Drip Community offers no verifiable details about who owns or runs the corporate on its web site.
Drip Community’s web site area (“drip.neighborhood”), was privately registered on March twenty second, 2021.
The registration was final up to date on December twenty eighth, which correlates with an uptick in Drip Community web site visitors all through December 2021.
Whereas it doesn’t present any verifiable possession info, Drip Community’s web site attributes firm possession to the aliases “Forex_Shark” and “BB”.
These correspond to the Telegram accounts “Forex_Sh4rk” and “BBbest123” respectively.
A number of hours in the past the YouTube channel “Crypto Atlas” uploaded an interview with “Drip Community & Animal Farm Creator Foreign exchange Shark”.
Foreign exchange Shark is represented by a picture. He does nevertheless have a North American accent.
Perusal of Drip Community’s official whitepaper reveals one of many admins behind it goes by “Mark”.
Alexa at the moment ranks high sources of visitors to Drip Community’s web site because the US (41%), Australia (7%) and Canada (5%).
As all the time, if an MLM firm will not be brazenly upfront about who’s operating or owns it, assume lengthy and laborious about becoming a member of and/or handing over any cash.
Drip Community’s Merchandise
Drip Community has no retailable services or products.
Associates are solely capable of market Drip Community affiliate membership itself.
Drip Community’s Compensation Plan
Drip Community associates make investments cryptocurrency into BR34P tokens.
As soon as acquired from Drip Community, BR34P tokens will be transformed to DRIP tokens.
As soon as acquired, DRIP tokens are parked with Drip Community on the promise of a 1% each day ROI.
A 2.5% bonus is paid if an funding is made if the one who recruited you has recruited 5 or extra affiliate traders.
Drip Community returns are capped at 365%, after which new reinvestment is required to proceed incomes.
Drip Community don’t publish the present inner BR34P or DRIP token values.
The MLM facet of Drip Community pays on recruitment of affiliate traders.
Referral Commissions
Drip Community pays referral commissions through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned straight underneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
Drip Community caps payable unilevel group ranges at fifteen.
Referral commissions are paid out throughout these fifteen ranges, topic to the next qualification standards;
- have and preserve 2 BR34P tokens in your connected pockets = unlock commissions on stage 1 (personally recruited associates)
- have and preserve 3 BR34P tokens in your connected pockets = unlock commissions on stage 2
- have and preserve 5 BR34P tokens in your connected pockets = unlock commissions on stage 3
- have and preserve 8 BR34P tokens in your connected pockets = unlock commissions on stage 4
- have and preserve 13 BR34P tokens in your connected pockets = unlock commissions on stage 5
- have and preserve 21 BR34P tokens in your connected pockets = unlock commissions on stage 6
- have and preserve 34 BR34P tokens in your connected pockets = unlock commissions on stage 7
- have and preserve 55 BR34P tokens in your connected pockets = unlock commissions on stage 8
- have and preserve 89 BR34P tokens in your connected pockets = unlock commissions on stage 9
- have and preserve 144 BR34P tokens in your connected pockets = unlock commissions on stage 10
- have and preserve 233 BR34P tokens in your connected pockets = unlock commissions on stage 11
- have and preserve 377 BR34P tokens in your connected pockets = unlock commissions on stage 12
- have and preserve 610 BR34P tokens in your connected pockets = unlock commissions on stage 13
- have and preserve 987 BR34P tokens in your connected pockets = unlock commissions on stage 14
- have and preserve 1597 BR34P tokens in your connected pockets = unlock commissions on stage 15
Drip Community’s compensation plan states that 10% referral commissions are paid out.
Whether or not that is 10% per stage or 10% throughout ten ranges is unclear.
Withdrawal Penalties
If a Drip Community affiliate makes an attempt to withdraw 1% to 10% of the invested funds stability, Drip Community penalizes them as follows:
- withdraw 1% of invested fund pool = 5% charge
- withdraw 2% of invested fund pool = 10% charge
- withdraw 3% of invested fund pool = 15% charge
- withdraw 4% of invested fund pool = 20% charge
- withdraw 5% of invested fund pool = 25% charge
- withdraw 6% of invested fund pool = 30% charge
- withdraw 7% of invested fund pool = 35% charge
- withdraw 8% of invested fund pool = 40% charge
- withdraw 9% of invested fund pool = 45% charge
- withdraw 10% of invested fund pool = 50% charge
Charges collected are purportedly funnelled again into Drip Community.
Becoming a member of Drip Community
Drip Community affiliate membership seems to be free.
Full participation within the connected revenue alternative requires funding in and upkeep of BR34P tokens.
Drip Community Conclusion
Again in February 2021 the BR34P shit token was launched on the binance blockchain.
Two months later DRIP was launched:
Drip Community is a closed-loop Ponzi scheme, created to primarily profit Forex_Shark”, “BB” and the remainder of the early scammers who received in earlier than you.
Basically DRIP is a BEP-20 shit token connected to a second BEP-20 shit token.
Drip Community is a Ponzi scheme you take part in by investing different BEP-20 shit tokens.
Welcome to the MLM crypto cesspool.
Beneath the crypto bro jargon is the maths that governs all Ponzi schemes. You possibly can’t withdraw greater than is invested.
What makes Drip Community notably nefarious is that this:
If there’s a state of affairs the place the tax pool will not be sufficient to pay drip rewards, new DRIP will likely be minted to make sure rewards are paid.
Within the occasion Drip Community is heading to break down, new DRIP tokens are created out of skinny air to create the phantasm of stability.
On the backend you’ll be able to’t create withdrawal capital out of skinny air. So all you’re actually doing is convincing morons they nonetheless have a shot, when in actuality they nonetheless can’t really withdraw.
Indicators Drip Community is heading in the direction of collapse are already current, by the use of a second Ponzi launch.
Earlier this week Animal Farm was introduced. Animal Farm additionally goes by “The Manor” and “Manor Farm”.
No matter what you name it, Animal Farm is identical “yield farming” Ponzi bullshit.
Instead of DRIP token you’ve REV token. And naturally the Ponzi is themed on George Orwell’s Animal Farm novel.
It kicks off like most farms, nevertheless the animals are getting ready to revolt and take possession of what’s rightfully theirs.
Assist put together for the revolution by farming, shopping for and staking the L1 native farm token (REV).
I wasn’t kidding after I stated these things is for morons.
Animal Farm is a two-layer Ponzi scheme. As a result of it not being MLM I haven’t wasted any time on it.
As with all shit token Ponzi schemes, as soon as affiliate recruitment dries up each Drip Community and Animal Farm will likely be unable to honor withdrawal requests.
This may result in a collapse, ensuing within the majority of traders bagholding nugatory shit tokens.