Defi

Drip – How often to claim to get most profit?

Leave a Comment

Welcome to another episode of our Drip journey. Please feel free to read my other articles about drip like “I joined the Drip community – Ready to make millions“, “Drip – What is the BR34P token used for?” and “Drip – What are the risks?” if you are new to Drip.

Today we look at getting the maximum out of the 1% daily reward and how often should we claim. I am aware of the more complex strategies, but lets have a look at the simple technics today and cover the more complex strategies a bit later in our series.

So Drip pays out 1% on a daily basis on your deposited tokens in the faucet. So the more you deposit, the higher your reward. Have you read about compounded interest? Or interest on interest? This is exactly the big power of the system. The more often you compound, the higher your reward gets. You deposit every day your reward, your deposit increases and so does your daily reward. Exponentially.

But what happens if you re-compound just every other day, or weekly or even only once a month? How big is the difference in profit?

I did the calculations for exactly that.

The table above shows you the number of coins you will end up with if you re-compund daily, weekly or monthly with an initial investment of 10 Drip tokens. To my surprise the difference is not as big as I expected it to be. Of course you got the most profit out if you re-compound as much as possible. But you got also the fees you pay for each transaction. I ignored those for simplicity here. But as you can see, if you spend only a few minutes a month and re-compound only once every month you end up with only about 8% less coins after a year. With way less effort then pressing the buttons every day.

Conclusion

Daily reward is nice. Daily re-compound means you have to think about it each and every day and go to the faucet and claim. And pay the fees. To make it closer to passive income I think it is enough to re-compound just every other day, not having to think about Drip on really a daily basis. Unless you really enjoy. Then please, go for it.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – What are the risks?

Leave a Comment

Lets continue on our Drip journey. Today we will look at the risks involved when joining the Drip network. Shall we?

Rug pull

As your initial investment is locked forever, the devs could just run away with all the funding deposited and enjoy the rest of their life. Given the fact that Drip is already operating for over 12 months successfully, I would rate his risk as very unlikely. Rug pulls usually happen at the very beginning of a project, shortly after the tokens are sold, all the investors are full of hope, the price of the token is shooting up and ….. the team with the money in their pocket runs away. As said, very unlikely at this stage of the project in my humble opinion.

Tax pool liquidity

What happens if the whole system runs out of liquidity? Lets remember the Drip whitepaper: All transactions are taxed with a 10% fee. There is even a whale tax applied. Initial investments are locked. So all new buyers add liquidity, all transactions provide liquidity. But never the less, the system has to provide 1% reward on a daily basis. This sums up exponentially. Even if the price chart shows that some momentum is back in Drip, all the transaction fees need to still take care of all the daily rewards. So in my opinion this is the biggest risk in the systems and with the highest likelihood in my opinion.

As per the white paper there is the option, if the tax pool should ever be in the situation where there are not enough Drip tokens available, that new Drip tokens can be minted. This would be then an inflationary measure, the overall Drip volume will be increased, which would lead as to the following risk.

Token price

Well, I guess this risk exists with all crypto investments. No matter how many tokens you earn over time, if the price goes down to zero, your investment is also worth zero. How likely is that? Lets have a quick look at the current price start since Drip’s launch:

As you can see, Drip’s all time high was around 160 USD. Currently the price is less then 10 USD. The price went even up from 5 to 10 USD recently. How likely is it nowadays that the price goes to 0? Unfortunately I do also not have a crystal ball as well, and a price drop is again possible. Although I think chances of profiting are at this price level way higher then loosing again. Even if the price falls down in the short term, with the compounding feature one should still earn money if the entered the game at such a low price. So price drop short term is likely, but mid to long term I see this also as unlikely.

Is there any other risk out there which is not listed here? I would appreciate to read your feedback. Lets learn together.

Mitigation measures

So what can we do to minimize any potential loss? I guess the general rule for all investments applies here too: Invest only money you can afford to loose. Not more. And in addition, to not always re-compound your rewards, but take some profits from time to time as well. At least that much to get your initial investment back. You can use this to start the next project.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – How to claim your first slice of your millions to come

Leave a Comment

Or in other words: How to claim your first daily reward of 1%. So pretty much 24 hours after my initial deposit, my reward is ready to be claimed. Or, as we like to increase our rewards going forward, we will not claim, we will re-compound the profit to increase our deposit and get a slightly higher reward in the next 24 hours. Ready?

How to compound

The process is pretty easy and straight forward. Let me show you. As a first step go to your Faucet site and connect your wallet if not done yet. The dashboard shows you at the top left corner how many Drips are ready to be claimed. In my case I earned 0.129 tokens on the first day. In USD this is 1.27 USD. Remember my article here, where I stated that my initial investment was about 100 USD? Bingo, roughly 1% of reward. Not bad, huh?

Now lets re-compound our earned tokens by clicking on the “Hydrate (compound)” button on the right hand side of the faucet side. Your wallet will ask you to confirm the transaction, approve that, wait a few second until you see this screen:

Congrats, you compounded your reward. Our deposit increased and the reward will be calculated on the increased amount.

And that is it already. This should be your daily (or every other day) routine as Drip community member. And passive income earner. Lets increase you investment and earnings going forward.

Buddy/Team

If you like to join me on my Drip journey and are looking for a buddy and/or a team, feel free to use my link below. You are very welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

Drip – What is the BR34P token used for?

