XSN Whale here, gonna spend some time to answer any questions Zig Forums may have. Fudders need not apply.
I will try to answer to the best of my ability so responses may take a while.
XSN Whale AMA
Nolan Cooper
Other urls found in this thread:
xsnexplorer.io
x9developers.com
twitter.com
Jace Diaz
Regarding Pic related in the OP
These 3 things serve as the basis of XSN.
>The DEX (and future Dapps) are run my mastrenodes.
>The DEX has 3 main stage (stage 1 will be on release)
>Governance is done by masternodes
The image is pretty straight forward, if you have an questions I will attempt to answer.
Wyatt Ross
>The DEX (and future Dapps) are run on masternodes*
*Fixed typs
Colton Rivera
Why do people need XSN token? What’s its purpose?
Michael Reed
Not a disgusting Token.
Landon Sullivan
>Why do people need XSN token? What’s its purpose?
XSN is a digital money (like bitcoin) so it's not a token but a coin.
XSN is required as collateral to create masternodes. 15000 XSN = 1 masternode
XSN is used to fund development, this comes from the treasury. Funds are released based on masternode voting (see the 3rd section (bottom) of pic related in op)
XSN is minted by proof of stake. 1 block is made every 60 seconds.
20 XSN comes from 1 block
9 XSN goes to stakers
9 XSN goes to a masternode
2 XSN goes to the treasury
Camden Clark
Are my 4 master nodes enough?
Adam Sanchez
Yes, 1 masternode is a make it stack. 10 being fuck you money. Long-term, this project has some lofty goals which I recommend checking out the whitepaper if you have time.
In short 4 is enough, depends on how rich you want to be.
Adrian Flores
To further explain, on what masternodes do (taken from the stakenet whitepaper);
In addition to Masternode default features like instant send and decentralized democracy, our
Masternodes are aimed to be one of the most powerful stations within the crypto
industry and will earn a passive income based on the services they provide. They
will:
− Host and run XSN Dex.
− Host all needed blockchain explorers to ensure true decentralization.
− Host all blockchains needed to keep XSN Dex decentralized and light.
− Handle Lightning Swaps and Tokenized Swaps between different blockchains.
− Be used as watchtowers to host and monitor Lightning Channels.
− Use their collateral to provide Lightning Network liquidity.
− Authorize and secure the transfer of tokenized coins between different
blockchains.
− Facilitate instant and private on-chain transactions.
− Provide onion routing and ensure secure exit points for the network.
− Host dApps for Stakenet and other blockchains.
− Be used for the decentralized democracy of the network.
− Offload CPU and database capacities for everyone within the Stakenet
mesh.
Carter Mitchell
If you have any more questions regarding the XSN coin or anything else please let me know.