The Internet Computer Protocol (ICP) is a project that continues to develop its ecosystem with the introduction of new applications. 

One sector that remains active is decentralised finance (DeFi), with the emergence of a new project called DFinance.

Exciting news, DFinance will conduct an airdrop for investors enthusiastic about its products, and this airdrop will be carried out without requiring any investment.

Interested in knowing how to participate? Let’s delve into the following article!

DFinance No-Investment Airdrop Information

DFinance is currently conducting an airdrop for investors interested in its products without the need for any investment or difficult tasks. 

This move by DFinance is quite intriguing because even though there isn’t an application yet, the team has initiated marketing efforts, signalling a new change in the ICP ecosystem which now also emphasises marketing and not just relying on a good infrastructure.

To participate in the airdrop, you only need to visit the DFinance website and scroll to the bottom of the page. You will see an image with a button labelled “Get Started.” Simply click on that button to fill out the form. 

In the form, you’ll be asked for your identity information such as full name, email address, and Telegram account, which will likely be used for marketing purposes. 

Additionally, you’ll need to provide your wallet address or Principal ID, which is the term for a wallet address in the Internet Computer ecosystem.

If you don’t have a Principal ID yet, the easiest way is to install the Plug wallet, which is a wallet from the ICP ecosystem, and create a new account that will then have a Principal ID. To create this wallet, you can visit the official Plug wallet website here. 

Another way is to create your Internet Identity, which can be used for all transaction needs or building applications on ICP. If you want to create your own Internet Identity, you can visit the site mentioned here.

As of now, there are no details on how many tokens you will receive, but it’s better to be early in participating to secure an allocation rather than waiting for clearer information, similar to most airdrops.

What is DFinance?

For those interested in DeFi, DFinance can be an interesting choice for everyday transaction needs, especially if you’re looking for a platform to generate passive income without high fees.

DFinance has three main features: lending and borrowing, staking, and access to the ICP ecosystem launchpad to acquire tokens from new projects within the ICP ecosystem. Currently, the application is still in development, so these features don’t have a tangible form yet.

One of the intriguing aspects of ICP is its relatively low platform fees compared to blockchains, along with the absence of gas fees or blockchain transaction costs. ICP implements a mechanism called the reverse gas model, where users don’t need to pay transaction fees because these fees are covered by the project developers.

Building applications on ICP is akin to the Web2 world where costs are borne by developers, and users can use them for free. The difference is that ICP is entirely decentralised and transparent due to its public blockchain technology, unlike the Web2 world.

This can be a significant attraction for applications in the ICP ecosystem, especially in DeFi, which is often used continuously and can sometimes incur high costs.

DFinance could be one of the projects you monitor because the ICP ecosystem has been busy lately, especially after the gradual increase in ICP prices. However, it’s essential to remember that with new projects, there’s always uncertainty involved. 

So, avoid having unrealistic expectations, diversify your investments, practise good risk management, and allocate funds specifically if you want to explore other areas of the ICP ecosystem. Risks are individual responsibilities.