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Drip – How often to claim to get most profit?

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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?

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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

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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

I joined the Drip community – Ready to make millions

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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

Earn money in your spare time – Cointiply – follow-up review

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As promised in the previous article about Cointiply (and how to withdraw), I gained some further experience with Cointiply, played with all the various options, and increase my balance with them even more. The intention of this article is to show you, how you can (actively) earn additional income by completing the activities offered by Cointiply.

You find these on the Dashboard under the “Earn” menu item.

Roll the faucet

Lets start with the easiest activity offered: the faucet. Here you can roll the wheel every hour and gain a few points. Easy and quick task, but the rewards are obviously also not that high. I still did roll it from time to time to gain some extra points.

View PTC Ads

The next activity I explored was viewing some ads. Also not that much energy you have to invest to be honest. There are usually many offers waiting for you to explore. Some of them you have to view for 5 seconds only, others take longer. The longest I had went for 45 seconds. Quite obvious that you get more points for the longer activities and less for the others. You have to make sure, that the tab showing the ad keeps the focus. The Cointiply tab displays a countdown on how many seconds more to go. Ones the countdown completed you have to solve a small captcha by clicking on a item and you get the points rewarded. Quite simple, right?

Play the multiplier

This is a betting game, where you can wage a certain number of coins (minimum of 10 coins). You then have to pick some random targets. If you pick the red gems you win, if you pick a black gem, you loose the round and your initial investment. If you are lucky, you can make it up to level 11. Guess, that takes a lot of luck. You can also click on “Take win” and collect your profit. Maximum multiplier is 61x.

I haven’t played this game a lot, as I am not such a big fan of these kind of games. And I usually loose anyway. Although that is quite personal. There is more information on the game in this document.

Play Games

Playing games, sounds like a lot of fun, doesn’t it? Lets have a look: Click on “Earn” and then on “Play games”. This leads you to a new tab, showing short instructions (like not having an ad blocker active), where you got to click on “Start playing & earn coins”. Click. This embeds a window of a mini game website, where you can choose your game and start playing. While you play, a bar on the top screen starts to fill up (slowly) and once its fully filled, you get some coins. Here is how it looks like:

Refer Users

This one is quite obvious: Share the link available under “Earn” -> “Refer users” with your friends and you will earn also a commission when the earn money. Win-Win.

If you like to use my referral link (thank you) it is: http://cointiply.com/r/XeGvg

Cointiply Quests

There is a new feature which I didnt explore that much yet which is Cointiply Quests. Solve the quest and claim your reward for it.

Surveys and Offers

Probably the best opportunities to gain points and earn money: Completing surveys. Of course you can also accept many other offers, like signing up to a website, installing a mobile app, and many more. Survey will be the activity gaining the most.

There are many survey providers available like Yuno Survey Direct, Your Survey Direct, Theorem Reach and others. They all offer on a daily basis various survey for you to complete. Some consume only 5 mins of your time, others take up to an hour. The more time you need, the more you earn. Make sure to answer the questions honestly, as your answers will be verified: There are (obvious) control questions during the surveys, but also your answers are getting checked for consistency in the background. Great way to earn many coins.

Conclusion

Cointiply offers quite a broad range of activities to go through and earn coins. Quite impressive on how many offers are available on a daily basis to choose from. There is something in there for every one. My favorite activity is of course taking a survey to gain most points.

I also have to mention the help desk, which is amazing. You get a always friendly reply within 24 hours, and my problems were solved. Great service, which I really appreciate.

To gain some additional money outside of my day job, Cointiply is for sure one of my favorite sites currently. Highly recommend to give it a try, if you haven’t yet.

Cointiply – Earn crypto currencies in your spare time

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What is Cointiply?

On the Cointiply platform your are offered various tasks on a regular basis to complete and earn points. This points can then be withdrawn in either Bitcoins, Litecoins, Dogecoins or Dash. It is a great opportunity to earn some additional cash in your spare time. Or when you are bored and want to earn some additional bucks.

