Strictly for those who have ears

[Bitbtc8]

Hi fellas I'm here today to unleash some light on few DeFi projects that I've been seeing lately and it's kinda getting annoying because they keep pumping up every week, after doing few digs I find out they are projects aren't reliable, some CEO pictures looked washed out and stolen, no LinkedIn and proper team information etc, to cut the story short they are red flag that might be hard to see

They come in low max supply

Token name : something Finance, DeFi, etc
Token type: ERC20
Token Price: High from  3$ to 100$ per token
Total Supply: as little as in thousands, 10,000 , 25,000, etc

I'm starting to think these projects are from same players from the deflationary tokens haven, remember when deflation was a thing?

Here is list of suspicious projects that claim they are DeFi

1. LSVDeFi Finance (LFI)
Token type: ERC20
Token Price: 110$
Max supply: 25,000 LFI

Website link: https://lsvdefi.finance/

2. Phase Finance ( PHY)
Token type: ERC20
Token Price: 19$
Max supply: 30,000 PHY

Website link: https://www.phase.finance/

3. Yearn Finance Value (YFIV)
Token type: ERC20
Token Price: 35$
Max supply: 100,000 YFIV

Website Link: https://www.theyfiv.finance/

4. Yearn Finance Network (YFN)
Token type: ERC20
Token Price: 3.53$
Max supply: 70,000 YFN

Website Link: https://www.yfnetworkdefi.com/


5. Exvault (EXCORE)
Token type: ERC20
Token Price: 100$
Max supply: 10,000 EXCORE

Website Link: http://www.exvault.finance/

Also be careful with UNISWAP, listing coins on uniswap is very easy so don't think that every listed DeFi projects on uniswap are real, most DeFi projects are from unqualified fake devs that are just trying to get into your pocket. Few of these projects are already listed on uniswap already.

[Rodeo02]

They just want to be in trend most of the tokens you listed doesn't have any announcement thread here, for a reason that they don't want to be asked by old members and it can easily identified that they are scam if they make one.

Just ignore that kind of project ,if you can review a project by  your self and found thier mistake like you find they are using other people photo or copying other project roadmap you can open scam accusation so that project can be flagged as scam so that they can't find other victims here.

[Gorosden]

Thanks for sharing, I've seen lots of these projects from ICO announcement website and they have tons of followers on Twitter, I don't know how they manage to achieve that anyway, for example like that YFN project

[MCDev]

We are in the midst of a defi project boom, everyone can see defi projects flooding the crypto market and this forum.
I think that the defi booming during this time is similar to the ICOs of 2017. It is easy for people to get into a scam project like the ICO 2017, when the developers tried to mass launch projects and are willing to abandon it as soon as they get the money.

[rhomelmabini]

As I've been saying in the past only few will remain in this DeFi race and when the time bearish market start to move this will slowly dies and even it just only began there are DeFi projects already dying. Uniswap was just a medium but hoping they could have a stricter regulation in the future regarding listing of any projects, it's like they are the go-to of this scammy projects too.

The bad thing about this DeFi race are those newbies that just hopping in without knowing if the project has real use case or just simply driven by hype. FOMO is not a bad thing at all because if you've been into FOMO but on good crypto projects then it's nice but if it's the other way around it could mean another crybaby saying that crypto or other altcoins are scam.

[imstillthebest]

not only ears but eyes ? you forgot  . how can they invest when they dont see it but they invest blindly like they have no eyes  .

it was like that they dont have an ears because they dont listen to repeated advices and warning by those concerned person  .  im not annoyed with the pump because those pumps wouldnt last a long time anyway but im annoyed that every single user i came across praise the exchange called uniswap  . they praise the exchange so much and they ignore the fact that most scam projects are being supported on here  .

[SamboNZ]

We are in the midst of a defi project boom, everyone can see defi projects flooding the crypto market and this forum.
I think that the defi booming during this time is similar to the ICOs of 2017. It is easy for people to get into a scam project like the ICO 2017, when the developers tried to mass launch projects and are willing to abandon it as soon as they get the money.

