Back in August I invested the equivalent of 1 BNB knowing that if I compound the daily return of 1% just once per day, I can turn that into more than $18,000 in 365 days. (Based on 1 BNB/$581).
That’s 31.24 BNB, a third of a Bitcoin or more than 4 ETH, as of today’s price.
What is this magic pot, you must be wondering. I can tell you, it’s called DRIP.
DRIP is a project created by Forex Shark and it is designed to be long lasting by offering a sustainable return — paid for by taxes that goes back into the central pot — when you compound or withdraw.
It’s a bit like how a pension works. There is always money to pay those that retire after you, because you paid taxes when paying in or when collecting your payments.
So when you compound your available amount, you pay a tax of 5%. When you withdraw, you pay 10%. This is calculated from your 1% available so it’s actually quite a small amount.
Ok back to the 31.24 BNB you have accumulated. If you compound every day for 365 days, on day 366 onwards you will be able to withdraw 0.3124 BNBs worth of DRIP, or approximately $180 every day until you have claimed a maximum of 100,000 DRIP (approx $2,000,000 @ $20/DRIP). Don’t just take my word for it, here’s the details put into this daily compound interest calculator.
Here’s the link in case you want to try out other figures.
https://www.thecalculatorsite.com/dailycompound?a=1&p=0.95&pp=daily&y=0&m=0&d=364&dr=100&iw=y&dw=y&md=0&rp=monthly&sd=2022-01-01
The principal amount refers to your deposit, your initial investment.
The interest rate is set at 0.95% as you are taxed 5% each time you compound.
Below is the Investment Projection based on the inputs above. 1 BNB invested will return 30.24 BNB after 1 year.
Of course, if you have more than 1 BNB lying around, you can scale up, I don’t really need to explain that 2 BNB invested will return you 62 BNB, 2 thirds of a Bitcoin or over 8 ETH etc etc, do I. No? Ok, good, on with the show.
Woah, wait a minute, 3 BNB invested could get me approx 1 BTC in 1 year?
BRB…
Now, I also mentioned a limit of withdrawing. You can withdraw up to a maximum of 100,000 DRIP. Let’s not get too greedy, eh? Although, after you start withdrawing why don’t you start the process again? Put some DRIP into a new wallet and start compounding again. Remember all the taxes you paid? Your previous taxes and other users taxes will be there to continue the cycle and enable you to carry on receiving the 1% payout.
By setting up a new wallet each year, you can have a side income of ~$180 a day for years, if the price stays the same. All from just a $581 investment that you were able to claim back in the first 4 days of claiming.
Where do I sign?
Go to https://drip.community/fountain and exchange BNB for at least 1.12 DRIP.
Enter a Buddy address in the Referral section of the Faucet (https://drip.community/faucet) Consider joining the Cryptozoa team using me as your Buddy: 0x0487c4EF8b10104B4890Eacd0B45C38B8510AE00
Deposit at least 1.12 DRIP (Ensure you have enough BNB to pay for the gas fees.) You are setup on DRIP. Get ready to receive 1% daily!
You become part of the Cryptozoa family. Congratulations! Please come and find me in the Cryptozoa Telegram group and say hi. I will support anyone who signs up using my buddy address. If you have any questions or need help, I will get you up and running.
Related links:
Cryptozoa Medium — https://cryptozoa.com/
Cryptozoa Telegram — https://t.me/joinchat/PbTulqLoCmAzZmQx
DRIP Lightpaper — https://www.docdroid.net/0i3RJTu/drip-lightpaper-pdf
DRIP Contract Link — https://bscscan.com/token/0x20f663cea80face82acdfa3aae6862d246ce0333
My other articles:
DRIP on the go, how to go about it
Please note: The compounded amount will be added to your Deposits, 90% which are locked, and not withdrawable. The remaining 10% goes to the Tax Vault. In exchange you receive 1% of that staked amount which is claimable on a 24 hr basis, up to 365% in total.