This is why $BR34P Could Seriously Pump!

In the past months, actually all of last year, we have seen the crypto market taking a big big hit. One coin suffering more than another. But I think is reasonable to say that the biggest majority of all coins and tokens realized a loss over 2022.

The DRIP ecosystem not being an exception to this unfortunately. In fact, it got hit really hard after it’s strong move of 2021 leading into 2022. As a result of the high interest in the DRIP ecosystem at the end of 2021, it’s secondary token $BR34P also showed a huge price appreciation.

However, its price tumbled like the rest of the market and made a low (as it now seems) at the end of 2022.

Now in the last weeks we have seen it bottoming and now moving up again. Of course, the entire market is bouncing from lows but for $BR34P in particular there are some relevant fundamental reasons why it could appreciate further.

In this article we will have a look at the price chart of the token at first and after that discuss the reasons why $BR34P could see a strong upward impulse.

BR34P’s role within the DRIP ecosystem

First let’s talk about the function of this particular token in relation to DRIP. As explained in the DRIP whitepaper slide 6:

“In order to receive referral rewards, players must hold bR34P in their wallet and the depth of the rewards received will be determined by their individual bR34P tier requirements. In addition, accounts must have positive deposit status for direct referral bonus rewards as well.”

In other words, $BR34P is used as a utility token for the referral program. For each level in the downline one would like to be eligible to receive referral bonusses more $BR34P tokens are required. Starting at 2 tokens for one level, up to 1597 tokens to be eligible for referrall bonusses of 15 levels deep.

Round Robin and NDV

There are two other important aspects you should know about. First, the Round Robin, is the about the way the referral bonuses are assigned to eligible upline. Second, Net Deposit Value, is about whether a wallet is eligible to receive a bonus or not.

Round Robin

From the involved wallet a referral bonus is paid out following a Round Robin concept. This means that each next bonus to be paid out is going to a higher level in the upline.

To clarify. The deposit bonus will go to the wallet above the involved wallet. The first hydration bonus goes to one level higher. This continues all the way to the top of the upline. Once the highest wallet is reached, the next payout will happen to the first one in line from the bottom again.

Net Deposit Value

Aside from the need to hold at least 2 BR34P tokens in your wallet to be eligible to receive the bonus, there is another condition which should be met. The wallet should have a positive Net Deposit Value (NDV). If not, the wallet will be skipped in the Round Robin.

In short this means that you should always have a higher Deposits value than the value of Claims. If so the wallet NDV is positive and it is eligible to receive the bonus, if not the NDV is negative and the wallet will be skipped.

NET DEPOSIT VALUE = ( DEPOSITS + AIRDROPS + HYDRATIONS) — CLAIMS

Deposits = Total number of DRIP in deposits

Airdrops = Total number of DRIP you have sent as airdrops

Hydrations = Total number of DRIP you have hydrated

Claims = Total number of DRIP you have claimed

Historic price action of $BR34P

As shared earlier, the price of the $BR34P token has been pretty high when there was a very high interest in the DRIP ecosystem as well. Along with the DRIP price the $BR34P token price pumped strong.

This can be explained by the fact that more and more people were showing interest and were entering the ecosystem. At the same time, since every new entrant requires a Buddy, more and more people we leveraging the referral system, hence, buying and holding $BR34P tokens.

After the high of ~440 dollar per $BR34P, price declined (94%), along with the rest of the market, all the way down to 26 dollars end of December 2022.

Now we clearly see a bounce. Since the entire market is bouncing and this token is connected to BNB as well, it isn’t a surprising move. But let’s now get back to the fundamentals of this token and discuss why it could continue this direction.

Reasons for $BR34P to appreciate big

As explained above, this token has a specific purpose. People need to hold it in order to utilize the referral program benefits. If more involved people will buy $BR34P, its price will rise again obviously. So let’s see why people would want hold those.

There are, in my opinion, two very important reasons why it could become interesting for existing investors to buy some $BR34P tokens now again, those are:

1. The uplines are drying up
2. Crypto profits will be reinvested into DRIP

Let’s zoom into those two aspects.

Uplines will dry up

First reason why it becomes increasingly interesting to be part of the Round Robin of your up/downline, is because more and more of the wallets in your upline will dry up or will not be eligible for the bonus payout because its NDV becomes negative.

One of the fundamental elements of DRIP is that a wallet has a max payout of 100.000 DRIP. Once reached, the wallet is played out. No more DRIP tokens are generated nor can be claimed. Since DRIP is now running for almost two years, a growing number of wallets are reaching maturity and will become maxed out. Removing them from your upline as an active wallet in the Round Robin.

Before reaching max payout, since the wallets aren’t able to add new funds into it anymore, the NDV will become negative. Which means it will be skipped.

In other words, the number of eligible wallets in your upline will start decreasing. And could decrease rapidly as well.

Crypto profits will be reinvested in DRIP

In all past cycles and the past year as well, we have seen that people will take out money from the crypto market when the sentiment is bad. While when the market is soaring more and more money is flowing into the market.

Not only new market is flowing in, people also tend to reinvest their profits. We have seen this before, instead of taking profit and putting it aside, every dollar is reinvested in the next interesting project people come along. (Thats how I started with DRIP).

People will become interested in DRIP again, especially if the price starts to rise as well. As a spin-off we will see promotional articles floating Medium. In turn downlines growing again, more referral bonusses are going up the uplines.

You by now know what that means for everyone who want to benefit from those bonuses. Right, buy and hold $BR34P!

Wrapping up

Although $BR34P saw a 94% price devaluation the bottom could be in. Independent of the price of the token, if one would like to take part in the referral program of DRIP his or her wallet MUST hold at least 2 $BR34P.

We’ve discussed two important developments which could lead to a higher demand for this particular token.

Are you prepared? I am 😉

How to start in DRIP:

• Go to https://drip.community/fountain, and exchange BNB for DRIP.
• Go to the Faucet, and enter a Buddy address in the Referral section. Consider adding my (MDSquared) address as your Buddy: 0x37bB455be901d629aCaDC84BAcE52007067cF269
• Deposit at least 11.12 DRIP (Ensure you have 0.05–0.1 BNB for transaction fees.)

You’re setup on DRIP. Get ready to receive 1% daily! But, do come back regularly to hit that hydrate/recompound button!

Cryptozoa Telegram Gateway —

Follow this link to get to the Cryptozoa Telegram Gateway where an admin will onboard you to the Cryptozoa channels https://t.me/joinchat/PbTulqLoCmAzZmQx

NOTE: The amount Deposited is not withdrawable. In exchange you receive 1% of that staked amount on a 24 hr basis for the next 365 days, which can be rehydrated/compounded, or claimed.

References

Website DRIP: drip.community

DRIP Wiki: https://dripcommunity.wiki/en/drip/intro/

$BR34P on CoinMarketCap: https://coinmarketcap.com/currencies/br34p/