The DRIP Network
The First Deflationary Daily ROI Platform
If you have made it to this website, odds are you have already heard about drip network and how it’s changing people’s lives. I’ve put together this DRIP Network guide for folks who are interested in learning about how to become a drip investor, but are not quite sure where to start.
How It Works
What is drip network? The DRIP Network’s Faucet is a low-risk, high reward smart contract that operates similarly to a high yield certificate of deposit by paying out 1% daily return on investment up to 365%. Players can compound and extend their earnings through deposits, hydrating (compounding) rewards.
The simple explanation: Deposit money into the contract and receive 1% returns on your initial investment every 24 hours. You can claim your 1% daily or compound(hydrate) your earnings for a larger return.
Investment Example Scenarios
Scenario 1: You deposit $1000 into the DRIP Network contract and do nothing other than claim your 1% over the course of 1 year.
If the price of DRIP remains static, you’ve made $3,650 off of your initial $1000 investment. A stellar ROI if you compare it to most traditional investments.
Scenario 2: You deposit $1000 into the DRIP Network contract, but this time you compound your earnings every 24 hours for the next 365 days.
Pretty amazing, right? Your initial $1000 is now worth $37,783!
How Can DRIP Be Sustainable With Such A Potentially High ROI?
The tokenomics of the DRIP ecosystem are quite ingenious. The developer of the DRIP network designed the platform with long-term sustainability as his primary goal. To accomplish this, the contract employs a taxation system on all transactions. But wait, taxes are a bad thing, right? In most cases I’d tend to agree, but this may the one instance where taxes are your friend. Here’s the breakdown:
When you deposit DRIP there is 10% tax. Let’s say bought 1 DRIP token and deposited it into the contract. You would actually only be depositing 0.9 DRIP
When you claim a DRIP reward there is 10% tax
When you sell DRIP there is a 10% tax
When you hydrate (compound) your reward there is 5% tax
There is also a Whale tax. A “Whale” is crypto slang for someone that has accumulated a very large portion of the asset. A person that has reached this status will be taxed additionally based on the percentage of the total supply owned. The Whale tax matrix can be found on the DRIP whitepaper
That’s a lot of taxes, especially when you consider that most players are compounding every single day, so where does it all go? Tax revenues are sent to a pool and it’s out of this pool that you are paid your rewards. Now that we understand the taxation system, let’s run through a simulation with applied taxes on the DripFi Calculator. In this example, you’ll see exactly what your investment balance and daily payout would be after 1 year of daily compounding at DRIP’s current price.
In this Scenario, will use the original $1000 investment based on DRIP’s current $125 price:
DRIP Is Deflationary
Another important aspect of DRIP, is that it’s a deflationary token. Once you make a deposit into the contract, that DRIP is burned and gone forever. As with anything in a free market, when the supply goes down, the prices goes up. At the time of creating this site, the price of DRIP is about $125 per token. It still has plenty of room to go much, much higher. You are by no means late to the game.
What Are The Risks?
I would be remiss not to mention the possible perils of this venture. Like any other investment, whether it be cryptocurrency or traditional, there is always a chance for loss. The one variable in this equation is the price of DRIP, which can work in your favor or against you. Could the price of DRIP go down to $1? Yes, technically it’s possible, though highly improbable. This brings me to another point I should reiterate. Once you make a deposit into the DRIP contract, it is locked forever, meaning that you cannot retrieve it. This is why the DRIP network is a deflationary system. To recover your investment, you must take the distributions over time. Though this may seem unpalatable at first, but it lends to the high improbability of the price rapidly tanking.
DRIP will not likely make you rich overnight, but with a moderate amount of patience and the right strategy, significant gains can be made. The strategy part is very simple.
Set a goal for yourself
Do not invest more than you can afford to lose
Hydrate, Rinse, Repeat
Take some profit along the way. Many people alternate days, claiming on some and hydrating on others. Hydrating more frequently will help you achieve your goal faster, but it never hurts to recover your initial investment out along the way.
Build a team – Referring others to DRIP will provide you additional rewards. For more information, see the whitepaper
Don’t focus solely on drip network price. DRIP is a long play, so even if the price goes down, frequent compounding will easily overtake fluctuations in price.
Ready to Get Your Feet Wet?
Ready to join the drip community? Here’s what you’ll need to get started:
Binance Coin (BNB) – this can be purchased on several exchanges such as Binance.com, FTX.com, Binance.US and Crypto.com
A Metamask, WalletConnect or Binance Chain Wallet. I recommend using Metamask, which can be downloaded here
A buddy referral address – 0x755B5415164374eceCec6044323AFb4803487A9c
Head over to the exchange of your choosing and purchase some BNB. Transfer your newly purchased BNB to your wallet. If you are using Metamask, you will need to add the BSC network to it. If you need help getting this setup, you may refer to my Metamask Tutorial page, or reach out directly to me via the contact form below. Once your BNB is in your wallet, head over to the DRIP Fountain contract page. Connect your wallet to the contract and then you can make your first BNB / DRIP exchange.
Once your wallet is connected, enter the amount of BNB you want to spend, then click buy. Note that currently there is a 1 DRIP minimum for deposits, so you’ll need enough BNB to purchase for at least 1 DRIP. IMPORTANT: be sure to leave some in BNB in your wallet to cover gas fees. You can not interact with the contract with a zero BNB balance. You don’t need much, but it’s a good practice to always have $10 – $15 reserved for transactions.
So now that you’ve purchased your DRIP, it’s time to switch over the Faucet page and make your first deposit. Once your on the Faucet contract page, the last thing you’ll need to do is enter a Buddy address. Copy and paste this address 0x755B5415164374eceCec6044323AFb4803487A9c into the buddy field, then click update. You now can make your initial deposit!
And that’s it! Now just come back once a day and smash that Hydrate button!
By using my buddy address, you will be joining my team. Team airdrops will be sent weekly and you can contact me at anytime with questions or concerns. For more information, please reach out via the contact form below. Also, see my Resources page for additional information on DRIP.