Rezerw

The name of the project is kind of funny, Yam token lol. What is the project even all about, because I tried visiting the website and was getting some warning, so I decided to go back. And the name is just like they never put any thought into choosing a name for the project.

People have to be careful about projects like this, you can’t trust these kind of things because mere looking at the few things I have seen about it, I don’t need anyone to tell me that the project is not going to be a good one. The warning I was getting on their website is saying that anyone that wants to engage with contract has to be very careful. You can check their website – yam.finance, I don’t know for you guys, but that’s the warning I am getting. I didn’t bother to go further than that.

When there’s a hype, scammers will always take opportunities to scam and fool people so if you see any project that is suspicious better to stay away and of course warn other people not to invest.

Looks like a Yummy product that can eat all your money later on, and a Meme name is not good at all. DeFi is very hot and prone to many scammers and hackers just like the ICO before. Don’t support any scam project because its not worth it and you’ll lose your money for good.

YAM isn't a scam but a failed DeFi project, the team are non professionals that's why there is issue with the smart contract, if this project has good foundation it should recover back but I guess not, I'm sorry for those who invested on YAM project

yearn.finance (YFI)
https://ycosystem.info/
https://coinmarketcap.com/currencies/yearn-finance/
https://twitter.com/iearnfinance/status/1285608609565597698
"The token is to manage the platform. If you aren't interested in managing the platform, stay away from the token."

What do you think it is?
The token has grown from $ 35 to $ 10,000.

its a very funny scenarios, a painful one for those who bought at high price. there is something about cryptocurrency that you have to know which is that everything is trend and it occurs every three to four months. now its seeming as if defi project is the only project but very soon it will go low and we move on till the next wavy idea comes on and people will jump on it. people need to understand this and do things with caution.

Maybe probably defi will be here for a while I will suggest people use extreme caution the way the handle their funds, some project are not really worth the risk FOMO is just real and it will be good to know how to handle that effectively I still FOMO but sometimes is better to give a project a month or 3-weeks runtime to see how it turns out

Defi are scams not sure but currently they are performing very well. They are good for current days. In future  we do not know. We should not hold it for long time.

i dont trust new token that launched in uniswap , recently many new token there and price could soar more than 5x only in few minutes or hours. even this token could beat best project in crypto market that already exist for years.in my opinion YAM and other token that launched in uniswap only speculation to pump and dump. it will die in several months later.

As far as i know YAM is not a scam, it was just a case of the bugs in their software or coding or programming or smart contracts whatever the correct term is, so i think it will be sorted out, there will be either a swap or the same coin will be reinstated with necessary improvements.