Bitcoin Forum

We are all aware of Ledger, Trezor, and Xeeda. Cool hardware wallets, which thousands of people use daily.

These companies isn't funded by any ICO's, they don't even run any blockchain solutions, but again, why should they?
But the question still stands: If Ledger made their own "Ledger-Coin" would you invest in it? Why? Why not?

I'm asking because a project I'm a huge fan off is building their own hardware device, called: VIPER. This hardware device will compete with the 3 brands mentioned above, but this project does have it's own blockchain, and in fact, the hardware device is just a small part of the whole project.

I'm talking about Stakenet. Not sure how many of you are familiar with XSN, but it's THE leading Lightning Network developing project out there. In fact, they helped the Litecoin team implement Lightning on mainnet.

I really wonder why this project is SO under the radar, probably because of the bear market?

Not gonna shill the project too heavy here, as most people hate that, but IF you want to read more about it, I made another thread right here explaning it all (with pics): https://bitcointalk.org/index.php?topic=5167414

So the question still stands, would you invest in a hardware device project? Afterall every single day we hear the following: "There is no REAL product, the project is based on hype alone, not worth shit", which makes Stakenet stand out completely from the crowd it seems?

That's an interesting question, well if it is Ledger then I guess I might buy a few tokens from them.

But I don't think that they have that kind of idea right now. That should be the mentality of most manufacturers, they should focus on what they do and there's no need to confuse their users whether to make one coin of them and hardware wallet.

If Viper is created to fill a void demand for such secure mechanisms of storing coins, then yes.

But if its storing only XSN, the value of the machine itself is derived on how valuable the coin its storing...

So its a chicken or the egg kind of situation where the product isn't necessarily providing the value, but the underlying asset within it.

Unless it proves to be of use to a niche/market that values these things, Viper will most likely only be bought by XSN die-hards.

Still looking forward for the DEX to come out tho. Hopefully it won't flop like BLOCK or KMD, or centrally secured by just the treasury.

Is it known what Coins would be supported?

And is it possible to Cold Stake Coins on that?

Let me start by replying to a question asked on this post. If Ledger made their own coin, I will only invest if the use case of the coin is valid. I understand other parameters like good product, great team are already splendid. I've not really been following stakenet, but it's a good thing they are coming up with their own hardware wallet (VIPER) as mentioned here. Before investing in any coin, I will normally do proper due diligence notwithstanding the hype around the project.

Its not really that necessary for those top ledger companies to crate their own tokens.It would just pile up all over the market together with those shit tokens currently.

Im aint saying that i dont have trust with that Viper thing but having their own coin or blockchain is pretty useless or not necessary at all.I would like to ask on what be the crucial usage of that coin if ever? If it doesnt have nothing to offer then its a useless idea.

There is something to always consider before investing in any project, as for me it is use case, if possible an already developed MVP. Now in the case of Ledger etc, if they should launch a coin, I will first take time to study it to know if it is worth it, I will buy if not I will let go. Now on this project you Introduced, first I will need to make my findings as this is the first am hearing about it, and as usual if I find it appealing and not driven by hype I will invest. But from the way you sound seems it will worth a try, if really they are the leading lightning network developers.

Cryptocurrency doesn't work like the stock market works where the company's performance plays big role in increasing the share value, when it comes to investing in crypto projects, you need to guess where crypto market is heading during your investment period, otherwise your coin will decrease in value even if the business of that company is doing well. So the answer is No, I wouldn't invest in current situation.

I have never been interested in investing in projects that develop hardware, but maybe prefer projects that have clear use cases and have large companies.
we have to know that most projects are famous for HYPE, and I know that most of them end badly,

If that was developing sense hardware to be used by crypto users and i will try to invest some of my money on it. but a lot of non sense projects have come with their non sense hardware.
I remember just like miracle tele and it has created their own sim card but it's useless caused by the project becomes a scam project.
Ledger can be trusted and so many investors will be investing their money on it.

