Nat99 Posted June 15, 2021 Share Posted June 15, 2021 2 minutes ago, Eric123 said: @4Fingers based on the info in the article posted by @JASCoder which is related to the video I subsequently posted. the IOU market is used to establish the fair market value of the actual Spark token. So, you think $1.68 is what it would be worth if it was distributed today? Everybody here who has claimed their FLR would add twice the value of their current XRP stack in USD terms. Hard to believe FLR is worth twice as much as XRP... Link to comment Share on other sites More sharing options...
xrp-nuke Posted June 15, 2021 Share Posted June 15, 2021 16 minutes ago, Nat99 said: and the battle against resistance is 49k Before that is 45k Link to comment Share on other sites More sharing options...
brianwalden Posted June 15, 2021 Share Posted June 15, 2021 (edited) 39 minutes ago, Eric123 said: @4Fingers based on the info in the article posted by @JASCoder which is related to the video I subsequently posted. the IOU market is used to establish the fair market value of the actual Spark token. Edit: [moot point] Edited June 15, 2021 by brianwalden Eric123 1 Link to comment Share on other sites More sharing options...
xrp-nuke Posted June 15, 2021 Share Posted June 15, 2021 10 minutes ago, Nat99 said: So, you think $1.68 is what it would be worth if it was distributed today? Everybody here who has claimed their FLR would add twice the value of their current XRP stack in USD terms. Hard to believe FLR is worth twice as much as XRP... It can be very well worth 3$ per token for simple thing: - small market cap in first month, 15% of 45B, so 3 bucks brings it to 20B CMC Add to that hype, airdrops, % APY on staking, DeFi hype and etc. P.S. I am greedy 🤣🤣🤣 Link to comment Share on other sites More sharing options...
brianwalden Posted June 15, 2021 Share Posted June 15, 2021 20 minutes ago, Nat99 said: Like, I still don't know how this is gonna look like. I provided the ETH address and signed the message from my ledger S. Then what? Spark is not ERC20, right? So, how will this thing appear? When will I actually get to see my Spark tokens? Do you know how this will all work? Pretend crypto addresses are safety deposit boxes. The Ethereum address you gave them is box 12345 at the Bank of Ethereum. When the Flare Network launches, your FLR will be deposited into box 12345 at Flare Bank, not the Bank of Ethereum. If you go to Flare Bank, the key you've got for box 12345 at the Bank of Ethereum, will unlock that same box at Flare Bank. At that point you'll be able to use any of Flare Bank's other services such as FTSO voting and any DeFI apps built within the bank. automatic, Babelly and Nat99 2 1 Link to comment Share on other sites More sharing options...
Eric123 Posted June 15, 2021 Author Share Posted June 15, 2021 8 minutes ago, brianwalden said: No it doesn't. The article you're referencing says the exact opposite of what you just said. I meant to write the IOU market is "NOT" used. I'm changing it now. Link to comment Share on other sites More sharing options...
Eric123 Posted June 15, 2021 Author Share Posted June 15, 2021 25 minutes ago, Nat99 said: So, you think $1.68 is what it would be worth if it was distributed today? Everybody here who has claimed their FLR would add twice the value of their current XRP stack in USD terms. Hard to believe FLR is worth twice as much as XRP... I agree. I don't know what price FLR will end up opening at but I would guess it would be below XRP's price. Link to comment Share on other sites More sharing options...
B088IN Posted June 15, 2021 Share Posted June 15, 2021 1 hour ago, Eric123 said: I agree. I don't know what price FLR will end up opening at but I would guess it would be below XRP's price. I guess the other plus side is there isn’t a SEC case over FLR which may add value to its initial pricing possibly? Chookstar and DannyRipple 2 Link to comment Share on other sites More sharing options...
Neurotoxin Posted June 15, 2021 Share Posted June 15, 2021 2 hours ago, Nat99 said: Like, I still don't know how this is gonna look like. I provided the ETH address and signed the message from my ledger S. Then what? Spark is not ERC20, right? So, how will this thing appear? When will I actually get to see my Spark tokens? Do you know how this will all work? Hmmm, all I did was park my zerps on participating exchanges on the snapshot date (bitstamp and coinbase) so I too have similar questions. I assume the exchange already has recipient wallets created and when the network goes live, we’ll see the balance on our accounts? Link to comment Share on other sites More sharing options...
Chookstar Posted June 15, 2021 Share Posted June 15, 2021 2 hours ago, Neurotoxin said: Hmmm, all I did was park my zerps on participating exchanges on the snapshot date (bitstamp and coinbase) so I too have similar questions. I assume the exchange already has recipient wallets created and when the network goes live, we’ll see the balance on our accounts? I did the same, and that’s how I expect it will play out. Neurotoxin 1 Link to comment Share on other sites More sharing options...
Nat99 Posted June 16, 2021 Share Posted June 16, 2021 8 hours ago, Neurotoxin said: and when the network goes live did they communicate an exact date when the first batch will be airdropped? Link to comment Share on other sites More sharing options...
Neurotoxin Posted June 16, 2021 Share Posted June 16, 2021 1 hour ago, Nat99 said: did they communicate an exact date when the first batch will be airdropped? I don’t believe they did. I think what they said was that they expected the network to go live some time this summer. I had heard somewhere that it might have been by June but I’m not sure if that was just someone’s guess rather than an actual statement by the guys at Flare. That was many months ago and we’re already halfway through the month and I haven’t really heard any announcements, though to be fair, I haven’t really been paying too much attention lately. I’m sure @Seoulite is WAY more up to speed than I am when it comes to that, as well as many other members like perhaps @brianwalden and @Flintstone. They’re definitely more active than I am when it comes to technical stuff. @Julian_Williams has also been following Flare way more than myself so he might have some insight. Maybe none of them know, but it’s worth an ask Nat99 1 Link to comment Share on other sites More sharing options...
brianwalden Posted June 16, 2021 Share Posted June 16, 2021 5 hours ago, Nat99 said: did they communicate an exact date when the first batch will be airdropped? They haven't set a launch date yet. The latest communicated estimate is late June +/- 2-4 weeks. Neurotoxin, Nat99 and Flintstone 2 1 Link to comment Share on other sites More sharing options...
xrp-nuke Posted June 16, 2021 Share Posted June 16, 2021 Any thoughts where BTC is heading? 🤣🤣🤣 Link to comment Share on other sites More sharing options...
NMNR Posted June 16, 2021 Share Posted June 16, 2021 7 minutes ago, xrp-nuke said: Any thoughts where BTC is heading? 🤣🤣🤣 I don’t think it'll be going down the way you want. DannyRipple and Ramforinkas 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now