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

[serjent05]

It is a no brainer to say yes if a project has a capable team, a good product and a token with a real life use case.  There are lots of great idea out there but the problem is that the developer tends to be so ambitious planning to do all stuff at the same time and ending up short on every aspect.  Also if there is no buy back system I think I'll pass because no matter how successful the project is, if there is no plan for the token support(buy back), the possibility of that token losing its value is huge. 

[falce]

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

the "open" beta is closed, or at least according to discord, the wallet has already been on 100% in may, if 100% finished was able to go back to 99%, i wouldn't say the dex is soon (unless in some geological way) to be released. as for the list - nice brainstorming what might be catchy

[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

the "open" beta is closed, or at least according to discord, the wallet has already been on 100% in may, if 100% finished was able to go back to 99%, i wouldn't say the dex is soon (unless in some geological way) to be released. as for the list - nice brainstorming what might be catchy

The open beta is NOT closed buddy, they just stopped accepting new people to test it for the time being. There's a waiting list for those members who wish to help test it.

This is a world's first, so obviously it needs a TON of testing, especially with lightning being in constant development. There's been found bugs to fix in the lightning tech itself, something the devs have no control over.
The DEX is already up and running on a test server, trades being made - So I actually do believe we are getting close

[wedosgibas]

Dependent, what kind of investment? In their own coin? I have to see the role or function of their coins in running product, whether it is very important or not.

[Flux0z]

Dependent, what kind of investment? In their own coin? I have to see the role or function of their coins in running product, whether it is very important or not.

So you want to know how XSN is used, and what makes it valuable? I'll try to explain that:

1) Stakenet is used to pay fee's on the hosting service of XSN's owns "Masternode-As-A-Service" option available on their Cloud platform. Cloud.Stakenet.Io

2) 15,000 XSN is required to host a masternode. These masternode will get a lot of demand long term, since they'll be the backbone of multiple dApps (Lightning DEX, Multi Currency Lightning Wallet, to name a few)
Meaning any transaction fee is converted to XSN. If you decide to trade BTC for LTC, the fee will be used to buy back XSN, and distribute it to the masternodes running the service.

Everything evolves around masternodes - They should be called "service" nodes, since they'll make sure everything is running.

You can use Stakenet's services without investing in XSN, but the fee's associated with using them, will benefit XSN.

[J1mb0]

I always consider before deciding to invest in any project. Whether the project is sponsored by any company does not mean it will succeed. In case if Ledger tossed their coin I would consider investing and maybe buying some. As for the other project's coins, I probably won't participate because I don't know anything about those companies.

[matchi2011]

It is a no brainer to say yes if a project has a capable team, a good product and a token with a real life use case.  There are lots of great idea out there but the problem is that the developer tends to be so ambitious planning to do all stuff at the same time and ending up short on every aspect.  Also if there is no buy back system I think I'll pass because no matter how successful the project is, if there is no plan for the token support(buy back), the possibility of that token losing its value is huge. 

Quite agree to that, if the project have a wide use there's no way not supporting knowing that there's  a good outcome with developing team who are capable to bring progressive updates. but the main factors which investors wanted to see is on how the developers will control the possibilities of not losing the project value or to avoid complete dumped, buyback will give little assurance knowing that the team is in full concern.

[perla]

2 things that i look from Viper maybe real product and it's own blockchain. Usually a coin have plus value for me,although it all depends on it's developer to manage their project. About invest maybe i am not an investor, but will see and wait to listed in market so i can try and buy some, maybe can get profit from it. Because i am not really want to invest in something and only do casual trade.

[Perfect35]

There have been so many hardware devices that have been lunched and are fully functional, without doing any fundraising. Why then do you think this should be an exception?
Also, if there will be fundraising, then it must have unique features, that are not part of what is being told to the general public.

[pishite]

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?

If the trezor would make its own coin, then I would try to invest in it. But why should they let it out?

There are enough coins, and in order to make a token or coin, you need to find the task that it will solve.

For example, those who own a trezor token do not pay a commission when sending other coins, it is calculated from their tokens.

