Grand Master Jedi
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Yes, its a reminder of what will happen here one day with the price. I do believe some of what’s happening is a distraction as XRP is a part of a much bigger plan. I was reminded of this earlier today when I saw a picture of Garlinghouse with someone and was curious to know if he was married or not. This led me down a path into some further details. He is married with three children and his wife’s name is Kristen Elizabeth Mautner. Mrs. Garlinghouse is the daughter of Hans Mautner. Whose Hans? Hans sits on the board of BNY Mellon of New York. The two largest shareholders in BNY Mellon are Berkshire Hathaway and the Vanguard Group. If you know Vanguard then you know who owns it, and these people don’t like being in the spotlight, but of course they cannot stop people from digging. The Vanguard Group is owned by the Rothschild Corporation. I won’t get started on this family but they’re globalists who are apart of what’s unfolding right now. Whenever I come across info like this Im reminded about what Im invested in here, which will be a part of a new system of control. Not sure how this all plays out in the future but I don’t believe capitalism will flourish.
Its about time...news on the horizon this month. Once it hits will blow right past $3.00
XRP being delisted from the Newton Exchange will not have an impact on trading for XRP still trades on over 100 exchanges world wide.
January 1, 2022
Thats a lot of XRP: “XRP is trading at $0.81 at time of writing, indicating that smart money whales now hold over $2.66 billion worth of XRP.”
Haven’t seen those comments but statements like that can make the market uneasy. Also, theres a new class action lawsuit that was filled against Tether in the U.S. District Court for the Southern District of New York. https://dockets.justia.com/docket/new-york/nysdce/1:2021cv10613/571658
I don’t know as the whole market is bleeding, not just XRP. People are getting spooked. I haven’t been following the technicals but Im surprised were at .77. We would need to breakthrough a lot of support to fall back into the .50’s. Unless something crazy happens I don’t see the price falling that low.
FLARE/SGB AIRDROPS: There seems to be some misunderstanding of what’s happening here with these airdrops and therefore some are missing the purpose to what the Flare Network is and what it will do. One of the main reasons for developing the Flare Network is to enable smart contracts for XRP, which will no doubt lead to more use cases for XRP. Brad Garlinghouse stated sometime back that Ripple is going to drive massive demand for XRP because they are solving a trillion dollar problem and the Flare Network is apart of that promise. The reason Ripple funded the Flare Network through the Xspring initiative is for XRP adoption. Anything that intelligently boosters XRP adoption is not bad for XRP, but very good for it! Smart contracts, loans and much more that will be utilized through the Flare Network uses the utility of XRP, which is why its so fast and so cheap. This drives XRP adoption. How ETH uses BTC is how the Flare Network will use XRP. The speed and cost of a smart contract through the ETH network, which uses BTC, in comparison to a smart contract through the Flare Network, which uses XRP, is day and night. This is why I believe one of the reasons Ripple is being sued by the SEC is to try and slow them down because Ripple is a threat to the ETH ecosystem. Its no coincidence that ETH foundation gets to build out ETH 2.0, which challenges Ripple, care free from the SEC, while Ripple gets sued by them. This is what Garlinghouse means when he says the SEC is picking winners and losers. Regardless, in the end I don’t believe it will be one coin to rule them all, but what the SEC is doing is criminal and thankfully they are being exposed through the lawsuit.
A lot of time and money has been put into the Flare Network that will drive XRP adoption on a whole new level. This is the main reason behind the launch of the Songbird Canary Network. To assure that the Flare Network will be a wild success the Songbird Network was created as a test net to work out all the bugs. Has anyone ever thought what EXFI stands for? Experimental Finance...its all a test and we the ones using it are the test subjects so Flare in conjunction with Ripples C++ development team can work out all the bugs. What they’re doing is very smart so when the Flare Network goes live it can almost guarantee success. So, should one participate in the airdrops? Yes, because its good for XRP for the successful launch of the Flare Network and those who participate are making $$$$ because these drops have value. Some other projects have done these test nets before and when they work the test network continues to function because people continue to use them so if the test is successful the test network doesn’t become obsolete. Anyhow, these airdrops are incentives for XRP holders and see ZERO reason not to take advantage of them. Its kinda like telling At&t that you don’t want your quarterly dividends because it dilutes the stock. If you hold XRP then I say take advantage of the incentives that are being offered. Good day and go XRP!
