What is Drip Network?

Drip Network is one of the first deflationary daily investment platforms, which offers you a return on investment daily. The DRIP token is a BEP-20 token on the BNB Chain that guarantees its investors a 1% daily return on their investments, up to 365% of their money invested.

The royalties of the service come from a 10% tax, a tax for each of the transactions the investors make. Drip Network’s road promises a cross-chain bridge to expand the project far beyond BNB Chain and NFT royalties for investors who manage to achieve their assigned goals.

A clear example is that if you deposit $1,000 into the drip network, you pay a 10% tax on the deposit and earn 1% on the remaining $900 every day. Although you don’t get your money back, you can get up to 365% in royalties, in this case, $3,285, multiplying your earnings exponentially. There’s an option to reinvest your royalties and top up your maximum potential payout. However, the limit will always be 365% of your total investment, up to a limit of 100,000 DRIP.

What makes the Drip Network unique?

Drip Network takes a different approach than other reflective tokens that promise deflationary dynamics, making it an interesting case study. The three main features of the Drip Network are its daily royalties, its referral system, and its compounding mechanics.

Investors can get Drip from their ‘source contract,’ waiving the 10% deposit tax, or they can also get it from PancaKeswap and cancel the tax. As mentioned above, investments will lose the deposit amount but receive their 1% daily royalties from ‘The Faucet.’ Drip Network confirms that deposits made to the Faucet are sent to a recording address, making DRIP deflationary.

To deposit the Faucet, investors must use a referral code provided by an associate from the platform. ‘Join someone’s team’ is the motto of DRIP. Investors can earn referral royalties from newly referred parties if they have several BR34P tokens in their virtual wallets. Clients can earn royalties from approximately 15 investors who reach the minimum amount of BR34P.

Investors can also complete their initial investment, called ‘hydration’ in the Drip environment. Hydration may incur a 5% tax instead of the 10% royalty claim tax. If investors decide to hydrate instead of demanding their rewards, they will increase their initial investment and, in turn, their daily refund.

Another one of the most effective ways to get is ‘The Reservoir,’ which is Drip’s liquidity pool royalty pool. Investors can draw liquidity into the DRIP/BNB pool and receive a small portion of the 10% transaction tax. 2% of this tax goes to liquidity providers, 3% stays locked in the DRIP/BNB liquidity pool, and 5% goes to the Drip depository pool. Additionally, there is a 1% fee on DRIP/BNB trades, and the cost gets distributed to liquidity investors in the Drip pool.

There is also a cost of the tax on ‘whales’ to prevent large holders from suddenly lowering the price of Drip. This security measure is a containment effort to avoid the currency fall in the international market. For example, if a DRIP investor wants to sell more than 10% of their total supply, they would have to pay a 50% tax on their transactions.

How many Drip Network coins currently circulate?

Drip has a total supply of over 1 million. There needs to be specifics from the Drip team on how the liquidity started. Although, according to specialized media such as BScan, they assure that the Faucet contract is the largest shareholder with 620,000 DRIP.

How is the Drip Network secured?

DRIP is a BEP-20 token on the BNB Chain. BNB is under the Proof of Stake ( PoS ) consensus system protection. Every day 21 validators are chosen to validate transactions and thus maintain the security of the blockchain. To be eligible validators, the candidates must stake a specific amount of BinaceCoin (BNB Chain ) with Binance.

What is the current DRIP price?

The price of the Drip Network today is $4.74, with a profit volume of $24,706.09 every 24 hours. The profit made by DRIP investors is updated from DRIP to USD in real-time. As we know, Drip Network was down 0.98% recently. The current ranking of Coin Market Cap is # 4450, with an unavailable market capitalization. Circulating supply is not currently available, yielding a maximum of 99,99,999,999 DRIP coins.

Where can you buy Drip Network?

DRIP is available PancakeSwap (V2)

Frequent questions about Drip Network and the cryptocurrency world

What are crypto faucets?

A crypto faucet is an application or website responsible for distributing small amounts of cryptocurrencies as a reward for completing simple tasks. They are known as ‘faucets’ because said rewards are minimal, like drops of water from a faucet. Although, in the case of crypto faucets, tiny amounts of cryptocurrencies get sent for free. To earn crypto for free, users must complete several simple tasks, such as viewing ads, completing quizzes, clicking links, watching product videos, or completing a captcha.

What is a Crypto Credit Card?

You have cryptocurrencies that you want to spend, but to get them to your credit card is a painstaking process. Cryptocurrency holders are probably very familiar with this dilemma. However, a crypto credit card solves this problem.

A crypto credit card works just like a regular credit card but is a much easier way to spend your crypto. Consider the steps you would typically need to follow if you want to spend your cryptocurrency:

• Send crypto from your virtual wallet to your centralized exchange.
• Wait for the centralized exchange to transfer the capital to you.
• Transfer the money to your checking account.

And there you have it. If you want to learn more about Drip Network, or if you wish to start investing, don’t hesitate and start getting your daily gross today.