Can you trust Defi projects??

[Kong Hey Pakboy]

Investing, especially in big amounts is not that easy, there are a lot of factors you need to consider, First of all, to see if the project is legit or not, by checking their whitepaper to see if it has anything to say? if it's plagiarism or not?
and after that, you need to check the taxonomic of the project if you don't want to get dumped under seed investors!

for a new project, it will be more difficult to prepare an investment. the research has to be more in-depth if you don't want to get dumped as you say. therefore I prefer to invest in assets that are already on the market up and running. I missed the new DeFi project hype this year. but I do not regret it because the market is also experiencing good growth. and the investment I made was profitable.

Beginners or newcomers should only risk their money in a coin that has been successful and has been existing a long time ago, like Bitcoin, LTC, ETH, XRP, BNB, and other top coins in the crypto market. So they would not experience a larger amount of losses instead of risking their money in a DeFi project that is not 100% sure that they make a profit from it. I think DeFi project can be trusted, but not all of them because I see many of them have fake airdrops and giveaways posted on different social media sites.

[bubbalex]

Do not trust DeFi projects, there are too many scam DeFi projects online now, if you want to invest on a new DeFi project make sure it's not a small project, make sure it's big enough to become successful easily, thy will have big numbers of partnerships and they will attract big investors easier, DIA and Aave are good example of big project, check them out and compare

Indeed, not many good projects exist, it concerns not only DeFi. Whatever the market is, there are always a lot of scams on it, they are where there is profit. Now the DeFi is booming, so most of the scams are in this area and I would be very careful in choosing projects. There are already several dozens of Uniswap Forks, from which there is no real value, except the promise of 1000% profit. There is no easy money, sometimes there are successful investments, but it is almost impossible to earn a huge sum just like that.

[btcdie]

Hello , as my hobby , again um doing my  research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..

Reasons are :

• Partners
• Team members were directly contacted by me
• Active Telegram group
• One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i

[And i read the white paper ,but I coudn't find a wrong with that , tell me if you found any issue]

, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..

The first is that you don't include a website or anything that could refer to the project. I can't comment on the project, because I searched on google with the keyword "medicalVEDA" I was confused to find the project you were referring to.

DeFi is Hight risk. do not try to follow others without your own research. The reasons you mention are representative, but look at their use cases again. Keep in mind, projects that look convincing sometimes fail too.

[mirgo1791]

with uses of casuals that pupils work on customs with the uniforms, pupils to gains with masses of work from developer and might with the following terms to connects on gathering network as the decision on occupying use with product and service from developer.

[Bitbuffalo]

Hello , as my hobby , again um doing my  research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..

Reasons are :

• Partners
• Team members were directly contacted by me
• Active Telegram group
• One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i

[And i read the white paper ,but I coudn't find a wrong with that , tell me if you found any issue]

, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..

Have you seen fiscus.fyi before? They combined DEFI and gambling dapps! And NFT's incoming! $uFFYI $FFYI

SO yeah need the DEFI tech to be used in other applications. Like Fiscus for example. Now you can gamble without an account and sign ups. You bet right out of your metamask, the community can fund the bankroll hence fully decentralised!

[sana54210]

They may have lots of partners that may seem good to you, but what about their team, are you sure that they will be able to carry out what they have said?

Will they put in a lot of hard work and promotion to fulfil their promises and manage to keep the project at the top?

Projects try to partner with other well known partners just to gain trust, but the possibilities of them being successful lays on the shoulders of the team that carries. And this is not the first time I am seeing a healthcare project on crypto, I hope this one is going to be something different.

[inverstorloisa]

Tell me your opinions against my reasons and if you have

I do not know that you have done proper research about this project because it's  IEO is not running on any good exchange at all. I think Exmarkets has listed a lot of scam projects in the past. If you want to invest knowing this then go ahead. However, if I find anything suspicious about this project, I will inform you

That's the issue, OP didn't have enough evidence to buttress his facts by calling the project a good and Chinese project. If actually the former teacher had made his investment with the project and was able to make such huge amount of profits; then what I see is pump. Wait a seconds: hope OP isn't trying to promote this shitproject to forum members? Because I smell something fishing with this project.

Mistake ---> its not a chinese project , its a canadian project ...

