How to know a DeFi scam

[H2O]

Scams DeFI projects has

No Definite whitepaper
No Roadmap
No exact date of exchange listing
No social media community

[wxxyrqa]

The rapid growth of the decentralized finance sector is indeed causing a lot of debate and controversy. projects in response to increased demand are forced to create millions of coins that are junk. It is the demand that creates new problems in the cryptocurrency market.

[Tamsialu$$]

I never believe that DeFi project is all scams. There may be some project scams as it has been seen that any project on DeFi platforms has actually been successful. For this reason, it has been seen that some scammers have swindled a lot of dollars by running scam projects. But I think more DeFi projects are much better and they still have a lot of profit if they invest in the tokens they have.

[Trumpet]

Currently most of the DeFi's projects are scams. Currently the biggest problem with this project is me. If you look at all the other aspects of this project, you must understand that in the project High level project. Most of the DeFi projects in the country are listed on Binans Exchange. At present, this project is bringing a lot of good campaigns to the market. Hopefully this project will improve further in the future

[krypto4uvak]

Thanks for the valuable information. When I start participating in DeFi projects, I always study this information and follow these criteria, but everything goes badly for me (

[Damrai5$]

Scams DeFI projects has

No Definite whitepaper
No Roadmap
No exact date of exchange listing
No social media community

Yes bro you are right. All the DeFi project campaigns that will be scammed can be understood by looking at all the projects. The reason is that all those projects do not have any community or road map on such social media. So we will always notice these issues so we can catch the scam projects ourselves. We invest a lot of time but we will invest after targeting these issues.

[zilzylian]

Until now, I am still looking for a scam DeFi project that cloned a previous DeFi project but hasn't found a list yet.
If it's a new DeFi project and we want to investigate within it, then we need a lot of time doing team audits and code audits on smart contracts.
From the article I read https://academy.binance.com/en/articles/how-to-spot-scams-in-decentralized-finance-defi I think we also need to do an audit according to our capabilities in seeing scam projects in the future

[Tunir Baap]

Currently Most Defi projects are scams. By 2020, we have seen many defi projects being scammed. However, there are many tokens in this DeFi but currently the cryptocurrency is the top exchanger Binans listed.But now DeFi's many good projects are coming. Hopefully by 2021 all of Defi's projects will be scam free.

[fadl4]

Currently Most Defi projects are scams. By 2020, we have seen many defi projects being scammed. However, there are many tokens in this DeFi but currently the cryptocurrency is the top exchanger Binans listed.But now DeFi's many good projects are coming. Hopefully by 2021 all of Defi's projects will be scam free.

The defi scam project will still be around in 2021, so be careful. Maybe we should be more careful in checking new projects at this time, such as the quality of the team and the concepts they have

[Delgboke]

Sometimes is not really easy to discover scam in the Defi cryptocurrency project although there are many of them already in the system, in my opinions any defi projdct with great hype and requesting people to send them etherum is already smelling like scam project in the eyes of people.

[AlviNess]

Compared to the past, most of the DeFi projects are now reliable projects. Currently most of its projects are being successful in the market. But you have shared a lot of valuable information. You are innumerable Thanks for sharing a valuable info with us.

[Jaya60]

The DeFi project was a lot of scams but in 2020.  At that time, the kind of DeFi project that investors had invested in, some investors benefited a lot and many lost a lot of money.  But at the moment if we notice that DeFi project has several tokens whose price is just above the increase.  If any investor can invest in all these creatures, he can finally make a lot of profit.  But there are a few things to keep in mind before investing, so you can definitely benefit.
In particular you will notice that there are no aspects to the scam projector
No roadmap
No social media community

[atjiat]

There is really a lot of excitement around defi projects, and every scammer wanted to get a certain piece of the pie from this industry. As of September 30, 2020, the market capitalization of DeFi tokens has already exceeded $ 16 billion, which was at that time a third of the total capitalization of BTC. I believe that the situation will only get worse and each of us should be more careful before making decisions regarding investments in DeFi projects.

[NANCY]

Made a very nice and valuable topic. How do you know about the DFI scandal? The senior brother has told us a lot of nice things. Hopefully, by posting like this, we will be able to move forward very soon.

[Tnoy30]

At a glance you can easily idenfied a scam DeFI projects..
1. Plagrismed whitepaper
2. Fake website
3. Scam/fake teammates, management
4. Undefined roadmap
5. Fake social media platforms
6. No community

I agree with you. But a foreign friend of mine created the project. Who had no whitepaper. However, the project was not made for fraud. Investors will believe the project has not been successful. Somewhat past the epidemic period. Currently, research is required to invest in DeFi projects.