Drip 101 Passive Aggressive Income Crash Course
Hello students. I am Professor McGeorge and I will be teaching Drip 101 this semester. Drip 101 is the premier course at Driponomics Universtiy. The foundation you must complete to ensure success. This is the only course you will need in learning the basics of the Decentralized Finance application, Drip and obtain financial freedom.
As I gaze out across the lecture hall, I can see people from all walks of life. Hey! You there at the back! Stop scrolling your mobile phone and pay attention. Your financial future depends upon it! As I was saying… From the intake form, students have financial goals ranging from paying off debt, buying a home or car, leaving a job, to building a retirement plan. All of these goals are admirable and achievable with Drip and the Drip Network. If you are unaware of how you ended up in this class, I will provide a quick overview of Drip.
Drip is a low-risk, high reward contract that operates similarly to a high yield certificate of deposit by paying out a 1% daily return on investment up to 365%. Players can compound and extend their earnings through deposits, hydrating (compounding) rewards as well as through team based referrals.
Now, let us move on. This course consists of 4 modules:
- MetaMask Setup and Funding with BNB
- Buying and Depositing Drip into the Faucet
- Hydration Schedules
- Team Building (Optional)
1. MetaMask Setup and Funding with BNB
If you have a MetaMask wallet already, and know how to send BNB to it, you can skip this step and move on to section 2. If not, pay attention. Open your laptops and follow along closely. By the end of this class you will have set up your MetaMask, added BNB, added a buddy address, purchased Drip, and deposited your Drip in the Faucet. You will also learn about Hydration schedules and team building.
I assume that you have set up an account on a cryptocurrency exchange (CEX). I recommend Binance, as that’s what I use. BNB (Binance Coin) is their native coin and you will receive the best rate when purchasing it. If you don’t have a CEX account, set one up, fund it with FIAT (USD, EUR, GBP etc), buy some BNB, then continue with this lesson. If you are from Europe, you will not be able to fund a Binance account with FIAT but you can get around this by setting up an alternative account such as with Kraken, buying USDT, then sending it to Binance to be converted to BNB coin. It only costs $2.50 to send USDT over the Tron TRC20 Network.
MetaMask is a browser based wallet where you store your cryptocurrency. It can be downloaded on Chrome and Firefox, or on iOS and Android if you’re a mobile user. For the purposes of this lesson, we’ll use the Chrome version, but the instructions will be more or less the same for every platform.
Firstly, you’ll want to head over to the MetaMask Download page. From there, select whichever platform you’re using, and follow the steps to install it on your device.
Next, follow along with the setup specified by the app. Go ahead and click Create a Wallet. Write down the backup seed phrase somewhere secret (preferably not on an Internet-connected device). Without this phrase, your funds can’t be recovered if your device is damaged or lost. Confirm that you’ve written them down on the next page.
And that’s it! You should now see your wallet, ready to send and receive funds.
Configuring your Wallet
You might notice straight away that we’re still dealing with an Ethereum wallet. At best, this won’t work with Binance Smart Chain DApps. At worst, you could lose funds by sending them to addresses you can’t actually use.
Let’s change that. We want to access the Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, we want to locate the Networks menu.
We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one — it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. For Drip, you will want to select mainnet.
Mainnet
- Network Name: Binance Smart Chain
- New RPC URL: https://bsc-dataseed.binance.org/
- ChainID: 56
- Symbol: BNB
- Block Explorer URL: https://bscscan.com
Once you Save the Network and return to the main view, you’ll notice two things: the network has automatically been set to the one you just entered, and the units are no longer denominated in ETH, but in BNB.
You won’t have any BNB or DRIP like in the example above, but I will show you how to add them to your BSC wallet on MetaMask.
Funding your MetaMask Wallet
Click on the two overlapping squares to copy your BSC address. We will need this in a following step. Go to Binance.com or a CEX of your choosing.
Convert Cash/Crypto to BNB
You can either fund your account with FIAT by clicking on Card Deposit or buy using a Credit/Debit Card. Select your currency. If you have some crypto, click Trade, then Convert as shown below.
Select the type of crypto you would like to convert from using the dropdown menu. The following example uses USDT. Enter the amount you wish to convert by manually entering it or clicking MAX. Next, select BNB from the row below. Hit Preview Conversion, then accept when prompted to so.
Advanced tip: You can use the Classic or Advanced trading interface on Binance to try and receive a better rate for your BNB conversion by setting a limit order. It will only go through when it hits the target price you specify. I just use the simple method above but want to include this tip for completeness.
