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DeFi tokens / "Baby" DeFi tokens - short term hype, or long-term hold?
« on: July 28, 2021, 03:18:52 AM »
Hi all,
Interested in your thoughts on whether these new "Baby" DeFi tokens that have been coming out the past few weeks, such as BABYCAKE and BabyXRP, are just short-term hype coins or potential long-term holds.
I've been doing a bit of research, and some tokens with low (sub-1 million dollar) market-caps, such as BabyBUSD, are reporting that holders are earning anywhere from $100 - $300 in BUSD per day simply by holding the tokens. I took a look at BabyBUSD and it seems legit - active team and community, liquidity locked for 10 years, contract ownership is renounced, and a TECHRATE audit is underway. I got this information from their telegram: @babybusdbsc and their website: babybusd.net
I think that these kinds of tokens could be the future of DeFi, but I'm also aware of the hype surrounding them. What do you guys think?
Interested in your thoughts on whether these new "Baby" DeFi tokens that have been coming out the past few weeks, such as BABYCAKE and BabyXRP, are just short-term hype coins or potential long-term holds.
I've been doing a bit of research, and some tokens with low (sub-1 million dollar) market-caps, such as BabyBUSD, are reporting that holders are earning anywhere from $100 - $300 in BUSD per day simply by holding the tokens. I took a look at BabyBUSD and it seems legit - active team and community, liquidity locked for 10 years, contract ownership is renounced, and a TECHRATE audit is underway. I got this information from their telegram: @babybusdbsc and their website: babybusd.net
I think that these kinds of tokens could be the future of DeFi, but I'm also aware of the hype surrounding them. What do you guys think?