In the past months, last year actually, the DRIP token has seen a persistent decline in its price. Despite the initial excitement and momentum generated by the Animal Farm integration with the DRIP ecosystem, the token has experienced a continuous downward trend. This has led many to question what steps need to be taken in order for the price to stabilize and potentially reverse.
The answer to this question has consistently been that there are numerous updates and new utilities in the pipeline for the DRIP platform, which are expected to have a positive impact on its token price as well. During a recent AMA, the lead developer of DRIP F0r3x_Shark provided insights into some of these upcoming updates and what users can expect from them.
In this article, we will summarize this information as shared in the AMA session (January 6, 2023) and share what is in store for the DRIP ecosystem in the near future.
Upcoming Updates
The DRIP team is thrilled to share the upcoming update to the DRIP ecosystem, which promises to revolutionize the way users interact with the platform. The update goes beyond just a UI update, as it includes several new features and improvements that are aimed at providing a better user experience.
1. Improved Airdropping System
One of the important improvements is the new airdropping system that uses filters to allow for a single transaction to be sent to multiple people who meet the specified conditions. This will make the process much simpler and more efficient for users, allowing them to receive their airdrops without any hassle.
2. New Attractive UI
The update also includes a refreshed and visually appealing UI that takes inspiration from the Animal Farm platform. The updated design will provide a more user-friendly experience, making it easier for users to navigate the platform. To complement this, the update includes a landing page and media page, which will allow users to find articles and videos about the DRIP ecosystem.
3. Analytical Tools
Another exciting addition to the DRIP ecosystem is the inclusion of analytical tools. These tools will provide users with valuable insights and information, enabling them to make more informed decisions and gain a deeper understanding of the ecosystem.
4. Fiat Onramp
The update also brings a fiat onramp to the platform, allowing users to purchase DRIP with fiat currency. But this feature goes beyond just that, as it includes smart contract interoperability with the onramp. This means that users can buy DRIP from the DEX (instead of PCS) and receive benefits such as reduced taxes if they use fresh capital and agree to immediately stake the DRIP. This encourages fresh capital to enter the ecosystem and drives growth.
5. Cross-Chain Interoperability
The update will also include full cross-chain interoperability with all EVM chains, making it possible for users to swap any token from any chain for DRIP, as long as the token has liquidity on the major DEX on that chain. This will bring more liquidity to the ecosystem and make it easier for users to trade and manage their assets.
6. DRIP Game
Finally, the team behind the popular DRIP Garden game is working on a new DRIP game that is set to launch by the end of the month. The new game will provide users with a fun and engaging way to interact with the platform, bringing new utility to the DRIP ecosystem. The DRIP team is excited to bring these new features and improvements to the community and is working hard to launch the update as soon as possible.
Wrapping up
Another AMA is already announced so we might get more recent updates regarding these two projects. For now this is the latest info we have. Sounds promising, so let’s see when we can expect it.
Credits to Irene
For the content of this article I’ll share the credit with Irene who is taking notes of every AMA regarding DRIP and the Animal Farm. Her notes are publicly shared and can be found here.
References
Website:
Wiki
Telegram channel The Animal Farm:
Telegram channel Forex Shark Calls:
Disclaimer
DYOR/NFA
Nothing in this article is to be considered as investment advice. The author or the publication cannot be held responsible for any investments, profits or losses you may incur as a result of this information. The article may contain affiliate links. Always DYOR.
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