Bitcoin Forum

EDIT: The price already 10X'd from my initial post. There's still room for another 20-50x though, keep reading!

Stakenet is by far one of the most promising projects I've seen as of lately. You'd have to have followed the project to truly understand it's potential, but I'll try to explain it briefly here.

1) They helped the Litecoin team with Lightning Network integration on the LTC chain.
2) Stakenet is the industry leader in terms of Lightning Network developments, building and improving the technology in a way that benefits everyone. Their new Lightning DEX, which is an integrated part of a multi currency wallet they've been working on for the past year is bound to be a huge success for the following reasons:

Speed
Ease Of Use
Option To Hold And Trade Multiple Coins

The whole eco-system is ran by masternodes, who will do the dirty work (routing transactions back and forth over the Lightning Network), this means that Lightning node operators already have an incentive to keep them running, since the masternodes is profitable to run from the get-go already.

USDT, Ethereum (and it's tokens) will be integrated as well.

This is just a small, yet important part of Stakenet.

Stakenet invented cold staking, which means that you can stake XSN through their "Trustless Proof Of Stake" protocol.

Please do yourself a favor, and watch this small presentation video:

https://www.youtube.com/watch?v=sXj3_qKSUBk&t=3s

Yes i dig yesterday into the development of them.
Somebody wrote about it.

Why are they just so much under the radar yet?

Because the price isnt moving

where to buy this coin, i see coinall and livecoin, are they safe exchanges?

Livecoin is your best bet if you want to avoid doing KYC on Coinall. Coinall is owned by OKEx, so if you've got an OKEx account, you can login and trade straight away.

Once their Lightning DEX is out, you can trade there, however I do believe the team will list the project on bigger exchanges eventually.

What you are describing here are long term fundamentals, they have nothing to do with the short term price speculation. Lot's of project can be worth 10x in the future but are crumbling right now and in the near future.

i signedup for coinall, i did not ask me KYC you mentioned above, what is KYC

KYC = Know Your Customer

Basically a process where they ask for your personal details, in order for you to transact with cryptocurrency assets on their exchange.
Unless they changed their policy, I'm pretty sure you need to submit level 1 KYC to withdraw funds from there :)

Their DEX is pretty soon ready for a public release, which means that everyone can get to try it out, I expect a massive marketing push, which could catapult the price to 10x it's current value easily, since what they do here, is a world's first.

I think that the creation of DEX will not help to make the price grow 10x. This is not the time for DEXs yet. Unfortunately, but people still do not understand the advantage of DEXs. I think that it takes 2-3 years to become more popular and then it will matter.

I agree. The market is too small and too saturated by centralized exchanges. If their whole marketing plan relies on the popularization of their DEX it will fail.

For Dex to succeed and overtake the centralized exchanges there would have to be a big disaster that would scare people and make them withdraw from CEX and move to DEX. A ban on CEX that would make DEX trading the only way to exchange could work. Without it CEX will continue to dominate.

The DEX itself is a part of their Multi Currency Wallet with inbuilt Lightning swaps as well (Another world's first).
The DEX itself will combine DEX order books from all the existent DEX's out there, meaning it will benefit the whole DEX eco-system out there. All the fee's associated with trading, will be used to buy-back XSN on the open market, and distribute it to the node owners.

Stakenet is WAY MORE than "Just a DEX", they invented cold staking. Will build their own hardware wallet, oracle network, and much much more. Do some actual research on this one, seriously.

I'm well diversified in a lot of small cap alt's, this one being one of them rarely mentioned here, which is a god damn shame to be honest.

Once the bull market truly returns, all the major alts will pump beyond belief. This one too.

Here's a pic of the DEX for anyone who's curious about it:

https://i.imgur.com/6E8T3rg.png

I don't see how this is going to do 10X before Bitcoin Halving in May, people need to be realistic unless you are just shilling your bags to other people. BTC halving is going to suppress the market for now, the way I am seeing things and I expect this to be

This is a world's first, and a huge marketing plan is planned for the release of this, which has taken more than a year to develop. I don't think you understand how low the marketcap on XSN currently is, considering what they have achieved thus far.

I don't disagree completely with you here, but overall you don't get a better entry point to this project, than right now.

I really dig this UI design. Looks extremely promising. I found out about this project just recently, and got the opportunity to test it (beta). It's pretty close for public release, at which point I'm sure the price will move due to a LOT of people who want to try it out. Instant decentralized trading is TRULY in demand.

I follow all these people from the past. POSW time... ;D

I test the new MCLW and UI is gorgeous!
The dex works as expected and masternodes have a great ROI.

The XSN cloud is awesome!

Buy coins? Livecoin is the best or you wait until the MCLW DEX comes out and buy it so!

Remember that Stakenet can be stored on ledger or trezor!

A little more patience and you can TPOS on Ledger or trezor! check the roadmap or github.

Why not stake coins for more coins?  :-X

I'm in XSN and have been since the swap from PoSW.
For some perspective, buying POSW was my biggest regret in 2017. My bags became so worthless that they weren't even worth selling. It had working products in the form of a centralized exchange and a staking service, but the implementation was messy and ultimately unsustainable. Ironically, XSN is my favorite coin and I consider myself lucky to have discovered it completely by accident. I'm buying a little more today, in fact.

