Grand Master Jedi
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That doesn’t make sense unless they’re going to put EXFI in its own wallet. Every token has its own address. I just got done watching this link below as I’ve been going down the rabbit hole to get more familiar with this ecosystem. Its much bigger then I thought from SGB to Flare which is will be connecting to like 5 different blockchains. Also, EXFI will have 3 use cases which Im still learning. Im so full on other stuff that its been difficult digesting all this info but will continue pressing in. “EXFI Airdrop Coming - Songbird Finance Rebrand - Panther Protocol”
Your welcome.
I would assume Nexo does that part as this looked like it was for those who have their SGB on Bifrost, Metamask and D’Cent.
Yes, in that link if one types in Experimental Finance Token they’ll see the same token address I shared. Thats the address used to set up ones EXFI wallet to receive in Bifrost or Metamask.
Thats the EXFI token wallet address. Thats the address thats used to set up ones EXFI wallet to receive in one Bifrost or Metamask wallet.
EXFI Token Address to receive: 0x72D932019AE098A6368E6676E16169D112E7720A
Nice! Im doing it right now as well. Lets get that EXFI....hgmmmmmm!
You needed your Songbird on Bifrost, Metamask or D’CENT wallet on EXFI snapshot date of 12/12. If you had your SGB on one of those wallets on the snapshot date then all you need to do is set up your EXFI address to receive it on whichever wallet you have your SGB on. That video in my previous explains it.
EXFI holders who are getting ready to receive the airdrop on 1/1/22 should watch this. I was unaware that an EXFI address was needed to receive the airdrop.
“EXFI Airdrop Preparation - MetaMask / Bifrost / D'CENT Wallet” (Songbird ...
My rewards last Saturday were 1515 Songbird and right now my pending rewards are at 1156. At the current pace I may beat last weeks so perhaps changing providers before claiming rewards was better then doing it after. I dunno.
Once that claim button is lit up those are yours. I would change providers before u claim your rewards. It may not even make a difference but thats what I did last time and my pending rewards look to be on par with last weeks.
Changing providers can impact rewards for the week you change. When Ive changed in the past Ive always done it after I claim my rewards on Saturday which I think has impacted my rewards for that week. I could be wrong as its my assumption for if more delegating that week rewards can go down as well. Changing right before the cycle ends may be the best time but Ive never tried to learn that time for myself exactly. Last week I had 100% delegated with A-FTSO and changed it right before I claimed my rewards (50% to A-FTSO & 50% to FTSO-IT) and so far my pending rewards look good. I would say to change either right before the cycle ends or right before you claim your rewards on Sat morning.
Look at the reward rate and choose accordingly. Overall, the less people who delegate and collect rewards the more we end up getting but we can choose providers with the best reward rates. That does help but the amount of weekly rewards that Songbird allocates doesn’t change so when there are more people delegating the rewards have to be spread out as the amount given weekly doesn’t change. Basically when there are more mouths to feed the less we get but we can choose the best providers so we can get maximum rewards. Currently have 50% with A-FTSO and 50% with FTSO-IT. https://flaremetrics.io/ftso
More exposure: “SEC Accused of Deliberately Trying to ‘Kill’ XRP by Favoring Ethereum (ETH)”: https://www.coinspeaker.com/sec-accused-kill-xrp-favoring-eth/
What a treat! Very nice amigo...double the SGB = double the rewards. Enjoy!
I see it. Its surprising that it jumped back up that high but still bogus that they only gave 500. Oh well, free money is free money. Im pretty sure post snapshot you can move it back now. Thats how XFLR was after the snapshot with the exchanges that participated. One could move their XRP off exchanges the following day so would assume its the same w SOLO.
Reading that more Songbird is due to go out from some exchanges. Hoping thats the end of it for the more people who wrap and delegate the less weekly rewards we all get. The amount of rewards that Songbird gives out weekly to providers doesn’t change so the more that wrap and delegate the less rewards we’ll get because it’s getting spread out.
Ive never moved any of my XRP for a drop or to try and take advantage of one. I understand the motivation to do so but not me. I don’t play that game with my XRP bag. Flare (XFLR) was claimed based on ones bag of XRP, and thereafter SGB was given based on ones claimed Flare (XFLR). From there EXFI is being given based on ones SGB and then VGB was based on ones bag of XRP as well as SOLO. Never sold or moved any of my XRP to participate. I read some on Twitter who sold there XRP to load up on SOLO as the ratio was higher for SOLO holders. I would never take that risk for a airdrop. If I can participate like how I have been, then sure, as Im actually looking forward to EXFI (especially after SGB), but selling my bag to do so? Nope. I would rather pass.
That would work unless you reset your Nano and get a new pass phrase. I reseted mine once and when I was finished it gave me a new pass phrase. I saved my old one just in case if new keys don’t work. Its recommended not to keep ones pass phrase together with ones Nano, but I do, unless Im traveling. If my Nano leaves my house my keys stay put and only the Nano comes with me.
100%!
That doesn’t sound like a promising wallet to have that type of vulnerability. I’m not sure about staking from the Nano Ledger but I know under settings it has multiple functions. I like the Nano because it gives access to one’s crypto directly on the blockchain making it very secure. The Nano is the tool to access ones crypto on the blockchain. This is how if one loses their Nano they can just buy a new one and access it with their pass phrase/keys. Ones pass phrase is everything. Keep it very secure for if one gets ones passphrase all the need to do is buy a Nano and access it. Don’t take pics of it either. Its literally the keys to the kingdom.
Yes, the Nano S has a limit and can fit a decent amount which is the one I have. I just bought a Nano X though as its the same technology but just bigger and hold more assets.
