Loving The Drip Network

I was always into alts. I love them and I have made more from the old shitcoins than I ever did off the big 5 let me tell you. So I am always on the look out for projects that are relatively unknown. I did it with Antshares, Iota, Chiliz and Kucoin. Now I have missed the boat on many others but that is the nature of it. I never bought into the coins heavily initially so if I lose it all I just shrug my shoulders and move onto the next one.
A video post by Hive account@broncnutz got me checking out the Drip Network out. Since I changed my trading strategy I am more into coins that give back as opposed to just holding. Defi is the future of crypto so this is why I am investing now in liquidity pools. Cubfinance, Beeswap and Tribaldex are all very interesting to me and i will keep building in these liquidity pools. Better to have your investment working than just sitting there doing nothing. If you look at the top ten coins in crypto in 2018 and compare them to now, just holding is not really a solid strategy.

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Compare to 2021 and you see very few alts still in the 2018 Top 13.

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So from the charts above you can see that altcoins come and go so they have a limited window of opportunity before the next bigger better project comes along so this is why I am always looking for new opportunities.
So I checked out this Drip Network and after seeing Hive account@broncnutz video on Drip, I admired his enthusiasm and he explained things well. I actually like the Drip model from their whitepaper so I invested 2 Drip initially. I sourced an excel sheet in the Drip Community and when I saw the compounding in action, I sold a couple of crypto and I invested in 7 more Drip tokens. Now if you keep compounding your Drip, you earn more Drip and even if I had kept compounding my 2 Drip, I would have had 10 Drip by the 10th May 2022. 1 Drip is worth around $60. Once you stake your Drip, that's it, it's gone but you earn interest daily on your stake. If you keep on compounding this interest then you build and build and build. Attached is a screenshot of my dashboard (Faucet) at 9am this mornings which is the area where you stake your DRIP. The deposit shows I have 9.749 DRIP. Available means what I have earned in DRIP. Seen that it is 1% per day, I should be getting 0.9749 DRIP tonight.

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Now here is a screenshot now at 8pm. I have another 4 hours before it is 24 hours so I will rehydrate later. So once I rehydrate then the DRIP earned will be added on the new deposit balance and we start again.

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Now there are a few things you have to watch out for. Every time you compound, it will cost you a BNB transaction. Also 10% earned is taxed but it is no skin off your back as it is taken out of your earnings. So you will need BNB in your BSC wallet if you want to re-compound. Each transaction is around say $1.20 so you need to be making more than this in interest to be in profit. An excel doc will tell you exactly how many DRIP to start off with in order to break even from the compounding. Once you are over this level however it is all gravy. I think Hive account@steemflow had a problem here as well as myself. I know investing 3 DRIP is $180 but you will get this back in interest around 70 days.
The excel sheet shows you exactly how much Drip you receive daily so you can check out how much daily drip you may earn at current market prices. A year from now at current market prices, I will be earning a substantial sum. Never mind the fact that Drip Network is going to skyrocket in price. If the price does go up to say $300 then I may quit the job.

So take my earnings per day column after a certain amount of days under the black font fill. So if I compound daily for 400 days I will be earning €212 at current market prices. That's per day by the way. So say a couple of days I do not want to re-compound. I just claim the funds instead. Not bad eh!! The re-compound daily amount for 1000 days of re-compounding is just enormous.
Is $DRIP a pyramid scheme?
No. It has max payouts, whale taxes and a referral system that limits the downlines to 15.

So there you have it. I will finish by posting the excel sheet after re-compounding my 10 DRIP for 1000 days.

Not too shabby eh!

Thanks again to Hive account@broncnutz for doing the original post. Also for the mention on his videos.

You will need to be invited onto the DRIP network. This post is not a post that I am doing it for a referral but if someone wants to join then let me know over Discord or in the comments and I will happily post you my referral address.

Cheers
Hive account@blanchy