Flare will launch next year if it passes testing on Songbird🐦$sgb $flr pic.twitter.com/XFcguZJiFv
— XRP_Cro 🔥 AI / Gaming / DePIN (@stedas) December 11, 2021
If all goes well with the test network Flare will drop in 2Q 2022 and whats being traded on Bitrue is FLR the IOU not the actual XFLR. XFLR will not actually trade until post distribution.
Because the Songbird Network is a test net for the Flare Network and when completed it will cross over into the Flare Network which uses the utility of XRP for smart contracts, loans and much more. The biggest test for the SGB network happens in Q1 2022 and if all goes well then Flare Network is going live which is going to drive XRP adoption on a whole new level.
Starting to like that dude. If we get EXFI in the beginning of 2022 then we don’t have to worry about taxes until 2023 so Im good with that. Im picking up more on how this test net (Songbird Canary Network) for the Flare Network is working. The EXFI coin would be like the YFLR coin within the Flare Network. Learning to work this system is going to $$ pay $$. The only aspect to this test network that I have not stepped into yet is FlareFarming where you use your SGB to mint CAND (Canary Dollars) that can earn you DFLR. Flare has allocated a total of 4M DFLR that can be earned through the FlareFarming process and many are taking advantage of it. DFLR is an IOU to getting YFLR which will be a valuable coin. Other then earning DFLR through FlareFarm the only way to get them is through the DFLR airdrop. That drop will happen 7-10 days after the XFLR drop (Spark) and thereafter everyone will have 30 days to take their DFLR coins (IOU’s) and exchange them for YFLR. The ratio is: 172 XFLR = 1 DFLR and 1 DFLR = 1 YFLR.
Did you figure it out and are u ready for the drop?
Looks like tomorrow. I clearly remember it being the 12th,
I only used MetaMask to get my Songbird and then I sent it to Bifrost but I remember I had to add the network for Songbird to have it on my wallet. Stedas supplied the code/numbers from the instructions that came from Flare. Perhaps you can find the instructions on Twitter to make sure your set up correctly to receive the EXFI. If you can’t figure it or not sure you’ll get it create a Bifrost wallet and send your SGB there. If your on west coast the drop is in one hour and at 1 o’clock for east coast.
No, you just need to have your SGB in Bifrost wallet or other participating wallets or exchanges. After seeing what some of these exchanges are doing I would never want to depend on an exchange. Heres link to image for drop:
Are you holding #Songbird $SGB?
— Flare Utility ☀️ (@FlareUtility) November 14, 2021
If you are, you are eligible for the @FlareFinance $EXFI airdrop.
What you need to know - look below.
Credit @stedas pic.twitter.com/MihGAtdFJN
Looks like EXFI drop happening at 10AM for west coast USA and 1 o’clock for east coast.
@FlareFinance snapshot of your $SGB and $wSGB Sunday 1pm EST Airdrop Date-DEC 13th for songbird native $ExFi tokens. #ExFi will have multiple utility functions on Songbird Finance DeFi Dapps, including the governance staking pool. pic.twitter.com/IFgzMs8RXl
— Mickey_B_Fresh☀️🪝 (@MrFreshTime) December 12, 2021
It will most likely will drop back after EXFI drop. Wonder when we get the tokens.
Haven’t tried before. Dshade on this board did it. Give Sologenic Dex a try. You can connect your Nano wallet right to it. https://sologenic.org/?network=mainnet
Stop procrastinating and get your Songbird wrapped and delegated and collecting rewards. Next get ready for the SOLO snapshot happening on 12/24. For every 5 XRP you’ll get one SOLO. Trust line for the SOLO drop can be set up through XRPTOOLKIT or XUMM. A trust line is required in order to get the airdropped token. Theres a lot coming down the pipeline with the Songbird and Flare Network (EXFI, SFLR, SFIN, XFLR, DFLR, YFLR). It will pay to pay attention and do whatever you need to do to get set up for these incentives. Never in a million years did I think incentives like this were going to come from holding XRP.
