Write a persuasive essay on why this coin is either a shitcoin or a gem depending on your opinion
XSN
Nicholas Wilson
Andrew Butler
>shitcoin
There's too many competitors out there for a new dex to show up and take over. The DeFi bubble is about loans, not trades. Established day trades do so on exchanges with low fees and high volume. This has a large fee, and essentially no volume right now, apart from the rich mother fuckers being the liquidity partners running the agg bots.
The '1 MN to make it' thing doesn't work either, cause if they really want this dex to take over, they will need to lower the fees to around Binance/Bitfinex level. Which wold make 1 MN return $6 a day with 500M daily trading volume.
The project should have came out around 5 years ago. POSW started it, and it might have actually done well if it came out before all the new age DeFi. But it's a bit late now. Established traders are using the proper exchanges with low fees, and the new people to crypto are using newage DeFi sites.
Colton James
Why would someone bother to write something like this. Think about it, there’s a clear answer.
David Carter
It’s a shitcoin until they actually launch the DEX at which point it will be a gem.
The question isn’t whether their value prop is legit, it is. The question is whether they can deliver which, as someone who has been holding for over a year now and been hearing “DEX just around the corner” the whole time, is a legit question.
Tyler Nelson
>anything other than absolute praise is fud
Whatever man. You can't open your mind and have a decent discussion.
Xavier Rivera
No.
Luke Hughes
Either you intentionally lied with the "500M vol / $6 a day" MN returns, or you're a brainlet. Which is it? If you disagree, please provide the numbers you used.
Bentley Long
We should make a pastebin to post just to btfo of the constant fudding. Might write one later.
Blake Lopez
Gem in innovator stage on verge of early adoption.
>LN was poorly implemented
I don't see how Lightning will take off beyond a hobbyist phase without massively centralized interests getting involved.
>Stakenet designed an ecosystem that takes what Bitcoin implemented for LN and makes extraordinarily powerful use of it
Stakenet's solution is notable for embedding LN nodes into masternodes so the LN nodes have access to all the collateral locked in the MNs (quasi-centralized liquidity pool within a purely decentralized network). The nodes will be running 24/7 in the background atop all that liquidity to rout payments and should take very little maintenance to keep up.
It could very well solve multiple problems in the industry by meshing the gears of many underutilized together.
Lightning?
>Lack of liquidity. Not profitable enough at the individual level.
Staking?
>Inflationary. Sometimes to an extreme. Underutilized use-case outside of securing the integrity of the network.
DEXs?
>Low liquidity, low volume, paper-thin orderbooks, AND difficult to access for 99.9x% of the world.
Atomic swaps?
>A big win for DEXs but still potentially very slow depending on which coins are being swapped.
Masternodes?
>Like so many staking coins, what do they do other than secure the integrity of the network and inflate the circulating supply?
Using m a s t e r n o d e s and the collateral locked within them to power L i g h t n i n g A t o m i c S w a p s which serve as the infrastructure for what could very well become the speediest and most liquid D E X in the industry and using a conservative inflationary supply to gradually produce more m a s t e r n o d e s which, in a way, provide an opening to expand the exchange with additional servers so it doesn't hit a bottleneck. It's both genius and shocking that no one in crypto seems to even know that it exists.
Gavin Evans
This is a poorly laid out pasta, at a glance you could say it's fudding against XSN. You should not post this again.