In a nutshell DRIP is A LOW-RISK, HIGH REWARD CONTRACT THAT OPERATES SIMILARLY TO A HIGH YIELD CERTIFICATE OF DEPOSIT
When you purchase DRIP through the Faucet CONTRACT you EARN A CONSISTENT 1% DAILY RETURN OF the amount of DRIP (up to a 365% MAXIMUM PAYOUT) PASSIVELY
What makes DRIP so powerful is you have the option to take out the 1% (claim) you earn per day. OR you have the option to hydrate (COMPOUND) the 1% per day. This is where the magic of the opportunity is!
Disclaimer: Understand investing has risks. You could lose some or all of your investment. Also understand the price of DRIP can go up or down and can highly affect the information above. In addition, understand that every time you deposit into the FAUCET that money is sacrificed in a way it is gone. Read below for more information.
Check out the DRIP earnings calculator here where you can enter different dollar amounts and time frames.... https://dripfi.app/calculator/
This is the home screen for the DRIP NETWORK (https://drip.community) We are going to look at the top where is says SWAP and FAUCET. These will be the main two links we will be spending the most time on. If we click SWAP....
When you click on SWAP you will see the current price of DRIP. DRIP is pegged to BNB (Binance Coin). Binance Coin as of 4-15-2020 is the number 4 coin which means its market cap is the number 4 coin of all crypto currencies. [ Coinmarketcap.com is a good tool if your in crypto. ] Binance has created the Binance smart chain. It is like the train tracks that trains ride on. Think of the trains as a protocall. DRIP is a protocall. It rides on the rails of the Binance smart chain.
So next you will have to have a crypto currency wallet that can support the Binance smart chain network. There are several but MetaMask seems like one of the easiest and most popular.
Once you have downloaded MetaMask or one of the other crypto currency wallets you will need to add the Binance Smart Chain. Check out the help video down below. Here is where you would be able to load all the different coins that exsist on the Binance Smart Chain. BNB is one of those. To buy DRIP you will first have to buy BNB smart chain coin. (As of 04-18-2022 it was trading at around $415. When you buy BNB or other coins you do not have to buy an entire coin. For example you can put $1000 and purchase about 2.4 BNB) So next....
If you want to join the DRIP community you need two things... you need DRIP and you need a buddy. A buddy is anyone who recommended you to the DRIP community. If someone recommended you to the DRIP community you should use them as your buddy. If your finding this site and you want to join our team. GREAT! Our buddy link is listed above. In addition if you join one of the people on our team once you have joined one of our team members above you can email us and we will put your Name and buddy link above. Then you can just send people to this page to explain DRIP and they can join under you.
To begin you will go to the SWAP (FOUNTAIN) section of the website. Here you will see the price of DRIP and how much BNB you have. Now you are going to take your BNB and enter the amount you want to spend of BNB where it says Buy DRIP - BNB. You always need to leave a little BNB inside of your MetaMask because the BNB is the fuel that pays the gas fees. Every time you do a transaction you need to pay a small fee. The way you pay the fee on the Binance Smart Chain is with BNB. So we are always going to leave a small amount of BNB for example .01 BNB in your wallet and you will be fine.
Now once you enter the amount of BNB you want to spend to buy DRIP you will click the BUY button. When you do this your MetaMask wallet will pop up and you will confirm the purchase.... in about 5 or 10 seconds you will see DRIP in the MetaMask wallet.
Once you have done this now you have your DRIP. CONGRATULATIONS!
But we are not done yet! The reason we are in DRIP is probably that you have heard that you can earn 1% on your interest on your money. INCREDIBLE!
Did you know that the banks right now offer 1% to 2% interest for an entire year? That is why so many people are coming over to the protocol called DRIP because it is promising to pay you out 1% in DRIP every day. YOU ARE NOT GETTING PAYED OUT IN USD. You are getting paid out in DRIP.
So for example if you have 30 shares of DRIP that is worth $40 per DRIP (The price of DRIP can go up and down) you would have 30X$40 or approximately $1200 worth of DRIP you would be paid out around 1% or $12 per day.
This protocol exists because of its tax system. How does it keep paying out all of this money. Two things... the tax system and the fact that there is no infinite amount of ROI that you make. You can only make a maximum of 365% off of every dollar that you put into DRIP.
So every day you have a decision to make. You can claim the 1% and when you claim it you will pay a 10% tax or you can hydrate (compound) and if you hydrate you will pay a 5% tax.
*** It is very important that you understand that every time you deposit into the FAUCET that money is sacrificed in a way it is gone. You no longer have access that money... Until- this is what the smart contract that you are digitally signing says.... you give me all your money upfront and I will pay it back to you everyday at 1% per day for a maximum of 365%.
So again every day you should come to the site and you will have the choice to click claim or hydrate. More on hydrating (compounding) down below and what makes compound and the DRIP protocol in my humble opinion the most powerful program in finance today.
DRIP community also has a team building feature. The team building feature is for you to invite people you might know to take a look at the opportunity. So here is where you would give someone your buddy address. If someone joins under you then DRIP will pay out a percentage on each deposit just as a way of saying thanks for telling people about our community. This obviously works and DRIP now has over 100,000 people in the DRIP community. Please read the whitepaper about the requirements to get credit, when people you refer join DRIP.
Some helpful tools and links and videos to use with DRIP
DRIP CALCULATOR... https://dripfi.app/calculator/?price
DRIP FAUCET ANALYTICS... https://dripnetwork.ca
DRIPING FOR WELLS... https://www.drippingforwells.com/
More coming soon!
If we don't know the answer we will try to find out!
Open today | 09:00 am – 05:00 pm |