In regards to the EXFI drop which is tomorrow...well its actually almost tomorrow. Swapping your XRP for more SGB just for the EXFI drop and then swapping that SGB to get your XRP right back is exactly what dshade is doing. I mean its a swap for one day in order to take advantage to get some extra EXFI. Nothing wrong with building your bag plus you’ll be able to earn passive income from EXFI. I personally haven’t been motivated enough to make a move like that as Im content with the positions Ive received from each drop. God Speed!
I don’t know what you’re talking about Chief as I haven’t sold one XRP. Its not my problem that you don’t want to figure out how to receive the incentives that come with holding XRP! When they’re incentivizing XRP holders with these kinds of drops from ‘new networks’ (<~~plural) that can create passive income u better believe Im game. Psshh, you crazy not to take advantage of these incentives. Don’t hate the player, hate the game! Either that, or go and, learn it, or ask the board as everyone here has been willing to help one another. SOLO drop is happening on 12/24 which is based on ones XRP holdings (<~~~INCENTIVES). For every 5 XRP you hold you’ll get 1 SOLO, which is currently trading at $4.47. If not...then ok, suit yourself.
Now in regards to Dshade. He swapped his XRP out for SGB in order to get more EXFI for the airdrop tomorrow, and my guess is he’s going to swap his XRP back for the SOLO snapshot on 12/24. Nothing wrong with that.
Nice! Now that there wrapped your going to want to delegate them. You can choose either one or two providers. The epoch cycle, which calculates the rewards, starts and ends every Saturday. For this cycle I chose FTSO-IT whose giving the highest percentage for rewards right now. I usually do two providers but this week Im doing only one to see what my rewards will look like. Heres a link for a list and a how to video below. Also, now that your Songbird is in Bifrost your going to get the EXFI token which drops tomorrow. From there and through the EXFI platform you’ll be able to earn two new coins (SFLR & SFIN) to sell for passive income. You dropped your Songbird into Bifrost just in time for the airdrop tomorrow. Divine timing!
Flare Metrics Provider List:
https://flaremetrics.io/ftso
Wrap & Delegate Songbird:
150k is a good amount. Ill guess $500 in rewards a week, give or take. Keep in mind that there will be two coins (SFLR & SFIN) that we’ll be able to earn through the EXFI platform. Still learning about it but selling earned coins will create more passive income. I unwrapped and rewrapped my SGB shortly after I claimed my rewards. I went 100% with FTSO-IT to see if Ill end up getting more rewards or not. Now Im wondering if I unwrap and rewrap my SGB shortly after the epoch cycle begins if it will impact my rewards negatively for the week. If so, I need to find out how one can unwrap and rewrap their SGB without impacting rewards.
I hope its just a glitch and that your getting it as mine says, “We have recieved your data and will review your account.” If you see your data on the XRPL trust line then I would have no idea how its not saying your data has been received through the Vagabond Eligibility Link: https://vagabondapp.io/review
Although VGB is suppose to be a good drop getting all the streams of revenue pathways set up through the Songbird Canary Network and the Flare Network is the most important. All of it together is a huge passive income generator. Songbird has SGB, EXFI & now Im learning about how you’ll be able to earn SFLR and SFIN thru the EXFI platform. The Flare Network will have XFLR & DFLR, which will be the pathway in getting YFLR. I think YFLR will be a valuable coin as it is a Flare Finance coin that has over 10 use cases.
Whoever has their claimed XFLR (Spark/Flare) and doesn’t need to depend on an exchange and has also received their SGB should follow the Songbird Network and the Flare Network very closely. Some exchanges though are now participating which is great news! Both of these networks will be huge passive income generators. If your SGB is in the Bifrost wallet you’ll automatically get EXFI dropped into your designated wallet on Bifrost. Follow closely what comes after the EXFI drop as you’ll be eligible to earn SFLR & SFIN, which I still need to learn about.
