Bitcoin Forum

Stakenet has been discussed here multiple times, but here's a GIF showing exactly how smooth it runs.
As you can see, each trade happens pretty much instantly.

Here is an example of a user making a purchase of LTC from an ARB Aggregator which has been connected to binance (will be connected to many more DEX’s & exchanges in the future). Once it is sold in the DEX the ARB is buying on binance for a small profit.

This allows anyone to run bots straight on the Stakenet DEX. It also allows you to trade with TONS of liquidity, since the DEX accesses multiple order books at once.

https://imgur.com/zSxobsV

For some reason it doesn't seem like GIF pics is allowed to post here on the forums, so click the link above to see the DEX in action!

That's pretty damn cool. After doing some research on the project, I've got no doubt in my mind that these guys are gonna get far.
I saw this video a few days ago: https://www.youtube.com/watch?v=wSNFhFBKmsc - And was instantly sold on the project. Their DEX is among the coolest looking ones I've ever seen.

yes, XSN is a promissing project, just buy with your own risk,
and remember to split your funds buddy
anyway good luck

What do you mean by splitting funds? You mean diversity? I believe anyone in this space should diversify into a multitude of a projects to avoid too much of a risk.

Here's a better showcase of how the DEX and the wallet works.

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

This project is so under the radar, it's unbelievable almost.

I'm sure the implementation of trading bots will jack up the volume big time. Don't think I've seen any DEX's being able to communicate with CEX's like this, which is pretty interesting.

So this means that you can aribitrage from multiple exchanges in a trustless manner. This project better deliver, and soon. I'm ready!  ;D

ARB is a pretty good trading method and it only requires us to work hard to find exchanges with low prices. Stakenet does have users selling coins at a low price but the volume is very small. After clicking on the link and watching the video, I found that only a few people traded in very small quantities. Once bought, we can only buy from 4 - 6 $ and absolutely no available sell orders. So trading ARB is quite difficult when using stakenet. The team should promote marketing to gain more users and increase the volume of exchange.

The video shown only show cases a BETA. The DEX itself is not even out yet, and the DEX Aggregation implementation will pull order books from other DEX's inside the Stakenet DEX, which will make sure there is LOADS of liquidity ;)

When this is rolled out and released, you'll see WAY more volume. I actually predict that people are gonna love the speed of trading so much, that Stakenet will be among the top DEX's worldwide. Why? Because you can access all DEX order books from one single dApp.

This video is actually way better for people interested in how the DEX works.

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

They will pull and merge order books between CEX's and DEX's which will add MASSIVE liquidity to the DEX. Read up on their DEX Aggregator.

https://i.imgur.com/oQYpC3I.jpg

I'm sure the whole "package"/product will be out real soon. I'm so freaking excited, and using every opportunity to scoop up more while it's this cheap!  :D

DEX's lack volume, liquidity, and ease of use. If Stakenet can pull this off, they'll be very popular. This projects looks amazing, I wonder why I've never heard of it before, lol.  ???

It's a project with enormous potential and tons of use cases. Question is if they'll succeed in regards to marketing. Their product is top notch though, so the chances are that people will share this through word of mouth on a larger scale, since it makes crypto so much easier to deal with.

I see. Well from the research I did after discovering this project, I've decided to buy a small amount of XSN, as it wouldn't surprise me if this took off some day.  ;D

This was posted on Reddit as well. Pretty huge deal..

https://www.reddit.com/r/CryptoCurrency/comments/heiw9j/lightning_dex_now_plugged_into_binance_to_ensure/

This project did amazingly well, has seen a new bottom, and it's without a doubt a great play to get in right now, before ETH is integrated on the DEX.

Was hesitant to invest when I saw the price 10x, but at these prices, it's a steal.  8)

This project got a nice push, took some profits and buying back in.  ;D

Once ETH is integrated I'm sure we'll see Stakenet taking some massive exposure from the rest of the cryptocurrency community, as instant BTC and ETH trading is important moving forward.

If you sold above 4k sats, good on you, lol.

I wont sell any XSN before the price 10x's from the current value. I might sell half, and keep the rest in case it super moons.

I feel Stakenet is not really a good Dex project yet. although it has pretty special functions and a nice interface, it's bad that the XNS doesn't have volume!
I would like to advise Stakenet team to do marketing programs like AMA or create a real bounty campaign. then many people know about Stakenet and they will experience special things in Stakenet Dex. We need to invest more in marketing while the crowd is overestimating Dex. So the strategy will be more efficient and we will also save more costs.

What stakenet has is a good "idea" but they do not have the right execution just yet, obviously over course of a period they could become a great project but for now they are just at the planning and executing stage where it will be getting better in the long run.

Maybe it will become awesome, maybe they will fail to deliver what they are promising and aiming at, we do not know that yet hence why you do not see people jumping ship from all other places and coming here. This is why I care about what we can do with stakenet in the long run and not today, today could be handled one way or another but if we are certain that the team behind the project could achieve all they want, that means they could definitely make it huge, but if we thing team can't do it, it will suck.

The DEX itself has seen volume exceeding most DEX's however from stress testing BTC and ETH transactions, with little to no problems.
You can't deny that INSTANT BTC + ETH trading is everyones wet dream, as it creates a MASSIVE opportunity to either: Scalp trade, tether up in seconds, arbitrage across exchanges, and much more.
With Stakenet being able to access ALL centralized exchanges in the world through liquidity providers, you don't need to worry about getting the best deal whenever you want to trade your BTC or ETH for a specific ALT. You'll get the best deal from whatever exchanges that hosts this coin/token.

I'm really impressed with what they've achieved thus far, and personally buying up on every dip. This one is a true sleeper.