Spark (FLR) (FLRUSD)

[DarkPool]

Aight boys. Back in for round 3. Ding ding

[Robcula]

Huge bullish Flare news today:

Flare onboards @GoogleCloud
as an infrastructure provider to validate the network and contribute to the Flare Time Series Oracle.

Enshrining decentralized data delivery in a dual role with network validation is what makes Flare the Blockchain For Data

This does not mean that Flare is using Google Cloud...it means Google Cloud is a validating partner on the Flare Network.

[DarkPool]

A round 3? Or asking to much lol

[DarkPool]

Weeeeeeeeeeeee ;)

[DarkPool]

Round 2 ding ding

[DarkPool]

Like I said from day one. Sell the shit. And buy the ones with utility. I have a fund full of em I’ll market one day ;)

[pizzaclown]

Flare onboards @GoogleCloud as an infrastructure provider to validate the network and contribute to the Flare Time Series Oracle.

Enshrining decentralized data delivery in a dual role with network validation is what makes Flare the Blockchain For Data.

[DarkPool]

Roll.profts to xlm now. Bank em :)

[DarkPool]

Gotta be in it to win it.

[DarkPool]

Choochoo

[DarkPool]

Lol

[DarkPool]

Appreciated those .0164 dummy. Can have em back at .02 again ;)

[DarkPool]

Come on bears. We're accumulating your borrowed shares. Next squeeze to .03 very little resistance :)

[DarkPool]

Top ticked her. On bid for more house.money. accumulate boys

[DarkPool]

Well shorty see ya at .03 ;)

[DarkPool]

.015s are filling boys fyi. Bottom alert!!

[DarkPool]

Getting closer! Patience pays

[DarkPool]

Added another 75k flipping her. Bull market accumulation name of the game down here ;)

[DarkPool]

Well f it. I took first 500k .165s ;) will add a few more of those blocks lower.
Don't get it twisted! I will be trading and accumulating this one. Welcome to blockchains new bull market ;)

[DarkPool]

.015s qued. See ya boys in the future

[DarkPool]

Volume was nuts. Bull markets designed to take as little as possible with em. Trying to get a starter tonight

[Robcula]

FAssets are being tested on Coston testnet. Next stop Songbird. Then Flare. No idea of timeline, but I'm hearing maybe a year until full launch on Flare, but could be less. Songbird has been moving up based on this news. Also from what devs are saying it appears that Layercake will be easier to implement than FAssets, so that could roll out soon too. Nice developments are happening. And possibly timed to bull run.

[Robcula]

Staking just went live on Flare Network. Currently only FLR on Ledger devices can stake, but that's just the initial rollout. I'm sure wallets like Bifrost will add staking ability soon enough. From how I understand it you can either delegate (and earn Epoch rewards every 3 1/2 days) or stake and earn staking rewards, you can't do both. Both delegated and staked FLR will still qualify you for the monthly drops. As more FLR moves from delegation to staking it should increase Epoch rewards. Parity will be achieved once 30% of FLR is staked, until then staking rewards will have higher yield than the delegated Epoch rewards. When 70% delegated and 30% staked levels are achieved then parity will mean that delegation rewards (Epoch) and staking rewards will be near the same. A welcome development. Should open the door eventually to the staking of other assets, like XRP. When FAssets and Layercake go live then Flare Network will really be something unique among crypto. And if FAssets and Layercake are announced next year after Bitcoin halving and kick off of bull run then FLR could really show us something.

[KICK1]

Added More $FLR

[MindlessSelf]

And back down we go

[MindlessSelf]

Small 20% Bounce :)

[GreedyAgorist]

As an experiment I left FLR on Uphold. (As an experiment, or as an act of laziness.)

Uphold wraps FLR for you (but not all, keeping some available for liquidity). The effect was that I got about 80% of what I got in the last airdrop. Which means, since I had more now than before, that I got something less than 80% of what I would have ... if Uphold had not stopped staking or if I had sent the FLR to Bifrost or something like that. I will check it out; thanks for the tip. Are both the website bifrostwallet.com and www.bifrost.com legitimate?

