$100 passive income per day! This is how I am earning
My best passive income strategy from Crypto, This is how I am doing it
This is one of the best passive incomes I am earning after being in the Crypto market for nearly 4 years in the market. I am a trader, investor, and technology enthusiast particularly related to Crypto and blockchain. I have been introduced to a Crypto Defi token called DRIP about four months ago. DRIP is a CD-like crypto project that gives 1% daily for the deposit you have made for a maximum of 365 days i.e., 365%. However, we can earn more with DRIP. Here’s how
1.Using Power of Compounding
As Albert Einstein famously said, “Compound Interest is the 8th wonder of the world. He who understands it earns it; he who doesn’t pay it.”
With DRIP using goal-based planning, you can plan for all your financial goals, for your children education, retirement, or even buying a house. I started with a $1500 investment and started compounding my daily 1% which has exponentially started to grow my deposit. I had a goal of making $10,000 a day. Unbelievable? Yes, that is possible with the power of compounding. Use the calculator website and check it out yourself.
As you see above is what we will have after two years of daily compounding, it’s 2 million dollars in your faucet. I will reach my target by the end of August 2023 withdrawing $10,000 a day.
2. Earnings based on team-based referral rewards
DRIP has a simple referral reward system where you get paid 10% of their deposits but limited to a maximum of 15 levels downline team only. So, essentially DRIP avoids being a Ponzi scheme where you get paid from unlimited downlines. DRIP also uses a round-robin system where the first paid member will only get paid once until all of his 15 upline team leads get their payout in turns. This is to avoid self-referrals and manipulate the DRIP referral reward system.
Let’s come back to the main point, how I am earning $100 a day. It is based on my original deposit and the team rewards I have received based on the team I have built. You can see below I have not withdrawn more than a day and rewards are being piled up, I usually withdraw and compound every 2 days. These earning can fluctuate based on DRIP price which is now at $17 (at the time of writing) and expected to test its previous high as the DRIP development team is launching real-time use case scenarios like using DRIP for NFT’s, Payment method for gaming, and also as a payment method to content creators by partnering with Visual Focus. DRIP also launching by the 1st week of September 2021 its Liquidity pool farming.
So, if you plan your investment as per your goal you might achieve your goal pretty quick compounding along with building a team. If DRIP prices go up your goals are achieved much faster. All it boils down that your initial risk vs achieving your financial goal. I would say risking a found thousand bucks versus your daily income for financial freedom.
So, excited and want to join DRIP right away? But before investing you should understand few important points about DRIP network.
The DRIP Taxes
DRIP has a tax system built-in which is majorly what makes the system sustainable. Everything you do in DRIP ecosystem Claims and Withdrawals, Airdrops are taxed 10% while Compounding is taxed at 5%. Buying DRIP tokens on the DRIP fountain page of the DRIP website is not taxed. My calculations are inclusive of taxes.
DRIP max payout
DRIP max payout is 100,000 in DRIP per wallet. So, it is recommended to build a second wallet once you reach a certain postion for example 20,000 in DRIP with your initial wallet.
DRIP Whale protection
DRIP has a whale tax on anyone who owns more 1% of DRIP total supply and the whale tax is built in to prevent users from excessively holding DRIP which makes the DRIP ecosystem more sustainable and prevents price manipulation
My calculations assume at least the price of DRIP remains the same or a bit higher during the period. I have also simplified the calculations for your ease of understanding. For more information or clarifications please connect me on my telegram and send me a DM.
You can also go through my video on DRIP below
How to start with DRIP (A step by step guide to investing in DRIP)
Step 1: Buy DRIP
Go to https://drip.community/fountain, connect you metamask or any wallet that supports Binance Smartchain and exchange BNB for DRIP
Step 2: Update Buddy ID (you need a buddy id to participate in DRIP)
Go to https://drip.community/faucet, and update your buddy and click the UPDATE button. Consider joining using my buddy id 0xB9aD952EDC71d63ee976B185823eA96D20a2Aa82
Step 3: Deposit DRIP
Go to https://drip.community/faucet, and Deposit at least 1.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)
Step 4: Hydrate(Compound) Everyday
Come every day to your faucet almost the same and you can find you have 1% paid out under the available section. Now you need to compound every day to grow your deposit. Simply click on the HYDRATE(recompound) button to do this until you reach your target
Please do connect with me on my telegram group for any clarifications you might need
https://t.me/joinchat/armejqyw4S9lY2E0
My DRIP buddy id: 0xB9aD952EDC71d63ee976B185823eA96D20a2Aa82
NOTE: The amount Deposited is not withdrawable at once. In exchange, you receive 1% of that staked amount on a 24 hr basis for the next 365 days, which can be Hydrated/compound or claimed.
DRIP Lightpaper — https://www.docdroid.net/0i3RJTu/drip-lightpaper-pdf
DRIP CONTRACT LINK — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
Nothing in this article is to be construed as 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. The article may contain affiliate links.
