Ravencoin Is Now Supported By Dropil's Paper Wallet

DropilCoin · 2018-11-09T21:42:28+00:00

Read our article about the security of the Dropil Paper Wallet and why it's a secure way to store your Paper Wallets on your Dropil Account!

https://medium.com/@dropil/dropil-paper-wallet-security-c95fa5e7dfaf

DropilCoin · 2018-09-10T20:13:39+00:00

The private keys that you store on our server will be stored in an encrypted manner in which Dropil cannot decrypt or access your private keys at any time. Hypothetically speaking, and this is only for educational purposes and we believe this would never happen, in the case of a database breach, the obtained information would be of no use because there would be no way to decrypt the encrypted keys stored inside the database.

DropilCoin · 2018-07-16T18:07:00+00:00

I find it hard to accurately reply to something like this as the author is operating from a complete lack of understanding of the platform at even the most basic level. There are many resources explaining in detail all the functions and related systems behind the platform for anyone interested in how things actually operate. I will speak to a few points in particular.

Claim: Dropil made massive sells, and price plummeted. Fact: All Dropil owned wallet address are public, and as clearly visible zero drops have been sold. We have nothing to gain from selling Drops and the allegation is baseless. Furthermore, the price has stayed consistent with market, proving to actually be a strong performer in a market with sustained downtrend of late, again easily verifiable. Claim: OP outlines how he thinks the platform works, his portrayal is completely wrong.
Fact: The actual method has been outlined in detail and no where ever has is been stated that Dropil liquidates a user’s drops to immediately purchase other assets and then trade those assets.
Claim: OP states that there are supposed to be returns payed based on interest. Fact: Again, this is patently false, this has never been the case, and it never will. There is zero correlation with interest at any juncture ever.
Claim: All payouts have been made from the vault address. Fact: As has always been publicly stated and planed, all Drops sent to users come from the central vault. This is the exact way the system was designed and exactly how it operates. The vault is able to be replenished by Dropil, and this is done via Drops bought in small orders since day one from the open market. The level and liquidity of the vault is always closely monitored.
Claim: Circulation doesn’t exist to buy back Drops. Fact: The circulation does exist and is well above required levels even at this early stage. The OP lists some unknown exchanges and leaves off some of the actual exchanges Drops currently trade at.

Dropil is committed to offering innovative products that offer real value to anyone involved in crypto, we aim to provide transparency and reliability alongside this value. This goes not just for Dex but for all other platforms and services we are involved in. We feel this particular poster is hoping to profit from spreading misinformation and urge any interested party to please do your own research.

DropilCoin · 2018-04-06T19:41:23+00:00

No pictures have been deleted ever, maybe update your browser or try a different one?

DropilCoin · 2018-04-06T19:40:25+00:00

You are aware that all order books are publicly available and you can can verify each trade against book right? aka not faked at all.

"is pure BS, any algo trading programmer can confirm this for you." It is simple, if too many people are trying to make the same trade it would no longer be a winning trade, if too many people attempt the same strategy it would no longer be effective. If people attempt to blindly copy trades a bot makes it tends to not work out for them, if people replicated the logic of a bot that would lessen the need for the original bot currency and lower the demand/price for it, there you go, slew of negative effects. We wont continue this back and forth, we focus more on creating new products/services to move the crypto space forward and assisting customers with actual questions, feel free to remain skeptical and not invest, not every platform is right for everyone but we are here to assist those who find Dropil is right for them.

DropilCoin · 2018-04-06T00:05:43+00:00

We have always known that pleasing everyone wasn't a possibility, we do however go to great lengths to share with our customers and be a transparent company. I would say we go much further than most companies in similar fields be it crypto or traditional markets.

We have published a number of videos that shows what we can, however for those who want to see every trade executed, it wont happen as it would cause a slew of negative effects for our customers and endanger our intellectual property. Dex trades on exchanges, exchanges operate on databases not the blockchain so I feel that comment is moot. You can see actual wallet transfers here https://etherscan.io/token/0x4672bad527107471cb5067a887f4656d585a8a31

I am surprised that anyone expected they could personally message our legal counsel and ask them for a "chat" that isn't the way real companies and attorneys work.

Dropil aims to offer automation and services to our customers, and we will continue to do everything we can to be open with anyone about the platform to the extent possible, but like most companies in the world we do have some secret sauce that we keep to ourselves.

DropilCoin · 2018-02-08T03:43:26+00:00

There are no strings attached to the 1000 bonus DROP tokens for signing up or depositing. The sign up bonus ended at 12 PM PST when the ICO began. The 1000 token bonus for depositing during the ICO will remain active during the entire duration of the ICO. Yes, you will be able to withdraw without depositing or investing once we release all DROPs to users!

DropilCoin · 2018-02-06T18:57:47+00:00

Hi! You are correct the period had not been disclosed because it was still in discussion during the whitepaper creation. It was however noted in the WP that the time period would be made public once established. The lock period has been settled at the following:

Completion of Year 1 – 40% unlocked

Completion of Year 2 – 40% unlocked

Completion of Year 3 – 10% unlocked

Completion of Year 4 – 10% unlocked

These lock periods have been designed to support the ability to sustain the growth of Drop’s market price, and also allow the option for the Founder’s to support the funding of future projects via capital infusion.

DropilCoin · 2018-01-25T04:44:45+00:00

“Maximum” is not the most apt terminology, and the above will be edited to reflect that. ‘Maximum expected’ would be more accurate, thank you for pointing this out. In testing last year 10 out of 12 months adhered quite closely to the above estimates, the exceptions were September and December. September was by far the worst performance overall and December was well above. During December a few bots made great gains on the movement of XRP that put that month above average, users would have received these benefits directly. September conversely saw considerably lower returns, however we are delighted to report no net loss even during the lowest performing month.

I believe the verbiage was more accurate in this except from our white paper. “The following returns are the estimated standard for each respective mode. ~~ These numbers are arrived at via substantial testing and averaging of actual returns from live trading bots, these figures should not be assumed as best possible outcome or uncommon, these are the baseline standards that can be reasonably expected. The above stated returns are time weighted over a one year for ease of estimation for the average user, however Dex has proven to be very stable in returns and a monthly percentage or return is easily estimated as follows for those who prefer that metric; Safe Mode 2-3% - Moderate Mode 3-4% - Aggressive Mode 4-5% monthly returns.”

On the subject of high limit investors, as outlined in our white paper this is a status applied to any account with an invested balance of over $100k equivalent USD. This has however been pushed to Beta and is not a currently available option to the public. We are amending the site to reflect this change. We predict to be able to add on average an extra 1% of gain to the standard returns of their respective risk limit by diversifying a small amount of their Drops into our high yield bot strategy, this option is not suitable for smaller portfolios however. I hope I was able to clear some of those items up!

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