DRIP Beginner Quick Start Guide
A new to crypto beginners guide.
In my DRIP Beginner Quick Start Guide. My aim is to explain what DRIP Network token is about and how you can easily get started! In the below example I will show you how it is possible to transform $500 to $1 Million dollars very easily from the comfort of your home! Before we continue, please be aware this is the original article published by crypto-adam — a member of a 10k strong cryptozoa.com DRIP team.
If you want to get started very quickly and do not need my step-by step guide, just follow the below quick steps:-
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:
0x57565bA88BAB5bD13f1440290cE74f26D90f14db
Why I invested in DRIP
After researching DRIP and the development team behind this project (headed up by forex_shark), obtaining a daily 1% passive income is certainly possible. In fact we are looking at up to 3600% APY return on investment if compounded / hydrated daily! Many people that got into this at the start (only 8 months ago) are already transforming their investments into millions and this is just the start — the great thing is we are all still very early into this project! I am very glad I jumped in.
What is DRIP?
The DRIP Network is the first deflationary token, providing a 1% daily passive income up to a maximum of 365% of your current DRIP deposit or 3600% APY if compounded daily. It was created on the Binance Smart Chain, and the DRIPToken can be bought with the smart chain version of BNB. You only have to look at the price chart to see how well this concept is working! Unlike other projects the development team have ensured this is sustainable by implementing a series of taxes on transactions, for example 5% tax on hydration, 10% tax on deposit and anti-whale taxes. These taxes ensure the project remains viable long-term and we can all profit from this remarkable financial instrument for years to come.
What impresses me the most is that despite the rest of the crypto markets dumping, DRIP has remained either stable or on the rise. We did see some pull back recently but that was due to people cashing out in order to stake in the Manor Farm in preparation for the REV token pre-sale. DRIP is certainly on a discount right now so it’s a perfect time to buy.
Am I too late to Buy DRIP?
No! The Manor Farm is fully launching by end of January 2022 and since the farm will burn even more of the DRIP supply it’s going to inflate the price further. The team behind DRIP (forex_shark & BB) have stated they see $5,000 per $DRIP is possible in the near term. If you would like to know a little more on the DRIP Garden which is a component of the Manor Farm please read my other article where I show you how to turn $500 into over $4 million, link just below:-
Right, back to DRIP Faucet. In order to get set up on $DRIP you will need either a BSC Wallet or a MetaMask Wallet and in this example I am using a MetaMask wallet.
How to setup MetaMask for DRIP
Go to metamask.io or download the app to your phone.
Follow the steps to create an account (its very straightforward).
Add Binance Smart Chain to your wallet
On the app select the 3 blue lines menu button on top left;
Select ‘Settings’ and then ‘Networks’;
Select ‘Add Network’;
Input the following info:
Network Name: Smart Chain
RPC Url: https://bsc-dataseed.binance.org
Chain ID: 56
Symbol: BNB
Block Explorer Url: https://bscscan.com
Once complete you can tap the Wallet button at the top of the screen and select the smart chain wallet.
So now you have the wallet setup we can proceede to the main section of this beginner guide.
DRIP Beginner Crypto Quick Start Guide
BNB bep20 can be purchased on many exchanges such as Binance.com, Crypto.com, Kraken.com. I usually use https://www.moonpay.com as you can easily use your usual bank debit card or Revolut card to purchase and a few minutes later your BNB will appear in your MetaMask wallet address that you provided during the moonpay payment process.
Assuming you now have your MetaMask wallet already setup and BNB BEP20 in the wallet the next port of call is to the Drip Network website: https://drip.community/ (screenshot below)
STEP 1: Connecting your MetaMask Wallet to the Drip Network:
One of the first things you need to do to get started is to connect your wallet to the site. This is very straightforward and can be done by clicking the CONNECT WALLET link in the top right hand corner of the home page. The following window then pop’s up on your screen:
Make sure you have already set your Meta Mask wallet to the Binance Smart Chain network and then click the MetaMask icon on the window above. Enter your password when/if prompted and your wallet is now linked to the Drip Network, it is that easy.
