/biz/ - Business & Finance

>>27199924
the snapshot already happened you missed it. you'll have to buy it when they drop them in peoples wallets.

There are actually 3 projects and 6 coins.

bitcoin miners will be able to switch to mining yield tokens.

Here is my plan

buy some land and build a house, hydro power plant, wind, solar, and other devices for electricity, im not some save the planet cuck but i don't want to pay for electric bills.
create a vertical farm tower
create tiny home shelters for people
fund small businesses

Im going to use some of my XRP to buy a couple of mining machines to mine yeildmine tokens.

Stake flare tokens

and figure out what to do with yield flare.

>>25998411

>>24954820
There is 3 coins.

In case you hadn't heard, the Flare airdrop is happening this evening at 7pm EST, so if you hold XRP make sure you are signed up. If you aren't sure how to do that, I'd recommend downloading Exodus or XUMM wallet, as they make it really easy.

So, say you have already claimed your Spark tokens, waited a week, received your $DFLR airdrop, and switched them for $YFLR. What now?

Well, in order to answer that question, let's look at the three different tokens in the Flare Finance ecosystem (pic related).

YieldFlare
YieldFlare Token (YFLR) is the ecosystem’s main platform token. It will be utilized across all products and has a main focus on utilization within FlareX and FlareFarm. Its initial use cases will include serving as a fee replacement token on FlareX, the primary staking token to farm YFIN, and a secondary governance token to the ecosystem used to vote on proposals and new token listings.

The total supply of YieldFlare is 110,000,000 YFLR with the following distributions:

40,000,000 YFLR - DAO offering distribution
40,000,000 YFLR - pool mining
10,000,000 YFLR - team allocation
10,000,000 YFLR - reserves
10,000,000 - foundation
YieldFin
YieldFin Token (YFIN) is the ecosystem’s main governance token. It will be utilized across all 6 products within the ecosystem with a primary focus on governance and reward structure. Its initial use case will be to serve as the main reward token on the FlareFarm platform provided as a result of staking in one of the available distribution pools. It will also serve as a distribution token for FlareLoans and FlareMutual upon platform release. Once acquired, it can either be staked to earn more YFLR (released over a vesting period) or utilized to vote on governance proposals submitted by the team and other community members.

The total supply of YieldFin is 11,000 YFIN with the following distributions:

8,000 YFIN - YieldFin mining
1,000 YFIN - FlareLoans distributions
1,000 YFIN FlareMutual distributions
1,000 Reserve

>>24725381
Flare isn't a typical fork, its a new type of fork called a utility fork.
for example bitcoin cash was a fork of bitcoin, this is a parasitic fork that takes away users from one to another.
flare is a utility fork meaning it brings utlity to the original project and benefits xrp and its holders.

You get a token flare and you get to exchange this token for yflr

in short you are retarded if you sell for a quick profit.

don't forget about Flare Finance

cool article anon posted at end of last thread:
https://www.coinspeaker.com/ripple-ceo-flare-network-xrp-eth-avax/amp/

the question, to my mind, is whether or not Flare will kill off ETH and AVAX or coexist with them, and i think a lot depends on this regulation Stevie Mnuch was talking about with the G7 yesterday morning and how it will effect the larger ecosystem.

What coins do you think will survive? BTC ETH XRP are the gimmes, and I think XLM and ALGO have been anointed as the blockchains that nonproprietary CBDCs (i.e. countries whose central banks aren't big/good enough to make their own currency like, say, the digital euro, pound, kroner, deutschemark, yen or yuan) will run on- I think Tether will be blown the fuck out by required audits that will expose fraud on a massive scale and USDT and Bitfinex will have their head put on a pike for all to see. USDC seems to be the most likely candidate for the digital dollar, as I don't really see the Fed pulling a secret project out of their ass and this dude https://medium.com/centre-blog/financial-industry-veteran-david-puth-joins-centre-as-chief-executive-officer-840712968ef4 just joined Center as their CEO...

what other coins will make it? IOTA seems to play into Klaus Schwab's technocratic dystopian design too well to disappear. LINK, despite Flare, might play a role in the digital economy to come. Will Charles Hoskinson's nakedly sociopathic ass manage to stay alive? I think so. ADA will always have a role to play in the Nigerian onions market. NFTs are going to be fuck-huge. I have a good feeling about Terra. Who else, /xsg/? Use your schizo powers.

Also, what about Libra (now called "Diem," apparently, which fucks with me because that's my crazy Viet ex-gf's name)

Also what Flare Finance projects will you be putting your stack towards? (pic related) I am going to try to get in the mutual fund heavy and early, personally.

>>24562940
how does a crystal city on the moon sound

>>24531350
Ripple riddler is back
https://www.youtube.com/watch?v=XX3TWzRd9iU