The X9 Developers took over the project a little more than 2 years ago with a significantly more comprehensive idea to embed Lightning nodes into their MN network and then use the liquidity of each masternode to execute heavy-hitting orders quickly. It's the best implementation of Lightning I've seen. It's fast, effective, and provides a theoretically unlimited quasi-centralized pool of funds in a completely decentralized manner. If it takes off - mind you, I do believe it will - their implementation will make it very easy for anyone to use Lightning without the need for additional hardware.

On that note, it could be argued that Lightning isn't profitable enough to justify on it's own. At the very least, it could be argued that Lightning isn't profitable enough to be anything other than complimentary to something else unless it is done on a very massive and centralized scale. Stakenet has a tremendous advantage here as the masternodes already perform several other profitable jobs in addition to routing LN payments.

Put briefly:
Purely decentralized network that runs a code-agnostic interchain exchange with all the benefits of Lightning and centralization without the need for hardware add-ons.

It's brilliant and it raises the bar in a way that truly honors the Cypherpunk Manifesto like XMR and Bitcoin did.

There's no doubt in my mind that XSN could massively explode one day. It really blows my mind why this project has such a low marketcap still. Once the DEX is out, I'm sure a LOT of people will start using it, for convenience sake, as the DEX itself is integrated into a multi currency wallet.

Thanks for your insight man. You clearly know a lot about the scaling issues we've seen, and how Lightning can solve this moving forward. Lightning in itself on BTC doesn't seem like a profitable thing for node owners, but when you enable it on already profitable masternode servers, it's another story.

Pretty exciting to see where this is going, the latest major crash, didn't do nothing to price in satoshi, which is pretty awesome!

Nice to see this beast of a project gain in satoshi today, on top of the BTC rise, which made it gain with more than 20%.

I'm sure once the DEX itself is released, that we'll see growth on a much larger scale, as use case is the defacto here.

When this launches, I can rest well knowing that I will probably never send my Bitcoin to an untrustworthy exchange ever again  :D

Hopefully a lot of people will start using it. I hope their DEX Aggregator will be ready for the public release, since it provides a ton of liquidity from other DEX's, since it pretty much combines order books to add liquidity.

If everything turns out right, I wont use a centralized exchange again, unless I need some obscure altcoin obviously.

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FiDxyGXy.png&t=611&c=YMl_CXXpMhBIaw
I think it has a pretty bright future ahead of it  :o

I know it's been a while, but I want to warn you about this:

Livecoin.net Scam (https://bitcointalk.org/index.php?topic=5159692.0)

---

if i'm not making any mistake this project is from march 2018, i saw it here:

[ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin (https://bitcointalk.org/index.php?topic=3213013.0)

why only have 2 exchanges? it seems that the creators of this project are not concerned with having their altcoin listed on reputable exchanges. In this current situation it forces people to have to be dependent on exchange like livecoin which is definitely not a good thing

1) I never had any problems with Livecoin, and been using it weekly for the past 3 years. Livecoin isn't the most reputable exchange, and overall NOBODY should hold their coins on an exchange like the guy did in the thread you just posted. Don't understand why they would block his account though.

2) Exchange listings costs a TON of money, and Stakenet never held an ICO, meaning they don't sit on MILLIONS of dollars to blow at these exchanges. They are soon releasing their fully flexed Lightning DEX, which will hopefully yield some profits to the devs in terms of fees from the network. Doesn't make sense to pay 1 million dollar for an exchange listing, when their overall goal is to be a decentralized project. They are constantly applying for exchanges though, so I'm sure XSN will be listed on more exchanges down the road.

The main focus however is on the DEX itself right now

Getting "listed on reputable exchanges" usually means "bribing gatekeepers". Do you know how much they charge just to get listed?
They act like they only list the good projects, but all their synergy and cooperation is bought and paid for.

I don't entirely trust Livecoin, but I've been using it on and off for 2 years and never had much trouble. It's a good, straight to the point non-KYC exchange.

Immediately transfer any crypto you buy off off off the exchanges and you'll be ok. Always have a zero balance on your exchange when you log out. I used Cryptopia throughout 2018 with this approach so I never lost a thing when it got hacked.

True words spoken here.
NEVER keep any coins on exchanges, and you'll be good. Livecoin is one of the only "good" exchanges out there, STILL not demanding mandatory KYC, which is a huge benefit for me, since I care about privacy.

Once the Stakenet DEX opens it's doors, I'm pretty much done with Livecoin though, unless I need some obscure coin, which is highly unlikely.  ;)

This project is not indexed on good exchanges. Only shit. It should be on Tradeogre, Stex, Qtrade ... exchanges, even small but which attract more attention.

I agree with what you say. and I will participate in the stakenet program. and hopefully this project runs according to what we all want.

They are under the radar because they are listed in one unknown exchange and on one exchange with a lot of bad reports, if this project is really that good, they will not have a hard time getting to big exchange, there are big exchange which focus on the features and the potential of the project, they will cut the listing fee if they deserve to be in their platform.

Well, that's what they claim to do, but in reality they don't want to list projects that competes with them, which kind of makes sense, don't you think?

Sure they're under the radar, once they get this DEX up and running, and implement their DEX Aggregator, which will combine DEX orderbooks through API's, you'll be able to trade with a TON of liquidity. This will benefit all existent DEX's running today, as well as the masternodes running the Stakenet DEX.

Exciting times ahead, exchanges is the least of my worries right now.

Just traded BTC/LTC on the Stakenet DEX, and it was SO FAST, pretty much instant as any other centralized exchange. If more projects implements the Lightning Network on their chain, oh boy does it open the doors to a lot of peer 2 peer instantaneous trading.

