My story began with being locked down in my apartment with Covid-19. I tested positive for the virus just after Christmas day. It was an unwelcomed gift from mother nature. I have since recovered and am currently happy and healthy. During my time in quarantine, I spent a good amount of hours researching different ways to supplement my income alongside my current job. Nearing the end of my quarantine, I came across a video online talking about the Drip Network.
After reading the whitepaper and gathering research from other users of the network, I decided to take a leap of faith into the protocol. As I started to learn more about Drip, I began to see the potential in its ecosystem. The creator of the site, Forex Shark Sifu, mentions on the home page that:
“The DRIP Network’s Faucet is a low-risk, high reward 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 as well as through team-based referrals.”
I looked into the developer's past projects he has worked on, and all of them had performed exceptionally well. Doing this research beforehand has helped me decide that it may be in my best interest (no pun intended) to join the project.
To go into more detail about how Drip functions. The money that you deposit into the drip network is locked within the smart contract and is NOT able to be withdrawn. However, the 1% interest you earn daily is withdrawable and will continue to generate you passive income every second of every hour of every day. The awesome aspect of this project is that it allows you to hydrate (compound) these earnings and grow your deposit to earn you more drip, which in turn earns you more money. During this period of heavy volatility in the crypto market, the price of the drip token has been stable and slowly increasing within the last few weeks. Although previous price performance is no guarantee for future returns, I am relieved to know that my Drip holdings will not have huge price swings. The stability of the price is due to the taxes that are charged for transacting on the platform. The developer mentions that:
“DRIP rewards come from a 10% tax on all DRIP transactions excluding buys from the platform’s SWAP page.”
At first glance, it seems like the taxes are high. However, reading more into the brilliant tokenomics of the project, this tax money is used to keep the price of Drip more or less stable. All the taxes you pay from deposits/withdrawals/hydrating goes into the project's “tax pool” which allows for the 1% daily payout on your drip deposits.
I am thankful that I can share this exciting project with all of you. I hope you found the information in this post informative. One more thing I forgot to touch on is that Drip has a referral system. This allows you, as a team leader, to earn on deposits from referrals and give back to your team through airdrops(gifting drip to another member/members of your team). All in all, I feel that Drip is a welcomed addition to my crypto portfolio and I look forward to future innovations within the project!
Join my team and get extra bonuses when you hydrate or deposit!
Steps to get started:
- Buy some drip HERE
- Go to the main Faucet Page HERE
- Locate the “Get a Buddy” section on the Faucet page and copy/paste this address in: 0x2B752787eB0dB357EFea310771e65ea6d1Aa4963
I use the Metamask wallet for all my Drip transactions. Drip Network is a token on the BSC (Binance Smart Chain). This assumes you already have set up Metamask. For more details on how to set up Metamask, with BSC, go HERE.
Once you have the wallet all set up read below to add Drip to Metamask!
Steps to add Drip Token to Metamask:
- Open your in-app browser.
- Go to bscscan.com.
- Search for the Drip Network token.
- Scroll down and copy the token’s contract address.
- Go back to your Metamask wallet.
- Select “Add Token” Metamask automatically updates the “token symbol” and “tokens of precision”.
- You're ready to start dripping!
If you have any comments or concerns about drip make sure you first read the whitepaper and if you have any additional questions you can contact me on my Telegram and I will try and help you the best I can.
*Disclaimer: I am not a financial advisor and anything that I mention in this post is not considered investment advice. Always make sure you do your own research before entering into any potential investment.