As long as Dex's fail to get people trading, they are going to be just destined to doom forever, there is no way in hell you can convince people to actually trade in a place with bare minimum volume available. Which creates this weird cycle, people do not go to DEX because there is no volume, there is no volume because people do not go there, its an endless cycle until one of them is broken. Either the website gives up, or they just find a way of getting people who will overlook the volume issue.
I say increase the affilaite income, if you give people share of the fee they can get from the people they invite, like what binance did at the beginning with %50 of the fee, you may have a bigger chance, plus always try to work with bots, bots do bring it a lot of people as well.
There's a reason more and more DEX's starts hitting the scene, it's because there is an actual DEMAND for them, otherwise we wouldn't see projects like Decred launching their own DEX soon, as well as Stakenet and a few others out there. Once you'll NO LONGER be able to trade without submitting all your info, then let's see what happens to the volume of DEX's. I don't think you have any idea of how many people who actually deals with cryptocurrencies BECAUSE of privacy, don't need to look no further than the Monero and Dash communities. Right now, you can trade up to 2 BTC's worth on Binance without submitting KYC details, but if they change that overnight like Bittrex and a ton of other exchanges, you'll for SURE see more action on the DEX's. The idea is NOT to invest in DEX projects when they're successful, but BEFORE they reach that stage, as you could potentially strike GOLD doing so. Owning a Blocknet node could provide you with TONS of trading fees 3-5 years from now, all you need to do is look at the bigger picture. With that mind, Blocknet is way more than "just" a DEX. They're building their own decentralized Oracle services, and improved Infura solution, which will benefit blockchain developers, which will have an easy access to bridge between different blockchains using Blocknet's XRouter. |
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actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem
Not sure what you're trying to say here. The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node, it's completely different when you host a node on an already existent profitable masternode though, which also makes the whole thing decentralized  I actually have seen one or two posts in the pasts from someone sharing their lightning node income and it's actually not bad at all. Satoshis actually do stack up and if you've got a good node connected to a lot of channels, those micro fees add up over a day, over a month. Plus we're talking actual btc, which is a hundred times better compared to any masternode income. True, so you've got the best of both worlds here. You can profit from your lightning node PLUS your masternode as they will run on the same VPS server. As more and more dApps is being developed you'll be able to profit from 3-4, maybe even 10 different sources a few years from now. Traditional masternodes isn't assigned any real "jobs", they are just "sitting there" doing nothing. That's what I like about Stakenet. It's such an innovating way of thinking. |
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if i see from the picture you present, the difference is very clear. of course this is also a choice in my opinion.but that must be taken into account about the costs generated after making a transaction. whether the costs will be expensive or just the same
The Lightning Network can lower transaction costs by up to 90%+, which is a HUGE advantage. It also makes transactions near instant, as transactions happens off-chain - meaning you don't need to wait for blockchain confirmations. |
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Binance is one of the true exchange leader. I think dex can be good with that depends on their style and marketing. Dex has a power of uncontrollable mechanism and structure if someone can utilize that at its best then maybe they can compete with other exchange coins. See the IDEX token one of the ebst dex coin ever launched. They are fairly compete with their rival even on centralized exchanges. There are too many dexes that are good such as bancor network and kybet network that have potential to increase more in the future.
Binance isn't running a real DEX. Their "DEX" is centralized. All the nodes verifying transactions on their "DEX" is owned and ran by Binance themselves, which means it's NOT decentralized. IDEX wasn't decentralized either, otherwise they wouldn't be opted to ask for KYC in the end. A real DEX is not owned by any single indiviual, as it becomes centralized like that. |
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I use Blocknet's DEX pretty successfully. Can totally recommend it, as they support a wide variety of trading pairs. NO KYC/AML needed, in fact you don't even need to create an account to get started. Just launch the DEX, and trade. Here is their DEX website: https://blockdx.com/ |
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No, I don't use a trading bot, as I believe we as human can do better than a "bot". I've been trading for years, crypto and stocks. Today I prefer crypto much more due to it's volatilty, making it easier to pull a profit short term.
