What do you think about DEFI ?

[BF-Fi]

Hi ,  I know im not the first one asking this , but i need to know about your experiences with these defi coins , Because in last 2 weeks i was allocated my time to analyze a project , name of that project is '2local' .  They are  a loyalty platform powered by its own ultra-fast blockchain that supports local-2-local and sustainability . So , do you think that this concept is a good one ?? All the other facts are okay , I need your opinion on this project..

[1714556509]

1714556509

[1714556509]

1714556509

[1714556509]

1714556509

[1714556509]

1714556509

[1714556509]

1714556509

[imutlinda]

Not really familiar with DeFi but I was curious since you bought it up here I'll be waiting for other users reply, so far I've been seeing a lot of attacks and scams in DeFi project right until now I have doubts on investing to DeFi projects.

[BF-Fi]

Not really familiar with DeFi but I was curious since you bought it up here I'll be waiting for other users reply, so far I've been seeing a lot of attacks and scams in DeFi project right until now I have doubts on investing to DeFi projects.

yeah thats right , there are so many scam projects here , but i dont think this project is a scam one , because they have come a long way...

[Wahyuihib]

'2local' is not the first project to shift to the Defi system. as we know, if Defi is the option used by all current projects. Most of the concepts that are carried out are owned by each project is the same, only from several different systems.

[Tahid12]

"2 local" is an old project, still ongoing since 2019.and few months ago i heard about "2 local", able to raise good fund from their token sale and partnership with some project.but no idea what is going to happened! Cause now almost each new project come in market, claim themselves as defi token and then scam after taking our fund. So its hard to predict about any defi project, at ths moment

[articlecity]

Hi ,  I know im not the first one asking this , but i need to know about your experiences with these defi coins , Because in last 2 weeks i was allocated my time to analyze a project , name of that project is '2local' .  They are  a loyalty platform powered by its own ultra-fast blockchain that supports local-2-local and sustainability . So , do you think that this concept is a good one ?? All the other facts are okay , I need your opinion on this project..

I am positive about the future of defi projects, you have asked about a specific project 2local but I would refrain from commenting because I have not used this platform before so if you think the team and project is legit with solid backings then you can definitely hold their coins confidently.

[terrific]

It is a good concept but that's nothing and the same projects that have almost identical offer didn't go long.
What's with your analysis? do you see that it is sustainable in the long run?
I'm only giving what I've seen in the past that there were projects that has the same rewarding system but eventually, became low in volume.

[elisabetheva]

It is a good concept but that's nothing and the same projects that have almost identical offer didn't go long.
What's with your analysis? do you see that it is sustainable in the long run?
I'm only giving what I've seen in the past that there were projects that has the same rewarding system but eventually, became low in volume.

As far as I know what you are saying is the fact that the concept is already good and works well and as in fact many projects are quite successful. but every new concept that arises there will always be many who abuse it for their own interests and the team to make profits. so that in the end many projects do not work, aka a scam, even if the value offered is not met until it is completed. thus bringing a lot of disappointment to investors.
it seems that it doesn't make any difference with every project from ICO, IEO and now Defi might come up again.

if the one who moves it is intended to cheat, then whatever system is made it will not produce good results. for that always be ready so as not to experience ongoing fraud.

[Eddyc]

Analyzing my previous answers and with a more intense deepening on the topic I can agree with some comments above and say that DeFi is an excellent technoliga and can change the crypto market but due to the saturation of the topic investors tend to run away or look in a different way different from what is proposed. So I believe that the developers' initiative should change and look for a new way to encourage people to use this technology.

[Cryptomiles1]

looking into this project, the are lot prospective, if all the parts you made your research is okay then you have to bear the risk of doing your investment. you many project are moving to DeFi as this not first project that migrated. 