This is not a 10x, but much more a 50x if it takes off. Not even kidding....

Just saw this video demonstrating the DEX and BTC => LTC Off-chain Swaps. Completely mind blown with this project. WOW!

https://www.youtube.com/watch?v=wSNFhFBKmsc

Pretty impressed with the UI, as well as the quality of the overall dApp. I can easily see this take off, from the fact that it's so user friendly, and quick to to navigate around and trade.
If this get's released onto a mobile app, I'm sure it could take off with ease.

There are tons of mobile wallets out there for a lot of coins, but a multi currency wallet, with the ability to trade trustlessly, is one thing I haven't seen before.

I thought people were more mature and didn't believe in things like 10X and you are talking about 50X? this is very exaggerated optimism and the kind of thing that is not recommended. you should look for safer projects that are already established in the market so that at least you have a decent profit but without taking too many risks. I pointed out the fact that this project was not listed on many exchanges and saw some arguments on that subject here in that thread, but they are arguments that do not convince me.

Exchange listings costs a fortune, and is generally not worth it if it blows all the dev money, which could be spent wiser on development. The DEX itself will be the hot spot to buy XSN on the short term, long term they will build partnerships with bigger venture capital firms to get funding for stuff like exchange listings.

If you compare a project like Stakenet, with a lot of the top 100 projects on Coinmarketcap, you could easily (from a technological view) put Stakenet at rank 60 or so for what they've accomplished. Which with a current marketcap of $3.5 puts them in a high ROI position.

Speculating on projects is dangerous and risky, but that's all a part of the game.

I'm sure exchange listings will be cheaper once a given project gets more exposure, and users. Afterall the end game for any exchange out there, is to profit from trading fees, and not really from the initial "fee" paid to get listed.
Since this bear market started, I'm sure the listing fees has been reduced a LOT.

The vision of the project is quiet promising. Having something similar to LN as we know with btc is a great step. But, do we really need this with altcoins? We all know the purpose for which the lightening network was created for.
Another point is about integrating a token for some usecases which i don't really think it needs a token to be done. Being listed in exchanges doesn't prove anything, as already one of the two exchanges is a proved scam [livecoin].

XSN is used as collateral to host the service nodes running the whole eco-system. XSN is also used when trading on the DEX itself, all the fee's is being used to market buy XSN and distribute it among the service nodes running the services, which will create artificial demand for the coin itself.

XSN is much more than just a "DEX", check their roadmap ;)

XSN is basically used as "gas" on the network, like Ethereum is on the Ethereum network, that's at least how I understand it, and with more and more dApps coming for the eco-system the fees collected by nodes will increase over the coming years.

XSN also provided dApps services but it was not mainly used as gas as you claim because the project team claimed the crypto is digital money just like bitcoin which simply XSN can be use as means of payment and with it lightning network capacity the coin should easy to use but it stilk need better community support though.

XSN IS money, but acts as "gas" as well, since when you trade BTC => LTC the BTC fees involved will be SOLD on the open markets for XSN, and distributed among the nodes providing the services. This creates artificial demand for the coin itself just by people using their dApps. Hence why I said it functions a little like "gas" on the network as well :)

The Lightning Network isn't feasible to run straight on top of BTC, as the incentive to run a Lightning Node is pretty low. You have to keep in mind that the fees associated with trading via Lightning is incredibly low, meaning you wont earn much through Lightning nodes, hence why it easily becomes "centralized" straight on top of BTC.

Stakenet already has 2000 masternodes up and running, which could easily run Lightning Nodes on top of already profitting servers, it's a genius game plan when you think about it.

Stakenet has an amazing community. Look at the offiical Stakenet Twitter profile, and you'll see what kind of support this project has. We've got as much engagement as Binance does, which is pretty damn cool ;)

True, which is why the Twitter and Facebook groups have been used to promote out right scams on. Fake giveaways and such, which happens to most larger projects as well. Thankfully the devs is aware of this and removes it pretty quickly.

I'm sure that once the DEX and Multi Currency Wallet is released, that the whole community will shout about it everywhere, especially if the markets turn, and we enter a bull market again, we'll have to see though.

Never heard of this project before, but it sounds extremely promising.
Just went through their official Youtube channel, where I saw the latest 2 promo videos, and I must say, wow I'm impressed with the proffesionalism these guy show. Finally a project that doesn't try to be "The better Bitcoin", but rather tries to make cryptocurrencies more accessibly and easier to use, actually enhancing the user experience.

Definitely following this one!

I believe this project, if it launched properly could do amazingly well. The fact that it has reached such a low price is insane, and I'm buying up as much as I can, including other promising altcoins, which is freaking cheap as well!  ;D

What is the timeline for release of this DEX? From the pictures shown, it looks pretty promising. :)

¨

It wont take long. If you want you can join the Stakenet Discord channel and help on testing it. From what I've seen they are fixing the lasts few bugs, and is about to get ready for trading bot implementations etc, which is something that wouldn't work on traditional DEX's as Atomic Swaps is way too slow for bots to work properply.

Thanks man, didn't know this was open to test already. I'll reach out and join in on the testing for sure, as it looks very promising  :)

Dont get me wrong cause I'm totally aware of everything you're saying and the part i know about the project is the adhere to the existing others crypto currency but all this still dint justify the future of this project because concept is not enough to make project thrive in crypto market.


