Drip Network: How To Buy Drip Network Tokens with BNB (BSC)

Share this:

Thank you for taking the time to check out my Drip Network article!

The question on everyone’s mind regarding Drip Network and if it’s even worth it.

Let’s face it.

If you are brand new to the crypto world, it’s not easy.

The crypto space is full of life-changing opportunities if you take it seriously.

But you need to approach everything in a very strategic way.

• You need to have a plan.
• You need to do things with %s.
• You need to put in the hours of research, just like if you were investing in a real estate property, or in a company’s stock.

Drip Network, is it worth it?

Is the promise of a 1% daily return of investment sustainable?

Disclaimer before I move on…

What I share on this page is not trade or financial advice.

This information is being presented for entertainment purposes and represents my opinion.

All trading and investing, whether real estate, stocks, or crypto, involves the risk of loss, sometimes greater than 100% loss.

Do not trade or invest with funds you are not willing to lose.

I am not responsible for your trading errors, trading losses, or missed opportunities, even if you are a part of my Drip network Team.

Please do your own research and verify the information for yourself.

Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

With that said, let’s dive in!

How To Connect MetaMask Wallet to The Binance Smart Chain

Metamask wallet has shown to be quite effective for decentralized finance (DeFi) applications, especially for use on the Binance Smart Chain.

This article will guide you by setting up a MetaMask wallet on the Binance Smart Chain (BSC).

What is a Crypto Wallet?

A cryptocurrency wallet is used as a storage method for your crypto tokens or coins.

Wallets allow users to keep custody of their crypto securely without needing to use a centralized entity.

Some people call their wallets their crypto banks, but they can maintain token possession.

The lovely thing about wallets is that you control them with your 12 or 24-word keyphrase, allowing users to access their crypto anywhere using the given keyphrase.

It is crucial that users safely maintain this keyphrase as it is necessary to access your crypto assets, and if lost or stolen, your crypto assets will become un-returnable.

Why Choose MetaMask

MetaMask wallet has shown to be quite effective, especially for use on the Binance Smart Chain and in decentralized finance (De-Fi) as a whole.

This article will guide you by setting up a MetaMask wallet on the Binance Smart Chain (BSC).

How To Connect a MetaMask Wallet to The Binance Smart Chain Network

Step 1: Open the MetaMask wallet using your desktop or phone.

Step 2: Open a wallet or import one, be sure to store your keyphrase safely

Step 3: Go to settings

Step 4: In settings select “Networks”

Step 5: Select the add network button and input the following information:

Network Name: BSC Mainnet

New RPC URL: https://bsc-dataseed1.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com/

Step 6: Select the newly added BSC Mainnet network and you’re now connected to the BSC network.

Step 7: Be sure to load your wallet with ample BNB (~.1) to pay transaction fees

Step 8: Connect and use your wallet to various Dapps on the BSC using the built-in Web3 integration 

After Setting Up MetaMask

Once these steps are followed users will be able to access nearly all Dapps on the Binance Smart Chain.

This wallet supports all crypto assets on the BSC, if not listed in your wallet be sure to add the token using the specific token contract address.

Overall MetaMask is not the only wallet available to BSC users but it provides access to nearly all Dapps making it a great beginner wallet.

This wallet is also compatible with the Ethereum Network by selecting the default “Ethereum Mainnet.”

How to buy Drip with BNB (Transfer BNB to Metamask)

You need to purchase BNB coin on an exchange.

Binance.com is easiest because it’s their native coin.

Binance.us is the equivalent for the USA.

Click here to sign up for a Binance account using my affiliate link by clicking here or scanning the QR bar code.

For simplicity’s sake, I’ll be using the following references:

• BNB = Binance Chain
• BNB_smart = Binance Smart Chain

With DRIP, you’ll be using BNB_smart only.

Step 1: Connect Your Payment Method

After logging into your Binance account, click the Buy Crypto button in the top menu bar.

