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This name could be ideally suited to a technology or finance company.
The name "TipDrop" has seven characters and just two syllables. Two-syllable names are extremely rare and highly sought after. Established brands using two syllable names include Starbucks, Walgreens and Honda.
This domain was first registered in July 2009. Older domains have an advantage when ranking in search engines.
Tipdrop.com is a .com domain. Dot com domains are the most valued top-level-domain in the world, famously used by websites like facebook.com. Once secured, a .com all but guarantees no-one else can outrank you for your own name in the long run.
One suggestion for how this name could sound when used.