Working on the big PENSKE project
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I was checking wanchain out for farming xrp. Guess I am way too late the party. It’s only 2.5% apy right now. So not an alternative to Nexo anymore
Do you have Twitter? You can send a direct message to me there. @scaruso123
I agree I am not concerned with my nexo holdings just yet. However Gary Gensler apparently is losing sleep and will not rest until we take out money out of nexo and put it back into bank cds. Only then can we be safe.
Being an accredited investor is somewhat possible if we play our crypto cards right. But oh wait, Gary can’t have that. He wants to increase the threshed 10x. Thank you F’ng Gary for thinking outside the box and do whatever you can in your F’n power to keep me down and “safe”. What an @sshat he is
I’m not concerned just yet. I have crypto not fiat in Nexo and I would be moving from their exchange to another exchange. I don’t have banking relationships with nexo.
Mine is coming out of luck up 2/28 but I don’t have a safe place to put it yet and with the new US regulations, if I pull xrp off now I can no longer earn on Nexo. However if it stays, they will continue to pay on xrp since it was grandfathered in. I am sure the earn 2.0 that they will provide US citizens in future will be far less than what they pay now. All thanks to evil Gary Gensler and his actions in the name of protecting us. I am exploring my options though on where I can move to to continue having it earn. I may end up rolling my fixed portion over and pulling the interest off and putting that on wanchain and just run some tests on yield farming
They are starting to impose sanctions on certain Russian banks and they said for more detailed list they provided links to UK European and US sanctions list.
Is the email you are referring to?
Did you initially receive your songbird air drop on uphold? If so go to the transactions page and find that transaction and open it up to see the details. Maybe the details of the receiver (you) are on it. Did you transfer from uphold to Bifrost. Maybe in Bifrost you can find the transaction and see who the sender address (you) was
Is anyone using wan Chan to farm xrp?
They take something great, they slowly make it worse and worse until it’s gone. It happened with Cred, then I moved to Nexo which was awesome. Then Nexo started messing with the payouts decreasing it, and then now they are blocking US citizens.
If Nexo does go to $hite, and you find a better alternative let me know.
I liked Nexo for their insurance and matched assets to liabilities and they were externally audited. I get nervous moving it to places that promise tou the moon
What I wonder is what happens to the xrp when it comes out if fixed? Is that considered a new top up? Is the interest earned after fixed a new top up?
If we hold our crypto on nexo they will continue to earn at the advertised rate. Only new top ups will not receive anything in US until they get compliant and I have a feeling these new earn 2.0 rates for US citizens is going to far less. Just a hunch. Than your F ing Gary Gensler for protecting me once again. He assaults my xrp and now my earnings. As if he is some kind of hero. Why doesn’t he focus his efforts on fraud and not companies that are helping people and have done no wrong.
The sec is on a tare attacking Anyone who is trying to get ahead. They have lost sight of their mission statement. They aren’t protecting us. They are attacking us. And there was never any fraud!!!!
When I said retro active, I meant from when it was supposed to drop a year ago. We had a target airdrop awhile back and it kept being pushed and pushed further out. Then they announced song bird and pushed it out even further.
I get it needs to be built out and secure. But the whole air drop scenario should adapt with the delays. Was it drop 15% at first and then 3% every month after? Well since flr has so far been delayed say half a year already, let’s do the 15% air drop and another 18% up front for those 6 months that we would have received along the way.
I think it should have always been 100% on day 1 but this is a nice compromise to appease xrp holders
It would never happen, but flr should be retro active with first airdrop. If we lost a year, at least drop what would have been distributed
We just got a nice rebound but it’s like cone on. Enough with the pennies BS
Hahaha funny man. As much as I would live that to be true, A, I seriously doubt you have direct connection with Ripple attorney, B, if you did, I doubt he would share any information with outsiders and then offer financial advice based on that information.
Bitboy has been toting he had inside information from sec on settlement and that never panned out 5 months later!
This trial could go most of 2022 so no rush
I am kind of in tbe same camp. I came here for xrp and I am not losing site of that. I keep it all parked at nexo and any airdrop I am getting, I am converting to nexo to earn more xrp, or converting directly into xrp.
Some of these other projects sound interesting but I don’t have the bandwidth for it. My eye is on the grand prize. It does mean though that my outcome is heavily reliant on this sec case in short term
I didn’t either but I think the mass exodus of xrp from their platform was causing problems. They had no choice but to facilitate it. Who knows what that means for the coreum airdrop that is based off tbe solo airdrop. Given the payout I am sure it is not as material
No additional trustline needed. I did an instant covert to xrp and got it off XUMM. Converted to nexo and then moved it there to help boost my xrp earn rate.
