Welcome back, we're here with one more unbiased review on Drip Network , a cryptocurrency-based MLM and investment scheme which promises 1% daily ROI.
Here we shall go through the company profile, joining process, faucet investment plan and referral commissions.
Eventually, we shall share our personal opinion answering the question, is Drip Network a fraud?
What is Drip Network?
According to the whois data, the domain drip.community was registered on March 22, 2021.
Drip Network is anonymously developed and 2 names appeared on the website Forex_Shark and BB.
Information regarding owners of Drip Network isn't openly upfront therefore it comes under suspicion.
Drip Network has a unique 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 reveal 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 numerous founders, pioneers and entrepreneurs in the world of cryptocurrency wish to accomplish is to mirror the behaviour of conventional stocks and shares. You might hear speak about third or fourth industrial revolutions from certain kinds of blockchain evangelists, however if the concept of decentralised finance (DeFi) is to mean anything, the main element is that it can do exactly what traditional, centralised, financial services can do and never having to depend on traditional, centralised, banks and financial service providers.
Many regular stocks and shares pay out dividends. This, basically, could be the indisputable fact that by simply holding onto one's stock, you can make money, provided that the business you own shares in turns a profit. Whilst the Corporate Finance Institute (CFI) says: “A dividend is just a share of profits and retained earnings that the company pays out to its shareholders. When a company generates a profit and accumulates retained earnings, those earnings can be either reinvested available or paid out to shareholders as a dividend.”
Now, many cryptocurrencies try to mimic the idea of an inactive income. For example, plenty 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 similar to this, only a little differently. The platform was created to, in effect, pay the token's holders a de facto daily dividend, allowing them, at the least in theory, to generate income and never having to actually do anything.
The machine works by people buying their crypto and depositing it into the network. The platform has a flat 10% tax if it has been bought from a change, although purchasing it from the network's site foregoes this, and the others is meant to go to work, giving people a 1% dividend each day for up to 365 days. It is worth noting, though, that you may not get the amount of money you initially invested back.
When it comes to what folks can deposit, the solution is based on the Drip Network's conveniently named drip network token, also known by its ticker handle of DRIP. It is worth noting that DRIP is on the basis of the BNB Chain (BNB), formerly called Binance Smart Chain. This implies that it's a token, rather than coin. As you might find references to specific things like a drip network coin price prediction, they're, technically speaking, wrong.
Information regarding owners of Drip Network isn't openly upfront therefore it comes under suspicion.
Drip Network has a unique 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 reveal 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 a beautiful opportunity as it offers 365% returns on investment and referral commission on bringing new members/investors.
But there are several real facts to consider before joining, which make it a sham.
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