Feels like we are going ICO round 2 all over again

[isaac_clarke22]

~

We're in a circle.

And what we're looking at is the same hype as the ICO did. But did it last long? no. That is the reason why other speculators see that the same fate will come next to the defi projects. Scam projects will proliferate this industry and investors will keep away from it.

The established will stay but mostly won't.

I thought this was for reals lol. It was insane when ICOs were like getting big back in the days. I don't think that ICOs are gonna return though if ever there's such round 2. Can we assume that IEOs, STOs, etc were like the round x of ICOs ?
Hype never ends for different trends but it ends in each trends at a specific point, cause of what we known as scams.

[Ozero]

I believe that the Defi craze today has a slightly different from the ICO craze before, Because the ICO craze in 2017 is far larger than of today's Defi hypes combine inputs, But I agree that it was the same method is used to attract people to invest in the Defi projects just like the ICO projects before, It happens today just like the old times.

Fraudsters will always be where you can deceive gullible investors, and especially where there is still hype around new projects. Therefore, it will absolutely be natural that a significant part of DeFi projects will subsequently die due to fraud, ineptitude of the ICO team, uselessness of a token, or for other reasons. However, a certain part of DeFi projects will still be useful and this will be enough for DeFi projects to develop. The main thing is that their idea is generally quite useful. If not for fraud, ICOs remained the easiest and most affordable form of fundraising to create new tokens. It's just that this kind of activity needs organizational regulation.

[plr]

Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again

People should have learned from the lesson of the past that they should do diligent research on what they are investing and do not go for FOMO or hype, they have nothing to blame but themselves if they still fall into an obvious scam, these tokens that are being listed in UNISWAP are useless tokens with are bringing nothing to the table, and to the community.

[Mame89]

It looks like the excitement over DeFi continues, but it's good to remember that something bad can happen so stay wise and be aware that the unwanted might repeat itself as an ICO once triumphed in its time and then left so much disappointment for deceived investors. , by a fake project project.

[lousie9]

I don't know if Defi is a 2nd round ICO or something. but I know or I feel that DEFI is an investment tool to get a good profit for now. I don't support it, it's just that I enjoy it as long as DEFI can be a tool for profit, so why not? The most important thing is that you have to be wiser, be able to manage your finances properly in order to minimize the risk of loss, be it the risk of losing money or being trapped in FOMO Defi.

[bryant.coleman]

Exactly this time the ICO was held on the DEX and they happened faster with less money. DEFI projects are attracting a large amount of ETH, sometimes they raise funds for an ICO using other altcoins on Ethereum. These projects quickly increase in value and then fall in freefall. Although ICO-sponsored projects have no clear origin, everyone involved is very active. They are trading quickly for a profit exit soon. Those who came later all suffered losses.

Well.. this has happened multiple times in the cryptocurrency sector. When the ICO craze was at its peak, I personally knew a few of my friends who received as much as 20x profit from a single ICO. Even the bounty hunters were having such a great time.. many of them were earning as much as $1,000 or $2,000 from a single campaign. But all this vanished within a few months. Late entrants had to be satisfied with whatever breadcrumbs they could collect.

[lienfaye]

Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again

Its quite normal to see the investors taking advantage whatever the current hype is. Its because they want to earn specially if these projects are promising a good return. Thats why if you bite the offer make sure that you're aware of the risk on investing in defi and for not taking time to research if this is worth to invest in.

[New_order]

DeFi and ICO aren't the same thing, DeFi is a use case and ICO is fundraising events for new projects, even there hypes are different, ICO projects are of different types and they have different ideas and teams too, many ICOs are dead today but some still survives, DeFi in general is the same but scammers are building theirs just like they did in ICO days but it's very easier to avoid DeFi than ICO in those days

[laredo7mm]

Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again

This already started. Some projects like YAM and Sushi show major dumps and by this time being many projects will be dead or left by the developers. Only strong projects and projects with real benefits will remain in the market. You feard that sometimes like in 2017 ICO will happen and I also think the same way. Many people who join the DeFi market late will lose their money probably.

[Anarchy101]

I think the DeFi era was really successful in bring out round two of the ICO era. I am seeing new DeFi based ICOs popping out almost every single day and some of which are raising a really good amount of money. But with R2 of ICO scams are back too.

[bakasabo]

i think icos already lost their hype. ios on launchpad rules now. especially ieos on binance platform gives huge gains to the investors. So bnb owners have great advantage since they can get a possibility to participate before listing.