The boom is already over and it was a short one because most of them now are losing value.

Yes, scammers are already everywhere trying to get money now in the defi scene but because of greed people aren't doing due diligence in picking in where to put their money.

[VolkoB]

My friend fell for a scam ($ 80) recently.
I'll tell you how it was:
A fresh promising project entered the market, but the team announced that the contract had not been developed by them yet, but would appear a few days later, after the promo on binance.
The scammers created a contract with the token name like the above project. Then they poured liquidity into UniSwap. They made fake airdrops to the Eth network to create the visibility of the holders.
After exchanging at Uniswap ETH to their coin, the coins came to the wallet.
But the trick was that these coins could not be exchanged back for ETH, contract error (even if there was liquidity).
A few days later, the scammer removed the liquidity and got his black money.
So be careful. Look at the contact, it should be with a green mark on the etherscan.io.

[sangjoewara]

Thanks for sharing, I've seen lots of these projects from ICO announcement website and they have tons of followers on Twitter, I don't know how they manage to achieve that anyway, for example like that YFN project

Don't be surprised because twitter followers are very easy for them to get, because if we check more deeply, not all followers on twitter are genuine, it could be that some of them are fake, so don't be surprised because of this.

[Lerikaweb]

If you wanna invest in defi projects (as people user to do 3 years ago during the "ico fever") I have some bad news for you: these tokens have great volatility and people make money on short-time trading, not holding them. So if a token is listed and is being traded, we trade it today and forget about it tomorrow))

[Mpamaegbu]

4. Yearn Finance Network (YFN)
Token type: ERC20
Token Price: 3.53$
Max supply: 70,000 YFN

Website Link: https://www.yfnetworkdefi.com/

You may want to crosscheck your information on that one. The total supply is 48,000 YFN and not 70,000. The project is already out and actively trading on Hotbit, Uniswap and Bilaxy at around $4+. See details here https://www.coingecko.com/en/coins/yearn-finance-network. BTW, it also had airdrops last week. It's a project am closely monitoring but don't know what truly moves the DeFi coins.

[ryzaadit]

Checked all the project.

Same as before from my response about DeFi, just be careful everyone! in the past few weeks DeFi already trap so much investor and trader. Also, the progression from all DeFi project 70-90% right now on the lose position.

The loss position could be the same as ICO Situation when to much investor/trader getting a loss or fomo make the market of this type project losing some trust. About 4 project has been mention by @OP almost all of them only offering their main service "Reward or Farming", and without any team at all even some one of the project has team information seeing them by the picture team.

I thinking they are not really professional at all without a solid background.

[Kang TB]

We are in the midst of a defi project boom, everyone can see defi projects flooding the crypto market and this forum.
I think that the defi booming during this time is similar to the ICOs of 2017. It is easy for people to get into a scam project like the ICO 2017, when the developers tried to mass launch projects and are willing to abandon it as soon as they get the money.

The boom is already over and it was a short one because most of them now are losing value.

Yes, scammers are already everywhere trying to get money now in the defi scene but because of greed people aren't doing due diligence in picking in where to put their money.

thats right people need to do a very deep research about defi type project now, to reduce the risk being scammed my friend
because not all defi project will bring a huge return, so choose wisely

[bekti3]

We are in the midst of a defi project boom, everyone can see defi projects flooding the crypto market and this forum.
I think that the defi booming during this time is similar to the ICOs of 2017. It is easy for people to get into a scam project like the ICO 2017, when the developers tried to mass launch projects and are willing to abandon it as soon as they get the money.

Usually this kind of thing will often not last long, indeed currently Defi is the center of attention. but what we need to know is the extent to which this project embodies the development of their own crypto strategy.

[plvbob0070]

They just want to be in trend most of the tokens you listed doesn't have any announcement thread here, for a reason that they don't want to be asked by old members and it can easily identified that they are scam if they make one.

