How to launch a project like a Drip.community?
DRIP Network is the latest project developed by Forex_Shark, BB, and the team in April 2021. The official token of the DRIP Network is DRIP (BEP-20) on the Binance Smart blockchain (BSC) that captures value by being scarce, deflationary, censorship-resistant, and by being built on a robust, truly decentralized blockchain.
Smart contracts in Defi can be used to generate passive revenue (Decentralized Finance). The DRIP Token was developed on the Binance Smart Chain, and it can be purchased with BNB. DRIP (BEP-20) on the Binance Smart blockchain (BSC) is the official token of the DRIP Network, which captures value by being scarce, deflationary, censorship-resistant, and based on a solid, fully decentralized blockchain. Forex Shark, BB, and the team’s most recent initiative are DRIP Network.
The recommended exchange for trading DRIP is the Fountain contract which can be found directly on the platform’s website under the Swap tab, as it allows users to waive the initial 10% tax on buys and provides the lowest prices and highest liquidity, resulting in less slippage for larger trades.
The Drip network, which is based on the Drip Token, is a community/investment that returns 1% of your money every day, up to 365 percent every year.
Features of Drip.community are Drip Network Token, Swap, and Faucet
How to stat with Drip.community
Set up Metamask wallet
Configure Metamask wallet
Send BNB to Metamask
Connect Metamask wallet to DRIP
Swap BNB for DRIP
Update your buddy code
Deposit into the faucet
Strategies depend on your goals. There are 3 strategies.
Strategy 1: The In and Out
GOAL: I want to grow my deposits, but after 150 days, I expect to have my entire initial investment (principal) returned to me.
Strategy 2: The Hybrid
GOAL: My focus is on growing my deposits through hydrating but I’d like to return some or most of my initial investment over the 150 days.
Strategy 3: The Hydrator
GOAL: My only focus is on growing my deposits through hydrating, I’ll return my initial investment sometime after 150 days.
How does it work?
You make a DRIP Network deposit of a particular amount of DRIP. Let’s pretend you have $10,000.
You don’t receive your $10,000 back, but you do get 1% of it back every day in DRIP. It is estimated that it will take around 3.5 months to recoup your original payment (though by re-compounding you can get it back much faster). After that, you have complete ownership of everything it generates. In that way, you keep getting paid every day. To deposit drip, you must have a referral code (or link)
Referrals aren’t required to join the Drip Network, but they can help you earn more DRIP. You can just be a solo player and get 1% per day, or you can form a team and earn extra incentives. To deposit into the faucet, you must first join someone’s team.
Everyone who uses the DRIP Network’s high-yield staking platform (also known as the “Faucet”) is a part of someone’s team. This is because the Faucet’s Deposit page asks participants to submit a referral wallet address (a.k.a. “Buddy” address) to deposit the Faucet staking contract. By selecting Buddy’s referral link or just entering their wallet address while making a deposit, you can specify a Buddy address.
Rewards for Referrals
The DRIP Network encourages people to join the DRIP community. One method it achieves this is by paying a “referral reward” of 10% of the deposit amount made by the referral. It’s worth noting that the referral incentive isn’t deducted from the referrer’s deposit amount, therefore the referral isn’t responsible for the reward. The award is instead paid from the tax vault.
The referral reward program is simple to understand. Buddy X earns a ten percent bonus on every deposit made by Referral A, including the first and subsequent deposits. Because the Faucet contract considers compounding one’s daily yield (a.k.a. “Hydrating”) to be a form of deposit, Buddy X receives a 10% bonus every time Referral A chooses to HYDRATE rather than CLAIM her daily benefits.
As stated in Drip Whitepaper, players must hold BR34P in their wallets. That means, to participate in DRIP’s referral benefits, BR34P is a separate token that must be purchased (on PancakeSwap) and kept in one’s wallet. The number of BR34P depends on how many referral levels down the line one wishes to receive referral bonus rewards from (for example, in your direct level 1 down-line, you would need to hold 2 BR34P).
Participants in the Faucet can also earn bonus referral benefits, which are equal to 10% of the deposit value of a down-line referral. A participant’s account will be net positive as long as they deposit and hydrate more than they claim. Another feature of the referral bonus incentive structure is that 25% of the bonus amount is paid to the player who makes the deposit, provided that the player has a positive Net Deposit Value and has deposited using a “Team Wallet.”
Drip rewards come from a 10% tax on all drip transactions.
How to sell your DRIP Crypto?
The first thing you need to do is “Claim” the DRIP you want to sell. Using the DRIP Faucet page, you can claim DRIP. The quantity of DRIP available to Claim (and then sell) will be shown in the “Available” placeholder for the player. After you’ve got DRIP in your wallet, you’ll need to Swap (or trade) it for BNB. DRIP can be swapped in two places: The Fountain page of the DRIP Network (DRIP Network’s community swap page), and PancakeSwap.
The player toggles the “Approve DRIP” switch in the lower right-hand corner of the window and gives the DRIP Network permission to spend your DRIP for the Swap to BNB. Click Sell and your connected wallet will ask you to confirm the Sell transaction. Confirm and you will see an updated BNB Balance. There is a small transaction fee. If your wish is to convert your BNB to a fiat currency, you can do it in one of many exchanges.
How to launch a project like a Drip.community?
As said, Drip is a platform built by Forex Shark, developer and investor. According to him, they have been working on a new DRIP UI that is using the same front-end structure as the largest investment banks in the world.
Except for developing a platform, to launch a project like Drip network, you must know that DRIP works like a high-yield certificate of deposit according to their whitepaper. Your project must be an on-chain, open-source project that makes very clear where the profits are coming from, the taxes on the transaction, and price appreciation like any other market. That means, if you want to launch a project, you need to find a good developer. You can hire a freelancer from let’s say Upwork, or you can hire teams to contact Empire Global Partners to help you find a developer.
Next, you need to hire a marketing team that develops the right content for offline marketing, social media marketing, display marketing, PR service, and many more marketing strategies. Blockchain marketing agencies have become one of the most sought-after agencies in the field of blockchain technology. Marketing teams have to be with an extensive crypto marketing background and can help you increase your Telegram pages, increase your Discord pages, increase your key opinion leaders to reach out to the community to the crypto community and let them know what makes you different from others.
You need to pick a launch date for your project. But, at the same time, you need to get a core chief market officer and a core community manager to make sure that your product launch goes off without hitch. Plus, you should contact an auditor to audit the contract well in advance of launch so that way there are no bugs or issues they were put in unsuspectingly or intentionally by your developer.
Passive income with crypto is generally a good way to grow your wealth successfully. But you must be aware of many risks. Just to mention that these types of contracts that provide passive earnings and yield can be high can be subject to high levels of regulation that’s what as with most you know that’s just regulatory risks for the device space so people should know that before they launch a project like this there is they should consult with legal counsel and that’s where you could contact the Empire Global team at that stage That’s why you need to do the next step, you need a good legal team to help you make sure the product even if it has a profit has issues before launch or if the regulatory markets change can be on top of it to help you fix any issues.
Launching a project like a drip community that is successful and gains value generally requires commitments of time, money, and other resources, in addition to advanced technical knowledge. Making a cryptocurrency is the easy part. Maintaining and growing it over time is usually much more challenging.
While the different stages have been sought to be explained simply, they involve complex issues of law and experts need to be involved. Therefore, it is recommended that you get in touch with a professional the earliest.