I Don’t have much Money, Can I still Participate in DRIP?
Tags: Cryptocurrency Investment, Cryptocurrency, Passive Investing, Passive Income, Crypto

DRIP: Start with a little, end up with a lot.

Big things have small beginnings

Currently, it takes $440 to participate in DRIP. ($44/DRIP * 10 DRIP).

[NOTE: The minimum has been reduced to 1 DRIP]

This is not chump change, this is a significant amount of money for some people! There has been indications that the minimum amount of DRIP will drop to 1, but nothing official has been communicated.

But, would it be possible to make a much larger sum of money from a small pile of cash?

Indeed, the answer is ‘Yes.’

Oui, bien sûr!

Let’s assume you bought the minimum 10 DRIP crypto when the price of DRIP was “only” $20. We’ll keep the fees off to keep things more simple.

10 DRIP, $20/DRIP = $200 USD equivalent.

Plug that figure into the Daily Compound Calculator with the following entries:

Principal Amount : $10 (“$” Dollars will be used as a proxy for number of tokens)

: $10 (“$” Dollars will be used as a proxy for number of tokens) Interest Rate : 1%

: 1% 365 Days

Daily Reinvest Rate: Leave at the default 100%

Hit “Calculate”:

The Result?

Doesn’t seem like much, right? But this doesn’t represent dollars per se, it represents the number of tokens (377.83), and the July 15th, 2021 price is around $44, making the real USD equivalent $16,624.52.

That’s if you Hydrated/compounded every day for the next 365 days:

On Day 2 you multiply your initial stake of 10 tokens by 1%, making it 10.1 .

you multiply your initial stake of 10 tokens by 1%, making it . On Day 3 , recompound the 10.1 tokens into 10.201 .

, recompound the 10.1 tokens into . Repeat up to 365 Days.

That’s how you arrive at 367.83 DRIP Tokens.

But the price of DRIP at $20 was 5 days ago

The DRIP price is now $44, and rising. The price increased 120% in 5 days. Annualized, that’s 8,760% return in one year. That would make the price of DRIP $1,752.00

Your measly end of year 377.83 DRIP tokens are now worth $661,958.16.

That’s ridiculous!

Is it? Let’s look at the past year’s results of a similar CD-like crypto project HEX:

4,433%

But, that’s not 8,760%.

Well, it’s not nuthin’ either!

And HEX achieved that price despite every podcasting-thought-leader-bitcoin-maxi on the planet castigating the project as the biggest ponzi-scam scheme outside of BitConnect:

Can’t buy that kind of derision

But HEX weathered all the criticism and achieved its 4,433% return in spite of the massive crypto army arrayed against it.

Again, this lovely video:

“Go ahead! Bring your heroes here to die!”

Today, investors have realized that having a CD-like financial instrument using crypto is a viable model.

Just look at the headlines now:

~from Market Realist, June 22, 2021

“According to WalletInvestor, Hex will reach $0.20 a year from now and $0.68 in five years. WalletInvestor’s five-year Hex price outlook suggests an upside of more than 700 percent.” ~from Market Realist

Well, I just checked, and in the time it took to make tea the price rose from $0.08 to $0.16:

A 28.50% gained just today. At this rate they will cross that prediction in the next 24 hours.

The $0.20 HEX price prediction in a year’s time is exceedingly low. The article above was published on June 22nd, 2021 less than a month ago.

Major sandbagging going on.

How about DRIP?

Some Scam accusations, but nothing like the ones HEX faced. And DRIP has better tokenomics in my opinion, with the lowest percentage return being 365%.

The maximum return for one year, if Hydrating/compounding once per day, is 3,678.3%, which doesn’t include the price action.

Compare with HEX:

“Users can enjoy interest payments ranging from 3.69% (if 99% of the total supply is locked) up to an incredible and massive payout of 369%” ~https://crypto-explained.com/services/what-is-hex-cryptocurrency/

DRIP = HEX times 10.

Make your comparisons, but at the end of the day DRIP is starting on better footing, and the price rise reflects that. I bought DRIP at $5.83 on July 1st, 2021. Half a month later on July 15th, 2021, DRIP is now over $44.

Do the math.

Come to a conclusion.

Are you going to let the biggest thing since sliced Satoshi’s pass you by?