What is DRIP?
DRIP is the latest generation of previous crypto projects such as HEX and FLOW that were able to provide passive income through DeFi smart contracts on Binance Smart Chain (BSC).
The fundamentals of DRIP is the feature of paying out 1% on your investment per day. You can either withdraw that amount out and receive your 1% return of your DRIP token amount per day, or you can recompound ('Hydrate') your earnings and add to your staked amount. By Hydrating you start to see the 3678% APY by the end of the year.
Whatever you take out is in DRIP not dollars, so there's the opportunity to benefit from any price rises (as well as suffer from price falls), but the tokenomics of scarcity, deflation, and incentives to HODL create a virtuous cycle that promotes the lifting of the price of the DRIP token. Just look at the 91% TVL (Total Value Locked). Only 9% of the Million total supply of tokens is even available for trading.
How do I get involved?
You’ll need BNB in order to buy DRIP. You’ll also need to buy at least 1 DRIP in order to participate. Currently, the price of DRIP crypto is around $26. It did go up to $55 a couple of weeks back but then has dropped back and remained fairly static between $30-$35. There are new announcements and partnerships made all the time by the highly active developers (Forex Shark) so everyone is pretty bullish on the price. It's also bucked the recent downtrend in the crypto market so the tokenomics are holding well.
Once you have your BNB, go to https://drip.community/fountain and buy at least 1 DRIP. It's best to buy DRIP on Drip.Community website because there are zero fees. If you buy through Pancakeswap you would incur a 10% fee.
Invitation Only
Participating in DRIP is by invitation only. If you like, you can enter the Cryptozoa Team using my Buddy ID: 0xa1bF3D09D2F038622B5ABc90c678d4eA6820ac94b.
You could also just click this link, which should auto-populate fields: https://drip.community/faucet?buddy=0xa1bF3D09D2F038622B5ABc90c678d4eA6820ac94
Then, just deposit you DRIP and start receiving your 1% per day.
Best Strategy
The easiest method to follow is just to buy DRIP, and then recompound for a year before claiming your DRIP rewards. That would maximize your percentage, as well as the anticipated price rise of the DRIP token. Please note, once funds are deposited into the DRIP contract, you will not be able to withdraw the total amount. This is similar to a CD. You are only able to withdraw what’s in the Available section of Faucet.
Stepped Guide
- Go to https://drip.community/fountain and exchange BNB for DRIP. You’ll need at least 1 DRIP if you want to deposit it later to earn the rewards.
- Enter a Buddy address in the Referral section. Consider joining the Cryptozoa team using my address below: 0xa1bF3D09D2F038622B5ABc90c678d4eA6820ac94
- Deposit at least 1 DRIP (Ensure you have enough BNB to pay for the gas fees.)
- Once deposited you’ll start to receive 1% daily.
DRIP Telegram Link — https://t.me/DRIPtoken_Chat
Cryptozoa Telegram Link— https://t.me/joinchat/PbTulqLoCmAzZmQx
DRIP Contract Link — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
DRIP Lightpaper — https://www.docdroid.net/0i3RJTu/drip-lightpaper-pdf
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.
Writing credit to Cryptozoa. Adapted by Peter Pervis.
