Quote from: tippytoes on September 09, 2020, 11:04:45 PM

Quote from: flyeers309 on September 09, 2020, 11:01:15 PM

The new hype will eventually give chance to new scammers and strangely enough, there are still many people who are fooled by the same tactics. This is a lesson for us all even though a new hype has emerged, but research is the best way before you decide to invest.

There will be more of them in the next coming weeks. Right now, some of them are not yet uncovered to be a scam. But once the hype is over, you will see which projects are still standing strong and those which disappeared are only money-grab projects. Investors should not believe those overwhelming promises from these projects. Because a too-good-to-be-true reward or ROI is more than likely a bait for naive users.

It is still profitable if you exit that project early because most current DeFi projects do not have a specific plan and what people care about is only profitability.

I have been involved in a lot of DeFi projects recently but I will sell them as soon as I make a profit because the information about those projects is so small that I can recognize it immediately. Anyway, the scam project is still profitable but the risk is very high if you don't exit early.