Drip Network price 

DRIP

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.

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.

DRIP is available on Pancakeswap (V2).

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