEFI space, and with this significant return, no one can afford to miss the hype

[rizkyalhabsy]

very extraordinary just look at the coins that are very hype right now is defi. maybe this is the defi year and different from the previous year the hype is io and ico. tremendous influence in the world of crypto

[Lordhermes]

The first lending coin created was bitconnect and was found out to be scam project, it was because of their excess hype that resulted to many fake project impersonating lending as their idea in their whitepaper. The very last one I participated that ended up crashed till date is Money Token(IMT)

MoneyToken steps in. The MoneyToken platform allows you to borrow liquid funds instantly based on the current value of your cryptocurrency asset holdings.

https://moneytoken.eu

[crzy]

10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

There’s no big impact on this since most of those DeFi token are already listed on some exchanges and listing on Binance doesn’t guarantee a big impact on the market. We have to see every project its real purpose, and if you’re looking for an impact in the market then it must be good aside from bitcoin, but since DeFi is pure of hype its hard to tell the real impact of it.

[pallang]

The first lending coin created was bitconnect and was found out to be scam project, it was because of their excess hype that resulted to many fake project impersonating lending as their idea in their whitepaper. The very last one I participated that ended up crashed till date is Money Token(IMT)

MoneyToken steps in. The MoneyToken platform allows you to borrow liquid funds instantly based on the current value of your cryptocurrency asset holdings.

https://moneytoken.eu

Im still holding this token on my wallet and  i thought it is already dead, as there is no sign of them.. No social accounts and telegram. Yesterday as i check my wallet i see imt on pump. Hoping it will continue to go up.

[Bezobraznike]

   I don't think there is some big impact from adding new DeFi projects in the crypto-market. It's the trend and many developers
are trying to push their own product. Only effects from all those new DeFi projects are towards investors, with so many projects
it's confusing to find out what is real and what's not. You need to research all the projects to find which ones are good ones, just
looking at the market and all those new names is like you didn't do any research, you are trying to guess which ones are good and
which ones are bad.

[$crypto$]

The big impact is only when the hype comes after that it seems like it will never happen again, many DeFi tokens have been successful until they enter Binance, of course, is a great opportunity for those of us who have bought it early, we know that tokens have entered the Binance exchange is the best token to choose by. Therefore, the impact on the cryptomarket will not have a big impact, but we'll see how Bitcoin reacts if there is a big impact.

[terciduk123]

The impact that I have personally felt since the DeFi trend is that the enthusiasm for investment has increased, many Defi projects do not have detailed information about their project but the token price has increased by several hundred times. This made a lot of people join the DeFi project even though the risk was very high.

[Lagduf]

Those coins will actually give nothing to the market. I thought that if your question has two different answers.
When there was service will try to add more coins on the list of its platform and can we call that these coins will bring something big to the cryptocurrency? There was no different about when koinfox was adding more asset and not adding anything to its service.

If we are seeing from what impact that has already made since those defi has come to the market and then those coins has made the defi trend became very popular among the crypto users especially YFI.

[ichsan ardi]

10 New Tokens in DEFI Markets for Binance added on Koinfox
RUNE, MKR, TROY, BAND, LINK, KAVA, PNT, BAL, SXP, YFI
whats impact on cryptomarket ?

There is a lot of impact on the cryptomarket, we can see that there are many who are flocking to invest in crypto at this time and head to DEFI