DRIP is a project that is able to provide passive income through smart contracts in Defi. It was created on the Binance Smart Chain, and the DRIP Token can be bought with BEP20 BNB.
The bedrock of DRIP is the feature of paying 1% on your investment per day. You can either pull that amount out and receive your 1% return of the DRIP token per day, or you can “Hydrate” or recompound your earnings and compound the 1% against the new amount. …
Investors woke up this morning to the news that China has declared all cryptocurrency-related business activities to be illegal financial activities. This is a move that savvy crypto investors and market analysts have been expecting for months, at least as a very distinct possibility. So how will this affect the cryptocurrency markets? No one knows for sure, but the odds are that in the long term, crypto investments will be just fine.
As expected, the short term reaction to the news was quite negative: Bitcoin and Ethereum prices dove 5–10% on the news, and many top altcoins followed suit. However…
In 2021 the ‘Miners’ have become extremely popular in CryptoLand. These Miners all take a deposit of a specific Crypto, and give the user a 3% daily return on their deposit in said Crypto. If one would cash out the 3% daily ROI, it would mean the Miner already starts making a profit after 33 days, and up to 1,095% per year. Please read on to learn what effect daily compounding of the ROI has (hint: it’s mindblowing!).
Although there were some predecessors, the craze really started with BNB Miner, which by the time of writing has been ‘producing’ BNB…
Cryptozoa member Sri M has been on a video-making tear!
Cryptozoa DRIP member Sri M has made what I think are the 3 Essential DRIP Videos. They are animated gems that give the basic information necessary to fully understand DRIP. The 3 videos cover the basics that most newcomers should know about prior to investing in DRIP. Let’s review the three, shall we?
An Introduction to the DRIP Network, how it works, the daily 1% interest, as well as its referral system.
Video explaining how DRIP functions, and debunks any idea that DRIP is a Ponzi, or Pyramid…
Step by Step Guide on How to Use a Defi Platform to Earn Passive Income
I, like many others, dream of the day that I can comfortably live off my investments instead of relying on a 9–5 job. So when I first read about Drip Network and put a simple spreadsheet together to calculate the potential rewards, I couldn’t stop thinking about it. I remember walking to meet my friend for dinner afterwards with my mind fully consumed with what I just read about — so consumed that I accidentally walked into three different strangers along the way. So why…
Stablecoin minters come to the Polygon/Matic version of USDC.
I wrote about BUSD Minter, the first Stablecoin minter in the increasingly crowded field of miners/minters based off the original Ether Shrimp Farm. The latest entries seem to be focussed on expanding through various stablecoins, first BUSD, and now USDC.
The twist in this one is that it is the Matic/Polygon version of USDC. In look and feel, besides a swap out of the stablecoin name from BUSD to USDC it is an exact copy of the BUSD Minter:
Articles on Crypto, with a DRIP Focus.