Interesting question. They have real products, real business and and capable team, i wondering why hardware producer not offering their cryptocurrency.

I ever saw and similar concept, there's coin (forgot coin name ) they launch ico without offering hardware device and got fund around 4 mIllion USD. After six month they collect another fund and made custom hardware wallet that support their coin and also major coin such as BTC, LTC, ETH, etc. They deliver hardware wallet, also have real platform and have many users. But now, i didn't see those coin in CMC again.

From those case, i prefer to invest only small fund since there's no warranty that business will success.

Depends, how does the token function, what benefits will it yield to the end user. If there is worthwhile utility investors will come.

I'm one of those people who use the hardware wallet, Ledger and it has been good to me so far, and I have the Nano S and Nano X.

Anyways, if I have the opportunity to invest in their coin, why not? I'm just going to look over a few factors to consider before actually buying the actual currency.

• Would it be the best use for your money?
• Checking the risk knowing that it's another cryptocurrency.
• Do you immediately need the money back in case it takes a long time?
• What's the actual use of the coin?
• Would you be able to earn more when you have it? (Like staking the currency)

These are the things that I think I need to consider with the factors at hand because why would we not believe it? I would like to own some of it, but I would use my extra BTC to invest in it and to hope and learning that Ledger is a massive company in the cryptocurrency world, it may grow. As long as you don't regret what you are doing, I think it would be beneficial to your self, mentally and emotionally. 

The XSN teams shouldn't focus much on hardware wallets right now and instead focus more on better future upgrades, hardware wallets in my opinion is not something i can consider a working product since it has nothing to do with stakenet tokens itself, this won't drive adoption rate at all

that's the problem with this new generation of people who entered the altcoin market between 2017 and 2019. they think all projects, any product,... must run a fundraising to be able to work!
how many companies in real world do you know who ran a fund raising to start up? did Microsoft raise funds? did Apple? etc.

to answer your question, no i would never invest in something like that because i believe that if someone has a decent business model they won't need to raise funds like this to start their business and make it succeed! and there are enough examples to back this up.

Sure I would invest in Ledger coin or any other crypto currency that has already a functioning product. Thats why I cannot wait for Telegram coin, because it has big value as well. I am tired of investing in bubbles with only whitepaper.

This is just a SMALL part of what the x9 devs behind Stakenet is working on right now, I just wanted to mention this as it seems like nobody even knows about this project, or their ideas and plans. I challenge anyone to take a quick glance at their roadmap: www.Stakenet.io/Roadmap

Their Lightning DEX is soon ready for launch, and their Multi Currency Wallet with inbuilt Lightning Swaps is in open BETA testing.

This project will run on masternodes, and these masternodes will be paid from a LOT of different sources, including dApps, and block rewards.

Masternodes will yield income based on the services they'll provide below:

* Lightning Dex
* One click instant Lightning Swaps (NOT Atomic Swaps)
* DEX Aggregator
* Masternode escrow services
* Masternode based oracles/arbitration
* CCPoS - Staking rewards in any other coins
* Tor, PrivateSend, random hop secrets
* Masternode's collateral backed stable coin
* Lightning dApps
* TPoS - Hosting of Trustless Cold staking contracts
* Voting Delegates
* Automated payment of node operators
* Masternode Managers
* Multiple keys for Masternodes
* Enhancements for Smart Contracts and dApps
* Masternode reward split
* Masternodes Quorums Autonomous Swaps
* Cross-Chain dApp infrastructure
* Watchtower services

Any Clue about how Dex Aggregation would work?
Thats something i never heard before.

I'm pretty sure it's a service that will connect DEX API's and route transactions back and forth between them.
Like, if you wanted to trade 50 LTC for BTC, and 50 LTC is available on Blocknet's DEX, it would buy up the LTC through the BlockNET DEX, and credit you the coins. I'm sure a DEV could answer this better from a technology standpoint :)

Thats someting new in my eyes. Cool Stuff.
Is there any ETA for that Dex?

