Grand Master Jedi
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Exactly, whose got time to scroll down and check everything other then a few previous posts. Yes, most boards are sad but we numbskulls seem to be using it for it’s intended purpose, lol!!
I appreciate you sharing that as I know for sure now that Im set for the VGB drop. I got a green check that says “We got your data captured.” Thank you!
I didn’t know I can check. Will check now.
That’s interesting. Feel like I want to send that email again now but still don’t want to put my email in it because I don’t want my name identified with my wallet address. Maybe Im being to cautious but Ive heard of to many hacker stories to start being careless now.
No, snapshot is on 12/12 and is based on your Songbird position. For every 235 Songbird you’ll get one ExFi. Bifrost is participating in the drop. Im pretty sure all you need to do is have your Songbird, wrapped or unwrapped, in your Bifrost wallet on 12/12 and you’ll get your ExFI dropped in your wallet.
Im hearing you. Dang it was $36 literally two hours ago. If it dropped that much in two hours what happens to the price after the airdrop??
When I filled out that form I just put in my XRP Nano Wallet address but didn’t put it in my email. I didn’t want to put it as all that was needed to set up trustline from XRPTOOLKIT to that form was my XRP Nano Wallet address. Did u get something emailed to you?
I use Nano Wallet instead of XUMM and going to get on Dex and see if the have SOLO/XRP trading pair. Id be shocked if they didn’t.
What do you mean app date?
Nice...thanks for posting this. Glad I don’t need to worry about Flare or SOLO till next year. Looks like Songbird, Vagabond, and ExFi are the ones that happen this year.
Im exasperated with thinking about. the taxes. If it does drop and were all stuck holding high tax implications Im not selling s***. lll attorney up, and will plead ignorance and will agree to pay as cheap as possible payments. No way will I give a large sum to these damn criminals.
Vagabond (VGB) live coin price, charts, markets & liquidity
https://www.livecoinwatch.com/price/Vagabond-VGB
This is true. Im getting a significant amount of SOLO so swapping it for XRP is tempting. I haven’t checked DEX yet, but would assume theres a SOLO/XRP trading pair to swap? Unless theres any incentive to hold SOLO post airdrop this is going to be nuts.
I just checked Vagabond price and its over $36.00? I had no idea it traded that high. No wonder why its capped at 1,000 tokens. Well, thats a nice potential gain of $36k. I need to find out if there incentivizing people to hold SOLO or VGB because if not, whats going to stop everyone from selling? This is why the Songbird drop turned out okay as a good amount of people chose the passive income route instead of selling.
Haven’t decided yet but I do know that its a legit project with a good team so I wouldn’t say the long term looks bad right now but since you bring this up Im going to look further into the fundamentals.
Yes, my trustline for Vagabond drop is locked and loaded. I have no plans to swap XRP for the drops that are happening.
Yes!
Sologenic (SOLO) Airdrop Guidelines & FAQ – Sologenic Blog
https://blog.sologenic.org/2021/11/05/sologenic-solo-airdrop-guidelines-faq/
Although I know Nexo I haven’t used their platform yet. On this board MindlessSelf is the one I know who uses Nexo. Im definitely planning on staking my XRP but Im not doing so at the moment. I want my XRP free and clear right now but when we breakout into the stratosphere Ill be more inclined to sit back and start staking my bag.
Yes, buying SOLO is a better exchange rate and read that some are doing this, which is why the price has been going up. Im not working that angle due to the amount of SOLO Ill be getting. Now swapping out your XRP for more SOLO for the snapshot to increase your XRP bag could work. Is it a risk though? Of course it is, so you’ll need to double check all the angles of the drop. Don’t forget that theres a cap of 400M SOLO being distributed; 200M to SOLO holders & 200M to XRP holders. SOLO holders will get the better exchange rate but don’t forget the distribution is capped at 200M. If more then anticipated SOLO holders are setting up trustlines what happens in that scenario? Will SOLO holders get less and how would it impact the ratio? I would think the ratio stays the same but the quantity of what everyone will get would be less so look into that. Also, if the SOLO price ends up pulling back the equivalent of the swap back to XRP could end up being less then what you had so be careful. If you do it quickly enough though it could work well. You just never know what can happen...always expect the unexpected. For example, when I swapped my XRP for XLM during the week the suit was filed I was able to get more XRP when I converted it back. The problem though was I only did a small portion of my bag. Thereafter I felt confident enough and sent my whole bag to Uphold to convert all of it to XLM and wait for the XRP price to settle and thereafter convert it back. The problem though was that Uphold froze my flipping bag and I couldn’t access it until I confirmed who I was in multiple ways, which took a few days. By the time my bag was unfrozen XRP dropped from the high .40’s to low .20’s and the Stellar price blew up because of the news they put out in working with a central bank in Ukraine. They went from .13 to high .40’s. I got nauseous when I calculated how much more XRP I would’ve got for just a few day hold of XLM. When Uphold finally approved my transaction I sent them a scathing email and broke down the numbers I lost out on because of what they did. Their reply was that they were very sorry but there rules were put in place for a reason as they were new KYC laws. It took me a few days to get over it but thats how the cookie crumbles sometimes so always expect the unexpected.
Thumbs up!
XRDOGE:
Matter of time before XRDOGE is in penny land! #HODL #XRDOGE #XRP pic.twitter.com/7Ftw6VpZrL
— Lion of Judah (@LibertyMutual8) November 26, 2021
Yup!
