Grand Master Jedi
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Perfect, thank you!
Nice! Ill be on my lap top shortly and will check the OTCMarkets, thanks.
Does anyone have the download on the fins here or a link? I know the revenue is growing by the quarter with the BTC mining they’re doing and believe their netting profit by now. Any feedback would be appreciated.
Its most certainly possible as people spill the beans all the time or its because the company hasn’t put out anything solid out and the market is tired of waiting. Ive told a few investors about Zion and why they may have a commercial discovery on their hands. Israel wouldn’t have approved the license if there wasn’t a discovery so the question isn’t if there’s oil, but if its a commercial discovery or not. I told them theres a 50/50 chance as no one can say for certain if they have a commercial discovery or not. We can most certainly speculate though. Ill be honest I stopped going long with Zion and was only swing trading her, but after the license got renewed I stayed put. I should’ve sold when she spiked to .30 after the news broke, but I felt confident enough w a renewed license that the price would hold above .20. If anything that shows the markets position towards Zion as it isn’t enticed anymore when they say they’ve discovered potential zones of interest, encouraging show of hydrocarbons, potential zones of production, completion liners ordered, etc. The only way shes going to start really moving again is if they produce some form of news that says they have a commercial discovery on their hands. The decision to stay put will end up becoming record breaking gains as the price will blow up to over $50 and thats being conservative or its going to end being a loss. Only time will tell and hopefully we’ll find out by end of 1Q or early 2Q of the test results of the well.
Amen and same to you!
I couldn’t help it either as I was tempted to get more but I am more then content w my position. If she pulls back again to .13 or even 13.50 Ill buy more to get my average to .17 and although Im in more then I wanted thats how the cookie crumbles sometimes.
Today was a bad day overall for the market but seeing that the price of oil is blowing up its going to be something if they have a commercial well here. Im holding more then I expected I would but couldn’t help averaging down today and scooped up 50k shares today. Would be nice to see Zion get back near the .17-.20 levels.
Got it.
Im just saying to find the current number of what the float is trading at would be between 110M and 292M but yes more can certainly be out but just not registered in the DTCC yet.
Im not aware of how the DSPP works but if I buy stock directly from a public company those shares wont be counted in the DTCC until I get the legend removed from my stock certificate whether its in electronic or paper form. In that state those shares would be counted in the DTCC but not yet in the public float, so yes, it is certainly possible for the number to be higher then what the DTCC states as we don’t know how other shares are out there or have been sold awaiting to be counted in the DTCC.
Yes it has moved up and shows that the float hasn’t been updated in over 6 months. OTC states its at 110M with 292M held at the DTC so the actual number is somewhere in between those numbers. 292M is getting up there but its not bloated and if theres a commercial discovery announced then a float of 292M would still move up fast. Not easy holding Zion right now as I sold for a nice profit twice but now Im stuck holding with .20 average. I thought the renewal of their license would keep Zion over .20 and didn’t see her pulling back this much.
I didn’t think we were going to pullback this low. Dang.
There must be a holding period as Im unaware of any offering that a public company can offer in selling discounted common stock to accredited investors who can turn around and sell them into the market right away. Im unaware though of how these DSPP offerings work as I never heard of them until Zion but I know the SEC/FINRA has these holding periods in place to prevent quick turnarounds. The shortest holding period Im aware is 6 months but DSPP may different holding periods.
To stake in the two sides liquidity pools in Flarefarm, like SGB/CAND for example, you need to use FlareX first to provide liquidity in whatever two sided pool you want to stake in to get liquidity pool tokens. Thereafter go to Flarefarm and then it will allow you stake whatever pair your choosing to stake. You’ll need both coins to stake in two sided pools and can use the swap feature in FlareX to do so to get CAND for example. I swapped some of my SGB to get CAND when I did so. Im on the run and don’t have any videos to share about it but there are some that u can find. Because of the multiple steps I watched video to learn it but once u know the steps it’s easy to do.