[New_order]

DeFi projects are the most hacked crypto projects this year, this proves that DeFi isnt a safe platform for investors money, DeFi isnt perfect yet and its full of flaws, be prepared for anything if you plan to invest on DeFi because they are more risky than other crypto projects today, i as a person only risks 1% of my money on DeFi

[JeffBrad12]

"2 local" is an old project, still ongoing since 2019.and few months ago i heard about "2 local", able to raise good fund from their token sale and partnership with some project.but no idea what is going to happened! Cause now almost each new project come in market, claim themselves as defi token and then scam after taking our fund. So its hard to predict about any defi project, at ths moment

If that's true and the performance of 2local is not impressive. That means if this project didn't get a lot of attention from the defi users and speculators. That idea that's taken by this project sound quite difficult to be a real thing for sure.
i do believe if this defi will be another low-tier defi which has a lot of probability to be the next scam defi. If this is an old defi and that doesn't make sense the performance of this defi is still underrated while the majority of mainstream defi came this year.

[awakpane]

In my opinion, the concept and vision and mission of the 2Local project looks good, but many Defi projects have failed, especially the Defi project based on the Ethereum platform on average suffered losses because one of Defi's weaknesses is the unaudited protocol Defi smart contract which allows misuse of use funds stored are not transparent either by developers or from hacker attacks.

[Twinkledoe]

In my opinion, the concept and vision and mission of the 2Local project looks good, but many Defi projects have failed, especially the Defi project based on the Ethereum platform on average suffered losses because one of Defi's weaknesses is the unaudited protocol Defi smart contract which allows misuse of use funds stored are not transparent either by developers or from hacker attacks.

And most of the time, the project failed because of inside job. Most of these project creators especially in DeFi are just here for quick money. How many defi platforms have you seen to have a working platform? I am certain, most of them are still not operational. But do they really have the intentions to produce a working platform? I don't think so. The real mission of DeFi is great but it is now shrouded with scam DeFi projects. Most of them will go down without a trace.

[optimisticcm]

Hi ,  I know im not the first one asking this , but i need to know about your experiences with these defi coins , Because in last 2 weeks i was allocated my time to analyze a project , name of that project is '2local' .  They are  a loyalty platform powered by its own ultra-fast blockchain that supports local-2-local and sustainability . So , do you think that this concept is a good one ?? All the other facts are okay , I need your opinion on this project..

Defi is the future of banking and finance but it will take some good years to develop high quality ecosystem and products based on defi, I know some projects that are working to provide the necessary coding and infrastructure for defi platforms that will also help them offer more products and services so future is bright for overall defi sector.

[Ezravdb]

Do you mean this project https://twitter.com/ex_markets/status/1336226665731674112?s=19

 I browse the 2Local project via Twitter because I've seen this project previously launched a Bounty on the Bitcointalk Forum.  In my opinion, this project used to carry the Exchange concept but recently switched to the DEFI concept.  If my suggestion do some research before you invest in the 2local project because they run IEO on small exchange Exmarket and Latoken.

[terrific]

It is a good concept but that's nothing and the same projects that have almost identical offer didn't go long.
What's with your analysis? do you see that it is sustainable in the long run?
I'm only giving what I've seen in the past that there were projects that has the same rewarding system but eventually, became low in volume.

As far as I know what you are saying is the fact that the concept is already good and works well and as in fact many projects are quite successful. but every new concept that arises there will always be many who abuse it for their own interests and the team to make profits. so that in the end many projects do not work, aka a scam, even if the value offered is not met until it is completed. thus bringing a lot of disappointment to investors.
it seems that it doesn't make any difference with every project from ICO, IEO and now Defi might come up again.

if the one who moves it is intended to cheat, then whatever system is made it will not produce good results. for that always be ready so as not to experience ongoing fraud.

It does work for some at beginning but in the end, it doesn't work anymore.
Projects that are into it can't sustain their loyalty program and rewards if there's no other source for the rewards unless it's just a very minimal that they're giving out.
It is attractive in the sight of investors but on the side of developers, they have to make sure that there's enough funds for it.