I am not a nexo coin holder. Nexo will add a tiered system in December to increase earnings if your assets over a threshold and if you agree to lock up you assets you get another little bump in earnings.

Now there is an option to buy nexo through their site using Bitcoin but the easier approach is to buy nexo on Bitrue exchange. They are an xrp friendly exchange and offer nexo pairings.

Personally I always felt that I would rather load more on xrp and earn less on interest because if xrp skyrockets, that will automatically increase the earnings potential. However over the past year or two, it was nexo that has gone way up and the users made more if they held the coins.

Tht is what I’m thinking too!

As you might know, the SOLO core team has been working on new technology for quite some time.

Glad to inform you that, we'll finally reveal more details on this new ecosystem on December 20th, 2021.

This will directly incentivize all $SOLO holders.

@realSologenic
#StayTuned

As you might know, the SOLO core team has been working on new technology for quite some time.

Glad to inform you that, we'll finally reveal more details on this new ecosystem on December 20th, 2021.

This will directly incentivize all $SOLO holders. @realSologenic #StayTuned

— Bob Ras (@bobrasX) November 29, 2021

I impatient solo will run up in price and tank days before tbe air drop. Then tbe questuon to us will be to we sell at a fraction of the price, or just hold and hope over time it goes back up.

Right now, if xrp is still kicking down at $1 or less and we get our solo, I am converting to xrp. More passive income but also Just more loading of xrp free of charge to be ready that day when xrp does run. We can probably convert all our solo to xrp while trial is still going on, then with positive outcome, cash out nicely

Solo will take a massive dump in price. Everyone is eyeing the price myself included and imagining their cash out prices.

My thought is to quickly exchange all solo for xrp. I am not aware of staking for solo so I don’t know if it can earn passive income other than buy and hold.

My thinking also is if xrp is going to be the foundation for airdrops, the more conversions to xrp, the bigger the position it will be for next airdrop if and when it happens.

Congrats on those cashing in below a dollar. I spent all my free funds Around 1.02 / 3 last week.

As much as I would love to load up more, it’s the holidays and Christmas shopping takes over :(.

Normally I would start rolling my xrp for fixed earn but am keeping it loose! Have to keep it liquid for the transfer solo air drop

I don’t believe you can do any xrp exchanges period on Nexo

People barely bat an eye at news like this but if this came out in 2018 we would be screaming in tbe streets quitting our jobs hhahahahahahaha.

It is starting to happen. Now faster than we think. Getting hard to track all the partnerships. Ripple partners all have their own partners now and will be using ODL without that direct link to Ripple.

I expect ODL to keep 2x 4x 10x for the next 3 years

16 weeks xrp stayed above $1. This has never happened. Is xrp under $1 a thing of the past? Is $1.02 the bottom?

Just to follow up with what I sent you, my source is Clinton Donnelly from cryptotaxaudit.com

Eventually I may bite the bullet and pay for their services to aid in reporting and provide a layer defense against govt if audited

I’m not going to get into the passive income side, but a case can be made that the sgb airdrop when it was made had no value therefore no taxable income to declare. You would still have to declare 100% as a capital gain when you do eventually sell

Now I asked a question to a crypto tax guy on flare and this could apply to sgb. You are going to declare your airdrops on your tax return, but you will do it on the form Gift from a foreign entity”. You will declare it, but not pay any taxable income on it. You provided no service or payment for this airdrop. It was gifted to you from a company on foreign soil.

I believe solo and flare are in the UK and I assume you are in US.

By declaring gift from foreign entity you are reporting so there should be no penalty for hiding anything even if you are wrong. On the flip side, you are making the irs aware of something that they may misinterpret and tax you even when you shouldn’t be taxed

I wish there was one on airdrops. One tax advisor said to file it as a gift from a foreign entity. Flr and solo are from companies not based in the us. I did not provide any payment or goods or service for the airdrop. I have not made any promises……

I bought another small bag around $1.02 last night. I had a feeling this was bouncing back up off $1. Also figured, how can you go wrong, it’s just more solo for the upcoming airdrop. I thought I heard a TA say there was strong critical support at $1.01.

It’s crazy to think that we may never see an xrp below a dollar again. If not now, I think very very soon. Because once this blasts off, even an 80% pullback and bear market will keep this above $1. And what would happen in a bear market while xrp utility ramps up? Could there even be no bear market for years to come?

