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If a stock announces a dividend, you need to own the shares on a certain date to qualify. You can’t buy in after and expect to earn the dividend.
Yes there will be those who buy in just for the free air drop. Just as some do to buy in jist for a dividend.
Nexo:
Call to the #Songbird community: Due to its novel approach, #SGB is still in its testing phase. Nexo is keeping close contact with the Flare team but we can only commit to the airdrop once we are sure the infrastructure needed to safely access, store, and send $SGB is in place.
In the meantime, we appreciate your patience and engagement and will keep you updated on the latest developments.
The snapshot is historical point in time. Xrp had to be on a participating exchange at time of snapshot. It can’t be moved to one after the fact.
That probably determines what Coinbase is getting and not the users. Without the tag I don’t see how xrp can determine the amount that belongs to you personally. Some videos I am finding are confirming that the xrp scan does not work for exchanges at the individual user level
Xrp scan does NOT work if snapshot was done on exchange. Tried and researched. It is purely trust that you’re exchange did it and will give you the correct amount. I am in same bought with Nexo right now
Are you entering a dash between address and tag?
How do you enter the address when there is a tag involved?
I thought $10 by end of year has been possible since 2018. No-one knows when
It was a nice fox interview for the public but as a xrp die hard holder, they are just summarizing the frustrations we are feeling with sec. nothing new to report on.
The good thing is Charles gasperino is following the story and adding more color and asking the key questions rather than the generic questions from a reporter who doesn’t have a clue on the topic. Definitely more substance.
Ugh are you kidding me!!!! Brads audio kicks out and he didn’t hear the question why he believes xrp is a currency and not a security. They went to commercial and are going to work on tbe technical difficulty. I am recording this on my cell and will post to Twitter and put link on here when it is ready
Ok wow I was on Fox News not fox business. Made it just in time. Brad garlinghouse is coming on next
There is live White House press conference. I don’t know whether they will end this or not to go to next story. Only 2 mins to air time
Less than 10 mins I think Charles gasperino is bringing brad garlinghouse house on.
It’s frustrating that a ban on Bitcoin in China would impact the price of xrp and other alt coins who have nothing to do with btc.
National news on the cable network. I am just saying I am sure it will spread all over internet after it is done. Some mystery first coming on to talk about how sec is handling crypto and ripple lawsuit. Reporter said xrp holders are going to want to hear this one.
When I quoted that tweet, that was from yesterday, so when digital asset investor said to watch Fox News tomorrow, it means today now.
I’m sure with work and everyone around the world on different time zones, it may be hard to watch, but expect a video to be circulating around Twitter and YouTube in about 8 hours !!!!
Investigative reporter will be on Fox News today 3pm EDT.
Charles Gasperino:
“Stay tuned 330pm EDT you won't be disappointed! #XRPArmy”
Digital asset investor:
“Heard @CGasparino on @FoxBusiness He said tomorrow he's having a surprise crypto guest on and if you care about the SEC unfair treatment of @ripple you need to watch. Mentioned it was a major player. Said he's gonna "light it up". Said @cnbc protects the establishment”
Right at the end they had attorney on swell stage and he said xrp is a currency and fails to meet the howie test. If Ripple went away xrp would still exist therefore it is not a security.
The problem is that you can look at tbe howie test and make a claim something is a security and you can make the claim how it is not. Xrp is a hybrid asset that can be many things. Sec has taken stance that ALL xrp is a security. The ones that Ripple sold AND the ones that we bought on open mask.
If sec wants to take a hard stand and classify it all, then it fails the 4 prong test and is not a security.
Sec should have said the xrp we hold is not a security. The xrp that ripple sold from 2015 to 2018 may have been considered a security. There is a case there and it is still grey area because of the howie test. But xrp today, and xrp that we hold and that outsider developers are using for their own projects, that is not a security. Sec wants to harm us all in this lawsuit, because if they admitted our xrp was not a security, it may weaken their case. So they are obviously putting themselves ahead of the citizens they have sworn to protect.
We touch a dollar, Chiba declare btc illegal and we go down with it
Imagine if that was the last time ever right there where it was below $1. Remember what you were doing today! Rofl!
I signed retweeted and shared the petition
Myself. Thank you.
If tour xrp was on the Nexo platform at the time of the snapshot back in December 2020, they will facilitate the Flr air drop for their xrp holders. You don’t still have to have your xrp there, just at the time of the snapshot.
