DRIP Network - How to Get Started With DRIP Network (beginner's guide)
Join DRIP: https://mmwm.dev/join-drip
Use my Buddy ID when joining: 0xC45B2dF781c1d011532eF5676591226Cd16e16A1
The Ultimate DRIP Guide: https://dripnetworkguide.org/
The DRIP Network allows you to earn 1% in daily returns, up to 365%! If you start with 1 DRIP token today, that 1 token would return over 27,300 DRIP tokens in its lifecycle!
Get started with DRIP: https://mmwm.dev/join-drip
Buddy ID to use: 0xC45B2dF781c1d011532eF5676591226Cd16e16A1
What is the DRIP Network?
The DRIP network is a decentralized peer-to-peer exchange that exclusively uses Binance Chain for its transactions. It provides an easy way to invest in small coins by distributing the capital among other investors. It's secure and gives you full control over your own wallet keys. This video will teach you how to get started with this decentralized exchange, deposit your BNB (Binance tokens), show you how the platform works and give some general information about the network itself.
To start, you’ll need MetaMask or a WalletConnect wallet.
MetaMask: https://metamask.io, OR
WalletConnect Wallet: https://mmwm.dev/walletconnect
So I don’t keep repeating myself, here’s what you need to remember:
BNB on Binance Chain (BEP-2)= BNB.
BNB on Binance Smart Chain (BEP-20)= BNB_smart.
HOW TO GET STARTED WITH DRIP
Here's what I did to get started using the DRIP network. You don't have to do exactly the same but find something that works for you!
Get started with DRIP and collect 1% daily returns: https://mmwm.dev/join-drip
Use my Buddy ID to join: 0xC45B2dF781c1d011532eF5676591226Cd16e16A1
If you can only buy 1 DRIP token today, you don't need 5 wallets (first step below).
1. I created 5 MetaMask wallets and named them:
DRIP 1 — Parent
DRIP 2
DRIP 3
DRIP 4
DRIP 5
For each wallet, I wrote down the private keys in my Stonebook (use code MICHAEL for 20% off): https://mmwm.dev/stonebook
2. I bought around $1,000 worth of BNB on Binance.us: https://mmwm.dev/binance
3. I downloaded and opened the Trust Wallet app (https://mmwm.dev/trustwallet) and sent a small test amount of BNB from my Binance account to Trust Wallet account. With a successful deposit, I sent the remaining BNB to Trust Wallet.
4. Inside Trust Wallet, I swapped the remaining BNB for BNB_smart. It’s a simple conversion using the swap button. Note: make sure to keep around $4 of BNB to cover all swap fees.
5. I sent a small test amount of my new BNB_smart to my MetaMask DRIP 1 — Parent wallet address. It was a success so I sent the remaining BNB_smart to my Parent wallet.
6. Next, it was time to divvy up the BNB_smart tokens into my child wallets. After doing some quick calculations, I sent around 0.41 BNB_smart to each child wallet. The 0.41 in each MetaMask child wallet would be enough to purchase 1 DRIP token each (which is the minimum required by DRIP), while keeping around $50 in BNB_smart to cover hydrate/claim fees.
7. On the DRIP website, I connected my MetaMask account (and used my DRIP 1 — Parent wallet) and entered my Buddy’s ID on the Faucet page: 0xC45B2dF781c1d011532eF5676591226Cd16e16A1
8. Now for the fun part! Still being connected via MetaMask, I went to the Swap/Fountain page to buy 1 DRIP token. I entered in that I wanted to use 0.13 BNB_smart to buy 1 DRIP token. I clicked Buy and waited a few seconds for the site to process the transaction. In that Transaction there were 2 fees: $0.14 to allow DRIP to make the transaction and around $0.83 to cover the actual Transaction. Note: I completed these same steps for all children wallets.
9. Now having some DRIP in my Parent wallet, I went back to the Faucet page to deposit the 1 purchased DRIP. And that’s it! Simple, huh? 😂
HELPFUL RESOURCES
1. DRIP website: https://mmwm.dev/join-drip
2. My DRIP Guide: https://blog.cryptostars.is/drip-netw...
3. Adding the Binance Smart Chain network to MetaMask:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
4. DRIP Calculator video: • 1 tier Drip Calculator tour
5. DRIP Calculator (google sheets): https://mmwm.dev/drip-calculator
Get started with DRIP and collect 1% daily returns: https://mmwm.dev/join-drip
Use my Buddy ID to join: 0xC45B2dF781c1d011532eF5676591226Cd16e16A1
#drip #dripnetwork #passiveincome
Disclaimer:
Links in the description are typically affiliate links that let you help support the channel at no extra cost. I’m not a financial advisor. You should always do your own research and make your own financial decisions. This video is for entertainment purposes only.