Because the solo drop was so little I am not sticking around for coreum. How much coreum can I get with the scraps of solo o was airdropped? Sgb ended up being 10x more profitable of an airdrop.
I’m trying to simplify it all. Convert my airdrops to nexo and keep my xrp and nexo on nexo platform. Will do the same for flare too I think. They may all be great projects but I am here for xrp and I like nexo. I can use both just the same to create passive income and don’t have to wrap and delegate and pair and all that other stuff.
Just need Ripple to win its case and get me back on right track with passive income
Well nexo never stated they supported that air drop. That is why I moved it off tbe platforn and created my trust line. However I am noticing some people got theirs some didn’t. I guess it doesn’t happen all at once at the time it was stated to airdrop
Anyone receive their solo ? I still have not. Just wanted to see if it has at least begun to disperse
It’s been my experience that the forces that be let it crash and burn as much as possible, then they hand it over to me
No solo yet. Used my XUMM wallet for the trust line. Never watched live for it to happen. Usually dependent on exchange to deliver months later so I don’t know just how real time it is when they list the start time
Right now for example sake, you own 120k usd worth of xrp on nexo and that is all you hold. If you keep it all loose in your wallet, you earn 4% on 50k usd worth of xrp and you earn 1% on the other 70k.
If you decide to lock it all up for 30 days, you get 5% on your first 50k usd worth of xrp and 2% on other
Now if you buy the nexo token and nexo is between 1 and 5% of your total xrp, you upgrade to silver status. I am a hodler so let’s keep the scenario xrp is fixed for 30 days. Now 75k usd worth of xrp Will earn 5.25% and remaining amount will earn 2.25%. Now because I put nexo on tbe platform that starts off earning 7%, but because I have no intention of selling because I need it to boost my xrp, I can lock it up for 3 months and earn 9% in nexo or lock it up 12 months and earn 12% on nexo. So I locked up my nexo to earn 12% in Nexo, and then earning silver tier fixed rates.
Now when I get my solo and my ada comes out of fixed, I am converting those to nexo and locking that up to earn 12% in nexo. That will move me to gold tier status. Gold tier status is when you own between 5 and 10% of your assets in Nexo. This tier is absolute necessary because then the 75k usd earning 5.25 % goes all the way up to $500k usd worth of xrp that can now earn 5.5% and the rest above that earns 2.5%.
Getting the gold tier status will get all my xrp (with cushion to grow) back in the max earnings and I am doing it woth nexo which earns me 12% in earnings.
And if you hold more than 10% of your assets in Nexo, you go platinum. That is up to 10million usd worth earning 6% d above that earns 3%.
Nexo is a very good performing token. Did far far better than xrp last year. Hopefully the Nexo continues to grow and the earnings will grow it as well to keep it up as a percentage of my assets to keep me in silver and good status with my xrp.
Getting Nexo is not easy for the average us citizen who buys btc on coinbase. It is more at our level to do all the conversions. But I think nexo is coming to make more of a presence and fidelity partnership and maybe a direct on ramp for nexo and usd will make it take off. Nexo is also doing its second buyback of its coin. That with tier system is effort to boost the value of their coin.
I only talked about the earnings side but on the borrowing side each tier lowers the rate in which you can borrow against your xrp
I couldn’t help myself. As exciting as it was to hold a new asset, I took it all off my Bifrost and converted it to nexo. I am taking all my loose random cryptos from the airdrops and converting them to nexo.
Potentially even FLR.
I’ve always been an xrp guy and I think it makes the most sense for me. By buying nexo and locking it up (12 months), I earn 12% apy. And because I am a Nexo holder, it puts me in a higher tier to earn more return on my xrp. I will likely continue to grow nexo with my airdrops and keep compounding my earnings with both nexo and xrp.
Nexo is emerging as a leader. They have partnered with fidelity and I think big things are coming down the pipeline.
You are definitely getting your feet wet. When I get the FLR I will try this stuff out. My exfi was too small for me to jump through hoops. I converted it to more sgb, wrapped everything up and will see what I get did a return next week
I just received my sgb and exfi. For some reason tbe exfi is not showing a usd value. Just amount of exfi I have with no value.
What are you doing with your exfi? Can I wrap/delegate it on Bifrost?
My sgb isn’t that big because I’m still waiting on nexo but % earn has increased today.
