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Infura had an outage yesterday, everyone panicked when they saw their holdings shown as 0
Pretty good timing for Blocknet to finish up their own decentralized infura solution!
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Gained 27% today. Not bad   |
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Blocknet is not only a DEX. It`s a platform that connects all blockchains to each other. It will have a vast utility. Blocknet is one of the best projects in the blockchain industry.
According to third-party analytical resources, Blocknet has a very high profitability, almost at the level of 2,150%. in almost a year from July 2017 to July 2018, the Block token peaked at $ 57 and immediately began to fall with the entire cryptocurrency market. Today Block has only $ 1.90, but analysts consider the project to be quite promising and deserve the attention of investors. Sounds good, got any source on that? Not that I believe you're wrong about that, I too believe that Blocknet will return to its previous ATH, and perhaps even higher!  |
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I have seen it not just a few weeks ago but around months that the volume was low. So if stakenet has increased in volume, this only means that all the marketing that the team is doing is working.
I guess I have another exchange to try and hope that I'll be having a smooth transaction on it.
The more stable and smoothly the DEX can handle liquidity at $18k volume/day, the more it will do so at $100k or $1mm imo. My first and foremost hope for this DEX is that it will be the fastest, cheapest, free-est, most secure way to hold funds and swap into other assets. We want a world-class DEX. I feel the same way. The idea is among the greatest I've seen, and the profits are endless in terms of nodes taking profits on the daily DEX volume. |
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I haven't used it myself but I have heard great things about stakenet so far, they are really improving the way things work right now and if they can achieve (which they look like they are) this is going to change a lot of stuff from current state and everyone will try to copy that. Which is their problem, they lack marketing because they are doing something for the first time and they are the creators and owners of this right now, but when they succeed everyone will do the same and will make sure they get more exposure and investment.
You think uniswap is the first ever dex? It is certainly not, but they were the ones that did amazing marketing and they got famous while first ones are long forgotten. This is why I believe it is highly important that stake does marketing better.
Stakenet is holding back marketing until they've got a fully functional DEX, with at LEAST BTC + ETH functioning 100%. Marketing a buggy DEX isn't the best decision IMO. I do believe that this DEX will be used by millions of people in the future though, which is why I'm trying to get as much masternodes as possible before it happens! |
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This project I got it wrong from the beginning and it painful after I understand better the tech. There are many scaling solutions on Ethereum now but Stakenet is one of those hat stand out for me, all they need is one successful Dapp on Stakenet then that would be the beginning of greater things to come
Instant BTC and ETH transactions is being stress tested using Stakenet's DEX platform, with little to no problems. More than 100k in volume over the past week, which is pretty impressive. Please tell me what scaling solutions for Ethereum you like? The Raiden Network (similar to the Lightning Network) is what is being used on Stakenet's DEX platform, which seems to work pretty smoothly so far! |
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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.
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.
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. |
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Sad to see Blocknet hit such low levels. There was someone who hacked a lot of Blocknet recently, which I guess he dumped at Bittrex.
I'm definitely buying some, as I predict a 2x - 3x short term is very easy to reach, due to it's scarce supply.
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Blocknet is a nice project which is massively undervalued since they don't do it like everyone else. They don't use all their resoruces on marketing, but rather on straight up developments, which is nice for a change. Blocknet is not just a DEX as believed by the vast majority of people, it's also a project working on a decentralized oracle network, which is much more complex and doesn't compromise decentralization. It's sybil resistant - Doesn't enforce KYC on it's nodes, like we've seen with Chainlinks setup. Overall the upside potential on Block is massive. It's only a matter of time before they get recognized for their tech.  |
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do you use a VPN when doing so? I'd love to know!
Unless the decentralized exchange that you're using is just pretending to be really decentralized you should not need to change your IP and that's only the case with some centralized exchanges if you are located in restricted countries. What's the best DEX for trading out there?
