the criteria that I rely on are of course the volume and also the supply. for example binance, eterdelta and okex. and also the criterion especially with using KYC to be able to make transactions.
etherdelta is not having a lot of volumes and there is no correlation between supply and the credibility of the dex itself. Binance is not a dex but it's a centralized exchange site that used decentralized gimmick as a marketing trick. Okex is also a centralized exchange too and i can't even see what was the point from your post. Finally somebody who can point out Binance for running a scam. I'm using Blocknet's DEX, and I simply love it. First DEX on the market, and works like a charm. |
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Well, if you look at the recent DEX craze we've seen, I think it's a pretty safe option to invest your money in a good solid project working on a DEX. Why? Because most people HATE submitting KYC documents to all the exchanges they trade on. People seem to care more and more about privacy, which makes sense, since we're in crypto for a reason.
Blocknet predicted this issue years back, and started developing their DEX long ago as well. They've got the most advanced DEX on the market (4th generation). It's very affordable to grab a service node (5000 coins required), which allows you to run a masternode and collect DEX trading fees.
You can essentially cash in on the DEX hype of 2020 if you've got a service node, routing payments on their DEX. Blocknet is more than a DEX though, they've got a LOT more on the plate in terms of blockchain interoperability, which means you can build dApps on the network as well. Look into their Xrouter, Xcloud, and Xbridge if you want to read the technical aspects of the project.
This is one of the few projects that could return massive ROI long term, in terms of passive income.
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Buy crypto in person, then trade it for whatever you like on a DEX, and you'll be 100% anonymous. I'm personally using the Blocknet DEX, which doesn't need registration, KYC, or any other bullshit. I love it!  |
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In the future (Probably by next year) I'm assuming that thousands of people will move to a more private solution as for trading, like a DEX.
Any centralized exchange could be a victim of hackers, phising attacks and more. Furthermore the IRS will probably try to get their hands on peoples trading history, to collect their money.
I've been using the Blocknet DEX for small trades, and find it very easy to use. It's a shame nobody seems to pay attention to this project, its by far one of the best DEX's out there.
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I'm guessing when we get a wider adoption of crypto, and it goes mainstream, that these DEX's will truly take off. Even though we've had BTC for a decade now, it's still the early days of crypto from a technological standpoint. I think it's safe to say that once people realize they can escape paying taxing on their holdings by utilizing DEX's that more and more people will lean towards them, and actually use them! You don't need to "cash out" if you can buy whatever you need with your crypto anyway.  |
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As of late I've seen a lot on talk regarding Coinbase's $2 billion revenue on trading fees alone. I believe I stumpled upon this through Reddit a few days ago, not sure. Makes you wonder how much DEX's could make long term if you decide to participate in running one through a masternode? I looked into Blocknet the other day, and realized that if it ever gathers just 1% of Coinbase's trading volume, you could potentially make a living from running a masternode that collects DEX fee's whenever people trade. Reason why most people don't care about DEX's today, is that they are inconvenient to use, but as I said, long term, they will improve, hopefully making more people use them. Thoughts?  Even if that 1% sounds like achievable and tiny number, it represent a life changing amounts of money to any exchange, and it's going to require a huge amount of work because there are tons of exchanges, decentralized as well. Fighting over that 1% needs whole another level of exchange. Now i am not saying it won't happen, just that coinbase has started in 2012, that's like 2 generations in crypto time experience. It's pretty hard to get new people that are familiarized with custodial holdings to convince that they have to take a responsibility for their wallets from now on and change to dex. While that is completely true, and I agree that Coinbase is one of the major players, you gotta understand that crypto ISN'T "mainstream" like stocks and bonds just yet. Which means that there is MUCH more room growth, and reaching that 1% might actually not be that impossible, IF you look at the bigger picture here. |
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Altcoin season wont start before we reach next year, that's my prediction anyway. Bitcoin controls the market right now, and nobody wants to go into an altcoin right now, before a real bull market has been confirmed. Once it happens though, I'm sure we'll see a lot of greedy people wanting to get in on the market again. I predict DEX projects to be massive hits - We've seen more and more people actually caring about their privacy when trading. Pretty much sick of KYC forms, which makes no sense when you think about it. I'm personally accumulating Blocknet coins, because I'm betting my money on a passive income stream from DEX fee's later down the road |
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As of late I've seen a lot on talk regarding Coinbase's $2 billion revenue on trading fees alone. I believe I stumpled upon this through Reddit a few days ago, not sure. Makes you wonder how much DEX's could make long term if you decide to participate in running one through a masternode? I looked into Blocknet the other day, and realized that if it ever gathers just 1% of Coinbase's trading volume, you could potentially make a living from running a masternode that collects DEX fee's whenever people trade. Reason why most people don't care about DEX's today, is that they are inconvenient to use, but as I said, long term, they will improve, hopefully making more people use them. Thoughts? |
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Regardless that its one of the first batch of masternode but If the problem is about the demand of the coin then definitely the Blocknet team should work out that area. Another problem is if the team are out ideas and can’t hardly compete with the leading masternode coins.
