Drip Network Review: 3 Lies They Aren’t Telling You.
Crypto Made Easy
Drip Network is a protocol on the binance smart chain. (BSC)
Taken From There Website:
The DRIP Network is the only deflationary daily ROI token that pays stakers and referrers from a tax on transactions and not through inflation!
It is made up of 3 primary contracts, the DRIP token which is a deflationary token that has a 10% tax on all transactions except for buys and this tax goes into the faucet pool which is used to pay the daily ROI and referral bonuses.
The Faucet is a staking contract that allows you to earns a consistent 1% daily return of your DRIP (365% maximum payout) passively, and the Reservoir which is The DRIP Network’s solution for players that want to benefit from non-inflationary yield farming by adding liquidity to DRIP.
Sounds Great Right?
Based on its historical price, it’s actually at an all-time low.
Which I understand during a bear market but let’s get into the lies they have been telling their audience.
Lie #1 Drip Is A Deflationary Token
This means that there is less of it than the originally 1,000,000 DRIP created.
And If you check the smart contact you can actually see there is 383,202 additional Drip Added, which actually means it’s inflationary.
Even There White Paper Says They Will MINT New Drip Tokens.
If Demand Stays The Same or Decreases And More Supply Is Added
Than The Price Will Go Down.
Lie #2 When DRIP is deposited into the faucet it is burnt.
If We Look At The Dead Wallet We Can See That There Were Only 9 Transactions Ever Sent To The Dead Wallet, For A Total Of 1,740.142665782511909413 DRIP
Side Note: Only The First Transaction Ever Sent Any Drip To The Burn Wallet, All The Other Transactions Were Zero Drip.
Not Only Is The Token Not Deflationary, And In fact Inflationary, But They Are Not Sending Anything To The Burn Wallet.
Lie #3 Whale Tax
The Whale Tax Is A Lie Because No One Will Be Able To Have More Than 4% So A Huge Tax Really Doesn’t Protect Anyone.
It’s Just A Facade To Make People Feel Safe They Won’t Be Dumped On By Whales, But With Downward Selling Pressure ALWAYS.
There Is Literally 10x The Selling Pressure Than Buying Pressure For Drip.
Don’t Invest In Projects That Continue Tell Lies To Their Audience And String Them Along Like Drip Network Does.
This Has Been A Scam I’ve Been Following For Awhile Now.
If you want to stay ahead of the curve,