[ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin

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Exclusive Q&A with Stakenet Team
Stakenet aims to build an interchain economy by linking blockchains together through our Masternode network. This will create a platform which allows users to easily access whatever they are looking for and also for developers to take advantage of our unique technology.  https://medium.com/@anbessa100/exclusive-q-a-with-stakenet-team-5a91f0066f33

their upcoming Stakenet DX, from which you can trade with their Lightning Swaps (LN speeds), and later on perform cold exchanges from hardware devices. Run solely by Masternodes. What XSN is building are going to make a big impact on the industry.

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[cryptoronic]

What are your plans to get initial liquidity on the DEX? Also is there already some sort of fee model what masternode owners could expect to earn?

[bwang22]

What are your plans to get initial liquidity on the DEX? Also is there already some sort of fee model what masternode owners could expect to earn?

The initial liquidity will be provided via Masternode Collaterals. The masternodes will be incentized required to create lightning channels with each other and moreover to end user.

How this works is the Masternode collaterals would need to be decreased and must be held in an even number in an address marked as a masternode collateral lightning channel address. Further details are underwraps and will be revealed closer to release date.

There will be a fee model for masternodes. Masternodes will earn masternode rewards in addition to fees. Fees for DEX would come in the form of watch tower services, which is pay per contract/trade. Pay per transaction via lightning for routing and light wallet functionalities. Basically any type of resource intensive work done by masternode network would require fees. These fees will go to the relevant masternodes as fee rewards in addition to the masternode collaterals.

Stakenet is building out its masternode ecosystem, and dApps will soon be built on it.

[hermesesus]

PickACrypto.com has published today their Research & Analysis (review) on Stakenet:
https://www.pickacrypto.com/coins/stakenet-xsn-review/

It is a good review of Stakenet.
I would just add that Lightning Swaps (Swaps over Lightning Network) are functional on mainnet.
Public can test this feature by following the LTC/XSN lightning swap guide published two weeks ago: https://medium.com/stakenet/dex-lightning-swap-guide-stakenet-mainchain-cf12760a46f8
This stage of development is very important because it is the first phase of the Decentralized Exchange (Stakenet dx).

[falce]

xsn gets pretty close to damnation in the last few weeks.
the coindevelopment is either private again, or pretty slow, github activity rather low. Items, which have been promised for months/since the swap like unlock for staking only, ledger integration, a lightwallet, have been pushed further and further behind.
epos/hardware thingy costs treasury doesn't provide any info after more than a month of testing, must be a great product...
stakenet.io is a plain staking wallet for a handful of coins.

so compared to previous posts by me:

epos/hardwarethingy still the same
site still the same
but now even the coin doesn't show progress anymore (hoping it's because private git)

for all the conspiracy theorists in xsn: ever considered, that devs (no way around it) and secret whales channel (not shady at all to offer something like that within the xsn-teamcontrolled discord) know things first, and might just not release anything, because they wanna accumulate before the next pump?

[Delphinus]

I do hope we get Ledger support back again at some point...

[darkota]

Team Interview with Anbessa



Eight months have passed since Stakenet launched in March. Could you please introduce the project and any notable developments from the past eight months. https://medium.com/stakenet/team-interview-with-anbessa-25ee89c8fc77

[Rangestar1]

New article released by Stakenet today as just posted on Twitter: 'Multi-Currency Wallet and Lightning Swaps - Stakenet $XSN Solution’. Read the full article to learn more about our upcoming wallet, Lightning Swap technology and Stakenet dx: https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105

[HelgaJ]

Your idea is very interesting. But at the moment, the cryptocurrency market is going down and most people are losing interest in crypto. I think this will have a very negative effect on your coin.

[hermesesus]

Nik Patel has released his Coin Report about Stakenet.
You can read the review here: https://www.altcointradershandbook.com/coin-report-stakenet/

[Delphinus]

Nik Patel has released his Coin Report about Stakenet.
You can read the review here: https://www.altcointradershandbook.com/coin-report-stakenet/

Really thorough review with some excellent points.

