Grand Master Jedi
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Snapshot was on 12/12 airdrop 1/1/22. Looking forward to this drop because its part of the SGB ecosystem that creates passive income. Here is a video will some insightful info:
$EXFI Snapshot and Airdrop Details-- with a dash of price speculation:
Nope not yet. The drop is tomorrow. Im not sure how or who the first 20M went to, but to my understanding those eligible are getting there coins tomorrow. Total supply trading will be 40M with I think 20 more million in reserve.
Depends on the project. SOLO is incentivizing people to hold, VGB didn’t, so it will be very interesting to see how SOLO plays out as its holding over $4. VGB is a new ecosystem and is just starting to trade while SOLO is an established and has been trading for years. If it holds above $3 it will be quite substantial for me, even a $1. Who knows how these all play out but its free money so we cant really be upset if we don’t make out large. Songbird is a good play and believe Flare will be even better and feeling good about SOLO. Blue skies ahead.
Looks like u didn’t miss much. The circulating supply was only 1000 which is why the price was so high. Today 20M was added to the supply and is why the price went from $20 to .50. By the time everyone gets the drop tomorrow Ill be surprised if it stays above .20. Thats small potatoes and not worth selling. Total circulating supply will only be 40M which is tiny. Better to hold the 1000 VGB (thats the max you can get from the drop) and wait for price to build back up as its legit project then sell at these levels.
Just checked. Over 7%. Now were talking!
Sorry bro. I know a few others who missed it as well. Make it a habit to check the boards or Twitter about the drops. Next drop is CORE and is will based on ones SOLO which will be distributed monthly over a period of 12-13 months to avoid dumping. Snapshot will be between 12/24-1/1/22.
That snapshot is already done. It was end of November. There was much dialogue on Twitter and on the boards here about it.
I wonder if we’ll get our VGB which is set for the 24th before the SOLO snapshot which is on the 24th as well. It will be interesting to see what happens with VGB price post distribution.
357M is getting up there but its not over bloated yet. With good news this will still move fast. When the O/S shares increase they don’t get into the actual free trading shares right away. The shares held at the DTC has the shares removed from restriction status but not in the actual float yet. Eventually they’ll make there way into the float but not immediately. This is why most of the time the DTC and Float numbers are not the same. Hopefully we’ll get an update soon but Im not holding my breath.
That’s probably a good way to do it as it would be right at the very end of the cycle. Either that way or right before one claims their rewards. Since A-FTSO and FTSO-IT have similar rates leave it be for a week or two so you can gauge the size of the rewards. Thereafter, when you change providers right before the cycle ends you’ll have a good comparison if the rewards are less or the same.
Rates bumped up over 5 points now! A-FTSO is .544 and FTSO-IT is .527. This is a treat. Were going to get nice rewards when this cycle ends. https://flaremetrics.io/ftso
That’s probably why Im never able to change providers at the correct time. Next time I change Im going to do it right before I claim my rewards and see if changes anything. Im sticking w A-FTSO for now until the rate goes down low enough.
Im CST.
The rate from A-FTSO to FTSO-IT is almost the same. A-FTSO is slightly higher (.478 vs .460). I wouldn’t change providers though in the middle of a cycle as I believe theres a timing to this. If you attempt to change in the middle of a cycle theres a chance it may impact your rewards. When Ive changed providers I’ve always done it on Saturday morning after I claim my rewards and seems like every time Ive done it my rewards are down a little at the end of that cycle. Im beginning to think the best time to change providers is right before the rewards are claimed and the new cycle begins.
Ill find out what the actual tax form for gift from foreign entities is and will let you know. If its a form my accountant will know it.
Nice! Its certainly doesn’t hurt to try it this way and the worse that happens is they say no and you need to pay income tax on it. Im going to try this pathway and see what happens. Thanks! https://www.xrptoolkit.com/
Haven’t decided what Im going to do with SOLO yet but like what Im reading about CORE. The change in ratio for SOLO drop was a huge difference as I went to receiving well over 6 figures to 5 and to be honest I prefer how its being handled now. If I received over 6 figures with SOLO with zero incentive to hold Id be screwed with taxes as it would’ve plummeted. Now the ratio is less and there’s incentive to hold which says a lot about the longevity of both projects. In regards to passive income Im committing myself to learn the ins and out of the SGB and FLARE Networks. Yes, its work to learn it, but because its multiple streams of revenue to be collecting I say bring it on. SGB will have 3 pathways with FTSO rewards, staking and minting and Flare will be similar so were talking either 5 or 6 streams of revenue to collect from. Learning this would end up being quite substantial as ones lap top would end becoming a valuable asset.
I would say at this stage if one is set up through XUMM or XRPTOOLKIT (Nano Ledger) for the SOLO drop they should be fine with CORE trust line. This is my assumption right now but Im following them for further details about the drop and the trust line. If anything changes with the trust line or requires action on our part Ill share it here as Im sure others will as well.
