If you choose to go ahead, do it with an amount which won’t ruin you if you lost it.
Do further research.
Prioritise your security, Theres a lot of smart scammers in the world of crypto.
Not financial advice. Entertainment only.
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Drip network site: https://drip.community/
Drip network twitter: https://twitter.com/DRIPcommunity
Drip Network is a LOW risk and HIGH reward staking contract that allows you to gain a daily return of 1% on your investment.
For example:
£1,000 invested would get you around 21.94 DRIP TOKENS.
Then you multiply your tokens by the amount the drip is worth. (73 USDT = £53)
21.94 x 53 = 1,162
You have a daily 1% return on investment.
1,162 x 0.01 = £11.62 daily income
Thats approximately an extra £348 per month you are making from a £1,000 investment.
Here is a google spreadsheet calculator which can show your expected returns.
Click File —> make a copy —> then save
That way it’ll allow you to input your own amount.
https://docs.google.com/spreadsheets/d/1UTV-apryGamBGGNOv4FSLJV1v06GoIYwR_FhCA72O4g/edit#gid=0
You cannot remove your initial investment. You can only claim your profits or choose to reinvest(Hydrate) your profits if you choose to.
Drip is purchased through BNB coin which can be purchased off crypto exchanges such as KuCoin and Crypto.com
Then you send your BNB to your Metamask wallet. Then connect wallet to DRIP network and and swap BNB for drip.
After you deposit your drip, you then have to stake it in the FAUCET. That’s what allows you to get the 1% daily return.
You’d need a buddy ID or else you won’t be able to deposit into the FAUCET.
Buddy ID = 0x49083521f5cf9fFEd01A76E4C9BfE13277F6f304
If you wish to, you can find your own buddy ID. Theres lots of articles and videos online where the creators have listed their DRIP buddy ID
The buddy ID has to be from someone who is already invested in DRIP.
Read the white paper, It will explain the buddy ID in detail.
Drip network white paper: https://drip.community/docs/DRIP_LIGHTPAPER_v0.8_Lit_Version.pdf
Theres a 10% tax charged on all BUY/SELL/WITHDRAW transactions, so make sure you have leave extra BNB (around £50 worth) to cover transaction fees
The 10% tax is what keeps the balance healthy because the taxes are reinvested in sustaining the network to maintain the price.
This combats against price fluctuations and volatility which also helps to sustain the price.
You can choose to claim your profits or choose to reinvest your profits (HYDRATE) which allows you to earn more and more.
Make sure you go through the WHITEPAPER to understand what you are doing FIRST.
https://drip.community/docs/DRIP_LIGHTPAPER_v0.8_Lit_Version.pdf