June Bonus
For June, we are giving bonuses for the amounts of net DRIP purchases and/or assets swapped to DRIP. We've already received a commitment of an asset swap worth over $50k. This is enough to nearly wipe out the next to last tranche. So there may not be very long to get DRIP in the 1.75 tranche.
Net Purchases of DRIP: 1000+ - 10% Bonus; 5,000+ - 20% bonus; 25,000+ - 30% bonus.
Asset swaps: $1000 - 10% Bonus; $5,000 - 20% bonus; $25,000 - 30% bonus.
- Please note that you get credit for DRIP purchases as if it's $1. You may combine the two.
- Example: You could have net purchases of DRIP of 4,000 DRIP plus $1,000 in asset swaps to get the 20% bonus.
- If you try to cheat the system we will know if you have multiple accounts or buy then sell the drip. Net purchases are all your buys minus any sales for the month.
This will be the last bonus we will ever do. We had a bonus during December and had an amazing amount of sales, more than 40k+ Hive worth. This one will be bigger in preparation for v2 of DRIP.
We have big plans going forward that will be released below. These last two tranches will finish up our pre-seed round. The price in the Seed and Public rounds for DRIP will be significantly higher. This may be the last good chance to get DRIP extremely cheap.
Pre-seed Round
During the 1st year of Thorlock as the main investment officer, HIVE DRIP has raised $45,000 and our assets are now worth over $80,000. We now have about 250,000 DRIP left in our pre-seed round to sell at 1.75 and 2 DRIP/HIVE in the last two tranches.
Seed Round
We aim to raise $1MM from IMX related funds to become investors and top-tier guilds on the IMX games and then provide liquidity in the secondary market. We want experienced institutional investors on our board to learn from them and to sit on our investment committee.
Public Round
We will open a public round a few months after the Seed Round once we have deployed the capital and plan to raise another $1MM to keep investing in web3 gaming projects.
Valuations of web3 gaming DAO
Merit Circle is trading at 8 times book value.
YGG has been trading between 4 to 8 times book value.
After our public round, if DRIP reaches 3 times the book value our pre-seed holders would be valued at 7.5 times the initial value of pre-seed price.
New Team Member
Gondonar is investing $25,000 and will become our second team member as of June 1st, his role will be marketing and investments.
What is Hive DRIP coin?
DRIP is a crypto-coin on the HIVE blockchain that invests in 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
Why should you become a DRIP holder?
There are a lot of projects and not enough time to research where to generate Alpha. By becoming a DRIP holder our team generates value for you as you remain a passive holder. This is done in two ways. First, we pay a daily dividend just for holding DRIP. The rest of our profits are used to reinvest into more projects to increase our assets.
Looking Ahead
During June, we will release a concrete version of the proposed v2 whitepaper and plans for 2024 and 2025.
We plan to finish out our pre-seed round well ahead of schedule and we will be looking to raise $1MM while acquiring some experienced institutional investors for our board. We will continue to seek out more GameFi investments that have a high likelihood of success with our average investment per game in the $50,000 range.
Milestones
- DRIP Coin Increases Daily Payout for 8th Straight Month!
- DRIP Coin Increases Daily Payout for 7th Straight Month!
- DRIP Coin Surpasses 350 Stakers!
- Drip Coin is up 125%!
- Drip Coin October Treasury Report - Assets Reach $50,000
- DRIP Coin Sells out of 3rd Tranche!
- Hive DRIP Adds Game, A Pirate Saga, Exclusively To Our Discord
- Hive DRIP Partners with Rising Star to Create Their First NFT & Adds DRIP to Leaderboard
- Hive DRIP Adds Giveaway Bot to Server (currently giving out up to 25,000 DBLN daily)
- We Increased Our Daily Payout For 2nd Time In 2 Months!
- We Sold Out of Second Tranche
- We broke through $10,000 in treasury assets!
- We started staking rewards 2 weeks early paying out 149% APY over first 365 days.
- We sold out of our pre-sale in 5 days!
Daily Payout
We pay out Swap.Hive every single day at 12:30 AM UTC and plan to increase the payout per DRIP coin held each month! We also reward .25% of staked DRIP daily at this time as well.
Staking Rewards
You'll receive exactly .25% of your staked DRIP tokens rewarded daily in liquid DRIP coins. This is a 149% APY. Coins paid out are liquid so you'll need to stake them daily in order to keep compounding your rewards.
Ex. - If you started with 1000 DRIP staked, you'll receive 2.5 coins the first day of staking rewards. If you then restake those coins, you'd earn 2.50625 additional DRIP the next day. If you did this each day for a year without ever purchasing more coins you'd have 2487.71 DRIP coins. Since the Swap.Hive payout is per coin and we plan to increase the payout slightly each month you'd be receiving more than 2.5 times your current Hive payout. The power of compounding is huge so don't forget to restake!
We are currently in the third 4th tranche of our sale. We sold 20,000 tokens during pre-sale, 30,000 tokens during tranche 2, 70,000 tokens during tranche 3 and we are well on our way through the 4th tranche with 130,000 coins listed at 1.75 Swap.Hive each. Each tranche will increase in price. It's still a very good time to get into DRIP. We wanted to reward our early backers the most! Don't miss out!
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 .25% daily in more DRIP tokens. This is a 149% APY the fist year.
1000+ DRIP staked - New role called DRIP Challenger and access to a no-cooldown room for S&S game. Auto staking script available. We now have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts (currently up to 25,000 daily DBLN). 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. More perks in the works.
Investment Thesis
DRIP pays daily rewards in the native token on hive-engine and plans to increase payouts every month. We prioritize smart, systematic, high-growth opportunities bringing the rewards back to token holders.
Tokenomics
We are selling tokens in tranches/batches and each tranche increases in price. Tranche 1/Pre-sale was 20,000 tokens and lasted only 5 days. Tranche 2 was only 30,000 tokens at a price of 1.25 Swap.Hive and sold out in barely over a month. Tranche 3 was 70,000 tokens at a price of 1.50 swap.hive and just sold out. Tranche 4 is 130,000 tokens at a price of 1.75 swap.hive.
Please see the Whitepaper for full details.
Purchase Tokens
Tokens can be bought directly from hive-engine or tribaldex.
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://hiveonboard.com?ref=hivedrip
All I ever do is continue to stack Drip xD
Congratulations on completing these milestones, also congratulations to Gondonar on becoming the team member of this fantastic project.
!LUV the progress. Thank you very much for the earning opportunity. !LOLZ
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