Bitcoin Forum

What is everyones thoughts on Blocknet?

With this full blown bear market, it's hard to know exactly what to look for, especially if you go down past the top 50 on Coinmarketcap.

Over the last quarter of 2019, moving into 2020 we've seen TONS of exchange hacks, exit scams, and straight up fraud, due to centralization. It's really no wonder why people seem to be so interested in decentralized trading, Dapps, and other solutions with 0 middlemen in between.

Blocknet is interesting, because they are first movers on the DEX front. (Actually running a 4th gen DEX), they constantly work on it, and I think it's safe to assume that most people KNOW about this project already.

What a LOT of people don't realize (myself included, until recently) is that they are working on a decentralized oracle service, called "Xrouter", which will basically be run by service nodes. You'll be able to connect blockchain, and real world data straight through the network, and to my surprise you can already test this on their official discord server.

This project screams decentralization, everything is voted for (including development plans), fair launch, and best of all? It's not an ERC20 token, which is a huge advantage, since it means they don't rely on any other chain (Like Chainlink does with ETH).

You'll be able to profit from: Staking, Service node rewards, Trading fees, Oracle fees and the list goes on and on.

With all the recent talk about decentralization, this project is definitely one to keep an eye on. No question about it! ;)

   Like you I become aware of Blocknet just recently. I read about them on publish0x for the first time a week ago. Great idea,
and I like what they are trying to do.
   I checked Bocknet price, it's affordable, but what is concerning is that they are having really hard time in this bearish market.
Current price is 0.6$, compared with their ATH they dropped hard. Will they be able to gain trust again and recover their ATH?

Blocknet!  i like that one, they seem to hang on their "first DEX" thing, but really it just comes down to whats USEABLE imo
if they were the first, why didnt it take off? why did places like polo and trex get so popular? i think theres maybe more too it we dont know...
time will tell, but im hoping as well to see good things from Blocknet in 2020! :) interesting to see the router thing, thats an old idea that noone completed, now its coming back around it seems haha

i dont like blocknet project so much.. to little liquidity and support from community
coins like this can pump from nowhere
but there are many coins like this .. for example DRGN
so its kind of gambling when you invest in it
kind of like throwing darts

What are you smoking dude?

Blocknet is the first movers on DEX development, it's by far the most decentralized DEX on the market, (4th gen DEX). More over, their Xrouter is actually the most exciting tech they are building right now, providing decentralized oracles. This is a solid project, down in price obviously because of the bear market.

I'm buying another node soon, before it get's too expensive, as I predict DEX's to become extremely popular means of trading solutions in the future, and I sure want to profit off of that!  ;D

Blocknet...  Now that's a name I haven't heard in a looong time.  Kinda brings me back to the 2013 - 2014 era when everybody was starry eyed and optimistic about crypto.  

Well, it's still a project in active development, but true, it's one of the most decentralized projects out there, and while it may be one of the old school projects, it still has some interesting aspects that could make it blow up in price again. Their XRouter is what excites me the most, IMHO.

Blocknet mentioned in this new Masternode article https://gocryptowise.com/blog/9-of-the-best-masternode-coins/ (https://gocryptowise.com/blog/9-of-the-best-masternode-coins/).

Who's here is big in on BLOCK? And for how long?

OK,,, let me say something that I wish I did not have to but I actually liked this project when it first came out. As first response above says,,, a lot of talk came on publish0x (which I also thought I liked) but the past days have shown it to be a rather shill active project.

There is a bit of difference when you talk about a BIG project that a lot of technical people discuss like GRIN, and one where people shill about market cap ONLY.

Big shame for me but this means I avoid.

Been bullish on BLOCK ever since I started reading up on their XRouter tech. Read more about it here: https://blocknet.co/introducing-xrouter-developers-can-now-mix-and-match-any-blockchain-via-the-worlds-first-blockchain-router/

Basically decentralized oracles run by service nodes. With the price being so low (heck, all alts is freaking cheap right now), I'm definitely considering buying another node, since I believe decentralized trading to be the future, since it's hassle free, and a safe way to trade.

What is you guys price projections for BLOCK in like the next 3 years? Anyone willing to make an estimate? I'd love to hear you guys opinion  ;D

Considering their supply is tiny (6 million), it wouldn't really surprise me to see BLOCK reclaim it's previous ATH of about $50, but in theory could reach a MUCH higher price. It's impossible to predict at this point, as we're still in a full blown bear market  :D

Impossible to predict, but a 10x from here on is EASILY achieveable, especially with it's low marketcap currently.

