Post
Topic
Board Altcoin Discussion
Re: Can you trust Defi projects??
by
btcdie
on 20/10/2020, 08:11:52 UTC
Hello , as my hobby , again um doing my  research on new " Defi healthcare " Project. The Name of the Project is "medicalVEDA" and This is a Chinese project. I'm telling about this project is due to following reasons , BUT i have some doubts as well , so that's why i need your opinions before investing to their IEO..

Reasons are :
  • Partners
  • Team members were directly contacted by me
  • Active Telegram group
  • One of my crypto teacher (my friend ) has invested [He has earned 3500$+ profit by investing an another project in last 3 months] thats why im following him i
[And i read the white paper ,but I coudn't find a wrong with that , tell me if you found any issue]

, So these are the reasons , Tell me your opinions against my reasons and if you have invested to this project kindly tell me the reasons for that..
The first is that you don't include a website or anything that could refer to the project. I can't comment on the project, because I searched on google with the keyword "medicalVEDA" I was confused to find the project you were referring to.

DeFi is Hight risk. do not try to follow others without your own research. The reasons you mention are representative, but look at their use cases again. Keep in mind, projects that look convincing sometimes fail too.