Drip Crypto — Is it Sustainable? Is it Scam??
Updated: Dec 15, 2021
What is Drip? (As explained by its creator Forex Shark)
"The DRIP Network is the only deflationary daily ROI token that pays stakers and referrers from a tax on transactions and not through inflation! It is made up of 3 primary contracts, the DRIP token which is a deflationary token that has a 10% tax on all transaction except for buys and this tax goes into the faucet pool which is used to pay the daily ROI and referral bonuses. The Faucet which is a staking contract that allows you to earns a consistent 1% daily return of your DRIP (365% maximum payout) passively, and the Reservoir which is The DRIP Network’s solution for players that want benefit from non inflationary yield farming through adding liquidity to DRIP".
If you found our site helpful consider supporting us by joining our drip team.
Join us and get bonuses when you deposit or recompound (hydrate)!!
Here's How...
Step 1: Buy DRIP Token HERE
Step 2: Go to the FAUCET
Step 3: Find ‘Get a buddy’ and put in 0xbd9C78c89D55481433392CD866D5C96738E52c36
Click here for a step by step guide to buy DRIP
Message me on t.me/thecryptofountain Now that we have a very basic understanding of Drip we will focus on the Faucet contract. Let us delve deeper into how it operates and if this contract can truly pay out a 1% daily return as its developers claim.
The first time I heard of Drip I was intrigued to know more however I had heard it all before. Huge daily payouts, sustainable network, strong community, fool proof contracts. You name it. The crypto world is riddled with big claims now a days that keep us day dreaming of driving our Lambos into an early retirement. Although interested I was sceptic as the internet is ripe with scams.
For two months I stalked Forex Shark virtually (the creator of DRIP). I listened to countless youtube interviews most of them ranging into 4 hours long! He came across as a very knowledgeable and a genuine guy who was not only in it for the money as he was already pretty sorted from his many previous successful projects.
He already has a strong following and enjoys a good amount of respect from his followers. That gave me the security that this was not going to be another rug pull. I also followed the telegram community closely and watched it grow as interest around DRIP increased. I studied the white paper to learn more.
My fear was that this could be some kind of pyramid scheme. However for it to be one, only the people at the top would be making money. This is not the case as I followed the telegram posts of many new comers that posted their returns. At that point I decided I had enough information gathered to get in on it. I was going to invest in DRIP!
That took me a while, right? True, but I’m not a big risk taker and I wasn’t going to waste my hard earned money. Today as I enjoy decent returns (as my account is still maturing steadily) I have a much better understanding why DRIP is truly sustainable and why it is safer then most DEFI investments.
Let’s break it down.
How is Drip Sustainable?
Deflationary — First off, DRIP is a deflationary token meaning that there is always less of it. Originally 1,000,000 DRIP where created. When DRIP is deposited into the faucet it is burnt. This means that it is not in circulation any more. This total DRIP amount is thus decreasing which in time will push the price up further as demand grows. Check out the DRIP contract.
The Tax System — allows us to receive our daily gains. Taxes are sent to the faucet pool that is used to pay daily ROIs and referral bonuses.
The are four kinds of taxes in the Drip Faucet, as follows:
- Deposit into the faucet — 10% - Withdrawal out of the faucet — 10% - Compounding your earnings (Hydrate) — 5% - Whale withdrawal Tax — varies from 0.99% to 50% depending on the percentage withdrawn from the faucet.
I know what you’re thinking!
“How the hell am I gonna make a decent earning with all those taxes!”.
Well, at first that’s what I thought but then I began to embrace these taxes. Simple put this tax system is what makes Drip almost a living organism. It keeps DRIP alive and still able to produce some hefty payouts. For example after 2 years of compounding, a 30 DRIP investment can pay up to $3347 a DAY! You could claim before 2 years and still earn good returns but that’s a topic for another day.
Fixed Deposit — Once you put the DRIP in the faucet you can not withdraw it all out at once. Sound like a bad thing? NO, in fact this is great. In time of fluctuating prices people are engulfed with fear and pull out and most of the times they regret it. This leaves DRIP un effected by the outside world and keeps it running sustainably as funds are allowed to keep providing returns for all of us.
Other Benefits — DRIP benefits from the low gas fees on the Binance Smart Chain.
The Eco System — Increased usage! Drip is only the tip of a whole new ecosystem that will include NFT battle game, mining game contracts, DRIP/BNB liquidity pool and many new staking options. Check out the new Manor Farm!
Nurturing the Network — Drip also includes a smart referral bonus to help the Drip network group. People who don’t add any referrals will still benefit and earn daily income however with referrals that income will grow quicker.
If you found our site helpful consider supporting us by joining our drip team.
Join us and get bonuses when you deposit or recompound (hydrate)!!
Here's How...
Step 1: Buy DRIP Token HERE
Step 2: Go to the FAUCET
Step 3: Find ‘Get a buddy’ and put in 0xbd9C78c89D55481433392CD866D5C96738E52c36
Click here for a step by step guide to buy DRIP
Message me on t.me/thecryptofountain All in all I feel that Drip is a good investment with promising results. I will keep you updated with my progress and hope to see many of you join. Feel free to comment below, take time to plan your strategy and do feel free to message me for strategy advice.
Happy Dripping!
This article was taking from my personal Medium Crypto Fountain profile page.