The Parade of Imaginary Horribles
How can DRIP withstand the hysteria?
“Well, what happens when there is a solar flare, or a nuclear bomb goes off, wiping out New York, and the entire eastern seaboard?”
I think I blinked 5 times before responding, thinking, ‘Is this guy serious? He can’t be serious?’ This guy was arguing for a return to bartering, saying what was I going to do with my imaginary electronic money now, huh punk?
He thought he had a gotcha, instead all he had was a tired argument. All I could muster was a ‘I think in that case we’d have a bigger problem on our hands than what form of currency should we be using.’
Here’s some that I’ve heard with DRIP:
- What if everyone sells at once?! It will go to zero.
- How can it pay 1% per day? How is that sustainable?
- The founder is anonymous, he could steal all your money!
- The top wallet holds 73% of all the DRIP. Looks like a single wallet could just dump on you guys. No thank you!
Answers:
What if everyone sells all their DRIP?
- Yes, it will go to zero. In fact, BTC has a history of dropping 85%, 95% every 4 years or so. Is it dead? No! It’s just another Parade of Imaginary Horribles. The question should be: How likely is it that everyone will sell all of Bitcoin/DRIP/ETH?
Low to none.
Especially when the tokenomics are understood, and Use Cases of DRIP are realized.
How is it sustainable?
DRIP is sustained through a comprehensive list of taxes/fees of 10%:
TAXES
- Sell anywhere 10%
- Buy non-Fountain 10%
- Deposit/Stake 10%
- Send wallet to wallet 10%
- Airdrops 10%
- Move from/to Ledger 10%
- Send anywhere 10%
- Claim/withdraw 10%
Here are the exceptions:
- Buy from Fountain 0%
- Hydrate/Compound 5%
The fees are everywhere, which leads to a robust and sustainable tokenomics.
Unlike similar projects, such as HEX, which relies instead on early withdrawal penalties, and inflation. Which didn’t seem to hurt HEX’s meteoric rise from $.00027 on 12/17/2019 to today’s (01/25/2022) $0.193, a 71,481.48% rise in 2 years.
Apply this rise against the $2.38 price of DRIP when it was released to the public at the tail end of April 2021, and the price would now instead be $1,701.25. And DRIP has better tokenomics, and a higher return.
By any measure, DRIP has a looong way to go.
The Founder is pseudonymous!
- So is Satoshi Nakamoto, which hasn’t seemed to stop Bitcoin’s upward rush from nothing to many-somethings. Forex Shark’s association with both well-known projects, and lesser known projects whose average price increase is 20x, with no known rugpulls or scams lends him more credibility than all the credentials in the world.
The top wallet holds 73% of all the DRIP
- Yes, that’s the Tax Vault, the wallet where all the 1% withdrawals and recompounding occurs. It is not an individual’s wallet, and the Dev/s do not have personal access to it — it is automated through the contract. No one can steal it, or dump it onto the market; the tokens are locked within the mechanics of the contract.
The Parade of Imaginary Horribles
The parade of imaginary horribles continues. All the super wild ass scenarios that have just a sliver of possibilities are the stuff where fears reside, and hodl courage goes to die.
All the while the biggest money-making opportunity passes you by.
Missed Bitcoin at $0.60? Well, here’s the playback machine. I got in originally on July 1st, 2021 at $5.84. The price went up to $177 today. And the trajectory upwards has just begun.
There’s on 52k Players in DRIP. Compare that with the 40.38M estimated holders in Bitcoin, or the 592,173 holders of SHIB.
SHIB, a meme coin with little utility, a Dogecoin copying degen memecoin has 11.38 times the number of holders than DRIP. Multiply that figure against the current $177.47 price of DRIP, and you get the nosebleed figure of $2,019.61. The frenzy is similar (and early), the price action not hanging on a multi-billionaire’s trolling tweet for the subsequent price rise.
The frenzy is based on the financial success of hundreds of participants who have test-drove this newest of new financial vehicles, realizing it was not just a run-of-the-mill jalopy, but a hair-raising Bugatti Chiron.
And no one can dump on DRIP.
Skip past the top three holders of DRIP on BSCscan: the Tax Vault, the Pancakeswap DEX, the Fountain DEX, and what you’ll find are the top hodlers:
- 7,982.12 DRIP
- 6,347.7 DRIP
- 4,000.68 DRIP
Multiply that against the current $177.47 DRIP Price, and you get:
- $1,416,586.83
- $1,126,540.51
- $710,000.68
This is the amount in their Available, the amount they could dump if they sold it all. A lot of money, sure, but not multimillionaires — yet. And no one has more than 0.7982% Available in the system.
Let’s go to number 100, who holds 176.45 DRIP or only $31,314 worth of DRIP. No single person could dump the price of DRIP, and more participants are signing up by the day.
Conclusion
What else do you need? What evidence can quail the imaginary horrors that leave the fearful by the wayside, while the rest of us lie in the sun at a Belizian Island resort costing $5k/night.
Once you wake from the daytime fever dream, set aside your fears and take a chance on something quite a bit better than a lottery ticket.
It’s one where everyone wins.
What is DRIP?
DRIP is a project that is able to provide passive income through smart contracts in Defi. It was created on the Binance Smart Chain, and the DRIP Token can be bought with BEP20 BNB.
The bedrock of DRIP is the feature of paying 1% on your investment per day. You can either pull that amount out and receive your 1% return of the DRIP token per day, or you can “Hydrate” or recompound your earnings and compound the 1% against the new amount. By Hydrating you start to see the 3678% APYs by the end of the year (fees excluded for simplicity).
Come to Cryptozoa.com, check out the DRIP passive investment, and join the Cryptozoa Team!
How to Start
- Go to https://drip.community/fountain, and exchange BNB for DRIP.
- Go to the Faucet, and enter a Buddy address in the Referral section. Consider adding the Cryptozoa team member Emmett’s address for your Buddy: 0x392Ba366CE22e7714f10857BB34c82348Cd367b0
- Deposit at least 1.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)
You’re setup on DRIP. Get ready to receive 1% daily! But, do come back regularly to hit that hydrate/recompound button!
Cryptozoa Telegram — https://t.me/joinchat/PbTulqLoCmAzZmQx
DRIP Lightpaper — https://www.docdroid.net/0i3RJTu/drip-lightpaper-pdf
DRIP CONTRACT LINK — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
NOTE: The amount Deposited is not withdrawable. In exchange you receive 1% of that staked amount on a 24 hr basis for the next 365 days, which can be rehydrated/compounded, or claimed.
The Manor Farm — https://themanor.farm/referrals/0xe42FADa2bF9AceE93f371c87c7Dd81514a9B54E7
The DRIP-BUSD Mine — https://themanor.farm/miner
The Manor White Paper — https://themanor.farm/docs/The_Manor_Farm_&_The_Animal_Farm_Pre_Sale,_Farm_Mechanics_+_Miner02.pdf
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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.
