Not about to pretend that I’m the be all expert and understand every single nuance of the DRIP Network, but I’m writing this for folks like me. Folks who are curious enough to learn more about DRIP. Folks who wanted a little more than the 30,000 foot view, but don’t need to know how the sausage is made!
DRIP is a crypto project that was created on the Binance Smart Chain. It is designed to provide passive income through smart contracts in the world of Defi. The base foundation for DRIP is the Faucet which pays you 1% on your investment every 24 hours! You can choose to either “Claim” and pull that 1% return of the DRIP token value out of the Faucet or “Hydrate” and compound your earnings daily. Strategies on hydrating and claiming vary, but join my team and we’ll discuss that in greater detail!
Team? That’s right! DRIP does contain a network marketing like component. Not that you need to do this to own DRIP or benefit from the Faucet or any upside potential value of the token itself, but there are opportunities for rewards and tax sharing.
Is this another Ponzi Scheme? How is it sustainable?
This is not a scam token or site. The Founder and Primary Developer of DRIP, Forex Shark has a history of Defi projects… none of them have “rugged” or scammed players out of their hard earned dollar bills. Instead, the tokenomics behind the contract ensure that the 1% APR is paid daily via a comprehensive set of taxes that fund the payouts. There are also some built in limits, as well as a set number of tokens to be issued that also act to solidify the sustainability. Speaking of the taxes, the basics are as follows:
Purchasing DRIP in the Swap area is not taxed.
Hydrating your available DRIP is taxed at 5%.
All other actions are taxed at 10%.
Find detailed information on the taxenomics here!
So what’s next?
If you’re still not sure if DRIP is right for you, by all means keep digging in and do the research! There is a TON of great information over at Cryptozoa.com.
Then come back to this article so you can Join the CryptOpenSource Team! If you don’t already own any crypto let me suggest Crypto.com. It was an excellent gateway for me and has everything you need to get started… And of course Matt Damon! You do not have to buy CRO specifically, there are a ton of purchase options. Use this referral link https://crypto.com/app/ua9bcxwh8u to sign up and we both get $25 USD! If the referral code doesn’t populate, simply use ua9bcxwh8u and then enter your email address!
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