[ANN][DRIP][POS][MN] Now offering masternode monitoring and hosting services

[drip]

Hi Drip, I'd love to participate but I can't send you a PM, because your setting doesn't allow for messages from newbies. Any chance you could adjust this?

I've responded to your PM. Thank you and good luck!

[drip]

A quick look at our block explorer (http://explorer.dripcoin.tech/) will tell you that we are not just over 6 days into our blockchain. We expect our mining program to last another 3 weeks before we move to a fully proof of stake coin and get listed on CryptoBridge.

The proof of stake returns on mining earnings is still high at approximately 10% per day. This will gradually decrease until it hits approximately 4-5% per year in 17 months time.

[Maverik93]

Few stakes every day! I love this coin! Waiting for CryptoBridge to buy more.

[drip]

Few stakes every day! I love this coin! Waiting for CryptoBridge to buy more.

Thank Maverik93. Yes, rewards are very frequent at this early stage 

[alrose]

As you will see in our block explorer (link: http://explorer.dripcoin.tech/), we are now approaching 5 days into our new coin (it's a 60 second blocktime).

As you continue to mine to our LUX and RVN addresses, we are now 30% funded for our first exchange listing (CryptoBridge). Thanks to all for supporting the project.

The block rewards increase significantly after 30 days so there's still loads of time to earn DRIP so that you have a good base of coins with which you are staking before the increase in block rewards.

DRIP is not directly mineable as this offers no advantage to us as a coin and doesn't provide us with the funding we now need due to our refusal to sell masternodes and/or coins.

Instead, you miners need to mine LUX or RVN to an address owned by DRIP and, instead of the LUX or RVN, you would receive DRIP.

You need to:

Download the DRIP wallet here: https://github.com/DRIP-Project/DRIP/releases/tag/v1.0.2.1;
Generate a DRIP address;
Private message us your DRIP address requesting a DRIP-owned LUX or RVN address;
We will provide you a LUX or RVN address that we've linked to your DRIP address;
Mine to that address via a pool of your choice;

DRIP would then receive the LUX and RVN and sell it to fund exchange listings. We would send you DRIP for your mined coins at a rate of 1.7 RVN = 1 DRIP or 0.01 LUX = 1 DRIP.

You can contact us privately either here or on Discord.

These are very good conditions for miners, I think that it will be interesting for the project participants, that the price will grow in the near future on a token and people will be able to get a good profit on the exchange

[drip]

As you will see in our block explorer (link: http://explorer.dripcoin.tech/), we are now approaching 5 days into our new coin (it's a 60 second blocktime).

As you continue to mine to our LUX and RVN addresses, we are now 30% funded for our first exchange listing (CryptoBridge). Thanks to all for supporting the project.

The block rewards increase significantly after 30 days so there's still loads of time to earn DRIP so that you have a good base of coins with which you are staking before the increase in block rewards.

DRIP is not directly mineable as this offers no advantage to us as a coin and doesn't provide us with the funding we now need due to our refusal to sell masternodes and/or coins.

Instead, you miners need to mine LUX or RVN to an address owned by DRIP and, instead of the LUX or RVN, you would receive DRIP.

You need to:

Download the DRIP wallet here: https://github.com/DRIP-Project/DRIP/releases/tag/v1.0.2.1;
Generate a DRIP address;
Private message us your DRIP address requesting a DRIP-owned LUX or RVN address;
We will provide you a LUX or RVN address that we've linked to your DRIP address;
Mine to that address via a pool of your choice;

DRIP would then receive the LUX and RVN and sell it to fund exchange listings. We would send you DRIP for your mined coins at a rate of 1.7 RVN = 1 DRIP or 0.01 LUX = 1 DRIP.

You can contact us privately either here or on Discord.

These are very good conditions for miners, I think that it will be interesting for the project participants, that the price will grow in the near future on a token and people will be able to get a good profit on the exchange

Thanks alrose. I believe our miners will do very well indeed. The mining program only lasts a month and will end before the block rewards increase significantly. Anyone mining during this month will be getting in early on a project for which we have very high expectations in the future.

[Lindsburke]

DRIP sounds like an amazing concept, especially for the user.