It allows u to do both. Theres a glitch though thats being worked on as this is a test-net so things like this will happen. You’re supposed to be allowed to stake WSGB in Flarefarm in the one sided pool that earns .27 SFIN daily and collect FTSO rewards at the same time while staking your WSGB is Flarefarm. The only catch though is Flarefarm chooses the provider which is A-FTSO & Defi Oracles. At the end of each FTSO Epoch cycle you should be able to still claim rewards the same way. It was working for me in the beginning where I was collecting my SFIN and FTSO rewards but now its not. I haven’t done so yet but going to unstake all my wrapped SGB and then will unwrap it in Bifrost and will rewrap it again and then stake it again in Flarefarm and see if it works.
EXFI/SGB is for the two sided liquidity pool which means staking two coins in one pool. For the one sided liquidity pool it only lets you stake wrapped SGB (WSGB) not just SGB, which you can easily wrap in Bifrost and after go into Flarefarm and stake it in the one sided liquidity pool for WSGB. All together I believe there is 4 one sided pools that one can stake in Flarefarm, which is WSGB, EXFI, CAND & SFIN.
And then wrap it again and stake it in Flarefarm?
Thats inside FlareFarm. Goto FlareFarm thru your Bifrost browser and connect to it. Once in FlareFarm scroll inside or just click on your portfolio tab at the top and it will show which coins you have staked in it. If you see zero staked then click your mouse on the claim zeros and it will show how much SFIN has been earned thus far. If you have SFIN to claim then claim it and then start staking it inside the SFIN pool and put it to work to earn more SFIN.
Which staked coin pair? Inside FlareFarm?
If u lock up your XRP in Nexo you get a 12% annual return on your bag? Ive read different things and don’t know the ins and outs of staking ones crypto in Nexo.
PS: Im going to run out of posts and if so Ill reply later, but a further breakdown would be appreciated as I hold a large bag of XRP. Thank you.
Do you have all your WSGB staked in Flarefarm? I have all my WSGB staked in Flarefarm to earn SFIN as were suppose to still collect FTSO rewards while staking WSGB in Flarefarm. Im told they’re working on the glitch but going to unstake all my WSGB and restake it again in Flarefarm and see if it helps.
PS: If I don’t respond its cause Im out of posts.
Unless you sell whatever you swap for a profit as Im not sure how u pay tax on a swap other then the gas fee one pays when they do the swap, which is very cheap when using XRP or within the Songbird Network.
Is your WSGB in Bifrost or is it being staked in FlareFarm?
Converting XRP to SGB isn’t a big deal unless SGB shoots through the roof and u sell that SGB for a gain. From there you send that SGB to Bifrost to convert it within the Songbird Network to wrap or stake it which Im not seeing how any of that is a gain unless one begins liquidating rewards as most I know are just compounding them.
Good video. I have the majority of my SGB wrapped and staked in FlareFarm but the frustrating part is that Im not getting my FTSO rewards. I have was getting on average 1500-2000 SGB a week & this morning I had zero SGB to claim. I was told they’re working on it, and if fixed, I wonder if Ill get the rewards Ive lost. I was thinking to unstake them all and restake them in FlareFarm and see if that works as I don’t see any other option. Unstaking them all together isn’t an option as I want the SFIN rewards. So frustrating.
I have 8k more SGB to stake and want to do so in SGB/CAND. Is it best to swap 50% of those 8k SGB into CAND and stake 50/50 in the pool? Not sure if it matters but remember reading that it should be 50/50.
Also, Im not getting my FTSO rewards for WSGB. Its such crap as I was getting between 1500 to 2000 SGB a week. I was told they’re working on the problem and wonder when its fixed if people will get the SGB that was lost. So frustrating.
I left some of SGB unwrapped from last week FTSO rewards, I took that SGB and swapped some of it into CAND on FlareX. Thereafter I provided liquidity for SGB/CAND pair and then staked it in FlareFarm.