It is a no brainer to say yes if a project has a capable team, a good product and a token with a real life use case.  There are lots of great idea out there but the problem is that the developer tends to be so ambitious planning to do all stuff at the same time and ending up short on every aspect.  Also if there is no buy back system I think I'll pass because no matter how successful the project is, if there is no plan for the token support(buy back), the possibility of that token losing its value is huge. 

the "open" beta is closed, or at least according to discord, the wallet has already been on 100% in may, if 100% finished was able to go back to 99%, i wouldn't say the dex is soon (unless in some geological way) to be released. as for the list - nice brainstorming what might be catchy

The open beta is NOT closed buddy, they just stopped accepting new people to test it for the time being. There's a waiting list for those members who wish to help test it.

This is a world's first, so obviously it needs a TON of testing, especially with lightning being in constant development. There's been found bugs to fix in the lightning tech itself, something the devs have no control over.
The DEX is already up and running on a test server, trades being made - So I actually do believe we are getting close :)

Dependent, what kind of investment? In their own coin? I have to see the role or function of their coins in running product, whether it is very important or not.

So you want to know how XSN is used, and what makes it valuable? I'll try to explain that:

1) Stakenet is used to pay fee's on the hosting service of XSN's owns "Masternode-As-A-Service" option available on their Cloud platform. Cloud.Stakenet.Io

2) 15,000 XSN is required to host a masternode. These masternode will get a lot of demand long term, since they'll be the backbone of multiple dApps (Lightning DEX, Multi Currency Lightning Wallet, to name a few)
Meaning any transaction fee is converted to XSN. If you decide to trade BTC for LTC, the fee will be used to buy back XSN, and distribute it to the masternodes running the service.

Everything evolves around masternodes - They should be called "service" nodes, since they'll make sure everything is running.

You can use Stakenet's services without investing in XSN, but the fee's associated with using them, will benefit XSN.

I always consider before deciding to invest in any project. Whether the project is sponsored by any company does not mean it will succeed. In case if Ledger tossed their coin I would consider investing and maybe buying some. As for the other project's coins, I probably won't participate because I don't know anything about those companies.

Quite agree to that, if the project have a wide use there's no way not supporting knowing that there's  a good outcome with developing team who are capable to bring progressive updates. but the main factors which investors wanted to see is on how the developers will control the possibilities of not losing the project value or to avoid complete dumped, buyback will give little assurance knowing that the team is in full concern.

2 things that i look from Viper maybe real product and it's own blockchain. Usually a coin have plus value for me,although it all depends on it's developer to manage their project. About invest maybe i am not an investor, but will see and wait to listed in market so i can try and buy some, maybe can get profit from it. Because i am not really want to invest in something and only do casual trade.

There have been so many hardware devices that have been lunched and are fully functional, without doing any fundraising. Why then do you think this should be an exception?
Also, if there will be fundraising, then it must have unique features, that are not part of what is being told to the general public.

If the trezor would make its own coin, then I would try to invest in it. But why should they let it out?

There are enough coins, and in order to make a token or coin, you need to find the task that it will solve.

For example, those who own a trezor token do not pay a commission when sending other coins, it is calculated from their tokens.

For me I do not invest in that kind of project because you don't have any products. All we know that kind of investment is very risky and have a very big possibilities of scam. But if I will invest on that type of investment I will set limitation to my capital to avoid too much loss and I will take the opportunity to learn about this investment.

I wonder why Ledger hardware wallet coin or Blockchain  would be necessary, unless the company needs the blockchain for its own decentralized exchange. I will definitely invest if it's for building a good decentralized exchange.
As regards VIPER, you probably should know what the company wants to build on its Blockchain. Decentralized exchange business is one of the most profitable businesses in decentralized world. I guess that's what VIPER is aiming for.
Nice thread on Stakenet, by the way!

