Scott Debevic
1 min readOct 6, 2021

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You have very astute observations. Keep in mind that if you deposit $1000 and claim and trade your Drip after one year, it will be $2628 based upon a static Drip price (10% tax on deposit, 10% tax on claim, 10% tax on swap back into BNB).

These taxes do add up and have built a nice pool to pay out dividends. However, if the project doesn't grow, the price of Drip will most likely go down due to increased sell pressure.

Interestingly, the price dropped to the $6 range and shot back up to the $25 range after a new yield farm was introduced. The developer for Drip is pretty proactive giving the crypto a use case.

At the end of the day, I do look at it as a lottery ticket. It could provide tremendous returns and upside or it could flop. I am optimistic that more people will embrace it especially considering that I can get a 1% return in a day and I can't get a 1% return for a year through traditional savings accounts.

I appreciate your thought out response. Drip isn't for everyone and it may not be a good investment for you. That's ok. I will share that you can track the number of players involved in Drip on the drip.community website. I have noticed that volume of players has increased dramatically since I invested a few months ago.

We will see what happens. In the meantime, thank you for reading and feel free to engage with any other questions or observations.

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Scott Debevic
Scott Debevic

Written by Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com

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