I would suggest you to use Uniswap and it only supports ETH as you mentioned but that's the case for all of them and if you want to trade tokens based on other blockchains then you should use another DEX, for example for trading BNB blockchain based tokens you should use Binance DEX but most of the trading volume and liquidity is on Ethereum so I'd suggest you to stick to Uniswap. The "Binance DEX" isn't a DEX, sorry to burst your bubble. All the nodes controlling this so called "DEX" is owned and controlled by Binance themselves. Binance tried to steal Blocknet's source code, when Blocknet applied for a Binance listing. Blocknet is by far the "best" DEX when it comes to hard assets like BTC, LTC, etc. It's not based on ETH, doesn't rely on other blockchains.. Blocknet is much more than just a DEX though, but I wont go into more details than that, you guys gotta do your own research. |
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It's been in open beta for less than 11 weeks and it already went from doing a few hundred in volume to 5 figures in USD. The Simple Swap UI ('SSUI' for short) is looking great and increasingly more stable. All one must do is: 1.) Open Stakenet Wallet 2.) Deposit BTC 3.) Click the 'Swap tab' 4.) Choose the coin of their choice (LTC/XSN/ETH-ERC coming soon) 5.) Execute the swap. It automatically moves your Bitcoin to a LN channel, executes a Lightning atomic swap into the coin of your choice, then closes out the channel. Completely non-custodial! No 3rd party will ever have ownership in any way of your funds. They are yours and yours to swap. The key here is "convenience". Anyone will be able to understand how it works, It's gonna be Uniswap on steriods, as transactions is instant, and very low on fees, which is why so many people are complaining about the platform all the time. More and more volume is shifting towards decentralized exchanges, so there is TONS of liquidity available in the future. |
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This project got a nice push, took some profits and buying back in. 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. |
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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. Stakenet is working with 2 second layer protocols - The Lightning Network, and The Raiden Network. Both of these protocols makes BTC and ETH transactions instantaneous Here's what they've achievved thus far: 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 - Investors as well as consumers. 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
Trade Through Binance, Bittrex, Kraken and many other exchanges WITHOUT ever logging in to any of these exchanges. - This is done through liquidity providers who runs trading API's anyone can tap into and use for their own, as well as the liquidity providers benefit. The whole eco-system is ran by masternodes, who will do the dirty work (routing transactions back and forth over the Lightning Network + The Raiden Network), this means that Lightning + Raiden 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 which demonstrates how the DEX actually works: https://www.youtube.com/watch?v=wSNFhFBKmsc |
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XSN Core Update | NOV 1 2020 -Currently, the group has been private beta testing and assisting with our Simple Swap UI feature, ensuring the integrity of channel logic, finding optimal configurations and user flow. -DEX bot operators have commenced stress tests Our bot operators have begun stress testing the DEX, initial tests run approx 2–3k trades/ day with volume at $10k+ which we are pleased to announce come with little to no errors. -ETH support in the light wallet is nearly ready, devs have setup the backend, prepared the API and will soon deploy to our private beta group for testing -Adding ETH to the DEX via L2 Our developers focus has been on the integration of ETH private key functionality and L2 client channel states. Full information: https://medium.com/stakenet/xsn-core-update-nov-1-2020-b6f648d5bdcddamn, this news bring a lot of demands to stakenet, and it make the price flying now and i miss it, hopefully the price will continue growing, because seems a lot of great things coming to stakenet in the near tine  Don't check the price on Coinmarketcap, as they are completely unreliable. Use Coingecko or any portfolio app on your phone. XSN will fly way above $1 as soon as ETH is integrated, I'm sure. |
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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.  |
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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. I hope XMR is still in play. XMR will come in play as soon as they integrate atomic swaps to their mainnet. |
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A lot of potentials?? Why you say that?? I don't see a lot of potential for this coin. XSN for me is just altcoin like other altcoins, nothing special And if you look at the market, you will know this coin is not quite good. If the team can prove that it can be listed on binance, Yes i agree with you that this is potential You've got absolutely no clue. You haven't taken a MINUTE to research this project, which believe it or not can be used to trade on ALL exchanges in the WORLD without needing: KYC Login Trusting a third party This means you can trade through Binance using a liquidity provider, you can arbitrage using trading bots and turn a profit instantly. XSN is FAR from just "another altcoin", you'll learn soon enough. |
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Do you know what the time frame is on that? Ethereum integration would be huge I imagine. Tons of projects depends on the ETH chain, so a LOT of volume could go this way whenever they get to it. Instant ETH trading sounds like a dream come true, pretty sick of the long transaction times, haha.
0.4.0.4 - New trading interface 0.4.0.5/6 - Raiden private key integration 2-3 builds away, and X9 is known for routinely putting out multiple builds in a week or even same day. Can't see it being very long. Agreed. They released watch towers out of the blue, something the community expected would take MONTHS to integrate. I don't know how they do it this fast, but I love it!  Yeah. It's all been progressing so fast that I almost forgot about that.  Watchtowers were one of those things I was expecting mid-2021 or later. It's good they were ahead on that one too. Proper watchtowers are instrumental in building the usability of a DEX. Being able to keep the wallet closed while buy orders are in is a nice luxury. True, awaiting the next dev build patiently at this point, the "simple" Lightning Swap feauture reminds me of how I used the Exodus Wallet back in the days, before KYC was implemented. |
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I was quite surprised to see Stakenet's performance this year, really beyond expectations. I agree that the Stakenet developer team is working
extraordinary that it can make Stakenets soar high enough, it is not impossible that the price of Stakenets can reach $ 1. I will continue to
observe projects Stakenet, because there are not many projects like this.
There's not a single project out there like this. Some seems to be similar, but they work on 1st layer transactions only (on-chain), while Stakenet is working on 2nd layer (off-chain). Off-chain transactions are capable of unlimited transactions/second which is why its SUCH a powerful thing to integrate, as it pretty much solves all our current scaling issues in a whim. ETH's scaling troubles caught me by surprise. I was not expecting $30 gas fees so suddenly. We'll see ETH gas fees above $100 eventually. Everyone is waiting for ETH 2.0 - I wonder when they'll be ready with it, seems to take forever, lol. I first bought ETH in April 2017. At the time, there was a decent amount of hype surrounding Casper and the switch to POS. 3 1/2 years later, still waiting. By this point, I figured Ethereum would have a staking ecosystem and pools. Maybe next year? It's crazy how long this has been dragged on, considering how HUGE of a project ETH is, meanwhile the X9 devs behind Stakenet is pumping out new updates every single month. Next year is probably a good guess, who knows, lol. |
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Are you sure isn't that fake news? How can I be sure that they will implement that UI design?
Go download and test the DEX on your own, and you'll see the UI looks like this. The "simple swap" feature as seen on the pic above is coming in the next build though. |
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