Next, you can see my balance is $105.98. Click your balance (which will say $0) in the area on the right.

Then, click the +Add Payment Method button and choose from the different payment method options.

I prefer selecting ACH and using Plaid to connect to my bank account, but you’re welcome to select any other payment method.

Now that you’ve followed the instructions to add a payment method, let’s move on to actually purchasing some BNB.

Step #2: Purchasing BNB

Head back to the Buy Crypto page by clicking the menu button.

Then, you’ll want to type in the amount of crypto you want to buy, making sure that instead of purchasing BTC, you’ll want to buy BNB (so click BTC Bitcoin and choose BNB).

Next, click Preview Purchase. Assuming everything looks good, you’ll click Confirm Purchase.

From there, you should get an email to confirm the purchase.

Step #3: Sending BNB to MetaMask

The first thing you’ll want to do is make sure you have MetaMask all set up.

Who founded the Drip Network?

Drip Network was founded by Forex_Shark.

The Drip Network is the latest project developed by forex_shark and his team.

The official token of the drip network is drip (BEP-20) on the Binance smart blockchain (BSC).

It captures value by being scarce, deflationary, and censorship-resistant.

It allows us to waive the initial 10% tax on buys and provides the lowest prices and highest liquidity.

This results in less slippage for larger trades.

Drip can be deposited into drip’s faucet contract to provide a consistent 1% daily return (up to 365% of the initial principal amount).

Drip is the only deflationary daily ROI token that pays stakers and referrers from a tax on transactions and not through inflation.

What makes Drip Network sustainable?

A majority of Defi projects that boast insane APYs are simply paying this out through inflation, but not Drip!

One of the unique ways Drip is able to pay 1% every day is through taxes. I have never been happier to see my taxes go to work.

Drip by itself is just a token, you can hold it in your wallet and trade it like any other token, but the magical power of compound interest comes in when you deposit our Drip into the Faucet.

It’s a smart contract that allows for 1% of your deposits to be paid out daily.

Once you deposit your Drip into the Faucet, your drip is burned and you cannot take it out, but you are now earning 1% daily, which is where the magic starts to happen.

Let us break this down and give an example. If you were to buy and deposit 100 Drip into the Faucet, you would not be able to withdraw the 100 Drip, it is gone forever!

For your sacrifice, you are now earning 1% on your deposited amount, so you’d be getting 1 Drip every day.

This doesn’t fully paint the picture yet, as you have the option to either claim out the 1 Drip or compound it back into the system.

If you choose to claim out, you will be with a 10% tax (.9 drip) and to sell, another 10% tax, leaving you with .81 Drip.

Another option you have is to rehydrate or compound this back into the Faucet for a 5% tax, increasing your deposits to 100.95 Drip.

The next day you would be earning 1% of 100.95.

If you are familiar with compound interest, this should excite you, as it has an exponential potential for earning!

What is the Drip Network faucet?

The Drip Network’s faucet is a low-risk, high reward contract that operates similarly to a high-yield certificate of deposit.

Players can participate by purchasing drip from the swap page and joining using this buddy address (10 drip minimum requirement).

When you deposit drip to the faucet contract earns a consistent 1% daily return of their drip (365% maximum payout) passively.

Players can also compound their earnings through regular deposits, rolling rewards as well as team-based referrals.

Unlike many other platforms promising a consistent daily 96 return, the faucet’s contract cannot drain and will always be able to provide the drip that has been rewarded.

Drip rewards come from a 10% tax on all drip transactions excluding buys from the platform’s swap page.

Given the ingenious game theory behind the drip network, the probability that the system will need to mint new drip to pay rewards is extremely low.

Since drip deposited into the faucet is sent to a burn address and drip is constantly being locked in the liquidity pool through the reservoir contract, drip is the only deflationary daily ROI platform.

