So funny thing I just read in the Blocknet thread - apparently XSN's DEX which is still in BETA, has more volume than Blocknet's DEX.
Now, that's not saying much, 7K volume isn't much to begin with, BUT due to the incredibly fast transactions you can do with BTC/LTC over Lightning, the volume could easily go up like CRAZY from day traders looking to trade these assets in a Decentralized way.
>90% of the total DEX fees is distributed among masternode owners, the remaining 10% is used to buy up and BURN XSN from the DEX itself.
This means that XSN will eventually become a deflationary coin.
I'm definitely gonna increase my XSN holdings after discovering this, and testing the DEX today. It's extremely easy to use. Feels like the good old days of using Shape shift without KYC, but better.. as trading assets happens instantly.
He’s not talking about XSN but talking about how Layer 2 dexes will make current layer 1 dexes obsolete and right now XSN is the only DEX that is doing it, they are so far ahead on this tech that nobody is even close
Every other DEX project out there is an ETH token or a vastly inaccessible L1 solution w/ no way to bring in and maintain volume. As XSN has gotten more popular, the 'DeFi' bubble larp has began mimicking the ideas, copy, and terminology Stakenet has been using since 2018. They can borrow words but they stand on no substance. Many of them just had their ICOs in the past few weeks.
Juan Hall
Other Dexs are on chain trash. The tech speaks for itself, so do fudders.
Juan Jones
if you want to trade ltc/BTC and not pay taxes, the dex is the way to do it.
>not investing advice folks, pay your fucking taxes
Wyatt Miller
Its going to get harder to tell which projects are the legit ones with all the noise from posers. I think they will slowly morph from ripping off XSNs ideas to calling themselves "XSN killers"
I actually hope Blocknet succeeds. More dexes in the space is a good thing to bring awareness to trading on a CEX.
Cryptopia can happy to ANYONE. 10 million XSN on Cryptopia! Fools leaving funds on exchange.
Binance is target number 1, and it WILL get hacked at some point.
Leo Russell
That's why you DYOR. It's extremely easy to find good projects.
Levi Torres
Are you fags still talking about your butt buddy Blocknet. How about when the closed source beta is released and open source, you can then talk shit. Right now no one gives 2 fucks.
Caleb Peterson
Raiden devs do
John Brooks
Everyone knows, stop posting and wait a few months.
Isaac Edwards
It'll happen and I'll tell you exactly when.
I already see bitching about gas fees and this isn't even a 2017 level golden bull.
Btc went up d $55 per transaction
Eth was upwards of $7 I believe per transaction.
So question, are you paying $7 per trade to buy shitcoins on uniswap? Or unlimited trades for 1 gas fee on xsn dex?
Camden Lopez
apparently people are indeed paying these fees, lol
Blake Sanchez
>The funny thing is no one gives two fucks about DEXs anymore.
