You'll temporarily get $40 in DFI for signing up with a referral link, and depositing $50 in any supported crypto! I'd recommend depositing LTC for the low transaction fees.
Usually, it's $30 for signing up with a referral link, but between 11-25 April, you'll get another $10 for the Easter promo!
Apart from that, there's another $10 you can make from the Cake DeFi 'Learn and earn' quizes, which you can find by clicking 'Learn' in the menu bar. You can earn $5 in DFI from the DeFiChain quiz, and $5 in BTC/DFI liquidity pair from the Bitcoin quiz.
DeFiCain quiz answers:
Question 1: How can DeFiChain be described in one sentence?
Answer: A - DeFiChain is a blockchain dedicated to Native Decentralized Finance for Bitcoin.
Question 2: What is Decentralized Finance?
Answer: B - Decentralized Finance are all types of financial applications without the need of a third party intermediary like a bank
Question 3: What are the benefits of #NativeDeFi?
Answer: C - Native DeFi is more secure than non-Native DeFi because the consensus happens directly on the native blockchain layer, instead of getting compiled and running through a virtual machine like on Ethereum.
Question 4: What are the main ways to earn incredibly high yields with DeFiChain?
Answer: B - Staking and Liquidity Mining offer great and easy ways for anyone to earn block rewards with over 50% yearly returns.
Question 5: What is DeFiChain’s Decentralized Exchange?
Answer: D - DeFiChain’s decentralized exchange is the cornerstone of most decentralized financial applications in the DeFiChain ecosystem, enabling trading, liquidity mining and more
Bitcoin quiz answers:
A - Bitcoin is a decentralized digital currency which was created by Satoshi Nakamoto in 2008. Anyone with an Internet connection can either send or receive it as a form of payment, but it can also be used as a store of value. It is the world’s first-ever cryptocurrency.
C - The Bitcoin network allows users to send and receive bitcoins in a peer-to-peer manner and without any central authority involved. These transactions are verified by nodes and are recorded as blocks on the blockchain. Miners compete to append these blocks and are given rewards if successful.
B - Bitcoin transactions are recorded as a chain of blocks, with each block containing a collection of valid bitcoin transactions and a hash of the previous block up to the genesis block in the chain.
D - PoW, alongside the chaining of blocks, makes modifications of the blockchain extremely hard - hence, making the Bitcoin network secure and less prone to malicious attacks.
D - All of the above
Let me know if you have any questions!
It's time to get your Invitation.codes account too 😎