Heres the available info for CORE drop: “Coreum Airdrop (100M $CORE) for Sologenic community and SOLO holders”: https://sologenic.medium.com/coreum-airdrop-100m-core-for-sologenic-community-and-solo-holders-d7dc73c9271d
Follow Coreum (link below), which is the official account of the CORE token. The trust line is not established yet and more info on it is coming in January of 2022 but here they state that no action will be required for SOLO holders as the trust line with the Sologenic gateway will be created automatically.
First thing first, let’s start with my tokenomics & how you can have me!
— Coreum (@CoreumOfficial) December 20, 2021
My total supply is only 500M.
I’m NOT for sale but you can have me if you hold $SOLO!
First snapshot: 24th to 31st Dec 2021 at a random time!
Learn more: https://t.co/yOMOnylQxj
(Slide the pictures) pic.twitter.com/ySdGQcSzHS
I most likely did recommend it as I was using that provider. Currently, FTSO-IT reward rate is good as it just got bumped up to .4017 as it was .361 yesterday! A-FTSO rate was bumped up as well as its now at .419. Those two have the highest rates. The rewards at the end of this epoch cycle is going to be nice.
Every time I mention these air drops to friends Im the one who ends up doing it for them as they can’t figure out, lol. I agree these airdrops are getting crazy but these tokens have use cases so there not shit coins like 95% of these other drops that happen. In comparison to the thousands of other airdrops these are being handled different by the development teams and IMO, its something to take note of. That link goes into some details about Coreum’s (CORE) ecosystem and technology. It also states that this is not an ICO or Token Sale, which is good. CORE is an open source project built to be 100% community based, allowing this technology to support extensive future growth in Decentralized Applications (dApps) and DeFi space within the whole blockchain ecosystem. An ecosystem like this certainly wasn’t just created to prevent a massive sell off. This token has real use case. This curve ball changes things and now, one will have to decide to other hold SOLO, convert some into XRP or all of it. The good news though is now that holders are being incentivized to hold, which will help SOLO maintain its value.
I don’t know, lol. A part of me wants to convert some SOLO into XRP for taxes or even all of it, but now that there giving CORE it will help prevent a massive drop post snapshot. Also, CORE looks like a solid token and the distribution will be overtime like XFLR to prevent a sell off of that token. Its wild that all these airdrops have been linked to XRP. Lol! Im on full with these air drops but regardless Ill be digesting more about CORE before 12/24 as that will help me decide what Im going to do post SOLO snapshot. Overall this curve ball is good because no doubt most were going to sell or convert there SOLO post snapshot. I think SOLO would’ve dropped back to .20 if this wasn’t announced. SOLO is an established token thats been trading for years so with that along with CORE theres good chance its going to hold its value post snapshot.
Nice!
The system will take one snapshot at a random day/time, each month for the next 371 days. The first snapshot is scheduled to be taken at a random time between the 24th to 31st of December 2021, which is after the SOLO snapshot on 12/24. A total of 100M CORE will be distributed to those wallet addresses holding SOLO at the time of each snapshot. Trust line will need to be set after snapshot and will need to be set more near the end of January 2022 in order to receive ones CORE tokens. More info is needed on setting up the trust line which hasn’t been released yet. https://sologenic.medium.com/coreum-airdrop-100m-core-for-sologenic-community-and-solo-holders-d7dc73c9271d
The attached link says the system will take one snapshot at a random day/time, each month for the next 371 days. The first snapshot is scheduled to be taken at a random time between the 24th to 31st of December 2021, which is following the SOLO snapshot on 12/24. A total of 100M CORE will be distributed to those wallet addresses holding SOLO at the time of each snapshot. Still waiting on info for the trust line as I believe it will need to be set up through XUMM or Nano. https://sologenic.medium.com/coreum-airdrop-100m-core-for-sologenic-community-and-solo-holders-d7dc73c9271d
Coinbase sucks for not participating but u can still get set up for the SOLO drop. Transfer your XRP to Nano Ledger or XUMM wallet and set up a trust line. Snapshot is on 12/24 and distribution is on 1/20. They changed the ratio. If your XRP position is worth getting set up then do it. It would be the amount of your XRP x .013 = how much SOLO you would get.
Insightful info from Sologenic about the Core Blockchain.
Meet Coreum: A Fast, Interoperable and Scalable Layer-1 Smart Blockchain with Low Transaction Cost. @CoreumOfficial
— Sologenic (@realSologenic) December 20, 2021
Visit: https://t.co/oW8xCmvGOb
Learn more about the 100M $CORE Airdrop for the $SOLO holders: https://t.co/29aFFIlxr3
100% Community Based (NO ICO)
(Part 1/3) pic.twitter.com/VyDrBFIv5U
Indeed. What providers are u using? I use to do two providers but now Im only doing one and using A-FTSO. Currently, A-FTSO & FTSO-IT have the highest reward rate with A-FTSO slightly higher. (.369 vs .361). Those are both good rates.
