Scammers are attracting investors by promising insane APY returns through the DeFi crypto project. Paybito Chief Raj Chowdhury says sound knowledge and awareness can prevent victims.
Palo Alto, California., June 11, 2022 / PRNewswire-PRWeb /-Experienced crypto investors remain vigilant for projects that falsely guarantee incredible annual returns. Proof of Stake (PoS) DeFi protocols often present astronomical APY forecasts and encourage investors to bet native governance tokens. PayBito Chief Raj Chowdhury emphasizes how sound investor research can prevent potential losses.
Cryptographic analysts acknowledge the fact that most of today’s crypto DeFi products exist solely to raise investor funding. Fraudsters may propose projects with annual yields (APYs) well in excess of 1000%. Expert investors check the sources of yields and validate their potential in terms of scalability and sustainability. Sources of income, such as interest on capital borrowing transactions, are more legitimate than random token emissions.
“DeFi economics rooted in real-world revenue systems is always more reliable than tokenomics derived from deceptive means,” said PayBito, a prominent blockchain pioneer.
Token inflation is often used to fund protocol reward incentives. They are primarily unsustainable and anointed investors as stackers, lenders, or liquidity providers. Therefore, it is essential to know the point of yield divergence. Legitimate sources may include transaction fees instead of computability. We may also propose to replace liquidity with transaction fees.
“Billions of dollars worth of fraud occur each year and deceive crypto investors with unrealistic APY. As investors ignore the potential reality of volatile crypto, the associated risks and loopholes Often overlooked, the importance of prioritizing security, balance, and active associations across crypto ventures.
PayBito, led by Chowdhury, is a US-based digital asset exchange with operations around the world. As a frontrunner of integrated cryptocurrency forex technology, the exchange features multiple trading options with state-of-the-art blockchain architecture, security and regular updates. PayBito recently announced discounts on all white label crypto exchange solutions that offer institutional investors the opportunity to challenge crypto trading services.The company contributes to the entire world of global cryptocurrencies and provides services united states of americaUnited Arab Emirates, United Kingdom, Canadamore.
The rapid growth of the cryptocurrency DeFi sector has gained mainstream recognition, with some investors putting wealth across projects that promise high annual returns. It is imperative to validate the yield source to prevent making a bad investment in potential crypto fraud.
Raj Chowdhury is Managing Director of Hash Cash Consultants and Paybito. Raj pioneered Blockchain Technology’s first interbank trade finance and remittance implementation between the two largest global banks. Raj is a prominent voice in the areas of Blockchain and Cryptocurrency and is actively involved with policy makers in this area. He is a contributor to Economic Times, Business World and CNN Money and advises industry leaders on blockchain adoption. He is a member of Asha Silicon Valley, a non-profit organization dedicated to educating children in emerging countries. Raj, the author of the book “The Dark Secrets of Silicon Valley,” is an investor in blockchain and cryptocurrency companies and an active member of the charitable community.
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Source Raj Chowdhury