[jazmuzika217]

For me I do not invest in that kind of project because you don't have any products. All we know that kind of investment is very risky and have a very big possibilities of scam. But if I will invest on that type of investment I will set limitation to my capital to avoid too much loss and I will take the opportunity to learn about this investment.

[Ucy]

I wonder why Ledger hardware wallet coin or Blockchain  would be necessary, unless the company needs the blockchain for its own decentralized exchange. I will definitely invest if it's for building a good decentralized exchange.
As regards VIPER, you probably should know what the company wants to build on its Blockchain. Decentralized exchange business is one of the most profitable businesses in decentralized world. I guess that's what VIPER is aiming for.
Nice thread on Stakenet, by the way!

[HalfaZ]

Also, I don't think you can say investing in crypto is INVESTING. its more on speculation because there isn't really a economic metric that you can gauge on the benefit a hardware will make to a token.

Why? Because XSN is a native currency of a blockchain, the ledger itself. So what value does the token has in respect to the hardware that is provided like Viper?

XSN is not an equity to the said project, it is just a unit of measurement in a blockchain that is given value by speculators.

Unless there is an actual demand side pressure that could be generated due to Viper being the best hardware out there (vs the likes of ledger or trezor) and only sold in XSN value, I imagine it being less of a use-case but more of a participation trophy to put on top of a depreciating token.

I do love to speculate though, as long as the buzz of DEX and Viper and other buzz-words in XSN generate enough demand side pressure (more than the inflation rate of the MN/POS system % rate), price will continuously fall and you won't recoup funds.

I'm going to ramble even longer as this is a thought piece; but say you would then value XSN on the notion of transactional value, use-case of its blockchain seems to be mute as even the advisors are not on board on any of the discussions or updates. They gone?

[bhabygrim]

Sure after all we already trust our crypto in their hardware wallet so why not trust in their own project or crypto,
But what would be the tokens role in the crypto industry?
I think I would just invest a small amount at first and see how it could be used in the device.

[joelsamuya]

To that question my answer is YES but I need to make sure that there is really a good team behind it, and they should first demonstrate that they can really penetrate the target market. And lastly, they must convince me that they are not just here for the money and with challenges they will not close the business and take a good vacation with the money they already collected. This is the big problem with the many projects crowdfunding using cryptocurrency: they have scamming mindset and should not be trusted an iota of money.

[Altseasonmike]

That Viper Firmware will fit onto Trezor Devices aswell i heard?
Would be great. Trezor is my favorite.

[Marckolind]

I always consider before deciding to invest in any project. Whether the project is sponsored by any company does not mean it will succeed. In case if Ledger tossed their coin I would consider investing and maybe buying some. As for the other project's coins, I probably won't participate because I don't know anything about those companies.

Which is fully understandable. Agree with you, but hey.. If you did some actual research on the project perhaps you would find out, it actually IS worth your time?
Haha, but on a serious note. I'm quite excited to see what kind of software the dev team builds, as there isn't much info on it just yet.

[Thefrolly]

Well, that would be dependent on their kind of project and the idea they are going to sell. If it is one that is good, then why not? but then again, on another note, is it really worth it creating these projects?
but then again, if they can sell a great idea, and have a solid team behind them, I just might go ahead and make investments in it, after-all, I already trust them with my funds in their wallet, so why not their project?

[hahahafr]

Well i don't know much about this project but i would check it out fully later. Nevertheless a product which has a working and cool product like the one you have described is a good one to invest in other than investing in some sort of non-feasible idea by an inexperienced team members.

[plast555]

Well i don't know much about this project but i would check it out fully later. Nevertheless a product which has a working and cool product like the one you have described is a good one to invest in other than investing in some sort of non-feasible idea by an inexperienced team members.

Absolutely I agree. A working product will always be my first choice. I've seen Cobo Wallet before that. They had a working device. I don't know what stage the project is, but they have already agreed with a lot of projects. In addition, the device looked quite robust, but also had a waterproof and bulletproof construction.

Even if they fail, I don't feel sorry for investing in such projects.