DripDropz wallet

What is DripDropz (DRIP)?

DripDropz is a Cardano distribution service: projects load tokens into it and holders claim what has been allocated to their wallet, rather than every project running its own airdrop machinery. DRIP is the token attached to that service, and it lives on Cardano as a native asset.

Cardano's native assets work unlike tokens on most other chains, and it is worth knowing before you move any. There is no token contract and no token account to open; DRIP travels inside the same UTXOs as your ADA, identified by a policy ID and an asset name. A consequence: every output carrying a token must also carry a minimum amount of ADA, so a wallet holding DRIP always has a little ADA locked up beside it, and fees are paid in ADA too. Send your entire ADA balance away and the tokens have nothing to ride in.

One more caution. DRIP is a common ticker, used by unrelated tokens on other chains. What identifies this one is its Cardano policy ID, not the three letters, and a token sent from another chain's DRIP will not arrive here under any circumstances.

Supported networks in Tangem (1): Cardano.

Since claiming and moving small token amounts on Cardano means signing fairly often, Tangem keeps that to tapping the card against the phone, with the ADA that covers fees and minimum-UTXO requirements held in the same wallet as the tokens themselves. Frequent small transactions are where a wallet that needs no cable and no charging quietly earns its keep.