The best strategy for drip is to focus on real-world adoption by building out your team through direct referrals, as you will receive bonus rewards from referrals on their deposits and downline bonuses from players they refer based on the amount of br34p held in your wallet.

You will dramatically accelerate your ROI period and allow your team’s chain to grow organically.

This allows players to passively increase their drip holdings in the faucet through participation over time.

The faucet also incentivizes players to participate actively by providing lucrative referral rewards for holding br34p in their wallets and building out their team.

For those who join my team, I will also be giving away free drip via airdrop.

It’s my way of giving back to my team ensuring that your account is in positive net deposit value standing. 💙

Who is Forex_Shark?

He is the primary developer of the Drip Network.

He is also the lead dev behind R34P and bR34P which are two projects that have been extremely successful with bR34P doing over 40x in the first month and R34P doing 870x from listing price in the first month.

Forex_Shark has been working as a full-time trader/investor for over a decade.

He’s been in crypto since 2012 and bought bitcoin for the first time at $14.

He has raised and handled tens of millions of dollars worth of allocations for various projects over the years as I built up my community.

In 2021, he released his first token R34P which was an extreme success and since then he’s been building and adding to my existing ecosystem.

Here are the 5 reasons why I am bullish on Drip Network ♥️

The Drip Network is the only deflationary daily ROI token that pays stakers and referrers from a tax on transactions and not through inflation.

It is made up of 3 primary contracts.

• The Drip token is a deflationary token that has a 10% tax on all transactions except for buys, and the tax goes into the faucet pool which is used to pay the daily ROI and referral bonuses.
• The faucet is a staking contract that allows you to earn a consistent 1% daily return of your DRIP (365% maximum payout) passively,
• The reservoir is The Drip Network’s solution for players that want to benefit from noninflationary yield farming by adding liquidity to Drip.

1. Strong community

At the time of this writing, there are over 100,000 drippers.

This is an opportunity to get behind a growing community and interact with like-minded, vetted individuals.

2. Pays 1% daily

A $1,000 investment could be worth $30,536 in 12 months.

Better still, you can keep growing your deposit in this way for nearly 4 years.

Your bank might pay you 1% annually. That $1,000 is $1,010 after a year with them. 

3. Great chance of achieving financial stability or retiring early

Wouldn’t it be great to earn 1% interest daily based on your initial deposit?

You can increase your returns exponentially if you compound your daily returns so you could earn up to 3,650% in a year. 

4. The ROI system is self-sufficient

You can even get rewards by inviting friends and earning money from other referrals.

Although Drip pays a high rate of 1% for withdrawal or capitalization, it has a way to fund that 1% to 10% tax that Drip charges on deposits, withdrawals, non-fountain purchases, airdrops, send anywhere, wallet to wallet, and sell.

You are charged 10% when you purchase; Fountain’s Drip purchase has no tax.

This 10% fee allows Drip to pay 1% per day and distribute prizes as well.

5. Drip is 1 year old

Drip launched on April 22, 2021.

We all know that crypto moves at a lightning speed.

Anything older than a day is old. Let alone a week, a month, and a year even.

At the time of this writing, it has survived and thrived while other similar models have died, gotten exploited, or been rug-pulled.

A Defi project to reach a one-year age in Crypto is considered a milestone.

There have been a number of individual team promotions to celebrate the 1-year mark.

If you haven’t started your Drip journey yet, now’s the time!

It is remarkable in the crypto-space to see a project that has so many exciting things after one year.

I believe Drip is here to stay because the developers are committed to not only creating secure and sustainable models but also creating new uses for the token.

After 2 years your deposit will be worth $999,525.

Compound Interest Is The 8th Wonder Of The World

Having this certain amount of drip to get started in will give you an example of what will start to happen when you get started.

• 10 drip gets rewarded at 0.1 Drip a day.
• 25 drip gets rewarded at 0.25 Drip a day.
• 50 drip gets rewarded at 0.5 Drip a day.
• 100 drip gets rewarded at 1.0 Drip a day.

