Recap
We had a huge June and with our last discount ever on DRIP. We added quite a lot of assets to our treasury. You can see the chart below. We're picking up assets at what we think are cheap valuations. In just a few months our assets have gone from $87k to over $120k. I expect most of our GameFI coins will do very well later in the bull cycle. We are buying, diversifying and growing our funds.
If you missed our recent post with our V2 Roadmap where we outline our plans after our last round of the pre-seed is over, you must read this:
DRIP V2 Roadmap - Scaling Beyond Hive
Assets Under Management
Treasury Holdings
Investment Update
Splinterlands (HIVE/Hive-Engine) - https://splinterlands.com/
Splinterlands continues to be our major investment on the Hive blockchain. We do plan to continue to diversify and build up our assets on other chains for diversity. The Splinterlands governance token is SPS, and also the token earned by playing the game. The token has been under immense pressure as several SPS DAO proposals have reduced inflation and removed bots from the game. We believe a lot of this selloff is short-lived. The current CEO has laid out some plans that include getting the SPS Validator software running as well as working hard on the new player experience.
Below is the current focus map:
The team continues to work on NPE (new player experience) this year. In fact last week, the one-click rental system was rolled out. You can now rent a full bronze deck of Chaos cards from the ingame marketplace area under set rentals.
Our SPS position has passed 650k, and while prices are depressed we'll likely try and dollar-cost-average some more. As SPS starts to go back up we will be looking to swap some SPS back into Hive.
FLUX - https://runonflux.io/
We continue holding around 20,000 FLUX that's earning rewards from running their top-tier Stratus node. This is a project we really believe. They are pioneering the PoUW concept and have lots of affordable decentralized cloud-computing options for businesses and now Artificial Intelligence (AI). In fact our website is hosted on the FLUX cloud. Our FLUX was purchased below current prices but will likely be sold off as we move to a more concentrated web3 portfolio.
Boomland - Hunters on Chain (Polygon/Immutable zkEVM) - https://boomland.io/
This is a game we continue to be excited about. They just launched their P2A season one on the new Immutable zkEVM blockchain. They had 70k players! That's just amazing.
You can currently play on the new chain with premium hunters but very soon we will be able to move our T1 and T2 polygon assets over to the immutable chain. These assets have already more than doubled but we see quite a bit more growth with the numbers of players we're seeing.
More information on zkEVM can be found here: https://polygon.technology/blog/introducing-immutable-zkevm-powered-by-polygon-the-home-of-gaming-in-web3-in-partnership-with-immutable
This was a post in their Announcment thread. When was the last time you saw over 500 reactions to a post on discord???
Guild of Guardians
GOG is a mobile-only turn-based RPG with gacha mechanics. I'm very excited about the future of this project. This is our latest investment on the new Immutable zkEVM chain. The game is one of the most polished mobile web3 gaming experiences I've seen. You can play it without every having to learn about the blockchain if you don't want to. You can also convert web2 assets into web3 or buy some on the tokentrove marketplace.
A Pirate Saga
Packs are now live! Gold and regular foil can be pulled. https://thepiratesaga.com/
This is a game between Thorlock and a hive-engine Dev that's still in pre-alpha. The game isn't owned by DRIP but there are synergies there. The game purchased over 1,000 DRIP to fund their rewards pool as a start. In addition DRIP buys some of their coin, LOOT, to give out during our daily raffles for stakers of 1,000+ DRIP.
A Pirate Saga is a pirate-themed NFT game that can be played right from DRIP's discord (link at bottom). The game is live and In fact, we're now on 5 discord servers (we just added one more this week) and growing. We've barely gotten started.
Newest update: We launched our website above, pack sales are live, we're working on ship battle mechanics. You will be able to attack other players to earn LOOT! We plan to have a browser-based way to play eventually on the site.
Looking Ahead
We plan to continue diversifying across chains while mainly concentrating our focus on web3 gaming per our whitepaper. We will continue to seek out more Gamefi investments that have a high likelihood of success.
It's still a great time to stack some DRIP! Buy, stake and collect higher payments every single day. We will continue paying out a portion of our earnings while using the rest to grow and compound our holdings over time.
New LP as of July 1st, 2024
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.
In only 10 days we have 75,877 swap.hive worth of liquidity in our pool worth $15,834 with an APR% of 84.553% at time of writing.
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!).
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
I just keep compound staking my daily DRIP token earnings.
I see we are receiving alot less DRIP now, but it's still quite good!
yep the first year 149% APY can't be sustained but we are still paying staking rewards and keep raising the daily payout each month. We are driving as much value to the token as we can.
Thank you very much for the awesome update.
I'm having a !MEME of a #FUN time.
May Positive pepEntropy be with you.
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Don’t worry I won’t spread it.
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What's Nine Chronicles?
I believe the chain is called Planetarium? Gondonar is the expert on this one. Essentially it's a turn based rpg like GOG but not quite as polished, they just released a mobile app not long ago.