$XRP Finally reached $1.80 👍
As promised, I want to change someone's holiday and send 10,000 $XRP (~$18,000) to one person by tomorrow.
Just like, retweet and comment '$XRP'.
Random winner in 24 hours. I will announce as a tweet at 12pm EST Sat
I will keep posting this in hopes that as many people as possible in the XRP community will read it and will understand how critical market makers are, especially as AMM is now enabled.
Bob Way is a former Ripple employee, in his own words he worked on the issue of creating liquidity for XRP, as liquidity is crucial in order to use XRP to solve business problems for Ripple.
Incentivizing liquidity providers will also be the solution to raising the price of XRP (if you read what Bob wrote below you will understand why). It is true that ODL in itself will not raise the price of XRP... BUT because of market makers NEEDING to buy XRP it will INDIRECTLY. So this is not just the solution for XRP price action when it comes to ODL but also for things like institutional DeFi in cases where XRP is used and all other use cases. The AMM will likely be an engine of growth for the whole network, in other words.
At large, when it comes to price action, don't complicate things... stick to simple demand/supply dynamics (introductory level macro economics). The more XRP is used, the more people hold it, the more use cases it has.. the higher the price, in general (all other things equal).. everything else is just a distraction, don't get manipulated.
Not financial advice.
STOP using the AMM (all interfaces) , do NOT deposit any new funds, redeem whatever you have deposited immediately. We are waiting for Ripple's statement. Until then stay safe and do not interact with the AMM. https://t.co/tOHYhAdWam
Are you still catching up on the AMM, and you still don't know what this is, how it works, what are the benefits and risks? We got you covered:
#XRPL#AMM#XLS30#InternetOfValue#IoV
https://t.co/wiibmqubRe
I was wondering why did that happen, since there was plenty of liquidity on the CLOB DEX that should prevent it, and I just learned that single-sided deposits only go through the AMM 😳 Normally there is two-way interoperability between the AMM and CLOB and when swapping it automatically finds the best paths to swap.
My question is why aren't single-sided deposits (since it involves a swap and swaps 50% of the asset for the other) integrated with the CLOB as well? If there is an issue and can't be done technically I can understand, but if not, it's a flaw in the system and needs a fix amendment since it basically renders that feature useless and dangerous, especially for low liquidity pools or big single-sided deposits. @JoelKatz@jazzicoop@msvadari
After a year and a half, it's time to publish the 2nd version of the book with updated information and new chapters that cover all the latest and most important trends and developments. This version will not only focus to beginners, but businesses as well. Coming next month.
Putin’s synopsis of the current state of the US is ASTONISHING!
He states that the “ruling elite” are behaving like an “empire”, and he is ready to build relations when “fundamental changes” take place.
Pretty much saying when Trump returns, then we can talk.
“When certain fundamental changes take place [in the United States], they will begin to respect other people, other countries, to look for compromises rather than using sanctions and engaging in combat operations in a bid to resolve their own problems. In this case, the fundamental conditions will be created for the resumption of full-fledged relations. So far, there are no such conditions. But we are ready for that.”
https://t.co/H8po0TmQ13
This has to be the most satisfying and nerve-wracking thread I've ever created. 😅
People hating on Evernode, hating on the procedure and not understanding anything, and people loving the guide and being thankful—I had it all this time. 🤗
I am quite glad that I went through it and that many others found it helpful, but I believe my batteries have run out after replying to hundreds of public comments and DMs asking the same questions again and again.
Fortunately, the deadline is tomorrow. 😉
**HOW TO CLAIM TO THE #Evernode AIRDROP**
a rough guide. *this is assuming you have your #xrp on a ledger.
1) Download xumm on your phone if you dont have it.
2) When you are setting up Xumm - you are given 3 options - If your crypto is on a ledger, then IMPORT your wallet to xumm - but only READ only. Do not import your keys. You can do this by scanning the QR code on ledger live (from your Xumm app on your phone)
3) Set up a new wallet on Xumm. This is separate from your ledger wallets, this will be a brand new wallet. Just go to add account. In theory now, you should have at least TWO accounts in your Xumm. A ledger account (balance only - read only) and your new Xumm wallet account.
4) Go to the xrptoolkit (https://t.co/bxDNHgTv1h) and connect your ledger. Go to ACCOUNTS and scroll down to SIGN. Put your XUMM wallet address in the appropriate box (look at screenshots below). Sign the transaction on your ledger.
5) Go https://t.co/L9ri2mjtd4 and you will be given a QR code to scan within your XUMM app. Scan it and it will ask you to confirm the airdrop claim.
6) You are now done.
7) If you have multiple accounts on ledger you will need to do this process for ALL accounts.
thanks to @VictorVictory75 for helping me out.