Also, I don't think you can say investing in crypto is INVESTING. its more on speculation because there isn't really a economic metric that you can gauge on the benefit a hardware will make to a token.

Why? Because XSN is a native currency of a blockchain, the ledger itself. So what value does the token has in respect to the hardware that is provided like Viper?

XSN is not an equity to the said project, it is just a unit of measurement in a blockchain that is given value by speculators.

Unless there is an actual demand side pressure that could be generated due to Viper being the best hardware out there (vs the likes of ledger or trezor) and only sold in XSN value, I imagine it being less of a use-case but more of a participation trophy to put on top of a depreciating token.

I do love to speculate though, as long as the buzz of DEX and Viper and other buzz-words in XSN generate enough demand side pressure (more than the inflation rate of the MN/POS system % rate), price will continuously fall and you won't recoup funds.

I'm going to ramble even longer as this is a thought piece; but say you would then value XSN on the notion of transactional value, use-case of its blockchain seems to be mute as even the advisors are not on board on any of the discussions or updates. They gone?

Sure after all we already trust our crypto in their hardware wallet so why not trust in their own project or crypto,
But what would be the tokens role in the crypto industry?
I think I would just invest a small amount at first and see how it could be used in the device.

To that question my answer is YES but I need to make sure that there is really a good team behind it, and they should first demonstrate that they can really penetrate the target market. And lastly, they must convince me that they are not just here for the money and with challenges they will not close the business and take a good vacation with the money they already collected. This is the big problem with the many projects crowdfunding using cryptocurrency: they have scamming mindset and should not be trusted an iota of money.

That Viper Firmware will fit onto Trezor Devices aswell i heard?
Would be great. Trezor is my favorite.

Which is fully understandable. Agree with you, but hey.. If you did some actual research on the project perhaps you would find out, it actually IS worth your time? ;)
Haha, but on a serious note. I'm quite excited to see what kind of software the dev team builds, as there isn't much info on it just yet.

Well, that would be dependent on their kind of project and the idea they are going to sell. If it is one that is good, then why not? but then again, on another note, is it really worth it creating these projects?
but then again, if they can sell a great idea, and have a solid team behind them, I just might go ahead and make investments in it, after-all, I already trust them with my funds in their wallet, so why not their project?

Well i don't know much about this project but i would check it out fully later. Nevertheless a product which has a working and cool product like the one you have described is a good one to invest in other than investing in some sort of non-feasible idea by an inexperienced team members.

Absolutely I agree. A working product will always be my first choice. I've seen Cobo Wallet before that. They had a working device. I don't know what stage the project is, but they have already agreed with a lot of projects. In addition, the device looked quite robust, but also had a waterproof and bulletproof construction.

Even if they fail, I don't feel sorry for investing in such projects.

Do you know by chance how many people are in beta testing? And if ever they will reopen what will be the benefits of beta tester? I'm sure that is quite interesting.


No need to rush like tbh, as long as the team is sticking and kicking on the roadmap then nothing should be a worry. At the end of the day, everything depends on the team's adherence.

But they can right? If one company wants to explore more and warn more they will.
Ledger will have a great marketing as they are known already like waht is libra having now.
I think if they will do the token now i will be one of the investors.

Not sure on the exact amount of people doing beta testing right now, but I believe it to be among 10-20 people who's trusted within the Stakenet Community on Discord. People with technical skills, who knows how to code, find bugs and exploits have been prioritized from the "normie" people, who is just as important, because the main goal of the project is to be "normie-friendly", easy to use with no technical skills needed.

The team is working super hard, and it's amazing how much they get done considering how small the projects marketcap is. There are about 40 people actively working on Stakenet in different devisions, so updates and announcements is pretty frequent, which I like a lot!

XSN has a hardware device? Definitely going to look more into this.

