Post
Topic
Board Altcoin Discussion
Re: Is DeFi hype the same as ICO hype in 2017?
by
GREENch
on 02/09/2020, 18:54:27 UTC
Even if YFI crosses the $50K mark, it does not mean that this success will be long. The initial suplay of this coin was 20,000, then after the vote it was increased to 30,000, but the project does not have an actual limit on the issue of coins, that is, if people support the total number can be increased to any number, whether it is a billion or more. Any project must pass the test of time and prove its worth.
In the case of this YFI DeFi project only time will tell, if it's real or not or just a hyped project we will know, it's just that the price is too high presently and buying it isn't safe, just how I feel about the project you are free to make any choices you like.
Let's just say that as long as the flywheel is promoted and more and more investments are invested in the project, then the dividend payments will go, but as soon as the new hamsters run out(in the same amount as now) then we'll see what's what