Just ignore that kind of project ,if you can review a project by  your self and found thier mistake like you find they are using other people photo or copying other project roadmap you can open scam accusation so that project can be flagged as scam so that they can't find other victims here.

With the easy listing of a project in an exchange, it is no longer surprising to see some of it turns out as a scam. There's no doubt that people will question the credibility of their project, seeing they hide important details about the team and the project. So instead of promoting the project here in the forum, they decided to list it on a exchange so they can still catch people's attention. Therefore, always keep in mind that those lists and the reputation of the exchange are not enough basis to trust a project because anyone is capable of doing it.

[cabron]

4. Yearn Finance Network (YFN)
Token type: ERC20
Token Price: 3.53$
Max supply: 70,000 YFN

Website Link: https://www.yfnetworkdefi.com/

You may want to crosscheck your information on that one. The total supply is 48,000 YFN and not 70,000. The project is already out and actively trading on Hotbit, Uniswap and Bilaxy at around $4+. See details here https://www.coingecko.com/en/coins/yearn-finance-network. BTW, it also had airdrops last week. It's a project am closely monitoring but don't know what truly moves the DeFi coins.

It still look very suspicious even when its listed on uniswap, hotbit and bilaxy.  But the github https://github.com/yfnetworkdefi made them look validated. The only you would be suspicious is that its not popular, the volume is too low yet the price of all these defi projects are high for an unpopular project.

You' have to wonder where the investors of these project came from to learn about them. If LSVDeFi doesn't ring a bell to you then just be careful sending your money.

[huu78]

They just want to be in trend most of the tokens you listed doesn't have any announcement thread here, for a reason that they don't want to be asked by old members and it can easily identified that they are scam if they make one.

Just ignore that kind of project ,if you can review a project by  your self and found thier mistake like you find they are using other people photo or copying other project roadmap you can open scam accusation so that project can be flagged as scam so that they can't find other victims here.

I agree with you, even this mimics the first defi bubble maker YFI token, even though the price is now very high but we know at first the price of YFI was at 30 $ which then could go up to 24000 $ in just 1 month.
but if you dare to take the risk there is nothing wrong with buying the token and hoping the price will rise then you can release it.
and iterates over to new tokens that have the potential to rise as well.

[CryptoYar]

no LinkedIn and proper team information etc, to cut the story short they are red flag that might be hard to see
~snip

That's what I always say. DeFi does not mean that the team should be hidden. It is a matter of thinking, how can we invest in a project whose team we do not know.
Besides, our investigation members are exposing so many projects on daily basis, Which shows how many scam projects are coming in the market

I just want to say that do not ever invest in a project whose team information is fake/or not available. Never invest just expecting that the concept of this project is good and will give you huge profits. Even more important is to have team information.

[Wenbing]

Hi fellas I'm here today to unleash some light on few DeFi projects that I've been seeing lately and it's kinda getting annoying because they keep pumping up every week, after doing few digs I find out they are projects aren't reliable, some CEO pictures looked washed out and stolen, no LinkedIn and proper team information etc, to cut the story short they are red flag that might be hard to see

They come in low max supply

Token name : something Finance, DeFi, etc
Token type: ERC20
Token Price: High from  3$ to 100$ per token
Total Supply: as little as in thousands, 10,000 , 25,000, etc

I'm starting to think these projects are from same players from the deflationary tokens haven, remember when deflation was a thing?

Here is list of suspicious projects that claim they are DeFi

1. LSVDeFi Finance (LFI)
Token type: ERC20
Token Price: 110$
Max supply: 25,000 LFI

Website link: https://lsvdefi.finance/

2. Phase Finance ( PHY)
Token type: ERC20
Token Price: 19$
Max supply: 30,000 PHY

Website link: https://www.phase.finance/

3. Yearn Finance Value (YFIV)
Token type: ERC20
Token Price: 35$
Max supply: 100,000 YFIV

Website Link: https://www.theyfiv.finance/

4. Yearn Finance Network (YFN)
Token type: ERC20
Token Price: 3.53$
Max supply: 70,000 YFN

Website Link: https://www.yfnetworkdefi.com/

Also be careful with UNISWAP, listing coins on uniswap is very easy so don't think that every listed DeFi projects on uniswap are real, most DeFi projects are from unqualified fake devs that are just trying to get into your pocket. Few of these projects are already listed on uniswap already.

