About Drip Network
DRIP can be deposited into the Faucet Contract to provide a consistent 1% daily return (up to 365% of initial principal amount) for participation over time. Income comes from 10% taxes on exchanges and referrals. A reservoir is also available to provide wBNB rewards. DRIP is the only deflationary daily ROI token that pays stakers and referrers from a tax on transactions and not through inflation.
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Market Stats
Market Cap
Not enough data
FDV
$174,098.05
Circulating Supply
Not enough data
Max Supply
99,999,999 DRIP
Total Supply
1,000,000 DRIP
Diluted Valuation
$1,728.51
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$17.70
-0.94%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$169.03
Overall Price Change (1Y)
-0.75%
Additional info about Drip Network
Recent trends
The price of Drip Network has decreased by 0.27% in the last hour and decreased by 0.22% in the past 24 hours. Drip Network’s price has also fallen by 5.73% in the past week. The current price is $0.0017 per DRIP with a 24-hour trading volume of $17.70. Currently, Drip Network is valued at 100.00% below its all time high of $169.03. This all-time high was the highest price paid for Drip Network since its launch. The current circulating supply of Drip Network is 0 DRIP which means that Drip Network has as total market cap of $0.00.
Market details
DRIP vs markets
↘ 80.49%
DRIP vs BTC
↘ 83.89%
DRIP vs ETH
↘ 58.03%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x20f663CEa80FaCE82ACDFA3aAE6862d246cE0333 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0017 | ↘ 0.22% |
1 Day | $0.0017 | ↘ 0.22% |
1 Week | $0.0018 | ↘ 5.73% |
1 Month | $0.0019 | ↘ 6.99% |
1 Year | $0.0069 | ↘ 74.94% |
FAQ
Drip Network (DRIP) is a platform in the cryptocurrency space that strives to provide daily compensation through its deflationary mechanism. The platform operates with its native DRIP token, a BEP-20 token on a certain Smart Chain. The platform's approach involves a 10% tax on all transactions, which is then distributed as rewards to its users. The DRIP token aims to provide users with a 1% daily return on their contribution, up to 365% of their principal amount. It's important to note that the principal amount is not returned to the user, but the rewards can potentially reach up to 365% of it.
Drip Network operates through a system involving daily rewards, a referral system, and a compounding mechanism. Users can acquire DRIP tokens either from its native "fountain contract" on the site, thereby avoiding the 10% deposit tax, or from a certain swap platform, where the tax applies. Once acquired, these tokens can be deposited into "The Faucet", a part of the Drip Network where daily rewards are generated. The platform also encourages users to "hydrate", or compound their initial contribution, which incurs a lower tax rate of 5% compared to the 10% tax on claiming rewards. Additionally, Drip Network has a referral system where users can receive rewards from newly referred parties if they hold a certain amount of BR34P tokens in their wallets.
Drip Network aims to provide an opportunity for users in the cryptocurrency space. By offering daily rewards and a compounding mechanism, it seeks to create a system where users can potentially receive up to 365% of their initial contribution. Additionally, the platform's referral system provides an opportunity for users to receive additional rewards by referring new users to the platform. Drip Network also has a feature called "The Reservoir", which is the reward pool of Drip’s liquidity pool. Users can provide liquidity to the DRIP/BNB pool and receive a share of the 10% transaction tax.
Drip Network was launched in July 2021 by two anonymous accounts. The platform has been operational for over six months at the time of writing, and it has been an interesting case study in the cryptocurrency space due to its approach to daily rewards and deflationary dynamics. The platform's roadmap includes plans for a cross-chain bridge to expand the project beyond a certain Smart Chain and NFT rewards for participants that hit specific goals. However, due to the anonymity of its founders, potential participants are advised to proceed with caution.
We update our Drip Network to USD currency in real-time. Get the live price of Drip Network on Coinbase.
The current market cap of Drip Network is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Drip Network is $169.03. This all-time high is highest price paid for Drip Network since it was launched.
Over the last 24 hours, the trading volume of Drip Network is $17.70.
Assets that have a similar market cap to Drip Network include BitBase Token, Birb, JOJO, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Drip Network is 0.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2471
Contributors
6,243
Posts
8,218
% About Drip Network
0.009%
Articles
2
Hold times
0 days
X (Twitter)
39.3% bullish
Sentiment
4.3 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
6,243 unique individuals are talking about Drip Network and it is ranked #2,471 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Drip Network has an average sentiment score of 85 out of 5. Finally, Drip Network is becoming less newsworthy, with 2 news articles published about Drip Network.
On Twitter, people are mostly neutral about Drip Network. There were 47.52% of tweets with bullish sentiment compared to 20.92% of tweets with a bearish sentiment about Drip Network. 52.48% of tweets were neutral about Drip Network. These sentiments are based on 1397 tweets.
On Reddit, Drip Network was mentioned in 1050 Reddit posts and there were 54300 comments about Drip Network. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.