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Drip Network

DRIP

Price
$1.52
11/30/2022, 7:53:22 PM
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Market

Market stats

Market cap

-

Volume (24h)

$55,749.27

Circulating supply

-

All time high

$169.61

Price change (1h)

-0.08%

Price change (24h)

-4.46%

Price change (7d)

-11.25%

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Drip Network is on the decline this week.

The price of Drip Network has fallen by 11.25% in the past 7 days. The price declined by 4.46% in the last 24 hours. In just the past hour, the price shrunk by 0.08%. The current price is $1.52 per DRIP. Drip Network is 99.10% below the all time high of $169.61.

The current circulating supply is 0 DRIP.

About

What Is Drip Network (DRIP)?

DRIP Network (DRIP) is a project developed by a team including Forex_Shark, BB, and others. Forex_Shark is a trader, crypto developer, educator, producer, and trader. The recommended exchange for DRIP trading is the Fountain Contract. The Fountain Contract can be found directly under the "Swap" tab of the platform’s website, as it waives the initial 10% tax on purchases. Therefore, it intends to offer low prices and high liquidity, resulting in better trades having less slippage

DRIP (BEP-20) is the official token of the platform on Binance Smart Chain (BSC), which captures value through scarcity, deflation, and censorship resistance and is built on a robust, truly decentralizedblockchain. DRIP is the only deflationary daily ROI token that pays stakeholders and referrals through transaction taxes instead of inflation. ROI is a metric used by crypto traders so that the performance and efficacy of one crypto investment is measured. It is also done to compare the performance of multiple crypto investments in a portfolio. The DRIP token captures the full value of the Drip Network and makes it available to the entire BNB community.

DRIP can be deposited into DRIP’s faucet contract to provide an ongoing 1% daily return for participation over time. A cryptocurrency faucet is a system that distributes tokens to users on request. Like a small drop of water from a faucet, a crypto faucet drips a small number of tokens to the requester. Additionally, users can add their Wrapped BNB (WBNB) to the contract and earn WBNB rewards indefinitely from multiple dividend streams, as well as yield from exchange fees. 

The DRIP Network’s faucet is a low-risk, high-reward contract that operates like a high-yield proof of deposit. Here, proof of deposit means, by allowing miners to mine at the cost of freezing a certain amount of coins for a period of time, miners' newly minted blocks are unavailable for a certain period of time. Users can passively earn a 1% daily DRIP return by purchasing DRIP from the platform's exchange page. The users can also join another user's DRIP team and deposit DRIP into the faucet contract.

DRIP rewards come from a tax of 10% that is levied on all DRIP transactions, excluding purchases from the exchange page of the platform. In the event that the tax pool is insufficient to pay the DRIP rewards, new DRIPs can be minted to ensure the rewards are paid. 

History of Drip Network (DRIP) 

In July 2021, Drip Network was launched by two accounts called Forex_Shark and BB along with their teams. Forex is the primary developer of DRIP. Forex has been in crypto since 2012. He started advising large development teams and handled their presale raises for various projects over the years. The maximum supply of Drip tokens is 99,999,999 DRIP. 

How Are New DRIPs Created/Minted?

Users can join DRIP teams by purchasing DRIPs on the platform's SWAP page. After depositing DRIP into the Faucet contract, the users receive a passive yield of 1% DRIP per day. Users can also increase their income through recurring deposits, rolling rewards, and team-based referrals. Unlike many other platforms that promise a consistent daily % rate of yield, Faucet's contracts never run out and can always provide DRIP that has been rewarded. DRIP rewards occur from a 10% tax on all DRIP transactions, excluding purchases from the platform's SWAP page. If the tax pool is insufficient to pay the DRIP rewards, new DRIPs are minted to ensure the rewards are paid. Given the game theory behind the DRIP network, the probability that the system is required to mint a new DRIP to pay the reward is extremely low. 

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FAQ

What is the current price of Drip Network?

The price of 1 Drip Network currently costs $1.52.

What is the market cap of Drip Network?

The current market cap of Drip Network is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Drip Network?

The all-time high of Drip Network is $169.61. This all-time high is highest price paid for Drip Network since it was launched.

What is the 24 hour trading volume of Drip Network?

Over the last 24 hours, the trading volume of Drip Network is $55.75K.

What other assets are similar to Drip Network?

Assets that have a similar market cap to Drip Network include Rice Wallet, Made In Real Life, YetiSwap, and many others. To see a full list, see our comparable market cap assets.

How many Drip Network are there?

The current circulating supply of Drip Network is 0.