This feel like the scammy ICOs of 2017 all over again. Will these create a pump and reversal with all of the ETH that these coin makers are getting? Or are the projects like yfmoonbean and ymax simply not large enough to effect change?
How sustainable are all these Y-projects?
>ICO
Traceable, required real money to pump price
>Defi scams
Not traceable, leaders are anonymous, very easy to make the market cap whatever the fuck you want to it be, just enter a number and BOOM. That's your new market cap, then rug pull whenever you want.
They both mainly require ETH though, and at their core, it's exchanging ETH for a token you hope will outpace ETHs growth. As long as you don't get rugged (which is getting more rare as these projects legitimize), I don't really see the difference.
As scammy as they are they do make money if you play them right. I just drop a couple ETH into each one and take profits aggressively as it pumps. YFMB is the next play I want to hop on, check them out. They actually have a real website and contract for the pre-sale.
gg/C7EWHAR
Already interested and in the discord, thanks. Although I'm still looking for opinions on the impact of these defi projects on the eth ecosystem as a whole. Defi is doing a number on eth and making gas fees insane, is that going to open up a chance for a better blockchain platform to step in?
Thanks, do they have a telegram?
Theyre not sustainable and are literally useless besides getting the devs rich. What happens after farming? Nothing. Later this week I will shill the best play of Q4.
Obvious discord trannies. KYS fucking faggots.
literally useless is what people said about chainlink, RLC, noia, and polkadot
every project has to start somewhere. the real ones will make it
Just look in the discord. Its all right there