DRIP Network at present runs on ponzi-nomics. Your downstream earning potential depends on the network growth. But DRIP Network is one of the long standing crypto platform with sustained revenues. DRIP Network alongside overall crypto markets has taken a major price dip. DRIP is being traded at the recent lows of ~$0.50 from all time highs of $102. If you have entered in the DRIP earlier, you are making a big time losses (This blog post may not apply to you). But, if you are planning to enter now, IS THIS THE RIGHT TIME? This opportunity is critically reviewed in view of further downside to DRIP from $0.5 vs the potential upside with ATH of $102. (This is not a financial advice and please do your own research before investing)

DRIP Network is the project developed by Forex_Shark, BB and team. The official token of the DRIP Network is DRIP (BEP-20) on the Binance Smart blockchain (BSC) that captures value by being scarce, deflationary, censorship resistant, and by being built on a robust, truly decentralized blockchain.

If you want to learn and get started with Drip, you’ve come to the right place. (Read below on how to reach an Initial Goal: Earn $454 Monthly Passive Income With $2400 Investment if DRIP price stay around $0.50)

In this article, I’m going to give you the basic overview of Drip and how you can utilize it to reach the ultimate goal of financial freedom. I have made this article as simple as possible, while including all the key elements to give newcomers a great foundation to get started.

Introduction

What is Drip?

Drip is a scarce, deflationary token built on the Binance Smart Chain used to pay users 1% of their investment every single day with max total ROI of 365%. That is turning X to 3.65X in bull, bear, or sideway crypto markets.

Utilizing the Drip faucet, investors are able to participate in a low-risk, high reward contract that is similar to a high yield certificate of deposit. Investors have the option to either withdraw or compound their earnings.

Why DRIP?

Many of the other ROI platforms pay out their investors by constantly printing out new tokens. This results in a dilution of the token, often times resulting in price depreciation as the supply continues to increase.

Drip on the other hand, was created with sustainability in mind. Since its inception, Drip has not printed any new tokens and has kept its supply constant. It uses clever tokenomics and a tax system to distribute tokens to its investors.

Drip Has Birthed Many Millionaires

The ability to create wealth lies in the power of compound interest. As Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it”. The ability to compound your investment is what makes Drip so powerful. Those that are patient and have the long-term vision to compound, will be rewarded greatly.

The Drip token, due to its tokenomics, is programmed to go up in value. The combination of compound interest with price appreciation is what creates explosive, multiplicative growth, unlike we’ve ever seen. But is it sustainable?

Drip Tokenomics

Unlike many of the other ROI platforms, once you deposit your Drip into the faucet, your tokens are locked up. Forever. The platform then pays you 1% of your deposit daily up to 365% of what you put in. So if you deposited some Drip tokens, and started withdrawing immediately, it would take you roughly 100+ days to ROI. You would then be able to continue to withdraw your 1% daily for the next 265 or so days.*

*This is probably the worst strategy you can play, and was given to illustrate a point. Also, it would actually take 120 days to ROI because of taxes.

The key mechanic to note here is that your tokens are locked up. This creates price stability as investors are unable to dump their entire investment in a short period of time.

Each transaction also incurs a tax hit. Depositing, claiming, and selling all incur a 10% tax hit. Hydrating, or “recompounding,” incurs a 5% tax hit. There are also restrictive whale taxes in play (up to 50%), which heavily limits sell pressure from larger players. These taxes are then used to pay out the daily returns to all the Drippers.

Finally, the last safeguard is the 100k max payout limit. Meaning, once an account reaches the 100k Drip payout, this account is effectively dead, and will no longer receive any payments. This, in addition to the token lockups and taxes creates a sustainable foundation that cultivates a safe haven for Drippers to continue to grow and prosper.

Game Theory

So now that I’ve piqued your interest, you must be wondering what the most optimal strategy is. Simply put, it is to compound – as much as you can. The system taxes you heavily when claiming (10%) and then selling (10%) which quietly adds up to 20% in taxes. Meanwhile, compounding incurs only a 5% tax.

What this means is that those that compound often and frequently will rapidly outpace those that are quick to take profits and will ultimately see much bigger returns over the long run.

