These wallstreet guys doesn't give a shit about decentralization, so it really doesn't matter. The public needs to wake up, and they will eventually. Which will put a TON of pressure on DEX's worldwide as they'll be used as money transmitters by people not wanting to expose their identity. There are many reasons for this, doesn't have to be illegal stuff.

You cannot compare an apple with an orange.

IDEX And the Binance "DEX" is NOT a DEX. Not a real one to be exact. Why?

IDEX enforced KYC - KYC = Not a real DEX.

The Binance DEX and it's nodes is ran and operated by Binances themselves, which makes it centralized

Blocknet's nodes is owned by the investors in the project. There are more than 200 nodes online, which can handle all the transactions on the network itself. These nodes will earn on the trading fees associacted while people trade, the same cannot be said about either IDEX or Binance.

See the difference?  

In other words, you can profit passively off Blocknet's DEX trading fees, including their upcoming oracle network and Infura solution which will beat Ethereums by a long shot.

Reputation is key, I get it, so is volume on the DEX itself. Volume will without a doubt increase as Blocknet is soon releasing their Litewallet, which will have their DEX integrated, so you don't have to download any blockchains in order to trade. Convenience is key.

True.. Most people in crypto are way too short sighted though.

Nobody believed in Bitcoin when it first launched, except a few clever people (The winklevoss twins is a good example).

Nobody seem to believe that DEX's will ever take off, considering that:

They are 100% trustless
NO KYC/AML
Will NEVER go down
Cannot be shut down, even by authorities
No GEO-Blocking

And the list goes on, and on. DEX's can be SO powerful, and will be which is why Binance decided to make their own. They KNOW DEX's is the future, and only made their own to beat the competition short term.

Taking a position in a few DEX's this early on and being able to profit from them, might be the wisest thing anyone can do at this point, but who knows, lol.

True, the top 10 alt's has been dominating the market, but we've seen small cap projects lately out performing the bigger projects by a long shot as of recently, which is showing signs of a new bull run.
If and when BTC breaks it's former ATH, we'll see massive moves in the markets again, pushing altcoins through the roof, with only the strongest ones surviving - Blocknet will surely be one of them based on tech and market fundamentals.

Blocknet might hit $100 some day, but it needs a serious altcoin boost in the market, which means a lot of other projects will likely follow the same path. We'll see plenty of 100x scenarios in the future, because the overall cryptomarket (if you remove BTC) is tiny compared with stocks.

Blocknet as mentioned by the OP is a good one despite the volume. Their Litewallet is ready real soon, which will be a game changer and make the whole DEX experience much more convenient for everyone. The whole community behind Blocknet seems to be excited about this.

There are tons of DEX's out there, but do your own research, as some of them isn't truly decentralized. Nash is one of them, which enforces KYC and GEO-blocks users. Binance DEX is another one, which isn't truly decentralized either, as all the nodes verifying transactions on their network is owned and controlled by Binance themselves.

There's a ton of demand for this. It's pretty similar to Chainlink, but without enforced KYC on people running nodes, which puts Blocknet on top in terms of decentralization actually.
As much as Chainlink is leading the race right now, they'll get a LOT of competition in the future. The fact that 67% of the initial supply is owned by 1 entity in the Cayman Island kind of worries me.

DEX's saw volume above $210 million just last week, so low demand? I don't think so buddy. 

And you know what? Volume is increasing as DEX's becomes easier and easier to navigate. Look around you, and see all the discussions about decentralization, everyone wants it. The only complaints I've seen in regards to DEX's is low liquidity, but hey.. You gotta start somewhere. I believe you'll be surprised in a few years, when MILLIONS of people starts trading on these DEX's and you probably lost the opportunity of a life time to take parts in those fees associated with DEX's.

That's why investing in projects like Blocknet is a clever idea as of right now. It's a literal goldmine, right in front of you.

I believe you completely miss the point of Stakenet.

Stakenet is not here to replace BTC, but rather enhance it's usage. There's a big difference. Anyone bullish on BTC, should be bullish on XSN as well. 

I've seen very little usage of the Lightning Network thus far as it's really complicated for the average Joe to use right now. Stakenet changes that, and makes the Lightning Network easily accessible with masternodes handling all the technical aspects of it.

A few exchanges have implemented it, including a few online stores I've come across as well. Adoption of new tech takes time 

You forgot the MOST important aspect of any DEX - SECURITY. When using Binance or ANY other CEX, you're essentially TRUSTING them with YOUR funds. As soon as you send the funds over to their exchange, you are no longer the true owner. If Binance gets hacked, and can't pay the damages, you'll everything over night. I'm NOT risking that, as I play around with a huge amount of money (Been in crypto since 2013).

Not Your Keys - Not Your Crypto


IDEX was CENTRALIZED from the very start, which is why they where forced to implement KYC on their users. If you start a "DEX" and remain the owner, you're eligible to comply with national laws. A REAL DEX isn't owned or controlled by anyone, hence why it's decentralized

In Blocknet's case, the DEX itself is ran by masternodes, and NOT the team itself.

