Quote from: someone703 on Today at 07:30:56 AM

Quote from: flagpara on August 04, 2020, 05:14:52 PM

We are in the DeFi projects session, right? I'm very curious to know how new projects realize that this is the time for DeFi projects. One legit project can build a coin in a few days. So many projects have focused on the DeFi system. My question is, are these projects legit or is it just a plan to grab the investors' money on this DeFi hype?

There are a few projects that are legal, but there are also many scam projects that take advantage of this hype to get money from investors. It's very similar to ICOs in 2017 and I've seen it before, so be really careful when investing in Defi projects.

The defi projects werent really new, some project like chainlink and bancor already in the market for quite long which also represent a decentralized financial. It's just that defi project now is on hype and getting more projects. Before ICO is popular and we will soon see defi being part of history like ICO, IEO did.