DRIP NETWORK FAQs
Last Updated 04/22/2022
The DRIP Network started on April 22, 2021.
RE-COMPOUNDING INTEREST!
Earn 1% Daily on your Deposit up to 365%. Hydrate (Re-Compound) your daily 1% interest to earn exponentially more DRIP over time.
You can view our complete guide to learn about the DRIP Network and on How to Join the DRIP Network and watch our How to Join the DRIP Network Faucet video here: https://ecryptoguru.com/drip-network-faucet-the-complete-guide/ . This video along with our text guide explains step by step in detail how to join the DRIP Network Faucet.
Yes, there is a SLITHER Drip Network Technical Audit which you can view here:
SLITHER – Drip Network Technical Audit
You can find details about SLITHER on github.com
Yes, you can view the DRIP Whitepaper/Lightpaper here: DRIP Whitepaper/LIGHTPAPER v0.8
Forex Shark is the main developer behind the DRIP Network
There are no DEV fees on the DRIP Network Faucet.
As of 04/22/2022, there are a total of 93,312 DRIP Wallet Addresses (Holders). This does not necessarily mean there are that many people holding DRIP but anyone can have multiple DRIP wallets/addresses.
You can view the current amount of DRIP Addresses (Holders) here.
The DRIP (BEP-20) token is on the Binance Smart Chain Network (BSC).
The official token of the DRIP Network is the DRIP (BEP-20) token on the Binance smart blockchain (BSC).
You can find the current price of the DRIP Token on the DRIP Network Website here. You can also find the current price of the DRIP Network on CoinMarketCap.Com.
You can earn a 1% daily return on your DRIP investment up to 365% for the year. You can also compound your daily DRIP return to increase your 1% daily earnings. Remember, only deposit what you can afford to lose. You never know when something is too good to be true.
Yes, you can only earn 365% of your total Deposits and up to 100,000 total DRIP per account/wallet.
The maximum amount of DRIP that the faucet can payout is 100,000 DRIP per account/wallet. Once you have claimed 100,000 DRIP you will no longer be able to use this account/wallet.
The top two cryptocurrency wallets that we recommend are MetaMask and TrustWallet.
You have to DEPOSIT a minimum of 1 DRIP to get started. With taxes, we recommend that you deposit a minimum of 1.12 DRIP.
If you have BNB in your wallet, you can buy DRIP using the FOUNTAIN contract on the DRIP Network Website under the SWAP tab here: https://drip.community/fountain Using the SWAP function to buy DRIP on the Drip Network Website saves you a 10% buy tax which you would have to pay if you purchased DRIP on pancake swap.
You can trade the DRIP token on PancakeSwap V2. If you plan on buying DRIP to deposit into the Drip Network Faucet, use the SWAP function on the DRIP Network website. By using the SWAP function on the DRIP Network Website, you will not be charged a 10% buy tax.
The total supply of DRIP is 1,000.000 DRIP.
The DRIP Network Faucet is sustainable through a tax on transactions. You can view the various taxes here.
Passive income consists of making money without being actively involved. The DRIP Network Faucet is a great investment project for earning passive income. Once you deposit DRIP into the Faucet you can just sit back and relax while you earn the 1% return on your DRIP. If you’d like you can also re-compound to earn even more DRIP.
Simply compound interest is interest earned on interest. When you deposit DRIP into the faucet, you can then claim the 1% interest daily up to 365% (365 Days). If you Hydrate(re-compound) your 1% daily earning, your 1% interest will increase exponentially. Hydrate until you reach 27,397, then claim every day until you reach the max 100,000 payout.
You will start earning 1% of your deposit as soon as you make your first deposit. Without Hydrating (re-compounding) your initial investment should be made back in about 3.5 months if the price of DRIP stays the same as when you purchased the DRIP. If the price of DRIP goes down, the initial investment will take longer to get back. If the price of DRIP goes up, your initial investment should be made back sooner.
If you decide to hydrate (re-compound) your 1% daily earning will be placed back into your Deposits minus a 5% tax. This will increase your 1% daily earning. To maximize profits, deposit, and hydrate until you reach 27,397 DRIP. Then you can start claiming DRIP every day until you reach the 100,000 Max DRIP payout.