Here is my obeservation about these defi project listed above. Max supply of this token range from  25,000 to 70,000. These look very limited in suppy and as such would create artificial scarcity, which will lead to an upsurge of the price.

Well, i feel there is something fishing with that.

[Cryptoababe]

The projects are shit and scam projects with fake teams. This reminds me 9f blockclout that send airdrop to people to call thier attention to buy more. This was funny because unfortunately blockclout got exposed by coinmarketcap.
There are fake DeFi projects out there with low total supply and high price. Even there are fake DeFi bounties too. You are absolutely right.

[tycsols]

Even if you checkout the bounty section there are dozens of projects that are looking for free promotion because after raising funds they will just exit scam and investors alongwith the hunters will get nothing. So as a responsible investors we should not fomo and chase every shiny looking project but its better to follow good projects with experienced team and use cases.
I am also glad that defi hype and fomo seems to be going down now and there will be less opportunities now for scammers to take advantage of.
 

[AndRE177]

Your topic will be very useful for the beginners and those people who first discovered the possibility to trade on the exchange Univap. The exchange often shows a notification that you are acting at your own risk and are responsible for your coins. You need to look carefully at all contracts, because there are really a lot of fake tokens on the exchange that pretend to be popular coins.

[Mpamaegbu]

It still look very suspicious even when its listed on uniswap, hotbit and bilaxy.  But the github https://github.com/yfnetworkdefi made them look validated.

I am not a tech kind of guy and so don't know much about the technicalities involved in all that. But I have read several articles where it was explained that the github is a better place to check if you want to know whether a project is genuine or not. So, for the fact that YFN is active there tells us that it's a serious project, isn't it?

You' have to wonder where the investors of these project came from to learn about them.

I think investors get wind of these DeFis from ICO and airdrop channels on telegram and Twitter. For instance, I read about FYN on telegram while it was still at the presale stage but was skeptical buying in.

[Bitstar_coin]

Uniswap is a decentralized exchange which is why it is very easy for anyone or any scam project to just list their fake defi token and get people to buy in, it has been said on several occasions that investors should be extremely careful when transacting in Uniswap, it is very easy to fall victim if all the necessary precautions are not applied,

Before making any transaction, be sure to check the contract address of that project from coingecko or cmc and not convince ask in the project telegram group and compare with what is on uniswap (this is very important),  lots of fake defi's out there it is up to us to identify them before having regrets.

[gabbie2010]

They just want to be in trend most of the tokens you listed doesn't have any announcement thread here, for a reason that they don't want to be asked by old members and it can easily identified that they are scam if they make one.

Just ignore that kind of project ,if you can review a project by  your self and found thier mistake like you find they are using other people photo or copying other project roadmap you can open scam accusation so that project can be flagged as scam so that they can't find other victims here.

I agree with you, even this mimics the first defi bubble maker YFI token, even though the price is now very high but we know at first the price of YFI was at 30 $ which then could go up to 24000 $ in just 1 month.
but if you dare to take the risk there is nothing wrong with buying the token and hoping the price will rise then you can release it.
and iterates over to new tokens that have the potential to rise as well.

I believed all these DeFis projects are mainly for risk takers, investors who knows how to spot or detect potential scams will stay off, however there are some investors who had been profitable in DeFi projects just like YFI token they believe that the risk worth taking, its not advisable for any newbie to invest blindly in any of those projects without any research there are many avenue for checking and monitoring those projects eg. coinmarketcap

[Francis Freeman]

Nothing more than some people using the hype to sell some made up tokens which have very little supply and create a artificial demand.
Probably if you look at the white paper to see the usage of token to see if it solves any issues , it won't be anything other than farming.

