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Drip Network
The Drip Network is a decentralized finance ecosystem that generates daily passive income.
Deployed on the Binance Smart Chain, since April 2021, Drip has been the world's leading ROI platform, offering a daily 1% return in Drip rewards through a proven and sustainable tax system.
The Drip Faucet smart contract serves as the core of the Drip Network, generating the daily 1% interest.
This interest is derived by an innovative taxation mechanism, this tax is specifically designed to ensure the long-term sustainability of the Drip ecosystem and is directed to the Faucet Tax Vault, which serves as the source for daily 1% payouts to investors.
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How does it work?
Participants join in by depositing their DRIP into the Faucet smart contract.
When deposited, they are permanently registered to the Drip Faucet, after deducting taxes, and then entirely sent to the Tax Vault, where they will be utilized for player payouts.
The deposit will generate a daily passive interest of 1% in Drip.
Make it Simple!
The Drip Faucet smart contract functions as a decentralized account book, automatically recording participant movements such as deposits, compounding, airdrops, and referral system rewards.
The interest generated from the deposit is sent to the participant's wallet only when the interest available is effectively claimed.
Drip tokens distributed originate from the Drip Tax Vault, which collects all the revenues of the ecosystem, including player deposits, the DripDropDraw fund flow, and external sources that contribute to it.
By granting participants the freedom to compound the accrued daily interest, their investment holds the potential for exponential growth.
Offering a 1% daily interest rate results in an APR of 365%.
With the added power of daily compounding, the potential APY can reach an incredible 3700%.
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Max Payout
The Drip Faucet contract pays a daily distribution of 1% calculated on the amount of deposited DRIP. This distribution continues until reaching the maximum amount specified by the Max Payout.
The Max Payout is determined by the formula:
deposit amount multiplied by 3.65 up to a Maximum of 100,000 tokens.
To calculate what contributes to the achievement of the Max Payout, the sum of the following factors is taken into account:
- the amount of Drip in the Available section
- the amount of Drip that has been previously claimed or compounded (Claimed Section)
If no compound/deposit action is taken for 365 days, the Max Payout will be reached, and at that point, only the interest generated up to that moment in Drip can be claimed.
The Max Payout is updated as additional deposits are made or the interest earned is compounded.
If the contract is no longer able to pay out the 1% interest to all participants within the original maximum amount of 1 million tokens, the required DRIP will be minted by the Drip Tax Vault contract.
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User Interface
- Available: the 1% interests earned.
- Deposits: deposit amount (original deposit + compounded + airdrops + referral rewards).
- Claimed: hydrated + claimed.
- Referral rewards: rewards coming from your team.
- Max Payout: total amount you would find on “Available” if you do not take any action for 365 days.
- Team: total downline divided between direct/indirect team members.
The official DRIP documents are currently under revision and will be updated soon.
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Possible actions
- Deposit: in the Deposit section you can transfer DRIP from your wallet to the Faucet contract. The possible minimum deposit is 10 DRIP, on which a 10% fee is charged at the time of deposit.
To make a deposit, you must first add a buddy address. You can do this in the "GET A BUDDY" section.
- Hydrate: with the Hydrate/Compound function, the 1% interests (the DRIP quantity under Available in the dashboard) is sent into your Deposit.
With a daily hydrate action, you can double your deposit every 75 days or so and benefit from compound interest.
There is a 5% tax on hydrates, but if your upline (the buddy you joined Faucet with) is a "Team Wallet" (i.e. he/she has 5 or more direct team members), you only pay 3.75% tax, the remaining 1.25% is automatically refunded to you.
Claim: Allows you to withdraw the 1% interest, which is DRIP under Available in the dashboard, into your wallet. A 10% fee will be charged for the claim.
Airdrop: the AirDrop feature allows you to send DRIP tokens directly from your wallet to another participant's deposit or share them among your team members. It is a tool that you usually use to reward your downline (members of your network/team) on a voluntary basis. There is a 10% fee for this action.