Leave a Comment

You might have ready my article “I joined the Drip community – Ready to make millions” yesterday. Yes, I started digging into the Drip system and bought my first tokens.

Today we are exploring the BR34P token.

What is BR34P used for?

As Drip supports a referral system where you can earn from your downline, your team. In order to receive these referral rewards, you must hold BR34P tokens in your wallet. Just in your wallet, not staked or deposited somewhere.

Depending on the size and structure of your team, you need a certain amount of BR34P tokens. The bigger your team, the more tokens you need to own. Here is the requirements from the whitepaper:

BR34P token requirements

Examples

Lets assume you have a team of 5 members. One of your members referred another colleague. So from your perspective you got 2 Levels and would need then 3 BR34P tokens to be eligible for the rewards from both levels. Pretty straight forward, no?

Timing is crucial here: If you don’t own the required number of tokens by the time one of your team members make a deposit or re-compounds, you are not eligible for the reward. So make sure you have them ready when planning on building a team.

Where to get the BR34P token

You can buy the BR34P token as any other token on Pancakeswap. Just make sure you enter the correct contract number of BR34P into the system when buying. Checking CoinMarketCap this is 0xa86d305a36cdb815af991834b46ad3d7fbb38523. Please verify yourself that your are buying the correct token.

Buddy/Team

If you are looking for a buddy and/or a team, feel free to use my link below. You are welcome to join:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

I joined the Drip community – Ready to make millions

Leave a Comment

Yes, I joined finally the Drip community and bought my first tokens. Why now?

Introduction

First lets start of with what Drip actually is. As you are reading the article I assume you are either familiar with Drip or you at least heard about it. Either as life changing money maker providing a 1% daily return or as scam and ponzi-scheme where you loose all your money.

So in other words: You either hate or love it. As always there is not only a black and white view, there is much more to it.

Lets have a look at the facts, eg. Whitepaper:

  • BEB-20 token on the BNB Chain (Binance, BSC)
  • Captures value by being scarce, deflationary, censorship resistance and being built on a robust decentralized blockchain
  • Got its own little exchange under the “swap” tab waiving buy tax
  • Deposited in the faucet will provide a consistent 1% daily return
  • Liquidity provider options by providing BNB
  • 10% on all transactions
  • Referral system to manage your team (eg. like aidrops) and earn from your downline
  • BR34P token required to earn from your downline

So the heart of the system is the 1% daily return, which can be claimed or hydrated (compounded). This gives huge returns over time due to the compounding effect. That is exactly what I will start reporting about, like I did with HNW Raffinery. But more often. Promised.

Why did I buy now?

Well, looking at the price chart of the token it came down quite a lot. Drips all-time-high was at around 160USD. Today the price is below 10 USD. There seems to be some momentum coming back to the drip token as its price increase from 5 to 10 USD. Also I read about marketing campaigns that are getting started. Hence I thought the time is actually good to buy my initial investment.

How to start earning

So I started by buying some Drip tokens on the Fountain Swap. 10.65 to be precise, remember the 10% tax on all transactions. So around 100USD deposited at current price level. Just for the records.

Get a Buddy: As I read from so many sources about Drip in the meantime I didn’t want to select a single buddy, but ignore all the others who provided valuable content. That would be unfair. So I decided to use the overall dev wallet as buddy to support further development and marketing of the network and community and support everyone with that. (Does anyone know if this has any negative impact one way or the other? I couldn’t find anything related to that).

Then I deposited the 10 tokens in the faucet. Now it is time to wait and claim my reward tomorrow. Or the day after. Depending on the fees I pay… but hey, I am ready to make millions.

Are you interested in joining me on that journey (and make millions)? If you are, please feel free to use my buddy link below and lets explore the Drip network (finally) together:
https://drip.community/faucet?buddy=0xb3C253D80578f569cFd4fe2E916EDbF01B384577

HNW Refinery – 90 days – How much did I earn?

Leave a Comment

Remember my article back in May? When the crypto world was still in paradise. A few days later the Luna crash occured. the rest is history.

So time to review how my investment into the HNW refinery is doing. Lets recap quickly: I bought 100 tokens at 0.37 for a total of 37.55 USD. Removing the buy tax costs I ended up with 95 tokens which I deposited into the refinery. What happened since then?

Well, as you can imagine the token price of HNW is not where it used to be anymore. Similar as all the alt-coins the price of the token decreased drastically. Not as bad as some alt-coins which are down 99%, but it is down 90%. Checking the dashboard this morning the prices is at 0.039 USD.

How money tokens do I have? Remember, the refinery pays between 0.8 and 1.2% daily rewards.As I didn’t buy any xSK tokens (yet) I got 0.8%. I didn’t claim on a daily basis given the fee costs, but claimed regularly. So how does my dashboard look like?

As you can see my amount of tokens increase quite a bit: From 95 to over 700 tokens. Of course, given the price reduction of 90%, and a token increase of around 700%, still gives a loss overall. I invested 37.50 USD, the investment is currently 27.59 USD worth.

What next? Well, given the increase of the tokens with pretty much no effort, just pressing the button every couple of days, I will definitely continue growing my tokens. Should the overall value of the crypto market increase in the coming months then I expect to be in the profit zone pretty soon.

If you like to join the journey, please feel free to use my address as wingman:
0xb3C253D80578f569cFd4fe2E916EDbF01B384577

If you need guidance on how to be part of the refinery, please have a look at my previous article. There is a step-by-step tutorial in there.

Any feedback or questions? Always welcome and appreciated.