[Reid]

Also be careful with UNISWAP, listing coins on uniswap is very easy so don't think that every listed DeFi projects on uniswap are real, most DeFi projects are from unqualified fake devs that are just trying to get into your pocket. Few of these projects are already listed on uniswap already.

Uniswap is not filtering the projects?

Low supply maybe a good strategy to make it more real.
This scammers are wise. It's like they had been on this method before and they are trying to correct what is wrong with their scam attempts last time.
Again, this is destroying the whole crypto industry just like what happened with ICO.
Now, we got to relive the past.

[Valzador]

Website link: https://lsvdefi.finance/
Website link: https://www.phase.finance/
Website Link: https://www.theyfiv.finance/
Website Link: https://www.yfnetworkdefi.com/

I already know that the project you mentioned is a junk project. It all can be seen from the quality of their website and unclear team members. If you are indeed someone who doesn't care about risks, please buy coins from the project, but for someone who can think sensibly will avoid the above project.

[Byakuga]

The saddest thing about crypto is anyone can opt in without any knowledge only to get rekt, this is why I feel sorry for future crypto investors, I do hope they do research and get used to learning everyday because this is the only way they can get passed some traps, DeFi projects time will pass, the hype is very identical to ICO

[Adreman23]

Thanks for sharing, I've seen lots of these projects from ICO announcement website and they have tons of followers on Twitter, I don't know how they manage to achieve that anyway, for example like that YFN project

They have a lot of followers on twitter because they pay to have it like for example through twitter Giveaways. So we should not be tempted to invest money just because they have a lot of followers on their social media accounts. It is also better to do a deep research and evaluate the project before investing.

[poodle63]

If you are talking about how easy it is a coin to be listed I think it's always like that ever since the beginning of decentralized exchange. they just gives the community easier step to get listed and moreover their platform exist to facilitate the project that aren't or not yet listed in centralized exchange with rather strict rules. Therefore it just makes sense that people should actually be more careful about decentralized exchange in term of coins that are listed.

[michellee]

When you find another project that similar to the project you mention and feel it's suspicious, you don't have to invest in that project, and it's better to search for the other project that has the potential to increase. I think there will be many other projects like that, and we should search for more info related to the project to know more details. If you feel hard to find a new project, you can choose the existing altcoin or the best thing that you can select bitcoin for your investment.

[LogitechMouse]

~

Just like ICO, choosing the successful and not scam projects in DeFi industry is very hard. Maybe 1 out of 10 projects is good already.
These ones are just few of the new DeFi projects that already has red flags. Best thing to do right now is to just stay away from these new DeFi projects especially when you are a newbie unless you know when to enter and exit then good for you.

Also be careful with UNISWAP, listing coins on uniswap is very easy so don't think that every listed DeFi projects on uniswap are real, most DeFi projects are from unqualified fake devs that are just trying to get into your pocket. Few of these projects are already listed on uniswap already.

These DeFi projects comes with an ETH address so its better if you will see the ETH address of the project first then search it if it really is the token/coin.

[Distinctin]

Also be careful with UNISWAP, listing coins on uniswap is very easy so don't think that every listed DeFi projects on uniswap are real, most DeFi projects are from unqualified fake devs that are just trying to get into your pocket. Few of these projects are already listed on uniswap already.

That is a big problem for UNISWAP, scammers had taken the opportunity to fill-in so easily. I don't think UNISWAP has examined first those who want to get listed just like the other exchangers did. Maybe this could help to stop shit projects or it even just minimize it in order to retain their market reputation, otherwise, it gives a reason for the community to loosen their grip and ignore them.

Now, it gives cautious action for every trader. Not only it becomes listed to UNISWAP or even in know exchanges we are totally safe enough and guaranteed for returns, but it also depends on the project itself that we have invested.

[AndRE177]

Uniswap is a decentralized exchange which is why it is very easy for anyone or any scam project to just list their fake defi token and get people to buy in, it has been said on several occasions that investors should be extremely careful when transacting in Uniswap, it is very easy to fall victim if all the necessary precautions are not applied,

Before making any transaction, be sure to check the contract address of that project from coingecko or cmc and not convince ask in the project telegram group and compare with what is on uniswap (this is very important),  lots of fake defi's out there it is up to us to identify them before having regrets.

