Is the DeFiGroups site a scam project?
The world of digital currencies is full of attractive, practical, and, of course, sometimes scam projects. Many people have become rich with the help of cryptocurrencies, but many have lost their assets in this market. DefiGroups is one of those projects likely to lead to a major scam. If you are unfamiliar with this project or have been influenced by its promotions and promises before, be sure to read this article to the end. Knowing the features of this project will help you not to become prey for DeFiGroups developers.
What is Defi Groups?
DefiGroups is a platform that allows users to buy and sell stocks with tokens. Defi Groups claims that the platform will revolutionize the field of stock sales. They say they can make a big difference with blockchain technology.
Now a warning has been issued about the DefiGroups project. The FINMA Institute said the Defi Groups project could be a scam. This warning was obtained after reviewing and recognizing the project.
Why did the suspicions about the Defi Groups project increase?
The Defi Groups project aimed to use smart contracts to manage processes. The main idea is almost creative and workable. However, when it comes to credibility and trust, there will be challenges in the minds of users and experts.
The Defi Groups Foundation urges investors to purchase tokens for the collection. The noteworthy point is that the owners of this project refuse to announce user protection programs. For this reason, the FINMA Institute described the Defi Groups project as worrying. According to the institute, the project managers’ plans have serious and important ambiguities. The question is, why not go for safer cryptocurrencies to invest in the digital currency market? Many digital currencies have made it possible for users to deposit and receive periodic benefits. Numerous financial software has been developed that provide reliable and logical ways to earn money. In this cryptic world, one must look for a secure platform for investment.
The DeFiGroups project raises interesting ideas, but its implementation plans are flawed. Some investors in this project may lose all their assets. Unfortunately, the support team and Defi Groups site do not even answer users’ questions, and all calls and emails remain unanswered.
DefiGroups token sales events
Pre-sale stage
The DeFiGroups project has a pre-sale event. This event consists of two stages. The first pre-sale phase is scheduled for June 5, 2022. This program will be held for ten days, and 30% of the rewards will be offered.
The pre-sale program is designed to grow exponentially in a short period. The price cap for the first sale event is $ 2 million. It seems a little difficult to expect such a goal to be achieved.
The first stage of sales
The first sale event will be on August 26, 2022. The event will last 15 days, and a 30% bonus will be offered to investors. The event ceiling for the event is estimated at a maximum of $ 2 million. There are no restrictions on the second stage of the sale. 
The second stage of sales
At this stage, investors will receive a 10% bonus. The date of this stage is October 27, 2022, and the duration is ten days. There is approximately $ 3 million in funding to host this event stage. The total available tokens are 100,500,000 units.
The maximum available token is 175,500,000 units. 15% of the total supply will be allocated to project consultants, and 24% will be stored in the Development Fund. Another 3% will go to project community users in prizes and rewards.
Diff Groups site incentive programs
According to the Defi Groups website, 5% of the volume of each investment will go to the inviting person. This encourages users to invite friends and family to invest in the DeFiGroups project.
Therefore, the risk of project failure and a sharp decline in asset value is very high. In this case, the project is not liable for the loss of users, and investors are to blame for the loss of assets. If you invite your friends and family to invest in this project, you may end up with a big financial disaster.
Defi Groups Development Team
All projects strive best to represent the development and expertise of team members. This will increase the credibility of the project. However, the DeFiGroups project has no plans to do so. Just visit the Defi Groups website. There is no section to introduce the development team.
The identities of the developers of this project are unknown. Therefore, it is unlikely that after raising capital, the Defi Groups site will be permanently out of reach, and the project will be destroyed in a few seconds. This is another reason why FINMA is dangerous to read the Defi Groups platform.
Support status of defi Groups site
The only way to communicate with Defi Groups support team is through a ticket (internal messaging system). There is no news about the office and the company to visit in person, and the announced address is unreal. Only one email address is provided, which can not be a reason to trust the Defi Groups project.
DeFiGroups company documentation
defi Groups website has not provided any document on the company’s registration. To be clear, this project is completely illegal. There is no guarantee that sales events will take place. Therefore, the Cinema Institute has the right to be suspicious of this project. 
Defi Groups Partners
Defi Groups site has put the logos of different companies on its pages, but it seems that there is no official and big cooperation, and only the logos of these companies have been used. On the other hand, there is no way to confirm transactions. Although it is claimed on the Defi Groups website that the platform was designed with blockchain technology, this is not a convincing reason to resolve the ambiguities. It is also possible to deposit money in cryptocurrency and dollars to this platform, but there is no specific method for collecting tokens.
Summary
Defi Groups was introduced with a lot of noise, but it soon lost its credibility. Various institutions have questioned the credibility of this project. After examining all aspects of the project, the Cinema Institute Group has concluded that Defi Groups is likely to be a scam project.
