I believe in blockchain technology, decentralization and decentralized applications and finance, but I'm extremely cautious about any hype, because when a hype runs out, some projects will close instantly and it's impossible to guess in advance whether you chose the right one. What do you think about DeFi? DApps are already proven themselves, will DeFi prove themselves too? Share your thoughts below
The concept is really novel and great and so does the ICO, the idea behind ICO was to collect funds for producing real products but that is not what we saw as everyone wanted to raise money but never did anything substantial and the idea behind DeFi is having financial services without the help of banks and other financial institutions and the concept is really great but we should expect scammers to try their hand in the market as well.