An Ocean of Possibility
Welcome to the DRIP Ecosystem.
DRIP is a cryptocurrency token on the Binance Smart Chain, but when most people refer to it, they are talking about the Faucet Contract — a feature of DRIP that provides a fixed and daily income of 1% of your deposit.
This is amazing and a game changer. It has provided a safe-haven of investment, and stable income for many in a very turbulent and depressed market.
There’s been a lot of discussion and topics on the sustainability and modelling of the very robust tax system that supports the feature, some of which I’ll link below. But this is just a drop (pun intended) in a very long and expansive strategy.
Over the past year, DRIP has grown beyond just the token and the initial Faucet feature, and is developing into a rich ecosystem of utility - many of which are significant investment opportunities in their own right.
Collectively, these make the Faucet even more robust in its ability to grow and support the client base. Let’s take a look though the current roadmap, some items of which are more mature and developed than others.
The Animal Farm — Delivered
You can read more about the Animal Farm in one of my earlier articles that details the subject. In a nutshell, it’s a well-performing Yield Farm with many token pairs available. The key added incentive here is the ability to earn and stake the Governance (PIGS) token, to earn a continuous and passive stream of income in the form of BUSD rewards.
The DRIP Garden — Delivered
The Garden is a sibling contract that sits alongside as part of the Animal Farm ecosystem. It’s a higher-risk/higher-reward “Miner” style protocol that pays out a daily ROI of approximately 3%. Similar to DRIP, the Garden deposit is locked and fed back at a variable 3%/day. Now this is a much higher reward than DRIP, but as the mechanics are different, it can be considered higher risk. The approach is innovative, with increasing time-based rewards to encourage new capital investment as well as a variable APR that encourages compounding.
The Garden takes DRIP/BUSD LP tokens as currency, Locking liquidity and hardening the DRIP price floor. You can use the DRIP Liberation contract to create them in a simple and easy way.
You can then take these LP plants (rewards) and use them elsewhere in Farm, either to stake and earn PIGS or break the LP in PancakeSwap and sell back to BUSD.
Animal Farm Piggy Bank — Delivered
Another extension to the Farm to produce income as well as locking liquidity and supporting the price of PIGS. Running in the same vein as the DRIP Garden, it will pay up to 3%, but with the extension of time-locked stakes, and creating further utility and a deeper liquidity for PIGS. Although not directly supporting DRIP, the success of the Animal Farm as a whole, will feed the DRIP ecosystem.
Note — As of today (22nd March ‘22), there was a hiccup with the PiggyBank launch. It’s being fixed but this has necessitated replacing the core PIGS token with a PIGS v2.
Animal Farm Lottery — Proposed/Planned
The Animal Farm lottery is next on the list. It would potentially seem to operate similar to the PancakeSwap lottery. Tickets can be bought with both the DRIP and DOG tokens, creating further utility for both assets and supporting the price. As would be considered the norm here, the DRIP would be sent to the vault and the DOG tokens burned to introduce a further deflationary element.
Animal Farm Vaults — Proposed/Planned
The Animal Farm Vaults are key partnerships with curated projects that will allow them to host and surface their liquidity via the farm to a much wider audience. The partnerships will be verified and likely voted on by PIG stakers, to ensure the partnerships are in the best interest of the Farm holders. This, would be a massive win-win, as long as the partnered projects are trustworthy.
The Animal Farm gets utility by partners hosting their liquidity via the farm (Staking with DOGS) and get exposure to a large and active investment community. The Farm gets further utility and usage, with tokens being locked up and earning rewards. Anything good for the Farm is also good for DRIP.
Play to Earn NFT Game — Ready
Details are still forthcoming but there is a new play-to-earn game being launched in a few weeks. The mechanics of the game are still under wraps, but at least one of the NFT powerups/features of the game can only be bought using DRIP. Additionally, all proceeds for the purchase of these items will be directed to the DRIP Vault.
Drip User Interface Revamp — Ready
It’s fairly obvious that the user interface of DRIP is somewhat amateur and doesn’t project or reflect the true financial innovation occurring in this space. A rework of the user interface is already done in development and is planned to be rolled out in the coming months. All the additional features proposed would bridge off this interface. You can see a sneak-peak below.
Qrrent — Atlantus Metaverse — Proposed/Planned
With this partnership, the Atlantus Metaverse will use DRIP as the reserve currency for their platform. Details are still light, but there will likely be shared promotion and marketing. Needless to say, this could be very positive for DRIP, depending on the success and promotion of Atlantus.
NFT Partnerships — Proposed/Planned
NFT integration has been touted in many forms. All of which have integration with DRIP where sales of the NFTs will feed the Faucet Tax Vault. These include:
- Loot — Loot is on the Ethereum network and the DRIP NFT will live on BSC. There will be a cross-chain bridge so the NFTs can be used on either network.
- Qrrent — DRIP NFT partnership (100% of sales in BUSD/BNB of Celebrity NFTs will buy DRIP and stake into faucet)
- DRIP Trap / Hip Hop NFT marketplace.
These cover the angle of unique or celebrity NFT ownership as well as exposure to one of the hottest upcoming areas in Crypto/DeFi — The Metaverse. Purchase proceeds will usually feed the Vault.
