Drummond ☀️

Professional cyclist in UK events industry… XRP, Flare, Songbird…

[MoonPay 🟣 @moonpay]

✅ 300,000 followers by Feb 1

🤑 $30,000 crypto giveaway for 𝕏 followers all year

💜 spread the word, hit the goal, unlock the prize

[Digital Perspectives @DigPerspectives]

🚨 The Clarity Act update.

Lock in. 😎👇

[Flare ☀️ @FlareNetworks]

Soon. May be sooner than you think.
Working around the clock.

You might want to hit this ↓

[Drummond ☀️ @DLTdrum]

@Nebuchadnzzr 1.5 x FLR is required for collateral so the FLR price would actually need to be much higher

Coston testing has demonstrated a huge supply shock due to collateral demands too

[💪 Just John (previously "Flare Community") @CommunityFlare]

💥 Based on this Post + Hugo's comments today in the monthly Ecosystem call, it seems like June is going to end with a bang!

F-Assets on #Songbird?

Time will tell!

[Drummond ☀️ @DLTdrum]

Thank you to @KoinlyOfficial for this great article covering UK tax on crypto.

One scenario I’m confused about:

If a person is in the lower income tax bracket and they make huge capital gains are they still only paying 10%?

https://t.co/9dOZPdLbN3

[Drummond ☀️ @DLTdrum]

@BestFtso I hold a big bag of NFTp, after reading the docs I’m not sure what role I am expected to play or why…

The docs state that the governance token will have $0 value…

So what’s the incentive to engage with the project?!

[Drummond ☀️ @DLTdrum]

Is there a date for the next #flarecommunity call with @HugoPhilion ?

The community would love to hear how F-Asset tests are progressing on Coston

What we sayin John? @CommunityFlare

@FlareNetworks
@lIllIlllIIIll

[Drummond ☀️ @DLTdrum]

@Danrocky @FlareNetworks @CommunityFlare Thank you, dodged a bullet there!!!

[Drummond ☀️ @DLTdrum]

Is https://t.co/Qm4iKqKEtT
a scam site?!

@FlareNetworks
@Danrocky @CommunityFlare

[Drummond ☀️ @DLTdrum]

@Danrocky @FlareNetworks Still ongoing… Clearing the cache hasn’t fixed the problem…

[Drummond ☀️ @DLTdrum]

Is there a bug on Flare Portal by @FlareNetworks ?

Flare portal states that I have nothing staked even though I’m getting rewards and my wallet shows the staking amounts correctly…

@Danrocky

[DansBlock @Danrocky]

I have been looking at the power #Fassets potentially could have on $SGB and $FLR's price. I believe the collateral in SGB and FLR will basically have the same effect as taking them out of circulation, since they are not accessible as long as the collateralized Fassets are on chain. And thats a huge effect, because at these prices it basically means a huge chunk of SGB and FLR are removed from circulation. E.g. my initial calculations I use in my price prediction model, show that only 25 million USD bridged Fassets could consume as much as 1 Billion SGB. That's again going to have a significant impact on Market cap and price.

[Blockchain Backer @BCBacker]

🤝

[Drummond ☀️ @DLTdrum]

@CommunityFlare @tony_morisset Thank you… I still struggle to see why an agent would take the risk of backing an insurance pool (to the tune of 2.5X the F-Assets minted) in return for a small minting fee…

Where are the insurance pool funds coming from?!?

[Drummond ☀️ @DLTdrum]

@Tartarygenetics @CommunityFlare @tony_morisset That makes no sense, multi asset collateral is already at risk… Why would agents put up collateral risk plus the insurance pool, a much greater risk?

If the flare community have to take the risk then we are all being played, please explain this @HugoPhilion

[Drummond ☀️ @DLTdrum]

@CryptoPraetoria @CommunityFlare https://t.co/4uCZAVgb7S

[Drummond ☀️ @DLTdrum]

@CommunityFlare @tony_morisset Agents will compete in auctions to win commissions, earning minimal rewards, why would they risk 2.5X value of the F-assets minted?

If Flare is the solution to bridges, $billions will come in and have to be backed by 2.5X, who’s assets are providing value to the insurance pool?

[Drummond ☀️ @DLTdrum]

@panosmek @CommunityFlare https://t.co/4uCZAVgb7S

[Drummond ☀️ @DLTdrum]

@CommunityFlare @tony_morisset Agents will compete in auctions to win commissions, earning minimal rewards, why would they risk 2.5X value of the F-assets minted?

If Flare is the solution to bridges, $billions will come in and have to be backed by 2.5X, who’s assets are providing value to the insurance pool?

[Drummond ☀️ @DLTdrum]

@CommunityFlare @tony_morisset Agents will compete in auctions to win commissions, earning minimal rewards, why would they risk 2.5X value of the F-assets minted?

If Flare is the solution to bridges, $billions will come in and have to be backed by 2.5X, who’s assets are providing value to the insurance pool?

[Drummond ☀️ @DLTdrum]

I’m sitting pondering where the value comes from for the SGB / FLR insurance pools?

If F-Asset collateral is made up of multiple tokens, let’s say $1 billion worth

How is the $2.5 billion met for the insurance pool?

@timrowley
@banker_defi
@Moonchaser2020