Bitcoin Forum

Noticed this project here, on Reddit, Facebook and through a few Medium articles.

It sure looks promising with a DEX offering instant trading for BTC, LTC, ETH and it's tokens.
I've been trading on Uniswap for a good amount of time, and got the airdrop as well, which was pretty damn cool.
But, it got me wondering. Since trading fees on Stakenet's DEX is shared among node owners, + another part used to buy up and burning XSN from the total supply, you have the best of both worlds:

Deflationary coin, due to coin burn
Incentive to hold onto the coin, as you're rewarded from people using their dApp.

What do you guys think?

If it breaks $1, it's close to a 10x from here, which doesn't seem TOO impossible for a project with these ambitions.

There are multiple threads about Stakenet (mostly by the same 6 BCT members) that have plenty of info:

it's currently ranked at 443 according to coinmarketcap: https://coinmarketcap.com/currencies/stakenet/

https://bitcointalk.org/index.php?topic=5248475.0

https://bitcointalk.org/index.php?topic=5263900.0

https://bitcointalk.org/index.php?topic=5270003.0

https://bitcointalk.org/index.php?topic=5227070.0

https://bitcointalk.org/index.php?topic=5215363.0

They are certainly doing amazing marketing, wherever I go I see stakenet, however crypto world is not something like that, just because you speak it to existence doesn't mean it will happen. It is certainly a thing where you would need to be loved by a lot of people to grow bigger than what you are now.

Sometimes some projects come along and they spend millions of dollars in marketing and they still do not grow big, sometimes some projects comes along and they just distribute their own tokens as airdrops and they become huge, it is really all depending on how people see the project. Stakenet has been doing marketing like crazy, I see it EVERYWHERE on bitcointalk and yet I do not see it suddenly becoming the biggest deal in recent crypto world, which may mean people do not care about it that much.

Great point. I did some research on it recently, and surprised it hasn't caught anyones attention all that much. I believe nobody really truly understands it, yet..
It sucks that its not on any decent exchanges yet, but afterall it's a direct competitor to centralized exchanges, so there's that.

Coinmarketcap doesn't list coins by marketcap, it's a fucking joke. Use Coingecko instead

https://www.coingecko.com/en/coins/stakenet

Rank 336.

No I don't think Stakenet will reach $1 as it has already its peak during July/August this year and it would be high risk move to invest into Stakenet at this point of time wherein there are other altcoins who has not reached peak and hit rock bottom, but awaiting for a pump and it's better to invest in those altcoins.

for me its very impossible for stakenet to reach $1, but maybe not in this year my friend
and next year this coin could reach $1 even more buddy
regards

You do not really tell us when you think that could happen and that is a critical information to know if it's possible or not, the market cap and its 24 hour trading volume is kind of low so that is a point in favour of the 10x kind of growth that you are expecting out of this coin, however if you believe this is going to happen during the next months then I'll say that is impossible because people are now concentrated in bitcoin and what it can achieve, however if you give it a time frame of roughly one or two years then such a growth could be possible for this coin.

Wrong, it peaked in july 2018 ;)


It's not happening in 2020 obviously, but it will most likely happen next year


Volume means nothing as it's faked by the majority of exchanges anyway, but to give you an idea of volume from the DEX itself, you can take a peak here: https://orderbook.stakenet.io/monitor/xsn_btc
Pretty decent volume for a DEX with trading limits, running in BETA. Don't you think?

Ethereum is being tested right now, I predict the DEX will be ready by the end of the year. So that's not a long time frame at all.

Do your own research! :)

26% gains today. Not bad.

The recent news seems to be what everyone invested in XSN has been waiting for.

Exchange news
News on Ethereum integration
DEX stats page
Simple Swap progress

Best performer in my portfolio for today, wish I bought more when it dipped a few days ago.