[bsizzle]

If I hover on the bottom right corner icon, it says Staking is not active. Is there anything we need to do to enable staking other than just keeping the wallet open?

[drip]

If I hover on the bottom right corner icon, it says Staking is not active. Is there anything we need to do to enable staking other than just keeping the wallet open?

Is staking active yet? I believe you got your first DRIP payment earlier today. For staking, coins need 51 confirmations before staking becomes active - and, with 60 second block times, this takes 51 minutes.

[bsizzle]

If I hover on the bottom right corner icon, it says Staking is not active. Is there anything we need to do to enable staking other than just keeping the wallet open?

Is staking active yet? I believe you got your first DRIP payment earlier today. For staking, coins need 51 confirmations before staking becomes active - and, with 60 second block times, this takes 51 minutes.

Ah yep! It's active now. Thanks for the heads up!

[drip]

Hi,

Our OSX wallet is available for download at: http://192.64.116.113/DRIP.dmg

[drip]

Our blockchain has now been online for just over a week and things are running very smoothly - with our miners receiving frequent rewards. It's not too late to join us as there is still 23 days left in our mining program before we switch to pure PoS.

Our first exchange listing should be in approximately 3 weeks time.

[drip]

Some Estimated Figures for Block 43,200 (23 days from now):

Outstanding coins at block 43,200: 290,000 + 240 + 473,880 = 764,120

Block Reward After 43,200: 151 coins - 150 of which is split between masternode and staker

Expected coins locked to masternodes: 317,109.8 (41.5%) - possibly lower but should reach this within a week or two

Expected masternode reward per block: 75 coins
Expected masternode reward per day: 108,000 coins

That's an estimated 34% daily return for masternodes on day 1. This will obviously drop rapidly to a more sustainable level.

[starblocks]

What exchange are you planning to list this on besides Crypto Bridge and will the fund raiser be enough for both listings?

[drip]

What exchange are you planning to list this on besides Crypto Bridge and will the fund raiser be enough for both listings?

The primary exchange to be listed on next month will be CryptoBridge. The next priority for the funds raised via mining will be listings on masternodes.online and masternodes.pro.

When the above is complete, we are going to set our sights on a single backup exchange. The intention here is to spend less than what CryptoBridge, our primary exchange, cost for listing - as it's really only a backup to allow coinholders to trade on occasions outside the control of the DRIP team where CryptoBridge may be down.

We had looked at stocks.exchange for this (costing 0.5 BTC to list) - but some of our community expressed a concern about rumours that they set up masternodes with held funds. We'll research this further and will get input from the community - it may not be of much concern considering how little coins we'd expect to be held within our backup exchange, or any exchange, considering our Proof of Stakes rewards available by holding outside exchange.

At current rates, and with 23 days mining to go, we expect funding via mining to raise the CryptoBridge fee, both masternodes listings website fees and a portion of the secondary listing fee. We're looking at a number of options for funding the remainder of the secondary listing fee (if needed) and more detail will be released in due course.

Our roadmap will have us looking at larger exchanges - but the above is the short-term goal. The larger exchange listing will begin with Cryptopia, or similar, and we expect to have a proposal in place for this during Q4 2018.

[drip]

All payouts for today where completed at block 11135 via the following transaction:

http://explorer.dripcoin.tech/tx/6eb4784802afe8501fd22e943dded1300397e73072f9fa96c4df7168c2fcf92c

Thanks all and good luck with your mining.

[drip]

Outstanding PM's have been responded to and there are currently no outstanding requests for RVN/LUX addresses.

If you'd like an address, please PM us here or on Discord.

[drip]

We are now a bit over 8 days into the 30 days during which our blockchain is running and miners can mine RVN/DRIP to our addresses in order to earn DRIP rewards.

The DRIP staking rewards received by miners after receiving their DRIP now stands at approximately 6.8% per day. Rewards will increase in 22 days time.

[drip]

All payouts for today where completed at block 12526 via the following transaction:

http://explorer.dripcoin.tech/tx/2562bae119e3d5713d12d6449a1dbdfa6e25bb29e39ebb81d880a462b046be78

Thanks all and good luck with your mining.

[drip]

I've responded to all requests for RVN and LUX mining addresses. Thank you.