Splinterlands Sponsorship
We just sponsored a Splinterlands giveaway with a powerful Tofu summoner card to the winner! See more details from this post from @psilence
Earn SPS just by holding DRIP
If you didn't know, you earn sps just by holding DRIP and if you stake your DRIP, we pay additional DRIP daily based on how much you have staked. More details below.
Feb 2025 Update
We've been buying SPS hand over fist. We currently hold over 3M SPS that we have staked and growing.
In our last update we mentioned we'd be moving to a NAV (net asset value) valuation. We're also transitioning most of our assets into Splinterlands at least for the next several months but long-term we still want Splinterlands as a core holding.
This was from our last post: "In 2024 we invested in other games and chains such as Guild of Guardians, Hunters on Chain and Nine Chronicles just to name a few. In the end we believe the best way forward is to support Splinterlands, and as such we are selling most of the other assets and buying more SPS, this is due to the following reasons:
The team behind Splinterlands and the DAO are ready to scale, this has been the biggest accomplishment under Matt’s leadership.
DEC will hit PEG shortly because there are only 1.3 billion DEC in player/market accounts. The new set in April will require a minimum of 3 billion DEC. Even with burning CL cards, we will need to burn SPS for DEC sooner rather than later.
New mobile app, this is the key to unlock new players and growth.
With 1.6 billion SPS in circulation, 900 million staked and 600 million liquid, we forecast the price of SPS will go up to 2 to 3 cents cents in the next year with only $1MM entering the ecosystem."
Treasury currently valued at $83,041.
We're below NAV value
Currently with HIVE priced at $0.33515 , DRIP is extremely undervalued at around 0.25 hive/drip. The current NAV value of DRIP is 0.48 hive/drip.
So currently DRIP is priced at nearly 50% below the current price of its assets.
Healthy Liquidity
With around $14k worth of DRIP/Swap.Hive in our LP, it's easy to swap to/from the tokens.
https://beeswap.dcity.io/pools?search=drip
The pool is currently earning a 24.5% APR
What is Hive DRIP?
DRIP is a crypto-coin on the HIVE blockchain that invests into GameFI projects, which are projects that combine gaming with blockchain technology. We believe this will be one of the top growth areas in all of crypto over the next 5-10 years.
Source - main diagram: NewZoo, Blockchain games part: researchandmarkets.com
Daily Payout
We pay out SPS every single day at 12:30 AM UTC. We also reward .025% of staked DRIP daily at this time as well.
Staking Rewards
You'll receive exactly .025% of your staked DRIP tokens rewarded daily in liquid DRIP coins. Coins paid out are liquid so you'll need to stake them daily in order to keep compounding your rewards.
You can follow this guide to automatically restake them:
https://peakd.com/keychain/@keychain/hive-keychain-v26#auto-stake-tokens
Ex. - If you started with 1000 DRIP staked, you'll receive .25 coins the first day of staking rewards. If you then restake those coins, you'd earn .250625 additional DRIP the next day.
https://tribaldex.com/trade/DRIP
https://hive-engine.com/trade/DRIP
Our Staking Reward Perks
I posted this on our discord and we've already started staking rewards for certain tiers.
1+ DRIP staked - earn .025% daily in more DRIP tokens. This is a 9.5% APY.
1000+ DRIP staked - New role called DRIP Challenger. Auto staking script available. We now have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts (currently 500 daily LOOT). There's also a bonus in LOOT coins when you sign up for A Pirate Saga.
10000+ DRIP staked - A new role called DRIP Contender. Access to hidden rooms, see real-time trades and participate in important decision making via our Board Room. More perks in the works.
Investment Thesis
We prioritize smart, systematic, high-growth opportunities bringing the rewards back to token holders.
Purchase Tokens
Tokens can be bought directly from hive-engine or tribaldex and very easy to buy from the LP using Beeswap.
Latest Posts
Follow along for all our latest posts here:
https://peakd.com/@hivedrip
https://inleo.io/profile/hivedrip/blog
Offical Links
Official Website: https://hivedrip.com/
Whitepaper: https://hivedrip.com/index.php/whitepaper-drip/
PeakD: https://peakd.com/@hivedrip
Buy DRIP coins: https://tribaldex.com/trade/DRIP
Discord Link: https://discord.gg/rMdAAe4jKp
Free Hive Wallet: https://inleo.io/signup?referral=hivedrip or https://hiveonboard.com?ref=hivedrip
Glad to be part of the challenge! Going to give it my best shot but since I am playing / growing the account as a new player would I doubt I will make as much as the other competitors.
It is a lot of fun making / growing the new account! I am going to play this account as I did my other one (Gedphir) - only $10 for the spellbook and no other outside funds.
I will continue to make content detailing this journey! Thank you to the Drip team for sponsoring!
Bought my first DRIP today and will continue to support the project!
Stay the course! Keep on forging and have fun!
You can follow my account (Namgib) and on Youtube at GatheringtheMagic1984
Glad to have you onboard and good luck in the contest! All of your content is greatly appreciated! I’m enjoying all the new changes myself. It should be a good year for Splinterlands.
Thank you for sponsoring the streamer event! I learned a lot about DRIP and the other projects you're working on and am looking forward to participating in them :)
Glad to have you and good luck in the contest. It's fun to watch everyone's unique approach.
I keep staking my DRIP everyday :)
!BBH
Next time don't do bonus percentages hehehe
Yeah I didn't fully understand the complexity of the bonuses. I'd love to burn some DRIP during every swap though, that's a mechanic worth adding.
!GIFU
(4/5)
@logen9f wants to share GiFu with you! so I just sent 20.0 SWAP.GIFU@hivedrip! to your account on behalf of @logen9f.
!LUV the good news and a 22% bump on market trading price is nice to see.
!LOLZ
!PIZZA
(1/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily@hivedrip, @fjworld
$PIZZA slices delivered:
(2/20) @fjworld tipped @hivedrip
Great Update, Slowly build my drip again,