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
November Treasury Report
The value of our treasury increased from $48,3348 to $56,128. That's another huge increase in just a month and also it's mostly all organic growth. We now have 358 stakers of DRIP; up from 331 stakers of DRIP last month.
In addition we just yesterday announced another increase to our daily swap.hive payouts starting December 1st, and we plan for another increase in January. This is 5 straight increases in 5 months.
Investment Update
In November we just moved into our fourth tranche of our sale, which means DRIP went from 1.5 to 1.75 swap.hive on hive-engine. Our increases this month came mostly organically as some speculators were taking profits on over 100% gains. This is healthy and helps tame inflation as well. We didn't expect to be in the 4th tranche of sale until July so we're way ahead of pace! Notable changes were the value of our Splinterlands assets. SPS is up nearly 50% from the bottom and we're holding close to 400k SPS that's staked. We also hold a lot of SPS validator LICENSE tokens that we expect to pay off as SPS continues to go up in price. This is mainly why our Splinterlands holdings are back near 50% of our total. Over time this will get spread out as we move some of our profits into other projects. I said last month our goal was to build up to 1,000,000 SPS staked if prices stay below $.02. Well we're already above $.02 so we are happy with what we have.
New Investment in FLUX
I mentioned last month that we did an OTC deal in October for about $10k in assets a month or so back (Now valued at over $16,000) to acquire some BTC, ETH, MATIC and USDC. All but BTC were sold at a profit and we invested into owning half of a top tier validator node on FLUX which requires 40,000 soft-staked FLUX. If you don't know much about FLUX they provide cloud computing services. DRIP currently holds nearly 20,000 FLUX that has gone up about 50% since our purchase. We will be getting the validator set up hopefully in December to start earning more FLUX rewards on our investment. Special thanks to @ecoinstant for helping us swap the coins as a better rate.
To The Future
The great thing about tokenizing our project on HIVE is that we can earn outside of the HIVE ecosystem and bring those profits back here to pay our loyal investors. We are still looking beyond just HIVE to invest into some of the top projects in GameFi for diversification. We have our eye on several projects but must do our due diligence. Stay tuned and I hope everyone has a great holiday!
Treasury Holdings
Milestones
- DRIP Raises Daily Payout For 5th Straight Month!
- DRIP Coin is up 125%!
- 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!
Looking Forward
We plan to continue to invest and grow our assets while rewarding our loyal investors. Whether our earnings are from HIVE or another blockchain our earnings are paid out here in HIVE. We are bringing value to the blockchain from many sources. There is no better time to invest in DRIP than now! Our first year staking rewards are 149% APY! I have a calculator posted and pinned in our discord.
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 now just started tranche 4 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 realtime trades and participate in managerial decision. 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 the latest posts on PeakD or InLeo here:
@hivedrip
https://inleo.io/profile/hivedrip/blog
A Pirate Saga - Now On 3 Servers
The game that started on DRIP Discord has now expanded and can be played on DRIP , Rising Star or The Pimp District discord channels. I'll spy ye on the horizon, where the salty breeze meets the boundless sea. Until then, may yer compass ever point true! Check out details here: @thorlock/new-hive-game-a-pirate-saga-is-now-live-come-and-join-us
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