Post
Topic
Board Altcoin Discussion
Re: Be careful with scam copycats of YFI
by
FontSeli
on 29/08/2020, 21:50:44 UTC
Just an advice from me to you, do not invest in new YFI copycats popping up on daily basis due to the huge success of YFI. We all saw the surge with YFI price currently above 22,000$ which surpasses BTC price right now. This is causing a lot of FOMO and scammers are taking advantage to launch their own scam coins (YFI copycats). Examples are YFIE, YFIS which launched even without website or team information, yet people still FOMO to buy. Be careful please, just a peaceful advise.

These tokens are scams and it is not difficult to understand an experienced investor and a person who has been investing in various projects for a long time. Your advice concerns more newcomers who have now re-entered the crypto market amid the huge growth of DeFi projects. Perhaps you should write something on this topic in the section for beginners.