No, You earn 1% Daily up to 365% of the DRIP that is deposited into your DRIP Faucet.
For example, if you deposit 1 DRIP and claim every day for 365 days you should have 3.65 DRIP.
10 DRIP x 365% = 36.5 DRIP
100 DRIP x 365% = 365 DRIP
1,000 DRIP x 365% = 3,650 DRIP
You cannot just withdraw all of the DRIP that you deposited into the faucet as it is locked away into a contract. You can only withdraw 1% of your total DRIP deposited into the DRIP FAUCET on a daily basis.
You do not have to Hydrate (re-compound) your DRIP. If you’d like to increase your 1% daily earning then go ahead and Hydrate.
100,000 DRIP is the maximum amount of DRIP you can claim per account/wallet.
The Maximum amount of DRIP that you can have in the DRIP Faucet is 100,000 DRIP per account/wallet.
At the end of the 12 months, you would have a total of 300 DRIP and you would be earning approximately 3 DRIP Tokens per day.
The Max Payout is the total DRIP you will be able to withdraw via the 1% daily earnings. For example, based on the Deposits of 318 DRIP as shown below, you would be able to withdraw up to 1,162 DRIP. In the below example you can see that 154 DRIP has already been claimed. In this case, if this account does not hydrate/re-compound anymore, you would be able to claim 1,162 – 154 = 1,008 DRIP over the next 365 days.
You can claim/withdraw your available DRIP at any time.
If you buy and deposit additional drip into the faucet while you have available DRIP, the available drip will auto hydrate and you will be taxed the normal 5% Hydrate tax.
The best strategy is to Hydrate (re-compound) until you reach 27,397 DRIP in your Deposits. At this point, you should claim your DRIP every day until you have claimed the full 100,000 DRIP Tokens (Max Payout).
No, Feel free to use my buddy address: drip.community/faucet?buddy=0xc21BDeed6692d6e5B53EB6Ed4F10CFdC4B02Acb9
You cannot change your DRIP Buddy but you can open as many DRIP wallets as you like and have new Buddies for each new wallet.
Simple answer, NO. But, to send an Air Drop you would need to claim some of your DRIP (10% Tax). The person receiving the Air Drop will pay a 10% tax on whatever is Air Dropped to them.
You can view the DRIP Faucet Contract Address here: BSCScan.com
You can view the DRIP Fountain Contract Address here: BSCScan.com
You can view the DRIP/BUSD LP Contract Address here: BSCScan.com
You can view the Br34P Token Contract Address here: BSCScan.com
If the supply of DRIP would fall below 1 DRIP, new DRIP would be minted.
Sure you can. You can open as many DRIP wallets as you like.
Yes, the only way that you can join the DRIP network is through a referral. Feel free to use my referral link to join the DRIP Network: drip.community/faucet?buddy=0xc21BDeed6692d6e5B53EB6Ed4F10CFdC4B02Acb
To earn rewards from your referrals, you will first need to have the proper amount of the BR34P Token in the same wallet which is connected to DRIP.
No, you do not have to recruit anyone. You can just keep earning your 1% in daily interest. You can earn additional DRIP rewards by having people sign up with your referral link. This is totally optional.
There is a maximum supply of 100,000 BR34P Tokens. There is a 2% tax on all transactions of which 1% is shared with the token holders and 1% is burned forever.
You can buy the BR34P token in PancakeSwap V1.
You can find the current price of the BR34P token here.
YES
You will need 2 BR34P tokens in the same wallet as your DRIP to receive rewards from your 1st referral/downline. Please see the chart below that displays the amount of BR34P that you need in your wallet for various referral downlines.
No, you need to have the correct amount of the BR34P in your wallet prior to your referral joining.
You will need to have the proper amount of BR34P in your wallet and you will need to have a positive Deposit Status.
Cryptocurrencies are very volatile and risky. Only deposit what you can afford to lose. Nothing is guaranteed in cryptocurrencies. You can make a lot of money and you can also lose all of your money. Never deposit more than you can afford to lose!
We do not offer any type of financial advice. Everything that you find on eCryptoGuru.com and in our videos is for educational and entertainment purposes only. Use this site at your own risk!
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