DRIP is an open source crypto-currency focused on fast private transactions with low transaction fees and minimal environmental footprint. It is a fork of the latest version of PIVX which now offers, among other features, private staking. At the beginning, DRIP will offer the additional feature of a portion of each block reward going to retailers and/or charities (further detail below). As a community governed coin with a different community to PIVX, this will only be the first in a long list of differences coming soon. Further information will be available in our whitepaper - which is linked to above.

DRIP utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes - with the remaining 10% dedicated to community budget proposals. A further portion of the block reward is assigned to the last person to whom the PoS winner of each block has sent coins to. The purpose of this is to incentivise retailers to accept DRIP - as acceptance of DRIP will result in being paid for their product or service AND getting an opportunity for further awards.

Should the miner of a block not have sent DRIP before, i.e. they have only set up a wallet and received money, the reward that would normally go to the retailer will go to a DRIP address reserved for charity. Coins in this address will be sold off at regular intervals and the proceeds donated to various charities.  

The primary goal of DRIP is to achieve a decentralized sustainable crypto currency with near-instant, private transactions, fair governance and community intelligence.

• Anonymized transactions using the [_Zerocoin Protocol_]
• Fast transactions featuring guaranteed zero confirmation transactions - _SwiftX_
• Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO

More information at [dripcoin.tech](http://www.dripcoin.tech)


Coin Specs

Block Time	60 Seconds
Difficulty Retargeting	Every Block
Max Coin Supply (PoS Phase)	Infinite
Premine	290,000 DRIP*

*40,000 DRIP will be used to run four developer masternodes, resulting in a stable network. The other 250,000 coins will be distributed to the community using the various approaches detailed in our whitepaper and social media groups. These tokens will not be staked or used for masternodes during the distribution phase and any undistributed tokens will be burned on the day we list on an exchange.


Reward Distribution

Block Height	Reward Amount	Notes
1	290,000 DRIP	Primarily for distribution to the miner community

PoW Rewards Breakdown

Block Height	Team
2-120	2 DRIP

PoS Rewards Breakdown

Phase	Block Height	Reward	Masternodes & Stakers	Retailer/Charity	Budget
1	121-43200	11 DRIP	10 DRIP (90% staker)	1 DRIP	10%
2	43201-129600	151 DRIP	150 DRIP seesaw	1 DRIP	10%
3	129601-216000	131 DRIP	130 DRIP seesaw	1 DRIP	10%
4	216001-302400	111 DRIP	110 DRIP seesaw	1 DRIP	10%
5	302401-388800	91 DRIP	90 DRIP *	1 DRIP	10%
6	388801-475200	56 DRIP	55 DRIP *	1 DRIP	10%
7	475201-561600	46 DRIP	45 DRIP *	1 DRIP	10%
8	561601-648000	26 DRIP	25 DRIP *	1 DRIP	10%
9	648001-734400	11 DRIP	10 DRIP *	1 DRIP	10%
X	734401-Infinite	5.5 DRIP	5 DRIP *	0.5 DRIP	10%

*After block 302,400, the reward split between masternode and staker will move from the seesaw algorithm to a fixed reward based upon whether the staker is staking DRIP or zDRIP. If the staker is staking zDRIP, they get 60% of the reward. Otherwise, they get 40%. The remainder goes to the masternode.


Token Distribution Details


Pre-Mine

40,000	Four masternodes to be run by team in order to maintain a stable network until other masternodes come online (burning of these tokens will happen after phase 3)
20,000	To be used for the DRIP coin bounty programs
230,000	To be distributed to miners - and not to be staked or used for masternodes whilst awaiting distribution
290,000	Total

Fundraising

Through miners mining to DRIP-owned LUX and RVN addresses, we secured funding for the following:

First Exchange Listing	0.7 BTC
masternodes.online	0.2 BTC
masternodes.pro	0.1 BTC
Second Exchange	1 BTC