BNB Miner vs DRIP Faucet vs AF Pig Pen…Part 1
How about a 3 way…comparison?
Are you wandering which is better, BNB Miner, DRIP Faucet, or the Pig Pen in Animal Farm?
Then this is the right place to be!
Let’s take a look at these 3 projects & compare their pros & cons.
In part 1 of this series we will discuss a little bit about Dapp miners, ROI, earning interest, compounding interest, & risk/rewards of each project.
Keep reading to find out more!
(NONE OF WHAT I WRITE IN MY ARTICLES IS TO BE TAKEN AS INVESTMENT ADVICE. I am not an advisor for this nor am I suggesting any financial action on your part. DYOR)
What in the world are you talking about?
What are these projects & why would I want to join them?
Well, these are all Crypto Dapp mining type projects. They are not like traditional crypto mining. All the “mining” is done mostly online, through websites & software, not expensive hardware.
We discussed Dapp mining in the past.
Basically, you invest money into these projects. Your investment is locked into these contracts (except in the Pig Pen, which we’ll talk about in another article) & can not be withdrawn. It then sits there & earns you a certain amount of interest per day. You can then withdraw the interest which is earned on your Total Value Locked (TVL).
The goal is to earn more than you invested. If you are able to earn more than your investment then it means that you are in profit & haven’t lost any money. In fact you gained money if this happens.
If you earn less than you invested then it means that you lost money.
The goal is to win more than you lose!
ROI
You ROI (Return On Investment) is determined by the amount you withdraw versus the amount that you invested.
For example:
- You invested $100 into one these projects, on 1/1/23.
- You withdraw $35 on 1/15/23. This means that you still have $65 left in order to get all your investment back. Therefore, you are at 35% ROI. ($35, withdrawn, divided by $100, your investment, times 100% = 35%)
- You then withdraw another $35 on 1/31/23. Your total investment is still $100. You total withdraw is now $70. This means that your new ROI is 70%.
- Now suppose, on 2/15/23, you withdraw another $35. Now you have withdrawn more than your investment. This means that your ROI will be higher than 100%. You have withdraw a total of $105. Your total investment is $100. Therefore, your total ROI is 105%.
- Now you have withdrawn all of your investment & have made $5 profit! Yay! This is what our goal is with these projects. We need to at least get all of our investment back, plus more.
Otherwise, it’s not worth investing into the project in the first place.
(The example above is a hypothetical example & isn’t from any of these projects discussed in the following articles.)
Investment amounts, daily earnings, withdraw amounts, & ROI can be very different depending on the project. Know your project before investing. Do your own research.
Ok. so what’s so special about these projects?
BNB Miner, DRIP Faucet, & the Pig Pen are all different types of these Dapp crypto miners, that earn daily interest from your investment.
Here is a quick summary of each project:
- DRIP Faucet — Earn 1% daily on Deposits amount for 365 days. Min 10DRIP tokens required for deposit. Uses DRIP token in contract. Been in operation since 04/21/21.
- Animal Farm Pig Pen — Earn 2% daily, plus BUSD. Uses AFP tokens in the contract. Been in operation since 10/13/22.
- BNB Miner — earn 3% of personal TVL daily. No limits on investments & withdraws. Uses the BNB token in the contract. Been in operation since 3/22/21.
In each of these 3 projects you can compound (Hydrate in DRIP’s case) your earnings & grow your TVL. This in turn may grow your earnings.
1%, 2%, & 3% doesn’t sound like much but remember that these are daily earnings. Not yearly earnings like at your local bank.
If you take our $100 investment example as before, & earn 3% at the bank for the year, then you have just earned $3 from your $100. You now have $103, with $3 profit.
Now, if you take that same $100, & invest it into one of these projects, then you have a potential to earn more than $3!!!
- At 1% daily, in the DRIP Faucet, your $100 investment may turn into $365. This equals $265 profit. ($365 earned minus $100 investment equals $265.)
- At 2% daily, in the Pig Pen, your $100 investment has a potential to turn into $730. This equals $630 profit ($730-$100 = $630).
- At 3% daily, BNB Miner, your $100 investment has the potential to turn into $1095, $995 profit.
This sounds a lot better than putting it into your local bank, doesn’t it?
But wait there’s more!!! (Enter compounding interest)
Albert Einstein said that compound interest is the eighth wonder of the world.
He said “Compound interest is the eighth wonder of the world. He who understands it earns it… he who doesn’t… pays it.”
Let’s look at how our $100 investment would look if we compounded our earned interest everyday for 1 year.
- At 1%, in the DRIP Faucet, it would become $3,778.34.
- At 2%, in the Pig Pen, it would become $137,740.83.
- At 3%, in BNB miner, it would become $4,848,272.45.
These totals look amazingly large. This is just how the math works.
This is theory. Reality may be a much different story…
Each project comes with its own risk/ rewards, pros/cons. Let’s compare the three of them.
Risk/Rewards…
What are the risk of each of these projects?
- In all of these projects, the value of the token used in the project can sink to levels that may be too low for some people to justify remaining active in the project.
- The TVL (total value locked) in the contracts of these projects can sink too low to continue paying out daily rewards to the investors.
- The Devs can change the contract, or earnings causing the contract to stop operating.
In DRIP Faucet — The value of the DRIP token has gone up & back down again. Since earnings are paid out in DRIP tokens, then the value of those earnings has gone up & back down again.
In Pig Pen — The amount of earnings has changed over time. Plus, the AFP token has started going down as well.
In BNB miner — The contract balance has gone up & down at least twice over the life of the contract. Contract balance has a direct effect on investor earnings. When the contract balance goes up then usually so do the earnings & vice versa.
What are the rewards of each project?
In the DRIP Faucet — The contract will continue to payout 1% of your total deposit balance for 365 days. Hydrating (what they call compounding) can increase your deposit balance. It basically adds 3.65 times whatever you are hydrating. If done right this can greatly increase your total DRIP earnings!
In the Pig Pen — You earn AFP tokens & BUSD tokens. When you compound, your earned AFP tokens get added to your staked Pigs balance (increasing your level of earnings), & your earned BUSD is deposited into your wallet. This increases your AFP earning capacity & pays you BUSD as well. So the best of both worlds!
IN BNB Miner — You can compound, withdraw, & reinvest as many times as you want & as often as you want. In fact, there Lightning rounds you can participate in that pay you back with BNB tokens! This then will reduce your risk & increase your total ROI!
Conclusion
So now we have gone over a lot of stuff in this article.
We have barely touched the service of these projects & will go deeper in the next article.
So stay on the lookout for my next articles in this series when we will look closer at token prices, gas fees, taxes, earnings, & withdraws.
Thanks for reading!
Till next time.
God Speed!
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