After a short introduction it is time for a proper guide on how to get started with crypto and specifically how to earn 1% a day with the Drip network. Let´s go!
This guide will assume you have no prior experience with crypto and goes through all the steps necessary to get you going. If you are a little more experienced feel free to skip ahead.
Requirements:- A wallet to hold you crypto coins- Binance Coin (BNB) on the binance smart chain- A computer with a browser or mobile with a mobile compatible wallet
Don’t worry, we’ll go through all these step by step.
Get a wallet to hold you crypto- On your pc or mac one of most well known and easiest to use is MetaMask — compatible with Chrome, Firefox, Brave and Edge. Only use the official site metamask.io to download and install in your preferred browser. Here is a good Youtube tutorial on how to install MetaMask. After installing the MetaMask extension to your browser you’ll need to add the binance smart chain network to it. Binance has a pretty good tutorial on this, so no need to make this longer than needed here. Binance tutorial. Be sure to add the mainnet to your wallet. It should look something like this when done:
On your phone you you can install MetaMask from the respective Appstore and add the binance smart chain the same way.
Aquire Binance Coin (BNB)There are several centralized exchanges that offer the possibility to buy BNB either through credit-/debitcard or wire transfer. Binance.us/.com, Crypto.com, Kucoin.com or FTX.com to name a few.Here are a few really helpful tutorials that will guide you through the process on your desired exchange.Binance Beginner`s Guide
Register on Kucoin GuideHow to buy on Kucoin
Crypto.com complete guide
FTX.com complete guide
When you have bought your desired amount of BNB you can go to your MetaMask and copy your wallet address. On your exchange go to the withdrawal section, select BNB, enter your copied wallet address and withdraw.
Copy you wallet address from MetaMask
Be sure to select BEP20 or Binance Smart Chain. BEP2 is NOT the correct network.
So now you have installed a crypto wallet, bought some BNB and funded you wallet with BNB. The hard part is already done — now lets get dripping!
Buy & deposit DripThe easiest place to buy Drip is on the drip.community website itself. When you visit the website for the first time your wallets needs to be connected.
If you are on a mobile device and use the MetaMask app, be sure to use the integrated browser inside MetaMask to go to the Drip website.
On the top right click “Connect Wallet” and select MetaMask from the popup. Go to the Drip fountain — you’ll be able to see the current price in the BNB/Drip exchange on the left (70,38 USDT/Drip in this case), it will also show your current BNB and Drip balances.
On the left you’ll see the option to buy drip, enter the amount of BNB you would like to spend — remember to keep some BNB in your wallet since it is needed as fuel for your transactions (compounding & claiming) later on. After you have entered the desired amount of BNB to spend hit buy, a popup from MetaMask will appear asking you to approve the transaction.
Well done, you have bought your first Drip! Now we need to put it into the faucet to start earning.
When you visit the faucet for the first time it will look like this:
You see on the top left, you currently have no deposits, no maximum payout and no available drip to claim.First you’ll need to assign a buddy to your wallet, can’t join Drip without a buddy and joining a team. This will have several advantages including possible airdrops. Please consider entering me as you buddy here.
In the “Get a Buddy” section you can enter an address (here is mine: 0x8A824a624554D7c7C9BA6b42897Ca61FC641Bf2e) — after that you’ll have to hit “update” and assign the buddy to your wallet. Confirm in MetaMask. When the transaction has been confirmed by the blockchain the Buddy section will fill with information.
When that is done go to the top right and enter the amount of Drip you would like to deposit, it’ll show your available amount that you can enter or simply hit max. Push “deposit” and confirm the transaction again in the MetaMask popup.
Wow — you are done for the day! You have deposited your first Drip into the faucet contract and will from now on earn 1% of your deposited Drip.
Whenever you come to the faucet now you can either claim or compound your accumulated Drip. This is the value shown under “Available”. Whenever you hydrate(compound) the available Drip is added to you deposit and you’ll see your deposit AND max payout rise. Also your available next day will be higher since you now earn 1% on your additional deposit as well — the magic of compounding interest!
Of course if you want to reclaim your deposit the fastest way possible you can claim your available amount and sell the Drip for BNB on the swap page.
This is it for the absolute starter guide. I hope you enjoy seeing you deposit grow and hydrate hydrate hydrate as I plan to do.
If you have any questions feel free to hit me up on Telegram and I will gladly help out any way I can.https://t.me/Dave_on_Defi
My buddy address if you want to join the Drip network0x8A824a624554D7c7C9BA6b42897Ca61FC641Bf2e
Drip.communityDrip whitepaper
— — — — — — — —
This article is not intended to constitute investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information. Readers are encouraged to perform their own due diligence and research, or consult a licensed financial advisor before making any and all investment decisions. This content is intended for informational and educational purposes only. Though the author strives for accuracy, the data contained within the article cannot be relied upon. The article may contain affiliate links.