16% in the green the past 3 days. Seems like this baby is on the move, I'm sure I'm not the only one considering to accumulate enough for a service node, and profit off of the DEX in the future.
If only there was more liquidity, gotta buy up slowly not to raise the price too quickly.

Kind of excited about their XRouter and XBridge after doing some research on it, if they do indeed land some partnerships, I could see this one fly up the ranks in no time.

Blocknet is not only a DEX. It`s a platform that connects all blockchains to each other. It will have a vast utility. Blocknet is one of the best projects in the blockchain industry.

Didn't notice this thread ever got a counter reply, but you're right.
Blocknet's DEX is getting more advanced and easier to use. The lite wallet speaks for itself. https://xlitewallet.com/

All the major alt's has taken a beating as of lately versus BTC, but I'm sure we'll see new ATH's for promising alt's soon (including this one). Which would result in more than 100x conservatively imo.

True, Blocknet was recently featured on Cointelegraph

https://cointelegraph.com/news/decentralized-exchange-vows-to-remove-defis-limitations

Good read, that explains the importance of this project.  ;)

Sad to see Blocknet hit such low levels. There was someone who hacked a lot of Blocknet recently, which I guess he dumped at Bittrex.

I'm definitely buying some, as I predict a 2x - 3x short term is very easy to reach, due to it's scarce supply.

With the multi currency wallet coming out soon
Blocknet ERC20 token
Ethereum integration

I'm SURE the price will head upwards real soon ;)

yes, i remembered blocknet, they're used to be bickering with the scam supernet which no longer exist.
i wising the supernet people the best but i really don't think it is possible for them to succeed or achieve anything meaningful, it's taking them forever and the funds probably already dried up.

According to third-party analytical resources, Blocknet has a very high profitability, almost at the level of 2,150%. in almost a year from July 2017 to July 2018, the Block token peaked at $ 57 and immediately began to fall with the entire cryptocurrency market. Today Block has only $ 1.90, but analysts consider the project to be quite promising and deserve the attention of investors.

Sounds good, got any source on that? Not that I believe you're wrong about that, I too believe that Blocknet will return to its previous ATH, and perhaps even higher!  :)

Found this article, which is pretty new:
https://cointelegraph.com/news/decentralized-exchange-vows-to-remove-defis-limitations

Definitely starting to see the bigger picture in this project. Seems like a good buy right now  :D

Everything went up in the past day or so, there is nothing special about blocknet that made it go up and we can see that it wasn't even one of the top coins that went up most neither, it went up on average with the market.

This isn't to say that blocknet is a bad project, I find it quite refreshing and having an improved blockchain helps not only blocknet to get more investors, but also helps future projects as well, whenever there is an improvement on blockchain, next projects add that and their own thing on top so new projects becomes better, blocknet achieved something that could become standard for all projects in the future as well so I do like them.

I just want to point out this awesome blockchain wasn't the cause of the increase we just had, it was market movement.

True, however I believe Blocknet's Erc20 version: ABlock will not only expose the project to more investors, but will add a lot of liquidity as well.
Blocknet is listed on Bittrex, which is a pretty good exchange, however they demand KYC, which for some people is a no go.

Blocknet has a bunch of new tech coming out shortly, which is why It's a good play right now if you got some balls to buy the low.

It's funny how people seem to be so emotional. A shitcoin with no development, no progress, a dying community is a big red flag, but Blocknet is the quite the opposite of that.
Join their Discord server, and try out their new Xlitewallet which is in open BETA right now. It's gonna blow their total DEX trading volume through the roof!

https://xlitewallet.com/

Seems like a very promising project. I wonder why they haven't reached out to some bigger projects for possible collaborations yet? That, if their tech is ready obviously.

They've worked on a LOT of different things at once, which isn' the best strategy, since it slows them down overall. Their Multi Currency Wallet will however make their DEX more accessible. I'm sure the total volume will pick up once you no longer need to download any chains to be able to trade on their platform.

https://xlitewallet.com/

which analysts are you referring to here?

I'd like to know as well.

Blocknet was recently featured on Cointelegraph, (There's a link posted to it somewhere here on the forum).

Their main issue right now is liquidity, which they'll solve with an ETH bridge. They are creating their own ERC20 token to be tradeable on Uniswap and other DEX's. Which is pretty useful

Blocknet was dumped to 4k sats the other day, pretty insane. Whoever was filled down there, congrats, lol.

