Don't Lose This Life #01 | Prodigal | Successfully purchased the Apple Pencil generation

ready

My Osmosis treasury, the accumulated OSMO has reached the threshold for me to buy the Apple Pencil generation! I can go to the next step, swipe my card to buy the pen! From 3/8 to today 3/23, it took 15 days, about two weeks time, it feels ok 👍

Originally wanting to be cheap, I found a few Taiwanese shopping websites (Shopee, Lotte, Yahoo, MoMo, PcHome). The Apple Pencil generation above is indeed 200~500 Taiwan dollars cheaper, but when adding credit card information, it will appear. The following < Enter a credit card issued by Taiwan >, in other words, foreign credit cards cannot be used, let alone credit cards with home passwords.

Maybe one day Ace, Max or MaiCoin (the above are all cryptocurrency exchanges in Taiwan) will have the opportunity to issue credit cards, and maybe it will be more convenient to use coins to shop at that time.

Even if you don't give it a swipe, you have to go to the original Apple factory! For an international company, there is no reason to limit which card can be used, right? !

Card swipe failed

Try it first to see if you can log in to the credit card and try to swipe it! After entering the data, my Wirex App immediately pops up a notification saying that the swipe failed! 😶

Don't be nervous, because I haven't put money (coins) on that card, it is expected that I can't swipe it . But also because of this message, let me know that it does work 😊

Then start moving coins !

move money

To move coins is to convert and move the coins obtained from the decentralized exchange Osmosis to the central exchange, which is the card I want to use to swipe. The process is probably like this,

OSMO→swap→LUNA

The current OSMO price is 8.55 $USD, and I expect to move all the OSMO I have to my WireX card for consumption.

However, WireX does not support OSMO , so it must be replaced with a currency supported by the WireX card . I chose LUNA currency.

The first step is to exchange currency ( SWAP, similar to the first exchange of yen if you want to go to Japan ).

Before the transfer, there were a total of 14.315553 OSMO, but even if you press MAX on Osmosis, it will only be exchanged for 14.309303 OSMO (I don't know if you need to keep a certain amount? Or does LUNA have a minimum purchase limit?!). Calculated at the unit price of 8.55, I should be able to exchange LUNA coins equivalent to 122.34454065, which is 1.312233 LUNA on the screen .

Since the currency price changes all the time, when I finish typing the above words, the LUNA coins that can be exchanged become 1.310855 LUNA, which is slightly less, but it doesn’t matter. Swap Fee 0.2%).

After the exchange is completed, I get 1.313119 LUNA (there is a difference in the fraction, because there are some rewards in the liquidity pool before, I did not clear it first)

LUNA→send→WireX

Next is Withdraw (withdrawal) to my Keplr wallet , ready to transfer to WireX

The coins were successfully returned to the Terra chain on the Keplr wallet. The quantity here is different from the above, because there is still a little LUNA coins in the wallet that were previously reserved as gas fees (transaction fees). As of now, there are a total of 1.364118 LUNA.

Then send LUNA to SEND to my WireX LUNA address , remember, that MEMO must be written , otherwise your LUNA may not know where to go! I still leave some LUNA as the most Internet Transaction fee, so 1.36 LUNA is transferred out .

It was transferred from the Keplr wallet at 19:20. In almost a minute, my WireX jumped out and said that I received 1.360000 LUNA, which means that the whole account has been revoked!

prodigal

After the money has entered the WireX card, this time, enter the Apple.com to swipe the card to buy the pen, no problem!

The transaction was successful , and the WireX App notified almost immediately and rebates in WXT.

From the figure below, you can see the transaction process.

On the left is before the trade, with a total of 1.4 LUNA (129.23 $USD). In the middle is after the trade , leaving 0.225914 LUNA (20.86 $USD). That is the process, which actually consumed 108.37 $USD.

According to the exchange rate queried on google today, the 3090 TWD Apple Pencil is about 108.03 $USD, so in terms of US dollars, WireX shopping is quite cost-effective!

The right picture below shows the shopping details. You can see that 3090 TWD was spent, which is about 1.174085 LUNA. The middle 126WXT is the feedback, which is equivalent to saving 0.035222 LUNA. The exchange rate conversion is 1LUNA=2631.8351 TWD. The content is quite detailed.

The devil exists in the details. In the middle, you can see a problem, that is, the current LUNA currency price queried by the WireX App is 93.21 US dollars, which is calculated as 2664.92 TWD according to the google exchange rate. But when debiting, WireX sells your LUNA at the exchange rate of 1 LUNA=2631 TWD.

In other words, WireX lets you spend cryptocurrencies directly, and it earns a spread of around 2.3% from it .

Therefore, a better approach is to store coins at a low level, and spend more than 3% before spending it is cost-effective!

After buying this, I have about 20 dollars of LUNA left, which is not enough for me to empty the shopping cart from the blog. What should I do at this time?

Fortunately, the WireX card has an X-Account function (similar to an interest-earning account), so you can use the temporarily unused money, so that the temporarily unused coins can help you earn interest.

X-Accuount is similar to the following. This is a LUNA X-Account with a 3% annual painting remuneration. It distributes LUNA interest to you every week, which is not without small supplements.

The above is the entire record of purchasing Apple pencil with OSMO coins earned by the DeFi investment tool (Osmosis).

For those interested in WireX, use the referral link to apply https://wirexapp.com/r/d30ead625dda4db495de3bb31dc58716

Before the end of March, if there are five people who have successfully registered using my referral link, please be sure to leave a message under this post. I will invite the top five to enter the perimeter. Please provide your email information in the perimeter, and wait until you receive five recommendations. After receiving the Supercharged Bonus, I will send 50% to everyone (15USD per person 😁) to get rich together. (If you don’t get all five by the end of the month, look forward to other activities in the future!)