Oh I see. This breakdown is good. So the position Im in is if SGB runs up I lose out on that appreciation and same would go if I staked EXFI/CAND pair. Makes sense. Im not feeling the loan pathway with CAND and using WSGB as collateral. Regardless, I have most of my funds staked in one sided pools with WSGB and EXFI. Im just doing a test run though right now with about $500 for SGB/CAND before adding more to it but your breakdown helps me understand the risk factor more with the two sided pools. Thank you much!
I guess it wouldn’t make a difference if Im providing or removing liquidity as the risk is the same. Ill think on it more over coffee tomorrow morning as its late and my heads hurts. Thanks for the feedback.
Is that risk the same for if one provides or removes liquidity? I believe when one removes liquidity is when they get LP tokens, correct? If so what about if one provides liquidity which is what I did with SGB/CAND and then staked it in FlareFarm. I haven’t tried to remove liquidity as Im digesting each step slowly so I understand good.
Just claimed mine and got my SFIN up to .0019. Im staking in three of the one sided coin liquidity pools (WSGB, EXFI & SFIN). Im skipping staking in CAND as it only earns .06 SFIN while the other three earn .27%. Yesterday, I started staking SGB/CAND, which is one of the two sided coin liquidity pools and earns .41% SFIN. Im going to jump on EXFI/CAND as well so Ill be in two of the two sided pools earning me .41%. The risk is higher though in using the two sided pools, which is why the earning rate is higher, but Im not sure where the risk is. Perhaps its in the swamping & staking process. For the past two days the SGB/CAND pool that Im staking in hasn’t changed in value or anything and has done nothing other then earn me SFIN so Im not sure where the risk is at. Either way, the plan is to earn as much SFIN as I can.
I would convert XRP to SGB and then get that SGB onto Bifrost. From there connect to FlareX through Bifrost and then convert your SGB into CAND. Does that make sense? I believe Sologenic Dex will let u convert XRP into CAND.
In my post #31123 I said that Bifrost works only in mobile not lap top and to watch the Flare Community walkthrough video for insight. You followed up by saying in post #31124 that you were trying to connect to Bifrost to your laptop. After stating that you were still trying to connect Bifrost to your laptop after I said u couldn’t had me assuming that you knew how to connect your mobile screen for viewing on your lap top or something like these influencers do when the make these walkthrough videos for Bifrost. I wasn’t sure what to think which is why I replied in post #31125 that Bifrost is mobile use only but if u knew how to connect it thru ur lap top then cool. Anyways, hopefully u got it figured out now.
If you don’t claim them the rewards will keep building but might as well claim them and put them to work in the SFIN liquidity pool where u can earn more SFIN.
Im staking WSGB, EXFI, SFIN and SGB/CAND for SFIN rewards which I claim daily. You don’t have to claim them daily but I do because once I claim them I add them to the staking pool where Im staking SFIN so I can earn more SFIN.
I explained that you can only use Bifrost in mobile…perhaps you’re not understanding all the terminology. When you say you staked EXFI and SGB did you stake SGB/EXFI pair in the two sided liquidity pool that earns .41% SFIN reward? Also, you can’t stake SGB all by itself in FlareFarm as you’ll need to wrap it first in the Bifrost wallet and then you can stake it in the one sided WSGB liquidity pool in FlareFarm for .27% SFIN reward. Not sure if this makes sense.
You figuring it out?
You can also bookmark FlareX, FlareFarm and FlareLoans inside your Bifrost wallet where u access the browser for easy access. It’s difficult articulating this thru text but would recommend watching the walkthrough video
Bifrost is mobile use only if u know how to connect it thru ur lap top then cool but in order to connect to FlareX thru Bifrost you’ll need to put in the FlareX address INSIDE your Bifrost wallet as theres a browser inside Bifrost. https://xfx.flr.finance/
Yes, check out that video I sent you as it goes into that and other details about using FlareFarm. Bifrost doesn’t open up on lap top like Metamask does as its mobile only. Theres a browser inside the Bifrost wallet. Find it in there and put it in that address in the browser and it will connect u to FlareFarm