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re: OFFICIAL NFT Thread - FAQ and Drop Information

Posted on 8/25/21 at 1:15 pm to
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 1:15 pm to
yes so you want liquidity to sell which the volume is on solanart. if a project is not planning to list on a secondary marketplace after their mint, then it's going to be more difficult to sell

digitaleyes is also opening up a sol NFTs marketplace so solanart will have competition soon
This post was edited on 8/25/21 at 1:16 pm
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 8/25/21 at 4:06 pm to
quote:

I go coinbase pro-> phantom wallet


Simpleton question - so I deposit USD into Coinbase, trade for sol and transfer to wallet?

Looks like i have a 7 day hold.

Initially was going to use FTX but it has $500 CC limit
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 4:16 pm to
correct. coinbase cucks you with a 7 day hold to withdrawal

This post was edited on 8/25/21 at 4:17 pm
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
130852 posts
Posted on 8/25/21 at 4:25 pm to
quote:

correct. coinbase cucks you with a 7 day hold to withdrawal
So I'm not a crypto investor. I have a fractional COIN position from mid-Jul. It's done fine. But what is your exchange platform preference?
This post was edited on 8/26/21 at 10:49 am
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 4:39 pm to
cb is a solid platform and cb pro offers lower fees so that's why I suggest using it.

they just make you wait 7 days for all your deposits to clear before allowing a withdrawal and possession of your coins in a wallet.. not a big deal but if you want to transfer quickly off the exchange they're not going to allow ya for a week
This post was edited on 8/25/21 at 4:41 pm
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 5:00 pm to
new ath for degen ape

3000 sol =$213,000

inb4 money laundering
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61841 posts
Posted on 8/25/21 at 5:11 pm to
Sheesh
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 5:14 pm to
it's pretty sick tho



This post was edited on 8/25/21 at 5:22 pm
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 8/25/21 at 5:16 pm to
Any way to get SOL instataneously?
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 5:17 pm to
gate.io

but you'll need to kyc before withdrawal; might take a few days for approval.
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 8/25/21 at 5:34 pm to
Given I don't understand about 4 of those words, I will just wait it out.... was going to try to flip a llama as they are still scaling up... but that will have to wait
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 8/25/21 at 5:45 pm to
Got my SOL in the Phantom and ready to roll. Pretty damn cool shite I must admit, never thought I'd say that but fuc it. Pretty neat how the wallet connects instantly to Solanart. Ready for a drop to test my minting skillz!
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 5:55 pm to
yea it's been fun af baw. prob not for everyone but I dig it
Posted by castorinho
13623 posts
Member since Nov 2010
84396 posts
Posted on 8/25/21 at 5:56 pm to
Goddamn I can't keep up with eth as it is, now I'm gonna have to add this shite
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 8/25/21 at 6:03 pm to
Yeah it seems like a rush I can get behind. So all that is needed for a 5 SOL drop is 5 SOL right? Any fees if you mint? I put more in the Phantom just in case, but was curious.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61841 posts
Posted on 8/25/21 at 6:26 pm to
quote:

Yeah it seems like a rush I can get behind. So all that is needed for a 5 SOL drop is 5 SOL right? Any fees if you mint? I put more in the Phantom just in case, but was curious.

you need a little extra for fees, but the fees are usually less than 0.01 Sol, so super cheap
Posted by rocket31
Member since Jan 2008
41861 posts
Posted on 8/25/21 at 6:26 pm to
sol fees might be like 0.01 sol?

so 5.1 sol to be safe for badgers. when the time comes you can also stake your sol inside the phantom wallet to earn interest if you wanna

fees are much lower than eth which is why there's a lot of momentum right now
This post was edited on 8/25/21 at 6:27 pm
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61841 posts
Posted on 8/25/21 at 6:27 pm to
quote:

when the time comes you can also stake your sol inside the phantom wallet to earn interest if you wanna
a note on staking, it takes a couple days to begin earning rewards and a couple days to unstake, so keep that in mind.
Posted by TigeRoots
Member since Oct 2008
8534 posts
Posted on 8/25/21 at 7:07 pm to
Oh, didn’t even realize I could stake in there. What are the rewards?

Man, this space is huge and so new even to us “in the know”… like 3 of my friends have maybe even heard of NFT’s
This post was edited on 8/25/21 at 7:08 pm
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61841 posts
Posted on 8/25/21 at 7:13 pm to
quote:

Oh, didn’t even realize I could stake in there. What are the rewards?
different validators give different rewards after taking their cuts. usually averages ~7-8% for sol staking
This post was edited on 8/25/21 at 7:14 pm
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