What kind of tasks are offered?

You can do one of the following activities to earn points on Cointiply:

  • Survey – There are several survey provides collaborating with Cointiply, so you should have always a bunch of tasks available to complete. In my experience you will receive most coins from completing these surveys.
  • View ads – Watch ads for a few seconds and earn some coins. Not a lot to do, not a lot of coins of course.
  • Roll the Faucet – Every hour you can play the free faucet and earn some free coins. There is a maximum of 308 coins to win.
  • Play the multiplier – Multiply your Coins up to 63x by playing the fun and addictive CointiPlay multiplier.
  • Play games – Play games and view ads to earn Coins. Available to all countries, every day!
  • Refer friends

Withdrawing

This is mostly the tricky part in my experience with most of these faucet and activities sites, hence I was waiting with providing a review before I couldn’t confirm the withdrawing process works fine. So I just tried to withdraw the minimum amount of 30,000 coins (around 3 USD) to my litecoin wallet. How did it go?

I used a mail from this domain, which somehow didn’t work. So I switched with the help of the Cointiply support to a Gmail address. This worked flawless. Support service is really great I have to say. Very responsive, friendly and gets the job done. (Thanks, Alex)

So here is the documented process:

  1. Go to your Profile-Icon on the top-right and select “Withdraw”.
  2. Select the currency you like to get paid in. I selected LTC given it got very low transaction fees. Add your LTC Wallet address and the amount you like to withdraw. Minimum is 30,000 points, which I used.
  3. Confirm your withdrawal request by providing your password to receive a confirmation mail to approve the payment
  4. Check your mail inbox and click on “Approve this payment”
  5. Then you get a mail confirming that your amount is getting sent. This took a couple of hours in my case.
  6. The Litecoin amount was received on my Binance wallet.

I will provide further details of my experience with the Cointiply site a bit later after gaining more experience. If you like to play around with it too, please feel free to use my referral link below. Interested to hear your feedback.

http://cointiply.com/r/XeGvg

Withdrawal process gallery:

This article contains my referral link. Many thanks for your support by using it.

CoinFaucet.net review

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Who does not like free coins and tokens? I guess all of us do. Although there is no such thing as a free lunch, you get some ads on your screen, as you probably already guessed.

So how does CoinFaucet work?

  1. You sign-up for an account and login
  2. You select your desired coin
  3. Fill in the captcha text
  4. and spin the wheel

So now a bit more details to it: CoinFaucet offers a huge list of coins you can play for. As per their web page it is currently 851(!) currencies (screenshot above). They offer the most popular ones like Bitcoin, Ethereum or Tether, but also less known ones like Pundi X. Have a look under “List Coin” to find you favorite.

Pick your desired coin and click “Play” or “Bet”. We look at the “Play” option today and safe “Bet” for a later point in time.

Once you are on the screen “Get your free AVAX” – I have chosen Avalanche for this example – you see the winning numbers on the left hand side on the page and also how much AVAX you get: Spin a 10000 and you get more then 80 AVAX at the time of writing. Quite a good deal for just clicking a few buttons. Although even is says “This game is probably fair”, it is quite unlikely to get that. But hey, the effort is pretty small, so I guess you have to accept that you need to press quite a few times to that. So enter the “captcha” and click “Roll” and see how lucky you are…..

I got the minimum account in the screenshot below as you see. So I will give it another try in an hour.

There is a “I don’t want to wait” link there too, but this function is currently disabled it seems. I will update this review, if things should change in the close future.

Of course you can also withdraw the coins you earned. There is a minimum of 50USD to be withdrawn – to save on transactions costs I guess – so you need either quite a few spins or at least a lucky spin.

CoinFaucet also offers a referral program where you can earn 50% of what your referrals make. You will find your link at the top where it says “Referral”.