[Cheetah SPEED]

$1

[MindlessSelf]

Coinbase holders are getting their FLR starting today. Could add to volatility this month

[MindlessSelf]

Nothing we can do about it like you said. I’m riding it out and bought a little at the start when it became tradeable. I hope it does well. I believe from your prior comments you are more of the technology expert with knowing how the developments are progressing. I will be checking in with you over next 3 years

[Robcula]

I didn't vote for it either. The whole thing was handled very messy and with some level of corruption. I bought every FLR I held before the distribution began, because I couldn't access mine. And I have benefitted at the expense of other holders on Coinbase and Binance. I don't like when rules are changed mid stream, especially when the rule change screws over a class of people to benefit others. So the start of FLR is fubar, but I hope they make me money I'm the long term. I bet on it by buying. When coinbase releases FLR I'll get a boost even though the first few months of distributions and epoch rewards are lost to me.

[MindlessSelf]

Yes those of us fortunate enough are able to take from binance and coinbase holders. I voted against this proposal because I don’t think it’s right.

You know what would have solved this problem? 1 air drop to xrp holders. Sure some may not receive it same day but they would have received it. Perhaps those that received more information ahead of time could had planned better. Coming up with all these changes after the snapshot prevented anyone from reacting.

[Robcula]

There are different things that can be considered "excess" tokens. Example: let's say you had 50,000 XRP at the original snapshot. Your first FLR distribution would have been 7500. Each of those 7500 would qualify you to receive a further 5.666 over the 36 month distribution period. If after the first 15% but before the first 36 month distribution you had bought 7500 more FLR (this all assumes Wrapped and Delegated) you will get double the total amount of coins the XRP snapshot qualified you for. If that's what you mean by 'excess" tokens the answer is yes. But currently we are also getting "excess" tokens because even if people have FLR, if it has not been Wrapped and Delegated then it is not getting any of the monthly distribution until it is Wrapped and Delegated. For example, Coinbase nor Binance have yet to even distribute FLR to XRP holders on their platforms. So in the first monthly distribution you would have gotten 100% of the monthly distribution you were entitled to by your original 15% plus any that you bought....but you also received 30% (roughly) more tokens than you were even entitled to because so many FLR were not Wrapped and Delegated. I saw somewhere that Coinbase has FLR in their launch portal, but it can take 1,2,3, or more months for a coin to launch on Coinbase once it is on the launch portal. But for example sake, let's assume it takes at least a month for Coinbase, Binance, and the other smaller exchanges that have not distributed to finally distribute: the April distribution will again be about 130% of what we are entitled to by the first 15% and any we bought early on. Then if Coinbase only lists after that and assuming Coinbase holds roughly half of the undistributed tokens then the May distribution should be around 115% of our entitled amount. This also assumes that you don't sell any of the distributions. I mean, sell some whenever you want to take profits, but that will decrease the next months distribution amount you would have gotten. This is a simplified explanation because exact numbers are also affected by the inflation rate, etc, etc. Because even WFLR you receive in each Epoch for rewards will also go towards your next monthly distribution amount.

[TONTOYO]

Are we still getting the excess FLR tokens from people who sold early?

[Robcula]

Bifrost Wallet. Wrapped and delegated.

[MindlessSelf]

Was going to say that pop was a fluke and it would come right back down but now it’s up substantially more….

[GreedyAgorist]

Spoke too soon: Uphold wimping out on staking. They are not even waiting for a Wells notice. They are bailing on staking. Will take a month or so to un-stake everyone, depending on the blockchain.

Crud, how am I going to get the max amount of FLR on the 2nd 36th?

The notice of this came yesterday… and yet they let me stake the FLR I received today. [shrug]

[GreedyAgorist]

Cred FLR came a day after Uphold FLR. It was more because I lost more than half of my XRP to Cred. That was nice of them to include that, but, of course, I'd rather have my XRP back, not to mention a whole lot of USD. Ouch!

I have staked all my FLR with Uphold as it comes. They offer staking for 32 of the 237 tokens they carry. Not sure how long that will last. I am keeping an Excel file so I will be ready for tax time next year. They won't send a 1099-MISC for the staking rewards or airdrops unless the total exceeds $600, but you still need to report it. Got screwed by the Songbird drop; should have sold it right away before the end of 2021. Paid more taxes on it than it is now worth. SOLO and ExFi, on the other hand, started low and have stayed low. Peanuts. SOLO up on the Coreum pump, though, but still down 50% from when we got it March 31, 2022.

PS With Uphold, you cannot stake XRP. Understandable. However, you can stake FLR and SGB. Eleven and ten percent yield respectively, I think.

