It is with great regret that DRIP have decided that we have no option but to shut down our project.
The project has been costing us, not just time, but financially, during the past few months. The VPS and dedicated server costs have not been recoverable by us as the DRIP market is illiquid to the extent that even small sales would have dumped price.
However, we continued to work through this in the hope that the evantual bull market, which never materialized, would pull us out of the doldrums.
At the moment, aside from one trader who sold almost 160,000 DRIP at 61 sats during the weekend and is looking to buy back in lower, there is less than 0.05 BTC in total in the buy book. This trader is likely to repeat the trade and dump the market again when any sort of momentum starts building - and the past price action has shown us that there are many others waiting to do the same.
As stated before, we are losing financially as a team and our hard work appears to be doing nothing but offer these dumpers slow rebuilds of a buy book, into which they dump yet again. Unfortunately, the time has come for us to take our lives back as family life becomes an issue when you work as hard as we have been.
The final nail in the coffin came earlier today when we received word from CryptoBridge that we must put a stop to the 1 DRIP 'Retailer Rewards' that formed an integral part of the DRIP product. This alone would come with a cost, both financial and in the form of significant man-hours to redesign the wallet in some way that resolves the CryptoBridge concerns. As most will be aware, the DRIP project has a complete lack of funding and is totally unable to pay the costs associated with CryptoBridge wallet updates. The project had already been on a lifeline and is now completely unviable with these extra costs.
Disgusting ego tripping bullshit.
Not one question about it to the community, guess what! that was planned .. that you arrive here with these demonic non sense baffles me... you laughed while you typed this shit.
Have fun with the stolen money.
