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Nairaland Forum / Nairaland / General / Investment / How To Spot A Scam Defi Project (176 Views)
$470,000 Lost On A Dog-motivated Defi Project By This Cryptocurrency Investor / Learn How To Make Money With New Defi Project / New Defi Project (2) (3) (4)
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How To Spot A Scam Defi Project by altcoinng: 3:58pm On Aug 12, 2022 |
Another trend on par with NFT and meta-universes is DeFi (decentralized finance), sometimes known as decentralized finance. In order to offer quick and transparent transactions with low commissions, decentralized finance was developed as a counterpoint to traditional financial tools. DeFi does, however, come with significant risks in addition to rewards, such as fraudulent ventures. Rug pulling is the process by which a team abandons a project, withholds any liquidity, and causes the native token to lose value. How can one spot shady practices in an unregulated setting? read more: https://altcoin.ng/how-to-spot-a-scam-defi-project/ |
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