Drip Drop Draw
DRIP Raffle: DRIP DROP DRAW. Check it out!
There is a BRAND NEW utility coming out for DRIP. It’s a new game called DRIP DROP DRAW, and this article is going to discuss the information that has just been announced. Patience pays, and this has potential. Check it out.
Drip Drop Draw (DDD) is a raffle system for DRIP to offer different prize tiers for participants to earn in DRIP. It addresses the need for new utility and aims to provide a spark in the Drip ecosystem. It is a contract built on top of Drip as a Layer 2, and will roll out in two phases — the first catering to the faucet side of Drip, and the second supporting the reservoir side with slightly different mechanics.
It is being built by the Forex Horsemen of the Dripocalypse, a collaborative effort of several individuals passionate about the Drip ecosystem. The main objective of the project is to provide a different way to play and interact with DRIP.
The game incentivizes new capital to come in and buy DRIP by offering a chance to win thousands of dollars while still keeping 75% of their investment. This will add a new element of game theory to the ecosystem. There is a new game mechanic that makes each raffle draw fair by locking the price of drip at the beginning of each day, which means that during periods of fluctuating prices, a person could contribute to their DRIP account through DDD and buy in with a lower drip price that day.
To elaborate, if DRIP is increasing that day, the Drip Drop Draw price would remain locked that day, so they could continue to buy at a lower price through that contract, instead of the “live price”.
This is not the first DRIP-supporting idea to come out. Droplet, for example, has brought capital into the DRIP ecosystem. And, because Drip Drop Draw has collaborated with Forex (lead developer), it will be a trusted alliance with the project, instead of a rogue one.
It’s nice to see a community-driven project like this, because it shows that the community is invested (literally) in seeing this project return to positive price movement.
In this project, 10% of the day’s raffle pot will roll over to the next day’s raffle, which could make the raffle increase daily. And, because the project is launching at what will hopefully be the DRIP price bottom (to be determined), this could help attract users to the project and the faucet.
There are sure to be more details coming out very soon, as this product is very near launch.
DRIP DROP DRAW! Hold those bags, get ready for the new game.
Release date expected in the week of 10th April 2023