Welcome back, we are here with an additional unbiased review on Drip Network , a cryptocurrency-based MLM and investment scheme which promises 1% daily ROI.
Here we will feel the company profile, joining process, faucet investment plan and referral commissions.
At last, we will share our personal opinion answering the question, is Drip Network a scam?
What is Drip Network?
Depending on the whois data, the domain drip.community was registered on March 22, 2021.
Drip Network is anonymously developed and 2 names appeared on their website Forex_Shark and BB.
Information regarding owners of Drip Network is not openly upfront therefore it comes under suspicion.
Drip Network has its own crypto token named “DRIP” that will be based on BEP-20, Binance Smart Blockchain technology. There is an overall total of 1,000,000 tokens issued by Drip Network.
Similarweb stats show that the majority of the traffic to drip.community is from the United States (43.43%), United Kingdom (5.51%), and Netherlands (4.43%).
Drip Network takes 10% tax on all transactions of drip tokens and this tax adopts the faucet pool that will be used to cover the daily ROI and referral bonuses.
Drip network explained
Something that lots of founders, pioneers and entrepreneurs in the world of cryptocurrency might like to do is to mirror the behaviour of conventional stocks and shares. You might hear discuss third or fourth industrial revolutions from certain kinds of blockchain evangelists, however if the notion of decentralised finance (DeFi) is to mean anything, the important thing is so it can do precisely what traditional, centralised, financial services can do without having to depend on traditional, centralised, banks and financial service providers.
Many regular stocks and shares pay out dividends. This, basically, is the indisputable fact that just by keeping one's stock, you possibly can make money, so long as the organization you have shares in turns a profit. While the Corporate Finance Institute (CFI) says: “A dividend is really a share of profits and retained earnings that a company pays out to its shareholders. When a company generates a profit and accumulates retained earnings, those earnings may be either reinvested in the commercial or paid out to shareholders as a dividend.”
Now, many cryptocurrencies make an effort to mimic the idea of a passive income. For instance, a lot of cryptos feature staking, whereby people lock in funds in the network's liquidity pool in order to earn rewards.
The Drip Network aims to work like this, only a little differently. The platform is made to, in effect, pay the token's holders a de facto daily dividend, allowing them, at the very least theoretically, to make money without having to actually do anything.
The device functions by people buying their crypto and depositing it into the network. The platform requires a flat 10% tax if it's been bought from a trade, although purchasing it from the network's site foregoes this, and the remainder is meant to go to work, giving people a 1% dividend each day for approximately 365 days. It's worth noting, though, that you don't get the money you initially invested back.
When it comes to what individuals can deposit, the answer is based on the Drip Network's conveniently named drip network token, also known by its ticker handle of DRIP. It's worth noting that DRIP is based on the BNB Chain (BNB), formerly referred to as Binance Smart Chain. This means that it is a token, rather than a coin. While you will see references to specific things like a drip network coin price prediction, they are, technically speaking, wrong.
Information regarding owners of Drip Network is not openly upfront therefore it comes under suspicion https://scamrisk.com/drip-network/.
Drip Network has its own crypto token named “DRIP” that will be based on BEP-20, Binance Smart Blockchain technology. There is an overall total of 1,000,000 tokens issued by Drip Network.
Similarweb stats show that the majority of the traffic to drip.community is from the United States (43.43%), United Kingdom (5.51%), and Netherlands (4.43%).
Drip Network takes 10% tax on all transactions of drip tokens and this tax adopts the faucet pool that will be used to cover the daily ROI and referral bonuses.
Drip Network Verdict
Drip Network seems an attractive opportunity since it offers 365% returns on investment and referral commission on bringing new members/investors.
But there are a few real facts to think about before joining, which can make it a sham.
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