Treasury
We can't have a NAV (Net Asset Value) report without our treasury holdings.
Our last treasury report was around $82k and considering HIVE is under $.14 and SPS has taken a hit lately, we're actually doing very well.
NAV Value
There's conservatively 634,000 DRIP in circulation. That puts our current NAV at 0.696 HIVE/DRIP. Since DRIP is trading at 0.22 HIVE/DRIP, DRIP is undervalued by 68.3%. That's a huge discount if you ask me.
Earn SPS just by holding DRIP
If you didn't know, you earn sps just by holding DRIP and if you stake your DRIP, we pay additional DRIP daily based on how much you have staked. What that means is if you restake your daily DRIP, you'll get more SPS each and every day!
2025 Update
In our last update we mentioned we'd be moving to a NAV (net asset value) valuation and transitioning most of our holdings into Splinterlands. We'd like to diversify again more later but Splinterlands will always be a core holding for us.
Healthy Liquidity
While less than we had due to drop in HIVE price we still have over $4k of liquiidty in the DRIP/Swap.Hive pool. It's easy to swap to/from the tokens.
https://beeswap.dcity.io/pools?search=drip
The pool is currently earning over 15% APR not including swap fees.
What is Hive DRIP?
DRIP is a crypto-coin on the HIVE blockchain that invests into GameFI projects, which are projects that combine gaming with blockchain technology. We believe this will be one of the top growth areas in all of crypto over the next 5-10 years.
Source - main diagram: NewZoo, Blockchain games part: researchandmarkets.com
Daily Payout
We pay out SPS every single day at 12:30 AM UTC. We also reward .0125% of of your staked DRIP daily at this time as well. We've moved to a fully sustainable model. Our SPS is earned from battle rewards, staking, node licenses, card rentals, sps rentals.
Staking Rewards
You'll receive exactly .0125% of your staked DRIP tokens rewarded daily in liquid DRIP coins. Coins paid out are liquid so you'll need to stake them daily in order to keep compounding your rewards.
You can follow this guide to automatically restake them:
@keychain/hive-keychain-v26
Ex. - If you started with 1000 DRIP staked, you'll receive .25 coins the first day of staking rewards. If you then restake those coins, you'd earn .250625 additional DRIP the next day.
https://tribaldex.com/trade/DRIP
https://hive-engine.com/trade/DRIP
Our Staking Reward Perks
I posted this on our discord and we've already started staking rewards for certain tiers.
1+ DRIP staked - earn .0125% daily in more DRIP tokens.
1000+ DRIP staked - New role called DRIP Challenger. We now have a rewards bot where only DRIP Challenger roles can enter for daily reward payouts (currently 500 daily LOOT). There's also a bonus in LOOT coins when you sign up for A Pirate Saga.
10000+ DRIP staked - A new role called DRIP Contender. Access to hidden rooms, see real-time trades and participate in important decision making via our Board Room. More perks in the works.
Investment Thesis
We prioritize smart, systematic, high-growth opportunities bringing the rewards back to token holders.
Purchase Tokens
Directions for buying from most chains here:
https://hivedrip.com/purchase/
Once you have swap.hive, Our tokens can be bought directly from hive-engine or tribaldex and very easy to buy from the LP using Beeswap.
Latest Posts
Follow along for all our latest posts here:
@hivedrip
https://inleo.io/profile/hivedrip/blog
Offical Links
Official Website: https://hivedrip.com/
Whitepaper: https://hivedrip.com/whitepaper/
PeakD: @hivedrip
Buy DRIP coins: https://tribaldex.com/trade/DRIP
Discord Link: https://discord.gg/rMdAAe4jKp
Free Hive Wallet: https://inleo.io/signup?referral=hivedrip or https://hiveonboard.com?ref=hivedrip