Josemendez
Verified member
Defi is an acronym for decentralized finance. It was a platform started mud 2020 , to curb away the effect of third parties in cryptocurrency transactions,and given every cryptocurrency user an opportunity to have total control over his cryptocurrency transactions .
When the defi projects were first Introduced , many people loved the project because if the decentralized nature of it , however scammers saw this as an opportunity to make quick money , and thus they decided a means to scam people through building of fake Defi tokens ,and launching of their presales .
Investors after being scammed by these Defi projects , turned their back on Defi projects. It was only few people that stick to Defi projects.
Nevertheless , Defi projects are still rising despite these setbacks .
When the defi projects were first Introduced , many people loved the project because if the decentralized nature of it , however scammers saw this as an opportunity to make quick money , and thus they decided a means to scam people through building of fake Defi tokens ,and launching of their presales .
Investors after being scammed by these Defi projects , turned their back on Defi projects. It was only few people that stick to Defi projects.
Nevertheless , Defi projects are still rising despite these setbacks .