PS: Im going to run out of posts soon.
SGB, EXFI, SFLR, SFIN, XFLR, DFLR, YFLR and XRP!
Vagabond Eligibility Link
https://vagabondapp.io/review
Ill look for it on Twitter as I don’t have FB. If it shows ones order on the XRPL trust line then I would say your good but Ill look for what your saying https://trustlines.xrplstatus.com/
The Vagabond tool below was only used to get trust line verified. The first or second day following the snapshot all this data was deleted. https://vagabondapp.io/airdrop
If it shows you have your order being filled at XRPL Trustline Status under Vagabond trust line then your good: https://trustlines.xrplstatus.com/
Are u talking about the form we initially filled out or the trust line link I just sent you? If its the form we had to fill out to get the drop that data was erased the moment Vagabond verified your form with your wallet. As long as its showing you’re registered on the trust line link below. Mine says #53420/127809. If you have this data on the Vagabond trust line then you’re good. https://trustlines.xrplstatus.com/
This is more comfortable. Im still getting a lot but its much more comfortable then what I was going to get.
In regards to making big moves in buying SGB for rewards wait and see how the EXFI rewards will work out as well. No doubt though that the SGB rewards are so easy to collect. Also, keep in mind the rewards we’ll be able to get with XFLR, DFLR & YFLR. The DFLR token will only be used though to get YFLR. Every 235 XFLR we’ll be getting 1 DFLR and thereafter we’ll have 30 days to swap all our DFLR to get YFLR. Im looking forward to learning more and getting all these pathways set up.
I received 1665 SGB ($815) this morning for rewards. This is crazy and to think theres more revenue streams for passive income coming with EXFI and then with the Flare Network thereafter. What a ride!
Is there another tool then this? https://trustlines.xrplstatus.com/
That was nuts as I thought I missed out on DFLR. I was seeing a lot of people talking about FlareLoans, FlareFarming, minting CAND and earning DFLR and thought I missed the DFLR drop. As of now earning DFLR is possible through FlareFarming but the actual DFLR drop has not happened yet. It looks like were not getting DFLR until 7-10 days after we get our XFLR tokens (Spark/Flare), and in receiving DFLR, will be similar to how we’re getting our EXFI. Everyone should note that after we get DFLR we’ll have 30 days to swap it for YFLR. If one misses that window to swap DFLR for YFLR then you’ll miss out. After 30 days all DFLR will be burned so everyone needs to be on their toes when this happens. YFLR has like 10 use cases so don’t miss out on getting them.
Im so going to be committing some time this coming week to begin learning more about the Songbird Canary Network and the Flare Network with FlareLoans, FlareFinance, FlareFarming, Minting CAND (Canary) and more. This ecosystem is nuts and reveals many different pathways to earning rewards. Insane.
To be honest it may be better to do just one who has the highest rewards. Keep in mind that if your getting XFLR (Spark) then you’ll have more pathways to get passive income. The Flare Network will have the same set up as the Songbird Canary Network as its a test net for the Flare Network, in which SGB tokens are being used to launch and test the network. Were basically going to have two networks that we can collect rewards with that work with one another. If u have SGB and claimed Flare then I would invest some time into understanding both networks and making sure you’re getting all the airdrops. Thats what I started doing this evening and would say its a good idea to focus on that first. To my understanding the Flare Network reward system will be XFLR (Spark) and DFLR, which leads to YFLR, and more will come through YFLR. The Songbird Canary Network has SGB and EXFI but learning now that u can start getting set up for DFLR in using SGB. This is a lot as Im learning that Im behind the eight ball on some of this now and starting to really comb thru it to see what I’ve missed. Hopefully with whatever I missed with Flare Lons, Flare Farms and Canary (CAND) I can still participate. Also, Flare Finance stated that the EXFI platform will feature SFLR and SFIN and provide governance, risk coverage, and yield mining post snapshot. My heads spinning with all these different tokens. Im also reading that one can utilize SGB to mint CAND via FlareLoans and provide liquidity to the SGB/CAND pair in FlareX and stake that liquidity in FlareFarm to earn some early DFLR rewards. This is so much that Im going off online to start researching this and will be back once I understand whats going with all these pathways. Hopefully with my SGB and claimed Flare I can still participate in all of it. Here is some info if u want to start digging.
