How to Earn Passive Income in Crypto – Step by Step to +$100K

by | Feb 1, 2023

How to Earn Passive Income in Crypto – Step by Step to +$100K

Many people dream of the day when they can comfortably live off their investments and not rely on their job.

Do you know what it takes?

$100,000 a year seems like it will take care of all the necessities. Here’s how Decentralized Finance within crypto and compound interest can get you there. I thought it was going to be hard until I read about DRIP. I kept wondering if it could be done and with a small investment.

What is DRIP?

Drip Network is a decentralized platform on the Binance Smart Chain that gives you 1% rewards in Drip tokens each day. You can either sell your Drip tokens to get cash, or invest them back into your initial deposit to receive more Drip rewards. Follow this:

  1. You have 100 Drip in you deposit account
  2. Every day, you earn 1 Drip (1%)
  3. You can choose to claim that 1 Drip and sell it into something else (BNB, USD, EUR, …)
  4. Or you can compound – reinvest – it into your deposit, which will now hold 101 Drip. You will now be earning 1% of 101 drip every day, or 1.01 Drip.

So how is this sustainable you might be thinking?

Well, every buy, sell, transfer, deposit and so on is taxed 10%. It is these taxes that pay for the 1% rewards that are pushed out to all of us with Drip in our deposit accounts. Only exception to this is buying Drip on the Drip platform (0% tax) or reinvesting your deposit (5%).

Alright, ready to start on the journey toward $100K per year?

image showing graphs and candlesticks
1) Buy Drip on the Drip Platform

So, for this you need $2112 to spend. You can of course start with less or more, results will just come later/earlier.

Now you are ready to get started on the path to building a stream of passive income. The first thing you’ll need to do is convert your USD or other currency to BNB on the Binance Smart Chain and buy Drip within the ‘Fountain’ on the Drip platform ( Because we’re buying it on the platform, we do not have to pay a tax. At the current price ($0.39), you now have 5 415 Drip.

2) Deposit Drip into the Faucet

The Faucet? undecided

You will probably get the water theme terms by now, so the faucet is the staking rewards deposit account on the platform. 1% a day is what you will receive once your Drip is in the faucet. As a result of the 10% tax, your balance will now show 4 873 drip. I will share my address if you need a buddy address – which you do:

3) Receive your first Drip and Hydrate

Once your Drip is in the Faucet, it will immediately start to generate the 1% daily rewards. About 24 hours later, it is time to make your first reinvestment into the Faucet, or ‘hydrate’ — which is what it is called on this platform ( 1% of 4 873 is 48.73 drip, but we also pay a 5% tax for compounding or ‘hydrating’, which puts our new balance in the faucet at 4 919.29 Drip. (4 873 + (48.73*0.95)).

4) Hydrate Daily for a Half Year

You’ll continue to hydrate every day for 173 days. On the 174th day, we will have 27 397 Drip in our ‘Faucet’ account ($10 685 at the current price of $0.39), which means that we are earning roughly 273 Drip per day ($106.47 at the current price of $0.39). A substantial contribution to retire on a +100k a year income!

5) Claim Every Day Until Max. Payout

So now you just claim your 1% every day and reap what you have sown!

But why not just keep hydrating and hydrating? For obvious reasons this cannot continue forever. In order to keep the system sustainable there is maximum payout of 100 000 Drip. So when we have now reached a deposit of 27397.26 is makes no sense to hydrate anymore, as max. payout (3.65 x deposit) is now 100 000.

We need to keep in mind that the Faucet has a Max Payout of 3.65 times the deposit amount!

This Max Payout is the maximum amount that can be claimed (taken out of the Faucet) based on the current deposit amount. So our Max Payout at a deposit amount of  27 397.26 Drip is  100 000 Drip. This means we can now claim every day until ‘Claimed’ = ‘Max Payout’

6) Retire or work less or ...

So here’s the math towards this substantial contribution to a +100k income? Let’s look at it:

  1. 27 397 Drip in the Faucet rewards 1% a day or let’s round to 274 drip per day
  2. 274 Drip per day works out to $106.84 per day at the current price of $0.39
  3. There’s a 10% tax to claim Drip out of the Faucet, so $106.84 * 0.9 = $96.16 per day
  4. There’s another 10% tax to sell Drip, so 96.16 * 0.9 = $86.54 per day
  5. We’re claiming every day (as explained above), which works out to $86.54 * 7 = $605.83 per week
  6. And with 52 weeks in a year, 52 * $605.83= $31 503.45 a year → almost a third of your future income.
  7. Wait – that’s not 100K per year? Correct, but what if you started with 3 wallets? money-mouth

Once you hit max payout and start claiming every day, you will be able to claim for 283 days before hitting max. payout. You would then have received almost $24 500 from this investment. And remember, the restrictions only apply per wallet, you can easily repeat this for multiple wallets to extend the lifetime of your investment.

Note: To perform this exercise, we had to assume that the current price of $0.39 would stay the same over the course of the investment. There has been a low of $0.30 and a high of $186 since the launch, so the price could or rather will fluctuate. I mentioned that there is a maximum-Max Payout of Drip at 100k. If we add more to our deposit, the Max Payout in our Deposit will no longer grow, even if we add more. We will want to claim every day and transfer our money to another wallet in order to continue getting the 1% rewards.

Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits, or losses you may incur as a result of this information. The article may contain affiliate links.

Set To Go?

I hope you’re now about as excited as I was when I discovered Drip. It’s a revolutionary platform that provides a sustainable source of passive income. With a little patience and a little persistence (connect each day to click the hydrate button!) you can also realize your financial goal utilizing crypto compounding.

How to get started with DRIP

1. Go to and exchange BNB for DRIP using your Meta Mask wallet or Binance Smart Chain wallet. You’ll need at least 1.2 DRIP if you want to deposit it later to earn the rewards.

2. Go to to deposit the DRIP that you purchased. You’ll need to enter a buddy address in the Referral section in order to make a deposit (clicking the ‘Buddy Detected’ button will automatically populate my buddy address in the field).

Consider joining using my buddy address: 0x41F7edc6ACe7652EA0E5Aee518556286c392D498

3. Deposit at least 1.12 DRIP to receive 1 DRIP in your faucet (Note: Make sure you have enough BNB to pay for the gas fees which are typically ~0.01 or less per transaction. I suggest you leave 0.1 BNB)

4. Once deposited you’ll start to receive 1% daily. Every 24 hours compound by clicking the HYDRATE (re-compound) button.

🌐 Learn more about Elephant Token: Website

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[This blog post is for informational purposes only and does not constitute financial advice. The views and opinions expressed in this article are those of the author and do not necessarily reflect the official position of Elephant Token.]


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