Drip Network (DRIP) is “the first-ever deflationary daily ROI platform” that offers a daily return on investment. Its DRIP token is a BEP-20 token on Binance Smart Chain (BSC) that promises investors 1% daily returns on their investment for up to 365% of their principal. Rewards come from a 10% tax on all transactions.

For example, if you deposit $1,000 into the Drip Network, you pay the 10% deposit tax and receive 1% on the remaining $900 every day. You do not receive your principal back, but you can get up to 365% of it in rewards, in this case, $3,285 (365%*$900). You can also choose to reinvest your rewards and compound your potential maximum payout. However, the limit is always 365% of your total investment, up to a limit of 100,000 DRIP.

In its roadmap, Drip Network promises a cross-chain bridge to expand the project beyond Binance Smart Chain and NFT rewards for investors that hit specific goals.

Drip Network was launched in July 2021 by two anonymous accounts called “Forex_Shark” and “BB” and their “team.” There is no other information available about these people, hence why investors should be highly cautious of a possible rug pull. Even though Drip has been around for more than six months at the time of writing, examples like SQUID show that investors should proceed with utmost caution when investing in projects with great promises launched by anonymous accounts.

Drip Network takes a different approach than other reflective tokens that promise a deflationary dynamic, making it an interesting case study. The three main aspects of Drip Network are its daily rewards, its referral system, and its compounding mechanism.

Investors can buy DRIP from its native “fountain contract” on the site, thereby waiving the 10% deposit tax, or acquire it from Pancakeswap and pay the tax. As mentioned, investors forfeit their deposit amount but receive 1% daily rewards from “The Faucet.” Drip Network states that deposits into the Faucet are sent to a burn address, making DRIP deflationary. However, the protocol does not specify if all deposited DRIP is burned or only a part of it.

To deposit into the Faucet, investors need to use a referral code provided by someone else - “join someone’s team,” as Drip puts it. Investors can receive referral rewards from newly referred parties if they hold a certain amount of BR34P tokens in their wallets. You can earn rewards from a maximum of 15 referred investors, all of whom need to meet the minimum BR34P token threshold.

Investors can also compound their initial investment, called “hydrating” in the Drip ecosystem. Hydrating incurs a 5% tax instead of the 10% tax on claiming rewards. If investors choose to hydrate instead of claiming their rewards, they raise their principal investment and thus their daily reward.

Yet another way of receiving rewards is “The Reservoir,” which is the reward pool of Drip’s liquidity pool. Investors can provide liquidity to the DRIP/BNB pool and receive a share of the 10% transaction tax. 2% of that tax goes to liquidity providers, 3% is locked in the DRIP/BNB liquidity pool and 5% goes to the reservoir pool. Furthermore, there is a 1% fee on swapping DRIP/BNB, and the fee is distributed to reservoir pool liquidity providers.

There is also a whale tax to curb big holders from dropping the price of DRIP too much. For instance, if a DRIP investor wants to sell more than 10% of the total supply, they would have to pay a 50% tax on their transaction.

DRIP has a total supply of 1 million. The team does not specify how liquidity was bootstrapped. However, according to Bscscan, the Faucet contract is the biggest holder with 620,000 DRIP.

DRIP is a BEP-20 token on Binance Smart Chain (BSC).

BSC is secured using a proof-of-stake (PoS) consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain the blockchain’s security. These validators have to stake a certain amount of Binance Coin (BNB) with Binance to be eligible.

Drip Network does not list any smart contract audits.

DRIP is available on Pancakeswap (V2).

If you want to learn more about how to start buying cryptocurrencies, you can read more in our guide.

The all-time high of DRIP was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Drip Network (DRIP) is 0. The current price of DRIP is down 0% from its all-time high.

As of , there is currently 0 DRIP in circulation. DRIP has a maximum supply of 100.00M.

The current market cap of DRIP is 0. It is calculated by multiplying the current supply of DRIP by its real-time market price of 0.003073141606.

The all-time low of DRIP was 0 , from which the coin is now up 0%. The all-time low price of Drip Network (DRIP) is 0. The current price of DRIP is up 0% from its all-time low.

Drip Network (DRIP) has a market capitalization of $0 and is ranked #9894 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Drip Network (DRIP) price trends and patterns to find the best time to purchase DRIP.