Crypto & DeFi

Not long ago our world was in financial chaos, and history repeats itself every decade or so, benefiting large corporations and their riches, leaving the common man out. To change this, a common man invented something new for the benefit of his fellow common man and his name is Satoshi Nakamoto the inventor of Bitcoin.

Bitcoin’s intended purpose was to revolutionize the financial system by, among other things, eliminating intermediaries (i.e. banks). However, each (Crypto) iteration takes a few years, to a decade, to mature, and be independent. While we dream for that day to come, we are all intrigued with lots of opportunities in the Crypto world to reach our financial independence. One such opportunity is DRIP.

DRIP in its definition

DRIP is a CD-like crypto project (BEP-20 token on Binance Smart Chain) that allows you to make a remarkable return of 365% APY where DRIP tokens are paid back to you in 1% installments based on your original deposit for 365 days. This can be turned into incredible returns of up to 3,678% a year if you re-compound (“hydrate” in DRIP parlance) your returns daily.

You can check DRIP on Coinmarketcap.

Sustainability

When it comes to DRIP Network’S sustainability, the system sustains itself on taxation. Except Hydrating (compounding) which is taxed 5%, all other transactions (e.g. Deposits, Withdrawals, and Claims), are taxed at 10%. This taxation system pays the 1% daily returns on participants’ investments.

Tax and Rewards

As per DRIP light paper on tax and rewards:

“DRIP rewards come from a 10% tax on all DRIP transactions excluding buys from the platform’s SWAP page. 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 that the system will need to mint new DRIP to pay rewards is extremely low. Since DRIP deposited into Faucet is 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.”

DRIP Taxes

I made an easy to understand tax information (transaction fees) on everything you do on DRIP below

• Buy DRIP on fountain (DRIP official website): Free

• Buy DRIP (Other than fountain): 10%

• Deposit/Stake: 10%

• Withdrawals (Claims): 10%

• Sell DRIP: 10%

• Send DRIP from wallet to another wallet (including ledger wallets): 10%

• Hydrate(compound your Interest to deposit): 5%

Future

DRIP is tied to BNB, giving it price swings alongside BNB. The DRIP Development team is launching stablecoin pairs DRIP/BUSD and DRIP/DAI in partnership with https://stablefarms.finance yield farming to give more predictability to its price, and an easy way to buy/sell DRIP with the stable coin liquidity.

Let us understand DRIP in action

Let’s understand if DRIP can replace your income to achieve financial freedom.

The average median income per week in the USA is about 50,000 USD per year that comes to about 1041 USD per week. Let us see the calculation of how long it will take by investing 4 DRIP a month into the faucet to replace that income. Right now 1 DRIP is about 26 USD (as of this writing). 4 DRIP is about 104 USD approximately. Let assume you deposit 4 DRIP worth 100 USD in a month and do it for a little over a year. Check the below screenshot

At the end of 14th September 2022, you will reach the median weekly income goal of approximately 1000 USD plus after withdrawal taxes by DRIP system

Can you get this income for a lifetime? No, you can only get it for a maximum of 365 days.

Why?

With each claim, your honeypot value decreases as you are no longer compounding your returns. The best way to make this sustainable is to withdraw 3 days a week once you reach your goal and compound the rest of the days to have a sustainable income for a very long period. Let us do revised math again to incorporate sustainability factors in our calculations with the same goal of the median income of approx. 1000 USD per week and run our compounding formula with a monthly 4 DRIP deposit.

Voila! At the end of the 16th month you have reached your goal! Just withdraw for 3 days in a week(about 1000 USD approximately in total after DRIP taxes), and compound the rest of 4 days of the week, and you have a self-sustaining system that gives you income for the foreseeable future

Apart from this, DRIP offers a referral system that you can earn from direct and indirect referrals where you can earn more from direct and indirect referral taxation. However this is not mandatory to participate in the DRIP system. But if you do want to build your downline make sure you hold at least 2 bR34P tokens in your wallet, which is required to get your rewards from your first downline, and more tokens are required to get rewards from further downline. Please check bottom of DRIP official website for further information

BR34P

You can buy BR34P token from v1 pancake website for low slippage at:

https://v1exchange.pancakeswap.finance/#/swap

DRIP can be your key to financial freedom and could even replace your day job at a point if you plan it well according to your goals of a specific daily withdrawal target

Is DRIP a safe investment?

Like every Crypto investment, there are risks associated. For tis reason, you should only invest in what you can afford to lose. Everyone investing in any project should do their due diligence before investing.

How to Start

1.Go to https://drip.community/fountain and exchange BNB for DRIP.

2.On the Faucet page enter a Buddy address in the Referral section. (Join my team for excellent support)

0xCD59117173e641455e455167ee59536fA0e93846

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

4. Once deposited you’ll start to receive 1% daily. Every 24 hours compound by clicking the HYDRATE (re-compound) button.

For a more in depth guide check out my step by step guide here: https://docs.google.com/document/d/16ve_eqLsw7uSovnpASwVUIAF8LnHfXUwGwm1onbiZHs/edit?usp=sharing