DRIP

Drip NetworkDRIP

Rank #3796
Token
On 22,965 watchlists

Drip Network Price (DRIP)

$16.20
2.42%

0.0005376 BTC2.85%

0.007894 ETH4.24%

Low:$16.11
High:$16.69
24h
DRIP  Drip Network DRIP
Price:
$16.20
 2.42%
Market Cap
$1,619,679
0.00%
Fully Diluted Market Cap
$1,619,678,584
2.42%
Volume
24h
$154,505
65.27%
Volume / Market Cap
0.09539
Self Reported Circulating Supply
100,000.00 DRIP
Max Supply
99,999,999
Total Supply
1,000,000

Drip Network to USD Chart

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DRIP

Drip Network

USD

United States Dollar

DRIP Price Statistics

Drip Network Price Today
Drip Network Price$16.20
Price Change24h-$0.4018
2.42%
24h Low / 24h High
$16.11 /
$16.69
Trading Volume24h$154,504.83
65.27%
Volume / Market Cap0.09539
Market Dominance0.00%
Market Rank#3796
Drip Network Market Cap
Market Cap$1,619,678.60
Fully Diluted Market Cap$1,619,678,583.52
2.42%
Drip Network Price Yesterday
Yesterday's Low / High
$16.55 /
$16.76
Yesterday's Open / Close
$16.74 /
$16.66
Yesterday's Change

0.44%

Yesterday's Volume$107,241.97
Drip Network Price History
7d Low / 7d High
$15.47 /
$17.01
30d Low / 30d High
$15.47 /
$32.43
90d Low / 90d High
$15.47 /
$102.86
52 Week Low / 52 Week High
$6.47 /
$169.61
All Time High
Jan 26, 2022 (4 months ago)
$169.61
90.45%
All Time Low
Sep 28, 2021 (8 months ago)
$6.47
150.30%
Drip Network ROI
No Data
Drip Network Supply
Circulating Supply100,000 DRIP
Total Supply1,000,000 DRIP
Max Supply99,999,999 DRIP

DRIP to USD Converter

DRIP

Drip Network

USD

United States Dollar

DRIP Price Live Data

The live Drip Network price today is $16.20 USD with a 24-hour trading volume of $154,505 USD. We update our DRIP to USD price in real-time. Drip Network is down 2.42% in the last 24 hours. The current CoinMarketCap ranking is #3796, with a live market cap of not available. The circulating supply is not available and a max. supply of 99,999,999 DRIP coins.

If you would like to know where to buy Drip Network at the current rate, the top cryptocurrency exchange for trading in Drip Network stock is currently PancakeSwap (V2). You can find others listed on our crypto exchanges page.

What Is Drip Network (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 Drip Network, 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.

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.

What Makes Drip Network 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.

Yet another way of receiving rewards is “The Reservoir,” which is the reward pool of Drip’s liquidity pool. Investors can provide liquidity to the DRIP/BNB pool and receive a share of the 10% transaction tax. 2% of that tax goes to liquidity providers, 3% is locked in the DRIP/BNB liquidity pool and 5% goes to the reservoir pool. Furthermore, there is a 1% fee on swapping DRIP/BNB, and the fee is distributed to reservoir pool liquidity providers.

There is also a whale tax to curb big holders from dropping the price of DRIP too much. For instance, if a DRIP investor wants to sell more than 10% of the total supply, they would have to pay a 50% tax on their transaction.

Check out SafeMoon (SAFEMOON) — a popular deflationary token.

Check out Shiba Inu (SHIB) – a dog-themed meme coin.

Learn more about OHM Forks here.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many Drip Network (DRIP) Coins Are There in Circulation?

DRIP has a total supply of 1 million. The team does not specify how liquidity was bootstrapped. However, according to Bscscan, the Faucet contract is the biggest holder with 620,000 DRIP.

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.

Drip Network does not list any smart contract audits.

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 our guide.

Converter

DRIP

Drip Network

USD

United States Dollar

DRIP Price Statistics

Drip Network Price Today
Drip Network Price$16.20
Price Change24h-$0.4018
2.42%
24h Low / 24h High
$16.11 /
$16.69
Trading Volume24h$154,504.83
65.27%
Volume / Market Cap0.09539
Market Dominance0.00%
Market Rank#3796
Drip Network Market Cap
Market Cap$1,619,678.60
Fully Diluted Market Cap$1,619,678,583.52
2.42%
Drip Network Price Yesterday
Yesterday's Low / High
$16.55 /
$16.76
Yesterday's Open / Close
$16.74 /
$16.66
Yesterday's Change

0.44%

Yesterday's Volume$107,241.97
Drip Network Price History
7d Low / 7d High
$15.47 /
$17.01
30d Low / 30d High
$15.47 /
$32.43
90d Low / 90d High
$15.47 /
$102.86
52 Week Low / 52 Week High
$6.47 /
$169.61
All Time High
Jan 26, 2022 (4 months ago)
$169.61
90.45%
All Time Low
Sep 28, 2021 (8 months ago)
$6.47
150.30%
Drip Network ROI
No Data
Drip Network Supply
Circulating Supply100,000 DRIP
Total Supply1,000,000 DRIP
Max Supply99,999,999 DRIP