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

[2021bull]

Where can I try this DEX? It sounds freaking amazing. I'm fed up Uniswap and their extremely high gas fees. 

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[PermaBear21]

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!

As far as I know there's no other scaling solution a part from the Raiden Network. Ethereum 2.0 should fix a lot of the current issues though, but it's been delayed so many times already, haha.

I'll definitely do some research on this project, seems like a good one.

[matteo_invst1]

Where can I try this DEX? It sounds freaking amazing. I'm fed up Uniswap and their extremely high gas fees. 

In the Stakenet Discord server, you can find the DEX setup to use. You can experience the lowest fees on the market either instant transactions.

[redsun114]

There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.

I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.

[Marckolind]

There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.

I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.

Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck.
Don't believe me? Go check for youself.

Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here.

[Hairynipples]

There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.

I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.

Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck.
Don't believe me? Go check for youself.

Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here.

The problem is when there's multiple threads about Stakenet here and a lot of posts from the same members and newbies in every one of those threads it gives the impression of a handful of bagholders trying to pump the price which might of worked a few years ago but nowadays people are far more careful and selective in which projects they invest in.

Stakenet certainly looks like a promising project but there are better ways of promoting it.

[Marckolind]

There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.

I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.

Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck.
Don't believe me? Go check for youself.

Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here.

The problem is when there's multiple threads about Stakenet here and a lot of posts from the same members and newbies in every one of those threads it gives the impression of a handful of bagholders trying to pump the price which might of worked a few years ago but nowadays people are far more careful and selective in which projects they invest in.

Stakenet certainly looks like a promising project but there are better ways of promoting it.

There's a handful of very bullish people promoting Stakenet on Twitter, that's all I know. I'm VERY excited about the project, which is why I try to share it here. I agree there's quite a few threads regarding Stakenet here, but I guess a good project gets talked about. There's quite a few Chainlink threads here as well, both projects are being discussed a lot on 4chan as well, both having a very large community.

There's hardly anyone investing in alt's right now, which makes sense with BTC's run lately, but XSN did 10x in august, which shows how much potential this project has. It did retrace quite a bit, but so did all major alt's even LINK and ADA, just to name a few.

[redsun114]

^ Nobody says that they are not doing marketing properly, I have said multiple times before that stakenet is spending millions of dollars on marketing and it is obvious, or they are spending a lot less on some tech farm in a third world country but it is obvious that they are working on marketing it by word of mouth and social media.

This doesn't mean they have a "huge community" or a better engagement. You know why I say that? Because over half of what stakenet you see online is from the marketing they do and not from real people, this is too obvious to see from everywhere.

Why do you not see tens of pages regarding stakenet here? Or why not tens of legendary accounts talk about it? Why is there few pages with many topics filled with newbie accounts? Because, they pay for it that is why. Same goes for twitter and telegram and many other stuff.

[cahkalem]

maybe stakenet is a good altcoins project, but not sure this project will be a scaling solution for bitcoin and ethereum my friend
i hope you will do more research with stakenet

[krisnajsadrak]

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.  .

you write this thread at august 19 this year, wich mean the dex alreacy already launched right ? because you wrote this "but is being soft launched at the end of the month"
then how is the dex now ? does the dex this work properly ?
thanks

[Bergluft]

^ Nobody says that they are not doing marketing properly, I have said multiple times before that stakenet is spending millions of dollars on marketing and it is obvious, or they are spending a lot less on some tech farm in a third world country but it is obvious that they are working on marketing it by word of mouth and social media.

This doesn't mean they have a "huge community" or a better engagement. You know why I say that? Because over half of what stakenet you see online is from the marketing they do and not from real people, this is too obvious to see from everywhere.

Why do you not see tens of pages regarding stakenet here? Or why not tens of legendary accounts talk about it? Why is there few pages with many topics filled with newbie accounts? Because, they pay for it that is why. Same goes for twitter and telegram and many other stuff.

That also makes me a bit suspicious. Thenewbie accounts promoting it seem to be really tech savvy. but one hardly ever hears some oldtimers talk about it. I wonder whether there is something behind this coin.

[coinporch]

this post try to create a hype on stakenet, but thats not a big problem, because this alt is not a bad altcoin
by the way, as i know the king of defi now is chainlink, and i don't see any new or old defi project can replace chainlink in the near time my friend

[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.  .

you write this thread at august 19 this year, wich mean the dex alreacy already launched right ? because you wrote this "but is being soft launched at the end of the month"
then how is the dex now ? does the dex this work properly ?
thanks

The DEX can be downloaded from the Stakenet Discord channel, it's still in open beta, however you can trade BTC LTC and XSN. Ethereum is being integrated right now, with a bunch of testers working to remove any possible flaws and bugs.

[PermaBear21]

It honestly wouldn't surprise me one bit if we see $100 transaction fees on the BTC network, as it cannot scale at all.

Ethereum seems to be experiencing the same thing. Stakenet seems like a promising solution - If they can pull it off

[ampu]

There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.

[Bergluft]

There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future.

How does Stakenet compare to these?

[Marckolind]

There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.

They are on-chain DEX's, which means high trading fees, and slow trading.

Doesn't compare the slightest to Stakenet

[TopGunLover]

There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.

They are on-chain DEX's, which means high trading fees, and slow trading.

Doesn't compare the slightest to Stakenet

What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here. 

[ThierryV]

There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.

They are on-chain DEX's, which means high trading fees, and slow trading.

Doesn't compare the slightest to Stakenet

What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here. 

I just made an inquiry for you. And got a little more explanation about your question here:
Onchain DEXs: eg Komodo DEX, uniswap, block dex etc: atomic swaps that happen onchain. So they are limited to blocktime (btc blocktime: 10 minutes), every swap has to be confirmed by every miner, so you have to pay a normal transaction fee to the miners (rember Uniswap fees in july which were like 50-100 USD swap), is not very private as you can see every adress in every explorer and  not scalable

Offchain DEX: eg Stakenet Dex, they are using Lightning Network and Connext. These are layer 2 solutions, so it is network built on Blockchains (layer 1 == massive security by mining power), a network between nodes. So no miners are involved here, it is offchain=> more privacy as every tx is only stored in your node, never gets broadcasted to the public explorer. Less fees as you dont have to pay the miners, more scalable (eventually up to 1 Mio TX / second) and faster (~ instant) as you dont depend on block limit or blocktime.


I hope I have helped you further with this.
You can always test the dex yourself or wait for the SSUI of the mclw to be live for everyone. More info can be found in our discord.

[btc78]

-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.

Just saw it also and Obviously the First replies comes from a Newbie that almost no post supporting the Post of another newbie that promoting a newbie project also.

Looking at the pattern we can simply find the Idea of them shilling for this Riding for the popularity project.

Almost every New token are Pointing the Congestion in Bitcoin transactions Whenever there is a Hype ,But the truth is they are only gathering a prospective Victims.