/biz/ - Business & Finance

>>27899010
just as lost, more info is TBA

1. what is the use of FLR and FXRP?
Flare Finance (a different entity building on the flare network) gives Spark (FLR) and XRP (FXRP) purpose

2. best way to fully utilize the platform and earn passive income in the platform?
They have all these products (picrel)(I believe an app/wallet similar to XUMM is in dev)(read the very short pdf there is more important info, 3 more tokens)

3.4.5 https://flarefinance.medium.com/flare-finance-frequently-asked-questions-233ff9e99e61

6. what is this agents, FTSO and stuff? https://www.ftso.eu/ looks like another form of earning passive income

>>26125956
suicide stack: supposedly Ripple will be valued anywhere from $100-$2000 per token. Usually people in these threads say 1k is a suicide stack, 5k or 10k is a make-it stack. Personally i think it won't go straight to $2000, so I have enough that I could sell some at $5 or $10 bucks/token and still have some left over when it goes to the moon.

Also XRP is going to be used with two other networks, called Flare and Flare Finance, that are really cool- you can use them to stake or lend your crypto and earn a passive income, as well as participate in an economic system that tells the banks to go fuck themselves. which i like.

As far as ways to store your crypto: Xumm wallet or Exodus Wallet are the two ways that are mentioned most often here- Xumm is created by a company that's an offshoot of Ripple, and it has some neat functionality because it works directly with the XRP ledger, so you can do stuff like buy crypto directly through the wallet. Exodus is free and easy to use. I personally use a Ledger to store mine because I'm paranoid.

>>26125960
yeah i'm hoping that's not the case but right now it's not looking good is it. it's funny to me how like 50% of hospital and nursing home staff are declining to get vaccinated- clearly, we aren't alone in being paranoid about getting injected with untested vaccines developed by the most demonstrably evil corporations on the planet

>>26125972
90ish%

>>25366395
Literally all they did is turn this infographic (picrel) into a nice video.
And we're supposed to believe they'll be fully operational when mainnet goes live???
That smells like a load of bullshit to me.
I'll be sticking to the native Flare Network services until they can show me they're not just a bunch of pajeets hijacking the Flare/XRP hype to push their shit.

XRP will take #2 spot
The writing is on the wall

>>24771861
do yourself a favor and read up on Flare Finance, it's going to be huge. DeFi on the flare network (pic related). Also, they are accepting applications to be a Beta tester right now, and they have some kind of rewards/bounty program going on right now where you can earn prizes for shilling their products:
https://bounty.flr.finance/

Decentralized on-demand liquidity and loans. The idea of such a thing gets me wet

Anything powered by eth will always be slow and legacy tech. Sorry but these banking “wizards” hitched themselves to an ‘09 carolla and will be burdened by its fees and speed until they are forced to migrate to another token. Decentralized lending and finance can’t scale on eth but it can on Xrp and flare.

Hey /biz/ you might have heard about today's Flare airdrop to XRP holders, but were you aware that there's another airdrop happening after that? The next airdrop will give you access to Flare Finance, and that's where the real fun begins. Remember all the DeFi ERC-20 tokens this summer? Flare Finance represents the maturation of that tech, and it's going to change the game.

https://flr.finance/

So how can you participate? Everybody who holds Spark (Flare's native token) 7-10 days after Flare goes live will automatically receive an airdrop of another token, $DFLR. Users who want to participate in Flare Finance will then swap their $DFLR for another token, Yield Flare ($YFLR). Then the real fun begins.

https://everipedia.org/wiki/lang_en/flare-finance/amp

Flare Finance has 6 products:

FlareX - spot and margin trading platform with swaps;

FlareFarm - yield farming and governance platform;

FlareUSD - stable dollar distribution platform;

FlareLoans - collateralized loans platform;

FlareMutual - decentralized risk-based mutual fund;

FlareMine - yield mining and liquidity generation pool

In order to participate in these products, you'll need to have the $YFLR tokens that will be airdropped. So hold on to your spark! And keep an eye out for news about Flare Finance.

>>24726744
endless potential. i like the sound of that

>>24726789
the way they explained it on their website is that they want to make sure people are engaged and not just holding it as speculation

>>24677487
Sorry I’m not going to let you sell anything until it’s $100. You’re allowed to buy a house with that if you have a career. If not, sorry no selling allowed.

>>24658422
>>24658462
not gonna engage anymore

>>24658463
it's called a shakeout retard

>>24658494
-Federal byzantine agreement, as i understand it (in layman's terms because i am computer-illiterate babby) is the underlying framework behind smart contracts, in which two parties use technology to agree to the terms of a contract that is then carried out automatically. if one party doesn't uphold their end of the bargain, the other party isn't harmed, but the party who doesn't do the thing correctly loses some of their money. this is the incentive to not lie or cheat or steal- the system will catch you, and you will lose. alternately, if you do the thing correctly, you will be rewarded.

-spark token creates fXRP by collateralizing XRP (first- later, you will be able to collateralize other assets). what this means is, you put your XRP into the system (so it is locked on flare network, like a deposit in a bank) and in return you get fXRP, which can be sent around easily. i think. this fXRP (or fETH, or fBTC, or fPokemon Card, or fThai ladyboy hooker, or what have you) can then be lent or borrowed against in a variety of ways. The person who is doing the lending will make money for every transaction completed.

-The agent, the person lending the f-assets, makes money every time they successfully complete a trade. That's not really passive, though, because it requires some effort and attention on the part of the agent. the passive part would be staking.

See, this is why Flare kills Link- Link's whole thing, as I understand it, is giving up-to-date price information using "oracles."

Flare also has oracles, because when users stake their assets, then it gives what's called "time series data" which if my psychedelic-melted brain understands it correctly, basically means up to date information on price and fluctuations as trades are conducted through the ecosystem. People who stake their assets get a passive income (less than acting as an agent, more than nothing)

>>24643845
>>24643882
wrong pic
also rollin

>>24639060
$2900 EOY WAGMI

>>24563053

>Obligatory Flare/Spark Tutorial
https://www.youtube.com/watch?v=-bMGWE6dJiw

>Flare snapshot date - December 12th 2020:
https://flare.ghost.io/claiming-spark-faq/
https://flare.xyz/supporting-exchanges/
https://flare.wietse.com

>Staggered Spark token distribution
https://blog.flare.xyz/further-information-on-the-spark-token-distribution/

>XRP Ledger
https://dex.xrplapps.com/

>Past /XSG/ threads:
https://pastebin.com/pZdQbREq

>Insiders threads:
https://pastebin.com/Z39w20qf

>Judy Shelton (Trump Fed nominee):
https://www.cato.org/cato-journal/springsummer-2018/case-new-international-monetary-system

>The Myth of Market Cap:
http://galgitron.net/Post/The-Myth-of-Market-Cap---Version-2

>XRP FUD BINGO
fudbingo.com

>Twitters:
https://twitter.com/@JoelKatz
https://twitter.com/@looP_rM311_7211
https://twitter.com/PRX0202 [Mr. Pool archives]
https://twitter.com/BabaCugs

>What wallet do I use?
There is no right answer for this. Mostly personal preference and security vs. convenience.
Hot storage (with Spark support) - XUMM or Exodus.
Cold storage - Ledger/Trezor or Paper/Metal Wallet
Do not use Droplet wallet, is it a scam.