@MetaWolf18@HugoPhilion Haven't you seen Hugo in Ripple's recent videos explaining what FLR does for XRP? Haven't you heard Birla from Evernorth looking forward to cooperating with FLR to generate yield on their XRP? Haven't you heard that Uphold is looking forward to enabling XRP yield for their users?
@KingKaranCrypto With just 2.5-3B XRP in fXRP in next 1.5-2 years with XRP adoption and price rise it could change our lives drastically :) with 5B Hugo mentioned and with addition of fBTC, fLTC, fDODGE etc...oh man,I can not even comprehend :) These are ATL prices and I buy whatever possible🙌
Cycles are interesting in that they have zero regard for reality. Vs even 1 year ago Flare is in an inconceivably better utility position. More is coming with Flare 2.0, further expansion of XRPFi, the coming onboarding of meaningful institutional partners (finally), FSA is working to abstract away complexity, FIRE and FIP16 change the token economics for the (vastly) better. And those are just the things that we can discuss publicly. Almost everything we have set out to do is being done (barring adding more FAssets - in the works) and by and large it’s working.
But if you look at the whole crypto market you would think the whole industry is finished - despite more institutional interest and greater clarity than ever before.
Unfortunately cycles are a fact of life, even Amazon had a 94% peak to trough drawdown when the .com cycle burst - but the internet didn’t go away nor did Amazon and neither will crypto and certainly not Flare - which presents more utility than almost anything else in the market.
Every cycle teaches the same lesson, and every time we forget it: near the bottom it always feels like the end, but it never is.
I believe that we're closer to the turn than the mood would have you believe. The roadmap ahead is the thing we're here for. At Flare we trust in the process to ship great product - knowing that is the only true path to winning. Flare will emerge from this brutal winter fighting fit and offering more than ever for the next cycle.
@fthagovernment@unknowDLT Even so, ultimate goal is to have universal bridge currency, 24/7 ODL and unlocking nostro vostro locked liquidity...so XRP is what will enable world financial transition onto blockchain...otherwise they wouldn't resolve anything...
@saadakb27044496@PeterNordblom No, you are wrong. FLR is used as collateral in fXRP...as XRP price rise, more FLR will be needed as collateral. Very simple...
@CharuSan83 CharuSan, in your opinion does this soft lunch request deeper XRPL liquidity (price rise for token?) or it can operate on current price levels?
⚠️ Community Warning! 🚨
Scammers are everywhere, and they're growing increasingly convincing in their attempts to pry you from your $FLR.
Latest iterations shows scammers using @FlareNetworks logo as their organization, so using the logo as official verification is not valid.
If you want to be safe in this space, there are just a few simple rules you can follow:
✅Never share your *PRIVATE* key with anyone.
✅Never share your *SECRET* phrase with anyone.
✅Do not connect to websites you don't know.
Another great way to avoid most scams is to ignore any opportunities that feed on your greed with acompanied time pressures via DM.
🚫 THERE IS NO "Send me 1M FLR, I'll send you 2M back"
🚫THERE IS NO "Proposal to 5x Rewards on Flare"
🚫THERE IS NO "Redeem your Firelight points today"
You follow these rules and you will be fine, don't be greedy, important information will be posted via official accounts first.
If you want to do your bit and help protect the community, please feel free to share this post.
🙏 Stay Safe ❤️
@CharuSan83 Considering XRP is utility token and that you can make yield on it via FLR my goal is to keep most of it. Maybe 15-20% I will sell for mortage reasons etc :) but rest is just generational infrastructure asset and yield :)
@TheGrungieNFTs if we see 5B xrp in fxrp in next 1-2 years...plus all the others (BTC, Dodge, LTC, XLM...) then yes imho 3$ is inevitable :) and there are so many more use cases...3$ is even conservative for such ecosystem :)