Post
Topic
Board Altcoin Discussion
Re: Do not fall for all DeFi HYPES
by
aemma
on 29/07/2020, 19:45:53 UTC
Lately, there is a craze regarding DeFi projects. Looking at the solutions being brought into light which is basically to leverage decentralized networks and to transform old financial products into trustless and transparent protocols which is able to run without intermediaries. However, scammers will use this hype to their advantage as well. Do your research carefully before investing in any project, hype or not. Do not fall for just any project which claim to be DeFi projects. We are so excited that we may forget ourselves and just looking forward to the profit if the value of the token increases. Let's not let our guards down as we are not in normal times. God bless!

Although it is hard to say but, I still believe there will be people who will fall for the scam ones, because seriously the hype is just too much and many people will be caught in the web of hype thus being taken unawares when scammer starts their games. I agree with every being said, hype or no hype making research on any project before investing is the best way to go about it. Defi project's concepts are good but it's hype is getting out of hand thus everyone should be careful and take appropriate actions to protect their funds from scammers.