Nice move. I wasn’t thinking about buying VGB at those .25 levels as I was to focused on the drop itself. Its good thought though. Buy right after a drop happens for a short term hold.
Ripple’s CEO confirms XRP experienced ‘strongest year ever’ despite ongoing lawsuit
https://finbold.com/ripples-ceo-confirms-xrp-experienced-strongest-year-ever-despite-ongoing-lawsuit/
No trust line is need on Bifrost. If one had their SGB on Bifrost on 12/12 then they’ll automatically get EXFI dropped into their Bifrost wallet. No trust line was needed. If you got your SGB from an exchange and then put your SGB on Bifrost afterward then you won’t be getting your EXFI from Bifrost but from the exchange you got your SGB from.
That response from Nexo is a little puzzling as the only airdrop thats happening in January connected to SGB is EXFI on 1/1. Perhaps Nexo is sending out SGB late because they jumped on board late, but if they participated in the SGB drop then they’ll be getting EXFI from the Songbird Network. I would say whatever exchange is participated in the SGB drop will be sending out EXFI as well.
Also, theres good news about exchanges like Coinbase who didn’t participate. Any exchange whose not participating will be cut off from getting EXFI tokens. Perhaps thats why some exchanges jumped on board late for a few joined on after Songbird made that specific announcement. For example, whatever EXFI, Coinbase, and others were to receive will be broken up and delegated to everyone whose eligible for the airdrop. Curious to know how much more EXFI we’ll all be getting. Current ratio is every 235 SGB = 1 EXFI. Its a small supply and has the potential to have some real value as EXFI is the finance coin of SGB. (EXFI stands for Experimental Finance.) SGB has good value and earns rewards so whatever’s connected to that network has the potential to be good. Heck, my SGB is still worth good money for although it lost a lot of value its still holding $35k and earning weekly. No complaints from Yoda. Im excited for EXFI and to see what kind of value it will hold short, and longterm and how much it can earn. If it can earn the same amount or more of what my SGB earns weekly Ill be more then happy.
If you had XRP on Coinbase then you’ll certainly be getting your Flare (XFLR). 15% initially of ones bag and 2-3% monthly thereafter. Although Coinbase has the access over your claimed Flare Im pretty sure you’ll be able to get your DFLR in order to get your YFLR (Flare Finance Coin). Once DFLR is allocated XFLR holders will have 30 days to claim them in order to exchange them for YFLR. DFLR is like an IOU to get ones YFLR. Whatever DFLR isn’t claimed at the end of the 30 days is gone so hopefully you won’t need nothing from Coinbase to get your DFLR once you get your initial XFLR as these exchanges suck on getting anything out in a timely manner.
Oh boy is that confusing..what a merry go round. So if Uphold participated in SGB then perhaps you’ll get your EXFI from them? Seems like you’ll be getting them thru Nexo or Uphold. You’re somehow in the system and if you got SGB from them you should get your EXFI as they’ll be getting them and will allocate them out.
Were was your XRP for the Flare snapshot which I believe was on 12/20/20.
You just got your SGB yesterday? You needed SGB on Bifrost on 12/12 for the ExFi snapshot. Why did u get it so late? These exchanges suck as one misses dates because they take forever to comply. At least you got your SGB now and can start earning rewards now. The more you learn about the SGB network the more you’ll be able to navigate through the Flare Network. SGB is what Flare (XFLR) will be and ExFi is what YFLR will be.
Dang. What about your XFLR (Spark) tokens? What’s happening with SGB will happen with the Flare Network but just bigger.
Oh Im not sure how it works on Nexo. Did u get your SGB and if so was it through Nexo?
VGB drop was a joke with 500 coins. ExFi snapshot happened on 12/12. If you had your Songbird on Bifrost on 12/12 then you’ll be getting your ExFi on airdrop date of 1/1/22.
Ive been pondering that. How much value will SOLO retain post distribution? It will depend on what further info comes out about CORE from the development team over the next month. If its worth holding SOLO to get CORE then we’ll see some of that value hold. If not...then it will not. It will be an interesting month as SOLO airdrop is 1/20. Im more excited about getting ExFi and utilizing it within the Songbird Network.
Merry Christmas! #JesusIsLord
Are u set up for SOLO? I think EXFI is going to be a good one. SOLO down to $2 now. We’ll find out soon enough see if the incentive to hold helps keep the value up post distribution.
Oh I see. Thanks for the feedback.
Right about now
I got 500, lol! What a joke as I most definitely qualified for 1000. The drops apart of SBG Network and Flare Network are the ones to pay attention to. Will be nice if SOLO can keep at least half its value after airdrop.
Focus is with Songbird and Flare Network. The utility of these DeFi ecosystems are sick with multiple streams of revenue per network. The drops connected with those networks are the important ones. Although SOLO is good $$$$ my interest is focused on the ones that will create passive income. Pathways like this change the game.
SONGBIRD & FLARE NETWORK COINS: $SGB $EXFI $CAND $SFIN $YFIN $XFLR $DFLR $YFLR
“Currently, there are 2 Billion SGB delegated to the FTSO. And, early delegators are benefiting greatly.
Congratulations Flare and the whole community.”
Currently, there are ~2BN SGB delegated to the FTSO. And, early delegators are benefiting greatly.
— XRP_Cro 🔥 AI / Gaming / DePIN (@stedas) October 9, 2021
Congratulations Flare and the whole 🐦 community@FlareNetworks @ripple
👉https://t.co/ICQxJNIr8e pic.twitter.com/608hKfMx8K