What is Hive DRIP coin?
DRIP is a crypto-coin on the HIVE blockchain that invests into GameFI projects, which are projects that combine gaming with blockchain technology. We believe this will be one of the top growth areas in all of crypto over the next 5-10 years.
Source - main diagram: NewZoo, Blockchain games part: researchandmarkets.com
Recap
The value of our treasury increased from $56,128 to currently $82,987. That's a 47.9% increase in one month after two huge increases the last two months! We now have 391 stakers; up from 358 stakers of DRIP last month.
In addition we increased our daily swap.hive payouts again and we plan for another increase in February. This is 6 straight increases in 6 months.
Investment Update
In December we sold down our Splinterlands SPS Node LICENSE's to 20 from 24 to take some profits. The value of our 410k+ SPS continues to go up significantly and that's the reason we are currently overweight Splinterlands. We're up about 100% on our basis. Our current plan is to sell off liquid SPS/Vouchers while accumulating the staked SPS from the 20 Node Licenses.
We added two new gaming coins from different chains. One you may have heard of, Parralel. Parallel is a TCG in a vast sci-fi universe with five factions battling for home. It is on the Base chain by Coinbase. The other game is called Mega Land and is on 3 chains: Tron, BNB and Eth. This game is still in closed alpha but there are marketing plans for 2024 so we see a lot of potential here. Over time we want to be diversified across many chains.
We had an amazing month for DRIP sales. We had a 10% bonus given out to anyone that had net purchases of 500+ DRIP. The Top 10 net purchasers had purchases totally an astounding 27,671 DRIP. We are now sitting on liquid Hive/Swap.hive/HP of 43,000+. We will be looking to deploy some of this into new projects as we see fit.
Treasury Holdings
Milestones
- DRIP Coin Increases Daily Payout for 6th Straight Month!
- DRIP Coin Surpasses 350 Stakers!
- Drip Coin is up 125%!
- Drip Coin October Treasury Report - Assets Reach $50,000
- DRIP Coin Sells out of 3rd Tranche!
- Hive DRIP Adds Game, A Pirate Saga, Exclusively To Our Discord
- Hive DRIP Partners with Rising Star to Create Their First NFT & Adds DRIP to Leaderboard
- Hive DRIP Adds Giveaway Bot to Server (currently giving out up to 25,000 DBLN daily)
- We Increased Our Daily Payout For 2nd Time In 2 Months!
- We Sold Out of Second Tranche
- We broke through $10,000 in treasury assets!
- We started staking rewards 2 weeks early paying out 149% APY over first 365 days.
- We sold out of our pre-sale in 5 days!
Daily Payout
We pay out Swap.Hive every single day at 12:30 AM UTC and plan to increase the payout per DRIP coin held each month! We also reward .25% of staked DRIP daily at this time as well.
Staking Rewards
You'll receive exactly .25% of your staked DRIP tokens rewarded daily in liquid DRIP coins. This is a 149% APY. Coins paid out are liquid so you'll need to stake them daily in order to keep compounding your rewards.
Ex. - If you started with 1000 DRIP staked, you'll receive 2.5 coins the first day of staking rewards. If you then restake those coins, you'd earn 2.50625 additional DRIP the next day. If you did this each day for a year without ever purchasing more coins you'd have 2487.71 DRIP coins. Since the Swap.Hive payout is per coin and we plan to increase the payout slightly each month you'd be receiving more than 2.5 times your current Hive payout. The power of compounding is huge so don't forget to restake!
We are currently in the third 4th tranche of our sale. We sold 20,000 tokens during pre-sale, 30,000 tokens during tranche 2, 70,000 tokens during tranche 3 and we are well on our way through the 4th tranche with 130,000 coins listed at 1.75 Swap.Hive each. Each tranche will increase in price. It's still a very good time to get into DRIP. We wanted to reward our early backers the most! Don't miss out!
https://tribaldex.com/trade/DRIP
https://hive-engine.com/trade/DRIP
Our Staking Reward Perks
I posted this on our discord and we've already started staking rewards for certain tiers.
1+ DRIP staked - earn .25% daily in more DRIP tokens. This is a 149% APY the fist year.
1000+ DRIP staked - New role called DRIP Challenger and access to a no-cooldown room for S&S game. Auto staking script available. We now have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts (currently up to 25,000 daily DBLN). There's also a bonus in LOOT coins when you sign up for A Pirate Saga.
10000+ DRIP staked - A new role called DRIP Contender. Access to hidden rooms, see real-time trades and participate in important decision making. More perks in the works.
Investment Thesis
DRIP pays daily rewards in the native token on hive-engine and plans to increase payouts on a monthly basis. We prioritize smart, systematic, high-growth opportunities bringing the rewards back to token holders.
Tokenomics
We are selling tokens in tranches/batches and each tranche increases in price. Tranche 1/Pre-sale was 20,000 tokens and lasted only 5 days. Tranche 2 was only 30,000 tokens at a price of 1.25 Swap.Hive and sold out in barely over a month. Tranche 3 was 70,000 tokens at a price of 1.50 swap.hive and just sold out. Tranche 4 is 130,000 tokens at a price of 1.75 swap.hive.
Please see the Whitepaper for full details.
Purchase Tokens
Tokens can be bought directly from hive-engine or tribaldex.
Latest Posts
Follow along for all our latest posts here:
@hivedrip
https://inleo.io/profile/hivedrip/blog
Offical Links
Official Website: https://hivedrip.com/
Whitepaper: https://hivedrip.com/index.php/whitepaper-drip/
PeakD: @hivedrip
Buy DRIP coins: https://tribaldex.com/trade/DRIP
Discord Link: https://discord.gg/rMdAAe4jKp
Free Hive Wallet: https://hiveonboard.com?ref=hivedrip