How to recognize DeFi scams?

[Hometown]

In order to address this problem, we will focus on a few key points to determine whether a project is good or not and increase our knowledge on how to move before interacting with it
So in a first analysis, we should ask ourselves whether the project is not already in place, because if so it is often not worth the investment or at least it would take deeper research to understand if there are other weaknesses.there are many projects in this area, but if we analyze them more closely, we will see that most are copies of other more famous ones, such as the various DEXs that offer the possibility to trade tokens.more

[Lorix]

The investment certainly requires the team to ask and research. It is important to know about token services. Of course there is a need to increase knowledge. Otherwise there will be a possibility of damage. Financial services need to be well known. What are the future promises, how can the projects be in the future.

[Coin63@]

I don't have enough knowledge about defi project but I also now investing in defi project. I always searching new projects but defi projects are in danger to invest. Before investing in defi one should research more.

[Metha Wulandarin]

Lastly, I invested in a defi project in reef finance and I suffered losses of more than 50% of my total balance, this is purely a mistake from my analysis or maybe the knowledge about analyzing projects is still lacking because when viewed from the roadmap and the partners are pretty good.

[EAA-ALLAH]

I don't know anything about scams DeFI projects but I am sure that I don't never invest in scam DeFI projects without any investigate.

[pealr12]

Almost all project are copies except btc which is original and was created from scratch,  copying from another project is not the main problem, not able to add additional value to what you have copied is the problem, there are some project who have copied some part of a precious project but include some extra features which will make the project different in some ways from the original source, it is all about being creative.

[nomenclatur]

pay attention to how the volume that has a high level of trading will have a good value in the future, how the trading volume that is owned will have the confidence for investors to invest in liquidity will also make investors more interested in investing. The project Defi still has a lot of potential for the project. who actually have a future.

[XM8]

In order to address this problem, we will focus on a few key points to determine whether a project is good or not and increase our knowledge on how to move before interacting with it
So in a first analysis, we should ask ourselves whether the project is not already in place, because if so it is often not worth the investment or at least it would take deeper research to understand if there are other weaknesses.there are many projects in this area, but if we analyze them more closely, we will see that most are copies of other more famous ones, such as the various DEXs that offer the possibility to trade tokens.more

I have no so much knowledge to DeFi Coin. But now I see its popularity has increase. Many peoples are now investigating in this coin. I think this is very protentional coin. But somebody are talking about DeFi Coin is scam. This is very bad pert to this Coin.

[Bad leyar]

DeFi projects are now more advanced than before. The current DeFi project is getting much better. These platforms are now much more advanced than in the past. However, I think it would be much better to invest in DeFi projects in the future. So DeFi is a much better project for investment.

[Criminal]

Now DeFi projects has most strong and very valuable Coin in cryptocurrency. It project already have make change number of. Now every DeFi projects are very good and make strong community. I think deFi is now scam free projects.

[marcsymons]

One of the factors is always about the team. Besides past project experience, just imagine how all these people are going to implement what they have in mind or what they declare. I see projects with huge tech plans and super cool ratings on the most popular trackers, but if you take a look at their team - there are no developers at all, only project managers. So, think twice. Advisors? Look if they really can contribute somehow to a project and not just trade with their face and titles.

[Bitstar_coin]

This is an often discussed topic and as always there is no right answer to it, honestly it is not easy to detect scam project except for the very obvious ones who do a terrible job especially copying the white paper and the content on their website, however it is still very important to pay attention to the team and the project background.

[fadl4]

If I want to invest, I might choose defi projects that are already in well-known markets like Binance. If you want to invest in defi projects that have not entered the market, it will be very dangerous if it is a scam

[Gurujebs]

Sometimes, the developers behind these Defi scams remains anonymous, hence the need to easily detect this scams are very slim.
At times, it's better you don't buy at all, wait when they list on any official exchange, then you may buy if you are holding for long time otherwise, there is high chance of falling into one especially those who participated in presales and Ico.

[hushpupppy]

There are no special way or particular way to recognize scams; this is why you must always do your own research before joining any tokensale; At the moment; there are idos around for defi platforms. do your research before investing.