This happened to me. You must of missed the full epoch cycle. Theres a timing thing with it. When I first did it, it was after the epoch cycle began and when that Saturday came the claim button was still greyed out. No rewards. The following Saturday though I got them. When this new cycle ends next you’ll surely get them. Its even happened to me with unwrapping and re-delegating as well. When I’ve changed providers my rewards are a lot less for the first epoch cycle but the second week there back to normal. I haven’t figured out the timing of it or whens the best time to switch providers, if one wants to do that. Whenever I’ve done it its always been Saturday morning right after Ive claimed my rewards. Apparently that’s probably not the best time to do it. Im still a novice with this but committed to learn more about these networks because of the multiple streams of revenue they offer. Wild!
First Im hearing of this. Its hard to keep up with it all.
The more you know. Im definitely motivated to keep learning about the SGB Network. Im going to check out some of these NFT sites (in video) apart of the SGB. This stuff is wild:
“Songbird NFT Explosion!” (ERC-721 / ERC-1155 Projects)
Yup! Those rewards are a treat. After watching that video and seeing the different earning tactics that will be apart of the Flare Network with SBG were going to head north again. Once people start realizing the passive income potential of FTSO rewards, staking & earning coins (XRP, ALGO & LTC) and minting we’ll make our way up again. Surely but slowly. If all goes well with the launch of the Flare Network in Q1 2022 were going to be in good shape.
Its something to keep an eye but more details are needed to give an honest comparison. Does it challenge only enterprise? What about consumer? Does it do all fiat as I read its doing only 3 or 4. What about Nostro Vostro accounts? How does it do interoperability between systems? There a lot of questions. Ripplenet has a lot of solutions so it would be hard to say how much market share it can take from Ripple. This would be impact Stellar as well. Perhaps more info will continue to come out but this does look like further competition in this space in using blockchain.
If you’re still holding SGB you’re going to want to digest this. In 2022 Im going to learn how to use the Songbird Canary and Flare Network. This is a doorway into passive income that has fallen right into our laps. The opportunity to learn this ecosystem is for the taking SGB, EXFI, XFLR, DFLR, YFLR. Learn it, do it, start collecting!
They say they use a blockchain based settlement system which uses HSBC proprietary technology. I read some suggesting that the blockchain is SWIFT, QNT or others but it looks like HSBC developed its own in house solution. A private blockchain though cannot be decentralized and can’t say at this stage if its an actual threat to Ripple or not. Need to learn more about it but I am curious to know how interoperability has been achieved in between the different systems? https://www.hsbc.com/news-and-media/media-releases/2019/fx-everywhere
A little due diligence goes a long way. The SEC & Ripple have a binding agreement to talk about a settlement for at least an hour two weeks after fact discovery. Looks like fact discovery finishes early January. If there’s a settlement we’ll know by end of January. Seeing that 95% of cases don’t go to trial gives a good chance that settlement reaches during this period. I can’t imagine the SEC wanting to go to trial and want Clayton and Hinnman up on the stand. No way.
Ive been pondering the possibility of a new class being created called crypto securities. It’s plausible because XRP can’t become a security of Ripple, that’s impossible, as Ripple is a private company with its own shares. Its impossible to merge XRP and Ripple private shares into one. Ripple shares can actually be bought through Linqto right now so the idea that they’ll possibly merge into one is impractical. Also, not sure how digital assets like XRP can be classified as a stock security like Apple or Ford and trade on Etrade or TdAmeritrade. So the possible scenario I see happening is that Ripple beats the SEC or a new class is created for digital assets like XRP. Either way this won’t be the end of XRP and once this gets settled faces are going to melt of what happens to the price of XRP.
No need for XRP? Yeah, Stellar and XLM will be the one ring to rule them all. Whatever u say. From day one you’ve always had some kind of strange infatuation against Ripple and XRP. No dialogue is ever constructive. You clearly have no idea whats being built on the XRPL as there are hundred projects not to mention the XRPL grant program and the side chains being built. We’ll see how this story ends. Good evening.
Interesting video. I wasn’t aware that the SEC and Ripple have a binding agreement to talk about a settlement for at least an hour two weeks after fact discovery. It makes sense for this to happen after discovery is complete and both sides have settled. No way will the SEC want to go to trial as it would expose them even more. Ripple has stated that they wont settle without getting clarity. This is why some think the lawsuit may end up becoming the best thing to ever happen to XRP. We’ll know soon enough.
I was not even aware of that. The SEC and Ripple have a binding agreement to talk about a settlement for at least an hour two weeks after fact discovery. pic.twitter.com/toWei3TKhg
— Mr. Huber🔥🦅🔥 (@Leerzeit) December 14, 2021
NEWS FLASH: No crypto is safe from the SEC except BTC and ETH and even now because of the Ripple case the SEC is trying to walk back statements made about BTC and ETH. The Ripple case will most certainly set precedent and the idea that you think Stellar is untouchable is naive. Everyone should be rooting for Ripple to win because the SEC has made it crystal clear that they intend to regulate the crypto market through enforcement. Yeah, thats not a good thing as other companies don’t have a war chest like Ripple to fight the SEC with. Enforced regulation is not healthy for the market and would stifle innovation and drive it overseas. Not sure why anyone would want to support regulation by enforcement. Nope.
Who Will Protect Investors From The SEC? https://www.forbes.com/sites/roslynlayton/2021/12/05/who-will-protect-investors-from-the-sec/