Now there was a new songbird token airdrop that will also be given to tbe xrp/flr holders who participated in the flare snapshot. Nexo and most exchanges have not confirmed that they will participate and or distribute the tokens to the xrp holders yet. We are being advised to reach out to our platforms and encourage them to distribute songbird.
I am told songbird will share the same address as our flare token (Ethereum address) only songbird will have a different memo tag after the addesss
Retweet any Nexo sgb related tweet too
I jist retweeted about 8 tweets with Nexo and sgb and I made a tweet and asked everyone to retweet, write their own tweet and retweet any nexo sgb tweet you see. We need to carpet bomb Nexo on Twitter to force communication. I bet if we hammer them with tweets in response to any other tweet they put out, they will have an update to us within 48 hours
I think they will but want to be sure they are capable first. I just wish they would break the silence. Even if it is a delayed distribution almost are ok with that. We just want to know we are getting what is owed to us.
It’s been one heck of a battle to get to $1. I hope we get to $2 a lot faster
Sometimes I wonder if xrp does prop btc up if Ripple is having an amazing pump.
The solutions provided to the exchange are they can distribute to their xrp flr holders, keep for themselves, or burn them. These are not my opinion but tbe actual options provided to exchanges by songbird
I can’t imagine that uphold would upset its xrp holders and keep the songbird or burn it. It may take time to facilitate and distribute but I feel confident they will.
However my snapshot was Nexo and I am not sure just how much love and support they will show for this new air drop. They dragged their feet until last day to announcement support of flr. And there was a disgruntled borrower who lost his xrp holdings and filed lawsuit on Nexo so I don’t think they are particularly crazy to bend over to support us….. however they have mAintained their xrp earn program at a healthy 4% flex or 5% fixed at the very bottom tier holding 0 Nexo coins.
A dream is what brought me here. Yes I hope they win. And I do believe they have a fighting chance with the Fair Notice defense.
If the fair noticê defense is allowed, it could open the defense up to a lot of blockchain companies. Sec may not even want to let it get that far and try and settle.
The sec mishandled this whole process with how long they waited and how they treated Ethereum. Fair notice gives Ripple complete immunity whether it is a security or not. The hammer may end up falling on all the other crypto securities and xrp will be allowed to continue. Developers will take comfort bringing their projects to Ripple because sec can’t touch them!!!!
Don’t be mistaken by that headline when they say trial. Article even says this partnership may have already been long standing. And if we are only hearing about it now, it may have been testing for over a year already. Remember we are the last to know
Good news on XRP utility front. Remember days when we asked when a bank would partner with Ripple? Well now we are seeing evidence of existing partnerships with CENTRAL banks!!
https://www.cryptosnewss.com/ripple-partners-with-central-bank-of-bhutan-to-launch-cbdc-trial/
A ripple settlement will be huge for price of xrp. But what would a Rippme victory do to the price? Just think about that. Sec could no longer touch Ripple and xrp. Xrp would become a safe Haven asset to build and invest and avoid sec stifling regulation!!!!!
What is great about Nexo is if xrp shoots up to $10 and beyond some day, we are not going to want to buy anymore out of pocket because we were getting it back in tbe day for 0.30.
Nexo allows us to keep growing our xrp daily no matter how high the price gets
I am getting weekly emails of how much interest I have earned on Nexo valued in USD. So they are recording interest value at time of transaction somewhere that we could use for declaring
I’m not sure how this will be reported for taxes. What a nightmare. Last time I sold all my xrp at year end when the lawsuit was filed so I just reported the capital gains tax on the sale (which resulted in a loss)
Now I bought it all back and more. Initially i thought I didn’t have to declare anything because if I haven’t sold anything yet, but all this debate about flare and airdrops has me second guessing how this will be handled.
I have mine all locked up. I would never sell when it’s falling. Especially when it’s drop has nothing to do with xrp rather the entire asset class. I’m holding for compete financial freedom. Tbe longer it stays down, the more xrp builds up my foundation to be used for passive income when we come out the other side
Nexo token was a dividend sharing, now daily interest bearing token. You purchase them to boost your earnings and lower your borrowing rates. They can be staked as collateral and you have voting rights for changes on the platform.
If you are not in the US, you can fix up your other cryptos and fiat, but choose to earn your interest in Nexo tokens which gives you a boosted apr rate than if you chose to earn in the same pledged asset
I had some money more kids in TUSD just sitting there earning. Wish it was all in xrp, but rather than start their first bank account they have it there