Drip cryptocurrency promises users steady returns that could reach as much as 365%; however, these figures could be overstated.
Order Drip with the Fountain Contract to avoid initial tax of 10%, but make sure that enough BNB are left over to cover gas fees and hydration needs.
Decentralized governance
Drip is a community-backed cryptocurrency offering daily returns of one percent (1%). Users deposit tokens into Drip’s Faucet contract and leave them to compound for up to 365 days; using platform transaction taxes that would normally go towards developers as user returns on investment.
DRIP is supported by an established team and clearly laid-out roadmap for development. Their focus on improving DRIP token’s utility serves as an indicator of its potential success.
Kyle Solomon, Drip’s Founder, is an electrical engineer with extensive technical knowledge and an enthusiastic drive to lead. His experience in building IoT and embedded systems has been instrumental in developing its ecosystem; furthermore he contributed key tools such as FROG Pool, Adosia, Spacecoins to Cardano; additionally he created Drip Players Telegram Group which offers personalized support to new members.
Faucet contract
The Faucet contract is a staking smart contract that allows players to take advantage of passive earnings by earning a daily 1% return (365% maximum payout) on their DRIP passively, compounded through regular deposits and team referrals. Furthermore, whale tax may apply when holding large amounts of DRIP; however this tax can be offset through low gas fees on Binance Smart Chain.
The contract functions like a crypto faucet, dispensing small amounts of tokens to users over time. It accepts both DRIP and Wrapped BNB (WBNB); adding WBNB will generate dividends across both dividend streams.
Start by depositing DRIP into the faucet contract, clicking “Detect Buddy”, and using Hydrate/Compound’s Hydrate/Compound feature to increase your available balance 1% each day (you can claim this money at any time; 10% tax applies), before using Hydrate/Compound again automatically to hydrate any interest into your Deposit balance (excluding airdrops).
Community engagement
Key to any crypto’s success is community engagement, achieved via social media and dedicated forums where users can exchange views. This keeps projects relevant and competitive within their respective market spaces.
Drip Network’s platform features an innovative staking and rewards mechanism, enabling members to generate passive income. Staking their Drip tokens in a staking pool enables members to earn yield farming rewards while re-compounding investments; airdrop participation or inviting others onto the platform also provides dividend income streams for sustained dividend earnings.
The Drip Network token (DROP) is a blockchain-based platform that enables users to deposit cryptocurrency and earn daily dividends of 1% over an entire year. While investing in crypto may seem attractive, keep in mind that every transaction incurs a 10% transaction tax; this applies for deposits, claims, recompounding, transfers and airdrops alike.
Secure wallet
Drip Crypto is a decentralized cryptocurrency offering decentralized support for projects and individuals alike. Users can create flexible token streams that they can pause, top-up or cancel at their discretion; furthermore it features an encrypted wallet without fees added on top of network gas costs – meaning all user data remains under their own control.
Current levels of Drip Crypto are over 100,000. Launched by two anonymous accounts known as Forex Shark and BB in July 2021, its popularity has steadily grown over time and represents a promising investment opportunity.
Drip cryptocurrency can be stored in any BEP-20 compatible wallets, such as Binance Chain and Trust Wallet. Exchanges may pose additional risk by being constantly online (or “Hot”) and potentially susceptible to hacking incidents; to protect your DRIP it is recommended that it is kept offline (or “Cold”) within LocalBitcoins cold wallet.
