DRIP is a project that is able to provide passive income through smart contracts in Defi. It was created on the Binance Smart Chain, and the DRIP Token can be bought with BEP20 BNB.
The bedrock of DRIP is the feature of paying 1% on your investment per day. You can either pull out that amount by CLAIMing and receive your 1% return of the DRIP token per day, or you can “Hydrate” or recompound your earnings and compound the 1% against the new amount. By Hydrating you start to see the 3678% APYs by the end of the year (fees excluded for simplicity).
The payment is in DRIP not dollars, so you’ll have the opportunity to benefit from any price rises (as well as suffer from price falls), but the tokenomics of scarcity, deflation, and incentives to HODL gamefies the tokenomics to create a virtuous cycle that promotes the lifting of the price of the DRIP token.
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How to Start
- Go to https://drip.community/fountain and exchange BNB for DRIP.
- Enter a Buddy address in the Referral section. Consider adding the Cryptozoa team member Emmett’s address for your Buddy: 0x392Ba366CE22e7714f10857BB34c82348Cd367b0
- Deposit at least 1.2 DRIP (Ensure you have enough BNB to pay for the gas fees.)
- You’re setup on DRIP. Get ready to receive 1% daily!