Minutes ago I transferred all Ripple (XRP @coingecko) that I have to the Nexo platform*.
I bought XRP way back in October 2018 when crypto heaven was at arm's reach. @toofasteddie, remember the horses? :)
Today XRP is worth less than a half less than it was two years ago. In fact, I don't know why am I holding it?
So I finally made a move, sort of.
I combined two initiatives:
1. Flare Spark Airdrop
2. Nexo Dividends
I won't go into the details here since I want to get some sleep tonight. Let's just briefly outline why I think (hope) this was a prudent move.
Flare Spark Airdrop
Flare is a platform that's building some interesting stuff parallel to the Ripple platform. Their blockchain will launch sometime after December 2020. They decided to distribute (airdrop) their native Spark tokens on at least a 1:1 basis to the XRP holders as of December 12th, 2020. Read more in the official announcement.
There are two ways for XRP holders to get hold of Spark:
- To go through a sort of registration procedure of their XRP address(es).
- To put their XRP in the hands of the exchanges that will support the airdrop.
Currently, twelve exchanges and platforms have announced that they will support it.
Among them Nexo platform*.
I have an account there for a long time. It was empty until this evening. Now I have trusted them with some XRP.
Which brings me to the second reason.
Nexo Dividends
Nexo*., apart from being a sort of exchange, is primarily a lending platform. Their living consists of giving loans in crypto and fiat currencies. You can repay the loans with crypto.
They also distribute dividends to holders on the platform. These are in the assets deposited or in their native token Nexo (ERC20).
They also promise that they will issue a plastic and virtual card to spend your (loaned) assets wherever you wish. I am still waiting for the card.
The following link - https://nexo.io/nexo-card?referral=iWBqX2z - is my personal referral link through which I might get the card sooner. Who knows ...
The gist
Flare Spark airdrop when you have your XRP address properly registered or on supporting exchange.
Nexo dividends for holding your assets on their platform.
Read the article and follow the links for more.
This article is also parallel to the #summit330 series. Read more about my crypto-financial ramblings.
Summit 3000, history of articles
| Date | Article | Type | Channel |
|---|---|---|---|
| 27.10.2020 | Summit 3300, Day 25 - Penultimate Blurt Withdrawal | channel report | A - Blurt |
| 23.10.2020 | Summit 3300, Day 23 - Hive and HBD to BTC | channel report | B - HBD, C - Hive |
| 24.10.2020 | Summit 3300, Day 22 - Claiming From Bitcoin Faucets | channel report | E - Faucets |
| 22.10.2020 | Summit 3300, Day 20 - Selling Splinterlands Cards | channel report | F - Splinterlands |
| 18.10.2020 | Summit 3300, Day 16 - Hive and HBD | channel report | B - HBD, C - Hive |
| 17.10.2020 | Summit 3300, Day 15 - Scorum, First Week of Power Down, Sell to ETH | channel report | D - Scorum |
| 16.10.2020 | Summit 3300, Day 14 - Blurt Again | channel report | A - Blurt |
| 12.10.2020 | Summit 3300, Day Ten - Selling HBD And Hive | channel report | B - HBD, C - Hive |
| 09.10.2020 | Summit 3300, Day Seven- BTC Trading | channel report | 0 - BTC |
| 04.10.2020 | Summit 3300, Day Two- Continuing With HBD | channel report | B - HBD |
| 03.10.2020 | Summit 3300, Day One - Starting with Blurt | Intro, channel report | A - Blurt |
Disclaimer
This article shows my actions and ideas. It is not to be taken as financial advice. Do your own research and make your own decisions. Of course, we can debate them and help each other.
Links marked with * are affiliate links. If you use one of them to join an offering we can both gain. Again, the decision is yours. Yet, you can trust me that I only promote what I use.
Better and better