Source
So in my post last week on 
Anyway at first I was a little wary as each DRIP was 55 smackerooneys. But I chanced a couple and sourced this nice excel sheet. After a couple of weeks , the returns matched my excel sheet every day so I decided I was going to have a go and I invested an extra 800 euro which has my daily DRIP now up to around $12 per day. This was 2 weeks ago and my compounded DRIP has gone up to around $1195 with the daily compounding. Not only that but the price of DRIP has increased from $55 to $72 with the introduction of their liquidity pool called Manor Farm. Check my daily return underneath just before I compounded.
I compound at exactly 1% per day.
Source
So I am currently making about $12 dollars per day which amounts to $84 per week off a €1000 investment with is nice. By the end of January this will increase to $98 per week and by end of April my compounded DRIP will be giving me €172 per week. Now with the markets in turmoil you would think that DRIP would tank as well but it is holding its price. If DRIP only holds its price and I believe it will, then by the end of June I would be earning a $50 dollar per day in interest.
So say DRIP holds its own which I do not believe. I'm thinking 300 quid at least by end of year. But hypothetically speaking if the price remains at current market prices and I compound until 17th January 2023. This day next year.
Il take a screenshot of my excel sheet.
Not bad at current market prices.
If the coin increases it will be worth a whole lot more than this. So this is why the price has increased over the last few weeks as news on $DRIP is getting out.
So I am excited by it and I am glad I am in early to this one. It's a bit like Bitcoin. If you are in early , your DRIP accumalates and by the time the rest of the party join then you will have so much DRIP compounded , it will become unaffordable for a normally like myself. It's a genius idea really. I have set out the dates I will take profits in the platform so that my investment is paid for completely and then whatever I earn after this is pure profits. I will compound until 27th August. On this date i look set to earn $100 per day. I will withdraw for 7 days so my investment is covered and I have zero risk from there. I will just keep compounding and see where it gets me.
Now it's not all rainbows and sunshine. Everytime you compound there is a BNB fee so you have to make sure your daily interest is covering your fees. At the moment you need to invest around 3 DRIP to be earning more than the compound fee. Every day this starts to become less and less. Also the is a 10% tax on the interest earned. This tax pays for the daily payouts. DRIP have a whale tax also which I quite like because it prevents dumping of DRIP. I will review my stance when I too am a whale. So these are the pitfalls.
DRIP is still invitation only. If you fancy taking a look you can use my referral ID here
