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I stand corrected, they can sell the XRP, but need to keep the Flare until it goes through their 2 step completion if they want the receive Spark and $DFLR.
First Flare snapshot 12/12 is recorded on the XRP ledger.
Your post link:
1 month after the main network launch of the #FlareNetwork, #FlareFinance will snapshot all balances of those who hold $FLR. 7-10 days after our snapshot, you will be proud owners of both $FLR (Spark) and $DFLR (DAOFlare)
Didn't you read the posts that anyone that sold XRP after 12/12 is disqualified from receiving Flare. Billions lost their free Flare. What's left to the hodlers will go up fast (I expect). It should slow down selling too when word gets around.
What will the Flare Finance ecosystem offer?
As reported by CNF, Flare Finance aims to provide the fastest and most cost-effective DeFi experience for XRP/FLR users by leveraging the superior architecture of the Flare Network and XRP Ledger. The protocol will implement 6 products with different use cases.
These include a distributed exchange called FlareX, and a governance platform, FlareFarm, which will enable yield farming. There will also be a platform for lending and borrowing (FlareLoans), a stablecoin (FlareUSD), a diversified risk-based investment fund (FlareMutual) and liquidity mining (FlareMine).
https://www.crypto-news-flash.com/ripple-xrp-flare-networks-first-defi-project-announces-airdrop-for-january/
Sorry .. copied wrong volumes. (Not XRP)
Apparently, the quick flippers that bought XRP merely to get included in the airdrop and then sold their XRP just excluded themselves from getting Flare.
MindlessSelf, It appears as though the first two steps will be automatic for all those who hodl their Flare for 7-10 days after the snapshot and through receiving the $DFLRs.
I'm not sure what the "can be exchanged on the platform" (red) means.
"1 month after the main network launch of the #FlareNetwork, #FlareFinance will snapshot all balances of those who hold $FLR. 7-10 days after our snapshot, you will be proud owners of both $FLR (Spark) and $DFLR (DAOFlare)..."
"But wait, you must go one step further to begin interacting with the Flare Finance ecosystem. The last step is to swap your $DFLR for $YFLR (YieldFlare), the official token of the Flare Finance Ecosystem. Once swapped, endless potential awaits."
All owners of FLRs,(above), with the exception of the official addresses of the Flare Foundation, will receive a proportional amount of 40 million DFLRs (DAO Flares), which can be exchanged on the platform into YFLRs. The time period for the swap will be only 7 days. On the 7th day all unused YFLRs will be burned or moved to the reserve pool.
Path:
$FLR--->Spark and $DFLR--->$YFLR
9 Cryptos Set to Explode in 2021
"I’m going to be blunt with you. Most likely, the newcomers to the crypto space don’t give a rat’s behind about the fundamentals of the blockchain tokens they acquire. Instead, they only care about making a quick buck. However, Chainlink is an interesting case because it solves an infrastructural challenge with mainstream blockchain adoption.
According to Chainlink’s website, the distributed public ledger has an “oracle” problem. Basically, “blockchains cannot pull in data from or push data out to any external system as a built-in functionality. As such, blockchains are isolated networks very akin to a computer with no Internet connection.” Long story short, Chainlink aims to serve as a connectivity platform, exponentially improving the usability of blockchain applications."
https://investorplace.com/2020/12/9-crypto-assets-set-to-expode-in-2021/
Ripple Plans to Leverage Payments Platforms and XRP Ledger for Delivery of Central Bank Digital Currencies
Ripple is actively planning on offering central banks a toolset that will enable them to implement various forms of central bank digital currencies (CBDCs), according to Ross Edwards, the company’s global head of client solutions.
In a recent Ripple presentation, Edwards highlights the company’s suite of cross-border payment products and enterprise solutions for financial institutions, and he says the company plans to take those developments into the public sector world.
https://dailyhodl.com/2020/12/15/ripple-plans-to-leverage-payments-platforms-and-xrp-ledger-for-delivery-of-central-bank-digital-currencies/
Where do you think ETH will be in late 2021 when XRP/Spark smart contracts are in play? They'll have competition for a change.
