Drip coin referral and buddy system
Drip also has a referral system; I won’t be getting too much into the referral system. But to deposit your drip tokens into the faucet contract, you must have a buddy; it is just another wallet address for somebody who has already deposited drip tokens into the faucet. In the referral system, you have an upline and downline, so people that invited you to participate on the drip network are your upline, and your downline can go down to 15 levels. It’s not multi-level marketing because you do not need any referrals. You do not have to recruit other people. Your drip token income depends completely on the smart contract.
Benefits of having referrals
If you do have friends that you want to bring into the drip, you can do that. You can give them your address, they can sign up under you, and you will earn rewards based on their deposits. And if you have at least five direct referrals under your wallet, that wallet becomes a team wallet. And there are some extra rewards that the team wallet gets.
Consider to join under my buddy id
Which wallet is best for the exchange of Drip tokens?
The point is you need to have a wallet. Most people, including myself, prefer the Metamask wallet. You can use other wallets. I’ve seen them having many difficulties using the drip network, using different pages, and interacting with smart contracts. So I would recommend using the Metamask wallet, get some Bnb tokens on the binance smart chain, and send to your Metamask wallet.
Working and usage of Metamask
The Metamask wallet is a browser extension. So it works with Chrome. You can click a button and connect your wallet to whatever web page you are looking at. And that’s how you interact with the drip network.
Staking and hydrating of the drip token
Sometimes people have a hard time understanding how this entire drip system works. So first of all, just some key points to remember, when you stake drip tokens, you pay a 10% tax whenever you deposit. When you claim out your available tokens in your staking contract, you will pay a 10% tax on those as well. So if you built up to ten drip tokens in your available balance, and you wanted to claim those, you’re only going to get nine. Now, compounding is called hydrate, which only has a 5% tax.
Benefits of hydrating the drip coin
So it’s your choice; you can claim your available drip; you’ll pay a 10% tax, or you can hydrate it; you’ll only pay a 5% tax in the drip network that means compound. So when you hydrate, you’re just compounding your interest.
The best thing in the Drip token community
You have 100 available, and you’re gonna pay a 10% tax, which means you’re going to end up with 90 dripped tokens. That’s the nice thing about this. That’s the name of the game with crypto. It’s you and the blockchain. In this case, it’s you and the smart contract that is sitting on the blockchain.