ChainLink Partnership — Proposed/Planned
The details of this one are currently still under wraps, but as an oracle with links to multiple blockchains, and also hosting powerful randomization functionality, some things come to mind.
- Quality cross-chain price feeds for the DRIP ecosystem, especially important once we start to have cross-chain partnerships.
- Randomization to support the Animal Farm Lottery
- Randomization and cross-chain bridging to support the new NFT based game.
DRIP Native Metaverse Game — Proposed/Planned
One of the items that the DRIP dev team have been particularly excited about is the Metaverse having a tie-in into the DRIP ecosystem. The idea has been on the sidelines, waiting for some of the cross-chain technology to catch up as it will be hosted on the SOL chain for latency reasons. Details are sparse, but the general gist is a hacking game, where users are competing to create an effective botnet. NFTs will be used for powerups and skills, all tied back and feeding DRIP.
Collateral Lending — Proposed/Planned
This is one of the the more innovative proposals. The idea here is to allow people to take a loan based on their DRIP deposit. It would likely be repaid via the daily available balance. This would in theory support explosive growth of DRIP, as it allows people to get access to a larger amount of their DRIP deposit, without the sell pressure of claiming. Win-Win all around.
A potential partnership with PancakeSwap! is in the works. Details are forthcoming, but it’s entirely possible that this Lending solution will be one of the features delivered as part of that partnership!
BetFury DRIP Casino — Proposed/Planned
A partnership with a significant player in the crypto casino space BetFury is planned. There will be shared promotional events as well as games that will support the DRIP token as currency. Rewards will be paid in the BFG BetFury token and the DRIP will be sent to the Vault. The BFG token will also be usable to buy Drip on DRIP Fountain.
DRIP Cross-Chain Bridge— Proposed/Planned
The key goal here is to allow capital from other chains to bridge onto Binance Smart Chain so people will be able to buy DRIP on BSC directly. This will likely also be a base to support the Loot NFT integration mentioned earlier.
All of this is to simplify the user experience and onboading process, to make it as easy as possible to interact and inject capital into the platform, as well as providing
DRIP Insurance — Proposed/Planned
One of the current technical issues with DRIP is that your deposit/stake is locked to your current wallet and not withdrawable. This is great for the platform, but what happens if your wallet is compromised? Today, that means you’re out of luck. This feature will allow you to withdraw 75% of your deposits by forgoing 25% as fees, only if compromised. The insurance premium could be 5% of your daily 1% rewards.
DRIP as a Multi DEX — Proposed
As the Farm matures and more tokens and partnerships evolve, the platform with grow in scope. A future goal may well be to challenge the dominance of PancakeSwap and offer a full range of currency exchange pools and staking opportunities. All of this with the innovative benefit of platform fees going to the owners of the Farm — i.e. the PIG stakers!
Advertising — Ongoing
With any investment platform, adoption and growth are key to success. Promotion of the DRIP platform is key to its success. The lead developer Forex Shark, has a long history in the crypto space and good standing with groups and forums with large visibility. Engagement with influencers and popular public forums and message boards has been key to spreading the word. That also along with the organic growth fuelled by the incentive of the referral mechanism baked into the contract.
There is also a strong advertising budget, funded by part of the tax proceeds as well as a portion of the Animal Farm revenue.
That’s amazing!
I know, I agree. DRIP is coming up to its 1 year anniversary, an age in crypto and it is still just getting started.
What’s being described here is a strong, diverse, multi-year roadmap of growth and utility, and this is just what we know today. New partnerships, ideas and utility seem to be popping up regularly, and almost all of them are being initiated by external parties approaching the DRIP dev team and wanting to partner to become a part of this amazing ecosystem and journey.
How do I get involved?
Well that’s the easy bit!
- Just go to the DRIP Swap page (i.e. the Fountain) at https://drip.community/fountain
- Buy at least 1 DRIP (the minimum deposit requirement). [Note: You will need BNB (BEP-20) to exchange for DRIP.]
- Then go to the DRIP Faucet page at https://drip.community/faucet
- Enter my Buddy address 0xD0876C9c2d590A0D38807f58D7AAF48e377720B0 in the “Add a Buddy” referral section. If you use this code I personally offer half of my referral airdropped back — up to 5 DRIP.
- Deposit at least 1 DRIP. [Note: Make sure you have a small amount of BNB in your wallet in order to cover the gas fees. 0.05–0.1 BNB should suffice]
- Now sit back, receive your 1% daily return and enjoy the journey.
If you’d like more info, you can contact me on Telegram.
Join us on Cryptozoa.com (by getting into DRIP using my Buddy address above), then head over to the Cryptozoa Telegram Gateway. Let the admins on duty know that TheCryptoSingh sent you .
Once you are onboard, find me. I’d love to hear from you! We’re a lively bunch dedicated to sharing info on building a passive investment lifestyle and having fun in the process!
If you are new to crypto in general and would like to participate in the DRIP Network, Here is a step-by-step beginners guide that will walk you through the process start-to-finish:
Further Reading
Nothing in this article is intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor or broker before making any and all investment decisions. This content is intended for general informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The author may own cryptocurrencies and tokens discussed in the article. The article may contain affiliate links.