You can either buy through the XUMM wallet or the Nano Ledger, which ap17 knows the logistics of buying through XUMM much better than I, but whichever pathway you use you’ll need to use the Sologenic Dex exchange to do so. Dex lets you swap XRP for XRDOGE. In using the Nano Ledger you’ll need to buy XRP first which you can do on the Uphold Exchange. After you buy XRP you’ll need to send it to your Nano Ledger. Once XRP is on your Ledger you’ll need to connect it to Dex. Thereafter, look for the XRP/XRDOGE trading pair. Once there it will let you swap your XRP for XRDOGE as either a market or limit order. I aways do the swap as a limit order. It sounds complicated but its not difficult. Jump through the hoops now to get on the ground floor before as its widely available like DOGE and SHIBA. https://sologenic.org/?network=mainnet
Thumbs up
Nice! I want to get more familiar with the XUMM wallet especially now that I bought the XUMM tangem card. I should get it in a few weeks. I downloaded it and have it ready to go but haven’t started really using it yet.
Oh using the wallet...at this stage not that Im aware of. Only wallet Im aware of is using XRP on ones XUMM or Nano Wallet to swamp for XRDOGE on Dex.
I converted the USDT I had and some USD for XRP on Uphold. Thereafter I used that XRP to get XRDOGE on Dex. I used some XRP I bought a while back as well but in regards to using USD the Uphold pathway would work.
Yes, really liking that platform. Its slick.
Nice! Scopped up 30M XRDOGE with an average of .00067. If she pulls back to .0006 or in the .0005’s again Ill be scooping up another 20M.
Good to know. The best part of jumping through all these hoops is being on the ground floor. XRDOGE has all the makings to trade at DOGE levels. $$$$$$$
$XRP $XRDOGE
Why?? Because we’ve been dialoguing about buying XRDOGE as we both got blocked from Bitrue. If you figured out another pathway through XUMM then great. XUMM and XRPTOOLKIT are the same mediums and both work good. To those wanting to buy XRDOGE can do so from a Nano Ledger Wallet through the XRPTOOLKIT and onto Sologenic Dex.
I ran out of posts early yesterday. I did get all my XRDOGE off of Bitrue and bought my bag back through the Sologenic Dex using my Nano Ledger. I now have a trust line set up through the XRPTOOLKIT. To purchase XRDOGE through Dex you need to connect your Nano Ledger wallet to it and from there it will allow u to swap XRP for XRDOGE. After I swapped a small amount to test it out my XRDOGE appeared on my XRPTOOLKIT as an asset. It was only 15,000 XRDOGE and said my limit was reached and with my Nano Wallet connected to Dex I edited the XRDOGE limit to 50M and when I saved the edit my Nano Ledger asked me to sign the transaction to set up a trust line. After this XRDOGE was active as one of my assets on the XRPTOOLKIT and thereafter I began scooping up the original bag of 10M I had on Bitrue. To get my XRDOGE off of Bitrue I converted it to USDT and sent it to Uphold and purchased XRP and then sent that XRP to my Nano Ledger where I got my XRDOGE back through Dex. I lost some money in fees through the process but made it back as I sold my XRDOGE at .00082 and got it back at .00071. Ill be watching XRDOGE as I want to scoop up another 10M or more. If you connect your Ledger to Dex look for the trading pair XRP/XRDOGE and it will let you swap XRP for XRDOGE.
Oh snap. I read you needed a card to do this. Im going to follow your steps and get my XRDOGE on XUMM!
I would think sending XRP from Uphold to XUMM would be a sound pathway.
Im right there with you! I want to double my bag and will do so but still bitter about missing out at .00045 level but oh well. At .01 Im not going to give a hoot about that.
The XRDOGE I swapped on Dex for some XRP is showing up on my XRPTOOLKIT. Interesting. Im going to want all my XRDOGE stored like this. Perhaps I can sell my XRDOGE on Bitrue and send that USDT to Uphold and buy that XRP back and then transfer that XRP back to my Nano and swap that to get my XRDOGE. Need to think it thru as I would like to get my XRDOGE off of Bitrue and stored how it is now. Need to look into this more as Im thinking out loud.
This is insightful. Thank you for sending this!
This is a lengthy crypto TAX Q and A from IRS. It looks like the IRS’s full position on cryptos. If I say nothing about the drops and one day the IRS does inquire of me to do a probe do you think they could charge penalties for not reporting the drops? Let say one doesn’t reveal information about them but is collecting passive income from Songbird and Flare by selling the rewards would you report that as income or captial gain or still not report that either?
Interesting. Perhaps saying yes to question but not saying anything about the drops and if or whenever Uncle Sam comes by one day to look up my skirt I say okay lets figure it out. I need to bounce that off my CPA and get his feedback to answering yes of course to the question but why voluntarily reveal the drops when there’s not a clear understanding to the tax implications? It just makes me little uneasy not to reveal it but if theres wisdom in not doing so then Ill have peace about it.
I saw it yesterday when I was playing around with it. I already set my trustlines up on XRPTOOLKIT. Although the ELS snapshot I set that up as well. After I confirmed ELS it said failed to connect to network but now says the trustline is active. Im pretty sure I won’t get the coins when distribution happens but it’s worth a shot.
Oh okay. We’ll if u buy XRP on Uphold and transfer it to your Nano Wallet you’ll be able to connect your Nano wallet to Dex and can swap your XRP for XRDOGE. I already keep my XRP on my Nano so I connected to it yesterday and believe it automatically took the 10-15 XRP to set up connection.
I think its 10-15 XRP to get connected to Dex. You need to just connect your Nano Wallet to it and believe it automatically does it. If you ever want to end up storing your XRDOGE you can do so on XUMM wallet but will need the XUMM Tangem wallet as well. Im just ordered a card last night and getting positioned to do so. Here’s link to XUMM Tangem card if u want to check it out: XUMM+Tangem card(s): https://xrpl-labs.com/tangem/pricing