https://cryptotimeless.com/2021/12/06/dflr-yflr-explained-use-cases-how-to-get-them-airdrops-flare-finance-exfi-v2/
____________
Flare Finance Version 2 Launch:
The following assets will be supported from launch for #ExFi on #FlareX, #FlareFarm, and #FlareLoans:$SGB, $DFLR, and $CAND
— Ēnosys (@enosys_global) September 19, 2021
Come main network launch, the #ExFi platform will feature $SFLR and $SFIN and provide governance, risk coverage, and yield mining post-snapshot.
Im not sure how much it would be for 1000 but would do the math according to the percentage that the providers are offering. The highest looks to be almost 1% so for 1000 Songbird it wouldn’t be too much. Like anything, those with larger positions can take more advantage of the reward system. If one holds 100k Songbird thats worth 50k dollars they can expect to collect $400-$500 a week. Now if that 100k drops in value Im not sure if the rewards decrease or not. I haven’t tried to figure that out yet but my rewards have differed from week to week and sometimes quite significantly.
The rewards (epoch) cycle is paid out once a week on Saturday. Its two steps. First you wrap your SGB and thereafter you delegate them. When u goto delegate them there’ll be a list of providers to choose from and you can choose one or you can choose two. The percentage of interest they pay to you in SGB fluctuates so thats why every week when u claim your rewards check out the percentages that the providers are paying. Ive been changing providers every two weeks typically but this cycle Im going onto a third week. If my rewards are down tomorrow when I claim them Im definitely changing. Currently I have FTSO IT (80% of my bag delegated to them) and AlphaOracle who has the other 20%. Heres the list of providers and the current percentages there paying: https://flaremetrics.io/ftso
Exactly. Leaving a little Songbird unwrapped to pay for gas fees (wrapping, unwrapping & delegating) is all thats needed. I usually leave 50 SGB unwrapped but that much isn’t needed. Im sure twenty is more then enough as it doesn’t cost much unlike ETH ridiculous gas fees.
Ive never tried to using Bifrost on my lap top as I only downloaded Metamask on my computer. After I got things set up on Metamask to get my SGB I sent them to the Bifrost wallet on my phone and have been letting my rewards compound there to get as much EXFI as I can for the 12/12 drop. The moment I got my SGB on Bifrost I wrapped them right away so I can start collecting rewards.
PS: If I stop responding its cause Im out of posts.
Awesome!! After you get them you can move them to the Bifrost wallet and start collecting weekly rewards. I know Nexo has something similar but Im not familiar with that platform. I remember reading somewhere that EXFI will have a pathway for rewards as well. I have to double check but remember it being like how DFLR token will be. If SGB is the test net for XFLR then EXFI is for DFLR as both of those tokens will produce rewards once we all get them. We got multiple pathways for rewards thru SGB network and Flare Network.
Careful with speaking in absolutes as it can be a few things. It can be speculation or even a bull trap which I don’t think it is or yes, it absolutely can be someone spilling the beans behind the scenes. Im guessing its speculation mixed with anticipation right now for if its a gusher then goodnight Irene! Let the games begin.
So you have your SGB in Bifrost now and had XRP on Nexo on whatever date there saying? If yes your going to get EXFI dropped in Bifrost and will get SGB and EXFI dropped on Nexo.
SGB airdrop already happened so no trust line can be set up. Only way someone can get EXFI now is if they already have SGB. Since Nexo decided to participate in the EXFI airdrop they’re sending out the Songbird tokens at the same time as EXFI. Im not sure though if they got SGB from when the airdrop happened and were just sitting on them as that part is unclear but however they obtained them it looks like there sending those out with EXFI on 12/12.