[inverstorloisa]

Mistake -->  according to my research and i have find that company of Meidcalveda INC is incorporated in Ontario,Canada

sorry for the mistake...

[Mealea]

Those listed reasons are not strong enough to make you put your resources in a project, you need to be very careful if you want to invest in any project, the fact that your teacherade some money does not guarantee that you will make money if you invest in a project suggested by your teacher. Try as much as possible to DYOR.

[Baimovic]

I don't really know about the project. but if you think it's good then just do it, it's just that my advice don't be easily tempted by high investment returns, try to reconsider before you put money in it, especially if you invest only based on a friend's reference. to minimize losses it is better to invest in BTC.

[makishart]

I don't trust every defi project now because little happy for holding old some defi project. I don't give you advice for investing in all defi projects but if you can got best defi project then you can do. I think totally depends on your target keep follow best defi project.

None will try to invest or put all of their money into the same basket and that's the stupid thing that can be done by someone who have been putting his money into the defi projects.
The defi project itself has a very very high risk as without the audit in the contract and people can't reveal the shady things that have already created by the defi team. It's not all but mostly defi were scam .
People must try to care with their capital rather than use it to invest or betting in the shittiest scam defi projects.

[xiboothrezi]

Mistake -->  according to my research and i have find that company of Meidcalveda INC is incorporated in Ontario,Canada

sorry for the mistake...

It doesn't matter, everyone's been wrong.
Before talking about projects, I want to suggest that investing because following other people is not a wise way. You have to do your own research and understand the risks and the right strategy, that's the best way for you to "get out" before you actually lose. Well, the DeFi project is pretty good if the product is relevant and truly tangible, but when it comes to health, it doesn't seem like a good fit. After all, there are so many health-themed projects in the crypto world that have ended in vain, if you insist on getting involved with this, you have to be prepared for big risks.

[Valak]

Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that.

Seeing the current development of DeFi, many companies are using the name DeFi to convince investors. However DeFi tokens are experiencing a drastic decline. I think that will happen to all DeFi as well. If you want to invest, then consider it well.

[Arch Crypton Game]

The 2 nd point is quite considerable point , How did you talk with them?? is it a Video call?? or Audio call??
1 st point is important ,but you should check weather it is true or false

[lifeinmountain]

no due to the hype of Defi, now most of project are coming in this space to scam people. and its very risky, if you think.jts easy way to make money. i suggest you think. twice do more research before investing in new defi project where we don't have any information about team members and other information about the project.

[bitterguy28]

Hello , as my hobby , again um doing my  research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese canadian project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..

Reasons are :

• Partners
• Team members were directly contacted by me
• Active Telegram group
• One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i

[And i read the white paper ,but I coudn't find a wrong with that , tell me if you found any issue]

, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..

Mistake --> This is not a Chinese project , This is a canadian Project

If you are in doubt?then better not to continue specially in those Defi projects like this because there are many of them that is just riding the popularity of defi but in the end will scam people.
I'm not saying this is a scam project but better be careful.

[nomenclatur]

buy investment IEO is actually one that is very risky because of the purchase of coins very project risk Defi is still good for the project Defi really has a good purpose for your investment because the investment in Defi should option observant and cautious of the project that you get losses are high enough Defi looking for a project that really legit it should be but it was quite difficult to project legit normal usually have a loan program and stake  just perfect for their investors.

[Mpamaegbu]

The real question should be — Can you trust any project at all?

Almost every new project this day is including DeFi to its makeup, even when it clearly doesn't have anything to do with decentralized finance, just to deceive people. Well, the thing for me is that I won't invest in any ICO that is on a medical project to start with. I did that in the past and I know the setback I suffered on that. The DeFi angle to the project OP wrote about doesn't even sit well with me, notwithstanding. However, it doesn't mean the project won't succeed or all that. Though I will advise those putting in their money on it should only invest money they can afford to lose. The risk is there.

[suparigach]

Defi good project. However, no project can be called good. When it comes to doing something like a project, many scam projects copy. Then a good project can no longer do well.

[MonsterV]

do your own research before investing , and only invest what you can afford to lose, not all active project ended with good in price, i know the key succes of project are strong community they have, but if their team are making shit at end of ieo, the project will dead.