Indeed pretty good news. I wonder which exchange these guys have been making deals with. A top tier exchange would definitely help this project gain some serious traction.  ;)

Stakenet will still be very difficult to thrive at the present time although Trend Defi still remains. It was possible that their marketing campaign was too poor and that didn't make many people aware of Stakenet's potential Dex platform.
In addition, if Uniswap cannot handle the large trading demand of investors, Dextools is available. It is currently one of the most reputable DEX platforms in the Crypto market. And Stakenet, the volume still does not exceed $ 1m in a day.
I think Stakenet should invest in more marketing, signature campaigns and Twitter are essential.

This stakenet project got my interest when I visit their website- https://stakenet.io/ , it provides staking nodes and masternodes using Lightning dex. I wonder, why it wasn't advertise well as I see this project has a potential IMHO.

Bull run is just starting and things may happen along the way of process,Stakenet is valuing more than 10 cents by now

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

So assuming that the bull will give this a 200% growth still not enough for 1$ run.

maybe .50$ is fair and doable,what you think?

but the coin is good and the team seems legit,Maybe there is a bright future for this one but not on a hurry.

It reached 50 cents back in august.

I believe it could reach $5-$10 next bullrun. The bullrun will be way way bigger than 2017.

Honestly, at this point even if stakenet is one of the greatest projects ever, even if it breaks over bitcoin, even if it makes 1000000x return, I am not going to buy it ever, not going to regret neither and I hope you make all the money in the world but I am never going to partake in it myself.

This BS that they are doing, or maybe someone else does for them, is getting tiring and I am not going to get involved because of this exact reason. F all of this and all these methods, you guys keep getting here, constantly starting topics and instead of helping stakenet just like you hope, you are hurting them.

Look, I am here and I am lost for you, you lost one investor just because you couldn't stop making topics. There are COUNTLESS number of topics about stakenet, go write there. NOOOOO you gotta start another today and another tomorrow and one more after that until forever. Not gonna invest into something so shady.

yes, this project need a good marketing strategy,
because in my opinion this is a kind of solid and reliable altcoins project in crypto space but lack of marketing my friend

I don't know a lot about the coin but one of the things I do know about any coin which aims to grow more is that, the team must be capable of ensuring the platform is constantly improved on. A good case study is that of many projects, in these projects, people are still finding increasing use and need of it because the team are always working to make it happen.
Therefore, in essence, saying or predicting a coin will reach a certain price entails many things in which one of them is the Improvements the team have done so far.
Nevertheless, in the case of Stakenet project, the All the time high was $0.569360 USD and the current price is $0.164492 USD (from coinmarketcap), looking at the difference, it is too much, then from the current price to $1 looks high and unachievable unless the team are willing and ready to do a different thing which will bring more users.

It's doable considering whales from XRP and BNB start to turn their eyes to DEX's.

Just when XRP is called out by SEC to be security. BNB coin could be next.
Binance is already fighting multiple class-action lawsuits due to fraud and illegal activity. One of the dangerous exchanges that should be avoided next to xrp..

This is not a fud. See here:

https://www.scribd.com/document/455203877/Lee-et-al-vs-Binance

https://www.rosenlegal.com/cases-1839.html

We will see a spike in Stakenet price when people learn about us. No need to use a centralized exchange for trading. You can trade straight from the Binance order books, without even needing to log in. There's a lot of tutorials in the stakenet.io

I think they could reach $1. in early 2021.
One of the important factors of coins ranking on Coinmarketcap is the number of exchanges that they listed. Stakenet announced that XSN will be listed in a big CEX and some midrange CEX, making it an even more loveable coin, and their ranking would be around 100.
The team is working under the radar so far, and we are hearing good news about Stakenet DEX, which using Lightning Network to make instant trade possible, and once they run the final version of DEX. The interesting thing is that we can trade BTC/USDT pair on a DEX for the first.
Stakenet DEX will be run by +2700 Masternode, which makes it completely decentralized, and no one could shout it down.

XSN price now is at .2075 cents. :o

Invest now! This is the time to tell yourself that a legit and unique crypto project is a store of value.