The Drip Token: Is Drip Waters Nutritious Or Stagnant?

The Drip Network is becoming a roaring success in the DeFi sector. Users are opening Drip accounts for their families as well as themselves. If you visit the telegram account of Drip, you can find a plethora of stories regarding how they paid their children’s fees in school, massive medical bills for their peers and many more.

Drip Token is the native asset backing this network. This is a BEP-20 crypto token operating on Binance Smart Chain. Currently, there are a total of 1 Million tokens in circulation, which the individual can acquire from The Fountain, which we will discuss in a few.

People can deposit Drip Token in the Faucet (discussed later in the article) to earn extra Drip via recompounding. Its utility is being added constantly like newly released casino games, animal farm, upcoming manor, and an NFT game.

The Faucet

Faucet Contract is the money maker of Drip. This is what every individual is raving about in the DeFi sphere. It offers 1% return on the deposited sum.

Deposit amount is the total of purchasing and depositing Drip to the Faucet account, received referral bonuses and airdrops.

Claim amount is the total of withdrawn Drip from Faucet into the crypto wallet.

The Reservoir

Reservoir contract, unlike the faucet contract, only accepts as well as pay in BNB. Once the BNB is inside, DROP token will come outside. DROP is a BEP-20 token tied to BNB/DRIP Pair.

BNB tokens added in The Reservoir locks liquidity.

This allows long term liquidity as well as price support, ensuring the liquidity floor is stable. It’s vital to keep the flow of DRIP and BNB intact to allow folks to buy and sell easily without massive spreads.

The Fountain

The Fountain is basically Drip’s own decentralized exchange (DEX) which enables users to swap BNB for DRIP through PanCake Swap functionality without any fees. They can also sell Drip for BNB with a fees of 10%.

BR34P Token

BR34P is basically a deflationary token offering rewards directly to holders as well as liquidity providers on BSC.

Best plan for DRIP token is to concentrate on real world adoption by binding out the folks via direct referrals as it will offer the bonus rewards when referred.

What Does The Metrics Say?

As per the data by Dune Analytics, monthly fresh accounts have declined on the network since January, and the latest data shows over 10,000 monthly new wallets.

DRIP Token holders have also increased over time, the data shows.

Is It Legit?

Many folks are raising questions if the Drip token is a fraud scheme. But isn’t it human nature?, when something seems too good, it makes the folks say “IT IS TOO GOOD TO BE TRUE.”

Drip stands apart from its cryptocurrency peers primarily because of hydrating function aka re-compounding and its carefully developed tax system.

Drip Token also has a robust community backing the ecosystem, making it trustworthy.

Disclaimer: All the information provided in this article is purely for informational purposes, please make any investments in the sector after conducting a thorough research.

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