I've started trading on DEX's as of lately, as I'm worried about all my trading history being reported to who knows in my country. Been playing around with DEX's which relies on atomic swaps, and it works alright. Sure liquidity isn't too high, but I'm trading 20+ pairs at once so it's no biggie. Been doing some successful trades recently on the Blocknet DEX, which I totally recommend for anyone looking for a decentralized alternative.
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TL;DR.
But after looking at the bolded part, okay, I see that you're with Blocknet as it's the DEX that you're talking with millions of volume. I've seen that they have a token and this DEX has really required an installation? Educate me, anyone.
Blocknet is just an example. There are other projects out there as well. Bisq, Komodo, Nash and the list goes on and on. Now that you have mentioned those, I'm pretty much aware of them. Well anyway, why you seem to be against Binance DEX? I know they're not completely dex as per Chaopeng mentioned it on somewhere probably on his twitter post. I'm against it, because it's NOT a DEX. End of story. They are using the word "decentralized" as a buzz word for marketing, when in reality it's a very centralized exchange. Binance tried to rip off the Blocknet team back in early 2018 when they tried to apply for a Binance listing. They where asked DEX related things, which was SO out of the way that you could easily tell that Binance wanted to know how to setup their own "DEX" protocol. It's all explained right here: https://www.youtube.com/watch?v=JSCAelH_iukBinance is nothing but a hype train, with stupid sheeps following them blindly. Sure their exchange is decent, but CZ cares about NOTHING but money and power. |
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TL;DR.
But after looking at the bolded part, okay, I see that you're with Blocknet as it's the DEX that you're talking with millions of volume. I've seen that they have a token and this DEX has really required an installation? Educate me, anyone.
Blocknet is just an example. There are other projects out there as well. Bisq, Komodo, Nash and the list goes on and on. |
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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!  |
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Remember the hype around Kucoin and Coss? Back i 2017 we saw these 2 projects perform amazingly well due to the promise that you could take share in the revenue from the exchanges as a token holder. Pretty decent idea right? Well, guess what. With more and more regulation coming, it will most likely soon be IMPOSSIBLE to trade, let alone open an account on any exchanges without undergoing KYC/AML first, which exposes your identity. Something A LOT of people don't like that much, as it completely removes the point of crypto to begin with. DEX's is trustless. You don't need to trust a DEX, as you hold your own private keys at all times. You don't need to sign up, you don't need to provide any personal details, and you're never at risk of getting hacked and losing your funds. Now, remember in the good old days, when we saw the gold rush in America. You know WHO made the most money? The guy digging for gold, or the guy selling the shovels? Take a guess.... So through DEX's you'll be able to profit off of the trading fee's IF you run a node on the network. There are several DEX's projects out there who allow this, but Blocknet is probably the most well known DEX out there. To run a node on Blocknet you need 5000 BLOCK as collateral to host a service node. If we see any decent volume on DEX's you could potentially strike GOLD running a node, as you'd take home a fee on every trade happening on the DEX through your node. I've seen so many decent projects being mentioned, but nobody ever seems to speculate on the future of DEX's and how much volume we could potentially see on these. Makes me sick to see people mention the "Binance DEX" as being a trust worthy DEX, when it's NOT a DEX in the first place!  What are you guys thoughts here? |
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Matic is a decent hold, and I believe 5x is a good conservative estimation for potential ROI by the end of the year if the BTC halving goes as planed. I typically look at demand, marketcap, future use cases, roadmap, team etc. to determine whether a project is worth my time and my money. I deal with 15 projects at once, based on heavy research, and have seen low cap coins yield amazingly impressive returns. Recently did an 11x on ALQO. Bought at 50 sats, sold at 700+. Next project I'm speculating to do well is Stakenet, as they're soon ready with the first Lightning Network compatible DEX in the world, which is pretty revolutionary since it makes it possible to trade instantly from BTC => LTC or vice versa over the Lightning Network, allowing arbitrage bots to run like on traditional exchanges, which will boost liquidity through the roof. Not only that, but they'll implement a "DEX Aggregator" which will merge DEX order books through API's to provide even more liquidity, benefitting ALL DEX's out there.  This one could easily do a 20x based on it's low marketcap, could perform way better actually, we'll have to see. |
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Any timeline on the DEX release? I know it's pretty hard to say, as things needs to be tested and bugs fixed, but I really want to see this beast released so I can get started trading! You can join in on the beta testing if you want to try it out You can make trades on the DEX already, in fact I believe we're getting close to an actual release, wont take long! |
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This is not a 10x, but much more a 50x if it takes off. Not even kidding.... 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. 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. 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 |
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Base on the image provided it says that bitcoin transactions are expensive/high fees.
