reward

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 – 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

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.

HNW Refinery – Is this the new Drip?

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As mentioned in one of my other posts a while ago, I will start to explore some high risk DeFi projects going forward. Here is another journey I started only today.

Have you ever heard about Drip? Pretty sure you did: Invest into Drip, buy some tokens, deposit them and you will be rewarded with 1% on a daily basis. You either re-invest this amount or you take profits and claim it. Drip also used a referral system, where you can profit from your ‘team’ which led to quite a lot of Drip articles on Medium and everywhere.

I have to admit, I never used Drip myself. Looking at the current price chart of it, I decided to not choose Drip for my experiment (or better experience), but use one of the new similar and hopefully improved systems instead: HNW refinery. Let me take you on my journey. Keep in mind, I am just learning about this system together with you. Should we get started?

Overview

The team behind HNW is, as per their Whitepaper, a “team of professionals who want to change the crypto space through hard work, ingenuity, and trust.” And this is intended to be achieved by community building the best offers to clients and investors. It is mentioned a several places that the teams mission and number on priority is to keep the investors money safe. That is a good starting point I would say.

HNW is collaborating with many so called alliance partners like Sidekick Finance, Crypto-Logic, Crypto-Hunters, etc. and offers various services in the area of NFT integration, community building, fund raising, anti-bot & other safe launch measures, smart contract consultancy and much more which adds utility to their tokens.

The foundation of the whole platform are 3 tokens:

  • HFUEL: To keep it short, this is actually the only token you need to start earning with the refinery. You deposit HFUEL tokens, which will allow you to earn rewards from your deposit.
  • HNW (xHNW): Mainly used for team leaders, or wingmen, as they are called here. Staking of these tokens is required to increase the maximum payout of your wallet. See picture below.
  • Sidekick (xSK): Staking of xSK can increase your daily reward from 0.8% up to 1.2%. See picture below too.

Tutorial – how to get started

Lets keep this article a bit shorter then intended first, a follow-up is planned, lets have a look at the steps I took to get started. Feel free to use it as tutorial for yourself too.

I bought 100 HFUEL as a starting point and received 95 tokens in my wallet. There is a tax of 5% on any buy, sell, deposit, transfer transactions. I then deposited the 95 tokens in the refinery and ended up with 90 HFUELs. So in other words there is a 10% tax to start with the refinery. Keep that in mind if you like to deposit a certain amount of tokens.

Prerequisite:

  • Metamask using the Binance Smart Chain
  • Some BNB (or BUSD) to buy HFUEL tokens and then also some BNB’s to pay the gas fees obviously

Steps to deposit in the refinery:

  1. Head over to the HNW dashboard.
  2. On the left side click on HFUEL to open the menu and then click on “Buy”. This directs you to PancakeSwap and you can add directly the HFUEL token to the token list to swap. Just accept adding the token to your list.
  3. Swap your BNB or BUSD for HFUEL tokens.
  4. Head back to the HNW site and click on “Refinery” and then on “Pipeline”.
  5. As a first step here you have to select your “wingman”. This is your team leader in the system. Either do your own research for your preferred wingman or feel free to add my address to support my journey in this area: 0xb3C253D80578f569cFd4fe2E916EDbF01B384577. Make sure to confirm the transaction.
  6. Then it is time to deposit the HFUEL tokens. Either hit “Max” or enter the number of HFUEL tokens you like to deposit. Once the number is added, click on “Approve” and then “Deposit”.
  7. As soon as your deposit is done, you will see your number in the dashboard in the section “Available” starts increasing.

Claim or refuel?

Once you deposited your HFUELs in the refinery you start earning rewards. As mentioned, depending on your stake of xSK between 0.8 and 1.2% daily. You can claim (5% tax) these and sell (15% tax) your tokens if you like.

Probably the better option at the beginning, and this is where the power of compound interest will show its strengths, is to refuel your earnings. So you will end up not only earning on your initially deposited tokens, but in addition also on your reward.

Lets assume you deposited 100 tokens and you earn 1% (for simplicity) you will earn 1 token after a day. If you refuel, you will earn 1% on 101 tokens the next day, which is 1.01 tokens. The next day 1% on 102.1 tokens, and so on. If you do your math, this sums up nicely for you.

And now?

So is this the new Drip? Before jumping to conclusions yet, lets explore the system further, lets see how the deposit growths, lets refuel to gain more. And lets have a follow-up to see if this investments was worth it.

Again my wingman address, if you like to use it:
0xb3C253D80578f569cFd4fe2E916EDbF01B384577