¨

It wont take long. If you want you can join the Stakenet Discord channel and help on testing it. From what I've seen they are fixing the lasts few bugs, and is about to get ready for trading bot implementations etc, which is something that wouldn't work on traditional DEX's as Atomic Swaps is way too slow for bots to work properply.

HOW can it be "trustless" if Binance can STOP the exchange? If they can STOP your withdrawl? If they can BAN YOUR ASS?

That's not how a TRUSTLESS exchange works buddy. Do some research on this topic, and you'll be surprised.

The Binance "DEX" is NOT a DEX... Jesus!!

I HATE people who believe Binance is running a real DEX, when it's NOT a DEX by any means! All the nodes verfiying the transactions on the network is ran and owned by Binance themselves, that's NOT decentralized at all!

Have you taken a look at Blocknet? They offer TONS of pairs.

More info here: https://blockdx.com/

Stakenet is a project that I've been following, and while their Github activities has been impressive, you need to consider that the majority of their submissions is kept in private repos, meaning you only see the "tip of the iceberg with this one". I'm sure it isn't the only project doing this, to protect themselves against "thieves" claiming the work to be their own, without giving credit.

Stakenet is probably the most ambitious project I know off, as they are doing things never seen before.

First project to implement their own cold staking solution on mainnet
First project to build a multi currency wallet with Lightning Network support, and their own DEX which supports Lightning as well, meaning you can trade instantly from for example: BTC => LTC, or vice versa.

XSN plans to run their own oracle network, build their own hardware wallet, solve DEX liquiditty through API implementation on their DEX, meaning they can benefit from other DEX order books and vice versa, which will add tons of liquidity for traders to take advantange off.

In theory it's a very low fee compared to what you'd have paid on the BTC network. HOWEVER, you could move the same amount of money on the BTC chain for a FRACTION of that price in fee's over the Lightning Network.

The Lightning Network quickly becomes very centralized as the incentive to run a node is non-existent on the BTC chain itself, as the fee's collected by the node owner is very low.
- That's where Stakenet comes in, they're implementing an eco-system of masternodes, who's gonna run masternodes with Lightning Network nodes on top, which allows cross chain off-chain transactions on a peer 2 peer layer, or in simple words - Through their DEX.

This means, you can trade instantly on their Lighting Network compatible DEX, which is an integrated part of their Multi Currency Wallet, which also has Lightning Swaps integrated.

The fees you guys THINK is "low" is really not that low, as transactions on the Lightning Network goes as low as 1 satoshi / transaction.

Do your own research on Stakenet, seriously.

Bitcoin and Ethereum is the safest options, but NOT the most profitable choices by any means. I made an 11x on ALQO as of lately, bought in at around 50 sats, trading at 800+ now. It was a pretty easy buy, considering they are launching their own exchange.

Research is KEY if you want to make BIG money in this space. Look around you, look at what's happening, and try to predict the future. Here's a hint:

Regulation is getting tightened, exchanges without KYC is VERY limited, everyone talks about decentralized solutions, such as DEX's DEFI, and dApps.

There's NO question that DEX's is a HUGE thing coming to us traders who wants to remain anonymous. Shapeshift went KYC, so there is basically no way soon to trade without exposing your ass and all your privacy which is WHY DEX's will do so amazingly well in the near future.

Look at projects like Blocknet, who was the FIRST project to launch a fully decentralized exchange, allowing people to trade on a peer 2 peer platform, with NO middleman inbetween. Blocknet was founded in 2014, and is way more than just a DEX.

With 1/3 the total supply of BTC, and while trading below $1 per coin, you just know this one is gonna do amazingly well in terms of ROI in the near future.

As always, do your own research!

The Binance "DEX" is completely centralized, hence why it's not a REAL DEX at all. All the nodes verifying the transactions on this "DEX" is owned and controlled by Binance themselves, so don't trust it if you want to trade on a decentralized platform.

Blocknet is probably your best bet. It's completely decentralized. Read more here: https://blockdx.com/

Been trading on the Blocknet DEX multiple times, and it's a really smooth experience once you get started. 

In late 2017 I tried to send $20 to a friend of mine, but had to pay a wooping $50 in fees to do so. BTC just doesn't scale properly, and NEEDS the Lightning Network to do so. Thinking otherwise is just being delusional at this point.

The Lightning Network isn't feasible to run straight on top of BTC, as the incentive to run a Lightning Node is pretty low. You have to keep in mind that the fees associated with trading via Lightning is incredibly low, meaning you wont earn much through Lightning nodes, hence why it easily becomes "centralized" straight on top of BTC.

Stakenet already has 2000 masternodes up and running, which could easily run Lightning Nodes on top of already profitting servers, it's a genius game plan when you think about it.