Not yet, but one is being developed, and will be out there eventually, which is pretty exciting :)

Hype is the main factor I think, if we talk about crypto projects. Hadrware itself doesn't mean anything. Its presence is better than nothing of course, but hype is better for investors I think :)

Hardware device is not a real use case, i won't or can't invest on a project with just hardware device, how will the coin or token of such project be useful for the public? i guess that's what should matter the most, even if altcoins keeps crashing you will be fine if you are holding altcoins with real use case

Do some research on Stakenet (the project that is developing the hardware product in the first post) and you'll see this project developed:

A staking pool, which supports: XSN, Stratis, and PIVX (More coins being added later)
Masternode hosting service, and monitoring services, that notifies you via email if your node goes down
Helped the LTC team implement Lightning on mainnet, and XSN being the third project next to BTC and LTC to implement lightning on mainnet.
Invented the first Cold Staking solution, and one of the best ones out there to be honest.
2100+ masternodes, who will soon be the backbone of a huge eco-system of dApps - One of them is the Stakenet Multi Currency Lightning Wallet, with integrated TOR-integration, AND the Stakenet DEX.
Stakenet's Lightning DEX, (integrated into the Stakenet Multi Currency Wallet later). - These 2 dApps will make it possible to: Store/Send/Recieve/Trade instantly, without needing any centralized exchanges.

Besides that, the masternode infrastructure adds cross chain staking possibilites, like: Stake your XSN, recieve your staking rewards in BTC.

Check the roadmap right here: Stakenet.io/roadmap

Hype wont return, before BTC moves back to it's ATH, or that the whales decides Alt's is valueable again.
This project will do pretty well next bull run, due to it's innovation on the Lightning Network, which is pretty cool if you actually understand it. :)

I just visited xsnexplorer.io and recognized a new Tab for Trezor.
Also featuring a Tab now for TPoS. Directly from the Trezor Device, Awesome!
Looks like the implementation is in his endings.

Well, from what I understood, Trezor just needs to implement the pull requests from Stakenet itself, and should be working. I know that's the case with Ledger. :)

Would it be better if the beta testers are completely one of a classified normies? If they will beta test their product with experts, normies will have a different point to consider. What if they beta test the product with normies, then fix anomalies by the experts. In a simple IT product that is how projects are being tested.

They've got people who are technical, and "normies" testing, but what I'm saying is, that the majority of the testers right now seems to know more about the technical aspects of everything.
I'm pretty sure that a public release is getting closer day by day, so pretty excited about that!

Ledger is a well-known wallet provider, I think if he holds a kind of ICO it will raise a lot of funds and attract investors because they already have a big name before.
as well as LIBRA coins made by facebook and TON from the telegram will provoke a large fomo because it is worldwide.

Agreed, but Ledger needs some competition. While it's a good hardware provider, they are extremely slow at implementing new coins, integrate pull requests, and stuff like that. You'd know that if you where waiting like TONS of people are for Ledger to integrate stuff.
Example: Cold staking with XSN. It's been ready for MONTHS, only need Ledger to accept the pull requests, but they are taking forever. Hopefully Viper will be better at support, crossing my fingers

I will not invest in VIPER because it has its own hardware wallet like Ledger and Trezor but if I see potentials that may suggest VIPER may become the next biggest hardware wallet, then I will invest in its tokenised asset. But until then, I will rather stick to proven and assured investment options till I am convinced of the risks of investing into new hardware platforms

Why?

If I buy their product, I don't expect to have to pay for future costs in the form of their own utility token or whatnot - I expect to buy Ledger, use it, and not have to worry about ongoing costs.

And if it's not a utility token, why would there even be any demand for the coin in the first place?

A lot of these things have to be attributed to hype, due to what appears to be a company with an actual product (who doesn't like when a project has its own hardware, huh?). But what people don't realise is the fact that their tokens can be just as useless and intrinsically valueless as some of the vapourware, just not to the same extent.