How does CoinFaucet make money themselves? Well, as mentioned in the introduction they advertise on all their pages and earn their money via these ads and pass on these earnings to their visitors by paying out all of these tokens.

If you like to give Coinfaucet a try and earn some free coins and tokens, please feel free to use also my referral code. Many thanks for your support and good luck in spinning that wheel.

I will continue to play around with it. Although I am remain skeptical due to the high threshold of withdrawals: Getting ever to the 50 bucks sound almost like it either takes ages or you need an army of followers. Also not sure how active the team behind the faucet really is anymore… Any one knows more here?

I think there are better portals with better reputation out there like Cointiply, which I am testing at the moment. Review to follow of course.

Review free bitcoin faucet: btcclicks.com (2021 update)

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Overview

BTCClicks.com is another free bitcoin faucet site paying mBTC’s to view their clients ads. It got standard and premium memberships, offers to rent referrals and more to earn more then a standard user. And it works actually pretty well in my experience so far after testing it for a couple of weeks.

How it works

BTCClicks displays ads from their paying customers to present it to you as a bitcoin receiving viewer of the ads. Depending on how long you have to view the adds the more Satoshi’s you will get booked to your account. This can be anything from 60 to 180 seconds; 1 ads will get at the point of writing around 0.00001 and about 0.00003 mBTC. From your dashboard you go to “Surf ads” select the ones you are interested in or  pay most and the ad will open up in a new tab/window of the browser. BTCClicks starts counting down the seconds, a captcha shows up, currently a small calculation, enter the result and you get the mBTC’s booked to your account. Once you got 0.10000 mBTC you are able to withdraw to your wallet immediately. Make sure you login latest after 45 days, otherwise your balance is getting reset. Back to zero (as I found out the hard way….).

If you will get a premium member of BTCClicks – which cost currently 0.27 mBTC for 90 days – then you will get doubled mBTC’s per ad. The same for your referral rewards.

BTCClicks offers also an affiliate program, with various referral methods. Some of them are paid, which I will not go into further details. Straight forward option is using direct referrals: If you are using my links from this article, you will be a direct ref feral as example (thanks for your support).

Tips’n Tricks

  • Select the longest ads as they pay the most
  • Have it displayed on a separate window/tab – still in the front – so you can also multi-task while viewing the ad

If you are looking for further ways to earn (almost) free coins, check out this site here: Free (Bit-) coins

Screenshots

Review free bitcoin faucet: btcclicks.com

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Overview

BTCClicks.com is another free bitcoin faucet site paying Satoshi’s to view their clients ads. It got standard and premium memberships, offers to rent referrals and more to earn more then a standard user. And it works actually pretty well in my experience so far after testing it for a couple of weeks.

How it works

BTCClicks displays ads from their paying customers to present it to you as a bitcoin receiving viewer of the ads. Depending on how long you have to view the adds the more Satoshi’s you will get booked to your account. This can be anything from 10 to 60 seconds; 10s adds will get at the point of writing around 39 and a 60s ad about 103 Satoshi’s. From your dashboard you go to “Surf ads” select the ones you are interested in or  pay most and the ad will open up in a new tab/window of the browser. BTCClicks starts counting down the seconds, a captcha shows up, currently a small calculation, enter the result and you get the Satoshi’s booked to your account. Once you got 10’000 Satoshi’s and are able to withdraw to your wallet immediately.

If you will get a premium member of BTCClicks – which cost currently for 90days 0.0081 BTC – then you will get more Satoshi’s per ad, and also more referal reward then a normal user. As example a click reward for a 20s ad for a standard user is 50 Satoshi, for a premium user it is 100 Satoshi.

BTCClicks offers also an affiliate program, with various referal methods. Some of them are paids, which I will not go into further details. One of these options is the direct referals option, which works as known from other sites:

Tips’n Tricks

  • Select the longest ads as they pay most Satoshi’s
  • Have it displayed on a separate window – still in the front – so you can also multi-task while viewing the ad

Screenshots