DRIP was listed on CoinMarketCap on July 29th, 2021

DRIP was listed on CoinMarketCap on July 29th, 2021. The importance of this listing cannot be underestimated. Why?

CoinMarketCap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. — from CoinMarketCap’s About page.

For most crypto Project Leads and development teams, getting your project’s native token or coin listed on CoinMarketCap is one of your topmost goals.

The legitimacy that a CoinMarketCap listing lends to your token is invaluable. And a CoinMarketCap listing is essential if you desire widespread adoption and acceptance of your project and its token.

This is because…

CoinMarketCap strictly follows and…


Target Audience

This article is meant to be an overview of some of the methods used to convert your fiat currency to DRIP. This article assumes the reader has familiarity with crypto wallets, exchanges, and purchasing and swapping cryptocurrencies.

[Note: For a more detailed article, I’ve written a complete start-to-finish, step-by-step guide that walks the reader through the entire process of getting started in DRIP. That article is geared to someone new to the crypto space. You may find that article here: How to Purchase DRIP Crypto — a New-to-Crypto Beginner’s Guide]

Overview

In short, DRIP is purchased using BNB (BEP-20). However, when…


Stop looking at the Dollars, look at what really matters. Photo by Cryptozoa

When you see the price of DRIP displayed on the DRIP Network’s swap page (a.k.a. The Fountain), it is shown in terms of the ratio of BNB (Binance coin) to DRIP. In other words, how much BNB does it take to purchase 1 DRIP.


How sustainable is the DRIP Network?

One of the first questions I’m asked when explaining DRIP’s 1% daily returns is, How is this sustainable?

The short answer is that daily DRIP rewards are paid through taxes on transactions on the network, and total returns are capped at a maximum of 365%.

From the DRIP Light Paper:

DRIP rewards come from a 10% tax on all DRIP transactions excluding Buys from the platform’s Swap page. If there is ever a situation where the tax pool is not enough to pay DRIP rewards, new DRIP will be minted to ensure rewards are paid out. …


Baby steps…

At the bottom of each DRIP crypto-related article published on Cryptozoa we list the steps necessary to get started in DRIP. These steps read:

Go to the DRIP Swap page (i.e. the Fountain) at https://drip.community/fountain

Buy at least 1 DRIP (the minimum deposit requirement). [Note: You will need BNB (BEP-20) to exchange for DRIP.]

Then go to the DRIP Faucet page at https://drip.community/faucet

Enter a Buddy address in the Add a Buddy section. If you don’t yet have a Buddy’s address, please consider using mine: 0x69056b35B2E33Bf11D8D47a937A79f8B4fEE5D90

Deposit at least 1DRIP. [Make sure you have a small amount of BNB in…


Looking for a high-yield CD-like product? You might want to consider DRIP Network and its Faucet product.

But before we get into DRIP and Faucet, let’s start with some CD basics…

What is a CD?

From Investopedia: “A certificate of deposit (CD) is a product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.”

“Interest rate premium” is the key term here. Because you are agreeing to leave your deposit with the bank for a fixed period, the bank…

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