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

We have raised and invested over 71,285 HIVE. We have come such a long way since DRIP coin launched on July 3rd and our pre-sale sold out just 5 days later! We currently have over 200 stakers of DRIP in just 2 months of existence.

Our Investments

We have raised 71,286 HIVE since July.

In August we invested heavily in Serfdom and Sorcery run by @psyberx, here you can read a guide by @sketchygamerguy https://peakd.com/hive-111011/@sketchygamerguy/the-first-day-guide-to-serfdom-and-sorcery

We believe this game has very high potential to go viral because it is played on Discord casually and the developers are very active and vocal with their community.

We've invested into coins, liquidity pools and NFT's of several of the top games on Hive. As we grow we plan to expand into other blockchains. In fact we made a small purchase into some NFT's of a Polygon Game called Boomland: Hunters on Chain in August. You can check that game out here:
https://boomland.io/. We are looking beyond just HIVE to invest into some of the top projects in GameFi for diversification. Our other assets include any Swap.Hive/Hive/HBD we have along with any other non-gaming assets.

Treasury Report

Milestones

• We sold out of our pre-sale in 5 days!
• We started staking rewards 2 weeks early paying out 149% APY over first 365 days.
• We broke through $10,000 in treasury assets!
• A member reaches the 5000 DRIP milestone and claims 500 DRIP bonus.
  
• We Sold Out of Second Tranche
• We Increased Our Daily Payout For 2nd Time In 2 Months!

Looking Forward

We plan to continue to invest and grow our assets while rewarding our loyal investors. The daily payouts were just increased for the second time on September 1st, we plan for another increase in October. There is no better time to invest in DRIP than now! Our first year staking rewards are 149% APY!

It's been a thrilling ride so far and it has barely been two months! We still have a long ways to go but we're staying focused on providing value. It's going to be a great year for DRIP!

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 tranche of our sale. We sold 20,000 tokens during pre-sale, 30,000 tokens during tranche 2 and now have less than 60,000 of the original 70,000 DRIP tokens left in tranche 3 listed at 1.5 Swap.Hive each. Each tranche will increase in price. It's 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. Soon we will have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts.

5000+ DRIP staked - In addition to previous rewards you get 500 Bonus DRIP tokens to first person (Completed), 2nd person gets 250 DRIP tokens, 3rd gets 100. We have a few more people getting close to this level.

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 barely over a month. Trache 3 is 70,000 tokens at a price of 1.50 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 here: https://peakd.com/@hivedrip

Offical Links

Official Website: https://hivedrip.com/
Whitepaper: https://hivedrip.com/index.php/whitepaper-drip/
PeakD: https://peakd.com/@hivedrip
Buy DRIP coins: https://tribaldex.com/trade/DRIP
Discord Link: https://discord.gg/ge4AvSbu