If you could invest in a project with it's own hardware device, WOULD YOU?

[Flux0z]

We are all aware of Ledger, Trezor, and Xeeda. Cool hardware wallets, which thousands of people use daily.

These companies isn't funded by any ICO's, they don't even run any blockchain solutions, but again, why should they?
But the question still stands: If Ledger made their own "Ledger-Coin" would you invest in it? Why? Why not?

I'm asking because a project I'm a huge fan off is building their own hardware device, called: VIPER. This hardware device will compete with the 3 brands mentioned above, but this project does have it's own blockchain, and in fact, the hardware device is just a small part of the whole project.

I'm talking about Stakenet. Not sure how many of you are familiar with XSN, but it's THE leading Lightning Network developing project out there. In fact, they helped the Litecoin team implement Lightning on mainnet.

I really wonder why this project is SO under the radar, probably because of the bear market?

Not gonna shill the project too heavy here, as most people hate that, but IF you want to read more about it, I made another thread right here explaning it all (with pics): https://bitcointalk.org/index.php?topic=5167414

So the question still stands, would you invest in a hardware device project? Afterall every single day we hear the following: "There is no REAL product, the project is based on hype alone, not worth shit", which makes Stakenet stand out completely from the crowd it seems?

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[jossiel]

That's an interesting question, well if it is Ledger then I guess I might buy a few tokens from them.

But I don't think that they have that kind of idea right now. That should be the mentality of most manufacturers, they should focus on what they do and there's no need to confuse their users whether to make one coin of them and hardware wallet.

[HalfaZ]

If Viper is created to fill a void demand for such secure mechanisms of storing coins, then yes.

But if its storing only XSN, the value of the machine itself is derived on how valuable the coin its storing...

So its a chicken or the egg kind of situation where the product isn't necessarily providing the value, but the underlying asset within it.

Unless it proves to be of use to a niche/market that values these things, Viper will most likely only be bought by XSN die-hards.

Still looking forward for the DEX to come out tho. Hopefully it won't flop like BLOCK or KMD, or centrally secured by just the treasury.

[Altseasonmike]

Is it known what Coins would be supported?

And is it possible to Cold Stake Coins on that?

[dataispower]

Let me start by replying to a question asked on this post. If Ledger made their own coin, I will only invest if the use case of the coin is valid. I understand other parameters like good product, great team are already splendid. I've not really been following stakenet, but it's a good thing they are coming up with their own hardware wallet (VIPER) as mentioned here. Before investing in any coin, I will normally do proper due diligence notwithstanding the hype around the project.

[dunfida]

That's an interesting question, well if it is Ledger then I guess I might buy a few tokens from them.

But I don't think that they have that kind of idea right now. That should be the mentality of most manufacturers, they should focus on what they do and there's no need to confuse their users whether to make one coin of them and hardware wallet.

Its not really that necessary for those top ledger companies to crate their own tokens.It would just pile up all over the market together with those shit tokens currently.

Im aint saying that i dont have trust with that Viper thing but having their own coin or blockchain is pretty useless or not necessary at all.I would like to ask on what be the crucial usage of that coin if ever? If it doesnt have nothing to offer then its a useless idea.

[rdewilde]

There is something to always consider before investing in any project, as for me it is use case, if possible an already developed MVP. Now in the case of Ledger etc, if they should launch a coin, I will first take time to study it to know if it is worth it, I will buy if not I will let go. Now on this project you Introduced, first I will need to make my findings as this is the first am hearing about it, and as usual if I find it appealing and not driven by hype I will invest. But from the way you sound seems it will worth a try, if really they are the leading lightning network developers.

[negancoin]

Cryptocurrency doesn't work like the stock market works where the company's performance plays big role in increasing the share value, when it comes to investing in crypto projects, you need to guess where crypto market is heading during your investment period, otherwise your coin will decrease in value even if the business of that company is doing well. So the answer is No, I wouldn't invest in current situation.

[btc-facebook]

I have never been interested in investing in projects that develop hardware, but maybe prefer projects that have clear use cases and have large companies.
we have to know that most projects are famous for HYPE, and I know that most of them end badly,

[bitkanu]

If that was developing sense hardware to be used by crypto users and i will try to invest some of my money on it. but a lot of non sense projects have come with their non sense hardware.
I remember just like miracle tele and it has created their own sim card but it's useless caused by the project becomes a scam project.
Ledger can be trusted and so many investors will be investing their money on it.