If XSN is money what is Bitcoin? I will advise you not to believe much in what the project owner said about XSN to be money like Bitcoin whereas XSN is just a copy cat like other altcoin we have in the market.

XSN can be used the same way as BTC. XSN can be used anywhere that accepts BTC payments over the Lightning Network. XSN can be cross chain traded like that, which is pretty damn cool.

XSN can also be staked for BTC soon, via "Cross Chain Proof Of Stake", which means your staking rewards are sold for BTC on the Stakenet DEX, and given to you automatically. This means that XSN is accepted anywhere BTC is. Get the idea here? Otherwise I'd advice you to watch this very short video explaining it: https://www.youtube.com/watch?v=sXj3_qKSUBk

XSN will not only allow BTC to scale, but also make it cheaper to transact with for consumers. XSN IS money, the same way BTC is.

What makes XSN stand out compared to all the other "shitcoins" out there, is that XSN doesn't try to compete with BTC. How many times have you seen people compare transaction speeds and block sizes, trying to convince that "Digibyte" is faster and "better" than BTC? Trying to compete with BTC is nonsense, it makes NO sense, which is why XSN tries to ENHANCE BTC - Making it easier, and more convenient to use.

Stakenet doesn't try to compete with anyone, they want to ENHANCE the user experience of crypto currencies. They beat most other projects by a long shot, since XSN can be sent instantly, with unlimited transactions/s over LN, but that's not really the point here.

The Lighthing Network at this point in time is used by nobody, since it's way too technical to setup and use by the average "normie". You don't need to hold XSN to use their services, but all the fees associated with their services (dApps) will be sold for XSN on the open markets, and distributed to the nodes running the whole thing. This will push the price up on it's own, which is why a 10X is being pretty conservative in my opinion.

Stakenet has no problems surviving as they'll be generating profits off of multiple services - Not only that but their dev funds are pretty well established as well. So no worries in that regard :)

I believe you completely miss the point of Stakenet.

Stakenet is not here to replace BTC, but rather enhance it's usage. There's a big difference. Anyone bullish on BTC, should be bullish on XSN as well.  ;)

There are tons and tons of which is likely to 10x let alone 50x next bull run cycle. Small cap projects with good tech will explode, and top 10 coins like ADA is likely to reach their old ATH high as well.

10x really isn't that much at this point, the crypto currency market is relatively small compared with the stock market, so anyone with a decent sized portfolio will do amazingly well in the future.

It's old project, i didn't follow it for a long time, but recently i saw that it is going very well with development, so, i can't tell about x10, but it is worth to look at.

Old? Digibyte and Dogecoin is old, Stakenet was launched in 2018, haha.

Their tech is amazing, and I recommend any doubters to join their discord channel and try out their Lightning Network ready DEX and see for themselves. It's truly the fastest DEX around. BTC => LTC and vice versa happens instanty, which you wont see on any other DEX's since you need to wait for blockchain confirmations between each trade traditionally.

After testing the DEX yesterday, I think it's pretty safe to say that I'm very very impressed with what the team has accomplished here. Their DEX aggregator is probably the coolest thing, which allows you to connect to other DEX's and exchanges through the DEX, which ads TONS of liquidity.

10x on this one is pretty damn conservative.

It indeed is very cool. I posted about their recent DEX aggregator news in another thread, but basically you'll be able to access multiple DEX's and exchanges through their Lightning DEX. Here is an example of LTC arbitraging through the DEX and Binance.

https://imgur.com/zSxobsV

Well that's pretty cool. Liquidity is the most important thing with any DEX's to be truly used by the general public. Nobody wants to trade on a platform with no volume.

ok  but  why do  you shill it  so much?

also  I have red  that masternodes make it centralized  in some way

a  x10  is too much in these  market conditions.. this  is  not 2017

maybe  whales  can  use them

shouldn't BTC halvening  pump  the market?

I doubt stakenet (XSN) can pump and provide 10x profit, because according to the analysis I have done, XSN does not have strong fundamentals.
And also the volume is very low, which means the demand is also low. After all Stakenet from the first created in 2018 to now the performance is
getting worse. So my advice avoided investing in stakenet (XSN).

I would be careful when if I would be investing in crypto startups . If we look at the old charts vs new ones only 2-3% of projects are still in 2020 . Most of startups from crypto failed

To it's credit, XSN got beat up almost immediately but it survived. Development never stopped.

Usually small coins that their only advantage is "high income with PoS mining" are only pump and dump...
Lightning Network didn't prove itself as a game changer until now... too much hype in my opinion.

Hello... how  can you say that  it survived? Based on what?

You haven't tested their DEX yet I can tell. It IS a game changer, as you can trade between all Lightning supported assets instantly.


He means they didn't quit developing even with a limited budget. They've been making huge progress as of lately, with the DEX and Multi Currency Wallet out soon.

Oh the hype will be real once the DEX and Multi Currency Wallet is out, there is NO doubt about that. Watch this video and see why: https://www.youtube.com/watch?v=wSNFhFBKmsc

Stakenet is building an ECO-system of dApps, which will run on Stakenet masternodes. These dApps can be used whether you own XSN or not, it's not the point. The point is, the fees generated from the users is sold, and instantly turned into XSN to distribute to the node owners. This will artificially jack up the price of the coin itself. There's so much to say about this project, and it really blows my mind that nobody seems to pay attention to it yet. I'm sure it's gonna blow up one day.

