I haven’t been writing about my personal experiences in the crypto space for very long, but I am more excited than ever to be writing about The Animal Farm and my ensuing strategy! The obvious reference to the George Orwell novel published in August of 1945 is thematically perfect for this DeFi project in my opinion. A group of underappreciated animals who band together in order to create a more equal, free, and happy society.
The Animal Farm
First off, I would like to be extremely clear… The Animal Farm is an official partner of the DRIP Network, and I am a Cryptozoa member. So if you don’t believe DRIP is legit, I encourage you to move on to the next article! Or, even better, stick around… maybe learn a little more about this project and how it will work to further stabilize and decentralize the DRIP token. For those of you unfamiliar with DRIP there is additional info at the end of this article.
As part of the larger DRIP strategy, their dev team has already launched “Layer 1” aka the Manor Farm. I’ll admit — I missed out on this one… big time! And that’s why I’m so pumped about “Layer 2”, The Animal Farm launching later this week!
Animal Farm Mechanics
The Animal Farm has two native tokens — DOGS and (you guessed it!) PIGS. These tokens will balance each other and allow for a multitude of options for folks who want to take full advantage of the platform. The specific mechanic details as outlined below can be found HERE.
I’ll comment again on how the strategic partnership with the DRIP folks will both increase the demand for DRIP and will continue removing DRIP from circulation (It is in limited supply). Again, this is part of the broader scope to continue stabilizing DRIP in general.
PIGS are the governance token of the platform. When staked in the PigPen, you are an owner of the farm. This means earning a high yield BUSD dividend and you’ll have voting rights on future proposals presented by the dev team.
DOGS are the native farming token. They can be earned in the farm and pools. DOGS are taxed at a 6% base on all transactions and 3%, additionally, when you sell. Taxes in The Animal Farm, similarly with DRIP taxes, help to keep the project stable and sustainable.
There is also a Referral Component that will earn a 3% commission on the rewards generated by anyone you refer. And yes… I would love for you to use this LINK to let them know I referred you! For the greater success of any DeFi project, the word has to get out somehow… There will be marketing efforts, advertising, and also word of mouth!
Another new and unique component to this project is the DDSCA. Wait what!?! The Dynamic Decentralized Supply Control Algorithm — It’s the first yield farm ever to use this algorithm to determine the farm’s emission rate for DOGS and PIGS. Read through complete details in the Layer 2 Section of the Farm Mechanics.
My Overall Strategy
It’s no secret that early adopters of any new crypto farm generally stand to be the most successful. I don’t see any reason for this to be any different! Barring any unforeseen circumstances, The Animal Farm should be launching Thursday February 3rd. Here’s exactly what I plan on doing!
I’ve already swapped my coins to BUSD to be ready as soon as the site goes active. Side note — and it should be obvious… Don’t stake or play with money that you can’t afford to lose. I think they taught that in Crypto 101! Ok, back to the business at hand.
As soon as the tokens are available for purchase, I’ll be using PancakeSwap to purchase tokens and LP tokens. I’m going to use 60% of my BUSD and purchase as many PIGS as possible to be staked in the PigPen in order to earn more BUSD. Next, I’ll use 30% and determine how many DOGS I can buy in conjunction with BUSD to create a DOGS/BUSD LP Token. The LP token will be staked on the Farm to Earn more PIGS. And with the remaining 10%, I’ll stake BUSD in the Pool in order to earn more DOGS.
And so the round robin begins! I gave up watching coin prices on a regular basis because price swings give me heart burn. Instead, I now primarily focus on coin growth. This strategy will be no different. I’ll use my PIGS to earn BUSD. BUSD to buy more DOGS/BUSD LP tokens in order to buy more PIGS. I can’t wait to see what it looks like 30 days from the launch!!!
I’ve shared an excel spread with my folks already in the DRIP community — if you’re interested, feel free to reach me on Telegram at CryptOpenSource. This is not the only strategy out there, but I know how much it helps me to have a game plan documented ahead of time.
Alternate Positions
There are many different options to stake, farm, and pool with The Animal Farm that I didn’t detail out in this read. Here is a graphic from another Cryptozoa member (Thanks NITECODA for sharing!) that shows a slightly different strategy, but you can see how all of the coins are used in a circular manner in order to increase the number of overall coins.
Closing Thoughts
Ever heard the term “Pigs get Fat, but Hogs get Slaughtered”? I think the irony of the Orwell story applied to this DeFi project would indicate that the pigs are destined to be replaced. Does that mean that The Animal Farm won’t last forever? I don’t have the answer to that. But what I can tell you from being in the DRIP Community, and especially as a Cryptozoa member, that these folks really do want what’s best for everyone involved. I don’t believe that the development strategy and using referrals or teams are intended for anyone to be “left holding the bag”. It looks to me like they are trying to build lasting stability and added value to a crypto token that is really gaining recognition!
If you’re reading this and think it’s too late or you’ve already missed the boat…stop over thinking it! Come on over and find out first hand why you haven’t!
The Shameless Plug — Join My DRIP Team!
I love to code, watch movies, and enjoy writing about whatever comes to mind! I’m also a huge fan of cryptocurrency! I recently discovered DRIP and now there’s no turning back! If you’re interested in crypto it’s definitely worth researching!
DRIP is also an official partner with The Animal Farm! This will continue to help stabilize and decentralize the DRIP network!
Message me on telegram if you want to learn more! CryptOpenSource
What is DRIP?
DRIP is a DeFi project that is intended to provide passive income in a low-risk, high reward contract. DRIP tokens are purchased and then deposited into the Faucet, where they earn 1% each and every day! You can choose to Hydrate (compound) or Claim to pull the DRIP token out back out. That’s the skinny version at least! Read more about it here: What the heck is DRIP??
How to Start
Go to https://drip.community/fountain and exchange BNB for DRIP.
If you’re a total newbie and need a roadmap, read this easy to follow step by step guide: From Zero to Hero. Or ask questions in the Team ChatThen Go to: https://drip.community/faucet, and scroll down to Get a Buddy. You have to enter a Buddy address in the Referral section:
My Buddy: 0x8dBF8F3f36eeb70d5670697556351CD1a774b8DB
(You can click the “Buddy Detected” button if you use the link above to get there.)Then scroll back up to Deposit and deposit at least 1 DRIP (Ensure you have enough BNB left over to pay for the gas fees ~.01 to get started)
You’re setup on DRIP. Get ready to receive 1% daily!
I am part of the Cryptozoa DRIP team. We are a global community of DRIP enthusiasts who are welcoming and helpful. We converse on our own private Telegram group where we share DRIP tips, strategies, breaking news, and more. If you would like to be in the conversation, please join the Cryptozoa team (by getting into DRIP and using my Buddy address above), and then head over to the Cryptozoa Team Gateway. You must be in the DRIP Network to join so have your Buddy ID handy, and be sure to tell them you’re on team CryptOpenSource!
Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links