/biz/ - Business & Finance

>>53206163
People selling their FLR for a PS5 lol. And braindead bizlets are falling for the sell off LOLOLOLOLOL

They will regret soon. Not selling my 10,000 FLR.

>>53206206
ps5 now is a bargain, holding for a month it's gonna be worth less than a bigmac.

at 4 cents this coin still has a 4bil marketcap. you have a long way down to go. legit projects like avax are at a 3.8bil mc lmao.

>>53206338
what is circulating supply?

>>53206350
the current supply doesn't matter, because the circulating supply is going to increase massively in the first 6 months, considering the airdrop only accounts for 4% of the total supply

>>53206338
>at 4 cents this coin still has a 4bil marketcap
Well, it's not. It's 485 million due to supply only being 12B, the rest of it will be slowly released over 3 years, either for original snapshot people or current delegation holders, second one pushing the price upwards due to buying pressure.

>>53206371
It's 15%, not 4%. Gotta love how it's already getting fudded

>>53206371
what do you get for spreading misinformation?

>>53206163
Wow I got 500 FLR I'm going to be so fucking rich

>>>/trash/

>>53206394
10K is about 300 usd now?

>>53206423
400usd. Price is hovering at.04

>>53206378
https://flare.network/flare-tokenomics/
literally on their website second graphic, 4.3% at month 0.

15% is the percent of the airdrop you're receiving on day 0, which accounts for 4.3% of the total supply. learn to read.

>>53206387
you don't have to believe me, everything is on their website.

>>53206423
I'm not buying any of this trash

>>53206432
Learn to read. 4.3% is the monthly drop rate. The initial was 15%.
Read it
>After the initial 15% distribution, the majority of entities receive the remainder of their allocation smoothly over 36 months.

they actually dropped it?

>>53206460
Yep. Flare is go. Can't really do anything with it, but it's out

>>53206489
can't even find where to buy this shit

4 to 1 sgb for flare seems like a good deal

>>53206549
Airdrop happened, but trading generally isn't open yet. Should happen today

people obviously sold their airdrop for the price to tank. I delegated mine but there must be a way to buy

>>53206626
>>53206549
are you guys for real? its trading on every major exchange except binance and cb. look it up on coingecko...

mexc, bybit, kraken, okex, kucoin, etc

>>53206670
Fair enough. I let the bias of my exchanges not allowing trading yet to influence me

>>53206206
I only got less than 1,000.
Thinking of buying while low, but, who the hell knows how low it will go; look at SGB and how it dropped and stayed low.

>>53206163
Why do I not see my FLR at the ETH address I synced up with the XRPL toolkit?
Where do I see my FLR if not there?

>>53207356
Yeah. I think Flare's value isn't going up THAT much until the actual use cases beyond delegating rewards are implemented. If SGB is .01, then Flare being .04 seems sort of reasonable if not maybe a tad high.

I got 1k in the airdrop and bought another 10k. Might see how things shake out before buying more. And don't forget if that proposal passes the 85% is going to those who stake it, not the original owner, so you basically get a 7x in coins just for holding onto it or buying more.

>>53207411
portal.flare.network

>>53207435
Please spoonfeed me because I run a business and can't do much now.
I hook up my Ledger there and it will show? It does work from my ETH address right?
Or ETH compatible address is what they are calling it?

>>53207469
are you begging to get scammed?

>>53207480
How would I get scammed?
I've never once lost a coin and I've had btc since 2012.
But I RUN A BUSINESS, I'm not a faggot online that does nothing but research internet tokens.

I ask around. I discern correct answers. Then I act.
This is how it's done.
Maybe you'd know if you'd ever done anything but jack off in front of your screen.

>>53207432
I might spend a couple hundred, just not super hopeful about this. I don’t have a large budget to invest with. I want to be wrong and it to be amazing.

>>53207566
Yeah, not a bad risk spending that little. I'm actually glad my exchanges aren't allowing trading yet, because I was going to spend a lot more earlier this morning.

I got all 72 of my flare tokens boys. When do I become a millionaire?

>tfw waiting for 'some time' in 2023 for the coinbase flare drop
i may not make it

FYI - Bitrue withdrawals start tomorrow
https://twitter.com/BitrueOfficial/status/1612796524731269121

>>53207811
By the time coinbase allows trading and airdrop they will have kept you from panic selling and you’re going to be rich anon

QRD on the FIP01 shit? Has it passed? Has it been altered? Am I going to profit?

>-75% already
i want to buy so bad bros but im going to get burn like I did with SGB if I do :(

>>53206350
100b

>>53207991
>https://flare.network/fip01/
One week cooldown period after 66% of holders have their coins, and another week to vote. I'm pretty sure the cooldown period already began, less than 24 hours ago.

>>53208032
Doesn't look good, does it? The use cases don't seem close, so it feels more like a buy and hold if anything. 2 years for the airdrop doesn't inspire confidence for the complicated stuff though, does it?

>>53208100
I guess it's "notice period" instead of cooldown, fwiw.

>>53208100
Ive used the SGB network since it came out and its working pretty swell, if they can run FLR like they do SGB im quite confident about the "complicated" stuff
but yeah were probably in for an SGB type of chart until the next year so another 70% down

>>53207933
kek well that would be nice. i've held a lot of ATOM airdrops down to nothing though desu

>>53206432
it was also on their website that they would launch the lastest in 2021 summer

>>53206163
So how to get the remaining 85%? Hold on the same exchanges or?

Why have I not received my air drop from Binance
but my normie friends that i told about it have got theirs wtf.. CZ STOP STEALING MY SHIT

>>53206350
>what is circulating supply?
15% of 85 billion, but its going to inflate to 85 billion stupidly fast.

10x incoming

>>53206338
I have the PS5 and pre-ordered the VR2 headset, comes in Feb. I'm buying up FLR from everyone dumping their bags for lunch money.

>>53206646
I bought at Gate.io, not problem withdrawing also.

>>53209139
Good chance it keeps dumping as the last exchanges allow people to withdraw or people just selling what they get later.

>>53208910
In about a year from now. That's a new Yachtmaster 42mm in yellow gold for me. I want it on a powder blue strap. I think that will look nice.

>>53209167
Yeah there's still no selling on Uphold, Binance, or Coinbase among plenty of others. Now Coinbase was very late in saying they'd support the airdrop, so a lot of people likely took their XRP off there. Binance is going to be a killer though.

>>53209167
I bought at .04 and I'm expecting it to be .02 tomorrow. I told myself to DCA under .05 so I'm doing it.

>>53209191
This essentially.
I was thinking of throwing in some cash but don’t want to just buy before a bunch more dumping over this year.

Good resource for where things stand at exchanges. Might be some lag in updating, but it's as good a resource as any
>https://www.flarepedia.com/tde

>>53209203
in it for the long run

how do I delegate bros?

Uphold's allowing transfers out. Just successfully moved mine to Bifrost

>>53206206
You have like 350$ of FLR. Big whoop. The absolute state of poors.

where are you guys buying from? I want to slurp

>>53206206
>>53206338
>>53206350
>>53206371
any exchanges have flr to buy?

>>53207432
>if that proposal passes
what are the odds of it passing?

>>53209635
its on the website, anon. looks like you can buy on kraken
https://www.flarepedia.com/tde
>t.coinbase xrp holder

>>53209654
Not sure. The vote will rely on people who are active, and it benefits people who are active, so it's not set up to fail.

Ok, slurped some more on Uphold. 25k pre-vote seems like a good number, with the prospect of that going to 166k+ after airdrops assuming the proposal passes.

Don't forget we'll all be getting rewards along the way too. I think my Songbird balance is 50% higher from rewards vs. what I got airdropped or bought.

>>53209512
really?
just go to app.flareoracle.io and the rest is pretty simple
I got my off the exchange into metamask and voila

Just bought an additional 300k, if it goes down further towards a cent I won’t mind puttting on more money. With the upcoming proposal your current stack will go x5-x6

>>53209654
i like to think its almost certain it will pass because its in the best interest of those involved, let me explain
the voting power is concentrated in those who are most invested in the network, hence they will vote to protect their higher interested
if the airdrop is continued as planned then all those who are dumping right now will continue to do so every following drop, theyre not participating or contributing anything they just put selling pressure to make a buck.
So if everyone who is involved votes for it to pass those who were not involved (aka wrapped and delegate) will stop recieving their tokens and they will now be distributed beetween those who are active hence removing selling pressure and rewarding those who participate.
hence i think its a no brainer for everyone whos voting and delegating.

>>53209910
Yeah I'm watching and waiting. DCA is a good strategy once you have a decent amount. Most people don't realize the multiplication factor incoming. And I think Binance still hasn't allowed trading, so there's a huge dip likely coming when that happens.

>>53209706
>>53209938
thanks
fingers crossed

>he thinks the airdop is over when he has to wait another 3 years to get the other 85%
lmao

>>53209635
see
>>53206670

>>53210057
this does seem to be a pretty important point kek

is 7k enough to make it
I'm waiting for it to fall to under .1 xrp/flr on bitrue

>>53207543
For the last time pajeet, scamming boomers over the phone is not a business.

Why did I get only 196 Flare in my Bitfrost Wallet while the XRPToolkit says 1,3k?
Spark claim: FLR 1,300

>>53210507
god i hope that is not a man

>>53206163
Any exchange that lets me use cash faster? Coinbase takes up to a week

>>53209910
If XRP gets clarity - arguably a 50/50 chance, then FLR will go above a dollar, maybe 2. No one would pass a roulette table with those odds. People would be lined up to get into the casino. I bought 120k today, and if we go lower I'll buy more. Aside from the XRP fud and a few shenanigans, Flare hasn't done anything really wrong (yet) - they're just getting started. It's a fucking fire sale right now.

>>53210507
god I hope she uses bybit and not some other shit bag cex because she can get the sex

>>53210715
Yeah you're basically stuck with using credit cards if you want it faster. Unless you have a balance at an exchange - then they'll let you transfer that amount in value out.

>>53210749
Firefox on mobile always sucks. It never lets me trade to other wallets.
It only works on my desktop.

>>53209512
https://portal.flare.network/

Flare is pre failed.

>>53210283
I have a large business. Been making money all day since my first question. People call me.

Anyway...
I have my address set correctly in the toolkit.
Followed all instructions.
I don't see where I'm getting access to the FLR though.

Where DAFUQ is my 15% of this supposed to show up?

>>53211033
the easiest way for a total retard like you to do it is to download BiFrost wallet and enter the keys associated with your "Flare address". You do have your keys right?

If you have to ask any further questions about this you should just fucking KYS, it is really pretty straight forward. Good luck business man, sounds like you need it.

>>53211033
Go to https://flare-explorer.flare.network/address/{copy Flare address here}

That will show you your balance. The Flare network is its own network, so you'll have to have access to that address in whatever way is described (i.e. use the key that was used to set up the airdrop)

>>53211106
So nothing will just show up on XRPscan?
Why not?

You meant my ETH address keys?
At no point did I receive keys to a "FLR address".

>>53209910
So if plan 2 gets passed then that 300k is just 15% of what you'll earn if you delegate it? 2 million FLR 3 years from now. Please correct me if I'm wrong.

>>53211162
the ETH keys are the keys to your FLR address. Time to KYS retard

>>53211131
Ah very good.
Takes half a day for one person to just post a fucking link.
This is why /biz/ isn't in business I guess.
Thank you sir.
I has my FLR.

>>53211214
Which I assumed and then surmised and then stated based on your shoddy reply.
No wonder you are a NEET. Business takes real effective communication.
You'd not make it far.

>>53211236
just look on etherscan to check if you got the airdrop and then add the flare wallet to your ledger, then send the flare to bifrost and delegate

>>53211218
Honestly, the network hasn't been in real use for 24 hours, so I didn't even have the link until a little while ago. We're all just fighting through the slop today

>>53208645
WRAP IT UP
YOU GOTTA WRAP IT UP

>>53211388
Thank you aSS man.
Now this is what has had me confused. I don't see anything on etherscan for that address.
However at the address this anon provided >>53211131 I see that I have had my 15% distributed. Any ideas on how this is the case?

>>53211438
Etherscan is for the Etherium network. Flare is on the Flare network using an Eth VM. Same address, different network.

I was waiting for it to drop more
it's going up
I'm scared
did I miss the bottom

>>53211162
did your check your BUSINESS' mail? They tend to send the keys for VIPs like you directly to their business via snail mail. Can't trust email with such sensitive data.

>>53211526
how can you even find your own ass when you need to wipe?

>>53211535
Hás flr been dropped to all users in all exchanges? If yea then probably won’t drop by more

>>53211526
Yes, that's pretty much what I was getting at with my question.
But, I'm not incredibly rude as a default. So I was using the Socratic method of questioning to the answer.

>>53211543
Buddy, I have had BTC since you were underage. I was in in 2012.
I know you NEETs live off internet points, but it's not real. No one knows you, no one knows me.
And as far as it goes, I've been shitposting online since probably 1994 so I beat you on that one too if I wanted.
>>53211579
>not being sure the holocaust is fake
Read up just a touch more.

>>53206338
>legit
>avax

>>53210507
196/15= 13.06
13.06*100 = 1306

Did anyone have their FLR sent to their Uphold account? Do we have to do anything on there to receive our monthly airdrop going forward?

>>53213215
nevermind. uphold is pretty bussin

>still don't have any flr

Do you have to go to some gay ass claim site for it?

>>53213458
Where did you have your XRP when the snapshot took place?

do i sell?

Can someone explain why the fuck my delegation isn’t doing shit? I delegated yesterday to pic related, 100% of my stash and yet it says 100% is unallocated? And 0 rewards? Fuck

>>53213605
First 2 epochs have no rewards so that people can get their act together and in the system

>>53209654
>what are the odds of it passing?
100% its going to pass.

Uhhh brossss.... I think I'm gonna uhhhhhh.... I think I'm..... Uhhhh.... I'm gonna SLOOOOORP

Don’t we have to do some shit with it when we got the airdrop? I can’t remember now it was so long ago.

>>53213540
I figured out that I'm a retard. I got it, but I had it on Exodus, so it shows up on xrpscan, but I can't access it in my exodus wallet. I suppose I'll have to go through flare to get my tokens?

Did anyone have their Xrp on XUMM wallet during snapshot?

>>53213696
Honestly not sure. All I can tell you is that maybe >>53211131 and/or https://www.youtube.com/watch?v=zv4L3Djh8Hc might help

What is the flare gatehub trustline for xumm? Anyone got a link?

>>53213856
Looks like it's built-in to Xumm. Just click the +Add button and go to Gatehub

>>53211213
You are correct, you can also say that instead of 3,5 cent per token I paid 0,5 cent

>>53213743

Can we withdraw from Bitrue yet? I haven’t even tried yet but I really need more FLR to move around

>>53214068

>>53213868
I’ve done this and got 0 balance

>>53209910
lmao are you retarded or what, with tokens being distributed ad infinitum the selling pressure is never going to end. Also now that flare is no longer endorsed by ripple, what is the project even supposed to be anymore?

>>53214296
Xrp bagholders literally missed defi summer 2020. They unironically still think big apy on inflationary token is a good investment

>>53214296
You can't be serious. This is the future of crypto/finance/the true eth killer. Don't get distracted by all the hoopla over the launch. Do your goddamn research.

>>53213696
You take your private key from Exodus in the XRP wallet - click top right corner - import that into MetaMask ( https://www.exodus.com/support/article/1524-flare-network-faqs-learn-more-about-spark-token#desktop-claim ) then send your FLR from Metamask to your Bifrost wallet (on smartphone) and delegate from there. It's a headache to do all of it but not too hard. After you do it once you'll get it and it's easy.

>>53213640
Yep, now that people are dumping their FLR for lunch money to people who know they can vote themselves the other 85% of those suckers' bags, it's a sure thing. I'm buying another 150k tomorrow and will vote myself those faggot's other 85%. It's a no-brainer.

>>53214353
Thats nice, just how is that going to negate the fact that the founders and their friends will end up with tens of billions of tokens that were created out of thin air? The volume getting dumped will be on an even larger scale compared to Jed jumping XRP, but nowhere near the same amount of volume from people who are buying the dip.

Business man sounds like a dick.

okey I bought
not much but 10k makes me feel allright even if it dumps sgb style because at least i had my chance to buy the absolute bottom and delegate before mayor changes

>>53213856
search gatehub flare
https://xrpl.services/tokens

>>53206163
Question: uphold says they will wrap our flare for us, any other upholders™ Know if this means we still need to specifically go and stake them or if we hold they will distribute our flare over the 36 months. Inb4 metamask/bifrost…no.

>>53207543
>BUT I RUN A BUSINESS

This going to be a general? We should definitely make a flare general as there will probably be a ton of future drops and info changes very fast.

We have far too many flare threads popping up and keeping up with the retards spreading wrong info is tough on multiple threads. a single place with resources and correct info (in the OP) would help this along.

>>53214375
o lord anon dont start having people import and export their private keys. Get your shit on a hardware wallet and use that to connect to the dapps. It is much safer to interact with defi that way, albeit a bit annoying to have to approve each txn, better than losing everything because you have a keylogger though.

>>53206163
Kek

>>53215661
ya but thats counting the soon to be defunct IOU market. The IOU market should not be included in any price since its not the same token. Its similar to the way wrapped assets have a slightly different price than the actual assets and the price of one doesnt necessarily account for the price of the other, see solanas version of wrapped btc.

For anyone that actually is interested in what's going on, Flare won't see any real value until F-Assets are enabled. That's in a couple weeks. A network is only as valuable as the information it is moving.

>>53215965
hush my sweet baby girl. No need to spoonfeed the timetable.

>>53216012
I don't believe in hiding knowledge. I won't spend any time trying to convince anyone, but I won't hide it lol. You and I both know there's plenty of food to go around where this train is going.

>>53216029
kek im just joking anon, ive also been spreading information far and wide on this. biz has brought me alot of good info, time to return the favor. 20x long on flare just opened to sit beside my huge stack.

add 2 more zeroes after the decimal point

I'm just in it for the FLR shitcoins.

>>53216154

>>53215965

> In a couple weeks

Anon.... It's... Not

i got 6k FLR in my metamask, now what?

>>53216781
Wrap it like you are supposed to wrap your dick.

>>53216814
wrap and delegate?

>>53216832
Technically, you don't have to delegate to get the rewards. You just also get the delegation rewards.

>>53216926
thanks

Gave in, got an extra 10k of it.
Time to see that bite me in the ass with the rest of the bad luck I've gotten.

Im accumulating SGB. Am I retarded?

>>53215718
this doesnt even make any sense
if the IOU says it is worth 4c that is the price people are paying to later withdraw off the exchange
what level of copium u can come up with doesnt change that

One thing I'm not understanding about this proposal thing: My flare got delivered to my ledger nano. I moved it to bitfrost and wrapped it. But if this proposal passes, how do I get the rest of my flare, as my original flare address will be empty?

Am I just retarded and completely missing something?

>>53217419
If fip1 passes then a new snapshot will be taken of all current flare holders and that will be that.

>>53217439

So, I don't even have to wrap it? Just hold it?

>>53217634
Pretty sure you've got to wrap and delegate.

>>53217744
gay
not selling
don't want to wrap
hope this stupid proposal fails
I get it, 'benefit' those who 'use' the network but I waited years for this crap and I just want it as promised and I haven't even complained about the delays
I don't want to have to jump through a bunch of hoops to get what I was already entitled to just because it 'feels' better to not give more airdrops to people who sold
I DON'T CARE IF THEY SELL, IT'S THEIRS TO SELL

>>53217186
do you even have to ask?

>>53207469
I also used railway wallet and my funds are hidden from the public, can I use this wallet for it?

how are you buying this as an american?

>>53218570
I haven't bought yet but I sent some funds to bitrue which has trading and set a limit order
hopefully it goes a little lower and it triggers

is 6k enough to make it as a poorfag?

>>53218613
probably not. The idea is to compound the rewards and I don't know if 6k is enough to get the cycle started.
The only way I have been able to figure out how to buy this is to send tether to bitrue or the like and exchange on the usdt/flr pair. anyone have an easier way?

>>53216532
yo is anyone creating a swap yet

>>53218635
BLAZESWAP

>>53218653
are people swapping shitcoins already?

>>53218554
I think any wallet can be used, but do you mean they are wallets that shields your funds from the fucking public spy?

>>53216926
Retard.
>>53216970
>>53216832
you most certainly have to delegate to get rewards. Once you have wFLR, you still have to point it towards an FTSO provider in order to earn the delegation rewards. On the delegation metrics page of the FTSO UI you will see a reward rate (some UIs show this some dont) which indicates how many FLR you will earn per 100 wFLR you have delegated to the provider.

>>53217286
The IOU does not give you any tokens. The IOUs are a purchase of airdrop rights. The IOUs were also a market, not on flare, not created by the flare team. There is 0 tying the IOUs to flare other than a CEXs promise.

>>53217439
>then a new snapshot will be taken of all current flare holders and that will be that.
My god why are all you retards spewing nonsense.
If fip1 passes then every single month there will 3 random snapshots taken of everyones wFLR balance. Those snapshots will determine the amount of flare you get in your monthly airdrop, this amount can change depending on how many wFLR you have. So if it passes, at any point during the 3 year distribution window, you will be able to "enhance" your drop by purchasing more flare.

>>53217634
The fip1 monthly snapshots are going to be based on your wFLR holdings. they want to reward network participation(delegating), while not rewarding nonparticipation(just holding)

>>53218707
Oh yeah anon, definitely it's only an on-chain privacy system built using smart contracts and powered by zk proofs could do that.

why is there so much trading all the sudden
price is sky rocketing

>>53219300
it's swapping between .1325 and .1305 nonstop trades
can I capitalize on this

>>53215604
Retards know self custody is more convenient especially for those with multiple wallets spread across multi-chains.

>>53218684
But why are jeets so scared of wallets... Have they been hacked like mine too?

>>53219316
>>53219326
what the fuck are you even talking about anon, you are typing word salads.
> self custody is more convenient
wrong, self custody is far more of a hassle than simply letting an exchange deal with it for you. Self custody makes you responsible for everything, it means no one but YOU has access to your funds(definitely not promoting holding on a CEX).
>But why are jeets so scared of wallets
what the fuck are you even talking about? this has nothing to do with the post you tagged.
>Have they been hacked like mine too?
sounds like you let your seed key slip out, let me guess, you stored it on your internet connected PC, or stored it on a cloud storage service.
Seriously anon, you sound like a retard.

Worst fucking Airdrop ever.

will it go any lower bros I keep waiting but it never happens
I'm losing hundreds of flare waiting

This trash is already overvalued

Pangolin's Pools Open, nibbas.

>>53218845
Yes that is for delegation rewards, not for the airdrop. By delegating you get both. The delegation rewards are not the airdrop rewards.

>>53218859
Correct, it snapshots your wFLR balance agnostic of any other information. Your delegating flare has nothing to do with airdrop rewards.

>>53218871
Please stop delivering incorrect information about the FIP01 proposal.

Isn’t flare suppose to be part of xrp? Lmao

IE, you can just hold WFLR without delegation. However, since you are going to be holding them, and delegating generates additional WFLR; you might as well delegate.
>This is what they are trying to convey.
But I will repeat, since you seem to not have a functioning front lobe. You do not have to stake your tokens to get your airdrop, you can just wrap them.
>You will not earn less airdrop tokens from not delegating. You just will not receive delegation rewards.

>>53219926
XRP and FLR are unrelated outside of the basic connection that FLR used XRP holders as their airdrop list.

>>53219946
also Ripple helped Flare to launch, among other investors

Are staked tokens locked up or can you remove them whenever? What about rewards?

>>53220012
And on the outside chance Flare actually launches F-assets, fXRP is likely to be the biggest one.

>>53220033
You can remove whenever and collect rewards weekly. There's a token pool for rewards, and you might have to wait a few hours for it to renew if you're late to the party

>>53218707
Why the panic? If you could fuck around Ore, you'd get your ass safe with a single password instead of multiple keys for authentication across chains and wallets.

>>53220107
Does it have identity plug?

>been waiting for this for over 2 years now,
>my measly flares are now worth $6.82

Does anyone know, is there a website that lists all the airdrops associated with flare?
like songbird had exfi,canary, oracle, etc...

>25% up on my 10k buy
is this what buying the bottom feels like?

Why hasn't coinbase done anything yet, motherfuckers

>>53223621
Was thingking the same, it's pretty weird it isn't aviable yet there.

>>53223562
I didn’t manage to get it at .02 or .03 but still feels nice to be in the green.
I’m still expecting more dumps but for now being positive is nice.

>>53223562
The bottom? What are you, insane? What do you think people do after epochs are up? They dump, lol.

Folks I don’t mean to drag you down, but there is A LOT of inflation coming, coins will be diluted, and f-assets have a long way in testing on sgb before they get here

Flare is a bit overvalued at the moment imo

>>53224027
I could go for some cheap flr below 0.01.
Only some of my xrp stack was below .30 and I could go for getting something really cheap but valuable later.

>>53206432
what shitty tokenomics kek only monkey nigger faggots would buy that shit.

>>53219913
The 3 random snapshots per month came directly from Hugo during the launch event.

>>53219935
You don't "stake" anything retard. You wrap your flare, then you delegate, which is letting the smart contract that holds your flare where to send the underlying flare. The wFLR stays in your wallet. If you don't delegate, you don't get any rewards each epoch. Stop trying to make anons lose rewards.

>>53220033
They aren't staked, they are delegated. Flare has a novel concept that allows you to utilize staked tokens in smart contracts while maintaining your delegation rewards(watch out for IL)

I hope anons are realizing that there are some bad actors on this board ATM trying to make you miss your first round delegation rewards tomorrow morning. You miss those, and then if fip1 passes, you miss out on some of your 3 years worth of airdrops. Don't fall for it.

>>53224282
I bought on Kraken, won’t let me transfer for 72 hours. I didn’t see if we could wrap there but I got my original ones wrapped and delegated. I’ll double check after work.

>>53224282
I thought people could buy at any time and get the distribution rewards regardless?
That is, there will be multiple snapshots through the 36 months to confirm the amount you have for the rewards you will receive?

>>53224282

Umm... I only delegated half of my first drop, kept the other half on my ledger because "never put all your eggs in one basket"... am I fucked?

>>53224347
fip1 hasnt passed yet, so at this time we are still on the original airdrop allocation. But when it does pass, it makes each and every flare in circulation hold rights to the other 85% of the drop. Meaning, the first round of delegator rewards, tomorrow morning, will include airdrop rights. Now the only people "technically" supposed to be eligible for delegator rewards tomorrow are airdrop recipients...now many many many people sold, so at this point, anyone with $.051 can purchase flare and be part of the first round of delegator rewards. Therefore, anyone NOT delegating properly, will reduce their maximum airdrop permanently (unless they purchase more flare).

>>53224282
I tripled my initial drop and delegated all of it. I'll be collecting the rewards from those that sold. Bunch of morons.

>>53224348
anon, while....what you did has merit....it doesnt quite mean what you think it means. Not going to fault you for splitting up your flare stack though, its a smart move in case one wallet is hacked. You can choose 2 delegators per wallet, I would split your stack between 2 delegators, and put that other half thats not delegated, to work and delegate it, in a separate wallet if youd like, just dont lose things!

>>53224092
>I could go for some cheap flr below 0.01.
>Only some of my xrp stack was below .30 and I could go for getting something really cheap but valuable later.
its anyones guess whats going to happen.
this token will inflate at a horrific rate, the pumpanomics are really bad, if you are looking for a moon mission anyways. im not saying it won't moon, but on paper, there is zero fundamental reason for it do so. Only whales buying up millions of them to earn fees later if the ecosystem actually gets traction, but there is no reason to believe it will or it won't, but the odds are against it. most crypto projects, even "good ones" fail.
>>53218613
>is 6k enough to make it as a poorfag?
its going to be tough anon...

>>53224419
>>53224397
i think this is a massive red herring, the dumping of the price will likely outset initial rewards from first delegation, and while it wont be 85%, you can delegate later and still get a lesser piece of that pie.
At least that is what I am seeing will happen.
Anyone can join in the distribution at any time

>>53224347
>there will be multiple snapshots through the 36 months
And yes, this is true. From the launch event livestream, Hugo laid this out: each month there will be 3 random unannounced snapshots that will determine your ownership of flare and subsequently determine your monthly snapshot allocation.

>>53224282
False, you're a bad actor. The delegation rewards for the first 3 epochs are being burnt. No rewards until later this month.

>>53224434
>this token will inflate at a horrific rate
yes this 100% true, the inflation will be something greater than ....like 2.75% per month(I think thats the airdrop monthly inflation, might be a bit different) plus the inflation from delegator rewards. The saving grace is that if fip1 passes, you will HAVE to hodl and delegate or you will NOT get the same airdrop you were supposed to, the fip1 vote specifically asks for 100% compounding of your position or you lose out in the long term.

>>53224455
Yep. And the only airdrop someone will miss by not delegating is going to be the current one, as they won't be delegated for the 3 random snapshots during that month (i.e. don't delegate for a couple of months, and you're missing a couple of months' worth of airdrops).

>>53224434
I know you are being pessimistic, nothing wrong with that.
We’ve also seen complete shit pump (and dump) before. Doge is still above .07 after years of a fraction of a cent.
Yes, there is a good chance this fails or doesn’t go anywhere for a long time, but could be great too a few years down the road and I’m not spending too much to add to my stack.

>>53217848
>hope this stupid proposal fails
bro...
>be me
>hugo
>market sell 10m iou's 48 hours before launch at .50c each
>crash IOU market by half
>get out on average price of .35c
>3.5m usd
>launch my shitcoin
>limit buy at .03c
>fill giant anonymous bags, rest of team did same
>make a proposal, that only the foundation can make(nobody else can make a proposal on flare)
>hold my "vote"
>get what I want
you never had a chance of this proposal not passing unless schwartz/larsen/mccaleb are working against it with private wallets, which is possible, maybe they are the ones thats had the IOU bag they dumped?

