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Free Intro To DRIP Guide
Free Intro To DRIP Guide
Free Intro To DRIP Guide
annuity
noun, plural an·nu·i·ties.
a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life,
based on a premium paid either in prior installment payments or in a single payment.
certificate of deposit
noun
a written acknowledgment of a bank that it has received from the person named a specified sum of money
as a deposit, often for a fixed term at a specified interest rate. According to Bankrate's most recent national
survey of banks and thrifts, the average rate is 0.19 percent for a one-year CD (April, 2022). Abbreviations:
CD, C.D., C/D
DRIP is a decentralized finance (DeFi) investment option that behaves similarly to an annuity,
crossed with a certificate of deposit. Using the DRIP cryptocurrency, receive a 1% daily
return on investment up to 365%.
How Does DRIP Work?
The Main Function
$
1% Daily Return
Receive 1% of your Deposit Balance every 24 hours.
This Daily Return does not occur all at once, at a
specific time. Instead, it is slowly dripped (or paid
out) into your Available Balance throughout the 24
hour period.
Hydrate?
“Compound Interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it” –Albert Einstein
reaches your Max Payout, receiving Airdrops and large 1% Daily Return,
ends. Network.
Staying Hydrated
When you Compound, 4 increases occur:
Deposit H
y
d
1%
r
a
t
e
Available
Overall Claimed
Cashed Out + Hydrated
1% Daily Return ends when Overall Claimed = Max Payout
Max Payout
Deposit x 3.65
A Sustainable Tax Model
Most DRIP Network transactions are taxed
purchasing power. Daily Returns from the receive higher Claim taxes
Ponzi
Ponzi schemes are named after Charles Ponzi. In the 1920s, Ponzi promised investors a 50%
return within a few months for what he claimed was an investment in international mail
coupons. Ponzi used funds from new investors to pay fraudulent “returns” to earlier
investors. A Ponzi scheme is an investment fraud that pays existing investors with funds
collected from new investors (Investor.gov).
DRIP
DRIP is not dependent on new investors to pay daily returns. Daily returns are paid by the
sustainable tax pool system. DRIP was launched in April 2021 with a fixed supply of
1,000,000 DRIP tokens. New DRIP tokens have never been minted at the time of writing
(April 2022). Moreover, DRIP is an open source protocol powered by blockchain technology.
All DRIP transactions, smart contracts, the tax pool balance, token supply, and more can be
verified on the Binance Smart Chain explorer: BSCscan.com. All cashflows are “on chain” and
therefore, transparent.
Not a Ponzi or Pyramid Scheme
Common Misconceptions
Pyramid
In the classic "pyramid" scheme, participants attempt to make money solely by recruiting
new participants, usually where the promoter promises a high return in a short period
of time, no genuine product or service is actually sold, and the primary emphasis is
on recruiting new participants (Investor.gov).
DRIP
Again, DRIP is not dependent on new investors to pay daily returns. Returns are funded by
the network’s taxes. Team building is incentivized, but completely optional. The Round
Robin Referral system innovatively promotes organic growth, while limiting early investors
from achieving an unfair, unsustainable daily return. Anti-pyramid mechanisms include
whale tax, 1 Round Robin bonus recipient per positive action, a 15-downline maximum, and
the modified tax structure for teams of 5 or more. According DRIP’s lead developer, the
closest thing you can find in traditional markets to The DRIP Network is a high yield annuity
crossed with a Certificate of Deposit (CD).
The Risks
What can go wrong?
Price Volatility
The price of DRIP can fluctuate, just like any Other Mitigating Factors
financial asset. Cryptocurrency prices are The less DRIP in circulation (scarcity), the better
determined by many factors including token it is for DRIP’s price. Scarcity accompanied by
supply and demand. buying pressure (demand) is a strong dynamic
for positive price action.
To mitigate this risk, DRIP has a fixed token
supply of 1,000,000 DRIP tokens. Also, the All of Forex Shark’s DeFi projects apply this
network does not pay returns by minting new powerful dynamic. BR34P is used in DRIP in a
tokens (inflation), instead it uses a sustainable way that removes sell pressure from BR34P and
tax model to pay returns. If there’s a scenario as a result, strengthens its price.
where the tax pool is depleted, new DRIP will
then automatically be minted by the Faucet Forex is doing the same thing with DRIP through
smart contract to ensure daily returns are always his newest DeFi project: The Animal Farm. In the
paid. Animal Farm, DRIP is being used as a core asset
to unlock additional benefits. The way Forex
Additionally, the tax model utilizes Game Theory Shark designs his projects to compliment each
creatively by incentivizing positive actions that other in an interwoven DeFi economy is
promote platform sustainability. For example, innovative, efficient, and highly effective for
buying DRIP is tax free on the native DEX and price appreciation.
