Hive DRIP Treasury Report - Month of September
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 $21,265 to currently $29,330. That's a 38% increase in one month. We now have over 275 stakers of DRIP in just 3 months.
Investment Update
In September we increased the number of Splinterlands SPS Node LICENSE's to 15 and also purchased some key rental cards. We also increased our DEC holdings as Splinterlands has stated it's a top focus for the company to get DEC to peg value. LICENSE holdings are the reason we're overweight Splinterlands assets currently. Our target Splinterlands allocation is 25% over the next 3 months.
September we again invested heavily in Serfdom and Sorcery run by @psyberx. We are watching closely as the game expands into more discord servers. The developers are very active and vocal with their community. We purchased some assets that will be future NFT's that are currently paying out well in their token, DBLN. We also added to their WAX LP on TacoSwap. In fact the NFT assets purchased are valued nearly double what we originally paid based on recent offers in discord. S&S is now 20% of our assets.
In the other category that is comprised of mainly altcoins and stables, we added over 14,000 WAX to our account and staked a lot of it. We are currently looking for other games on WAX to invest in.
Our 9 NFT's We purchased in August from a Polygon game called Boomland: Hunters on Chain are valued slightly higher than what we paid. We expect these to continue to rise and soon the game will have the ability to rent hunters, so we can earn income on these assets if we choose to. You can check out game for free here: https://boomland.io/.
We lowered our stake in WOO and plan to exit completely but have increased our stake in every other game we were previously invested in. We also partnered with @risingstargame to create our first NFT. Check that post on milestones. We continue to look at liquidity pools and NFT's of several of the top games on Hive. As we grow we plan to continue to expand into other blockchains.
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 Holdings
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!
- Hive DRIP Adds Giveaway Bot to Server (currently giving out up to 25,000 DBLN daily)
- Hive DRIP Partners with Rising Star to Create Their First NFT & Adds DRIP to Leaderboard
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. The daily payouts were just increased again for the third time on October 1st, we plan for another increase in November. There is no better time to invest in DRIP than now! Our first year staking rewards are 149% APY! I've also produced a calculator I'll post and pin in our discord.
It's been a thrilling ride guys the last 3 months! 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. We now have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts (currently up to 25,000 daily DBLN).
10000+ DRIP staked - New role and 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 barely over a month. Trache 3 is 70,000 tokens at a price of 1.50 swap.hive and half sold out.
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/zZUvbe5f (if link is expired check recent PeakD articles)
Free Hive Wallet: https://hiveonboard.com?ref=hivedrip
Good work! !PIMP that post
You must be killin' it out here!
@stickupboys just slapped you with 1.000 PIMP, @hivedrip.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/2 possible people today.
Read about some PIMP Shit or Look for the PIMP District
Very nice token this DRIP
Liking the DRIP idea. Hoping to see it keep growing and earning.
Have to ask though, why the decision to pull out of WOO?
Big fan of this project and idea. When some of my powder dries out, I plan on grabbing a few more before the last tranche is over and done. Wish I could have gotten my hands on some a little sooner than I did.
!ALIVE
!PGM
!PIZZA
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@hivedrip! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ mirroredspork. (1/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
$PIZZA slices delivered:
@mirroredspork(1/5) tipped @hivedrip
awosome!
happy to be part of it
I would like to see more invest in muttera! I love their project and it's now pretty cheap...
Really nice project. I like how you diversify unlike other "funds" here that basically put all eggs into one basket. I will definitely invest once I get some dry powder :)
I recommend checking out Warsaken. They have payout for just holding their assets in your wax wallet and they should soon release their "standard mode".