TLDR:
"My final grading for Stakenet is a strong 4 out of 5. It would be so easy for me to award it a 5, but there are lots of areas where improvement is necessary for a perfect score, despite the overwhelming strength in social media presence and innovation, in particular."

[Yankeeruinx]

MNaaS public testing has begun ahead of full release:

We are giving you the chance to privately test $XSN Masternodes-as-a-Service (MNaaS) on http://cloud.stakenet.io  before we go live! Join our Discord and ask in our general channel to try the service 

Discord - https://discord.gg/cyF5yCA

Source - https://twitter.com/XSNofficial/status/1066817327600230400

[TOM47]

Stakenet (XSN) - Masternodes-as-a-Service (MNaaS) Setup Walkthrough
In this video we will be walking you through the latest addition to the Stakenet Cloud, Masternodes-as-a-Service.

https://www.youtube.com/watch?v=x9_YdU8vWrU

[bwang22]

Your idea is very interesting. But at the moment, the cryptocurrency market is going down and most people are losing interest in crypto. I think this will have a very negative effect on your coin.

Im think this is true to a certain extent. I would say negatively but I also think its easier to cut through the bullshit when coins are dying left and right while Stakenet is making progress in its roadmap and releasing new products and features.

Masternode as a service is a huge service and hopefully the Stakenet Cloud can capture a huge marketplace with this offering. 15c a day is really cheap, you basically can't get cheaper than that even if you host yourself. Eventually this offering will expand into other coins and people will come to know Stakenet through the Cloud services. Then they can understand Stakenet specific technologies and benefits and become part of the community via investing or just using XSN for services.

[falce]

seems like xsn is about to do another p&d with the help of twitter
will be interesting if xsn will still exist after the christmas dump, when they will finally admit, that their "development" lead to nothing, and if it will be necessary to swap to get some new additions, which are simlpy copied off other gits.

[TOM47]

Masternodes-as-a-Service — The Stakenet Way

Many people believe only traders, who analyze and time the market correctly, are the ones that make money in the crypto world. Well, this may be true though not completely, as the crypto world does offer a lot of other opportunities, apart from investing, where individuals and teams can make a good amount of money. One such way is by running a masternode.

https://medium.com/stakenet/masternodes-as-a-service-the-stakenet-way-bd7c8e8bd3bd

[maximumcoin]

Masternodes-as-a-Service — The Stakenet Way

Many people believe only traders, who analyze and time the market correctly, are the ones that make money in the crypto world. Well, this may be true though not completely, as the crypto world does offer a lot of other opportunities, apart from investing, where individuals and teams can make a good amount of money. One such way is by running a masternode.

https://medium.com/stakenet/masternodes-as-a-service-the-stakenet-way-bd7c8e8bd3bd

Based on the information presented in the Medium's article, the Stakenet platform has expanded very good recent months.
In a word, I think that the Stakenet team have built up and kept upgrading very good platform for masternode enthusiasts.

[chickenfacts]

Masternodes-as-a-Service — The Stakenet Way

Many people believe only traders, who analyze and time the market correctly, are the ones that make money in the crypto world. Well, this may be true though not completely, as the crypto world does offer a lot of other opportunities, apart from investing, where individuals and teams can make a good amount of money. One such way is by running a masternode.

https://medium.com/stakenet/masternodes-as-a-service-the-stakenet-way-bd7c8e8bd3bd

Stakenet platform give masternode enthusiasts one of the best quality masternode and staking hosting services.
I felt extremely happy during my time using their services over the last four months.

[Lucasgabd]

amazing to see $XSN development.

will shared masternodes be available?
can you disclose already some of the other projects you plan to list?

any estimated date for DECRED staking listing on the website?

[falce]

amazing to see $XSN development.

will shared masternodes be available?
can you disclose already some of the other projects you plan to list?

any estimated date for DECRED staking listing on the website?

shared masternodes got canned by the team

for everything else nowadays at least 2 quarters after their non binding fomo roadmap projects

and for fucks sake, it is not fud if it is true