So from here, you can see how drip will work for you when you first enter into the project.

It’s just a matter of how often you want to Hydrate (Compound) or Claim (Take profits).

What’s the earning potential with Drip?

In the Drip network terminology, “faucet” is the money held in your account that is earning interest.

When you deposit DRIP into your faucet, it is no longer accessible to you, but the interest you earn (1% daily) is available to you.

You can either “claim” the interest for withdrawal to an external wallet, or “hydrate” (compound) it by re-depositing it into your faucet.

Like you, I wanted to see how it would all play out over time, so I can see the earning potential of the following:

• Starting with different initial deposit amounts into my “faucet” on day 1
• Whether and how fast the value of DRIP goes up or down
• Different strategies for how much interest to “hydrate” (or add back into my wallet balance) vs how much interest is withdrawn
• Different time frames for when I want to start pulling funds out after an initial period of 100% daily hydration

Here are five possible scenarios at the end of Year 1, Year 2, and Year 3.

For the sake of this example, I will use the price of $30 for one Drip.

All scenarios follow a similar pattern of some period of time at the beginning where nothing is withdrawn and all available interest is re-invested or “hydrated.”

Please take into consideration taxes on hydration (5%) and withdrawal.

It does not include gas fees (about $0.75 for each transaction at the moment for deposits and hydration, much higher fees for cross-chain transactions to and from the Binance Smart Chain).

None of these scenarios even considers the rewards I may earn from others joining my network downline, airdrops I might receive from team members, or other deposits I may make.

All scenarios assume just a one-time deposit in the beginning and then daily hydration/withdrawal activity only.

Scenario 1 – “Baseline”

The baseline scenario assumes I put $1K in today and hydrate all available DRIP daily for 1 year, after which I hydrate half of my available DRIP and pocket the rest.

The baseline scenario has the value of DRIP unchanging over the 3-year period. Here are the baseline values for the things the spreadsheet compares across different scenarios.

Faucet Balance

• End of Year 1: $33,270.19
• End of Year 2: $187,599.09
• End of Year 3: $1,062,830.91

Daily Available for hydration or withdrawal

• End of Year 1: $332.79
• End of Year 2: $1875.99
• End of Year 3: $10,628.31

Amount Withdrawn each year

• End of Year 1: $0
• End of Year 2: $147,050.52
• End of Year 3: $833,105.53

End result after 3 years:

• Balance in Faucet: $1,062,830.91
• Total withdrawn: $980,156.05

Scenario 2 – “Start Big”

This scenario holds everything the same as the baseline except starts with $3,000 today instead of $1050.

Faucet Balance

• End of Year 1: $95,057.69
• End of Year 2: $535,997.41
• End of Year 3: $3,036.659.74

Daily Available for hydration or withdrawal

• End of Year 1: $950.58
• End of Year 2: $5,359.97
• End of Year 3: $30,366.60

Amount Withdrawn each year

• End of Year 1: $0
• End of Year 2: $420,144.35
• End of Year 3: $2,380,301.51

End result after 3 years:

• Balance in Faucet: $3,036.659.74
• Total withdrawn: $2,800,445.86

Scenario 3 – “Modest Drip Growth”

This scenario is the same as Baseline, back to starting with just $1050, but it looks at what happens in a happy scenario that the value of DRIP increases (linearly an average of) 0.15% daily over the entire 3-year period. This isn’t incredibly likely, but it’s possible.