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Drip Faucet Tax Explained
Native DEX: DRIP FOUNTAIN
External DEX: eg. PANCAKESWAP
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Team and referral reward system
Before depositing into the DRIP FAUCET contract, the participant must enter the wallet address of another participant in the "Get a Buddy" section.
It is a public BSC wallet address starting with 0x followed by a mix of letters and numbers.
Once you have joined a team, you cannot change it.
The Buddy Referral System includes 15 levels of depth, starting with the original contract code.
You will now have an Upline and, if you decide to create a team, a Downline.
Upline refers to the list of "buddy addresses" above you, including the buddy that you used to join the Faucet.
Downline refers to your direct team members who used your buddy address to enter the Faucet and their own members.
IT IS NOT MANDATORY to build a team under your own buddy address, but you will be able to publicize the DRIP Network protocol and its community and thus gain access to the direct rewards system on the deposit and network rewards (Round Robin) on the hydrate/compound.
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Direct reward on the deposit
Up to the fifth direct affiliate who signs up under your "buddy address", you will receive 10% of the net sum (90% post taxes of 10%) deposited into the Faucet.
Example: your direct affiliate deposits 100 DRIP, minus the 10% deposit fee, you receive the 10% of 90 DRIP deposited= 9 DRIP.
From the fifth direct affiliate onwards, you are automatically appointed Team Wallet, when a "team wallet” receives a referral reward, it automatically airdrops 25% of the reward (post tax) back to the wallet that deposited or hydrated, this way you can incentivise people to join your team with bonuses.
Example: you are a Team Wallet, your direct affiliate deposits 100 DRIP, minus the 10% deposit fee you receive the 7.5% of 90 DRIP deposited= 6.75 DRIP and return 2.25 DRIP with an automatic AirDrop.
Direct rewards are 10% / 7.5% of the after-tax deposit.
If a team member makes a new deposit, the reward goes to the upline that is next in the Round Robin, not automatically to the Buddy.
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Network rewards or Round Robin
The Network rewards or Round Robin system provides that each time a participant in your downline redeems (Hydrate/Compound) the interest accrued in their deposit a percentage of 5% after-tax of the compounded/redeposited net value is automatically rewarded back to the upline.
If you are appointed Team Wallet, you return the 1.25% to the person who made the compound (hydrate) with an automatic AirDrop.
Round Robin rewards are 5% / 3.75% of the after-tax compound.
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Requirements
There are 2 types of requirements to gain access to the Network Rewards System.
- Hold in your wallet a minimum of 2 BR34P tokens to gain access to the first line below you, up to a maximum of 1597 tokens if you wish to gain access to the 15th line below you.
Buy BR34P only using the old PancakeSwap V1 exchange. You must click the checkbox acknowledging that you're using the old V1 version.
- A further requirement is a positive Net Value, which is calculated as follows: DEPOSIT+HYDRATE+AIRDROPs (sent minus received) > CLAIMS
You can check your NDV in the “Checkout Dripper” section in the Faucet Page.
If even one of these conditions is not met, the referral system will look for a wallet in your upline that meets both conditions to be rewarded.
All rewards from the referral system come from the primary bsc address through which the fees flow, which is managed exclusively by the Smart Contract.
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Whale Tax
To ensure the sustainability of the project, a Whale Tax is levied on participants who hold:
AVAILABLE + CLAIMED ≥ 10,000 DRIP.
The whale tax is applied to the available balance, effectively reducing the daily earnings. The more you claim from Faucet, the higher the whale tax level applied to the amount accumulating in your available balance.
So instead of getting 1% a day that you can hydrate or claim, you get 0.95% a day, or 0.90% a day, etc due to whale tax applied.
The claimed balance continues to count the full 1% daily whenever you claim a payout from Drip Faucet, even if the whale tax is applied. This means that a "whale" is still approaching its maximum payout at full speed.
The whale tax tiers are based as follows:
