Alright let's be honest about Stakenet (XSN)

Is XSN?

A: The next LINK, with technology that could actually revolutionize the industry, and a reliable trustworthy team behind it? If A, then please answer why you feel that way about the team behind it and why the technology is needed.

B: A scamcoin that is shilled here by a group of people who are in a discord with the devs, trying to scam out and dump on the newfags after pumping it with paid threads here daily?

If B: tell me how you can confirm that this coin is just a bunch of faggots in the same discord making threads all day, and why you think the technology is just clones of coins we already have and don't need.

SERIOUS REDPILLING DISCUSSION THREAD ON XSN

Attached: XSN.jpg (400x400, 11.22K)

B. Spectre and pajeets are behind the shilling here. Just scroll through the threads and you'll see

So IMO, if it was a scam coin the beta would not be open for anyone to use. It would be a closed beta with "beta testers" coming here telling us how great it is so we'll FOMO in and they can dump. It's a real product that works, and is a first of its kind, with an actual demand for it's use, and XSN gives you ownership in its revenue. Those are facts. Risks are that it gets delayed, has bugs, does not work at scale, does not finish development. But I don't see how it can be just a classic pump and dump. There's risk but it's not a simple scamcoin

the only scammy part is livecoin faking their volume. I haven't seen anything suspicious by the devs.

Just about every coin/token posted on Zig Forums has some group of discord faggots organizing shilling campaigns.
Not knowing this is what will get you wrecked.
Ignore everything and just research what Zig Forums mentions and if you invest in good tech you'll have no issues.
The problem is people don't trust their research and, instead of holding long term, just fucking sell once it drops small percentages like morans.

XSN will do well because of its absolutely ridiculous vision and the competence of the team.

There has to be some way to buy and all of the bigger exchanges don't want it there if it's just competition.
Of course, the devs will never admit that they're truly competition to anyone and instead will insist they add more benefit to everyone.
Neither is really wrong - XSN is just sprinting out in front of everyone screaming, "wait! let's all work together and improve EVERYTHING and THEN we can talk about where to go from there!"

Obviously, XSN will do very, very well and likely go another 20-30x with short time.
It should be a gigantic mover during the coming bullrun, which it conveniently began.

Yes

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Excellent responses so far. It's so weird how the believers and skeptics are half and half on here. Definitely gotta DYOR.

Why would the dev team wait 2 years and quietly invent this whole ecosystem to exit scam 50% down from its 2018 ATH?
The XSN FUD is plentiful but unintelligible.

I have one MN
My question is, how does the volume for this get out? It's all stuck in Livecoin. How exactly are all the whales going to dump their bags into other exchanges? Why would anyone further accumulate after this phase?

Step 1: big money sees the potential after it moons hard post DEX launch and Raiden deployment
Step 2: big money buys a MN after witnessing daily trading volume on the DEX and seeing how much PI can be made
Step 3: people riding the wave up from the bottom begin to sell to people wanting to accumulate at smaller prices, which causes a new price discovery at a lower and then steadily higher pace
Step 4: buy another MN, brainlet

I did research the team and most of them quit the company 2 years ago lol. It looks scammy af to me.

lmao my point is why would anyone sell a MN. It's money.

Yeah, they wouldn't...
Smaller people buy in as XSN chads realize small gains they've gotten over the last year or two.

B. The same lingo, pics, etc are reused over and over again... definitely a very small group of people attempting to saturate so as to sway the newbs.

Mostly B though because there's nothing revolutionary to see here. DEXs are memes no matter if it's lightning or not and XSN doesn't do much of anything else at all.

Cope

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So, every dex can just link their Livecoin, Coinbase, Binance, Gemini, Indodax, Kraken exchanges and trade between all of them from one single wallet under the user's complete control, and run an arbitrage bot between the accounts with the click of a button?

NOPE

>Step 1: big money sees the potential after it moons hard post DEX launch and Raiden deployment

The thing is, people just won't use this. It's literally just another Dex. No one gives a fuck.

>Step 2: big money buys a MN after witnessing daily trading volume on the DEX and seeing how much PI can be made

Lmao, what sort of volume are you expecting to see on BTC/XSN and BTC/LTC, since that's the only trading pairs that will be listed. I'll give you, maxium 20K USD.

I really don't see why you guys are hyping this up to be an amazing revolutionary product. It's a Dex. We have those already

inb4 "cope" reply

Cope. Everything you said is objectively false. Xsn is just a dex, it's the DEX.

Attached: suckisucki.jpg (697x322, 77.19K)

Oh yes, because of muh lightning and muh instant swaps. Lmao.

Literally no one gives a fuck.

A

I think chainlink and stakenet are quite different. Chainlink runs a group of oracles to guarantee the security of traded smart contracts through the ethereum network. This bs everyone's been trading LINK is just an ehtereum token, not a new blockchain. I personally don't see monumental value with this "enhanced security feature" of interconnected smart contracts. The other thing that relies on the ultimate success of this application is having people onboard to use the interconnected smart contracts (probably pretty hard).

Stakenet is a proof of stake coin. When it comes to XSN's implementation of the dex, it seems clear that they've been developing out the lightning network better than anyone at Litecoin ever did. Additionally, they found a way to use masternodes and hubs to provide network space for transactions to be made without keeping things in one location. These hubs run an order book, which track the orders made through the network and the masternodes apparently help with network speeds (as I understand it, but this isn't until HYDRA, stage 3/3 implementation). The other part here with this dex application is that the liquidity comes from the exchanges themselves, so you have to have an account there and link it's API keys to your stakenet dex application. The great benefit of this though, is that you get to keep all your coins on your local computer and never have to forfeit them to a hack-able and non insured exchange ever again. Additionally, there's no liquidity issues, because the liquidity is the same as what the exchange has. Plus, you can have two exchanges linked at the same time and arb between the accounts. I think that's a pretty sweet offer if you ask me, but I'm all about trading mostly and am an investor in a few select coins that present awesome use case and undervalued prices.

Here's a pic of open channels in the dex I've been beta testing.

Attached: Stakenet.png (1248x710, 94.95K)

You are seriously not getting the point here. What makes Stakenet DEX valuable is the ability for traders to run high frequency trading algorithms. All you have to do is look it up for two seconds and you can see why it has the potential to be an absolute goliath. To run these you need instant settlements, so no its not just like any other DEX actually

There are literally trillions of dollars of liquidity running behind these algorithms in the finance world and nearly all crypto liquidity comes from them. Do some research yourself.

High-frequency trading (HFT) is a type of algorithmic financial trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools.[1] While there is no single definition of HFT, among its key attributes are highly sophisticated algorithms, co-location, and very short-term investment horizons.[2] HFT can be viewed as a primary form of algorithmic trading in finance.[3][4] Specifically, it is the use of sophisticated technological tools and computer algorithms to rapidly trade securities.[5][6][7] HFT uses proprietary trading strategies carried out by computers to move in and out of positions in seconds or fractions of a second.[8]

Based, so XSN will give that to normal users?

Exactly they are going to let users run these algo's from their own wallets. Totally decentralized finance

Based, now I know why CZ and co are freaking out so much. I've seen the posts the binance employees have made lol. Got the screencap?

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Top fucking kek, honestly. You brainlets are so lost

I am the original user who leaked all the organized discord shilling last year, don't fall for this garbage

Care to explain what you mean?
Sounds like cope to me.

If I was at my home computer I'd post the screenshots, the discord is fairly straightforward to find mate

This entire CEX implementation is nowhere close to decentralized trading especially when you're leveraging your own accounts you retard. In order to trade on a CEX, you deposit funds onto it and you withdraw funds from it.