JASCoder Posted December 22, 2022 Share Posted December 22, 2022 (edited) I know absolutely zero about this - if it’s a waste of time LMK I’ll delete thread DYOR https://sologenic.medium.com/coreums-mainnet-launch-date-new-airdrop-and-upcoming-plans-for-q1-2023-f4294e26fb0e Edited December 22, 2022 by JASCoder henne111 and HAL1000 2 Link to comment Share on other sites More sharing options...
Gringo Posted December 23, 2022 Share Posted December 23, 2022 The xCORE Airdrop is a smart move to avoid sale pressure of both SOLO and CORE until the Coreum Mainnet is launched. JASCoder 1 Link to comment Share on other sites More sharing options...
panmores Posted December 23, 2022 Share Posted December 23, 2022 All Sologenic stuff has no traction and no life. Now they blow up the price of Core again, people buy tops, then back to crumbs. Careful out there! VanHasen 1 Link to comment Share on other sites More sharing options...
Gringo Posted December 24, 2022 Share Posted December 24, 2022 Quote Mainnet Launch Date: The highly anticipated mainnet launch of the Coreum Blockchain will take place on the 24th of March 2023 at around 04:00 AM UTC. "no life". It is unborn yet. It will be alive starting late March 2023. Link to comment Share on other sites More sharing options...
panmores Posted December 24, 2022 Share Posted December 24, 2022 Yeah you don't milk users 2+ years long with faraway announcements and invent mechanisms to artificially increase coin value. You can tease and would love to be proven wrong, but anything Sologenic is a dead end. Link to comment Share on other sites More sharing options...
jn_r Posted March 15 Share Posted March 15 (edited) Is this worth setting the trustlines? I only own XRP, no CORE, xCore or SOLO.. These guys must be world champions in airdropping. https://sologenic.medium.com/coreums-mainnet-launch-date-new-airdrop-and-upcoming-plans-for-q1-2023-f4294e26fb0e Edit: The catch, a far away maturity date: "xCORE is an Option Token that can be exchanged for CORE tokens if the CORE price reaches and stays above $10.00 for 240 consecutive hours (10 days) or expires on March 24th, 2025, 04:00 AM UTC. After its expiry, regardless of the price, holders of xCORE are eligible to exchange 1:1* to CORE tokens via a smart contract on the Coreum Blockchain." Edited March 15 by jn_r panmores 1 Link to comment Share on other sites More sharing options...
nikolas22t Posted March 21 Share Posted March 21 Is it safe to add the xcore trustline ? Link to comment Share on other sites More sharing options...
jargoman Posted March 22 Share Posted March 22 18 hours ago, nikolas22t said: Is it safe to add the xcore trustline ? You can trust any coin you want as long as you disable rippling for that coin. Link to comment Share on other sites More sharing options...
xrp_sea Posted March 22 Share Posted March 22 If I were to setup a trustline in order to get this airdrop, what am I trusting them with exactly? In other words, what’s the worst that could happen? Link to comment Share on other sites More sharing options...
eXtRaPolate Posted March 23 Share Posted March 23 This is from the Sologenic website: https://sologenic.medium.com/coreums-mainnet-launch-date-new-airdrop-and-upcoming-plans-for-q1-2023-f4294e26fb0e "If you hold your SOLO and/or XRP tokens on decentralized wallets like SOLO DEX and XUMM and you wish to participate in the xCORE Airdrop, you should establish a trustline with xCORE gateway on the XRP Ledger. You can watch this example video here and change the parameters with the followings specs: xCORE Gateway (Issuer): r3dVizzUAS3U29WKaaSALqkieytA2LCoRe xCORE Currency Code: 58434F5245000000000000000000000000000000 Limit: 50,000,000 If you hold your XRP and/or SOLO holdings on a centralized exchange, you need to contact your exchange to make sure they will support this Airdrop for the XRP and/or SOLO holders on their exchange." Link to comment Share on other sites More sharing options...
eXtRaPolate Posted March 23 Share Posted March 23 9 hours ago, xrp_sea said: If I were to setup a trustline in order to get this airdrop, what am I trusting them with exactly? In other words, what’s the worst that could happen? The following is directly from https://xrpl.org/trust-lines-and-issuing.html: "Trust Lines and Issuing Trust lines are structures in the XRP Ledger for holding tokens. Trust lines enforce the XRP Ledger's rule that you cannot cause someone else to hold a token they don't want. This precaution is necessary to enable the XRP Ledger's use case for community credit among other benefits. Each "trust line" is a bidirectional relationship consisting of: The identifiers for the two accounts that the trust line connects. A single, shared balance, which is positive from the perspective of one account and negative from the other perspective. The account with a negative balance is generally considered the "issuer" of the tokens. However, in the APIs, the name issuer can refer to either side. Various settings and metadata. Each of the two accounts can control its own settings on the trust line. Most importantly, each side sets a limit on the trust line, which is 0 by default. Each account's balance (from its perspective on the trust line) can't go above that account's limit, except through that account's own actions. Each trust line is specific to a given currency code. Two accounts can have any number of trust lines between them for different currency codes, but only one shared trust line for any particular currency code." The way I understand it is that you are linking a single path to your wallet between two accounts. This allows the issuer to send you tokens based on your [token] holdings specific to that token. So with XCORE, they should be able to see your XRP balance only since it is relevant to that particular transfer setup. They should not have access to your XRP (in this case). They should (PLEASE CORRECT ME IF I'M WRONG HERE) only be able to transfer tokens unidirectionally. Meaning sending them in your direction without being able to pull them back. I haven't personally had any issues, but I've also not partaken in anything that looks really shady up to this point. That's typically why I wait until pretty last minute to set trust lines. Others (that are smarter than me) often sift through the B.S. well before I ever could. Hope that helps. xrp_sea and PunishmentOfLuxury 2 Link to comment Share on other sites More sharing options...
VanHasen Posted March 24 Share Posted March 24 On 3/15/2023 at 9:43 AM, jn_r said: Edit: The catch, a far away maturity date: "xCORE is an Option Token that can be exchanged for CORE tokens if the CORE price reaches and stays above $10.00 for 240 consecutive hours (10 days) or expires on March 24th, 2025, 04:00 AM UTC. We'll have to wait 2 years, i guess Link to comment Share on other sites More sharing options...
PlanK Posted March 25 Share Posted March 25 2 years is par for the course. FLR 2 years. SEC lawsuit 2 years Next ATH? Link to comment Share on other sites More sharing options...
jn_r Posted March 25 Share Posted March 25 So if everybody would behave rational, the price of xcore would slowly increase and would never exceed the price of core, and the amount of core tokens would double so the price of core would slowly delute to half the value... Or something, who am I kidding thinking these markets behave rational BillyOckham 1 Link to comment Share on other sites More sharing options...
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