A little heads up, don’t wipe your Nexo account out in one transfer the day before the snapshot. Nexo may flag the transaction as suspicious and hold the fibds to investigate.

The day after sec lawsuit I pulled everyone thing and Nexo held it for almost a full day. Xrp was crashing by the second and Nexo held my xrp to investigate the activity.

Give yourself some breathing room to get your xrp where it needs to be in case it gets flagged as unusual activity

If you are a basic member like me, you get one free transfer a month. After that you pay the typical xrp fee. It’s like 0.001xrp.

Not a big deal for us xrp holders. If we had to do a lot of transfers with erc20 tokens and Ethereum, it would cost us and Nexo a lot

They posted that a few weeks ago but that only bought them a small window. A lot of time has passed and no further comment was made. It shows hope but we don’t know yet for sure.

Binance said something similar and then said they would not do it. Then there was a huge backlash and they came back and said last week that they decided to do the right thing and will distribute.

So Nexo is in same boat. They are facing a huge backlash of negative reviews from their customers if they do not execute. However they remain silent foe weeks after making that statement. They will not provide any more assurance

I meant those days when we were loading up xrp in the 20s and 30s will start to pay off with these flr and solo air drops.

The payout is every 5 xrp = 1 solo. I have not checked solo price today but yesterday it was $1.70.

These air drop snapshot dates could cause a run up in price leading up to the snapshot. Then perhaps a sell off.

Assume you had 20k xrp. That is 4K solo at $1.70. $4,700 profit for participating. That is a big chunk of change for just 20k xrp. Now I imagine some us have been holding a lot more xrp than that.

I don’t jump hoops for airdrops either, but I will for solo. $1.70 a coin, tokenization of assets project being built on xrpl for couple years. This one I will go out of way because the payout is massive. And I watched a 9 minute YouTube clip on how to do it (which really only needed about 2 mins of instruction to do it) and just have to transfer xrp to the address and back out and that is it!

Anyone who accumulated down in the 20s and 30s will be rewarded handsomely

I typed in XUMM wallet solo trust line on YouTube found super easy instructional video

Having it in XUMM but then also opening up that trust line with solo will make you qualify

XUMM gives you the power to authorize the drop. It will probably be a nightmare begging for the exchanges to participate again.

Now if Uphold came out and said they will do it then it makes it that much easier for you. I am not aware of any that have agreed to participate yet in it.

Once you have the wallet it will tell you you need 10xrp to activate it. You will initiate the transfer from uphold or where ever your xrp is now. You need 10 to activate and 2 xrp fire each trust line.

If you just want to activate the wallet and open the trust line for solo I wound sent 13 xrp to be safe to execute the whole thing

I am not technical and I don’t have a hard wallet. But I did download tbe XUMM wallet. Creator worked with Ripple for years and developed xrptipbot and integrated with uphold. That wallet I trust more than anything.

Once you have the wallet it takes 10 xrp to activate. Then you simply click add token, a lost drops down, you select Solo, and it opens up a trust line which costs 2 xrp. And then that is it!!

I just move my xrp to XUMM wallet so that it is there for 12/24 snapshot and I should be connected for the solo air drop.

Then after will move it all back to Nexo.

XUMM wallet is a Ripple developer so they made it super easy to open trustlines to any project on the xrpl. So if future airdrops happen, I will be ready in seconds.

Just a heads up there are many airdrops now in pipeline and most are bogus. Solo is absolutely legit. They have been developing on xrpl for years already.

There are a few others coming down the pipeline. Xrp punks is another potential one. They are developing fractional nfts. Something that will really catch on. If you want to own just a part of something.

I have to see the timing of these other airdrops. Kind of a hassle to unlock all my fixed earn programs and then I have to re lock them all up and space them all out again. I lose about 2 months of earning max earnings, but it is worth it for tbe solo air drop which is very material !

Yes probably one of the biggest air drops. I believe solo last I checked yesterday was $1.70. Snapshot is on 12/24. I am taking all my xrp out of Nexo and participating in that one because solo is a legit tokenization project on the xrpl. 200 million solo getting dropped to xrp holders and 200 million getting dropped to solo holders.

I never got the sgb but hoping Nexo will make the right decision. I will have xrp flr solo maybe sgb all off purchase of just xrp. Will hold all this stuff and find ways to make them all generate passive income.

