Develop A Passive Income Through Cake Defi

Develop A Passive Income Through Cake Defi

By fun2learn | fun2learn | 19 Sep 2021


I have invested and staked my DFI tokens at Cake Defi for more than a year now.

Investing in DFI tokens and staking at Cake Defi is my best investment that I have made since I started trading and earning online in various ways.

I started referring others to join this wonderful opportunity and many have started earning a nice passive income even without investment by referring others to join.

Cake Defi has started a new promotion for Mid-Autumn Festival for us to earn an attractive bonus.

Referral Promotion Bonus

The Mid-Autumn Festival Campaign starts from 16 September 2021 to 30 September 2021.

During this period, those who sign up using a referral link will get $30 worth of DFI after the first deposit of $50 as usual.

As a referrer, we can get earn $20 for each referral. When we manage to refer 3 referrals, we can get an additional of $40. That is a total of $100 worth of DFI tokens.

When we refer the next 4 referrals, we can get a total of $120 worth of DFI tokens.

Below is the illustration from the Cake Defi Website.

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Image Source 

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The free bonus would be locked for 6 months in the freezer that can give us compound interest. Cake Defi offers an attractive staking reward of 72.1% APY at the point of this publication.

The staking reward can be drawn out anytime if we do not locked it in the freezer. Locking in freezer would enable us to earn a higher staking reward.

We do earn the usual weekly bonus of 1% p.a. of our referral investments. I am currently earning about $56 weekly. That is a total of about $200 of passive income that does not come from my investment.

Is it worth investing time and money

When I started investing in DFI tokens, it was only worth about $0.26 and it is currently around $2.59 for each token.

Staking reward was only about 37% then but it has increased so much more now.

When I investigated the profile of Cake Defi, I found out that it is a Singapore registered company with a physical office.

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Image Source 

Cake Defi is regulated by the Singapore laws so it raises my confidence and it is definitely the best investment decision that I have made.

DFI tokens are tokens from Defichain Decentralised Exchange. Both Cake Defi and Defichain are under the same founders.

Defichain has already developed the mobile version for its exchange so it has made it so much convenient to convert my DFI tokens to other cryptocurrencies and vice versa since the transfer fee between Cake Defi and Defichain is extremely low within its Defichain blockchain.

Defichain is one of the rare exchanges that operates within BTC blockchain and it has one of the best securities so far in my opinion since it has never been hacked.

The founder has been extremely transparent with what Cake Defi and Defichain are doing. There are regular videoclips to update us.

Video Source

Video Source

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There are still many more videoclips on youtube to learn more about Cake Defi.

 

Signing Up For A Cake Defi Account

One of the things that may hinder one from signing up is the need for identity verification.

We need to provide documents for verification: -

  • Our identity - our identity card or passport.
  • Our residential - utility bills or anything that has our address and name on it

My referral link was only given to me after I completed my KYC verification.

https://pool.cakedefi.com/#?ref=610483

With the referral link, we can start earning DFI tokens without investing a single cent actually by referring others to join this opportunity.

Most people may be concerned about their personal information being revealed online but I personally feel that Cake Defi is reliable to safeguard our information since it is an officially registered company in Singapore.

It is common to complete KYC nowadays with stricter law enforcement in many countries especially for cryptocurrency.

Below is my referral link if you are interested to sign up and get the $30 worth of free DFI tokens as well as start referring people to earn referral rewards without actual investment.

https://pool.cakedefi.com/#?ref=610483

 

Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth.

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fun2learn
fun2learn

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fun2learn
fun2learn

An educator who often writes educational articles as well as crypto-related articles.

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