Drip Network review for September 2022
New Drip Network compound and claim strategy updated
Drip Network and the Animal Farm ecosystem are getting ready for some major updates.
Forex Shark the lead dev for Drip Network has announced the re-opening of Animal Farm for the middle of October. This has led to continued optimism amongst the community.
Some of the major changes being announced are:
October 18th Animal Farm Re-Launch
October 18th Massive Marketing Campaigns begins
Dogs of Fortune game coming out 2-3 weeks after Animal Farm Launch
Upcoming events without dates:
New DRIP user interface (UI)
We are looking to add our first team member to our DRIP BUDDY community. There are a lot of teams out there to choose from, but if you want to join a team that is just getting started we would be happy for you to join us on our journey to financial sovereignty.
We are offering our new members at least one Air Drop a month. This means we take one day of our earnings in DRIP and pass it on to our team members. The first few team members will see some real value here regardless of the amount that was deposited. 1% of 513 is currently 5.13 Drip earned per day. That is a pretty nice AIRDROP!
If you would like to join our team to learn more about Drip and the whole ecosystem send me a message @1000saday on Twitter. I would be glad to walk you through any questions you may have.
If you know how to buy BNB and get it in your Metamask you can signup for DRIP with our link here:
With DRIP now being over 500 days old the protocol is starting to really build a reputation within the DEFI world as a protocol that will be here for some time to come.
DAPP Radar has just started to place DRIP in a more prominent place on its website. The Animal Farm Protocol which saw tremendous success the first time around is reopening. There are multiple new products being rolled out over the next few months along with hundreds of thousands of dollars going into promoting DRIP starting in October.
I am excited for the future of all things DRIP and hope it is bringing me and my family.
Compound Claim strategy:
My compound vs. claim strategy has greatly changed over the last month. As I stated last month I am now claiming a certain percentage of my Drip rewards and I use those rewards to pay for my children’s school lunches. This is roughly $200+ at the current rate.
I have also decided to claim an additional $65 each month to pay for my local gym membership for my family. I realize this is a pretty small amount for a gym membership, but using this passive income source to pay for one of your smaller monthly bills has been really nice.
Where does this leave my compound vs. claim strategy?
Last month I was waiting 10 days and then claimed those 10 days. I realized this was not the best strategy. I am now alternating compounding and claiming every other day.
My current DRIP FAUCET balance is just over 500 Drip with the current price of Drip being around $7. I am compounding 14 days a month leaving me with $490 claimed before applicable protocol taxes.
1% Per Day Earned (500*.01=5)
1% multiplied by the current DRIP Value (5*7=35)
Total Claimed: (35*14=490)
I was fortunate enough to DCA a couple of times in August. As you can see there are still some leftover earnings. I am storing this value in BUSD while I decide where to move next. Possibly a trading bot?
Thank you for reading. We are moving forward and everyday getting closer to our goal of 1K per day.
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Nothing in the guide is to be taken as investment advice. Neither the author nor the publication takes responsibility or liability for any investment, profits, or losses you may incur as a result of this information. The article may contain affiliate links. Remember to conduct research before making any investment decision.
Find out more about all things Drip Network @ Drip Network Buddy