Post
Topic
Board Altcoin Discussion
Re: DeFi - the niche within a niche and incredibly small community
by
OcTradism
on 22/09/2020, 14:11:08 UTC
Most DeFi tokens are concentrated in hands of Top 500 Holders!   https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

If that is true, DeFi is like a sandbox game, with a very limited amount of players actually playing. Observing this from outside the crypto bubble it´s concerning that DeFi, while a good idea and worth investing, has such a small holders community.

Could that be a problem in the long run?
Those DeFi tokens will be called as CeFi tokens later. People are misleading with the DeFi term. They are greed and ignore the centralization of those projects and tokens. In the past, they were greed when Ripple (a centralized cryptocurrency) hit its all time high.

The bloody lesson in the past won't help them nowadays when they again think that they can double their capital in few hours with new DeFi tokens. Centralization is never good in cryptocurrency. The lesson of greed developer from SUSHI project is not enough to wake them up.