Here we are again, after thinking we've eliminated the scams from cryptocurrency after things like Bitconnect, Davorcoin, and the thousands of other huge scams in the 2017 bull run. The reimagining and repackaging of the cryptocurrency scam. First we had lending programs, now we have Defi tokens.

The latest in the newly minted line of Binance Chain scams is a coin called $ALICE on Pancake swap. From 10 cents to $47 in one day. The Alice-BNB liquidity pair is earning a whopping 15,556,792% APR (obviously completely unsustainable and absurd). Of course only a few people benefited from a pump while unsuspecting victims will ultimately get stuck with worthless coins.

Harkens back to the wild wild west of microcap penny stock pump and dump schemes in the 90s.  The same type of fraud is occurring with microcap cryptos which are released under new names. Unlike penny stocks which were often defunct legitimate companies, so at least at one time they were a real company. These IDOs and Defi coins are just jokes. Bee.band, Smokehouse. Defi will never recover if this keeps up and will be tossed into the garbage bin of crypto yesteryear. 

Defi is supposed to be decentralized finance. 90% of these coins are neither decentralized,  nore finance.  This cannot continue.

I also have to blame the greed of the individual for chasing these scams and giving the scammers these 300x wins  You will not make money long term. You may hit a few times but all it takes is one miss to wipe out everything. Don't do it!