DRIP, a passive income of $1500/month on around $550 investment — Possible?
About a month ago, on Dec 14th my journey to the DRIP started. I have invested around $250 and got 4.8 DRIP after depositing in the faucet. I was completely new and got to know about the DRIP from one of my crypto friends. Thanks to him for letting me know about the DRIP.
Now, my target is to get around $1500/month in passive income, and to get to that level I need $50/day. Which at the current rate can be achieved at 0.83 DRIP. So, how to get 0.83 DRIP/day. For that, let's get to know about the DRIP first.
What is DRIP?
DRIP is a Defi project that is able to provide passive income through smart contracts. You purchase DRIP and deposit it into the faucet. Once your DRIP is in the faucet, it pays you 1% per day every single day in DRIP tokens. You have two options after that, either you can claim your daily earnings or deposit back in faucet(hydrate) to compound your daily earnings. On hydrating, you get 3678% APY by the end of the year.
So, what's the progress in my goal.
I have invested again around $110 for 1.8 DRIP on Dec 22nd, so my total investment now is $360.
On Dec 28th, I have invested again $180 for 2.88 DRIP. So, my investment in DRIP is now around $540.
During this whole period, I was always hydrating when my available DRIP was around $10 value. Why not earlier or later. Since for every hydrate, you have to pay the gas fee and I felt it is better to hydrate when there is enough DRIP to justify the gas fee.
During this whole process, I was able to get 4 direct team members. Which helped me get 1 extra DRIP.
So, at the moment, I am holding 13.382 DRIP.
What's the future plan?
To increase your earnings, you have to increase the DRIP value in the faucet. There are 2 ways to do that, one to increase your team members, and the second is to hydrate daily.
First, whenever anyone wants to join the DRIP, they have to use the buddy address of a member of the DRIP. And the buddy will get 10% of the deposited DRIP. My plan is to increase my team, leading to an increase in DRIP value in the faucet. If this article helps you anyway, you can find my buddy ID details at the end of the article.
Second, at the current deposit value, I will be getting 0.133 daily. And my plan is to invest it daily in the faucet. So, how long it will take me to get 0.83 DRIP every day. It will be 183 days, which is around 6 months.
It's a very long time? The calculation is done only based on hydrate and with the current rate of $60. Looking into the stability of DRIP during the recent market condition, I would say, I can achieve it a lot earlier. Also, if the team members increase, it will surely help to achieve my target soon.
I would love to have you join our team and help you in getting a stream of passive income. Join DRIP, then connect with me on Telegram (both down below), and let’s get you started earning 1% daily and working on building your own team!
How to Start
- Go to https://drip.community/fountain and exchange BNB for DRIP.
— If you’re having trouble getting some BNB, go check out this article for step by step guide on the same.
- Then Go to: https://drip.community/faucet, and scroll down to Get a Buddy.
You have to enter a Buddy address in the Referral section. Consider adding my address for your Buddy: 0xF168e1dF722208DEC79cA3e91403fDDb57E023E2 (You can click the “Buddy Detected” button if you use the link above to get there.
- Then scroll back up to Deposit and deposit at least 1 DRIP (Ensure you have enough BNB to pay for the gas fees.)
- You’re set up on DRIP. Get ready to receive 1% daily!
- You can join my personal telegram channel for any support(Personal Telegram Gateway).
I am part of the Cryptozoa DRIP team. We are a global community of DRIP enthusiasts who are welcoming and helpful. We converse on our own private Telegram group where we share DRIP tips, strategies, breaking news, and more. If you would like to join in the conversation, please join the Cryptozoa team (by getting into DRIP and using my Buddy address above), and then head over to my Personal Telegram Gateway. I can help you get going with DRIP if you need it, or answer any questions you have as well (to the best of my ability!)
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.