Drip Network (DRIP) is a platform in the cryptocurrency space that strives to provide daily compensation through its deflationary mechanism. The platform operates with its native DRIP token, a BEP-20 token on a certain Smart Chain. The platform's approach involves a 10% tax on all transactions, which is then distributed as rewards to its users. The DRIP token aims to provide users with a 1% daily return on their contribution, up to 365% of their principal amount. It's important to note that the principal amount is not returned to the user, but the rewards can potentially reach up to 365% of it.

Drip Network operates through a system involving daily rewards, a referral system, and a compounding mechanism. Users can acquire DRIP tokens either from its native "fountain contract" on the site, thereby avoiding the 10% deposit tax, or from a certain swap platform, where the tax applies. Once acquired, these tokens can be deposited into "The Faucet", a part of the Drip Network where daily rewards are generated. The platform also encourages users to "hydrate", or compound their initial contribution, which incurs a lower tax rate of 5% compared to the 10% tax on claiming rewards. Additionally, Drip Network has a referral system where users can receive rewards from newly referred parties if they hold a certain amount of BR34P tokens in their wallets.

Drip Network aims to provide an opportunity for users in the cryptocurrency space. By offering daily rewards and a compounding mechanism, it seeks to create a system where users can potentially receive up to 365% of their initial contribution. Additionally, the platform's referral system provides an opportunity for users to receive additional rewards by referring new users to the platform. Drip Network also has a feature called "The Reservoir", which is the reward pool of Drip’s liquidity pool. Users can provide liquidity to the DRIP/BNB pool and receive a share of the 10% transaction tax.

Drip Network was launched in July 2021 by two anonymous accounts. The platform has been operational for over six months at the time of writing, and it has been an interesting case study in the cryptocurrency space due to its approach to daily rewards and deflationary dynamics. The platform's roadmap includes plans for a cross-chain bridge to expand the project beyond a certain Smart Chain and NFT rewards for participants that hit specific goals. However, due to the anonymity of its founders, potential participants are advised to proceed with caution.

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The current market cap of Drip Network is A$0.00. A high market cap implies that the asset is highly valued by the market.

The all-time high of Drip Network is A$260.45. This all-time high is highest price paid for Drip Network since it was launched.

Over the last 24 hours, the trading volume of Drip Network is A$25.70.

Assets that have a similar market cap to Drip Network include Enjinstarter, Birb, BitBase Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Drip Network is 0.