Due to the bear market, they seem to focus on development rather than marketing, since marketing this point in time seems pretty useless. A LOT of projects is holding back on releases and news due to this fact. The demand for BLOCK will return as soon as more people get involved in crypto again, and by the time people start to wake up and actually USE DEX's, I'm sure Blocknet will be a huge market leader. Just my prediction though, feel free to disagree. |
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Funny reading this, as I'm currently loading up heavily on BLOCK, which is the market leader on DEX solutions.
No accounts, personal details, KYC, or any of that BS needed. Just trade peer 2 peer.
I'm sure people will wake up eventually, and use these DEX's instead of using those bad exchanges, that puts everyone at risk to exchange hacks and what not.
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Got my eyes on Blocknet as of late. Market leader on DEX solutions, and I'm sure we'll see more adoption of DEX's the coming years.
It's not my biggest hold right now, but I believe it could pull some nice gains if it gets the attention it deserves, due to its current marketcap
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Blocker is a project I have had my eyes on for a while now. I'm looking to dollar cost average in as the month goes by. The project is technically solid and Iooks very likely to pull a 100x when market rallies.
That's exactly what I thought as well. Just waiting for the Litewallet, which will make it way more user friendly for everyone involved. 100x is a stretch, but doable considering it's low marketcap right now |
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Wrong address buddy. Banano is not an ERC20 Token. Need your BAN address |
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i dont know.. this is very strange to me just like Komodo
if they have such a good tech why no one adopts it?
just like Komodo depricated their atomic swaps exchange and started to develop from the beginning
i think this projects want to look good but actually not so good
i still think you can make 10x with it maybe if insiders manipulate it again
The developments doesn't reflect in the price because of the bear market. There's TONS of projects who exit scammed, stopped developments because of lack of funds, etc. Blocknet has been in the game for a long time, and they're here to stay. Komodo has made incredible developments as well, but investors are too afraid of diversifying into ALTS right now. Once they do though, projects that seem promising is gonna fly again, I'm sure. |
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2k sat will be easy to reach, which is a 2x since no one is selling.
I predict 4k before the DEX launch, call it "wishful thinking" all you want, but these guys are building something no one has ever attempted before, and the test runs has been extremely promising to say the least
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I am a supporter of Stakenet project and I think in the end they will outcome every DEX we currently have on the markets. True , Komodo has 1-2 years ahead of Stakenet when it comes to oldness but if we compare the 2 roadmaps , stakenet could be years away in front of komodo once the roadmap is completed. Lighting Swaps DEX is a future that will attract a lot users to their dex so even Waves and Blocknet are gonna have competitive technology at some point this is why I gather all 3 of them besides Komodo.
Komodo runs on Atomic Swaps Stakenet on Lightning Big difference here is speed. Stakenet will be pretty much instant, (like a centralized exchange would be), and personally I believe that's what people wants. |
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Stakenet beats all of the DEX's mentioned here just in speed alone, since it will run on lightning. Which means instant trading. Do your own research. |
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I'd love to beta test, how do I participate in that? Simple! Head over to the official Stakenet Discord and ask if you can join the next round of testing in the chatroom.  Thanks I'll do that! Any ETA on final release? I don't think there's an ETA set in stone. We're all waiting on the dev update. Apparently it's going to be pretty big. Its going to be massive indeed! Also the devs are working a lot in the last months so I would personally hodl and buy more XSN as we almost doubled in price since 2 weeks ago which means someone knows something BIG about stakenet. Today we had a 16% increase in price and even the masternode is getting more profitable as it was about time for it to increase in rewards....too bad I didn't had time to buy another masternode as the current price is to expensive for me  . I'm sure the price will be above 1000 sat by next week or so. With all these developments coming to fruitation soon, I'm sure the price will reflect it very nicely. |
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I'd love to know more about this hardware device, since the info I can find is pretty limited still. I believe you could cold stake from this device as well, since it's Stakenet's own invention. |
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