This project along with many others will likely boom next year, exciting times ahead!

Blocknet didn't really gain any momentum like the rest of the alt's as of recently. Low caps doesn't usually do that until the big ones have moved up, as we saw in 2017.

I wonder if BLOCK will return to ATH's, it's a big of a gamble, but as they say.

High risk - High Reward

At least it's stakeable though, haha

Last bullrun the top coins pumped first, then a bit later the low caps got massive attention. I'm sure it will happen again. Low caps will do 100x, but are dangerous to hold since they are the first coins to dump first, and by saying dump, i'm talking 80%+ most of the time - Unless they break out and stay at the first page on Coinmarketcap ofc.

Never heard of this project, but I'm pretty interested in DEX's since I try to avoid KYC at all costs.
The fact that you can earn from the trading fees as an investor is interesting, something which could jack the price up significantly in the right environment.

I hope you're right about this one. Truly insane that the price has dipped down in the 4k satoshi range, I wonder how low it will go, before it rebounces. I'm buying a TON of Block regardless, as the upside is getting bigger and bigger every single day. DCA'ing down is cool, and will reward those who got the balls to invest

That's a cool concept, but honestly believe Blocknet's XRouter could pull in way WAY more money to node owners, especially if they tap into being an Infura replacement. Infura proceses millions of transactions daily, and a ton of money (fees) as well, that if shared among nodes will make a pretty hefty sum of money for each node owner.
Exciting to see if they can pull off some partnerships in the near future.  :D

From recent research I did, it looks like Blocknet will be tradeable on Unsiwap soon as an erc20 token called "aBlock" That could definintely give this project a boost. It's sub 500 on CMC with amazing tech. It's a gamble I'm willing to take!

Their latest announcement today stated that it will be ready real soon. I'm sure added liquidity will make the price rise. Right now BLOCK isn't easily accessible for people trading from the US, because of Bittrex.

If your average price of BLOCK is $1. Then for every dollar it rises you make a 100% gain on your investment. The low supply is interesting to me, as the price can move pretty damn fast in a bull run.

Blocknet is a huge gamble, but if you really want to gamble, it's a good one to bet your money on, since they've been around for so long, and have kept developing for so many years. Could explode next run.
Holding a small bag, in case it takes off.  :)

Any possible way this project could hit $50  8) Looking for some low cap, high rewards altcoins, and this one sure looks promising.
It's an old project though, which worries me a little, thoughts?

It could easily reach double that I think. $100 is about 800,000 dollar marketcap which in a full blown bullrun isn't much. Heck it could even go much much higher, time will tell though.  ;D

Sounds amazing, but who knows, right? I'll buy a small bag in case it takes off. Thanks!  :D ;D

If only this project was developed and reintroduced to the community, this project might develop. I haven't heard of any updates on this project in a while. and also need to work with several Exchanges, because so far they only exist on Fex, FinexBox, bittrex, Altilly, and Vcc.

They are launching their ERC20 version of BLOCK real soon as stated by the latest announcement from the devs. Will be listed on the Anywswap exchange, with this token BLOCK will be listed on Uniswap as well.
Their XLitewallet is nearing public release as well: https://xlitewallet.com/

And their Hydra Network is getting released next year.

With so much going for them, it's crazy how small the marketcap is still.  :)

Gained 25% the last 48 hours. Thanks OP for this thread.  ;D ;D

This is why: https://medium.com/@theblocknetchannel/xlite-public-beta-now-live-7bb458e2b814

Even more reason to start accumulating a Blocknet node right now, as if the DEX volume increases significantly from this point, it will make great passive returns, which will increase the demand for BLOCK even more. Win/Win  :D ;D

The price touched $2 for a short moment. Holding up amazingly well in satoshi value right now, in fact even gained about 1000 satoshi as of lately.

With the current releases about being finished, I'm sure Blocknet will do amazingly well. Holding it with iron fists!  ;D

I just bought the 31K BTC dip, let's see how it goes from here haha
This is a healthy pullback and the time to buy.  :)

Investing in miners are some new options like NVIDIA if you are looking for one and DEX's are still going to be a good play too during this correction. As for MINERS they'll mine the bitcoins regardless, if they can get them cheaper they'll hopefully get more so their yield average will always increase. But do it at your own risk. Because it's not actually always profitable. Depends on your situation. The competition will be the large Chinese mining farms using literal free hydro energy. And if you may be interested in buying Block in Blocknet DEX that would work too.