There are times when you need to check 7 times whether this is the coin you want to buy or another fraudulent token. I have long stopped looking at the names of coins, I have in the Google table recorded all the contract numbers of coins that I trade and I select coins in the search on Uniswap only by the addresses of contracts. This gives me confidence that I will not be deceived by scammers.

[tabas]

Everyone can add any suspicious y project if you have some seen some malicious information or suspicious data that's indicated on their team just like the standards and factors that op have shared.
The project owners think that it's still going to be the same as other y projects made their fame and wealth through this trend so, they will keep coming.

[senyorito123]

Everyone can add any suspicious y project if you have some seen some malicious information or suspicious data that's indicated on their team just like the standards and factors that op have shared.
The project owners think that it's still going to be the same as other y projects made their fame and wealth through this trend so, they will keep coming.

We can't afford to be scam, so let's be brave to shout out who are these person that kepts deceiving everybody. Suspicious project is hard to determine, and working with it throughout the community will be the best thing to do. Hopefully we will have a telegram group that's moderated without any destructions.

[goaldigger]

Everyone can add any suspicious y project if you have some seen some malicious information or suspicious data that's indicated on their team just like the standards and factors that op have shared.
The project owners think that it's still going to be the same as other y projects made their fame and wealth through this trend so, they will keep coming.

We can't afford to be scam, so let's be brave to shout out who are these person that kepts deceiving everybody. Suspicious project is hard to determine, and working with it throughout the community will be the best thing to do. Hopefully we will have a telegram group that's moderated without any destructions.

They can be the same person just like the scam project before, don’t fall on this trap. Listing on UNISWAP is indeed easy and some project already warns about their fake counterpart so its our job to know if its legit or not. DeFi projects are the trend right now, and scammers are not leaving the market and want some more profit from those newbies who don’t know how to research properly. There’s a lot of Y projects in the market, you can tell easily that they are just a scam project.

[pilosopotasyo]

There's always something like this every time there is a new hype they are just riding the waves, these developers are good in creating hype on their projects and investors should be very careful on projects that is just riding the waves, you never know, after the smoke is gone you will end up nothing.

[tabas]

Everyone can add any suspicious y project if you have some seen some malicious information or suspicious data that's indicated on their team just like the standards and factors that op have shared.
The project owners think that it's still going to be the same as other y projects made their fame and wealth through this trend so, they will keep coming.

We can't afford to be scam, so let's be brave to shout out who are these person that kepts deceiving everybody. Suspicious project is hard to determine, and working with it throughout the community will be the best thing to do. Hopefully we will have a telegram group that's moderated without any destructions.

Who to shoutout if they are hiding their identities in the shadow. It's best to shout out the project if you have find them very suspicious based from your own understanding and standards that you have set. Just like OP did, you can conduct your own research if you're into it.
Telegram channels are just the same, they can also be manipulated and sold unlike threads in the forum.

[Mighty_crypt]

My friend fell for a scam ($ 80) recently.
I'll tell you how it was:
A fresh promising project entered the market, but the team announced that the contract had not been developed by them yet, but would appear a few days later, after the promo on binance.
The scammers created a contract with the token name like the above project. Then they poured liquidity into UniSwap. They made fake airdrops to the Eth network to create the visibility of the holders.
After exchanging at Uniswap ETH to their coin, the coins came to the wallet.
But the trick was that these coins could not be exchanged back for ETH, contract error (even if there was liquidity).
A few days later, the scammer removed the liquidity and got his black money.
So be careful. Look at the contact, it should be with a green mark on the etherscan.io.