I have earned maybe 40% of my sgb on day 1 (which is not complete) compared to what I earned over last 7 days.
I kept the same election and just left it wrapped. I can’t get a handle on what the earn rate is. Does it just fluctuate by the hour?
Once I get my sgb and exfi from Nexo I will try this out. Are you saying that you see better earning opportunities than by just delegating right on Bifrost ?
Exfi selling on Bitrue today first day. Up to $16 40%+ gains on day 1.
A good sign. Usually I expect a dump of an airdrop when tradeable. This one is gaining some traction.
I sold some stock in company I work for. Have to wait 2 to 3 days for the money to settle. Things should not be this way. A part of me does want to hold solo because I believe their use case was to tokenize equity and have it be able to be bought and sold 24/7 365 days a year with instant settlements. I absolutely believe this is where traditional stocks are headed just don’t know who will be the winners to pull it off. But crypto will swallow up the stock market through tokenization and it will start to swallow up other asset classes too.
A 3 trillion crypto market cap can quickly 10x and then from their 10x again. What does that mean for our crypto that we hold. It is coming. State street said it will be trickle trickle flood. I think we are on the second trickle now and by 2023 or 2024, it will be a flood
I think once we get the clarity for xrp we will see it shoot to $10 and there will be a huge sell off profit taking and it will fall back down. But after the dust settles, institutional investment will pick up and the ripple will announce an ipo. And eventually a central bank will announce their cbdc on Ripplenet. Things will start taking it back up to $10 and beyond and it will start to become less volatile and keep heading up.
Maybe a massive purge of fake cryptos will happen and money will consolidate into the main projects.
It’s going to be years, but xrp will be 2 to 3 digits and holding for those willing to wait. I don’t think that is a pipe dream. This is not a meme coin or pink stock. This is a new asset class with disruptive tech already proven to work and is being pushed out globally. I’ll never forget that presentation when they said Ripple is not an ordinary company trying to make x amount of revenue. They are trying to make a dent in the universe of how we remit payments. And either they will succeed or they will fade away.
I do want to learn because really i don’t ever want to sell my base holdings of xrp. My goal is to accumulate enough so that I can live off the passive returns. A $10 xrp lawsuit victory does not mean I am going to start selling. It needs to get way higher than that before I give it up. But a $10 xrp means real passive income. I am ok if it shoots up to $10 and crashes back to $2. Anything under a $50 xrp is going to held and accumulated for passive income.
I wish I didn’t have to work for a living because rbis is all really a full time job.
Yes I have to explore options too. Another option would be just to leave 50k worth of xrp there and try and take the rest elsewhere to earn more.
So you are somehow taking your xrp and earning passive income with flare????
If you are a base rate customer meaning you hold no nexo tokens, the first $50k usd value of xrp receives 4% apr flex or 5% if you lock it up for 30 days.
Any xrp that is beyond the value of $50k, now receives only 1% flex and 2% if locked up.
So as the value of xrp grows, less and less of it will be subject to the hire rates because you can only have $50k worth earning the high rates. Everything else transitions to 1 or 2 % after.
Ow if you tier up and own a higher percentage of your assets in their nexo coin, you can raise the 50k earning 4 or 5% to 75k or 100k or 500k worth of xrp earning top rate. But the more xrp toh hold means the more Nexo you have to buy. And if xrp keeps heading up, you have to keep adding more nexo to chase it.
So while all these airdrops are adding some passive income, I am considering maybe converting them all to Nexo so that I can help maximize the passive income on xrp while also earning the passive income on nexo token. I’m really just trading one passive income token to another.
Nexo just partnered with fidelity and I can see nexo sticking around for long term. Their token is doing very well
I have a 3 year old and a 1 year old too! Rather than open the kids up a savings account at a bank I bought them a small stash of cardano in nexo and it will sit there for years.
I am hoping xrp will take care of all of us but kids are diversified
I have it back at nexo until I can fond more options. Some xrp still coming in every day is better than nothing if it is just sitting.
I’m wondering if I just convert my flr, solo, sgb and exfi all over to nexo and try and boost my xrp earnings back to where it was while earning on nexo.
Use uphold! Direct xrp USd pairing. Always stuck by Ripples side. Based right in San Francisco
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I changed up my delegating of sgb to ftso.it and A-ftso and my earnings are still scraps. Not sure how much longer I will keep this up. Still waiting on my sgb from nexo. Will pool it all together and continue a little longer….
It’s not until the 20th