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DRIP FAQ
This page has step by step instructions on how to get started with Drip http://frequentpaydays.com/how-to-get-started-with-drip-network-step-by-step-tuturial/
Most ROI platforms are paying rewards from other member’s deposits. When rewards are being paid out from the member’s deposit the contract will eventually drain, and no further rewards will be earned. Drip rewards come from a tax pool, and if at any point the tax pool is drained, then new tokens will be minted in order to continue paying out rewards. In other words, drip will continue to payout the 1% a day rewards regardless if new players are joining the contract or not.
Yes. Drip has a referral program, it is a 10% bonus that is paid out round robin style whenever a player deposits, hydrates or claims from the faucet. In order to receive rewards from the referral program you must have a net positive account (hold a deposit that is higher than the amount of DRIP you have claimed, and you must hold BR34P tokens as follows:
Accessible Downline Level | Required # of BR34P in Wallet |
1 | 2 |
2 | 3 |
3 | 5 |
4 | 8 |
5 | 13 |
6 | 21 |
7 | 34 |
8 | 55 |
9 | 89 |
10 | 144 |
11 | 233 |
12 | 377 |
13 | 610 |
14 | 987 |
15 | 1597 |
Drip Deposit Bonus Example
Your referee deposits 10 Drip into the faucet.
The 10 Drip is taxed 10% = 9 Drip Balance
10% Bonus = .90 Drip
Drip Hydration Example
The 10 Drip is taxed 5% = 9.5 Drip
10% Bonus = .95 Drip
<div class=”nomics-ticker-widget” data-name=”BR34P” data-base=”BR34P” data-quote=”USD”></div><script src=”https://widget.nomics.com/embed.js”></script>
No. Once you have deposited tokens into the faucet, you cannot remove them from the contract. The rewards/available balance are the only tokens that can be removed from the contract.
One thing that I have grown to love about this is it has forced me to learn patience when it comes to growing a crypto account. If my balance was available I may have removed it prematurely and would have missed out on the amount of rewards I have gained. In my opinion, having the token locked has taken away my emotional attachment, and kept me from FOMO.
If you were to claim your rewards everyday from day 1, you would ROI in 100 days. However, I would not recommend playing the game this way. The game is set up to encourage positive behavior, and discourage users from leeching the system. If you were to claim rewards for the 1st 100 days, you are more likely to end up with a net negative account. The longer you compound, the better the health of your drip account. Keeping your drip account net positive allows you to receive airdrops and referral rewards. Which helps you grow your account quicker than if you are not eligible for those rewards.
If you are only focused on ROI in US dollar value, then the time it takes to ROI would depend on the price of drip. As you may have noticed with some of my withdrawals, I received the cash value greater than what I originally put in, in 1 days claim when the price of drip was at the all time highs. Below is a screen shot of what my account looked like when we were at All time highs.
You can purchase the token tax free on the Drip Fountain Page.
If you purchase the token on pancake swap, you will be charged a 10% tax.
You are also charged a 10% tax when you deposit or claim drip in the faucet.
There is a 10% sell tax regardless of where you choose to sell/swap drip.
and there is a 5% tax charged when you hydrate.
What this means is the amount of drip is decreased by the tax percent.
For example, if you deposited 1 drip into the faucet, you will see your deposit amount would be .90 drip.
If you had 1 drip available, and chose to claim it .90 drip would be added to your wallet. If you chose to then sell that .9 drip, you would receive BNB equal to .81 Drip.
The contract also has a whale tax associated with it. This tax is charged in order to
To help curve whales ability to outpace other players in the game, forcing them to kick back some of their rewards to the community and maintain the sustainability of the project! The tax goes as follows, and does not apply to anyone below these staked holding.
% Of Total Supply | Tax % |
<0.99% | 0% |
>=1% | 5% |
>=2% | 10% |
>=3% | 15% |
>=4% | 20% |
>=5% | 25% |
>=6% | 30% |
>=7% | 35% |
>=8% | 40% |
>=9% | 45% |
>=10% | 50% |
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