Cake DeFi, one of the world’s fastest growing online platforms dedicated to providing access to decentralized financial services, officially marks its second anniversary today with the launch of a celebratory prize raffle for its rapidly growing community of users.
Cake DeFi’s anniversary prize raffle has an allocated prize pool valued at over US$27,000. The competition starts from today and will run until 14 June, 2021, at 21:00 SGT. In order to participate, users must have a Cake DeFi account. For each action undertaken, participants will receive raffle entry tickets. There are up to 85 raffle ticket entries available per user — the more actions completed, the greater the chance of winning.
In order to stand a chance to win, participants must visit this microsite and follow the instructions provided. Winners will be selected at random on 21 June 2021 with the first prize being a sizable US$20,000 worth of DFI. Second place will receive US$5,000 worth of DFI, and third place will be gifted US$1,000 worth of DFI. Fourth and fifth will receive US$500 worth of DFI, and US$100 worth of DFI is up for grabs for the winners that place between sixth and tenth. The total prize pool equates to one of the largest sums ever offered by Cake DeFi.
Julian Hosp, CEO and Co-Founder of Cake DeFi said, “We are thrilled to celebrate our second anniversary and we want to use this opportunity to give back to our rapidly growing and dedicated community of users, who have become advocates of our long term mission and vision. Looking back from 2019, our team has been developing rapidly, bringing new innovations in a bid to create a simple, safe, reliable and transparent service for our users. To truly thank those who have supported us along our journey, we are pleased to announce the launch of our anniversary competition on our second birthday, giving them the chance to win from a prize pool worth over US$27,000.”
Since its establishment on June 9, 2019, Cake DeFi has experienced significant growth and worldwide recognition for its highly transparent and innovative platform, designed to provide users with rewards and returns on their crypto and digital assets. In the past two years, the company has significantly ramped up operations to support multiple languages, and has introduced a variety of innovative products and solutions for its users, with more anticipated in the pipeline.
U-Zyn Chua, CTO and Co-Founder of Cake DeFi added, “I am very proud of all the milestones that our team has achieved in our short history. That being said, this is just the beginning for Cake DeFi and we are striving to deliver more innovative products and solutions for our customers as we continue to look to reduce the barrier to entry to decentralised financial services. We are determined to lead the industry forward through innovation, and have some exciting products in the pipeline that will change the world for the better.”
Cake DeFi is a fully transparent, highly innovative and regulated fintech platform dedicated to providing access to decentralised financial services and applications by enabling users to generate returns from their crypto and digital assets. It is operated and registered in Singapore and is fully compliant with all regulatory requirements of the Monetary Authority of Singapore (MAS).
By enabling and empowering its users to harness the potential of decentralized finance, Cake DeFi aims to educate and inform people around the world on crypto and DeFi in a simple, easy to understand and hassle free manner.