[BITDV]

Interesting question. They have real products, real business and and capable team, i wondering why hardware producer not offering their cryptocurrency.

I ever saw and similar concept, there's coin (forgot coin name ) they launch ico without offering hardware device and got fund around 4 mIllion USD. After six month they collect another fund and made custom hardware wallet that support their coin and also major coin such as BTC, LTC, ETH, etc. They deliver hardware wallet, also have real platform and have many users. But now, i didn't see those coin in CMC again.

From those case, i prefer to invest only small fund since there's no warranty that business will success.

[libert19]

Depends, how does the token function, what benefits will it yield to the end user. If there is worthwhile utility investors will come.

[crwth]

I'm one of those people who use the hardware wallet, Ledger and it has been good to me so far, and I have the Nano S and Nano X.

Anyways, if I have the opportunity to invest in their coin, why not? I'm just going to look over a few factors to consider before actually buying the actual currency.

• Would it be the best use for your money?
• Checking the risk knowing that it's another cryptocurrency.
• Do you immediately need the money back in case it takes a long time?
• What's the actual use of the coin?
• Would you be able to earn more when you have it? (Like staking the currency)

These are the things that I think I need to consider with the factors at hand because why would we not believe it? I would like to own some of it, but I would use my extra BTC to invest in it and to hope and learning that Ledger is a massive company in the cryptocurrency world, it may grow. As long as you don't regret what you are doing, I think it would be beneficial to your self, mentally and emotionally. 

[OasisDre]

The XSN teams shouldn't focus much on hardware wallets right now and instead focus more on better future upgrades, hardware wallets in my opinion is not something i can consider a working product since it has nothing to do with stakenet tokens itself, this won't drive adoption rate at all

[Red-Apple]

that's the problem with this new generation of people who entered the altcoin market between 2017 and 2019. they think all projects, any product,... must run a fundraising to be able to work!
how many companies in real world do you know who ran a fund raising to start up? did Microsoft raise funds? did Apple? etc.

to answer your question, no i would never invest in something like that because i believe that if someone has a decent business model they won't need to raise funds like this to start their business and make it succeed! and there are enough examples to back this up.

[zabir.brutov]

Sure I would invest in Ledger coin or any other crypto currency that has already a functioning product. Thats why I cannot wait for Telegram coin, because it has big value as well. I am tired of investing in bubbles with only whitepaper.

[Flux0z]

The XSN teams shouldn't focus much on hardware wallets right now and instead focus more on better future upgrades, hardware wallets in my opinion is not something i can consider a working product since it has nothing to do with stakenet tokens itself, this won't drive adoption rate at all

This is just a SMALL part of what the x9 devs behind Stakenet is working on right now, I just wanted to mention this as it seems like nobody even knows about this project, or their ideas and plans. I challenge anyone to take a quick glance at their roadmap: www.Stakenet.io/Roadmap

Their Lightning DEX is soon ready for launch, and their Multi Currency Wallet with inbuilt Lightning Swaps is in open BETA testing.

This project will run on masternodes, and these masternodes will be paid from a LOT of different sources, including dApps, and block rewards.

Masternodes will yield income based on the services they'll provide below:

* Lightning Dex
* One click instant Lightning Swaps (NOT Atomic Swaps)
* DEX Aggregator
* Masternode escrow services
* Masternode based oracles/arbitration
* CCPoS - Staking rewards in any other coins
* Tor, PrivateSend, random hop secrets
* Masternode's collateral backed stable coin
* Lightning dApps
* TPoS - Hosting of Trustless Cold staking contracts
* Voting Delegates
* Automated payment of node operators
* Masternode Managers
* Multiple keys for Masternodes
* Enhancements for Smart Contracts and dApps
* Masternode reward split
* Masternodes Quorums Autonomous Swaps
* Cross-Chain dApp infrastructure
* Watchtower services

[Altseasonmike]

Any Clue about how Dex Aggregation would work?
Thats something i never heard before.

[Flux0z]

Any Clue about how Dex Aggregation would work?
Thats something i never heard before.

I'm pretty sure it's a service that will connect DEX API's and route transactions back and forth between them.
Like, if you wanted to trade 50 LTC for BTC, and 50 LTC is available on Blocknet's DEX, it would buy up the LTC through the BlockNET DEX, and credit you the coins. I'm sure a DEV could answer this better from a technology standpoint

[Altseasonmike]

Thats someting new in my eyes. Cool Stuff.
Is there any ETA for that Dex?