Welcome back, we're here with yet another unbiased review on Drip Network , a cryptocurrency-based MLM and investment scheme which promises 1% daily ROI.
Here we will have the company profile, joining process, faucet investment plan and referral commissions.
At last, we will share our personal opinion answering the question, is Drip Network a con?
What is Drip Network?
According to the whois data, the domain drip.community was registered on March 22, 2021.
Drip Network is anonymously developed and 2 names appeared on their website Forex_Shark and BB.
Information regarding owners of Drip Network is not openly upfront therefore it comes under suspicion.
Drip Network has a unique crypto token named “DRIP” that will be based on BEP-20, Binance Smart Blockchain technology. There's an overall total of 1,000,000 tokens issued by Drip Network.
Similarweb stats reveal that all the traffic to drip.community is from the United States (43.43%), United Kingdom (5.51%), and Netherlands (4.43%).
Drip Network takes 10% tax on all transactions of drip tokens and this tax switches into the faucet pool that will be used to pay the daily ROI and referral bonuses.
Drip network explained
Something that many founders, pioneers and entrepreneurs on earth of cryptocurrency want to do would be to mirror the behaviour of conventional stocks and shares. You might hear talk about third or fourth industrial revolutions from certain kinds of blockchain evangelists, however, if the concept of decentralised finance (DeFi) would be to mean anything, the main element is that it may do exactly what traditional, centralised, financial services may do without having to depend on traditional, centralised, banks and financial service providers.
Many regular stocks and shares pay out dividends. This, basically, could be the idea that simply by holding onto one's stock, you possibly can make money, provided that the business you own shares in turns a profit. Whilst the Corporate Finance Institute (CFI) says: “A dividend is really a share of profits and retained earnings that a company pays out to its shareholders. Each time a company generates a gain and accumulates retained earnings, those earnings may be either reinvested available or paid out to shareholders as a dividend.”
Now, many cryptocurrencies make an effort to mimic the thought of a passive income. As an example, lots of cryptos feature staking, whereby people lock in funds in the network's liquidity pool in order to earn rewards.
The Drip Network aims to work similar to this, a little differently. The platform is made to, in effect, pay the token's holders a de facto daily dividend, allowing them, at the least theoretically, to generate income without having to actually do anything Go URL.
The system works by people buying their crypto and depositing it into the network. The platform takes a flat 10% tax if it's been bought from an exchange, although purchasing it from the network's site foregoes this, and the others is supposed to visit work, giving people a 1% dividend daily for up to 365 days. It is worth noting, though, that you do not get the money you initially invested back.
With regards to what folks can deposit, the solution is based on the Drip Network's conveniently named drip network token, also known by its ticker handle of DRIP. It is worth noting that DRIP is based on the BNB Chain (BNB), formerly called Binance Smart Chain. What this means is it is a token, rather than a coin. When you might find references to such things as a drip network coin price prediction, these are, technically speaking, wrong.
Information regarding owners of Drip Network is not openly upfront therefore it comes under suspicion.
Drip Network has a unique crypto token named “DRIP” that will be based on BEP-20, Binance Smart Blockchain technology. There's an overall total of 1,000,000 tokens issued by Drip Network.
Similarweb stats reveal that all the traffic to drip.community is from the United States (43.43%), United Kingdom (5.51%), and Netherlands (4.43%).
Drip Network takes 10% tax on all transactions of drip tokens and this tax switches into the faucet pool that will be used to pay the daily ROI and referral bonuses.
Drip Network Verdict
Drip Network seems a beautiful opportunity because it offers 365% returns on investment and referral commission on bringing new members/investors.
But there are some real facts to consider before joining, which can make it a sham.
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