Thoughts on Stakenet? Masternode based DEX and Multi Currency Wallet

[Marckolind]

With the recent all time high BTC dominance percentage, I'm looking to scoop up some alts while they're cheap. Got some ARK the other day, and it turned out to be a good decision.

As I'm a huge fan og Proof Of Stake, and masternodes in general, I decided to do some research, to find the most promising masternode projects with an actual use case. Blocknet looks promising, but I don't like the way they run their DEX, and I certainly can't afford a masternode in it at this point in time.

I came across Stakenet, who wants to build a DEX running on masternodes, apparently all the nodes will host the chains supported by the network, which means nobody needs to SYNC with the network. That's the biggest issue as it is right now with most DEX's. Nobody uses them, because it's a pain in the ass, and it's too slow.

Their multi currency lightning wallet functions the same way, so the incentive to hold a masternode seems to be massive, since all the fees involved in their ecosystem of services is distributed to the nodes running it.
If their DEX takes off, it's gonna add up quickly.

How high could this go? It's sitting at like $10 mio in marketcap right now. 50x seems possible?

[1714819400]

1714819400

[shinratensei_]

I have nothing to say about that even dex with billion volumes on its centralized exchange site can only bring no more than 12 million daily trade volumes for its DEX. Stakenet is not a popular coin and 50x will be impossible to be true.

[Flux0z]

I have nothing to say about that even dex with billion volumes on its centralized exchange site can only bring no more than 12 million daily trade volumes for its DEX. Stakenet is not a popular coin and 50x will be impossible to be true.

So your argument is that it's not a "popular coin" and therefor it cannot reach a price 50x it's current trading value? That's just dumb logic dude. 50x it's current value puts the project at a 500 mio. marketcap, which is FAR from unrealistic for this project.

They partnered up with LTC, to help them with Lightning implementation on mainnet, besides that Stakenet is the third project worldwide to implement Lightning on mainnet.
Source:
https://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/

They hired former Executive Director for JPMorgan and Managing Director at Bear Sterns - Frank Amato to help them build their lightning DEX with his many years of experience with trading plaforms.
Source: https://block5.io/news-posts/frank-amato-former-executive-director-for-jpmorgan-and-block5-io-co-founder-joins-the-stakenet-xsn-team/

Stakenet invented Cold Staking (Trustless Proof Of Stake), and is the first POS/MN project to implement Segwit, Atomic Swaps, and Lightning to mainnet.

They've got their own cloud staking service, Masternode as a service, and masternode monitoring service, which are all paid for in XSN.

Their Multi Currency Lightning Wallet (Stakenet Wallet) is in beta testing right now - First wallet in the world with lightning swaps literally available with a push of a button. Stakenet enhances every coin it collaborates with, including BTC and LTC - In other words, they don't try to work against other alts, but WITH them, which is a strong signal to me, that they are trying to change crypto as it is, for the better.

In fact, I believe 50x for this coin is being a bit too conservative, I'm WAY more bullish on this coin. I'd say 100x is easily achievable within a few years, considering that their Lightning DEX will run on masternodes. This is genius as nobody has to sync with the network to use it. Don't need to submit any KYC, or need to register anywhere.
Lightning allows for near instant transactions with close to 0 fees - Beats most centralized exchanges.
Once more and more coins migrate to lightning, and is supported by the Stakenet DEX, it will become the literal standard for most people to use it, as it's the cheaper alternative, AND you get to keep your personal info for yourself.

Decentralized exchanges is the future, this project is a great vehicle to CASH IN on exactly that, as masternodes are paid to run the whole thing.

Don't be the guy digging for gold - Be the guy selling the showels.

[Kang TB]

i see a lot of great things on stakenet, https://stakenet.io/roadmap
when i read the roadmap from this coin, i think i will start my deep research on it, before i decide to invest or not
i hope all the roadmap from stakenet will run on time

[IamCristita]

Good to be back reading here. What I can say is that Stakenet Dex was built around the strongest protocols out there which also bridges everything together that will be much needed in the future. They also achieved the instant BTC transactions that are possible with a few clicks on their DEX using the Lightning Network, next is ETH integration which is about 80% completed.


One can never say what will happen in the next 10-20 years but I have this feeling that lightning network will replace Paypal and that PayPal isn't going to be around in another 10-20 yrs.

[RealMalatesta]

Why is it always the low level accounts that keep promoting stakenet? I mean at the end of the day we are talking about something that has a promising future as long as there is an interest to it, without interest and users it will die because it requires volume to stay above threshold in order ot make it work.

All of that problem causes it to require a ton of marketing and that is why people keep shilling it, but it makes no sense to do it here over and over again. Look at this section for example, you will find 10 topics of HEX and stakenet everywhere and anywhere.

However I am not against stakenet I want to make that clear, the "idea" and the development shows that it is something that would be awesome, it is like uniswap type of deal but for everything, I would love it if there were a ton more volume and it would be very easy to use it thanks to that but right now it is not that common and it doesn't really shine that much.

[matteo_invst1]

Why is it always the low level accounts that keep promoting stakenet? I mean at the end of the day we are talking about something that has a promising future as long as there is an interest to it, without interest and users it will die because it requires volume to stay above threshold in order ot make it work.

All of that problem causes it to require a ton of marketing and that is why people keep shilling it, but it makes no sense to do it here over and over again. Look at this section for example, you will find 10 topics of HEX and stakenet everywhere and anywhere.

However I am not against stakenet I want to make that clear, the "idea" and the development shows that it is something that would be awesome, it is like uniswap type of deal but for everything, I would love it if there were a ton more volume and it would be very easy to use it thanks to that but right now it is not that common and it doesn't really shine that much.

Just a high-level account can talk about projects here? :|

everyone can talk bout the project that they follow.

Stakenet will shine. need more time.

[masterzino]

Stakenet has a prominent future if they manage to do what is in their roadmap.

From what I see, DEX & DeFi trend will be actual at least for another year, and early adopters (in non-copycat projects) will be properly rewarded.

[ibbaramichaelx1]

Why is it always the low level accounts that keep promoting stakenet? I mean at the end of the day we are talking about something that has a promising future as long as there is an interest to it, without interest and users it will die because it requires volume to stay above threshold in order ot make it work.

All of that problem causes it to require a ton of marketing and that is why people keep shilling it, but it makes no sense to do it here over and over again. Look at this section for example, you will find 10 topics of HEX and stakenet everywhere and anywhere.

However I am not against stakenet I want to make that clear, the "idea" and the development shows that it is something that would be awesome, it is like uniswap type of deal but for everything, I would love it if there were a ton more volume and it would be very easy to use it thanks to that but right now it is not that common and it doesn't really shine that much.

For you guys, this is just a common conversation.. but there are people. Real people who are just learning what stakenet is.

I don't want to clear this up. I'm just saying that new people like me are roaming around the project who dedicated themselves to learn about stakenet and decided to create an account here because Facebook and Telegram are full of bot accounts. A person should talk to a person.

[IamCristita]

Is this happening?? Bitcoin current price is 20.6K USD 

Fiat will lose in value any moment by now..

And in my opinion, there's still low information about Stakenet technologies. People need to know what we can offer and what we can achieve..

Stakenet will definitely do amazingly well, as it's the only project working on trustless instant BTC ETH LTC transactions with next to 0 fees on their DEX and Multi-Currency Wallet (built in 1 dApp). Crypto folks know really well that the currently existing systems have a lot of flaws..