/biz/ - Business & Finance

>>24255562
Problem is:nobody knows what the value of the Spark token will be. You get 1 Spark per 1 XRP. If it's same value and XRP dumps 50% you lost nothing. Because after the post-airdrop dip (yes, I expect one, it will be a big retard shakeout) XRP almost certainly will go up further in time. There is no avoiding it anymore.

>>24255655
Will it dump instantly do you think at a magnitude of 50%?

>>24255562
Lol ripplebros are going to be shocked to discover that this pump is due exclusively to people wanting to claim spark, and the INSTANT the snapshot happens, xrp is going back down to 35 cents. Screencap this.

>>24255749
yes

and more

way more

what is the best way to claim the spark? I hold my XRP on binance which doesn't participate. Where shall I send it to get the free coin?

>>24255749
no way, unless it pumps hard right before the airdrop

>>24256224
I think BNC just decided to participate, not sure, go check.

>>24256406
NICE
https://coinmarketcap.com/headlines/news/binance-will-conduct-spark-token-airdrop-for-xrp-army/

>>24256224 https://www.binance.com/en/support/announcement/78c11feba44d443998cf7a5329539e91

>>24256224
Just make sure you don't sell before snapshot

>>24256490
feels so good

>>24256164
i won't be shocked and expect 25c; i'm a brainlet and know this is because of spark the pump

>>24255749
50% lol no, bitcoin would drop a few % after its forked, bcash and bsv. Xrp is a big cap with major liquidity, I’d likely expect a 5% drop afterwards as people who bought just for the fork sell

>>24255562
So the airdrop is only releasing 15% on launch which means you cant dump the spark tokens as there will only be 15% of the supply of xrp

the price of XRP and the spark tokens when people grasp what they can do is going to break out.

DO NOT SELL ANY XRP OR SPARK OR YOU WILL FOREVER REGRET IT,

>>24256490
I would not leave mine on an exchange but rather my own wallet. Tokens are going to be distributed over 3 - 4 years and I would not want to trust and exchange to follow through for that long of a time period when you can simply use your own wallet.

>>24256589
>>24256490
Can I get the spark in Coinbase/Coinbase wallet?

>>24256723
If it were one of the other supported exchanges I would agree, but I trust Binance enough
>>24256835
Most likely not, knowing Coinbase they will participate in the airdrop but they will not distribute their reward to users

LONG HERE XRP, GET RICH TOMORROW .

>>24256885
I hear you, but I am going to handle mine personally in my own wallet. It’s simple and eliminates any risk

>>24256164
>He thinks small money fomo can pump the volume like this
Lol

>>24256625
I'm selling at 2,000 $.

>>24257130
>he thinks all big money is smart money
Lol

>>24257070
How do we swap thats holding xrp to flare? Im using toast wallet on my phone.

Stupid question
I have xrp on coinbase
Which of the approved exchanges is easier to transfer xrp for the airdrop?

>>24257403
Upstart

>>24257403
Read the damn thread of the fucking sticky

>>24255562
Staking makes this a little different.

>>24255562
I have my zerpies in XUMM and have my compatible 0x on MEW am i gmi?

>>24257403
https://flare.xyz/supporting-exchanges/
As well there is news that Binance is now participating but that is not yet added to the page I linked

>>24256164
go check the wallet stats and look at the trends. HINT: The top wallets (5 million + )have increased their share drastically, everyone else has proportionally less xrp

>>24256885
>>24256224
>>24256490
>>24256589

Careful, anons

>>24256224
They just announced they will support it

>>24258737
not from US luckily

>>24255562
it'll go up retard
2KEOY

Just to be clear, bitstamp WILL give me my spark tokens, right?

>>24255562
>He thinks XRP holders are retail investors

Look at all these seething pajeet linkies.

XRP whale here. Why would anyone sell when Flare is providing incentives in additional spark for staking the ecosystem with FXRP?

Additionally holding spark will be incentivized through an additional airdrop of governance tokens.

ETH and Link are toast. Flare is the killer. Screencap this.

>>24261175
not only that but Flare brings smart contracts to XRP's speed and incredibly low fees
I was honestly shocked how fast and cheap it was to move my XRP around
makes ETH look like the total fucking joke it really is

>>24261829
Yes, there's no comparison between XRP and ETH when it comes to speed and cost. Makes ETH seem useless in comparison. I guess the only pro-ETH argument may be decentralization but that should change once Flare starts developing a network effect.

