On its website, Drip Network gives no verified information regarding who owns or operates the firm.
On March 22nd, 2021, Drip Network’s website domain (“drip. community”) was privately registered.
The registration was most recently updated on December 28th, which corresponds to an increase in Drip Network website traffic in December 2021.
Drip Network’s website assigns firm ownership to the aliases “Forex Shark” and “BB,” yet it doesn’t give any verified information.
These are the accounts “Forex Sh4rk” and “BBbest123” on Telegram, respectively.
Forex Shark, the creator of the Drip Network and Animal Farm, was interviewed by the YouTube channel “Crypto Atlas” a few hours ago.
A picture of a Forex Shark is used to represent it. He does, however, speak with a North American lilt.
The official whitepaper of Drip Network discloses that one of the admins behind it goes by the name “Mark.”
According to Alexa, the primary sources of traffic to Drip Network’s website are the United States (41%), Australia (7%), and Canada (4%). (5 percent ).
As always, if an MLM firm isn’t transparent about who runs or controls it, consider twice before joining and/or turning over any money.
The Products of Drip Network
Drip Network does not sell any items or services to the general public.
Drip Network affiliate membership is the sole product that affiliates may promote.
Compensation Plan for Drip Network
Affiliates of the Drip Network invest cryptocurrency in BR34P tokens.
BR34P tokens can be converted to DRIP tokens after being purchased via Drip Network.
DRIP tokens are purchased and parked with Drip Network, which promises a daily return of 1%.
If you invest and the person who referred you has recruited five or more affiliate investors, you will get a 2.5 percent incentive.
Returns on the Drip Network are restricted at 365 percent, after which you must reinvest to keep earning.
The current internal BR34P or DRIP token values are not published by Drip Network.
Drip Network’s MLM side compensates for affiliate investor recruiting.
Commissions for Referrals
Drip Network has a one-level incentive system for referral commissions.
An affiliate is put at the head of a uni-level team, with every individually recruited affiliate placed right behind them (level 1):
Level 1 affiliates who recruit new affiliates are assigned to the original affiliate’s unilevel team’s level 2.
If any level 2 affiliates recruit new affiliates, they are promoted to level 3, and so on, up to a theoretical limit of an unlimited number of levels.
The number of paying uni-level team levels on Drip Network is capped at fifteen.
Referral commissions are handed out at each of these fifteen tiers based on the following qualifications:
to have and keep Level 1 commissions are unlocked with 2 BR34P tokens in your linked wallet (personally recruited affiliates)
to have and keep 3 BR34P tokens in your attached wallet = unlock commissions on level 2; 5 BR34P tokens in your attached wallet = unlock commissions on level 3; 3 BR34P tokens in your attached wallet = unlock commissions on level 4; 3 BR34P tokens in your attached wallet = unlock commissions on level 5; 3 BR34P tokens in your attached wallet = unlock commissions Level 4 commissions are unlocked when you have 8 BR34P tokens in your linked wallet.
to have and keep Have and keep 13 BR34P tokens in your connected wallet to unlock commissions on level 5. Have and keep 21 BR34P tokens in your connected wallet to unlock commissions on level 6. Level 7 commissions are unlocked when you have 34 BR34P tokens in your connected wallet.
to have and keep Have and keep 55 BR34P tokens in your connected wallet to unlock commissions on level 8. Have and retain 89 BR34P tokens in your connected wallet = unlock commissions on level 9 Have and retain 144 BR34P tokens in your connected wallet = unlock commissions on level 10 377 BR34P tokens in your attached wallet = unlock commissions on level 12 have and maintain 233 BR34P tokens in your attached wallet = unlock commissions on level 11 have and maintain 233 BR34P tokens in your attached wallet = unlock commissions on level 11 have and maintain Have and keep 610 BR34P tokens in your associated wallet = unlock level 13 commissions have and maintain 987 BR34P tokens in your attached wallet = unlock level 14 commissions have and maintain 1597 BR34P tokens in your attached wallet = unlock level 15 commissions
Referral commissions of 10% are given out according to Drip Network’s incentive structure.
It’s unclear if this is 10% per level or 10% overall ten levels.
Penalties for Withdrawal
If a Drip Network affiliate attempts to withdraw 1% to 10% of their invested money balance, they will be penalized as follows:
withdraw 1% of the invested fund pool equals a 5% fee withdrawal 2% of the invested fund pool equals a 10% fee withdrawal 3% of the invested fund pool equals a 15% charge withdrawal. 4% of the invested fund pool equals a 20% charge withdrawal. 5% of the invested fund pool equals a 25% charge withdrawal. 6% of the invested fund pool equals a 30% fee withdrawal. 7% of the invested money pool is a 35% fee withdrawal. 8% of the invested money pool is a 40% fee withdrawal. 9% of the invested fund pool is a 45 percent charge withdrawal. 10% of the invested fund pool equals a 50% charge.
The money gathered is supposed to go back into Drip Network.
Joining the Drip Network is simple.
Affiliate membership in the Drip Network looks to be free.
Investing in and maintaining BR34P tokens is required to fully participate in the linked income potential.
Conclusion of the Drip Network
The BR34P shittoken was released on the Binance network in February 2021.
DRIP was released two months later:
The Drip Network is a closed-loop Ponzi scheme that was designed to benefit Forex Shark”, “BB”, and other early scammers who came in before you.
DRIP is just a BEP-20 shittoken connected to another BEP-20 shittoken.
The Drip Network is a Ponzi scam in which you deposit other BEP-20 crap tokens.
Welcome to the MLM cryptocurrency quagmire.
The arithmetic that underpins all Ponzi schemes lies underneath the crypto bro lingo. You can’t take out more money than you put in.
Drip Network is particularly malicious because of the following:
If the tax pool is insufficient to pay drip incentives, additional DRIPs will be issued to ensure that awards are paid.
In the case that the Drip Network fails, fresh DRIP tokens are generated out of thin air to give the appearance of stability.
You can’t manufacture withdrawal capital out of thin air on the backend. So all you’re doing is persuading knuckleheads that they still have a chance when they can’t truly withdraw.
Drip Network is already on the verge of collapsing, as evidenced by a second Ponzi launch.
Animal Farm was introduced earlier this week. “The Manor” and “Manor Farm” are other names for Animal Farm.
Whatever you name it, Animal Farm is a Ponzi scheme based on “yield farming.”
REV token has taken the role of DRIP token. And, of course, the Ponzi is based on George Orwell’s classic Animal Farm.
It starts like other farms, but the animals are planning an uprising to reclaim what is rightly theirs.
By cultivating, purchasing, and staking the L1 native farm token, you may help prepare for the revolution (REV).
When I claimed this material is for morons, I wasn’t joking.
A two-layer Ponzi scam is depicted in Animal Farm. I haven’t wasted any time on it because it isn’t MLM.
Drip Network and Animal Farm, like other shittoken Ponzi scams, will be unable to honor withdrawal requests if affiliate recruiting dries up.
This will cause the market to crash, leaving the bulk of investors with worthless garbage tokens.