A GUIDE TO BUILD OWN DECENTRALIZED LENDING AND BORROWING WITH DEFI PROTOCOLS
https://www.cryptoexchangescript.com/defi-lending-borrowing-platform-development
XRP, probably before the end of 2021, should surpass ETH by a large margin.
Here's why:
When a user decides to transfer funds to somebody else, ETH can do this in approximately 16 seconds.
When a user sends XRP coins to another person, it takes on average 4 seconds.
ETH transaction fees average $1 - $4.
XRP transaction fee is a standard fee of 0.00001 XRP.
ETH can only process about 20 transactions per second.
XRP can process 1500 transactions per second.
Why pay over 1100 times more for a blockchain crypto that's less efficient and slower? This will become more obvious with high volume DeFi transactions.
DeFi loans explained in less than 3 minutes.
DeFi loans are one of the fastest-growing parts of the cryptocurrency ecosystem. They allow crypto holders to lend their assets to others and earn interest.
In brief
- DeFi loans are one of the fastest-growing sectors in blockchain and cryptocurrency.
- Holders of assets can lend them to others and earn interest on the loan.
- Borrowers have to put up collateral above the value of the loan to protect against price fluctuations.
https://decrypt.co/resources/what-are-defi-loans-ethereum-maker-aave-explained-learn
According to Robert Art, the price of Ripple XRP will one day reach $200. Recently on Twitter, he made the prediction that “XRP will deliver better returns than Bitcoin. Why? Bitcoin has 16 times the capital invested in it. Moving $8 billion to $80 billion is a lot easier than moving $140 billion to $1.4 trillion.”
Similarly, the Crypto Coin Society has predicted that the price of XRP will reach $0.95 before the end of 2021, representing an increase of around 325% on its current price.
https://trading-education.com/ripple-price-prediction
Robert Art
https://www.brandeis.edu/facultyguide/person.html?emplid=4d0a125256afd15e484fd8bf9819d86090d0a846
How Will the Spark Airdrop Affect XRP's Price?
- Flare Network will launch the airdrop of its Spark token for Ripple's XRP holders at midnight.
- This might affect the price of XRP in the near future, experts told Decrypt.
- The total number of whales holding 10 million XRP or more surged ahead of the airdrop.
https://decrypt.co/51197/how-will-the-spark-airdrop-affect-xrps-price
Flare Airdrop Snapshot Ushers in Ripple’s DeFi Era
Ripple’s Investment Finally Pays Off
In a webinar organized by cryptocurrency platform Uphold, Ripple CTO David Schwartz said Flare Networks would finally bring DeFi to the XRP Ledger. He reminded viewers that Xpring, Ripple’s incubation arm, had invested in Flare in November 2019.
It now appears that the investment is paying off.
Flare is a smart contract platform based on the Ethereum Virtual Machine (EVM). It will create a bridge between the XRP ledger and Ethereum, ushering in a much-needed update to what has been a less than innovative project as of late.
Read more...
https://cryptobriefing.com/flare-airdrop-snapshot-ushers-in-ripples-defi-era/
20 USD: Our XRP Price Forecast For 2021 Is Underway
Our long term XRP target of 20 USD is underway. XRP will show evidence of this in 2021 regardless whether it will it 20 USD already in 2021.
https://investinghaven.com/forecasts/2021-xrp-price-forecast-20-dollar/
This is what I've been saying:
"You can extend that to Ripple. The reason that a lot of these key coins exist is that they solve a problem that the others were facing. Bitcoin is not the end-all solution.”