[MindlessSelf]

No xrp?

[ap17]

RIGHT HERE-> https://www.ledger.com/staking

[MindlessSelf]

Did you get your flare airdrop from uphold for xrp you had at Cred? There is definitely a glitch somewhere because uphold airdropped sgb and flr to me and so did Nexo. Blockchain is great technology but there can still be human error

[GreedyAgorist]

Be glad you found Nexo when you did. If I am not mistaken it saved you completely from the Cred Earn debacle. And you avoided Celsius, too, I am guessing. As long as get your money back at the end of this relationship, you should feel like you made out like a bandit.

Poor Cred Earn creditors don't even get any attention. YouTubers spend hours on Celsius and FTX, but the Cred bankruptcy can't hold a candle to those disasters. No press. Nobody following the story. The liquidation trust lawyers tried claw-backs last year. I did the math for them back in October and I have not heard from them since. Meanwhile (twiddling my thumbs) I harvested some other old capital losses to lower my AGI, in case this drags out another year before I can claim the loss.

Speaking of Nexo and airdrops, willl you be getting any Coreum? (That is the reason XRP has pumped, which for some reason only I have acknowledged over on the other board. Are they afraid it will dump if we don't stick to the judge's ruling coming any day now narrative?)

[MindlessSelf]

Yeah I’ll ride this flare out 3 years. A gift. I added a small amount to it before the proposal passed. Still holding all my xrp at Nexo. Was making an awesome 9.5% Apr for a full year. I enrolled in (2) 6 month pickups. But sec shut it down and all US holders will have their fixed agreements unwound and I will have to take it back. No where left to stake. No where safe that I am aware of. Thank you sec for screwing me over with xrp yet again

[GreedyAgorist]

Now have more FLR on Uphold than XRP. Admittedly I added some since the drop, because, if I understand correctly, that means my 1/36 was bigger than it would have been if I had just stuck with what I got in January (and staked it). Patiently waiting until next month to see how big my 2 of 36 is then.

Price just popped 17%. Weird thing to happen on a dilution day. Although a 36th is only 2.77%

[MindlessSelf]

Price has almost fully adjusted for next wave of FLR to be airdropped. I’m not saying price dictates success of development but it looks like this whole 36 air drop distribution does not stop price from falling. I would have preferred an entire airdrop day 1 and let the holders decide what to do. It would have all quickly got to the hands of the rightful owners and then it would have been a 3 year climb up.

[Robcula]

Most of the market is dropping, so I think it's more connected to that. Although I am concerned with price dropping as 700 million new tokens hit every month. They gotta get Layer Cake and FAssets running, and get some business on the network or it certainly will drop over time. I'm actually buying Songbird at these levels, at least with it we know there is no more coming.

[MindlessSelf]

Feel like price is dropping as more supply prepares to be airdropped. 36 airdrops incoming. Can it sustain?!

[Robcula]

I think price long term depends primarily on Layer Cake and FAssets. If they get those developments functional then I think it'll do great. If not it'll be like any other third rate crypto that will move up and down based on overall market and various pumps and dumps. State Connector is farther developed than I had thought. They recently minted NFTs on Flare using both XRP and Doge. State Connector alone is superior to regular EVM chains like Ethereum and Solana, but if they can get Layer Cake and then FAssets functional then I think Flare will take a significant percentage of the smart contract space.

[MindlessSelf]

You will forfeit your 85% holdings and it will be distributed to all wrapped flare participants now that the proposal passed. I voted against this to protect those like you and me who are somewhat trapped at the exchanges. Tbe flare rightfully belonged to you.

Now it’s not too late to get your remaining 85% or at the very least 82%. Mine was trapped on Nexo too. You Able to exchange it for UST and get it off the exchange. I did that and sent it to uphold. But you could also do Bitrue if you don’t like uphold. I sent it there, converted back to flare, then sent the flare to my Bifrost wallet where I wrapped and delegated it. Now that flare earn me additional wrapped flare twice a week while I wait for my 3% monthly distributions. It is kind of pointless to leave it at Nexo at this point. And Nexo said they have no intention of creating a withdrawal function any time soon. Tbere solution is to do exactly what I did. Swap it for UST or some other exchangeable trade on their platform, then move it

[ap17]

I have the original drop sitting in NEXO, is it correct I'm done getting drops? I never did anything with it.