4 coins generating passive income. And if the value goes up from here wow. Talk about a huge lifeline if economy tanks and we have passive income coming in.

Nexo gives you one free transfer a month if you are basic. Then after that it is something crazy small like 0.001 xrp or less for each one after that.

That is why xrp is superior. Nexo covers some of the ether fees but once it is on us the eth has fees are a lot on nexo or anywhere to process transfers

I plan to pull all my xrp off Nexo and put on to XUMM wallet. 12/24 their will be a snap shot of our xrp for a solo airdrop. For every 1 xrp you will get 0.20 solo. Solo is trading over $1.

This project has been on Ripplenet for years. Massive airdrop from legit project. I am not going to beg Nexo. I am making sure my xrp is liquid and on that XUMM wallet for the snap shot.

Massive reward.

I dodged a bullet with cred earn. They lost a lot of peoples crypto because they lent it out to a corrupt third party. They claimed to be over collateralized but filed bankruptcy and lost everyone’s money.

They returned all my funds weeks before this Happened because there were questions about licensing in my state.

As you know I am at Nexo now. My fear is being enticed by high rate of return, losing ALL of my xrp and then xrp takes off. Way too much of my time and money to lose it all and not see it through.

Some times these owners build them up like pyramid schemes and then pull the rug after it gets big enough and there is almost no recourse

I just bought some more this morning. Cost averaging up each time, but bigger picture I have been buying into xrp with ultimate goal of a 2 to 3 digit xrp so I’m ok with buying even at $1 now if it is heading to $10+, every purchase is a great purchase.

You don’t look at your retirement fund at work and ask if you should contribute that week or not. It just happens during good times and bad times. You do it long enough, and history has proven you make money in the end if you hold long enough.

And if we crash to a prolonged bear market and xrp is still around, then I will just keep loading! The longer it stays down, the more you accumulate, the lower that final xrp price has to get for complete financial freedom.

Anyone hear of XRPeople? Pretty high staking returns. The more your stake more you earn. Problem is don’t know if I can trust them.

Digital pound foundation is giving presentation today and Ripple is on the slide show as they are a known member of foundation. Swell is also going on right now.

What a moonshot xrp would get if central Bank of England sent a clear message that they will use Ripplenet for their cbdc

This new liquidity hub by Ripple is going bring defi (staking and earning) into xrp. I always preferred to deal directly with Ripple if I could. Or a confirmed Ripple partner. We’ll see how it progresses. Until they are ready, Nexo still my platform of choice. They have not committed to sgb to xrp holders, but they are on record for Flare as of today and offer best base earn rate with fixed 30 day lock up while offer insurance

All we need is a positive ruling on motion for fair notice defense and it is either a rushed settlement or Ripple very likely to win. The rest of this is noise.

I think the expert witnesses will do a great jib proving utility of xrp, the decentralization, and how Ethereum is way more of a security than xrp. Which begs us to ask why the free pass or is xrp Eve a security.

Then there is also a fact that most xrp transactions were done overseas with foreign entities and outside of sec jurisdiction regardless.

A lot of positive fundamental developments with partnership announcements today and use of ripplenet. We know what we hold.

Small victory for sec.

#XRPCommunity #SECGov v. #Ripple #XRP 1/6 Judge Netburn granted the SEC’s Motion to Compel Ripple to search for and turn over video and audio recordings of internal Ripple meetings. But the Order had limitations as described below. Judge Netburn ruled as follows:

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) November 8, 2021

Can we send it yet?!

The theme for the last 2 years. I feel like it is about to happen but it is like watching paint dry

I’ll take it!!! It’s coming.

Please tell me you heard it from someone other than Bitboy. :)

I am speaking sarcastically about ripple. They are being targeted like criminals when there is 0 fraud and there are actual crypto scams going on under sec nose. They are focused on wrong targets. And Hinman Clayton and Gensler all have notices. Criminal I don’t know, but certainly acting in self interest all 3 of them and they are willing to use us as collateral damage.

I’m sure I said it wrong or backwards even. Now this squid token went up thousands of percent and crashed to 0 in seconds. True pump and dump and lot of victims in that.

But sec doesn’t have time for that. They must protect us from Ripple and stop those war criminals first :(