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This name could be ideally suited to a technology or finance company.
The name "TipDrop" has seven characters and only two syllables. Two-syllable names are very rare and very desirable. Established brands using two syllable names include Pocket, YouTube and Kleenex.
This domain was first registered in July 2009. Older domains have an advantage when ranking in search engines.
Tipdrop.com is a dot com domain. Dot com domains are the most popular, and the most valuable. Owning a dot com says that you own the word "TipDrop" online.
One suggestion for how this name could sound when used.