Initial Goal: Earn $500 Monthly Passive Income With $2400 Investment

Current DRIP Price (At the time of blog post): $0.5

Initial DRIP Tokens: 4800= 4800 * $0.5 = $2400)

Monthly DRIP Earned: 1% x 30 x 4800 = 1440

Monthly Reinvest (30%): 1440* 30% = 432 (Annually it cumulates to 432* 12 * (1-5%*) = 4925) —*5% is the reinvest tax

Monthly DRIP Withdraw (70%): 1440*70% = 1008 DRIP = 1008 * $0.5*(1-10%) = $454 (Monthly Passive Income) — 10% is the withdraw tax

Because of the 30% reinvestment, $454 monthly passive income continues forever (till DRIP is live) with initial $2400 investment. If the DRIP token price reach $10, you can make 1008 * 102 * (1-90%) = a WHOOPING $9000+ monthly income. What if DRIP reach ATH of $102 and above!

Whale Target or End Goal of DRIP Investment

A number to note is 27,300. Once you reach this number in deposits, you should continue to harvest daily without compounding. This is because your max payout of 100k Drip will be reached at the same time you hit 365% returns (27k x 365 = 100k).

Getting to 27k Drip should be the main goal.

For example, an account starting with 100 Drip at $0.5 per token (YOUR INITIAL INVESTMENT OF $50), compounding everyday, it would take 593 days or roughly 19 months to reach 27k drip. From this point on, the account would be able to withdraw 220 Drip or MAKES $110 PER DAY until the max payout of 100k Drip is reached making you total returns of $36500 for your initial investment of $50.

Now let’s take a look at another scenario with the same 100 Drip. Imagine IF DRIP FALLS 80% from today’s price of $0.5 to $0.1 by the time you hit 27k Drip. What would happen? Your account would STILL PAY YOU $22 PER DAY for the lifespan of the account making you a total returns of $7200 for your $50 initial investment.

If DRIP TOUCHES ATH OF $100+ per token, your account would PAY YOU $22,000 A DAY! Imagine what would happen instead if Drip shoots further to moon! Leaving the total returns calculation to you!!.

Just remember, any wallet, regardless of how much Drip it starts with, is capable of hitting max payout. It would, of course, just take a little longer.

Using Multiple Wallets

Earlier, I mentioned whale taxes. Once you reach the final months of your wallet, you’re going to be hit with more taxes as you begin to withdraw a larger percent of the supply. This, in addition to the max payout being capped at 100k Drip has made using multiple wallets a viable long-term strategy.

Using multiple wallets will theoretically give you better returns over the long run because no matter how much Drip you start with, each account is capped at the 100k max payout. However, reaching max payout will take many years if starting off with a small amount of capital. Because of this, I would only recommend using this strategy if you start with a large investment, or you simply want to join another team.

Forex Shark and BB

It would be a crime not to mention the team behind Drip, Forex Shark and BB.

In all my years in crypto, I have never been involved with a team so transparent and dedicated to their work. Forex Shark’s frequent AMA’s on telegram keeps us constantly updated on the progression of Drip and all associated projects, including The Animal Farm.

What Forex does differently than other developers is that he constantly adds onto Drip — growing the ecosystem. This provides additional use-cases for the Drip token and opens up different avenues to attract new investors.

Easy To Follow Steps To Setup DRIP Passive Income

DRIP is an interesting crypto project created on the Binance Smart Chain, providing lucrative passive income. I’m assuming you are here because you have already researched the DRIP network Cryptocurrency. If not, my other articles will give you some insight. So, are you excited to be a part of the DRIP community and generate huge amounts of passive income in a few simple steps? First, start with setting up your BSC or MetaMask Wallet.

Steps to setup DRIP wallet

STEP 1. Setup your MetaMask wallet

Download the MetaMask app from the app store or play store. You can also install the MetaMask extension if you are setting it up on your PC. MetaMask is supported by most browsers including Chrome, Edge, Brave, and Firefox. Remember to write your 12 words seed phrase somewhere safe because it cannot be recovered once misplaced.

You can watch YouTube tutorials and learn to add the Binance Smart Chain network to your MetaMask wallet.

