What do SPLASH and MY DIAMOND TEAM have in common? Yup! They are based on the daily ROI principle of DRIP deriving self-sustaining funding from its own taxes. Are these projects legitimate? What are the risks of wandering off the pasture?
In this article, I will talk about the platforms, price history, benefits and risks of:
- My Diamond Team
- Splassive
- DRIP
With blockchain projects being “open source”, meaning their source code can easily be accessed, copied, and duplicated, it is conceivable that it is pretty easy to create your own token. The fallacy is thinking that because the original project is working and bug-free, that the new project will work.
I believe there is a lot more to a DeFi project than just changing the colors and terms from an original project. So, we’ll talk about these DRIP off-shoots and why one would need to be extremely careful with them.
Author’s Disclaimer: This is not trade or financial advice. All trading and investing, whether real estate, stocks, or crypto, involves the risk of loss, sometimes greater than 100% loss. Do not trade or invest with funds you are not willing to lose. Please do your own research.
Any reference to an investment’s past or potential performance is not, and should not…
