How fast can you become a millionaire in DRIP?
There are many strategies one can apply to attain significant financial returns in DRIP. However, the one I want to focus on here is the fastest way to max out your payout.
Essentially, the way DRIP works is you stake your DRIP tokens by depositing them into the Faucet, and each day you receive a 1% return on whatever your deposit balance is. So, for example, if you deposited 100 DRIP, you would receive 1 DRIP per day, up to a max payout of 3.65 times your deposit balance. So, you would receive 1 DRIP each day until you received 365 DRIP.
But besides just claiming your 1% return each day, you can also reinvest it, or “hydrate.” By hydrating, not only do you experience the benefits of compounding, and potentially increase your APY to 3,678%, but you also reset your max payout each time you hydrate — to 3.65 times your new deposit balance.
It’s important to note that DRIP has a hard cap of 100,000 DRIP that you can claim during the life of your account. So, once you’ve reached that threshold, your account will no longer generate a 1% return on your deposited balance.
So, what steps can we take to reach the 100,000 DRIP cap over the shortest timeline?
Well, we can back into the deposit balance we would need by dividing 100,000 by 3.65. That will give us a deposit balance of 27,397 that we would need in order for our max payout equal the maximum amount of DRIP that we can claim. If you’re a whale and you have enough capital set aside to deposit 27,397 DRIP up front, which would be $2.7M based on the price of DRIP at the time of this article, then have at it. But for the rest of us, assuming we started a DRIP account with $1,000, which would give us a little over 10 DRIP, we could max out our account in just over 3 years. This would be accomplished by hydrating every day until a balance of 27,397 is reached, and then claiming every day until we reach 100,000 DRIP. After DRIP network transaction taxes, and whale taxes, a maxed-out account would have made $3.8 million dollars on a $1,000 investment!
For the average person, there are only a handful of ways to achieve that kind of financial success: you could work your whole life for an employer, trying to work your way up the corporate ladder, living frugally, saving up your money, and hopefully by the time you retire you’ve reached your financial goal. Or perhaps you could defy the odds and have a great idea for a new business, hustle to grow and find investors, and eventually after years of busting your ass around the clock you could sell your company or take it public and cash out.
DRIP offers the chance to achieve that same level of financial success with possibly the least amount of effort it could ever take to become a millionaire. For those who strive to actually become a millionaire, this is the easiest and fastest way you could ever achieve that. DRIP has the potential to be truly lifechanging.
How to get started with DRIP:
You’ll need to purchase BNB to exchange for DRIP tokens. If you’re in the US, you can use Binance.US or crypto.com.
If you don’t already have one, create a MetaMask wallet that you will use to connect to the DRIP network.
Transfer your BNB to your MetaMask wallet — make sure you’re on the Binance Smart Chain for your network. If you need it, here are instructions to setup the Binance Smart Chain on your MetaMask wallet — https://medium.com/@leeds.harry/how-to-withdraw-bnb-on-binance-us-to-metamask-for-bakeryswap-7916807772f7
Go to the DRIP SWAP page and connect your MetaMask wallet to exchange your BNB for DRIP tokens. Be sure to leave behind a little BNB to cover gas (0.05–0.1 BNB).
Next head to the DRIP Faucet and deposit at least 1.12 DRIP tokens into the Faucet.
You’ll need a Buddy in order to get into DRIP. Consider using my Buddy address in the Referral section: 0x8014D214b75570c77cB9E994f6E8155a95fD2E89
After you’ve deposited your DRIP into the Faucet, you’re all set. Just remember to come back daily to hydrate!
DRIP CONTRACT LINK — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
Buy BR34P — https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xa86d305a36cdb815af991834b46ad3d7fbb38523
DRIP Telegram Group — https://t.me/DRIPtoken_Chat
Cryptozoa DRIP Telegram Group — https://t.me/joinchat/PbTulqLoCmAzZmQx
Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links.