STEP 2. Connect your MetaMask wallet to the DRIP network

● Click on the DRIP network website to go to their home page.

● Click on the Connect Wallet option given in the top right corner.

● A pop-up screen will open where you have to click on the MetaMask icon.

● Enter your password when asked and voila your wallet is connected to the DRIP network.

STEP 3. Buy your DRIP

You can either purchase your DRIP through the DRIP network or pancake Swap. The price on Pancake Swap will be cheaper than the DRIP network website. You might be tempted to buy your DRIP from there but there’s a catch.

The tax amount is already included in the price given on the DRIP network’s website. Meanwhile, the prices on Pancake Swap do not include any tax amount so you will be required to pay tax while depositing the tokens into the DRIP Faucet. You may think you’re buying DRIP at cheaper rates when in fact, you aren’t.

● Click on the SWAP link on the top menu of the DRIP network system.

● Click on the Buy DRIP option given in the top right section of the page.

● You will then see the BNB\DRIP ratio and the current price of DRIP.

● Enter the amount of BNB in the given box and keep adjusting it until you get the amount to buy the desired units of DRIP shown underneath.

● Click on BUY and the tokens will be received in your wallet. You would need to add the tokens manually if you can’t see them in the wallet.

STEP 4. Confirming your Buddy Address

You would need a buddy address to deposit your DRIP into the DRIP Faucet. If you already got a buddy, well done! If not, don’t worry, you can use my reference link.

● Click on the FAUCET option given on the top.

● Scroll down to get to the GET A BUDDY section.

● Click on BUDDY DETECTED and it will enter the buddy address automatically and then click on UPDATE.

● Confirm this through MetaMask and then you’re ready.

USE THE BUDDY ADDRESS FOR SPECIAL AIRDROP & GET 5% OF YOUR INITIAL INVESTMENT BACK: 0xc7f2AB10D5a9B8f9261d7D397630dA85fD684e65

STEP 5. Deposit your DRIP into the FAUCET

● Scroll back up on the FAUCET page.

● Click on MAX to deposit all your DRIP Tokens into the FAUCET and then click on the DEPOSIT option given below.

● Approve the process through MetaMask and allow it a few seconds to process the transaction.

● Click OK on the Deposit Confirmation pop-up.

● The 10% tax fee will be deducted and you would see the remaining DRIP Tokens sitting there.

STEP 6. Start hydrating

Hydrating is the easiest step.

● Click on the HYDRATE button given in the right part of the screen.

● Approve the MetaMask popup window.

● Then the available funds will be added to your deposits after deducting 5% tax.

You have to do this every day for 2 years but it’s such a small, simple, and quick step to gain millions in investment.

STEP 6. Accelerate the timeline

Deploy the following strategies to fasten the process of hitting those humungous passive income numbers:

● Add more deposits to your initial DRIP Crypto amount. You can add as much as you want.

● Benefit your friends and family by becoming their buddy and setting up a downline team. You will be then eligible for referral and Round Robin rewards.

● Read my article to get more information on Referrals and maximizing your rewards.

Final Thoughts

Cryptocurrency is a volatile industry and there are some risks involved just like with other investments. One must invest their money only after performing thorough research and according to their risk appetite. I hope this article informed you about the possibilities of generating a lucrative passive income through the DRIP network Cryptocurrency. Know more about DRIP Network Crypto through the DRIP litepaper.

USE THE BUDDY ADDRESS FOR SPECIAL AIRDROP & GET 5% OF YOUR INITIAL INVESTMENT BACK: 0xc7f2AB10D5a9B8f9261d7D397630dA85fD684e65

Recommended Reading: Blockchain Advisory Services

Disclaimer: As with everything on this site, this article is for informational purposes only and is not advice of any kind. I simply share my experiences and my opinions for information. I am not a financial adviser and I am not providing investment advice or financial or legal advice of any kind. Cryptocurrencies (and most business opportunities) are high risk. Many of the opportunities I discuss exist in new, high risk and unregulated markets. Some methods require significant investment of time and/or relevant skills. Please do your own research and due diligence; do not blindly follow anyone!

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