>>24255562
the snapshot is on the 12th but the tokens won't necessarily be distributed at the same time

>>24261951

we cant really judge till Q1 with eth 2.0 unveiling...

Flare really doesn’t seem that popular. Xrps market cap is really moving billions of dollars for this? Is everyone just riding the “flare hype wave” and no one actually cares about flare?

No matter what I will not be selling my Sparkies :)
give me that passive income bby

>>24255562
The smartest play is selling before the snap shot happens. Screencap this.

probably a deadcat bounce, people will buy in after the initial crash. it's real value is in the coming years, unless ETH 2 btfo's it. it's just patience and betting on: how flare compliments xrp, and whether ETH 2 will be more widely adopted

>>24262216
>plebbit spacing
>muh eth 2.0
let me guess, you still believe and hold NANO too?
go back faggot
>>24262307
>judges shit based on "popularity"
>judges popularity on a tranny echo chamber
holy fuck you might be the most intense case of 'ngmi' I've ever interacted with

>>24262539
fuck off with your hebrew nonsense you deformed hook nose nigger

>>24262552
I was judging its popularity by multiplying the comments/ likes by 10 and it still doesn’t seem that popular. I understand not everyone uses Twitter

>>24261951
>only pro-ETH argument may be decentralization
You must be joking. It doesn’t matter about the product, the only thing that matters is the devs building on it which eth beats everything by a landslide. How fucking new are you? Kek

>>24256164
i caped this just so i can post you on a thread a week later and laugh incredibly hard at you

>>24262648
>is the devs building on it
building what? uniswap scamcoins? lel

>>24262591
>hold through snapshot for another useless token while everyone dumps their bags on you before the snapshot happens
Congrats lol ask me how I know you’re poor

>>24262676
You’re either a troll or an absolute tard.

>>24257201
This lmao. I remember Martin Shkreli talking about this and saying the most financial institutions are fucking dog shit.

>>24262648
>the product doesn't matter
>everyone loves current gas fees and tx times
>don't worry about the scalability who needs it
top fucking kek
legendary autism anon
>>24262688
>he doesn't know flare is the smart contract side of XRP, which is infinitely faster and cheaper than ETH
please enlighten me nignog, how do you 'know' I'm poor?

Spark enables the leveraging of marketable securities for XRP holders
Spark enables the utilization of smart contracts
Spark acts as the security for the XRP asset in full compliance with the upcoming dec 3rd SEC ruling
Spark will give XRP holders a passive income without having to ever lose XRP

>>24263069
stop I'm getting so erect is hurts

>>24262729
that volume on eth is looking really bad, 16bil with a 60bil mc...very bad ratio, seems it wants to test 500$, guess 2.0 was priced in

The fact that people on /biz/ think XRP will dump after the flare airdrop is evidence that it won't dump. You total fucking retards need to pay attention to who is accumulating. Hint: it isn't retail investors. Retail investors probably don't even know what an airdrop is, let alone what flare is. Hardly anybody gives a shot about the flare airdrop. This pump has been from whales. There will probably be a 10-20% dip after the airdrop and then it'll spring to a new ATH.

The snapshot is on the 12th....it hasn't even pumped for that yet, try the week of/3 days prior...this pump is from something else.

Who cares about flare, no one is going to be using it

>>24263880
Everyone will be using it. ETH 2.0 will have a whole new set of issues and will be incomparable with regard to speed.

>>24255562
It will dip 5% the 11th and the 12th. Won't matter at all on the macroscale.

>>24257144
Why?

>>24263069
Ooooooooo we AGENTS now

If I withdraw my XRP from Binance to another exchange after the snapshot date will I still get all the Spark to my Binance wallet?

>>24256723
which desktop wallets would you recomend? or should i just buy a hardware wallet.

>>24265189
yes, it's the same thing as selling after the snapshot

>>24256164
It takes $10M to pump XRP one cent. You are talking out your ass if you think 1k stacklets selling off after the SPARK drop is going to crash the price. We have institutional bank cash now nigga

>Who cares about flare, no one is going to be using it

>>24265313
This is a misunderstanding of market cap but your overall point is still correct.

>>24265189
Yes, over the course of 3 - 4 years

>>24265189
no retard your spark will go to your flare address
>>24265893
wtf are you talking about?

>>24261829
it's easy when your token is centralised shit

>>24265893
https://blog.flare.xyz/further-information-on-the-spark-token-distribution/

>>24266030
My flare adress?

>>24266030
It’s not going to your flare address if you don’t self custody.

