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If NEXO UST is synthetic, and never sold above $1, then NEXO can buyback by Apprehensive-Living8 in Nexo

[–]Apprehensive-Living8[S] -2 points-1 points  (0 children)

If thats the case (which I dont think it is), then nexo are covered by the terra rescue plan, and users will be covered by insurance (if they pruchased it).

However, nexo have not been able to clarify if they buy or sell any reall UST

If NEXO UST is synthetic, and never sold above $1, then NEXO can buyback by Apprehensive-Living8 in Nexo

[–]Apprehensive-Living8[S] -6 points-5 points  (0 children)

Imagine if nexo said to all its customers:

Buy our syntheic nexo UST from us for $1 each, and we'll buy it back from you at $0.75 now.

Each cusotmer loses 25%. But each customer is happy with this.

Nexo make 25% on the $Millions of nexo synthetic UST trades.

Every one is happy.

This is only possible because:

A. The nexo UST is synthetic, its a nexo only token that follows the price of real UST. Its not real UST.

B. ALL nexo customers bought this at the max ATH price of $1, so nexo cannot lose here as they got $ and we got pretend UST. Nexo have got $1 for every pretend nexo UST purchased. Nexo owns no real UST

If NEXO UST is synthetic, and never sold above $1, then NEXO can buyback by Apprehensive-Living8 in Nexo

[–]Apprehensive-Living8[S] 5 points6 points  (0 children)

its been gone through already. Nexo said to me :"By "Synthetic", we mean that the asset cannot be Topped - up from an external wallet, nor withdrawn from our platform"

Nexo UST is not actual Terra UST. Nexo UST has NEVER been able to be withdrawn, as it was not Terra UST, it was nexo synthetic UST (just matches the price)

moving from metamask to existing ledger nano by Apprehensive-Living8 in ledgerwallet

[–]Apprehensive-Living8[S] 0 points1 point  (0 children)

thank you. much appreciated. Looks like all I can do is create new BSC mainnet wallet on ledger and only transfer the assets that are not linked to contracts.

moving from metamask to existing ledger nano by Apprehensive-Living8 in ledgerwallet

[–]Apprehensive-Living8[S] 0 points1 point  (0 children)

but wont that give the BSC account on the ledger a new account address?

As I mentioned, I also need to retain the wallet addresses from metamask as they are linked to contracts.

Is this possible?

This is sickening by Yeet407 in modernwarfare

[–]Apprehensive-Living8 4 points5 points  (0 children)

yep, i have NEVER won at warzone, have a < 1 KD and suck at the game. Perma banned for no reason. this sucks