- Name: Drip Token
- Symbol: $DRIP
- Blockchain: Binance Smartchain
- Total Supply: 100,000,000
- Decimals: 18
- License: MIT
- DOS (LLC) ID: 6606204
$DRIP Token is a decentralized cryptocurrency built on the Binance Smartchain blockchain. While liquidity will be locked and community fueling its prosperity, it offers holders the opportunity to participate in a unique reward system, in addition to benefiting from its utility and potential price appreciation.
$DRIP Token presents a unique investment opportunity through its tokenomics and reward mechanism. By implementing a burn rate, liquidity provision, and a reward system based on holding amount, $DRIP Token aims to differentiate itself from traditional PoS mechanisms and provide a secure and rewarding experience for its holders. The project strives to comply with relevant regulations and foster a decentralized community that actively participates in the governance and development of the ecosystem.
A liquidity rate of 8% is applied to each transaction. This rate ensures that a portion of each transaction is automatically added to the liquidity pool, enhancing overall market liquidity and stability.
$DRIP Token enables secure and efficient peer-to-peer transfers. Holders can send tokens to other addresses using the transfer function, subject to the available balance and specified transaction requirements.
$DRIP Token utilizes the Binance blockchain, which benefits from the robust security and decentralization of the Binance Smartchain network. The consensus algorithm employed by Binance, currently transitioning from Proof of Work (PoW) to Proof of Stake (PoS), ensures the integrity and immutability of transactions.
With each transfer, 3% of the transaction amount is burned, reducing the total supply of $DRIP Tokens. This burn rate ensures a gradual reduction in token supply, increasing scarcity, and potentially driving token value appreciation.
$DRIP Token implements a unique holders reward mechanism. This approach aims to provide additional benefits to token holders based on their holdings and the duration of their ownership.
Reward Amount = (Token Balance * Reward Rate * Reward Periods) / 100
The Reward Periods represent the number of completed reward intervals since the last reward distribution. The reward amount is then added to the holder’s reward balance.