You now have BNB in your account! You will need to Withdraw this to your MetaMask wallet. This is straightforward but there are a few crucial steps you must pay attention to.
Send BNB to MetaMask Wallet
Hover your mouse over Wallet, then go to Fiat and Spot (Deposit & Withdraw).
I don’t hold much crypto on Binance at any one time. You will see I only have a little AXS and HIVE. Your BNB should be top of the list if it has the largest balance. Click Withdraw to the right of BNB.
Paste your wallet address that you copied from your MetaMask. You will see something like this. BSC Binance Smart Chain (BEP20) should be automatically selected but if it is not, make sure you select it!
Important! Before you send a large amount of BNB (or other coin) to MetaMask, try a tiny amount first to make sure you have the process down. This is also critically important when sending crypto from MetaMask back to an exchange.
Enter an amount, then hit the yellow withdraw button. If you have 2 factor authentication set up (I highly recommend that you do), you will be prompted to enter the code sent to your email, and a second code from your Google Authenticator app. And that’s it. You’re done! Within a few minutes your BNB will appear in your MetaMask wallet.
2. Buying and Depositing Drip into the Faucet
Congratulations on getting this far. Students who already have a MetaMask wallet with some BNB in it… Wake up! Now, let us continue.
Go to https://drip.community/faucet and click Connect Wallet. Make sure you are on the Binance Smart Chain Mainnet, not Ethereum or another network.
You will need to add a buddy address to be able to buy Drip. Here is the Driponomics Team wallet:
0xe0EAF849698520f85c094aBA462a037c25b699f6
Paste the Driponomics Team Buddy Address 0xe0EAF849698520f85c094aBA462a037c25b699f6 in the white box and click UPDATE. Your MetaMask will process the transaction. There is a tiny fee to do so. Accept the fee, which is paid in BNB. This address is now written on the Blockchain and linked to your Drip account.
It’s Time To Buy Some Drip!
Go to the Swap tab. This brings you to the Fountain page. You will see your BNB balance on the left blue box. This wallet currently holds 0.0287 BNB but yours will be different.
Don’t use all your BNB to buy Drip. Leave 0.05–0.1 BNB for Hydration fees. Enter the amount of BNB you want to spend and click BUY. Accept the MetaMask fee. A minute or so later your Drip Balance on the right box will be updated.
To add Drip to your MetaMask, click Import tokens at the bottom, then paste the following address:
Drip Token Address : 0x20f663cea80face82acdfa3aae6862d246ce0333
Go back to the Faucet page where you entered the Buddy Address.
Click MAX, then DEPOSIT. Congratulations! Your Drip has been deposited in the Faucet. You are now earning a potentially life-changing source of passive income!
3. Hydration Schedules
Hydrating your Drip costs approximately $1 per time, paid in BNB. On wallets with less than 100 Drip I hydrate weekly, my large wallets with over 100 Drip, I hydrate one day, then claim the next, and repeat this two day cycle. The best hydration schedule depends upon your circumstances, what your goals are and how fast you want to get there. I can help you answer those questions in the Driponomics Telegram group.
You could stop at the end of section 2 but you would be missing out on a lot of profit if you fail to optimise your wallet or wallets. The following calculator was created by my friend and ex-NASA scientist, Kelly Snook. The calculator is read only. To edit it, create a copy and save it to your Google Drive.
There are many different Hydration strategies. To give you an example of what can be achieved by buying 110 Drip, and after fees, depositing 100 Drip in the Faucet. An investment of $6,600 (at a Drip price of $60), will return $2,347,954.75 in under 3 years, 9 months. This is the net figure, the money that ends up in your bank account, or used to fund other investments.
It also assumes an average Drip price of $60 over that period.
With wallets of 100 Drip or more, my personal favourite strategy is to Hydrate (compound) one day, then Claim (sell Drip) the next, then repeat this two-day cycle. It has the dual benefit of growing the value of your investment and paying you every two days. Drip you Claim, you can either convert to FIAT and send to your bank account, or use to invest elsewhere. I Hydrate wallets with less than 100 Drip once per week.
As of now, late December 2021, I am not Hydrating. I am saving accumulated Drip to create LP tokens to use in themanor.farm, launching on 4th January 2022. This is a more advanced strategy that I will discuss in a future lesson.
What if Drip Goes Up in Value?
Many projects are planned for Drip that will add a great deal of value and utility to the Drip token by the developer, Forex Shark. Some of which include:
- The Drip Garden (3% per day passive income and open now)
- The Manor Farm and Animal Farm. Yield farms are extremely popular. It is expected that the farm will cause a Drip supply shock, greatly increasing its price. The farm opens on 4th January 2022.