Didn't know that, that's pretty awesome, guess I need to do more research on this one. Seems like a very ambitious project.  :D

Where are you seeing "too much hype"? The Lightning Network is constantly being worked on, and the Stakenet team being in the lead on dApp developments on top of this tech is pretty damn cool. Nobody uses the Lightning Network because it's for NERDS, Stakenet makes the Lightning Network easily accessible for anyone.

If you like DEFI, Stakenet is probably of your interest.

· issuance of stablecoins using masternodes collateral
· lightning dex
· tokenization
· prediction markets using XSN Masternodes

Stakenet had a nice run yesterday. Anticipation for the final release of the DEX I guess. Once it's out, and we get the proper marketing, I'm sure this baby will fly. No doubt.

Luckikly I managed to buy in below 600 satoshi. Anything under 1000 is a steal though.  ;D

Well, it's hovering between 550 - 600 right now. Which is a bargain considering they've got a HUGE milestone completed very soon, which will likely be a game changer for all DEX's worldwide.

It's had a pretty good day, stayin above 600 sat  :)

True. Once the DEX and Multi Currency Wallet is out, I'm betting we'll see 2000+ satoshi easily

Never heard of this project before, but it sure as hell sound promising. When is the DEX scheduled for launch?

I don't believe there is a specific launch date as of yet, but we're getting VERY close based on the recent dev updates :)

A few big investors seems to have joined as of lately. Massive amounts of big sell walls taken down. It wont be long before we see a steady increase, as everyone is awaiting the DEX and Multi Currency Wallet  8)

We are very close to release, Dev team are smashing our new builds of Stakenet Wallet and the integrated dex almost daily with new features and bug fixes. It’s been a long road to get to this point but the devs have absolutely smashed it out of the park with the latest update. You can see a short vid on their twitter but essentially they have solved the biggest problem with all Decentralised Exchanges so far - Liquidity.

https://twitter.com/xsnofficial/status/1275129094397734916?s=21

Essentially what they have done is they are able to plug Stakenet DEX into any exchange, video showing Binance coming next, so that Stakenet DEX has the liquidity of all exchanges combined. This means you will always be able to buy/sell at the absolute best price directly from your wallet with no KYC, geoblocking, having to trust your funds to a 3rd party, etc.

That is HUGE news man!! I saw it on Reddit as well: https://www.reddit.com/r/CryptoCurrency/comments/heiw9j/lightning_dex_now_plugged_into_binance_to_ensure/

No wonder the price is moving right now, hopefully I can get a few nodes below 700 sats  ;D

..did you?

This coin has been doing very well! I hope it has a bright future to it.

ive been holding xsn for a while, i just regreat i didnt buy more 300+% increase in value and when i look back it was not that long ago when i just heard of stakenet few months ago.
Imo this is one of the few really solid projects out there.

Cool to have you onboard, man. I would have liked to buy a little more too.

XSN has been doing very well recently.  :D

There's your 10x, I hope SOME of you listened.

There's still room for another 20-50x guaranteed in this project though. Don't believe me? Do your own research, and you'll find out why.

Xsn is backed by Frank Amato, ex board of directors of jp morgan, enuff said

Do you mean?

very lucky who bought XSN at $ 0.05, and now the XSN price is at $ 0.4, this is like the altcoin season in 2018,
can all good altcoins experience the same thing?

I got some hoping that the upcoming dex release pumps the price more.

Or it was already priced in and I just bought high and will have to sell low.

There's room for another 10x, in fact a 50x isn't unreachable either due to the low marketcap.

Hold on to your XSN, trust me, this one is a hidden gem, just waiting to enter CMC's top 100.

   GucciBoy I like your optimism, it's nice to see someone believes in a project so much. Because your optimism I will check more
about this project. As I see this project is on 249 place, the price is 0.44 USD. It's a good price, for investing if this projects can
enter in top 100. For the start investing $20 will be enough I think, but I will do my own research and I will invest only then.

Best advice is to join the Stakenet Discord server and ask for access to the DEX beta. That's how you see the bigger picture on this project.
The DEX is seeing amazing volume while still being in beta, which is because trades are instant, with very low fees, which makes it feel like you trade on a centralized exchange. Pretty damn cool

Huge accumulation going on right now, the price seems to have settled at about 3000 sats. I'm sure we'll see 5-6k in a few weeks, leading up to the launch of the DEX.  ;)

Think we can hit 10k by Christmas?  8)

Double that.

Remember that we reached 12k sat in 2018 without any DEX, just the launch of the project really.
Once we get enough people onboarded, the price will grow organically.

I can't think of a single project doing more for crypto. It's drastically undervalued.

Agreed, considering they have a working product solving one of biggest problems with crypto right now:

Scaling

Any word on upcoming exchange listings?

True, whales are accumulating this one hard. Surpressing the price, taking profits... I personally wouldn't sell right now though, especially after reading this write up on Reddit about the project:

https://www.reddit.com/r/CryptoMoonShots/comments/ij3d7i/stakenet_xsn_a_dex_with_interchain_capabilities/

Devs cannot disclose that, due to NDA's, but it's coming.
It's not their biggest priority, since you can access all CEX's via their DEX very soon ;)

Waiting for 0.4.0.4. This should be fun to try  ;D
https://i.imgur.com/KnIoIzk.png

Waiting as well. Reminds me of Shapeshift in the good old days, without KYC  ;)

Looks sick, is this coming in the next dev build?  ;D

Lets hope we will get the next 10X looking that market have heavily retraced I think is a good project but you are over-hyping mate..Lets not forget that there is a lot of DFIs around and farming is still crazing 

I guess because not enough hype surrounding the project, I noticed that people are more interested in projects with lots of hype surrounding them, this is a way of drawing attention to the project, there are handful of projects like this one that are under the radar, nobody talk much about them not because they are not good but just they are less popular, and don't forget Defi trend has taken more attention from other projects.

its so unfortunate that traders/investers now forget the real value of chosing a project  . because before they will be interesred if theres a legit development on the project but now they were only get attracted if the project is on fire disregarding other factors .

this is the main reason why the coin we have here are rarely discovered despite of the update and consistency devs put towards it

XSN is clearly at the forefront of DeFi, though.

