DeFiChain Airdrop Review: Also Get $25 Worth of DFI for Each Referral

About DeFiChain Airdrop

DeFiChain Airdrop is a blockchain specifically dedicated to decentralized financial applications. By focusing on the functionality of the blockchain and dedicating it specifically to decentralized finance, the DeFi Blockchain provides unparalleled high transaction throughput, reduced risk of errors, and intelligent feature development specifically to fulfill financial services on the blockchain.

DeFiChain has airdropped DFI to BTC holders in a 500 DFI per 1 BTC ratio back in September 2020. You can stake your DFI coins on Cake to earn 37% APY interest rate. Cake is a platform that empowers you to be in control of your finances by creating cashflow and harnessing the potentials of Decentralized Finance.

The DeFiChain Airdrop Foundation is developing DeFiChain, a blockchain specifically dedicated to decentralized financial applications. By focusing on the functionality of the blockchain and dedicating it specifically to decentralized finance, DeFiChain provides unparalleled high transaction throughput, reduced risk of errors, and intelligent feature development specifically for the fulfillment of financial services on the blockchain.

Step-By-Step Guide

1. Create an account at Cake Defi.
2. Verify your mail and log in.
3. Complete your KYC verification.
4. Now make a deposit worth $50 of any supported currencies.
5. You will get $50 worth of DFI coins if you’ve signed up using the above referral link else you will get only $20 worth of DFI coins.
6. Also get $25 worth of DFI for each referral.
7. The rewards will be locked for 180 days in the Confectionery program but you will automatically earn 37% interest during this time.
8. Also earn up to $750 in DFI as a bonus for referring and up to $2,000 in DFI for becoming the highest referrer.
9. For more information regarding the airdrop, see this article.

The Problem

Today, almost all financial services are run by banks. Investments, for example, by definition, is the use of capital to earn more capital. Investors use a bank to put their money into interest or dividend-making instruments in order to grow their wealth. The problems with financial services are increasingly becoming obvious to everyone: compounded costs due to middle(wo)men, slow transactions, delays for cross-border transactions, and inaccessibility to many sectors of the population. A myriad of fintech solutions have been brought in to improve the system, but fundamentally the underlying banking system is still in control, so fintech has brought only limited improvements.

Cryptocurrency and Decentralized Finance (DeFi) offer a way to start with a new system, circumventing the difficulties faced in changing the finance industry. While crypto has attracted billions in investments, decentralized financial services are lagging. When it comes to investment in cryptocurrency, crypto investors can buy and sell, but that’s it. The cryptocurrency itself cannot be invested in the same way fiat currency can be. Initial attempts to create peer-to-peer lending and asset tokenization so far have proven partial and unreliable, so investors have extremely limited options when it comes to an investment of their cryptoassets. The potential is enormous to provide financial services in crypto, the same way they are offered in fiat currency.

The Solution

DeFiChain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market. DeFiChain is a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry. DeFi provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput, and security.

The function set includes among others:

• Decentralized lending
• Decentralized wrapping of tokens
• Decentralized Pricing oracles
• Decentralized exchanges
• Transferable debts and receivables
• Decentralized Non-collateralized debt
• Asset tokenization
• Distribution of Dividends

The Post-Fintech Revolution

From trust-based to trust-less, decentralized finance overcomes what Fintech could not solve in traditional finance.

Benefits of DeFiChain

Variety

Wide range of crypto-economic financial operations.

Throughput

DeFiChain Airdrop Unparalleled high transaction throughput for all transactions.

Security

Turing-incomplete for reduced attack vectors.

Development

Rapidly create a variety of DeFi apps on one chain.

Governance

Reliable decentralized governance, on and off-chain.

Immutability

Immutable by anchoring to the Bitcoin blockchain.

Designed and engineered for decentralized finance dApps.

Lending

DeFiChain Airdrop Borrow and lend through collateralized systems.

Wrapping of tokens

Work with a variety of cryptoassets, directly, on-chain.

Pricing oracles

Collect data from other chains and non-crypto markets.

Exchanges

Direct peer-to-peer trading between cryptocurrencies.

Transferable debts and receivables

DeFiChain Airdrop Work with transparency not possible with institutions.

Non-collateralized debt

Loans based on reputation and verifiable credentials.

Asset tokenization

Tokenize equity, real estate, and other holdings.

Distribution of dividends

Automatic investment payouts with smart contracts.

Built-on-Bitcoin

DeFiChain marries the best of Proof-of-Stake, with the security and immutability of Bitcoin.

Decentralized and distributed

DeFiChain Airdrop nodes are distributed globally across datacenters in the US, Canada, Europe, India, Singapore and Australia.