Discover and read the best of Twitter Threads about #FTSO
Most recents (3)
[1/🧵] Is this you? 🤨
• Holder of #XRP since December 2020
• Has never heard of $FLR before (Hello, #Spark?)
• Has no idea what the fuss is all about
• Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. 🧵👇
• Holder of #XRP since December 2020
• Has never heard of $FLR before (Hello, #Spark?)
• Has no idea what the fuss is all about
• Slept under a rock for two years
Allow me to bring you up to speed w/ this crash course on @FlareNetworks and $FLR. 🧵👇
[2/20] If you've been following this topic, you'll recall that there was once a #XRPL snapshot:
• 12th December 2020, 00:00 UTC
• #XRP Ledger index 60,155,580
. . .
• 12th December 2020, 00:00 UTC
• #XRP Ledger index 60,155,580
. . .
[3/20] . . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
→ claim period expired on #XRPLedger index 64,204,315
→ Message could be changed until 11th June 2021, 23:59 UTC
. . .
You may recall that you had to claim your #Spark coins by providing your #EVM-based $FLR address in the message key field of your #XRPL account.
→ claim period expired on #XRPLedger index 64,204,315
→ Message could be changed until 11th June 2021, 23:59 UTC
. . .
Some thoughts and explanations on @FlareNetworks novel and decentralised governance structure involving use of #Songbird network with interesting game theory mechanics:
Quite a long thread 👇🧵
Quite a long thread 👇🧵
The Flare network is organised as an open ecosystem of #dApp providers, infrastructure providers (#FTSO, #Validators, #APs) and its #Citizens (FLR holders) all interacting through the network’s pre-defined contract logic.
When it comes time the need to implement changes to the network parameters, a system for governance or “rule making” is required in order to coordinate the interests of the most amount of participants in the ecosystem.
1/n
Here's some thougts:
*disclaimer* spent all night working on our own algorithm so these tweets are fueled by only 3 hours of sleep😄
#SongbirdNetwork #songbird #Flare #FlareNetworks #FTSO #INeedSomeCoffee
Here's some thougts:
*disclaimer* spent all night working on our own algorithm so these tweets are fueled by only 3 hours of sleep😄
#SongbirdNetwork #songbird #Flare #FlareNetworks #FTSO #INeedSomeCoffee
2/n Id like to make clear that the #SongbirdNetwork has not been exploited, the FTSO system so far has been resilient enough to this kind and size of abusive behaviour. However it could still be swayed to a truly innacurate price given enough funds. But this has not happened yet!
3/n For example, the pink dot around the $18500 mark are (sadly) undoubtedly innacurate prices for $ADA, but given the VP this provider has, the FTSO system simply discards it.
If the provider had around 10% of the VP, the price could swing upwards a bit but still not by much!
If the provider had around 10% of the VP, the price could swing upwards a bit but still not by much!