I'm sure once ETH and it's tokens are integrated that the DEX will  take off massively, since there's SO many complaints about gas fees and failed transactions on Uniswap.

The Stakenet platform will beat Uniswap all it's competitors by a LONG shot.

Everyone in crypto undermined the idea that DEXs would take over.
Adoption has picked up at a pace that startled them and it has done so even with gross $30 gas fees.
It all bodes well for L2 swaps and Stakenet's infrastructure.

I'm sure this project will be a big gainer as soon as ETH is getting added. The UI of the overall exchange is bad ass, really digging it.

Yeah. ETH/ERC20 and more/easier options for accessibility are a powerful combo. Mobile would be a huge step up. In time.  ;D
I hope XMR is still in play.

XMR will come in play as soon as they integrate atomic swaps to their mainnet. :)

Their devs have showed interest in adopting something along the lines of LN/atomic swaps. It'd be nice to see.
Til then I guess it's LN BTC -> xmr.to

It had working items as a brought together trade and a marking administration, however the usage was chaotic and at last impractical. The Lightning Network is continually being chipped away at, and the Stakenet group being ahead of the pack on dap improvements on top of this tech is pretty damn cool.

Think again because you might end up expecting,you have 7 weeks to Go before taking that 10k satoshi and i think that is far to happen.
But the project is good and i believe that this has potential in the coming years from now or Maybe this coming Bull there will be changes.
At least next months or year?this will come to be mooning because of good team behind and the continues progress.

I understand that in the past 3-4 months it has reached from 4k+ levels to now 1k levels and that is why people are thinking like this is a bad investment and it was a mistake to get involved with it. However what they are forgetting is that this is a "tech" coin, which means the value of the coin is tied to what you can do with it and how the tech improves on it.

So, they started out with a great idea and everyone fell in love with it but the idea was just an idea and execution wasn't there so the love people have turned into sour and they left. Now that it is cheaper, I feel like it could be a better time to get involved because we are talking about actually achieving what they want to do and that could make the price go x2 at least or even back to 4k+ levels as well.

Do you think they will start delivering on their "idea"?

They have already. You can join their Discord server, and download the DEX which is in open BETA and perform instant BTC transactions. Ethereum is getting integrated soon, which is the last important piece of the puzzle before a full release.

In terms of rewards, I prefer to choose trading than investing because I can easily increase my investment through compounding. Skatenet is doing good and its movement is becoming better everyday. I also do not have characteristics of long term trader so for me it is not good to do, I do not have patience like the others who do HODL. My skills are really for short term trading where I will buy and I want to sell it for just minutes or hours. The reward is high by doing short term trading but the downside is the risk which is higher than doing long term investment. Skatenet for me is good but I think it is better to day trade it than to do long term it.

Can you elaborate on why you think Stakenet is not a good long-term choice? Or did you meant it just isnt FOR YOU?

Day trading is fine as long as the markets are predictable, but if we enter a full blown BULL market again, you'll miss out GREATLY from not holding. Trust me. ;)

Gained 27% today. Not bad  ;D

https://i.imgur.com/Ctjjrtg.jpg

It has done this up and down around 25% for almost every day the past two weeks or so. I wonder what that means.

I expect XSN to take off in the next few weeks. It may get hit first! BTC is shooting back to ATH quickly.

What is your reason for this assumption of take off? I don't see much positive written about this coin, expect from the two or three people in this thread who are making these claims all over again.

You'd have to actually follow the project to understand why. Ethereum is getting integrated next, which is a HUGE deal, as it allows instant BTC + ETH trading on the DEX, which is basically everyones WET DREAM.
Uniswap is EXTREMELY popular, but has 2 MAJOR flaws.

1) INSANE trading costs (up to $40/trade due to ETH network congestion)
2) BTC/LTC/XMR and many other projects isn't tradeable, as it's an ETH-based DEX.

yeah it does Grow half a Buck last august but fell down again now to 12 cents

https://coinmarketcap.com/currencies/stakenet/

And also i have not hearing any progress about this coin,is there any update coming after the Last Run August 10?

Ethereum coming next (being beta tested right now), which will be the biggest game changer of them all. Once ETH is integrated, I'm sure a LOT of people will take notice of the DEX, since a LOT of trading pairs will become available. A LOT of people deal with Ethereum tokens, more so than anything else - There's a huge market and demand for that, as seen on Uniswaps platform.

This project could easily touch $10, even $50 if the DEX takes off. That's my prediction anyway.

Uniswap is doing $500 million in daily volume, however people are complaining about ETH gas prices, and slow transactions. This is completely fixed in this setup.  ;)

Why we need another one DEX? traditional DEX like IDEX are not popular anymore nowdays. And we have Yniswap and a lot hardfork of it which support multi-blockchains..

