Is DRIP Really Sustainable? — A Closer Look at the Taxes of the DRIP Network

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Hi Everyone, as I mentioned in my previous article, I have recently invested in DRIP: A Fixed Deposit In Crypto With 365% Return APY. You can find this article here where I describe in much detail what is DRIP and how you can start investing.

Catalyst, one of the members of the Cryptozoa telegram group wrote a beautiful article about how Drip is Sustainable and can give 1% daily returns consistently.

You can find the link to the article below:

https://medium.com/cryptozoa/how-is-this-sustainable-a-closer-look-at-the-taxes-of-the-drip-network-50adb2c8192d

My Opinion

I see this as an amazing opportunity to earn passive income, big time. I hydrate daily and I plan to do it for at least 365 days before claiming anything. Until banks start beeing competive again I will always have my eyes open for opportunites in DeFI.

Recap On How To Invest In Drip

  1. Set up a metamask wallet
  2. Buy BNB Binance or Gate.io.
  3. Go to https://drip.community/fountain and exchange BNB for DRIP.
  4. Enter a Buddy address in the Referral section. You can use my Buddy ID 0x6dE832116Cd0165A1a58eC6F9Be9873670cA10E0
  5. Deposit at least 1 DRIP (Always have enough BNB on Metamask to pay for the gas fees.)

Some useful links

Contact me on Telegram https://t.me/Demarko10

Drip Telegram Group — https://t.me/DRIPtoken_Chat

Cryptozoa Telegram group. This is an amazing group with very friendly people to ask questions about DRIP —https://t.me/joinchat/PbTulqLoCmAzZmQx

DRIP Lightpaper — https://www.docdroid.net/0i3RJTu/drip-lightpaper-pdf

Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links.

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