Faucet Balance

• End of Year 1: $57,584.33
• End of Year 2: $561,148.54
• End of Year 3: $5,502,503.26

Daily Available for hydration or withdrawal

• End of Year 1: $575.84
• End of Year 2: $5,611.49
• End of Year 3: $55,025.03

Amount Withdrawn each year

• End of Year 1: $0
• End of Year 2: $364,678.54
• End of Year 3: $3,575,960.24

End result after 3 years:

• Balance in Faucet: $5,502,503.26
• Total withdrawn: $3,940,638.79

Scenario 4 – “Fast and Furious”

I ran this scenario because I’m in a hurry to be able to pay rent and buy food, so I wanted to see what happens if I put a lot more in upfront ($6000) and start pulling out 50% of what’s available on 1/1/2021, after just 5 months of daily hydration, instead of waiting a year like in the first 3 scenarios.

Then, on 1/1/2022 I reduce the amount that I withdraw to 20% of what’s available and hydrate the other 80% for the rest of the simulation.

The assumption in this scenario is that DRIP stays healthy and increases in value, but less fast than in Scenario 3 at a rate of (linearly an average of) 0.05% daily over the entire 3-year period.

The numbers in this scenario get silly very fast if reality ends up looking anything like this, I will obviously shift strategies, but it’s useful for comparison to see what happens in a kind of “better case” scenario.

The amazing thing is that this isn’t even a best-case scenario, just a recklessly optimistic one (for fun).

Faucet Balance

• End of Year 1: $79,859.72
• End of Year 2: $1,013,524.14
• End of Year 3: $19,442,685.60

Daily Available for hydration or withdrawal

• End of Year 1: $798.60
• End of Year 2: $10,135.24
• End of Year 3: $194,426.86 (This is daily! 🤯)

Amount Withdrawn each year

• End of Year 1: $47,282.21
• End of Year 2: $265,822.53
• End of Year 3: $4,126,621,32

End result after 3 years:

• Balance in Faucet: $19,442,685.60
• Total withdrawn: $4,439,726.07

Scenario 5 – “Fast and Furious Tank”

OK, people, it’s all fun and games until someone loses an eye. Scenario 5 is the less optimistic version of Scenario 4 where everything is the same as Scenario 4 except the value of DRIP tanks fast by 0.5% per day, going from its current value of $30 to $0.12 in 3 years.

I really hope this doesn’t happen, but even if it does, the situation is not as bad as you might expect!

Again, just as Scenario 4 isn’t a best-case scenario, this isn’t a worst-case scenario.

So let’s just stick with a bad case of slowly sinking DRIP and leave it there.

Faucet Balance

• End of Year 1: $10,619.87
• End of Year 2: $18,022.34
• End of Year 3: $45,975.33

Daily Available for hydration or withdrawal

• End of Year 1: $106.20
• End of Year 2: $180.22
• End of Year 3: $459.75

Amount Withdrawn each year

• End of Year 1: $10,396.81
• End of Year 2: $12,202.25
• End of Year 3: $19,689.42

End result after 3 years:

• Balance in Faucet: $45,975.33
• Total withdrawn: $42,828.48

Even in this last unhappy scenario, these are numbers I can get excited about.

An extra 5-figure passive income is nothing to sneeze at.

Drip Network Taxes

• Deposit: 10% (ex: If you want to deposit $100 worth of drip in the Faucet, you will only end up depositing $90 worth of drip, $10 worth of DRIP will be sent to the community reward pool)
• Hydrate: 5% (ex: if you want to deposit $100 of your rewards in the faucet (aka hydrating) for compounding purposes, you will only end up depositing $95, $5 worth of DRIP will be sent to the community reward pool))
• Withdrawal Tax: 10% (ex: if you want to withdraw $100 worth of Drip for BNB, you will only end up getting $90 worth of BNB coins, $10 worth of DRIP will be sent to the community reward pool))
• Whale Tax: 5–50% Tax additional to the Withdraw Tax depending on ownership of total supply (if: if you own 1% of the total supply and you want to withdraw $100 worth of drip to sell for BNB coin, you will end up getting $85 (10% withdrawal tax + 5% whale tax); if you own 10% of the total supply the tax is 50%)

Where do the taxes go?

Every bit of the taxes are sent to the tax vault, this is the wallet used to pay out the 1% daily to those in the Drip Faucet.