Because Stakenet DEX working on the 2nd layer means that you will have instant transactions with the lowest fees on the market. It's a DEX better than CEX but works look like CEX!

That is what I was wondering as well. Maybe someone can really explain why one should use this!

Another thing I am wondering is what they are doing to secure your funds. Do they provide some security?

I'll tell you why.

1) IDEX is NOT decentralized. They enforced KYC, and so did a LOT of other "DEX's". Even Binances DEX isn't decentralized, as it's backbones is controlled by Binance themselves.

Uniswap, and the majority of DEX's out there is based on Ethereum, which means they DO NOT support BTC, LTC, ADA, XMR and a TON of other projects. They ONLY support ERC20 tokens, which sucks! On top of that the ETH network is getting SO congested, that it's no longer viable to trade on these DEX's because of the abnormal high fees.


Stakenet offers INSTANT virtually FEELESS trading It's Uniswap but on STERIODS. Liquidity is pulled from Binance, Kraken, Poloniex, etc. through liquidity providers. This means  you'll be able to arbitrage as well.

If you don't see the value in this, I give up..

It's crazy how this project hasn't blowned up yet, gives you an idea of how uneducated people in crypto really is when it comes to tech.

We certainly don't need another DEX that relies on L1 atomic swaps and wrapped assets (intermediary assets, long wait times, high fees).
We certainly do need a DEX that allows for instant L2 atomic swaps with real assets. XSN appears to be the only one building a solution like this that is natively interoperable with Bitcoin, Litecoin, Ethereum, and ERC tokens.
Stakenet DEX is non-custodial, e.g. there is no 3rd party involved in the swapping of one asset to the next. As with any proper DEX, your funds are yours. Unlike most any proper DEX, you don't have to manually download multiple blockchains, let them sync, and rely on vastly different blockchains with vastly different throughput to rely on the success of your swap.
BTC and ETH are both looking very bullish right now. Expect on-chain congestion to be a serious issue in 2021. Expect the desire to use L2 and DEXs to keep skyrocketing.
Is it any coincidence that XSN is building exactly the infrastructure to alleviate this? I do not think so.  ;D

I see where you are coming from. Although, to be fair it went 30x from March to August this year. T

30X? I've been holding since summer 2018, and I didn't see any 30x gains. The price has been at like $0.05 at it's lowest points, and saw a top around $0.70. That's not even close to 30x  :)

Sorry, my bad, this was a typo and should say 20x - it was at 0.025 around March and topped at 0.56 when I am not wrong.

In terms of BTC value, it's 2020 low was 470 sat and its 2020 high was around 4.3k sat. ATH in sat is about 12k sat, which I think it will retrace up to and touch early 2021.

The 0.025 was a flash crash, you couldn't buy down there unless you had some buy order ready. It was selller who fat fingered when he sold. The bottom is at around 5 cents more or less.

It was very sudden. I went home from work early that night and put every remaining penny I had into sub-4¢ XSN.

Damn you got lucky. My lowest entry point was like 5 cents, but I didn't get much at those prices.
As soon as we can trade LINK/BTC instantly on the DEX, I'm sure the price will 10x over night,  if not moon even harder. This is among the best tech I've seen in the crypto space. Pretty exciting tbh.

Nice, my average buy in is around 10cents. So I managed to get my nodes nice and cheap. Honestly this project could easily pump 10x from a big exchange listing alone. If you add in native eth trading plus everything else they want to do then it's hard not to be bullish on stakenet.

To be fair, I did catch the knife at first. I started buying at 22¢ (avg PPC cost of first MN was probably about 15¢), then went in a little deeper around 12-14¢, bought a lot more around 7-8¢, and finally bought as much as possible between 4-6¢. The blessing and the curse of DCA'ing, I guess.  8)
LINK first, stablecoin 2nd.

Read the whole thread, and was wondering what the status of the DEX is currently? Where do I download and try it, and how far are the devs from a final release?  ???

The open beta is available for download from the Discord. There's a dedicated channel for it there.
From what I've heard, they're working on the finishing touches for ETH integration and working on a public launch. Shouldn't be too much longer.  ;D

I can't see that Stakenet can go to 10x yet, there are some factors that are stuck,
in Github development, I don't see them updating, about development, because it should be important for a project,
take a look at Github Waves or Algorand, they really update on Github and the price of these two coins is greatly affected because of that,
if Stakenet is able to do an intense update on Github, then I am sure 10x can be achieved.

A lot of the work is done in private github repositories from what I've heard.
New staging builds of the DEX come out frequently. Pretty excited to see them go public. ;D

As mentioned above this post, Stakenet is working in private repositories to prevent other projects from stealing their work, which has been under development for the past 2 years now.
10x from here is actually not that unlikely, in fact I believe this project will 50x once it truly launches their DEX with Ethereum integrated, as it will pretty much make Uniswap obsolete. Instant BTC + ETH trading with close to zero fees is hard to beat.  ;)

It goes without saying that crypto is a wild west and a lot of projects both big and small have no qualms with shamelessly ripping an idea off and calling it their own.
I hope X9 fights back after they published a proposal for EPOS (exertive proof of stake) to have Microsoft file patents for it shortly after.