STEP 2: BUYING YOUR DRIP Crypto:
Buying Drip is very easy and it can be done through the DRIP Network Fountain/Faucet page. Click the below direct link and it will take you to the DRIP native DEX for purchasing using my buddy ID. A buddy ID is required in order to deposit the DRIP you purchased into the faucet to start the compounding process. If you join using my Buddy ID you will be part of crypto-adam team and I will do everything to support you to success:-
https://drip.community/faucet?buddy=0x57565bA88BAB5bD13f1440290cE74f26D90f14db
I am committed to help everyone in my team to be successful, be it help building your own team or if you just have questions, I can be contacted using the Telegram details at the end of this article.
You will see the page above if you followed the above link. Be sure to select the “Buddy Detected” button, it will auto populate my buddy ID into the white box. You then select “Update”. Make sure your wallet is still connected or this step will fail. Remember — Without a Buddy ID you will not be able to deposit your DRIP into the Faucet which we get to in Step 4.
With that out of the way, click the “SWAP” link on the top menu and it will bring you to the page below:
The area on this page you are interested in is the Buy Drip section. Now don’t get freaked out when your numbers below do not match what you see in my example picture below — this screenshot is from when DRIP was around $20 and at the time of writing this article we are at closer to $80 and it is expected to break $100 once the Manor Farm L2 launches.
Enter the amount of BNB in the box above, adjusting it until you get the amount you want underneath in units of Drip and then click BUY. Simple as that!
Note: Do not spend 100% of your BNB to purchase DRIP as you will need a small amount of BNB to cover transaction fees for the DRIP purchase, as well as the subsequent DRIP deposit. At the time of writing, transaction fees on the Binance Smart Chain were running less than $1 USD for each transaction.
Note: At the time of writing the minimum DRIP deposit requirement to the Faucet was 1 DRIP. This minimum deposit requirement may have been reduced at a later point. Check the Faucet page to see the current minimum deposit amount.
Now you have selected the “Buy” button and approved the transaction, these tokens are now in your wallet — which in turn is connected to the DRIP Network Site from STEP 1.
Note: if you can’t see the tokens in your wallet you need to add the DRIP token contract manually to your wallet, but to be honest since you will be depositing the DRIP into the Faucet it is not necessary at this stage. But if you do want to add it, the correct contract address to add is:-
https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
STEP 3: CONFIRMING YOUR BUDDY ADDRESS:
To start gaining your 1% daily interest you now need to deposit your DRIP into the DRIP FAUCET but before doing so, you need a buddy address. If you clicked on my link in Step2 you do not need to enter the buddy ID again as it should have auto populated, but if not the address is below:-
0x57565bA88BAB5bD13f1440290cE74f26D90f14db
Next click on the FAUCET link along the top menu bar and scroll down the page to the GET A BUDDY section. Simply enter the above buddy address in the box and click UPDATE.
Note: if your buddy does not update the first time, then just repeat the above and it should work OK.
STEP 4: DEPOSITING YOUR DRIP INTO THE FAUCET
You will need to confirm this through MetaMask and then, with your BUDDY confirmed, you are ready to get started!!
Remaining on the FAUCET page, scroll back up the page to this section (top right hand side):
Click Max to Deposit all your DRIP into the FAUCET. There is nothing to be gained by keeping any back in your wallet as you won’t earn any interest if you do this. As you can see above, I got 23.156 DRIP for my 0.83 BNB so I have added them all and will click DEPOSIT.
Before you click DEPOSIT, all of your balances are at zero (see above snapshot). Once you click DEPOSIT and approve it through MetaMask, allow some time (not long) for it to process the transaction, click OK on the Deposit Confirmation pop up and you will get the following:
This is day 1 of my road to over $1,000,000 on this investment. Congratulations if you followed my guide, you are now earning 1% passive income daily on your deposit. You will be amazed how quickly your deposit grows!
As you can see, my 23 DRIP, minus the 10% fee for lodging them into the FAUCET (remember it’s the taxes that make this self sustaining) are now sitting there as 20.84 DRIP.
Every day, I will now earn 1% interest on this deposit. This will show up under the AVAILABLE section to the right of Deposits. I have two options available to me as to what I do with this interest.
