Update

We're way ahead of schedule and have sold out of more than half our second tranche in under a month. There's a little over 14,000 DRIP coins available before the price goes up again to 1.50 Swap.Hive.

What is Hive DRIP coin?

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

Recap

We have raised and invested over $14,000 into the HIVE ecosystem! We have come such a long way in less than a month! DRIP coin launched on July 3rd and our pre-sale sold out in just 5 days! We're nearly halfway through our 2nd tranche! Our daily payout just increased on 08/01 and we
plan for an increase each month.

Our Total Investments

We are just getting started. Currently we're heavily weighted into Splinterlands but we plan to expand into other blockchains as our fund grows. We saw an opportunity to pick up some cheap assets that have already appreciated. We are looking beyond just HIVE to invest into some of the top projects in GameFi for diversification.

Currently we've invested in coins and liquidity pools of several of the top games on Hive. The Other assets include any Swap.Hive/Hive/HBD we have along with any other non-gaming assets.

Breakdown of Splinterlands Assets

We saw an opportunity where sps node LICENSE tokens were around 1650 Hive and picked up 5. They are already trading for around 2000 Hive, meanwhile we're collecting sps/vouchers daily from them. We also staked over 138k in SPS and invested into some of the LP's.

Milestones

• We sold out of our pre-sale in 5 days!
• We started staking rewards 2 weeks early paying out 149% APY over first 365 days.
• We broke through $10,000 in treasury assets!
• A member reaches the 5000 DRIP milestone and claims 500 DRIP bonus.
  

Looking Forward

We plan to continue to invest and grow our assets while rewarding our loyal investors. The daily payouts will not go down. In fact the plan is to raise them each month like we just did for August. Most of our assets will likely stay in the HIVE ecosystem through at least the second and third tranche. We are looking at games on other chains including Polygon as possible investment opportunities. As we build up a track record for consistent payouts while also increasing our asset holdings we will build more confidence and get more investors. However, now is the best time to invest in DRIP Coin, especially with the first year staking reward of 149% APY!

It's been a thrilling ride so far and it has not even been a full month! But, we still have a long ways to go! We will keep chugging along and providing value. It's going to be a great year for DRIP!

Will you be riding on the DRIP train or get left behind?

Daily Payout

That's right, we payout Swap.Hive every single day at 12:30 AM UTC and plan to increase the payout per DRIP coin held each month! We also reward .25% of staked DRIP daily at this time as well.

Staking Rewards

You'll receive exactly .25% of your staked DRIP tokens rewarded daily in liquid DRIP coins. This is a 149% APY. Coins paid out are liquid so you'll need to stake them daily in order to keep compounding your rewards.

Ex. - If you started with 1000 DRIP staked, you'll receive 2.5 coins the first day of staking rewards. If you then restake those coins, you'd earn 2.50625 additional DRIP the next day. If you did this each day for a year without ever purchasing more coins you'd have 2487.71 DRIP coins. Since the Swap.Hive payout is per coin and we plan to increase the payout slightly each month you'd be receiving more than 2.5 times your current Hive payout. The power of compounding is huge so don't forget to restake!

We are only in the second tranche of our sale. We sold 20,000 tokens during pre-sale and now have 30,000 26,000 17000 DRIP tokens left listed at 1.25 Swap.Hive each. Each tranche will increase in price. It's a very good time to get into DRIP. We wanted to reward our early backers the most! Don't miss out!

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 .25% daily in more DRIP tokens. This is a 149% APY the fist year.

1000+ DRIP staked - New role called DRIP Challenger and access to a no cooldown room for S&S game. Auto staking script in the works.

5000+ DRIP staked - 500 Bonus DRIP tokens to first person Completed!, 2nd person gets 250 DRIP tokens, 3rd gets 100.

Investment Thesis

DRIP pays daily rewards in the native token on hive-engine and plans to increase payouts on a monthly basis. We prioritize smart, systematic, high-growth opportunities bringing the rewards back to token holders.

Tokenomics

We are selling tokens in tranches/batches and each tranche increases in price. Tranche 1/Pre-sale was 20,000 tokens and lasted only 5 days. Tranche 2 is only 30,000 tokens at a price of 1.25 Swap.Hive.

Please see the Whitepaper for full details.

Purchase Tokens

Tokens can be bought directly from hive-engine https://tribaldex.com/trade/DRIP or https://hive-engine.com

Latest Posts

Follow along for all the latest posts on PeakD here: @hivedrip

Offical Links

Official Website: https://hivedrip.com/
Whitepaper: https://hivedrip.com/index.php/whitepaper-drip/
PeakD: @hivedrip
Buy DRIP coins: https://tribaldex.com/trade/DRIP
Discord Link: https://discord.gg/BDQavrJY