I think HPB is going to replace the top coins.  It has one of the highest TPS and hardware nodes.

With a cold wallet
https://www.ellipal.com/pages/ellipal-titan?ref=5da5917ba4f13

Wallets with their own hardware have always been safer for me. For example, the Cobo Wallet is a wallet with its own hardware. It's waterproofed and bulletproof. Besides, it's really great to have her wallet used as a cold wallet.

For me, wallets with their own hardware are always one step ahead.

The time has shown, that even projects that already have a working product can fail and scam investors. In case of hardware, it will all depend on sales and if the company is able to make profit and attract new investors.

Stakenet has unlimited transactions/second over the lightning network, Just saying. lol

  i think you should try investing in their projects. Because they are a well-known company in the market, the currency they create will have a high value on the exchange. Because their investment is very large, you will not be afraid of scam or loss. because the principle of choosing a project when you want to invest in altcoins is that the project must be behind big companies and professional development teams.

To ensure that I want to invest or not is a complicated choice, that means there must be a series of studies on it. If Ledger takes out the coins, it doesn't mean that I will immediately invest, but I think more about the functions and uses of the coins first. After that what is the vision and mission, how are their partners, etc. Although they are a trusted company, but we are talking about personal money that we should be able to use as well as possible in order to get profit not loss.

Yeah, we need a really good proposal because all the decisions are really there. Many ways to attract investors, but a good proposal is the initial capital for developers to attract attention. Sometimes HYPE is also a determining factor for the success or failure of a project. In the sense, that HYPE is created because of good things contained in the project plan. It could be something new or surprising.

Why not?, The number of coins on the marketcap don’t matter the thing that only matters to investors is the performance of the company and how they can market their product. Competition is not an issue, the one with the better service will always standout.

The idea of a lightning router that holds coins in cold storage is rather brilliant.

True, anything that runs on lightning will run as smoothly as butter. Moving your funds instantly is hard to beat. I'm sure once people experience what lightning can do, they wont ever want to go "back" to the good "old days".

I honestly wasn't a big fan of Lightning when it was first discussed and proposed, but projects like Stakenet really seem to be pulling it out of the fire.

I felt the same way. I'm not sure why, as I'm sure I was just following the sheeps, thinking it's only use case would be centralized while working on the BTC chain. Different thing here, which looks promising

Long term, it appears that Bitcoin will benefit from both on-chain and off-chain tx.
Off-chain being used to buy coffee, beer, or a slice of pizza.
On-chain being used for large scale business (i.e. settling futures contracts, transferring large amounts at once, buying real estate, etc).
I hope that a see-saw effect will take place in the event that the LN becomes more popular and miners get discouraged from keeping the network secure. Stakenet will certainly help to keep LN liquid so that hobbyists don't have to carry all the weight.

Yeah, I'm thinking the same actually. If LN becomes too popular (due to it's instant transfers with virtually 0 fees) then I guess some kind of see-saw mechanish would be ideal. I'm guessing there will always be people out there who refuse to even use LN. Hardcore BTC Maximalists, probably wont use it, but who knows.
It's pretty cool that Stakenet actually made a setup, where the Lightning nodes is incentivized to run through masternodes. It's actually genius, so I wonder how it will pan out in the end, in terms of adoption.

I already bought wallet ledger and trezor hardware, if they make their own coins, I will also invest. Besides the benefits of making hardware wallets, they can make their community bigger by making their own coins. Coin making with its own benefits in using hardware wallet products is a good idea, but I think they are more focused on hardware wallet and its development.

In a project there must be a marketing team, I think why the project you are talking about has a low level of interaction, is lack of promotion and advertising. You can use bounty and some social media sites to attract attention.

If LN keeps BTC's integrity intact and strengthens it's privacy, going out of the way to use on-chain for every transaction seems a bit much. I guess there will always be some people insistent on using on-chain tx. They'll help secure the network, so that's nice.


