Anyone know why the large spread between Poloniex and Bitrue? What it looks like is maybe since XFLR may not end up being a 1:1 to FLR...?? thoughts?
HoodFav
⋅
@yeti1444, from what I understand xflr on poloniex is for an iou that will be paid 15% upfront when flr is released & the rest will be distributed in the future as the rest of the flr gets released. Since you are buying it and willing to wait to get it, basically betting that flr will be worth much more than the iou price in the future, you get it at a discount. as for bittrue, i believe whatever xflr you purchase will be distributed to you in full when flare's mainnet launches, (or when you'd get the 15% on poloniex) & since you are wanting it now you will have to pay a premium at bittrue. as for the ratio though, 1 xflr is definitely equal to 1 flr. the two platforms are just going to distribute it differently. but buying it on poloniex gives you much more xflr, it will just take longer to claim. @orlinmyer is very knowledeable on xflr & made a detailed post on it a while back that explains it much better that I just did lol so you should check that out if you are still curious on exactly why the spread is so different