DRIP Network Guide

DRIP Network

What is the DRIP Network?

The one thing I like is that it gets down to brass tacks:

You put in money
10% is taken out to pay rewards.
You get paid 1% of your deposit once a day, every single day until the Max Payout is reached.
If you Hydrate (Recompound) then you can extend the payouts.
You receive a percentage of the deposits from your downline as well.

THE CRITICAL 1%

1% per day doesn’t sound like much until you apply it to a year, as most banks do. Then it’s 365%, right? But, if you “Hydrate” or recompound daily, then the percentage profit all of a sudden balloons to 3678.3%.

Recompounding

If you deposited 1000 DRIP, then the first day you’d receive 10 DRIP. Instead of claiming that 10 you redeposit it with the rest of your initial deposit to recompound or “Hydrate” — now you have 1,010 DRIP earning 1%. The 2nd day you receive 10.10 DRIP.

Onwards and upwards.

At the end of 365 days, if you Hydrated every day on the final day you’d receive 374.09 DRIP per day — a far cry from the initial 10 per day, or 1% of the 1,000 you originally put back in. That $1,000 would have grown to 36,783.43 DRIP by the end of the year.

Compounding occurs every time you Hydrate (the term they use for recompounding). Once a day is suggested as an optimal schedule taking account of the fees you pay.

A 10% cut is taken on every deposit, which goes towards paying off the 1% daily APR everyone receives.

Low-Risk, High Reward Contract

The drip network’s faucet is a low-risk high reward contract that operates similarly to a high yield certificate of deposit. Players can participate by purchasing drip from the platform’s swap page and joining another user’s drip team.

Depositing drip to the faucet contract earns a consistent 1% daily return of their drip passively. (365% maximum payout)

Players can also compound their earnings through regular deposits, rolling rewards as well as team-based referrals. Unlike many other platforms promising a consistent daily % return, the faucet’s contract cannot drain and will always be able to provide the drip that has been rewarded.

Where do DRIP Rewards come from?

Drip rewards come from a 10% tax on all drip transactions.
(exclude Buys from the platform’s swap page)

You get taxed 10% everywhere. Deposits -10%, Claims — 10%, Sells — 10%, Airdrops — 10%, Transfers (from one wallet to another) — 10%, Hydrates — 5%, etc. These all go into 1 central pool to pay out everybody’s 1% a day, and because the incentive is to compound instead of sell, that’s more and more DRIP being taxed at 5%. The math of the site is designed to pay for itself so long as the majority of the folks stay within the Faucet, which is your greatest incentive for DRIP to climb to new heights.

If there is ever a situation where the tax pool is not enough to pay drip rewards, new drip will be minted to ensure rewards are paid out. Given the ingenious game theory behind the drip network, the probability the system will need mint new drip to pay rewards is extremely low. Since drip deposited into Faucet are sent to a burn address and drip is constantly being locked in the liquidity pool through the reservoir contract, DRIP is the only deflationary daily ROI platform.

How It Works

1. Cryptocurrency exchanges such as Binance.com, FTX.com, Binance.US, Bithumb.com, and Kucoin.com offer BNB.
Buy BNB from them and keep in wallet (Metamask, WalletConnect or Binance Chain Wallet)

2. Go to the DRIP Fountain and exchange BNB for DRIP.

3. Then go to the DRIP Faucet tab and use this buddy address to join before you deposit drip.

0xc5E7AC256f7c4a9127168aB2ba573c08aB2e6FD2

(You can click on the Buddy Detected button at bottom of “Get a Buddy” section)

Then click on the UPDATE button to lock in the buddy.

You can use this link to get to the deposit page : https://drip.community/faucet

4. Deposit at least 1 DRIP (Ensure you have enough BNB to pay for the gas fees.)

5. You’re set up on DRIP. Get ready to receive 1% daily!

6. Every second day you need to click on the “Hydrate” button to compound your DRIP deposits.

7. Once you have 100 DRIP you can start to alternate between Hydrate and Claim. This way you will be able to grow your account and start to take out DRIP and convert to cash for spending.