New Token, DRIP, and the Whitepaper
Drip Whitepaper
You may have heard the famous quote from Albert Einstein: "Compound interest is the 8th wonder of the world. He who understands it, earns it... he who doesn't, pays it." With backgrounds in actuarial science, economics and computer science we understand this "power" that can provide exponential growth.
What is DRIP? The DRIP coin is a crypto-coin on the Hive blockchain. In traditional finance DRIP stands for Dividend ReInvestment Plan. Typically this involves buying stocks that pay dividends and allowing those dividends to "drip" or purchase additional shares which compound your returns. The idea of DRIP coin stemmed from our passion for crypto and over 20 years experience successfully investing into dividend growth companies in traditional finance.
What is the purpose of DRIP? The purpose of DRIP is to invest its funds into GameFI projects, mainly on the HIVE blockchain. GameFI is just a segment within the decentralized finance (DEFI) ecosystem that combines gaming and blockchain technology. The tokens earned will be partly reinvested and partly paid back out to holders of the DRIP token. This allows us to grow the payouts into perpetuity. The token can be purchased directly from hive-engine here: Buy DRIP.
Investment thesis / Differentiation Smart, consistent investments are the key to growth of the project. Compared to other projects I've seen we aim to be extremely transparent. Hive DRIP plans to release financial updates regularly so you will know what's being invested in and the performance of these investments. Hive DRIP will seek to pay out more of its earnings while trying to grow as quickly as possible. Hive DRIP will pay out daily rewards in the native token on hive-engine, swap.hive. Our goal is to increase the payout per token each month.
80-90% of initial funds from market sales will be invested into the Hive ecosystem of GameFI projects. 10% of funds are planned to be invested into the Hive stablecoin, HBD. Noteworthy projects include but are not limited to Splinterlands, Genesis League Sports, WOO, Astral Revelations, Rising Star, Muterra, Serfdom & Sorcery. These funds will be put to work in Liquidity Pools (LP's), Token Staking, Node Licenses, NFT's, NFT rentals and partnerships that have a high likelihood for success.
Our goal is to become a sucessful, high-growth and very diversified project.
Tokenomics - The maximum total supply of DRIP tokens will never exceed 1,000,000,000.
The initial mint will be 1,000,000 tokens distributed as follows:
| Source/Timeline | Tokens | % of Total |
|---|---|---|
| Market Sales (hive-engine/tribaldex) / 36 months | 500,000 | 50% |
| Team / 36 months | 90,000 | 9% |
| Partners/Advisor / 36 months | 10,000 | 1% |
| Staking/LP/Rewards/DAO | 400,000 | 40% |
| Total Amount | 1,000,000 | 100% |
The primary goal of the token is to reward the loyal holders that have invested and to grow their payouts significantly over time. The assets will be jointly owned by all token holders.
We plan to sale 50% of the initial mint of tokens on the market starting at 1 swap.hive. The only way to earn right away will be to purchase directly from hive-engine or tribaldex here: https://tribaldex.com/trade/DRIP
9% of tokens are reserved for the owners of the project which will be distributed evenly over 36 months.
1% of tokens are reserved for special partners who will work with the Team to help with marketing/advertising/IT.
40% of the tokens are reserved for LP's and/or Staking rewards or other types of future rewards deemed essential. We plan for staking rewards to be paid out over 36 months with majority delivered first year. The staking rewards will start sometime within the first three months from launch.
Launch - Once the token launches, funds will be collected and started to deploy into projects. The plan is to start payout of rewards 2 days after launch date. Rewards will be daily. There will be a tranche discount starting on launch day with the largest discount during the pre-sale period with each additional tranche increasing in price. Future tranches and staking rewards will be decided during 5th tranche of sale and top holders will be able to help with decision making.
| Tranche | Tokens | % of Total | Cost |
|---|---|---|---|
| Pre-sale/1st Tranche | <20,000 | 4% | 1.0 Swap.Hive |
| 2nd Tranche | 20,001 < 50,000 | 6% | 1.25 Swap.Hive |
| 3rd Tranche | 50,001 < 120,000 | 14% | 1.50 Swap.Hive |
| 4th Tranche | 120,001 < 250,000 | 26% | 1.75 Swap.Hive |
| 5th Tranche | 250,001 < 500,000 | 50% | 2.0 Swap.Hive |
Staking Rewards - Staking rewards are targeted to start one month after initial sales launch. The rewards are given in additional DRIP tokens. Your DRIP tokens will need to be staked to earn staking rewards but will still earn swap.hive daily either way. Staking rewards will be .25% daily over the first year, a 149% ROI. The unstaking of DRIP tokens will require 4 weeks with 25% unstaked each week.
The Whitepaper can also be found here: https://hivedrip.com/index.php/whitepaper-drip/
**Launch date expected to be first week or two of July 2023. Stay tuned!
Congratulations @hivedrip! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 50 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: