tommy
396 posts
"Technical Analysis doesn't work!!!"
Sure, buddy, keep telling yourself that.
#Flare $FLR
FlareSilver Vault@FV887606
Oh, @Travislc909...... Did someone say "Spring"??? 😂😂😂 #Flare $FLR
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@Multisiteltd It is not being increased over time on sgb. It starts with 2m on flr and then it is going to be increased. On sgb it is going to stay 2m and Hugo was very clear about it in todays ama
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@ARoMijas @FlareNetworks @thinkingcrypto @eToro @eToroES @Tali_Sal You are not going to and Its your own fault if you didnt delegate.
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@FlareNetworks @thinkingcrypto I still waiting to receive 75% of the FLR airdrop I was expecting few years ago having my xrp in @eToro @eToroES @Tali_Sal
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@4DadsFtso @HugoPhilion @SongbirdNetwork @FlareNetworks Serious question- seems like putting faith in a collateral based on low liquidity brand new stable coin is creating a single point of failure for fassets? Am I wrong?
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We are growing!!! In more way than one. Great message from @HugoPhilion and one that instills trust in the future of @SongbirdNetwork and @FlareNetworks
Hugo Philion@HugoPhilion
I’m seeing a lot of messages about “the bull run” and people saying “release FAssets now”. 1) We cannot release FAssets until the FTSO has a reliable price for USDX. We are waiting for USDX to be listed. This up to the issuer of USDX and is out of our hands. 2) If you really believe in blockchain then this bull run hasn’t even scratched the surface and we have a long long way to go. Being panicky about what happens over a 2 week timeframe is a sign that you don’t really believe in the future of crypto. As CEO of Flare labs and Chairman of the Flare Foundation I can’t be panicky. I must lead the team to build methodically for the future that is coming.
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My #Songbird peeps...
Remember when $SGB did a 235% pump in 6 days?
When this crypto moves, it moves FAST!
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@_Jayachi_ My guess is that flare intentionally wants to cap maximum fassets amount that can be minted in order to avoid raising sgb price. Its stupid if you ask me…
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Yes $SGB lock will be intense for #FAssets on Songbird.
But with only 350k USD in stablecoins on Songbird.
With a 1.5 x over collateralsation requirement in stablecoins and current $BTC price.
That's only 11.66 $fBTC that can be minted on Songbird.
DansBlock@Danrocky
With the current price of #Bitcoin and $SGB it will take more than 28 million $SGB in collateral to bridge one $BTC as $fBTC to #Songbird Just sayin 😉 #FAssets #Shipeverything
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@Multisiteltd I screenshoted it, will repost when fassets come out 😁
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@iaian_s @JasonPe17336925 And? I have millions of sgb wrapped. I will unwrap millions with a single press of a button and then put that amount into fassets. I will not buy any aditional sgb so i will not cause any extra demand even when i will put millions into fassets. MOST are in the same boat.
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@JasonPe17336925 #SGB value will increase from various ways #FAssets locks up $SGB
56% is wrapped due to the STSO which everyone seems to ignore the value of on this “testnet”
New users will also wrap
Defi isn’t in the top 10 #FLR usecases for $SGB to test
Coinbase has a lot 👀
The Tech 🔥
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🔥 Potential of SGB When FAssets Go Live 🔥
🚀 With FAssets launching soon on the Flare Network, $SGB is poised to play a critical role in securing assets like XRP, BTC, and DOGE on the network. Let’s imagine the potential! 🌐
💡 Example: If just 10% of the possible utility flows in:
•XRP adoption alone could send SGB soaring as utility and staking demand grow.
•Similar adoption from BTC or DOGE? We could be looking at significant increases in value! 📈
Question for the community: What are YOUR predictions for SGB’s value once FAssets is live? Will we see massive adoption, or is it too soon to tell? 👇 Let’s hear your thoughts!
#SGB #FlareNetwork #XRP #BTC #Doge #CryptoPotential #DeFi
ghostman 🌕@defidaddy23
Yes 10% is what I am expecting as well. No1 wants to sell their Moonbag but everyone wants their Moonbag to work for them.
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@0xMetavault @xrpjesus2 @SceptreLS Battletests are often done against 3rd party inferior enemy because risking cutting edge tech falling in the hands of the equal opponent because of small unforseen quirk is too high of a risk.
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@HelicopterPers1 @xrpjesus2 @SceptreLS I don't share this opinion. Battletests for weapon systems are also done on the frontlines not labs or test grounds.
As the attacker wouldn't have any motivation to develop / plan / execute to gain some bucks.
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@0xMetavault @xrpjesus2 @SceptreLS Thats is the main purpose of sgb. It is high risk canary network with actual value tokens. So attacker can attack it, gain value. The protocol will lose assets but the loses will be limited because on the canary network the worth deployed is limited.
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@xrpjesus2 @SceptreLS To be honest, a attacker which wants to extract money would not use a secondary/testnet.
As the attack needs him to gain something
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@NickXRP589 Thats cause its ath was in 2021 which is not recorded in this chart
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Look at the marketcap of $SGB during its ath in 2021🫢. Its not that much…
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@Multisiteltd @sandydylan Any crypto to crypto tx is considered same as crypto to fiat to crypto. So taxable event. Wrapping and unwrapping- dont think so since it is same token with same price but this one is not clearly described as it is new concept.
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If you swapped $SGB into $FLR is that a taxable event
Just swapped, not sold & re bought
I spoke to my accountant, he’s looking into it for me, I thought I’d ask
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@Multisiteltd Where you live? It is taxable event in 95% of the countries unless you live in some tax haven country.
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@FlareUtility Short term sgb could flip flr with fassets go-live. For sure. But I don't think it will be long before flr is back on top. The gap in utility between the 2 will increase over time as we will see more projects release directly to Flarenetwork and not Songbird
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There’s speculation that $SGB price will surpass $FLR
This is often justified with a comparison to $KSM & $DOT
However, this is not a like for like comparison
$DOT total Sup: 10m
$KSM total Sup: 1.4B
There are 140x more $DOT than $KSM
Price of $KSM is 5x higher than $DOT
1/3
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@blockAPEpro @FlareNetworks $FLR and $SGB is done.
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Hey @FlareNetworks How are those fassets coming along for $SGB?
🫶🫶🫶
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This is very worrying and it's the main reason the XRPL is nowhere near other chains in terms of activity, users, and adoption. If the main participants and holders aren't using this amazing tech why would others? The real question is why the people who selected "No" haven't used the DEX? Simply answering not knowing how is an excuse imo as it has already become super simple, plenty of videos and guides out there with a simple search, and especialy now with @XamanApp where in a click of a button you can swap two assets and there are plenty of other interfaces to do that. I'm really curious to learn and know why and I'm also here to guide if someone needs any help to understand more.
Blockchain Backer@BCBacker
Do you know how to use the XRPL Dex?
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