
Drip Network (DRIP) was the first ever deflationary daily return-on-investment (ROI) platform. It was, and still is, the most innovative DeFI (decentralised finance) platform in the world. Drip offers investors a daily return of 1% and up to 365% of the principal amount.
The platform's revenue is sourced from 10% tax on referrals, sells and exchanges. Drips selling point is the stability of returns, not price. Although 1% daily returns are amazing. They’re rather pointless when the price drops 2%+ per day.
Anyway. Moving on.
Furio has a similar design to Drip. Instead of earning 1% daily, it earns up to 2.5% daily and it has an Anti-Dump Mechanics. Instead of 365% returns on your principle, Furio pay 360%. Still not bad.
On one hand, Drip has a powerful community, while on the other Furio had a solid platform with its anti-dump mechanics. Furio was looking like a winner.
It had great token prices with loads of utilities in the works. Ranging from FurBet, FurFi (Furio finance), the Trading bot. The devs would combine these utilities with the LMS model which stabilised the price. These things looked great on paper.
Then the devs cut the price from its $8 range to $5. Then from $5 to $1. A grave error. This is a cardinal sin. People should not be able to just change the price of their tokens. Regardless of the views of longevity.
Repeating the sin has left current investors hopeless whilst simultaneously losing any new investors who were researching the platform. Investors, old and new are now sceptical of entering a platform that changes its token price as they please.
This was the case before the contract was immutable. Now it’s immutable, meaning they can’t tamper with the price. But the LMS system has been removed. Meaning there’s no more price stability. Since the removal the price has nose dived. Dropping from $0.90 to $0.70 overnight. The price is now hovering above. And the decline continues at a much faster rate than drip.
Drip, on the other hand, has been steadily declining over a year. With broken promises of utilities and an unsustainable payout model, the price is deflating almost every day.
That is a token that slowly gets removed from circulation to pump the price. Not a token that gets minted in the thousands causing massive over inflation.
The promise of a new UI, lending, games and so on have been forever delayed. There was meant to be a new UI last year. Along with a bunch of utilities coming to the platform in January. As we near the end of the month little has changed. Except the price.
Unlike the devs of Furio disappointing investors with surprise price cuts. Forex has kept investors hopeful with constant AMA’s and drip feeding hopeful comments in the telegram group. He‘s constantly having bullish developments and hundreds of meetings that never materialise into anything tangible. Let alone anything that will pump the price to anything worth while.
The cracks are beginning to show and the project is sinking.
This constant string of broken promises has left most rational people looking elsewhere. The shillers have already received their payouts so they’re happy to continue shilling or pushing the buy and burn challenge.
I’ll give the community their props. They’re really trying to sustain this project by buying drip and sending it to the tax vault. I even momentarily thought this was going to work. Burning drip could stop drip being minted and sustain the project until these utilities came. It was quite amazing to view this actually. Together the community sent around 400k drip to be burned. Nothing was minted for 10 days.
An incredible feat of people coming together to help support a project
I’ve seen nothing quite like it. The community really banded together to save drip. It could have worked.
But then the legs fell off.
Forex failed to deliver again and people buckled as the price failed to stabilise and chaos ensued. The vault got rapidly drained and drip started being minted once again.
Which is a shame.
People are still to this day burning their drip. Which is now akin to burning the money in your wallet.
For me. The belief in Forex and Furio was momentary. Now I have lost trust in them both. I am however, locked into both projects. So I can either cash out at a massive lost. Or keep on compounding.
So let’s answer the question of which one will fail first?
If I’m staying in a dreamland, I’d wish for neither to fail.
But if I’m being realistic, it looks like Furio is going to be the first to fail. It’s token price is falling like a rock and investors have zero confidence in the project. After the LMS system got stripped and the price no longer had stability and people looked for their exit.
Drip is doing slightly better. It’s token price is also falling almost every day. But with the community coming together to help support it, there is still a glimmer of hope. The buy and burn challenge may be the projects saving grace. Not the dev.
If Forex follows through and releases something by the end of the month there may be some upward price movement. If not, it’ll be another broken promise. Giving new investors less incentive to invest.
In the end, I think both platforms will fail. It’s just a matter of which one will fail first. As with all new innovations, the initial projects fail, making way for new and improved systems.
DeFi does have a future. I just don’t think drip or furio exist there.
So summarising, both Drip Network (DRIP) and Furio are in a race to the bottom. With both projects repeatedly disappointing their investors and the price not meeting expectations, it’s difficult to say which one will fail first.
In many respects, it’s a win-win for neither. And lose-lose for all investors.
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