To be fair, XSN Viper is still in prototyping.

investors will like tangible products that can function well in this market. so if there are projects that develop real products then they can attract market investment. maybe I will also take part in it, if the project really has a quality product and also really works well.

They already have a working product and an established name in creating secured hardware wallet. I guess it will depend on what will be the use case of the token they are going to create. Most people might jump on it due to hype, which I think will be profitable that is of you are just investing for profit.

Given that I possess mediocre technical knowledge in this area, I would first of all listen to community experts who could give clear criticism regarding the project.
I would ask technical competitors of the project to understand how they themselves relate to this project.

I am not one of those who initially is too biased towards new projects, I believe that any project has the right to life, but it is also obvious that there is too much scam on the market, which means caution will not be superfluous. Therefore, if competitors of critics and independent critics agree that the project does not have a share of scam, then, probably, I would think about investing in such a project.

The only thing that should be studied in advance is the advantage of the project compared to competitors, and are these advantages beneficial for other people to switch to a new product, the reliability of which has not yet been determined.

I would probably invest. Why are they not advertising properly though? People need to actually know about this. No matter how good something is if no one knows then no one knows.
This is miles ahead of most projects that offer nothing. This is an actual physical security device and it has its very own currency as well. Why don't people invest in this instead of the crap they run to? Oh wait.... That's right... This project is legit and doesn't promise instant profits and massive returns. People would much rather be lied to about how much the latest scam will make them and then invest in that.  ::) ::) ::)

If they as a Hardware wallet provider hold Token Sales then I will follow it and other investors will also do the same, because Ledger, Xeeda and Trezor are quite popular hardware wallets. They were known from the start not through ICO but actually started from zero as a supporting device to store assets very safely, good marketing made them famous.
there are many hardware wallet projects that introduce their projects through ICO with the sale of funds, but many are not successful because the products they make are not yet fully tangible.
As for Ledger, Trezor and Xeeda, there are other hardware wallets that are quite well known today, which are Imtoken, which have ImKey hardware wallet products.
Imtoken was only known as a digital wallet for mobile but now it is also supported by the ImKey Hrdware wallet which is integrated with the imToken application.

How much can be gained from hyping up a product that isn't ready yet?

True, wouldn't help much. Worked in 2017 (Many examples of this), but people have gotten wiser, and more scared to invest in altcoins during this bear market we're currently in.
Once it's ready though, I'm sure they will do everything they can to market this to as many people as possible.

I think the worst of the bear market is finally behind us.
Stakenet had a 450-day+ downtrend.

Ledger and Trezor would be both good examples, erhaps, if they would make a crypto. If the project would be functional and benificial for the investors, I think it would be a win-win situation for them. If the project won't be that much successful, to be practical, they would have something that they would be able to use. This might be a silly opinion, but I do really think that this is more likely to happen. So maybe I would be investing in such project if ever.

Well, I guess the exciting part here is that, Stakenet is not only building their own Hardware Wallet. They are building their own Lightning DEX, multi currency Lightning Wallet, and much much more. The Hardware wallet is just a tiny bit of their project, which is kind of cool :)

That's a good question OP and to be fair personally I think these wallet, especially most known two ones: Ledger and Trezor will do something similar of what you said. Maybe their plan is to make their wallet hardwares popular and then create coin and offer you cashback which will be on your wallet and you'll be able to use it after buying and starting using of your ledger/trezor wallet. Maybe something similar of this will happen and we will really see the real scenario and not only opinions stated there.
But also on another hand that situation looks like Intel/IBM/Nvidia/HP and similar brands running their own OS after making their products popular and working on windows/linux for a while.

What is the use of the token created for the project?

Lets say you have a device as a product of your company, you created a coin for it but what is the use of this coin in the system. If there ain't something to it like we still can use the devices without having a single coin then there is no purpose for someone to invest to the coin. But sure it the hardware product is useful they can use it.

