We've seen it before - coins listed on multiple exchanges with wildly varying prices. We're usually lucky if we take advantage of these opportunities during the short window within which they appear. Market Arbitrage Coin will automate the process and, using their system, we are given, not just the possibility of immense profits from their masternodes but, also, huge profits via automated trading of other coins.

It is with great regret that DRIP have decided that we have no option but to shut down our project.

The project has been costing us, not just time, but financially, during the past few months. The VPS and dedicated server costs have not been recoverable by us as the DRIP market is illiquid to the extent that even small sales would have dumped price.

However, we continued to work through this in the hope that the evantual bull market, which never materialized, would pull us out of the doldrums.

At the moment, aside from one trader who sold almost 160,000 DRIP at 61 sats during the weekend and is looking to buy back in lower, there is less than 0.05 BTC in total in the buy book. This trader is likely to repeat the trade and dump the market again when any sort of momentum starts building - and the past price action has shown us that there are many others waiting to do the same.

As stated before, we are losing financially as a team and our hard work appears to be doing nothing but offer these dumpers slow rebuilds of a buy book, into which they dump yet again. Unfortunately, the time has come for us to take our lives back as family life becomes an issue when you work as hard as we have been.

The final nail in the coffin came earlier today when we received word from CryptoBridge that we must put a stop to the 1 DRIP 'Retailer Rewards' that formed an integral part of the DRIP product. This alone would come with a cost, both financial and in the form of significant man-hours to redesign the wallet in some way that resolves the CryptoBridge concerns. As most will be aware, the DRIP project has a complete lack of funding and is totally unable to pay the costs associated with CryptoBridge wallet updates. The project had already been on a lifeline and is now completely unviable with these extra costs.

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Update for Today

Users of our free Discord Masternode Monitoring Service and our low-cost Discord Bot controlled Masternode Hosting Service now have the option to monitor and host MoonDEX (MDEX) masternodes.

Update for Today

Users of our free Discord Masternode Monitoring Service and our low-cost Discord Bot controlled Masternode Hosting Service now have the option to monitor and host SmartFox (FOX) masternodes.

Update for Today

Users of our free Discord Masternode Monitoring Service and our low-cost Discord Bot controlled Masternode Hosting Service now have the option to monitor and host GambleCoin (GMCN) masternodes.

Thanks Janarel 

DRIP is in the process of ramping up a masternode hosting service and, as suggested by our community, Infinex is the second coin added.

For every coin added, there's going to be a free Discord bot service that can give you statistics for, not just the IFX nodes hosted by us, but all your IFX nodes hosted anywhere.

In short, you register your nodes with the bot by typing [!mynodes register iEivpQ5HqZJfVwbF8hxDiDU8gVeyDq7ig4], remove nodes from the service by typing [!mynodes remove iEivpQ5HqZJfVwbF8hxDiDU8gVeyDq7ig4] and get the status of all registered nodes for IFX, and other coins, by typing [!mynodes status]

We'll also be adding the **optional** ability to register email addresses with the service in the near future - so that users can be notified via email as well as Discord DM, if any of the nodes hosted by DRIP go down.

A sample screenshot of the result from the free service is attached.

The rewards have started coming in for the masternodes hosted on the brand new, Discord-based, DRIP Masternode Services hosting platform.

This confirmed successful launch means that we can now start looking towards addition of our next coin. 

We now have the first masternode hosted via DRIP Masternode Hosting Services up and running. 

The DRIP masternode hosting Discord bot is open for business. Obviously, we're in the early stages here so we need to start off slowly (albeit not 'MANO-slow' :smile: ). We're going to start by offering 5 DRIP masternodes and a limitation of one per person to allow a few people to try the service out. When we have monitored stability for a few days, we'll start adding other coins multiple times per week.

To set up a masternode using our service is as simple as the following:

Step 1 - Get a Quote for 3 and 6 months hosting service
!dripmn newquote

Step 2 - If satisfied with the quote, get a payment address to fund your account (do not send masternode collateral here - the 10,000 stays in your own wallet)
!account payment

Step 3 - After funding your account, use one of the following commands, depending on whether you're opting for 3 months or 6 months
!dripmn getconf3
!dripmn getconf6

When you complete the above, you'll be DM'd instructions on how to deal with the local side of things.

Are you the owner of one of the 432 DRIP masternodes that have been active for 30 days or more? Are you a little confused by receipt of a payment of 2.31481481 DRIP in your wallets for each of your masternodes?

This payment was part of a live test of the 'automated revenue sharing' aspect of the announcement that will be coming next week.

Basically, next week, DRIP will introduce the first of, what will eventually be, a suite of services offered by the DRIP team. These services will all require payment via DRIP and a portion of the revenue will be shared among our longer-term masternode holders.

BTCBTC Advantages Offered By The Above Plan BTCBTC

• It will encourage people to hold masternodes for 30 days or more, resulting in an even more stable network;
• Typically, masternode rewards decrease as the number of masternodes increase on a network. With the introduction, and automation, of revenue sharing, masternodes will now have a second, and increasing, form of rewards;
• Demand for DRIP coin will increase when new people join the DRIP community and need to pay for these services - as DRIP will be the only form of payment;

As always, feel free to submit suggestions for DRIP to consider

I agree that marketing is important. DRIP have a monthly budget from which we can extract 10% of total block rewards for that month to fund various initiatives. Obviously, the higher the price for DRIP coin, the higher the budget will be. The announcement we make next week should drive up demand for DRIP and should also result in an increased awareness of DRIP among the communities of other coins. This will be the first step so stay tuned for more details  

For those of you that don't follow Discord, the following is an announcement made yesterday. When we reveal further information on what we've been working on behind the scenes, there may be a new announcement thread on Bitcointalk for DRIP.

Yes Maverik93. It's always been the intention to add any coin that shows signs of gaining some traction with regards to widespread adoption as a form of payment. Introducing the feature with BTC alone makes most sense for now. That will get the DRIP name out in the mainstream resulting in increased volume. This increased volume will then allow us to consider additional options.

We've replied to all private messages. Please post here, in public, if you have questions that you feel the answers to which will be useful for others to know too.

Thanks !vanovi4. Feel free to contact us here or on Discord if you have any questions - technical or otherwise

The Quote calculations will be based upon best available prices pulled by the DRIP Trading Engine from the various exchanges at which DRIP is traded.

Slippage is a user defined parameter and can be set to a sats amount or a percent. Lets say you are in a pizza shop where a pizza costs 10,000 sats. Basically, slippage is how far from the price quoted you find acceptable to still complete the transaction. It's to allow for slight variations in price between the time the quote is calculated and the time you click Send and Confirm to complete transaction. In this case, I might say "this pizza is costing me 100 DRIP - but let the trade continue, even with a 3% slippage, if it ends up costing 103 DRIP".

In Force is the time the transaction will remain in force. If the transaction doesn't complete within this timeframe due to the initial price no longer being available on the exchange (someone could cancel a buy order at the same time as you click 'Send'), the DRIP is returned to your address.

Partials is a checkbox where you indicate whether partial trades are acceptable. It would be used, for example, if you were sending a family member 100,000 sats at the quoted price but were willing to send smaller amounts if the full 100,000 wasn't available at that price.

If the quoted price is no longer available and we're still within the 'In Force' time, the following happens:

• If you have Partials selected, the trade itself will be placed on the backend exchange and visible to others to take portions of
• Otherwise, the trade is held within the DRIP Trading Engine and would be held off exchanges. Instead, the DRIP Trading Engine would monitor the exchanges to which it's linked for trades that would allow your transaction to complete, in-full, when carried out