/biz/ - Business & Finance

Can someone explain this airdrop to me?

>>30044188
After Flare Network launches and people begin to realize that they can make a passive return by minting F-assets (in this case, LTC) they will lock up a significant portion of LTC. This will drive the price even higher as exchange liquidity dwindles. As more and more people come on board to get their free gibs/rewards....the price should climb even higher. Minters will be happy as their rewards will be appreciating in value. Speculators will be happy. Flare Network is going to make everyone happy.

Can anyone explain that flare airdrop to me? I bought in mid January can i still get it? Do I need to make a wallet or something?

Folks, I have been thinking about this project a lot. Yes it kills the chainlink because it exposes chainlink's lack of a real need. It has an oracle, but thats not even the main appeal of the token. Let me help you out: to mint F-assets, the user must lock up 2.5x the value of the underlying asset in spark. so to mint 1 FBTC, youll need to lock up over 100k in spark. people WILL want to send FBTC instantly and without gas fees. so the demand is there. then consider what this will do to the supply of spark. The inflation (paid out to participants in the form of rewards) will be vastly outpaced by the initial demand for Spark needed to collateralize F assets. (in a 2.5:1 ratio) I will be vacuuming this shit up when midwitds dump their airdropped tokens. if we can get 1 trillion onto the Flare netowork, that means 2.5 trillion in spark will need to be locked up. PLUS the agents get 5% reward. its truly a well oiled economic machine. BUY WHILE YOU CAN

WHATS UP BOYS I JUST BOUGHT 10 LITECOIN WITH MY FRESH STUDENT LOAN MONEY

>>27524482
this. at the very least you are guarenteed to make money by buying before that hype.

and I think its undervalued on its own merit anyway. 4x as many LTC at BTC, but its faster and therefore better. so it should approach .25 btc right? even at .025 btc it would be a huge successful trade.

>>27503659
this june, official date yet to be announced. heres a video to learn . basically LTC is a coin that I would advocate even my normie friends to buy because its such a sure bet.
about what Flare is for.
> https://www.youtube.com/watch?v=3QO_Ih-sfKM
I had to watch it a couple times to really grasp what it means for the crypto market. IMO its going to be big. however, even if it flops, it will still help push up the price of LTC in anticipation, likely to ATH and beyond. not that LTC needs the help though, it will get there on its own. inb4 shill. im not