Read their website - airdrop tokens will be distributed over the course of years. You don’t get them all at once.

>>24266070
meant to quote
>>24266030

>>24266070
WHAT YOU WILL RECEIVE AND WHEN:

At network launch, each account that has claimed Spark will receive 15% of the total Spark for which they are eligible. This is 15% of the Spark claimable term in the equation above. The remaining Spark claimable will be distributed over a minimum of 25 months and a maximum of 34 months.

Each month,* a pseudorandom number in the interval [2,4]
[2,4]
will be generated by the Flare Time Series Oracle (FTSO). This number corresponds to a percentage of the initial remaining Spark claimable.

For example, if person X has 1000 Spark claimable and 4% is picked every month by the FTSO, they receive 1000*15% = 150 Spark at day 1, and then (1000-150)*4% = 34 additional Spark per month for 25 months, coming to a total of 1000 Spark.

The average of the pseudorandom number draws should equate to 3% per month, the midpoint between 2 and 4. At this rate, the distribution will be complete within 34 months. The process runs until either all Spark have been distributed (minimum 25 months) or 34 months have passed. At 34 months, any remaining undistributed Spark is burned or distributed based on a governance vote. (If there is a burning event this reduces the amount of tokens that an individual receives overall, but their percentage ownership of the token remains unchanged.)

No one is treated differently in this process: it applies equally to the amounts that Flare Networks Limited and the Flare Foundation will receive.

With regards to how you receive these tokens:

If you self custody, the system will deliver them to the Flare address with which you claimed. (This is the Ethereum-style address that you set in the XRP message key field to make the Spark claim in the first place.)

If you are claiming through a participating exchange, they will distribute the token to your account over time

>>24266110
wow, i'm a fucking retard
im going to go lay down

>>24265313
The question is what pumped the price. Coindesk said it was because of the airdrop but BOA also declared they were using Ripplenet right before the pump as well. Maybe they're using the airdrop to get uninformed investors to stay away. "Hey XRP sure is doing well oh it's just because of an airdrop and will dump right afterwards I'll stay away."

Dam guys so you telling me I get 15% upfront flare then for the remaining 4 years I get monthly shitcoin flare in my bibance account?

>>24266344
yeah, better sell right now faggot

>>24266344
This flare gonna be worth $0.000000000006 Each what’s da point

>>24266344
That’s why I would use an exchange for the snapshot and would self custody. It’s 2 - years til you get everything

>>24266425
N

>>24266500
What u saying

>>24266038
QQ
>>24266075
go to the XSG thread and read the shit at the top about flare
>>24266091
yeah on an exchange that supports it they will "handle the spark for you"
but why tf would the spark magically appear on another exchange that doesn't even support it??
that makes no fucking sense anon
it will remain tied to whatever address is snapshotted
>>24266163
it's okay anon, I interpreted the autism
>>24266213
there's only 2 options, institutions and individuals
this pump is not coming from individuals
>>24266425
>>24266525
kys immediately nigger fuck

>>24266764
>there's only 2 options, institutions and individuals
>this pump is not coming from individuals

its true.

>>24255655
>f it's same value and XRP dumps
airdrops are almost never equal to or greater value per coin than the original chain. It will probably be $.008ish.

>>24267335
Different animal, anon. Part of an ecosystem that will overtake international finance. .008 is not even close to realistic.

>>24261175
>>24261829
>>24267431
Flare isnt going to have working smart contracts for a while. Its not going to replicate Eths success in a year with a much smaller dev team. Plus XRP had smart contracts and no one was interested. Codius is a dead project because of it.

>>24266764
I hold xrp and I will also get free shitcoin flares you got a problem little boi?

bruh, mathematically you are better off holding onto both XRP and FLARE than dumping XRP right away after the snapshot.
That being said, people are retarded and will dump so those who buy the dip are gonna make it.

>>24267513
you're literally just making shit up like a faggot
and ETH as fast, cheap and scalable solution is a disaster. Widely used != successfully solving the problem
>>24267522
why are you talking like a nigger? are you a nigger?
hand check, post it kek

>>24266150
>If you self custody, the system will deliver them to the Flare address with which you claimed.
So even if you withdraw your XRP you still get the air drop to that address for months?

Will BCVault support the Flare Drop?

>>24267818
Dam man why so racist did you get punked when you were little? Smells of immaturity, my xerpies stay stinky

>>24268060
>didn't post hand
time to go back tranny faggot
ywnbaw

>>24268173