Investment Icon Ric Edelman Owns Bitcoin and Ethereum, Says XRP Is Part of Technological Revolution
https://dailyhodl.com/2020/12/12/investment-icon-ric-edelman-owns-bitcoin-and-ethereum-says-xrp-is-part-of-technological-revolution/
The IRS has officially moved its crypto tax question to the top of Form 1040, making it much more prominent
https://www.theblockcrypto.com/linked/87559/irs-form-1040-crypto-taxes
Flare Executes Spark Snapshot for XRP Airdrop – Here’s What’s Next for Crypto Holders
https://dailyhodl.com/2020/12/12/flare-networks-executes-spark-snapshot-for-highly-anticipated-xrp-airdrop/
I'll be buying more next week. The Flare network will only use and burn XRPs. One more utility added to its already growing list.
The Flare Network aims to add to the XRP Ledger's utility by introducing support for smart contract capability for the XRP token. Spark is the native token of this network, and a portion of its supply is airdropped to eligible XRP holders...
https://academy.binance.com/en/articles/what-is-spark-flr-and-the-flare-network
Now, not only will XRP be a better investment than BTC, but earn XRP from Spark collateral on top of the usual return. And the earned XRPs will absorb some XRP from the float.
It looks like some just converted to XRP long enough to snag some Spark and then sell them. (Since using them requires XRP collateral).
That makes sense if you're looking at it in a rear view mirror.
As for looking forward it has some potential, assuming AYTU can pull it off right.
Disbrow said more than 75 million prescriptions are written each year for ADHD drugs and Neos posted third quarter growth of 9.9% for Adzenys and 6.5% for Cotempla. The drugs are distributed through a network of 900 participating pharmacies.
"Those that know the pediatrics space know that the ADHD market is among the most attractive therapeutic categories in pediatrics,” Disbrow told investors after the deal was announced Thursday. “As the ADHD market re-ignites post-COVID and beyond, the Neos brands are on a strong growth trajectory.”
Another way to look at the merger.
Because in 2017, NEOS turned down an offer for $287,800,000 to buy it, and AYTU is giving them about 3,884,871 (post R/S) that equates to:
AYTU:
Immediately after the reverse split becomes effective, there will be approximately 12,949,570 million shares of common stock issued and outstanding. The common shares will trade under a new CUSIP number, 054754874, effective December 9, 2020, and continue to trade under the symbol “AYTU.”
Current AYTU O/S 12,949,570 x 30% (to NEOS) = 3,884,871 (shares to NEOS).
At AYTU's price today that would be paying $6.22/SH for NEOS that was worth $74.08/SH in 2017.
2017 offer to NEOS of $287,800,000 / 3,884,871 (AYTU shares) = $74.08
Grand Prairie-based Neos Therapeutics is merging with a Colorado pharma company [The Dallas Morning News]
"Under terms of the deal, Neos shareholders will own about 30% of the shares in the acquiring company, Englewood-based Aytu BioScience Inc. ( AYTU ) The boards of directors of both companies have approved the transaction.
The combined company will grow to about $100 million in annual revenue from pediatric, primary care and consumer health care products."
Read a lot more...
https://www.dallasnews.com/business/health-care/2020/12/10/grand-prairie-based-neos-therapeutics-is-merging-with-a-colorado-specialty-pharma-company/
I don't think there can be a cost put on Spark until they're sold. Prices are based on the willingness of a seller to sell at that price and a buyer to buy at the same. That's hardly possible with no sales.
If you sold Spark in 2021 the entire amount would probably be considered (in that case) a short term capital gain. (You got it for free that year).
If Flare is used as advertised, it may generate interest and revenue. That'll definitely attract more investors and deeper pockets.
Crypto regulations/definitions plus DeFi would really help.
AYTU said that the company absorbed in the merger would have 1/3 of AYTU's outstanding shares. So we get another company with that. Yes, it's dilution, but dilution of a bigger company with more revenue opportunities.
And yet YTD:
Imagine XRP WITH Flare.
:The Flare Network leverages the Ethereum Virtual Machine (EVM), enabling the network to run Turing complete smart contracts."
https://flare.ghost.io/theflarenetwork/