LP UPDATE
If you didn't know, DRIP opened a Liquidity Pool July 1st and paired DRIP with Swap.Hive. The pool has settled around a 50% APR right now with nearly $24,000 in Liquidity!
From Beeswap:
https://beeswap.dcity.io/pools?search=drip
If you are on our discord you got the news first and were able to benefit from the initial 3,000% APR when it started. DRIP was paired with swap.hive into a new LP to have plenty of liquidity and keep the token value up. DRIP prices have done extremely well.
DRIP is still in its pre-seed round and in the last tranche. I don't know how long this tranche will last but we've sold out of 4 tranches already in our first year and have considerably boosted our treasury. We have big plans ahead, see our year 2 roadmap - scaling beyond hive.
DRIP is one of the top traded coins on hive-engine, and as far as I know it's the best performing coin on hive-engine by far for the last 12 months (We started our pre-sale at 1.0 hive per DRIP and with staking APY of 149% the first year, you'd now have over 4.3 swap.hive worth of DRIP and this doesn't even include the daily hive payouts!). That's over 4x and we are just getting started!
What is Hive DRIP coin?
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
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
We plan to finish out our pre-seed round well ahead of schedule then 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.
Milestones
- Year 2 Roadmap Released
- DRIP Coin Increases Daily Payout for 10th Straight Month!
- 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 .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.
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.
We are currently in the fourth 5th tranche of our sale. We sold 20,000 tokens during pre-sale, 30,000 tokens during tranche 2, 70,000 tokens during tranche 3, 130,000 coins in tranche 4 and and we are well on our way through the 5th and last tranche of our pre-seed with 250,000 coins listed at 2.00 Swap.Hive each. 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 .025% daily in more DRIP tokens. This is a 9.5% APY.
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 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
DRIP pays daily rewards in the native token on hive-engine and plans to increase payouts on a monthly basis. We prioritize smart, systematic, high-growth opportunities bringing the rewards back to token holders.
Tokenomics
We are selling tokens in our pre-seed round 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 lasted just a few months. Tranche 4 was 130,000 tokens at a price of 1.75 swap.hive and recently sold out. Our last tranche is 250,000 DRIP at 2.0 swap.hive.
Please see the Whitepaper and v2 roadmap for more 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
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