But if you are using electrum wallet, you can pay as low as 1 sat per transaction which can be confirmed within the next blocks. So, how can you say that it's a high fee if you're only paying for 1 sat. You can increase it if you want a little quicker.
As nice as that may be, people need Bitcoin transactions to be fast and cheap. XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems so people can buy actually buy coffee with Bitcoin and have it be as easy as paying with cash. you did spoke my mind concerning the bitcoin speed of transactions. Just as we beckon on adoption. If the 8 billion people on earth massively adopt bitcoin, will btw still remain the primary mode of transactions in the digital sphere due to it slow network? We all saw what happened to ethereum at its peak some months ago The way Stakenet uses the Lightning Network will benefit everyone involved with their dApps. It's pretty cool, and I believe it will scale absolutely perfect with technically "unlimited transactions/second" |
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Seen a lot of people argue that DEX's are bad for 2 obvious reasons:
1) Speed of trading
2) Liquidity/volume
Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.
It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges. Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges. Liquidity is solved with Stakenet's "DEX Aggregator" which combines multiple DEX order books from other DEX's together in ONE. This means they'll be accessiable through their API, meaning TONS of liquidity will be available here, benefitting all DEX's around us today, since you could trade with someone from the BISQ DEX without even knowing it, makes sense? These guys thought of everything... Literally. Yes, Its true that Stakenet would add the Dex aggregator feature sometime in the future (according to the stakenet roadmap). While I'm aware of this, I didn't consider it in my reply as it's still an upcoming feature in the roadmap and we can't say if it'll solve the problem of liquidity and volume that the status quo DEXs are currently experiencing. Uniswap and Kyber partnered together in 2019 to pool liquidity. Until then, I'd be keeping an eye on stakeNet's roadmap for DEXs aggregator release. I honestly don't even worry so much about the Aggregator implementation, since it seems like an "easy" thing to do, since it's based on API's and not so much custom coding, but who do I know, lol.. I'm not a coder |
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That is awesome guys! Finally a top tech product that will be used by some many users in the years will come. The lighting swap is working like it was design too and I'm sure that in the official launch we will have more pairs that will attract traders who want to make fast swaps.
I'm pretty excited about the Raiden upgrade, which will allow ETH and it's tokens on the platform. The Ethereum network is HUGE, and thus demand is crazy high for these tokens. |
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Pretty damn cool. When exactly is this DEX planned for release, and where do I get to try it out? It looks amazingly sick from the screenshots I've seen shared so far. From what I could read they've integrated trading view as well? That's pretty damn useful, since I'm a day trader.
You need to join their Discord server, and ask for an invite to their private testing group. Not sure if they take anymore new members right now though. No real ETA is established, but a safe prediction is around a month, as I don't see much bugs reported anymore, seems to work smoothly at this point. Forgot all about this thread. Well, thanks I'll try to reach out and hopefully will be allowed to test this beast. It looks sick! |
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I'm sure masternode owners hosting DEX's in the future will make an absolute KILLING. Don't be the fool looking for gold (investors), be the guy selling the shovels (run nodes). I am hoping for this and to be perfectly honest,,, I do not mind one single bit to give 500 satoshis all the time to one individual who has to host a node and channel, rather than pay thousands PER transaction to a company's wallet. If I had resources, I would run nodes! I feel the same way. This way the fees are shared amongst those who setup the servers and host them to benefit the network. I love this decentralized way of thinking, and believe that nodes on this network will be very profitable long term. We'll see though! |
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I am not against KYC but KYC is against the purpose of crypto. In Bitcoin whitepaper shows the purpose of it, transaction without information about parties, and without hand of banks. Everything is incognito. It seems that we're going backwards when accept KYC when joining crypto.
This is exactly why we need DEX's. Being able to trade peer 2 peer without trusting nobody is how crypto SHOULD be. I'm personally using the Blocknet DX Exchange, also hold the coin itself as I predict demand to increase for these DEX coins long term |
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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....
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