I doubt it, since taking legal actions is pretty costly. Pretty hard to fight versus Microsoft.
It's not the point though. The point is that this project will make Unswap and a ton of other DEX's obsolete with instant trading between BTC and ETH pairs, which is pretty fucking amazing  ;D

be careful dont waste your money.
its price is quite high now

it is true, XSN has a big potential for 10x, but the target I achieved is 2-4x.
now the XSN price has gone up 7%, even though the Bitcoin price has not yet experienced a high pump again,
if Bitcoin is above $ 20k, the XSN price will go to $ 1

ftfy  ;D

Liquidity has always been an issue with the DeFi space, imagine a project launching and because of Liquidity, it gets shut down  :( :(

Good thing is that in Stakenet you'll have all the liquidity you can ask for haha
Liquidity providers will ensure that there are crypto in volume on this DEX. You can trade straight from the Binance order books without even needing to log in. This is what makes Stakenet as the greatest Defi players we have now in the market.



P.S.

It's all thanks to liquidity providers. DeFi project is largely identical to the health of decentralized liquidity venues. I'm glad to see that a certain project or great teams from the space are attacking this key problem and striving to unlock a new phase of maturity and innovation in the cryptospace as a whole.  :D :)

Stakenet already has solutions to problems that other 'dexs' have had before. Good to see them planning ahead, many projects die very quickly after launch.

After missing out nearly a decade ago by rejecting a friend to mine btc. I am now taking a calculated risk for a crypto project like XSN and more likely to go ALL IN..

I may throw a very small amount of money into it periodically and that's because I am not rich.. Sorry if I may sound shilling. I just get really enthusiastic when I talk about Stakenet.

XRP is keeping on going down..

xrp is mainly owned by one company and centralized. The problem is if it is ruled security but they been secretly selling securities illegally.

Compared to Bitcoin. It has no entity behind it, bitcoin has no premine, bitcoin is decentralized, bitcoin is permissionless, bitcoin was first, bitcoin never gave out free tokens to market itself. XRP armies should not let their bags be too much heavier.. Come to Stakenet and we will welcome everyone with open arms  8) 8)

XRP is down for a reason (SEC, Delisted, etc.). Last week I saw XRP shillers countering people telling most of the alts are down because BTC is down.

But now it is clear. Bitcoin price is higher because Bitcoin is already TECHNICALLY BETTER than any other altcoin and not because of the network effect. In 2017, Bitcoin dominance was lower, some altcoin reaches almost the same level as Bitcoin. So network effect is not what prevents an altcoin to take the lead but it is the fact that almost all altcoin that pretends to be better than Bitcoin are technically flawed. More projects will be recognized soon. As more people will be convinced by a project with a lot of innovations and achieve to be as the Decentralized KING...

Stakenet is not too bad. XSN who's soon ready with a DEX of their own featuring BTC LTC ETH XSN and many other projects. This is the ONLY instant tradeable DEX's in the world as it makes use of 2nd layer transactions. Uniswap-like interface, but an instant, and virtually feeless trading.

Their DEX's only has BTC LTC and XSN right now, but Ethereum is being integrated shortly. If you really want to be the guy selling shovels this coming Bullrun, get yourself a masternode, and profit off of the trading fees on the DEX. This is by far one of the best ''DEFI" projects out there, and getting listed on a top 20 exchange real soon.

Damn you're right ,why did i just check this thread now ,In august this year is the recorded ATH of Stakenet coin and had Reached a more than1,100% Growth increase ,if had bought in this posting day of you? then our investment made a x10 value in 8 months holding ,this is too far from the growth that Bitcoin did this 2020 and also the High value of capital.
But need to move on,I'm targeting xrp now because of the continues fall ,waiting to fell down at 10 cents and will grab as much as i can afford.

Altcoins are giving us a crazy life story haha

And in this 2020 New YEae (2021st) STAKENET is some of the best investing plays out there.

Btw, I hope everyone enjoyed the holidays and are having a great New Year.

Alts are performing well at the start of this week. I think there is a high possibility for an ALTCOINS season soon. BTC dominance won't keep rising forever and Altcoins won't drop forever. Stakenet price is moving impressively too. But it's better to wait a few weeks to be sure that Altseason is started and will be our friend this month.

And one more thing. Just don't bet the house to buy crypto :) :)

Bitcoin and Ethereum are 85% of the market and a lot of people are holding cryptocurrencies that haven't surpassed their 2017 peak yet.

Not $1T yet but still impressive.

I heard that ARK announces a partnership with Stakenet?? This is a big move for Stakenet. Great job team  8) 8)

Did not see that coming.  ;D

The ARK partnership was nice, but the team just announced a partnership with the DUCKDAO project as well, which will increase exposure for the project immensely. Heck, the Stakenet Discord and Telegram is being flooded with new users right now  :D

Source: https://medium.com/duckdao/duckdao-stakenet-xsn-partnership-4a2a6e077aeb

I'm not sure whether all you stakenet shill(s) realise but when there's multiple newbie posts across close on a dozen threads shilling stakenet it's more likely to deter investors rather than attract them.

Going back a few years a couple of bagholders could attract new investors by posting on multiple threads but people are more cautious nowadays, you're doing more harm than good in attracting attention to the project regardless of its potential.

Sure man... The project just pumped 35% today. Call us shills all you want, but if you actually listened, you'd be WAY in the green right now. When this thread was made XSN was evaluated at $0.05. It's at $0.43 now, and soon it will do another 10x on top of that.  ;D

Bitfinex listings are powerful  :)

Getting listed on Bitfinex is like an investment and it was so goooood...

Everything needs to be good to go, keep moving forward. There will be more eyes soon as the team will continue to complete more of this Tier 1 exchange listing.

just keeps going..