One of the things that make Drip truly unique is that it has zero developer fees.

This is unheard of, and that means that the developer, Forex Shark gets paid nothing from Drip.

It is a 100% community-driven project, and much like a Tesla, the best marketing is users spreading word of mouth about how revolutionary this is.

How to join the Drip Network

• Step 1: Go to https://drip.community/fountain, and exchange BNB for DRIP.

• Step 2: Go to the Faucet, and enter a Buddy address in the Referral section. Consider adding my team member address for your Buddy: 0xcE052d8BF015DBd8A6688eaA266523F5420bB17d

• Step 3: Deposit at least 1.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)

You’re set up on Drip. Get ready to receive 1% daily!

Please do come back regularly to hit that hydrate / re-compound button!

Let’s address the elephant in the room

So one of the things that you may have been thinking about is, what if the price of Drip goes up or down, how does this affect my payout?

The short answer is that no one knows what the price of Drip will be in the future, and you are getting 1% a day of Drip which means that if Drip goes up and doubles in value, you will not only 2x your money, but you will increase it dramatically because of the powers of compound interest.

One of the most fun things to do is play around with compound interest calculators and see how many Drip you will have in a year.

Of course, Drip can go up, down, or sideways, but the developer behind Drip is working on major partnerships with Pancake Swap, Loot NFT, ChainLink, and many more which all give it a lot of future utility.

Sustainability of the Platform

• An ingenious tax system that guarantees payout to the user reward pool from the community reward pool.
• Max Payout is 100k DRIP per wallet.
• Supply reduction mechanism through the Faucet burned address.
• Inability to withdraw the deposited amount in the Faucet.
• Although the circulating supply is fixed, the system is unlikely to run out of DRIP from the liquidity pool. The price of DRIP would exponentially grow if the balance between BNB and DRIP was too sided on DRIP.

How the Faucet works

• Available: The reward in drip accumulated following the 1% daily payout
• Deposits: The total amount of Drip deposited in the faucet
• Claimed: The total amount of Drip that was Hydrated (Decompounded or claimed)
• Rewarded: The total amount of drip received thanks to your team
• Max Payout: The total amount of drip you can receive following the Rule Max Payout = 3.65 x Deposits (the 365% max payout discussed earlier)
• Team: The number of people in your team
• Hydrate: The act of re-injecting the Rewards into the deposits (that has the effect of increasing daily payout and max payout)
• Claim: The act of placing the accumulated drip back into your wallet (To sell it for BNB typically)

Final thoughts

Going solo might be the best decision you’ll ever make.

For some, there’s nothing worse than feeling dependent on others.

Being dependent means that your feelings, fate, and future are tied to others’ actions that are probably beyond your control.

This may be fine if things are going well, but it may also play with your mental balance if things are not.

I came across Drip by accident when I was searching for a low-risk, high-return, wealth generation vehicle to achieve the dream.

While skeptical at first, I liked the daily 1% ROI, built-in sustainability, and significant potential for growth (through new partnerships and initiatives).

The best part is this while the project enables users to build out a team, there’s absolutely no requirement to do so.

If you’re not into marketing Drip to others, fine.

Don’t like engaging in the online community? That’s cool too.

You’ll still make the daily 1% ROI regardless, and that’s the attraction.

Doing it solo doesn’t mean you have to know everything.

Occasionally, you might want to reach out to the community and learn from other experiences.

This is all part of the journey.

However, you can rest assured that if being in control is your thing, Drip users can do that without broader interaction.

Providing that you have a plan to achieve your goals, compound your growth regularly, and create a solid routine, Drip will do the rest.

This way, the path to retirement will be a little less stressful while you watch the millions roll in.

If you’ve been inspired by this story, use my buddy referral ID: 0xcE052d8BF015DBd8A6688eaA266523F5420bB17d and join me on the Drip Network.