Powered by the Binance Smart Chain (BSC), Dripto aims to alleviate multiple pain points affecting streetwear enthusiasts, resale platforms, and crypto users by providing the first and only marketplace for users to purchase highly coveted apparel using stable coins (BUSD & BUSC). Other forms of cryptocurrency will be accepted in the near future, including Bitcoin, Dogecoin, and Ethereum.
With Dripto, you can expect:
· Digital assets with utility beyond the blockchain (i.e. the ability to have physical goods shipped directly to you)
· Shop-to-Earn
· The lowest fees among all resale marketplaces
· A tier-based system that unlocks additional rewards such as fee reductions and access to Drip Grails
· Weekly lotteries for free prizes
· Premium NFT’s granting holders additional and exclusive rewards
· An innovative set of staking protocols unlike any other in cryptocurrency
Utility Beyond the Blockchain
Crypto’s permeation into the mainstream continues to rise, evidenced in part by the increasing number of companies launching initiatives to integrate aspects of blockchain into their infrastructure. However, execution of these initiatives has been clunky, particularly in the retail space. Dripto is uniquely positioned to reimagine and redefine the retail shopping experience by being built entirely on the blockchain, allowing us to fully leverage the advantages of blockchain tech in ways traditional retailers cannot, while simultaneously providing real-world utility to cryptocurrency.
Shop-to-Earn
The resale marketplace will have a shop-to-earn mechanism. When a user buys or sells an item on the platform, they will enjoy a small % of that sale in $DRYP tokens. Before that process incurs, the tokens will be bought with company revenue, increasing the price of $DRYP.
Fee Comparison
With plans to expand into the metaverse; buy and sales taxes of $DRYP; staking; and our NFT line, Dripto’s profitability isn’t based solely on sales transacted on our resale platform. This allows us to offer significantly lower fees than our competitors. Here’s how our fees compare:
Available at Token Launch: Drip Grails and Lottery
Drip Grails & Tiered Benefits
Holding $DRYP is another way to gain rewards. This system is tier-based and grants Tier 2 holders access to Drip Grails: an exclusive shop where users are able to purchase high end products and merch for below market value — occasionally for free.
How it Works
Users must hold a certain number of tokens to unlock reward tiers. To access Drip Grails, a user must hold at minimum 50,000 $DRYP.
Lottery
Buying $DRYP enrolls users into our weekly lottery with chances to win BUSD, cash, prizes, vacation packages, gaming consoles, and more.
How it Works
One ticket is granted per every 1,000 $DRYP purchased. Tickets do not roll over into the next week, but there is no limit on the amount of tickets a user can purchase. Lottery winners are announced on Dripto.com/lottery.
Drip Pass
Users have the option to subscribe to a monthly subscription to enroll in Drip Pass. As the platform user shops and sells on the marketplace, they garner experience points to unlock various rewards such as tokens, platform credit, NFTs, reduced platform fees, and more. Rewards progressively increase in value as sellers achieve higher levels of the Drip Pass.
NFT Line
Dripto is releasing a collection of 8,000 NFT’s designed by renowned art studios within our network on the Ethereum blockchain. Owning an NFT elevates a user to the highest echelon of the Dripto ecosystem: the Drip Club. Members of the Drip Club have immediate access to Drip Grails, a private insider chat open only to other NFT owners and the core team, exclusive tokenized rewards, and an annual event hosted at distinguished venues across the globe where industry powerhouses in fashion, crypto, art, and music can collaborate and socialize
Passive Income
Yield Farming
Yield farming involves staking $DRYP to get rewards in the form of transaction fees and price appreciation. Users can also lock in their tokens to earn $DRYP, but at a lower APY compared to the staking pool.
Staking Pool
The more familiar staking protocol offered by Dripto is our staking pool, where users have the ability to lock in $DRYP for a set amount of time, generating additional $DRYP at an extremely high APY.
Shoe Staking
Dripto has a first-of-its-kind concept in shoe staking, an innovative protocol implemented in our contract that assigns a generic (non-value) NFT for every shoe listed on Dripto, which is automatically staked on behalf of the seller. A seller on our platform now has another way to generate passive income simply by losing their shoe. Once the shoe is sold, the NFT is unstaked.
