About One Piece Drip
Drip Network (DRIP) is “the first-ever deflationary daily ROI platform” that offers a daily return on investment. Its DRIP token is a BEP-20 token on Binance Smart Chain (BSC) that promises investors 1% daily returns on their investment for up to 365% of their principal. Rewards come from a 10% tax on all transactions.
For example, if you deposit $1,000 into the One Piece Drip, you pay the 10% deposit tax and receive 1% on the remaining $900 every day. You do not receive your principal back, but you can get up to 365% of it in rewards, in this case, $3,285 (365%*$900). You can also choose to reinvest your rewards and compound your potential maximum payout. However, the limit is always 365% of your total investment, up to a limit of 100,000 DRIP.
In its roadmap, Drip Network promises a cross-chain bridge to expand the project beyond Binance Smart Chain and NFT rewards for investors that hit specific goals.
One Piece Drip Price
|Coin Name||One Piece Drip|
|Circulating Supply||100,000.00 DRIP|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Who Are the Founders of Drip Network?
Drip Network was launched in July 2021 by two anonymous accounts called “Forex_Shark” and “BB” and their “team.” There is no other information available about these people, hence why investors should be highly cautious of a possible rug pull. Even though Drip has been around for more than six months at the time of writing, examples like SQUID show that investors should proceed with utmost caution when investing in projects with great promises launched by anonymous accounts.
One Piece Drip Price Live Data
The live Drip Network price today is $0.358899 USD with a 24-hour trading volume of $11,495.00 USD. They update DRIP to USD price in real-time. Drip Network is down 1.62% in the last 24 hours. The current CoinMarketCap ranking is #5069, with a live market cap of not available. The circulating supply is not available and a max. supply of 99,999,999 DRIP coins.
What Makes One Piece Drip Unique?
Drip Network takes a different approach than other reflective tokens that promise a deflationary dynamic, making it an interesting case study. The three main aspects of Drip Network are its daily rewards, its referral system, and its compounding mechanism.
Investors can buy DRIP from its native “fountain contract” on the site, thereby waiving the 10% deposit tax, or acquire it from Pancakeswap and pay the tax. As mentioned, investors forfeit their deposit amount but receive 1% daily rewards from “The Faucet.” Drip Network states that deposits into the Faucet are sent to a burn address, making DRIP deflationary. However, the protocol does not specify if all deposited DRIP is burned or only a part of it.
To deposit into the Faucet, investors need to use a referral code provided by someone else – “join someone’s team,” as Drip puts it. Investors can receive referral rewards from newly referred parties if they hold a certain amount of BR34P tokens in their wallets. You can earn rewards from a maximum of 15 referred investors, all of whom need to meet the minimum BR34P token threshold.
Investors can also compound their initial investment, called “hydrating” in the Drip ecosystem. Hydrating incurs a 5% tax instead of the 10% tax on claiming rewards. If investors choose to hydrate instead of claiming their rewards, they raise their principal investment and thus their daily reward.
The official token of the One Piece Drip Network is DRIP (BEP-20) on the Binance Smart blockchain (BSC) that captures value by being scarce, deflationary, censorship resistant, and by being built on a robust, truly decentralized blockchain.
The recommended exchange for trading DRIP is the Fountain contract which can be found directly on the platforms website under the “swap” tab, as it allows us to waive the initial 10% tax on buys and provides the lowest prices and highest liquidity, resulting in less slippage for larger trades.
How Is the Drip Network Secured?
DRIP is a BEP-20 token on Binance Smart Chain (BSC). BSC is secured using a proof-of-stake (PoS) consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain the blockchain’s security. These validators have to stake a certain amount of Binance Coin (BNB) with Binance to be eligible.
Where Can You Buy Drip Network (DRIP)?
DRIP is available on Pancakeswap (V2). If you want to learn more about how to start buying cryptocurrencies, you can read more in guide.