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Re: WiseYoda post# 30957

Wednesday, 01/05/2022 10:25:47 AM

Wednesday, January 05, 2022 10:25:47 AM

Post# of 35814
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
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