The coin directly powers the DEX ecosystem and serves as the bridge between all the coins in the interchain mesh.
It has a rather complex and fascinating ecosystem.

taking part in the wallet hardware project I don't think is bad. Many wallet hardware projects are successful, but many more have failed and been abandoned. but if the features and uses really help us as asset owners, then many will be chosen to store investors' personal assets. Safety is also very important. Ledger, Trezor, Xeda are examples of successful wallet hardware and there may be new wallet hardware and more features.

I have joined in that kind of project before I forgot the name of the project but they have device that they are selling, I remembered that this device is a portable ATM I guess in which you can use this as a payment in which the particular token you can use is their token also. I would invest on that kind of project depending also of their blockchain technology since there are projects that still failing because of their platform. So for me the platform is very importatn, you can see that on their whitepaper, all of the information is stated in their whitepaper.

Stakenet's hardware wallet is just a tiny piece of their project. They work on Lightning Network dApps, which will be extremely convenient to use as a consumer, since it allows for unlimited transactions/s, and instant trading on their Lightning DEX.

There are like 3 very known hardware wallets, more on the market means more competition, which means a better product to the end consumer. That's a good thing!

Its not a unique concept since there are already projects doing it. Though they don't have the hardware, they are still developing a software (wallet) with a hybrid exchange along with it such as EIDOO. There was a project that was even a scam which is like the ones offered by OP.  Ecosystem projects were developed already, Volentix project I think is one. I don't know if this will still spark the interest of many investors unless they do have a better idea that ain't gonna be copied later on.

If a hardware wallet should make a coin, I would definitely not invest in it because there would be little to no utility to the coin and the only thing they might be able to offer is staking, maybe distribute some of the profit to the token holders which would technically make it a security token anyways, but I definitely wouldn't look at it twice.

I don't believe there is any other project out there right now that's working on a light wallet with a full DEX, Lightning swaps, and native interopoerability between every dApp platform. As someone who hosts Stakenet masternodes that will power their DEX, the core appeal of Viper to me is the ability to trustlessly host my masternodes from cold storage.

There are indeed other projects in this space that have tried to do something similar, but they got in over their heads and often failed to deliver. Judging from the test builds of Stakenet's upcoming wallet, I'd say they have a better shot of hitting the mark than anyone else I've seen.

I'd love to know more about this hardware device, since the info I can find is pretty limited still. I believe you could cold stake from this device as well, since it's Stakenet's own invention.  ;D

It's really very interesting. I think that such a project will be useful. So I would invest in such a project. But only if it had a really working product.

No, I wouldn't bother with a token put out by a hardware company.  What's the point of it, exactly?  The idea reeks of trying to emulate the scams that ico's pull, producing tokens that only make the devs rich.  I don't think it's a great idea by any means.

If a company wants to make the next ledger, they can do it and not produce a token as a byproduct.  If they want to make a token, they can do that without making a hardware wallet or anything else.  There's a disconnect here that I don't understand and don't trust.

Ledger and Trezor are traditional corporations. What if the token were shares of a decentralized autonomous hardware company with an ecosystem that has a lot of potential to be profitable? In that case, there is certainly a purpose.

Do your research before investing any penny in any project even if they are well known company cos if the idea of the project is not good enough to attract investors and big whales there will be problem, since its just a hardware its still fair to me, trezor and ledger can't keep leading forever

It all depends too, this is a real working product because it is what people need, but it will also depend on the marketing strategy of the team behind it, if they have the push enough to create hype along with the real working product, it may really be worth investing in them, but if they don’t have that drive, and they don’t have the strength, you will see the product move no were because they are not the only one that is in the market with this product, they are coming into a market with very strong competitors and for them to be able to divert the attention of new and already existing users from those competitors must really take a great courage and strength from the team.

So, after looking at the project they are developing, I will also look at the team too.