Option 1, I can claim my 1% every single day for the next 365 days until I reach my Max Payout which is 76.067 DRIP. This will give me a 365% return (less taxes when cashing out).
Option 2: I can Hydrate / Compound my daily interest which basically adds it back into the contract as a deposit. This increases the amount that I have on deposit so the daily interest I earn also increases. The longer I do this, the bigger my Deposit grows and the more I can claim.
At first this is a slow process and you will find yourself looking at it, thinking when will this grow, but look at the results of the DRIP Calculator below and it will change your mind:
After 1 month it is only up from 20 to 26.56 DRIP, but that is still over a 30% return. In six months time it will hit 114.30 DRIP (548%), in a year it will be 626.87 (3,000%) and it will continue to increase. It starts off slowly but then hits an upward curve.
By month 18 you could be withdrawing $665 per day if you really wanted! You can see by month 24 you can withdraw over $3,647 per day. This for most people would be considered life changing money, all thanks to daily compounding.
You don’t have to wait until the big numbers hit either, you can start withdrawing at any stage. The daily withdrawal limit is 1% for everyone and this prevents people from dumping large amounts of drip on the market at any one stage.
STEP 5: DAILY HYDRATING:
So now you have your money deposited in your Faucet, how do you HYDRATE every day? Well the good news is it’s very easy!
As you can see above, already, I have 0.003 DRIP available to me in the short few minutes since I have made my deposit. To Hydrate this all I do is click the HYDRATE button on the right hand side of the screen, approve the MetaMask popup window and my available funds (less 5% tax) will be added to my Deposits.
Personally my strategy is to hydrate daily for 6–12 months. It’s quick, easy and simple so it’s actually hard not to. I can do it on my phone or on my laptop. By hydrating daily you are ensuring you are going to grow your deposit rapidly and then benefit later from larger withdrawals.
STEP 6: SPEEDING UP YOUR PROFIT:
- You can add more deposits to your initial 20 DRIP. You can add as little or as much as you like as there are no penalties. You can add every week, month, etc. until you have a balance that you are happy with from a growth and time perspective.
- If you know people who would also see the benefit to this, or if you want to help some friends and family along the road to financial comfort, you can use your own buddy address (this is just your wallet address) and set up a team under you. You get 10% of their initial deposit. Any subsequent deposits they make, along with their daily hydration kick a Round Robin bonus up-line (which is paid for out of the Tax System — i.e. you are not taking directly from that person)
- You can grow a team under you to increase the reward bonus off players initial deposits. Once your wallet has 5 directs underneath it (i.e. 5 players who have used your buddy address) you qualify as a team wallet which is important for Round Robin rewards.
Or some people prefer to hydrate one day and claim the next — by claiming you will be sending the DRIP to your Meta Mask wallet where you can then sell it using the reverse steps you used to purchase DRIP — you will then get the BNB in your wallet
It’s literally that simple, you are now generating a daily 1% passive income from the comfort of your home!
FOLLOW UP:
There are a number of additional strategies that you can employ to speed up the timeline on hitting the big numbers.
The fact of the matter is that the more you get into DRIP and start to understand it, the more you will love it.
I also published a guide on investing in the DRIP Garden — this is a 3% daily return, you can find the link just below:-
I also published an article with 14 excellent tips detailing how to protect your cryptocurrency wallet from hackers / scammers — I would really recommend giving this one a read also.
If you want to reach-out with queries or questions, message me on Telegram (@ anoble66) . If you do sign up under my buddy address and need some help or advice just drop me a note, I will be happy to help you on anything.
Also feel free to let me know if I can add anything to this article to help the overall sign up process and let me know if there are any other Drip related topics that you would like me to cover.
Nothing in this article is intended to constitute 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. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links
Consider joining Cryptozoa Gateway Telegram — https://t.me/joinchat/PbTulqLoCmAzZmQx to meet like minded people for discussions and strategies. Please do share your DRIP address to channel admins if you join TG group
DRIP Contract Link — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
DRIP Light paper — https://drip.community/docs/DRIP_LIGHTPAPER_v0.8_Lit_Version.pdf
Originally published at https://cryptozoa.com on January 19, 2022.