The scam project did Promo on binance? That's impossible, maybe the scammers use binance exchange name to fool investors? They can even use binance image or banners and merged it with their fake project name, I'm sorry to hear this, we really need to be careful around new ERC20 tokens because this is the favourite network for the scammers

[michellee]

The scam project did Promo on binance? That's impossible, maybe the scammers use binance exchange name to fool investors? They can even use binance image or banners and merged it with their fake project name, I'm sorry to hear this, we really need to be careful around new ERC20 tokens because this is the favourite network for the scammers

I think the scammers can easily modify the domain name into something similar to binance. And if we are not careful to check the domain name, we can get into their trap and they can easily steal our private information. The scammers will always be there, and they will find so many ways to trick people and get their money. We only need to be careful if we read or see something suspicious.

[masterrex]

Thanks for exposing this potential red flags with those projects that you mentioned, Even me I also notice that most of the so-called new Defi projects have used the same name or just fork from the existing platform particularly the name Yearn, the most common name in the new Defi projects, Aside from that project team is anonymous, no whitepaper no roadmap and many more, for me that was quite suspicious so it's better to avoid that projects for the sake of your own funds.   

[EMV]

Thanks a lot warning.  Unfortunately, this is a small part of such projects.  If you go to telegram and see the various distributions of DEFI projects, it becomes scary.  Now everyone creates projects and tries to deceive honest people.  Guys, be careful.  You need to check the project 1000 times before investing.

[AndRE177]

Thanks for exposing this potential red flags with those projects that you mentioned, Even me I also notice that most of the so-called new Defi projects have used the same name or just fork from the existing platform particularly the name Yearn, the most common name in the new Defi projects, Aside from that project team is anonymous, no whitepaper no roadmap and many more, for me that was quite suspicious so it's better to avoid that projects for the sake of your own funds.   

Scammers often try to pass themselves off as another project or at least show that they are somehow connected with this project. This is especially common with the popularity of the decentralized exchange Uniswap, where some people choose coins by name and do not look at smart contracts. If you choose coins for trading in this way, you can confuse a real coin with a fake from scammers.

[tvplus006]

...
Also be careful with UNISWAP, listing coins on uniswap is very easy so don't think that every listed DeFi projects on uniswap are real, most DeFi projects are from unqualified fake devs that are just trying to get into your pocket. Few of these projects are already listed on uniswap already.

Yes, it is true that Uniswap is full of fake tokens, but there is nothing to be done, since this exchange is decentralized and everyone can add their own token for sale. To avoid becoming a victim of fraud, you need to check the smart contract of the token you want to buy before purchasing.

[Ridwan Fauzi]

This is something that I always be worried, Uniswap will not have a spesific rule to know the project is scam or not. Many project will just add on the Uniswap and being traded by most people ans I know that is the worst thing to see.

So, I don't think this booming will take a long time. We can take an example like that and also we can take how all DeFi price token right now, most of them are plunged a lot. Like I have a DeFi token with the amount 0.4 a few days ago 0.4 was priced $120 but now 0.4 just worth $20 and this thing will just make DeFi project end with scam.

[xiboothrezi]

Actually, there is nothing wrong with DeFi, it's just that a lot of scammers are using it to trap investors with their fake, half-baked projects. We all have to be careful, especially more than 80% of defi projects that were previously successful have experienced a deep enough decline, this teaches us time management and analysis funds so as not to be late and get caught in losses.
OP has provided warnings and detailed reviews regarding projects that feel suspicious, thank you for sharing. This is an important warning for all of us to want to learn more and not be easily provoked by the DeFi title.

[Jawhead999]

This is something that I always be worried, Uniswap will not have a spesific rule to know the project is scam or not. Many project will just add on the Uniswap and being traded by most people ans I know that is the worst thing to see.

So, I don't think this booming will take a long time. We can take an example like that and also we can take how all DeFi price token right now, most of them are plunged a lot. Like I have a DeFi token with the amount 0.4 a few days ago 0.4 was priced $120 but now 0.4 just worth $20 and this thing will just make DeFi project end with scam.

If you worried why you need to invest in DeFi project? Literally you can easily avoid and stay away from any DeFi token.

Some people are getting rekt, but there's also some people who made good profit with DeFi token.