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Tuesday, May 21, 2024

DeFiChain Airdrop Review: Native Decentralized Finance for Bitcoin

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About DeFiChain

DeFiChain 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 Airdrop 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 34.5% 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.

DeFiChain and Cake DeFi are jointly airdropping $30 worth of DFI coins to new users. Create an account at Cake DeFi, complete your verification and deposit $50 worth of any coin to receive the rewards. Also get $10 worth DFI for each referral.

PlatformTotal ValueMax. ParticipantsWebsite
ETH$5,000 PBXUnlimitedClick Here To Visit

Step No 1

Register for the DeFiChain Airdrop, by creating an account.

Step No 2

Verify your email & log in to your account.

Step No 3

Take part in the referral program and invite 3 friends.

Step No 4

Join DeFiChain Airdrop on Telegram group & Telegram channel

Step No 5

Follow DeFiChain Airdrop on Twitter & like/share the pinned tweet and tag 3 friends.  

Step No 6

Like/follow DeFiChain Airdrop on Facebook & like/share the pinned post.  

Step No 7

Submit your details to the DeFiChain Airdrop form. 

The Post-Fintech Revolution

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

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

Benefits of DeFiChain

Variety

Wide range of crypto-economic financial operations.

Throughput

Unparalleled high transaction throughput for all transactions.

Security

Turing-incomplete for reduced attack vectors.

Development

DeFiChain 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

Borrow and lend through collateralized systems.

Wrapping of tokens

DeFiChain Work with a variety of crypto-assets, 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

Work with transparency not possible with institutions.

Non-collateralized debt

Loans based on reputation and verifiable credentials.

Asset tokenization

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

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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