>>53224397
hey anon thanks,
does it matter where i delegate for given airdrops?

I AM NOT SELLING MY BIRDIES UNTIL I GET TO TEST S-ASSETS

>>53224536
For airdrops, no. For rewards, you might get more rewards with a better choice, but that's it. See the Reward Rate column here
>https://flaremetrics.io/

>>53224455
I was able to find this.
https://twitter.com/CryptoSunriseX/status/1612964812090408960
So it turns out the first 2 epochs of rewards are going to be burned due to exchanges not releasing the tokens in the time they pledged to. It doesnt change the fact that you need delegate asap in order to earn rewards. Also, they are burning the first 2 epochs, thats 1 week of rewards, not one month.

>>53224517
sorry anon, its not that I am pessimist, just trying to be level headed. I would like nothing more than this thing to moon wildly, i bought up 150k bag yesterday, and am setting up a limit order at .02 on off chance a market dump crashes it down to add some more.
You are 100% right, anything can happen, we have seen it over and over.

>>53224536
It does matter where you delegate, choose an FTSO provider that has the rewards rate listed on the metrics page, that way you can choose a delegator that gives the most rewards.
>>53224619
Also, this info is relatively new. As I have pointed out in many threads, information for this is scattered and is confusing people as things keep changing last second, I would follow the flare teams twitter for up to date info, seems to be how they are communicating.

>>53224535
so means back to 0.4?

>>53224607
>>https://flaremetrics.io/
this site indicates its showing the songbird chain, not the flare chain(top right)

>>53224607
>>53224536
Like this anon pointed out. The airdrop allocation will go to wherever your wFLR is, regardless of delegation. But there is little reason to NOT delegate as the wFLR stays in your wallet and is usable while delegating.

>>53224673
Yeah, it turns out, Flare is new. There's no history yet.

But it'll be the same providers giving the same data, and they do have history on Songbird.

>>53224673
Try this if that one doesnt display for flare, its an informative UI.
https://app.flare.flareoracle.io/ftso-metrics

>>53224655
>.04
no idea
I am not good at understanding the order book, what I see on kucoin is ridiculous tiny sums, they are hundreds to less than 50k flare trades. Nothing is going to move the price in a real way until a whale comes in there with a direction in mind and clears the deck in either direction which would be pretty easy.
I think there was alot of hope in retail that this would be a close to 1:1 with xrp at launch which didn't happen.
its all speculation, anything I say will likely be proven wrong in the next 5 minutes...

>>53224707
TY anon.
do you know, is there a similar site that shows all the associated flare airdrops(like exfi on sgb) for flare???

>>53224823
I dont know of any that are up atm, There are however some infographics I have seen floating around twitter. I am pretty sure well be seeing a great deal of drops coming in the months following. Dont forget, there is anther exfi drop coming.

Got 400K of these bad boys coming to me. Going to wrap and hope to have over 1.5MM by the 2024 bull run.

>>53224889
>2024 bull run
lol
lmao

>>53225077
Begone bear. The only bears we like around here are bearableguy and bearable bull.

>>53225077
If it goes back to .5 at those amounts I would be very happy.

>>53224889
>coming to me
Check to see if you have it now, unless one of those who held on coinbase or some other shit.

>>53224889
>400K
so you had a bag of 400k xrp at the snapshot?

>>53225357
Probably not, he more than likely bought them. Plot twist. He purchased $100k+ worth of XRP and stored them on coinbase....theyre "coming"

>>53225077
>hehe i talk in buzzwords

i bet you think you're an epic sigma male yeah bud?

>>53225460
baww

>>53224889
If your wrap and delegate them in 36 months you'll have 400k/.15 = 2,667,000. More than that even, if the FTSOs you choose are good. The only reason not to buy FLR right now is if you believe the price will be sub one cent 3 years from now. Or unless you think you can at least beat 8.5x on some other coin. If this was happening in a casino people would kill you to get to the counter to place their bets first. But in the crypto world we just stare at each other until it's too late, then we decide.

>>53226283
>The only reason not to buy FLR right now is if you believe the price will be sub one cent 3 years from now.
Im not trying to be a fudder, but are you at least open to the possibility this is sub 1c 3 years from now?
because its at least equally possible...

>>53226643
Doubtful this could be something that could happen. As assets get migrated over to the flare chain, think BTC, Tesla/apple stock, etc. The FTSO providers who are responsible for maintaining those assets will have to lock up flare as collateral. Its basically insurance for users when they do this. The cheaper the price is, the more the FTSO providers have to stake to keep things collateralized, which means more buy pressure. Once the system starts rolling we will see some serious price action. Plus when dapps start to be built that utilize the state connector and people start to realize what all the jargon and tech talk means, users will begin to purchase en masse. Things may take a little bit of time to get rolling, but once it does, its all downhill.

>>53226643
I know it's possible but I don't think it's likely. I give it about a 5% chance of total failure 3 years from now. I can take the loss if that happens, but I'm also considering the roughly 50/50 chance that XRP gets clarity. If that happens, FLR will moon also. Even without XRP clarity, my guess is that FLR will be close to .50 during the 2025/26 bullrun. Even if it only goes to about .15-.20 cents it's still about a 20x from here, considering I'm buying 85% of peoples' bags for just 15%.

