XSN WhaleKing AMA II

For those of you who missed me shitposting at 10c, and then my original ama at 17c.

Ask me why I think XSN is on track for $5

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It’s not a matter of if it hits $5, it’s a matter of when.
I’ll ask the other question: when?

Why only 5$?!

When when when when I'm gonna coooooooooom

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When do you think we’ll hit $100m daily trade volume?

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We haven't even had mass adoption - so i tend to look for the next 10x. So from 50c to $5. When it starts to get to $1, and top 100 MC people will start to research and I think that will catapult it to $5.

As Above

me too

As soon as Raiden is launched - and you can dex trade Link for BTC - it'll easily hit 100m

When do you think Raiden launches? Early 2021 or late?

Do you see MNs ever making over 100k/year?

Not the whale but they’ll easily reach the point where they are worth $100k themselves. $100k income seems like absolutely everything needs to go right.
I bet $50k eventually isn’t out of the question though.

Given they already showed a test of raiden working - i'm betting on this year.

I figure we'll get a good bit of exchange volume from just the dex nature and the original lightning coins i.e. LTC/BTC

Then a bit more from Monero lightning connection (which I beleive is happening)

Then a LOT more from eth/btc

and then a lot lot more when raiden integrates all the other coins.

So i figure it'll be a multistage process.

If this thing continues to develop I think $300k-$400k is possible. Getting to 1bn exchange volume seems like a good goal.

300m daily volume is attainable - which gets you your 100k a year

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>posw rebrand
LOL NO. Fooled me once in 2017. Never again

Raiden launch if not before (so EoY).

Think 40 - 50m should be doable on BTC/LTC given flows in that.

If Monero gets that lightning upgrade easily another 60m.

Think of all the people who want fast transfer of bitcoin - who would quick swap to ltc

I said during the last thread that i'd be back to feast on salty tears. Taste good.

>"Look ma I made a DEX where you can trade BTC, LTC, and a shitcoin no one wants!"

thought people liked trading Eth and eth tokens :P

weak fud

No body actually believes this except from moonbois on here.

They might get expensive in the future, but the inflation of the coin limits their scarcity. A few people In discord have said that $5 is a high long term price. I agree.

As to dex volume / apy per year. 100k a year would need to be well into the future and no competition. This won’t happen, cause there will be other dex doing what stakenet does in a few years. Just like Binance isn’t the only CEX, Stakenet won’t be the only offchain DEX. A single masternode won’t make 100k/year for many years and a really high price. Don’t get memed by moonbois on her

Your comparison is Binance who does many billions of volume a day, along with many other exchanges?

Dex space will grow. With more and better dex infrastructure there will be more adoption.

It's good for XSN to be in a big pond! Only need a small piece of the pie - 300m volume to earn that 100k a year per node

>Only need a small piece of the pie - 300m volume to earn that 100k a year per node
Is that based on the 2000 nodes math shown in the charts/tables going around? Realistically it’ll probably be more like 4-5000 so we probably need 600 instead of 300. Still attainable of course.

yeah based on that chart - i'm interested to see where nodes go. Even in that case 50k per masternode per year is not bad to me

And how have you based that 100k? Do you know the exact amount of masternodes that will run the order book? Do you know the trading fees per day?

No, you do not. Look at the growth of master nodes just now. There will more than likely be a lot more running the order book than you think, and the fees for the dex at that point will be so low to attract lots of orders.

you make estimates based off information you have.

Of course if things change so will predictions

posw rebrand with new team, could it be that bad if all the bad parts have been cut out?

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Short it do anything to lower it. Im at 7200 xsn let me accumulate more shit. Im almost halfway there.

i've been watching the book, there appears to be iceberg orders waiting. So... yeah good luck. Would need a whale to exit and it ain't me.

People thinking there will be 4000 MN’s are stupid because of a few factors.

1 - Inflation is not high enough to support it for like another 10-12 years

2 - DEX is burning XSN and at this price right now $60M of daily volume would be enough to burn more XSN daily than is created making it deflationary

3 - Soon people will be priced out of MNs so won’t be able to afford them.

4 - As the price moves up to $10 people will start breaking MNs to take profit but people are priced out of being able to get enough to buy one

5 - the more XSN that move into MN’s over staking makes staking more profitable until you get to a point where staking is more profitable so people start moving back. This is by design and balances the network.

I think by the time DEX is in full swing and XSN is $5 there will be around 1200-1500 MN’s and they will be making bank on their daily rewards and fees.

i remember that

Agree, I think it will be 1800-2000 mns anyone saying 4k is crazy. The barrier to entry is going to be super high soon.

link to original AMA thread?

my fear tries to convince me theres secret whales with extra MN's they are waiting to kick online thus taking the lions share of the profit and leaving anyone with less than like 20 high and dry but thats just my own brain FUDing me

>Then a bit more from Monero lightning connection (which I beleive is happening)
first I've heard of this, any news sources talking about Monero on LN?

what's the prerequisite for xmr to enable LN?

been researching this as I believe it would be a huge plus for the dex to offer a decentralized, no-kyc trade option to existing xmr holders, as they're really the core target market of the dex. I can't find much on LN integration for xmr tho

even after all the accumulation and inflation from the past two months active node count is under 2300.

no reason to believe 4000 is coming anytime soon - there will be serious fomo driving price up near term, which will likely prevent all but the big players from entering the revenue share at Hydra.

maybe you're right about 4000 nodes after a couple years - but it's not gonna happen before Hydra hype has come and gone, and we resettle post-bullrun/ath.