Once again, scammer uses a very old and common scam technique. Send first and get something back later. No matter how much the contributed amount is (0.1 ETH in this scam), it is a scam rule to join a scam group.

If people always keep it in minds and don't let greediness blurs their minds, they won't be scammed.

I turn off the option to invite me to groups from Telegram users that are not in my contacts. Everyone should do this too because scammers join groups to get list of users in groups and send their scam invitations.

Those victims might be newbies looking for easy money on the web and instead of them finding a treasure chest, they are the ones that were caught off guard and described as the money by that developer.

It's one problem for these defis, the new investors don't look carefully at what they are investing. What matters to them is that it's on any exchange or swap platform.

While others might learn from this, there will be a batch of new investors that can get caught by scammers like him.

De..............Fi............ is a hyped word in the recent crypto market. And it turned into a thing that people think if they do let to invest upcoming project presale maybe they will lose a huge profit. Maybe the victims are the same people who blindly trust in word Defi.  And the real truth will be these blind Defi lovers stop to trust after losing the full amount of profit what they earned from the beginning of Defi.

Why are so many people willing to pay 0.1 ETH for junk tokens, they are just airdrop tokens and don't expect it to grow unless you want to collect lots of worthless tokens in your wallet. Stop being greedy because the best projects don't develop that way.

Many people say this DeFi hype is a scam because the DeFi market is full of scammers that they will take away all of your money, just like what happened in the last year of 2017 that ICO is also full of fraud and unsuccessful projects. It is why we should not follow this DeFi hype because some scammers will only play a trap on us with their fake airdrops and giveaways posted on different social media sites.

Well, thank you for sharing this post, this should be considered as a lesson to learn not just only by newbies and also by us.
Only naive people will fall into this kind of trap ^{[an old trap but effective]}, --they even don't think that a short period of hype will commonly end up top scam. Sometimes when the greed will over control on us, we have the strong guts to risk money even we know that possible consequences of scamming, but since we all want to have profit, risking to this hype projects will become leads us to scam.
With the growth of the Defi sector projects, hacking incidents are pretty expected.

Is that how the developer defines the word "airdrop"? Because from what I understand, an airdrop is supposed to be advantageous as they will send free tokens to promote their project. If you are going to search the word "cryptocurrency airdrop", you won't find the word "donation" on its definition because it does not work that way. By the time I read that word, I can't believe how people are convinced to trust their funds to a stranger that is treating them badly. They don't have any idea that they are being fooled around and it is sad. I hope they learn from that experience.

Same here. It is really hard to understand because many DeFi coins are completely useless. It's just speculation of highly hyped shit where the only task is to find a bigger idiot who is paying more for it. That reminds me of an useless Ethereum Token ICO called "useless Ethereum Token" which collected around 200k USD in an ICO in 2017 and is now, no surprise - totally worthless. 

Same will happen to most DeFi coins.

Of course, not all DeFi coins are scams but if you are lucky to pick one which isn't scam, it is most likely highly overvalued right now.

The term airdrop and its meaning has changed a lot in the last 5 years. In the past, an airdrop meant you post your wallet address and you receive free tokens to it. That was it. Over time, to receive free airdrops, you had to perform simple social media tasks. Like a Facebook page, follow the project on Twitter, etc. Then the tasks expanded. Write a tweet, retweet, post a comment on your wall...

Nowadays, new users don't even know how airdrops looked in the past. They think all these tasks you have to perform are completely normal. I have even seen and heard about airdrops requesting users to send some gas to cover the transaction fees. You can tell a lot about the future of a project who needs gas to cover fees for free tokens.

It's getting interesting, reading through how people could get scammed in this space. The uniswap platform has made things easier for scammers and most persons are only interested in benefiting from the pump, that emerge from a project irrespective of risks attached. I only hope that people could be wiser and less greedy Inorder to avoid situations of this nature.