Delegate all to one provider or spread out between multiple?

>>53226789
My math is bad, it's not 20x at .15-.20, but whatever.

Also what the difference between delegating at this link: https://portal.flare.network/ vs this link: https://app.flare.flareoracle.io/ftso-metrics
Is it the same thing?

>>53226789
>Even if it only goes to about .15-.20 cents it's still about a 20x from here
anon.... the current price is $.046. a 20x would be $.92
I believe the $1 is imminent. Above that will take the crypto market to stabilize. Even with the super high starting inflation, due to delegation and the monthly drop, if people continue to delegate, we have nowhere to go but up.

>>53226898
There is no difference in what UI you use. Each UI gives you the ability to delegate to any of the FTSO providers. Basically choose the UI that you like the most, some are waaaay better than others in that they display a ton of metric info and have other features, check the songbird panels to get an idea of what they will offer for flare once things start to go live.

>>53226898
Be very careful with any URL you go to regarding Flare. There are many scam sites that look very professional. I don't click on anything that I'm not 100% sure about. I double and triple check first. I'd recommend sticking with Bifrost or MetaMask for delegating. Even MataMask makes me nervous. At least Bifrost is isolated to my phone, and I barely use that for texts and calls.

>>53226920
>>53226878
>>53226789
kek anon, super bad math...
So think of things like this. One of the big things that flare is, is a bridge network. with the state connector, it can talk to literally any other blockchain (I think tradfi too?) now, thats just talking to it. But there is also the ability to bring assets from those chains onto flare. The way that this is done is via bridges that convert say, BTC to fBTC. Now normal bridges rely solely on tech. There is nothing backing the bridge, meaning it is exploitable, and this is proven time and time again as bridge funds continue to be drained. With the flare system. Bridges that create synthetic assets HAVE to be collateralized with flare. So what happens, if say....5% of the BTC supply gets moves on chain. Well the flare network HAS to be worth more than the 5%. Now what if 5% of eth is moved on chain, 5% of avax, 5% of ftm.....Do you see?

>>53226920
I got ahead of myself. It's 8.5x from here 36 months from now for new purchases. .15 would be an additional 3x, and .20 would be 4x - so roughly 12x at .20... it doesn't really matter. It's a safe bet, imo.

>>53226956
Yes you are 1000000% correct. There are already scams, I currently have a fuckton of "wFLR" in my wallet that was given to me by "flarefi.xyz" which is a scam website that asks you to enter your seed key. Double check the validity of your tokens before you do anything with them.

>>53227008
Lulz, ya I think is one of the safest plays out there atm due to the collateralization system for migrating assets onchain.

So is this site a scam?https://app.flare.flareoracle.io/ftso-metrics
I thought it was legit?

>>53227042
>>53227001
>one of the safest plays out there atm
I think it is too, but I get nervous when I think I'm right. I'm going to keep buying under .05 and then we'll see ;-)

>>53227135
Not at all. I just haven't checked it. It could be/probably is legit. Just double check it. It's not familiar to me, tho. But there are so many new URL, I can't keep up.

>>53225400
Im back. No, self custody. Ledger. I have them. Yes I owned 400K XRP pre snapshot. 300K Around a buck. Holding remainder.

>>53226283
Whoa didnt realize the rewards would be that high. In any case im hodling them, wrapping and passing down to my kids.

>>53227184
Sold 300K*

>>53227184
So far, then, what you got is what you got. Be sure to wrap and pay attention to the voting, might as well delegate.
I delegated to Bifrost but will do further looking when I get off of work.

>>53227135
Thats the one I am using, its legit. If you want to be certain, either pull links from an FTSO provider (they have links to each of the other providers on their metrics page, or should). Or get on twitter and find the provider you want there, and get the link directly from there. Right now the only scam I am aware of is the (((((flarefi.xyz))))) but I am sure there are others, so be on your toes. Rule of thumb is, if they ask you for your seed phrase, get the fuck out.

Regarding delegations, any FTSO that exceeds the 2.5% voting power cap has rewards diluted? So don't necessarily choose the provider with just the highest rewards but the one with the highest rewards and under 2.5% voting power?

>>53227344
>Rule of thumb is, if they ask you for your seed phrase, get the fuck out.
this for sure, also pay attention to what the wallet message is when you interact...

>>53227400
The reward rate should be taking into account overdelegation. But dont get too comfortable with your chosen delegator yet. The rates may end up going down as more and more stake, I think only around 30% of people have delegated so far, so there will probably be a good bit more dilution. Once things settle, you may want to check things out and redelegate to the best reward rate.

>>53227400
>ting power cap has rewards diluted?
god damn it.
at least gas is cheap af moving shit around....

hrm
i just did another 1300 usd buy on kucoin and it moved the price .005.
If someone went in there with even 25k and had a proper set of orders, you could basically make the price anything you want with very little capital...

>>53227507
I've been buying on Gate.io with very little slippage, if any. I bought with $5k at .047 and it didn't move.

>>53227135
>>53227344
Use the official portal:
https://portal.flare.network/