Stakenet (XSN) The KING of DEFI - Scaling solution for BTC and ETH

[Marckolind]

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but is being soft launched at the end of the month.  .

[wolfington12]

Man gas fees are getting insane!

Tested the Dex. It is next level. Essentially it will be one gas or transaction fee (in the case of BTC) to open a lightning or raiden channel, and then trade as much as you want, then close the channel when you're done (could be months).

[vster778]

Been on uniswap all week and everything about it screams expensive.

[didzi]

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but is being soft launched at the end of the month.  .

yeah, i think this coin has a lot of potential
anyway,  i hope this coin will be tradeable on better exchange just like bittrex and binance
https://coinmarketcap.com/currencies/stakenet/markets

[elda34b]

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

So you're gonna force user to open a LN channel first? How exactly is this going to be implemented? Why the need of a new token if you can just take commission from every trades?

[Hairynipples]

There is already plenty of threads from the same people/bagholders shilling stakenet/XSN, there really isn't the need for yet another one.

Yes, it is promising but when it's the same members posting on a regular and frequent basis it will have the opposite effect and make folks wary.

Just my 2 cents.

[ryzaadit]

-snip-

This stakenet and a bunch user like @OP trying to shiling this token on different board.

I already see a lot of thread about stakenet on almost trading/altcoin board, now they are shining the token by giving some statement about "DeFI" when right now this type investment was quite popular.

[tabas]

There is already plenty of threads from the same people/bagholders shilling stakenet/XSN, there really isn't the need for yet another one.

Yes, it is promising but when it's the same members posting on a regular and frequent basis it will have the opposite effect and make folks wary.

Just my 2 cents.

It's true. I saw this kind of thread before and that's why it's very familiar to me and afterwards, I've read your comment so I remember it already.
Talking about DeFi when before, I haven't read that they are like that. Looking to it, it's starting to have greater volume.

[nira09]

I haven't read much about Stakenets (XSN). If Stakenet can be the solution to the problem of high transaction fees and slow transactions on the Ethereum network today, then it will be meaningful.
XSN doesn't have many exchanges yet, it would be good news if XSN was listed on the top exchanges.

[republicrypto]

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but is being soft launched at the end of the month.  .

yep, a lot of great things inside this project,
thats why stakenet team need a marketing good strategy to promote their project
so, people know if this project is a part of promissing altcoins
regards

[Marckolind]

I haven't read much about Stakenets (XSN). If Stakenet can be the solution to the problem of high transaction fees and slow transactions on the Ethereum network today, then it will be meaningful.
XSN doesn't have many exchanges yet, it would be good news if XSN was listed on the top exchanges.

Top exchanges hasn't been a priority just yet, as the team never did an ICO. Their dev funds are spent wisely on developments, however the project WILL be listed on bigger exchanges eventually.

-snip-

This stakenet and a bunch user like @OP trying to shiling this token on different board.

I already see a lot of thread about stakenet on almost trading/altcoin board, now they are shining the token by giving some statement about "DeFI" when right now this type investment was quite popular.

There's a ton of projects here "shilled" daily. Give me a break dude.

Stakenet has a VERY active community, and the Twitter engagement outperforms Binance in terms of engagement and audience reach, which is pretty damn impressive.

This one is a sleeper, like it or not.

[LbtalkL]

I guess the one making high gas fees on ETH network is this defi projects listed on Uniswap, we have a trend on Defi now that goes directly to uniswap and they are fighting for gas price increasing it little by little to be prioritize. I am just curious why you called Stakenet as the king of defi? Do they have already a working defi project on stakenet blockchain? Upon checking stakenet explorer some of the supply are on cryptopia which is a hacked exchange.

[Marckolind]

I guess the one making high gas fees on ETH network is this defi projects listed on Uniswap, we have a trend on Defi now that goes directly to uniswap and they are fighting for gas price increasing it little by little to be prioritize. I am just curious why you called Stakenet as the king of defi? Do they have already a working defi project on stakenet blockchain? Upon checking stakenet explorer some of the supply are on cryptopia which is a hacked exchange.

Yes, they have a fully functional second layer DEX, which is the ONLY one in the world currently. THIS is why it's the KING of DEFI. It solves all the current issues we have in the crypto space right now.

1) High transaction costs
2) Slow Transactions
3) Centralized Trading

There was a bunch of projects affected by the Cryptopia hack, nothing to do about it really, should teach anyone a lesson NOT to store your coins on a centralized exchange though.

Join the Stakenet Discord, and go test the DEX on your own.

[Fakhrulenclix]

yeah, i think this coin has a lot of potential
anyway,  i hope this coin will be tradeable on better exchange just like bittrex and binance
https://coinmarketcap.com/currencies/stakenet/markets

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

[Marckolind]

yeah, i think this coin has a lot of potential
anyway,  i hope this coin will be tradeable on better exchange just like bittrex and binance
https://coinmarketcap.com/currencies/stakenet/markets

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.

[BTCXRPADA]

I guess the one making high gas fees on ETH network is this defi projects listed on Uniswap, we have a trend on Defi now that goes directly to uniswap and they are fighting for gas price increasing it little by little to be prioritize. I am just curious why you called Stakenet as the king of defi? Do they have already a working defi project on stakenet blockchain? Upon checking stakenet explorer some of the supply are on cryptopia which is a hacked exchange.

There are tons of tokens + coins hacked on Cryptopia. BTC, ETH, LINK, XMR, what's your point?

Yes, they've got a working product, and a good one frankly. Join their Discord channel and check for yourself, there's ALL you need to know about this project + more. Devs answers/community managers answers questions pretty fast from my experience.

[SamboNZ]

I cant believe most staking coins are already considered DEFI. Its like they are chasing for some hype to pump the value of the coin.

I guess the one making high gas fees on ETH network is this defi projects listed on Uniswap, we have a trend on Defi now that goes directly to uniswap and they are fighting for gas price increasing it little by little to be prioritize. I am just curious why you called Stakenet as the king of defi? Do they have already a working defi project on stakenet blockchain? Upon checking stakenet explorer some of the supply are on cryptopia which is a hacked exchange.

There is no king of defi, Shouldn't it be UNI token? since its literally caused the community to notice it and made Eth miners happy.

[disconnectme]

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

[2020Crypto]

I cant believe most staking coins are already considered DEFI. Its like they are chasing for some hype to pump the value of the coin.

I guess the one making high gas fees on ETH network is this defi projects listed on Uniswap, we have a trend on Defi now that goes directly to uniswap and they are fighting for gas price increasing it little by little to be prioritize. I am just curious why you called Stakenet as the king of defi? Do they have already a working defi project on stakenet blockchain? Upon checking stakenet explorer some of the supply are on cryptopia which is a hacked exchange.

There is no king of defi, Shouldn't it be UNI token? since its literally caused the community to notice it and made Eth miners happy.

Uniswaps exchange is a fucking mess. Why? Because Ethereum can't scale at all. Take a few mins and research XSN. I can't believe how many people here who fail to do actual research on projects that will change the way we trade in the future.

INSTANT Ethereum trading
INSTANT Bitcoin trading

EXTREMELY low fees

What's not to like here? And all this, while remaining 100% decentralized.

This is just ONE of Stakenet's dApps, with many more to come, which will benefit the whole ecosystem. 

[Marckolind]

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!