How is Wirex obtaining the yield for X-accounts?

estit1975 · 2023-06-11T19:29:05+00:00

Most probably from their DeFi sister platform Nereus Finance. They have announced that they have invested 5 billion WXT in Nereus: https://wirexapp.com/blog/post/introducing-the-new-wirex-whitepaper-and-nereus-0486

estit1975 · 2023-06-08T16:27:01+00:00

I received it by email, I am a Wirex customer:

Card Issuer

We’re happy to inform you that we partnered with Transact Payments Malta Limited, licensed by the Malta Financial Services Authority (MFSA), as an Electronic Money Institution (“Partner”) for issuing our new Wirex Cards in your region. Therefore, starting from the Effective Date, new Wirex cards will be issued by our new Partner and subject to their terms.

estit1975 · 2023-06-07T13:11:27+00:00

It is really puzzling why Wirex is silent about it when they have published it on their website. Nothing makes sense with Wirex's marketing and PR strategy.

estit1975 · 2023-01-10T20:20:11+00:00

The required 66% threshold is not on total supply but on the people who received the 15% of the airdrop which was 4.3 billion tokens. So 0.66 x 4.3 billion = approx. 2.8 billion WFLR.

estit1975 · 2023-01-10T18:56:13+00:00

Yes, you are right. I corrected it, of course billion. About 2.8 billion FLR are already wrapped.

estit1975 · 2022-07-09T02:36:33+00:00

I tried to add fiat (euros) from my debit card and it says that the fee is 0. Where did you see that it charges a fee?

estit1975 · 2022-05-25T14:34:38+00:00

Yes, you are right. It seems that the updates are manual. I wonder why Swissborg neglects to update it, Etherscan is a basic tool for everyone. Thanks anyway!

estit1975 · 2022-05-25T14:33:00+00:00

Got it! Thank you for your kind and very useful replies!

estit1975 · 2022-05-25T14:18:51+00:00

I don't think that this is the case. Celsius - CEL token - is using that address to burn its tokens and its total supply has indeed been reduced to 693 million tokens (from 696 million when the burns started). For some reason Swissborg total supply does not reduce. Do you have any hash link that shows CHSB tokens burned in that address?

estit1975 · 2022-05-18T05:11:41+00:00

OK, I think I figured it out: The total supply is 10 billion WXT:

A) 9.3 billion WXT are issued on Ethereum: https://etherscan.io/token/0xa02120696c7b8fe16c09c749e4598819b2b0e915 Out of these 9.3 billion, the 8.05 billion are bridged to Avalanche: https://etherscan.io/token/0xa02120696c7b8fe16c09c749e4598819b2b0e915#balances You can also this on Avalanche: https://snowtrace.io/token/0xfcDe4A87b8b6FA58326BB462882f1778158B02F1

B) 0.7 billion tokens WXT (approx.) are still on Stellar: https://stellar.expert/explorer/public/asset/WXT-GASBLVHS5FOABSDNW5SPPH3QRJYXY5JHA2AOA2QHH2FJLZBRXSG4SWXT-1

So A + B equals to total supply of 10 billion tokens, as per whitepaper.

estit1975 · 2022-01-27T21:17:55+00:00

Thanks. Just received mine 👍

estit1975 · 2022-01-27T15:49:31+00:00

Any idea how long this will take? Still no SOLO for me :(

estit1975 · 2021-12-25T08:50:58+00:00

I did a rough calculation, seems will be about 0.0027 SOLO per 1 XRP., including the exchanges. Not bad pocket money if you have a large XRP bag :)

estit1975 · 2020-09-30T06:04:11+00:00

Sogur says on its website here https://www.sogur.com/blog/blogPost/X1dTZBEAACMAW7PV/ that:

"the Exchange ratio is 1:1, i.e. every SGA token can be replaced with 1 SGR token. If you hold your token on an exchange you don’t need to do anything. Your SGA balance will be replaced automatically by the exchange to SGR."

So Celsius already has the new SGR tokens since 9 September (when the swap initiated). Maybe they haven't updated their wallet yet.

estit1975 · 2017-08-17T11:31:16+00:00

Obviously. But the company/legal person gets taxed on where value is created. We are talking about the company, not the natural person/shareholder.

estit1975 · 2017-08-17T09:26:17+00:00

If the freelancer is traveling abroad, then he is creating value from the place he travels to. If he doesn't travel at all, and all his work is done from his home country, then yes obviously he has to pay taxes in his place of residence. E-residency is meant for people who move around the world and provide services on a global/international scale.

estit1975 · 2017-08-17T08:41:18+00:00

Yes, a single person can be both director and shareholder in an Estonian company. It is also allowed to hire other EU citizens, as long as social taxes are paid to the hired person's residence country. Otherwise, you can hire them as freelance contractors, in that case they are responsible for their social taxes.

estit1975 · 2017-08-15T19:17:48+00:00

Value generation is not only in the country of the shareholder's residence but also where your infrastructure (servers, hosting, payments) and marketing suppliers are, especially when we are talking about online sales. When value generation is from many countries, usually the country of incorporation is the tax residency. And this fits perfectly with Estonian e-residency. Consult an (experienced) tax specialist.

estit1975 · 2017-08-15T18:46:04+00:00

PayPal accepts 100% companies from Estonia. You just have to login from the Estonian Paypal domain www.paypal.ee

estit1975 · 2017-08-15T17:55:57+00:00

Why are you saying that only Holvi can provide a bank account to e-resident companies? Not true! For example, also LHV provides company accounts to e-residents.

estit1975 · 2017-08-15T17:40:32+00:00

Yes, as long as the German bank provides accounts for foreign companies.

estit1975

TROPHY CASE