Actually projects still run ICO's, but the number of new projects, compared to 2017-2018 has decreased and these projects prefer not to run bounty campaigns for promotion. That is why there is a feeling that ICO's are no longer on hype. They still are, they still try to raise funds, but this time no one tries to insert blockchain in every project and business.

[Mighty_crypt]

After ICO the crypto market has IEO.

Now, it is all about DeFi. After DeFi, what will be a next one? CeFi as some people tried to spread the confusing term or a different term but with a very minor change from DeFi or CeFi. Do you think about any name for the future trend?

ICO - IEO
DeFi - CeFi - next ?

They are only names and you can forget about names as long as you can see the scam method is the same.

Whatever comes next will all be the same but in different colors, I believe it's all about ideas and no matter how better they are scammers will be ready to take advantage of such ideas and scam new investors, in few more months DeFi hypes will be no more and some DeFi projects will exit scam, only very few will remain

[ice18]

I don't think ICO R2 is needed there are new platforms that offers tokensale like Disx, Trustswap or IEO will still stay in legit exchanges like Binance If you are a project owner and want a good exposure to investors then use legit websites like I mentioned above they are offering a secured way of ICO like DAICo a more improved ICO with token vesting and automatic funds release once they meet target and agreed by investors unlike ICO after crowdsale they can spend money unlimited but in DAICO it not possible.

[trauchot]

There are many top cryptocurrencies in the field of defi, and these cryptocurrencies will be popular for a long time, but most of the unnecessary cryptocurrencies in the sphere of defi will, of course, die after a while, but I think that defi sphere will still be popular next year, and then something else may already appear, so while there is a hype around defi cryptocurrencies, we need to make money on it.

[mirgo1791]

as developer prepared with use of possession on experiencing the early terms of entrance with field of business, the return helps as improving scale on apprentice as pupils and parties on involvement to gains with the modest work on jobs of the development.

[bobyhodob]

I don't think ICO R2 is needed there are new platforms that offers tokensale like Disx, Trustswap or IEO will still stay in legit exchanges like Binance If you are a project owner and want a good exposure to investors then use legit websites like I mentioned above they are offering a secured way of ICO like DAICo a more improved ICO with token vesting and automatic funds release once they meet target and agreed by investors unlike ICO after crowdsale they can spend money unlimited but in DAICO it not possible.

I really agree with what you say because if you always hold an ICO it will make investors not interested anymore, they should go straight to a large exchange that will provide trading volume and can make investors even more enthusiastic to provide full support to the project that is of interest by investors.

[btcdie]

yep, avoid DeFi by promising big returns and does not make sense. Even, most DeFi projects don't list Tim and they are anonim. DeFi Scam, After funding is over, they don't run away right away. The team provides liquidity, farming, etc. as if the project was real and after many joined, BOMM! they fled with millions of dollars. and the new DeFi project is not much different from the previous project, because most of it is just copying and pasting the source code.

[sana54210]

There would be a lot of ICO before we are done. This is not even ICO round 2, this is ICO round 4 actually, the first one was ico obviously, the second ones sto, the third one was IEO and right now we are on round 4 with the defi situations going on. So you can safely assume that we are going to have a lot more as well, we are not going to suddenly have something much different than everyone assumed.

It is not like "oh my god this is different!!" type of situation, it never was and it never will be in the future neither. You will see there will be a round 5 and something brand new will come in a year or whatever and everyone will spend billions on it and we would all be shocked how they are falling for it once again, but they will ignore that and think this is different.

[thesmallgod]

Some of them that did not join because of the hype with intention of making money will stand the test of time. Some of them are developed by the dev team that created some of the first generation altcoins such as the Flamingo token that is developed by the NEO team. Just like we have witnessed the fall of ICO,STO and IEO. DeFi too is going through the same trend but that does not mean there are still not some successful ones

[gabbie2010]

Just imagine if there is no big hype of DeFi projects today will new developers start switching to DeFi potential or build DeFi projects from scratch? No I guess, this is why I think that majority of DeFi projects will die between now and coming year, a painful death I think because they will turn scam, ICO investment websites are full of unknown DeFi tokens that are targeting uniswap exchange for listing, the DeFi tokens have no ANN on this forum and they have low max supply, what's even more disturbing is that people are investing on these coins, I feel like we are going ICO round 2 again

Having an ANN thread here where they ask questions this should have been a very good criteria for investors to screen out fraudulent DeFi projects but many investors don't care they choose to invest blindly hoping to earn a huge return having been promised huge and bogus bonuses while at the end they fell to scam, and there many more obvious factors that needed to be considered, once the DeFi token is listed on Uniswap exchange most investors just throw in their funds.