Hydrating is taxed 5%, instead of the standard
10%.
The Risks
What can go wrong?
Cyber-Security
There are a lot of bad actors in the Ledger + MetaMask
cryptocurrency space. Scams and malware are The safest way to store cryptocurrency is in a
serious threats that must be assessed and Hardware Wallet, or cold wallet. This device
accounted for. Also, DeFi protocols can get keeps your private keys (secret password for
hacked and funds permanently lost. Proper sending crypto) inside a device that never
security measures must be taken. connects to the internet (“cold” storage). Never
Thankfully, DRIP Network's smart contracts have buy from 3rd party vendors. Visit
been audited by Slither, a Solidity static analysis shop.ledger.com
framework. Solidity Finance is a 3rd party
company that inspects smart contracts coding MetaMask is a popular hot wallet, which stores
for any security flaws, private functions, or your private keys online, making them
anything malicious that could cause fraud. vulnerable to hackers. MetaMask is a free
DRIP’s coding is also open source, or available Chrome extension that can register with crypto
for anyone to inspect. websites (like Drip.community). Be extremely
Additionally, DRIP’s smart contracts are selective about which websites you connect your
immutable, meaning they cannot be changed. All MetaMask to, especially if using without a Ledger
the rules that govern the DRIP Network are Hardware Wallett. Ledger and MetaMask have a
permanent and cannot be tampered with or formal partnership, making it very simple to
modified. Therefore, the appropriate term for connect your Ledger to your MetaMask and use
the DRIP Network is a DeFi Protocol. them together. For added security, Brave
In addition to DRIP’s internal security, another browser is can be used with a VPN like
cyber-security risk to address is ProtonVPN.
crypto wallet security.
My Buddy Address
If you decide to join, please use my buddy address!
https://youtu.be/r8FpeEYfURw
0xb98e1c108b0C93d82B3F61A9711E3dff54364ff9
For more step-by-step guides, please enroll in the DeFi Freedom Learning Modules here: https://www.defifreedomuniversity.com/offers/GWEHjPkh/checkout
Glossary
Terms to Know
BNB Chain: A blockchain capable of executing smart contracts. Previously known as the Binance Smart Chain (BSC).
Smart Contract: A computer program operating on a blockchain that is coded to automatically execute actions according to predefined terms.
DeFi Protocol: Smart contracts that program crypto, enabling crypto to become programmable money, capable of self-executing financial contracts
on a blockchain. The source code of most of the DeFi projects are available for anyone in the world to check and audit.
Wallet Address: A unique sequence of numbers and letters that can be used to send cryptocurrency to, and to verify blockchain transactions.
Contract Address: The address where a smart contract is stored in the blockchain.
BEP20: A token standard on the BNB Chain that defines how tokens can be spent, who can spend them, and other rules for their usage.
ERC20: A token standard on the Ethereum blockchain that defines how tokens can be spent, who can spend them, and other rules for their usage.
BNB: The native token of the Binance Smart Chain (BSC). It is used for paying transaction fees on the BSC mainnet.
Yield Farming: Lend your cryptocurrencies, and in return earn cryptocurrencies.
Staking: The act of locking cryptocurrencies to receive rewards.
Airdrops: Sending cryptocurrency to other wallets, generally as part of a marketing initiative.
Liquidity Pool: Collection of funds locked in a smart contract that allows decentralized trading.
LP Token: Liquidity provider token. Tokens issued to liquidity providers representing the stake in the pool.
DEX: Decentralized exchange.
Game Theory: a social science about interactive decision making, where the outcome of each participant depends on the actions of all. #squidgames
Fiat Currency: Traditional currency that is issued by a government.
Resources
Do Your Own Research (DYOR)
https://cryptozoa.com/is-drip-a-ponzi-pyramid-mlm-scheme-an-honest-look-at-cryptocurrency-and-drip-ff9e366f16cd
Is DRIP a Ponzi/Pyramid/MLM scheme? — An honest look at cryptocurrency and DRIP
https://youtu.be/l5TqlnD1ZSI
Cryptopia | Full Documentary | AWARD WINNING | Cryptocurrencies | Web 3.0 | Blockchains | Bitcoin
https://cryptozoa.com/the-drip-network-a-comprehensive-tax-sustainability-model-b09a2660304b
The Drip Network, A Comprehensive Tax Sustainability Model
https://www.dripnetwork.ca/
DRIP Faucet Smart Contract Analytics
DeFiFreedomUniversity.com
DeFi Freedom University | Learn DeFi Online
https://drip.formulate.finance/calculator/
A DRIP calculator and other useful resources
DISCLAIMER
This is not financial advice