- FIAT Bridge. It will offer the ability to purchase Drip directly on a crypto exchange. Reducing the barrier of entry to Drip will increase the number of users, and increase the price.
- Rapper NFTs. An A-list rapper, we don’t know who exactly yet, but we do know his video has the word Drip in the title and 48m views on YouTube, will be launching a Drip NFT (a collectible non-fungible token) in collaboration with the Drip Network. This will be promoted to his millions of followers. And you guessed it… Will increase demand for Drip.
- Bet Fury collaboration. Recently announced, Bet Fury, the largest crypto casino in the world, will host a Drip battle game and allow its users to spend Drip in its casino.
- Hacker NFT game. Under development, this play-to-earn NFT game will utilise Drip as an in-game currency. NFT games are hot right now and for the foreseeable future, commanding market caps in the hundred of millions of dollars.
These are just a few of the upcoming developments for Drip. Forex Shark will launch two Drip related projects per month, for the next 5–6 months!
With this in mind, I believe it is reasonable to assume that Drip may increase by 0.15% per day over the next few years. How does this change projected earnings?
Bullish +0.15% / Day Drip Price Scenario
Total withdrawn increases to $13.25m over the same time period as the previous scenario. All from an investment of only $6,600.
But what if the price of Drip dumps by 0.5% per day on average?
Bearish -0.5% / Day Drip Price Scenario
You may think your investment will be toast but entering -0.5% per day into the calculator, you will return $18.688.88. This assumes Drip crashes all the way down to $0.07. Highly unlikely! But even so, with a drop in the Drip price by 99.88% over 3 years 8 months, you still stand to return 3x your money.
How is this possible? By utilising the power of compound interest, and earning 1% per day. Day after day, after day.
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it. — Albert Einstein”
Bearish or bullish, it is always best to prepare for the worst, and in this case, even in the worst case scenario you come out with three times your initial investment. I’ll take that any day of the week! Saying that… I think there is a decent chance that even small Drip holders will become millionaires. Not financial advice, just my opinion based upon years of trading and investing experience, and future projections on the growth of crypto, worldwide.
From starting with a $50,000 Drip investment at the end of October, following the recent price appreciation, I’m now earning over $35,000 per month, passively. Despite this, I’m still happy to teach at Driponomics University and share my knowledge with you all.
4. Team Building (Optional)
The final piece of the puzzle. Building a team is optional but recommended if you want to increase longterm returns and strengthen the Drip Network. One important thing that people often forget, is to buy some br34p before telling their friends or family about it.
To get started, you will need to purchase at least 2 br34p tokens and hold them in your MetaMask. There is a link to buy br34p on the Drip website via Pancake Swap (PCS). You can also use the delightfully named Poocoin. I prefer Poocoin as it just works. PCS can be troublesome. This is the address required for trading br34p and adding the token to MetaMask:
Br34p Address: 0xa86d305A36cDB815af991834B46aD3d7FbB38523
Buy a little more than you need. If you want 2 br34p, enter 2.15–2.2 in Pancake Swap or Poocoin. You will end up with a bit less than expected. It’s annoying when you try to buy 2 br34p exactly, and end up with 1.98, as you’ll have to do another transaction! This is even worse if you assume you own 2 br34p, then start building out your team!
The people who sign up directly under you are your first downline. People who your friends introduce to Drip are your second downline, and so on. The larger your Drip network becomes, the more br34p you will need to hold in your MetaMask wallet.
Congratulations!
You have completed the Drip 101 Passive Aggressive Income Course. You are now well on your way towards receiving a life-changing source of passive income. To continue your education, join the Driponomics Telegram group, where I will help you set, reach, and then exceed your financial goals.
To Dive into Drip:
- Go to: https://drip.community/fountain, and exchange BNB for DRIP.
- Go to the Faucet page, and enter a Buddy address in the Referral section. Here is mine: 0xe0EAF849698520f85c094aBA462a037c25b699f6
- Deposit at least 1.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)
💧💧 Join the Driponomics Team 💧💧
Regular Bonus: Join the Driponomics team (buddy address below), buy 1.12 Drip or more (depositing at least 1 Drip in the Faucet), to receive a 0.5 Drip sign up bonus. This is a little thank you for supporting the Drip Network and helping to grow my team.
Whale Bonus: If you want to get rich fast, buy 112 Drip (depositing 100 Drip in the Faucet) or more, and I will send a 5 Drip sign up bonus.
Buddy address: 0xe0EAF849698520f85c094aBA462a037c25b699f6
