>What is Stakenet?
stakenet.io
youtube.com
>Whitepaper:
stakenet.io
>Litepaper:
medium.com
>FAQ:
stakenet.io
>Roadmap:
stakenet.io
The links above consist of the Whitepaper (technical paper), the Litepaper (condensed version of the Whitepaper), the FAQ (database of great questions & answers), and the Roadmap (detailed list of items being worked on and features to come).
Other urls found in this thread:
stakenet.io
stakenet.io
stakenet.io
youtube.com
youtube.com
youtube.com
medium.com
medium.com
cloud.stakenet.io
github.com
medium.com
medium.com
livecoin.net
beaxy.com
youtube.com
medium.com
discord.
twitter.com
Stakenet is a coin, not a token. The difference between these two terms are quite notable.
- A Coin is any cryptocurrency that has a standalone independent blockchain (Bitcoin, Ethereum, XSN, …)
- Tokens are cryptocurrencies that do not have their own blockchain but live on another blockchain. As they live on another blockchain, they benefit from its technology (ERC-20 tokens)
There are three options to earn passive income: 1) Staking 2) TPoS (Trustless Proof of Stake) 3) Masternodes
What is staking? - stakenet.io
What is TPoS? - stakenet.io
What is a Masternode? - stakenet.io
1) How to regular stake - youtube.com
2) How to TPoS - youtube.com
3) How to setup a Masternode via MNaaS (Masternodes as a Service) - youtube.com
Alternatively, if you wish to setup and run a Masternode yourself, click on this link - medium.com
MacOS Masternode setup guide - medium.com
XSN is available to be stored on the Core Wallet, Ledger & Trezor devices, and Cloud.
The Core Wallet, also known as the Controller Wallet when running a Masternode(s), is required when staking, TPoSing, and running a Masternode.
Ledger devices will allow you to not only Cold Stake via TPoS, but also host your Masternode collateral and Cold Trade via the Hardware Wallet in conjunction with the Light Wallet & Dex. These abilities will come to fruition once the next hardfork is implemented, but at this current moment, coins can only be stored but not staked.
The Cloud is a centralized staking pool where amounts of less than 10K XSN can receive small frequent payouts. The Cloud also offers Masternode monitoring tools, as well as MNaaS where $0.15 cents worth of XSN is deducted from your balance each day to pay for hosting costs and upkeep costs. The total cost per month comes out to ~ $4.50
Cloud:
cloud.stakenet.io
Core Wallet:
github.com
Pic related, XSN DEX
>Fee Structure:
medium.com
>Dex Architecture:
medium.com
>What makes Stakenet Dex different?
XSN Dex is a True Dex with no centralized point of weakness. It is a Decentralized Application (dApp) hosted on the Masternode Network and provides a means for users to trade crypto assets directly from their own Stakenet Wallet without having to hand over control of their assets to a third party. It utilises Lightning Swap technology to make trades instantly. The assets never leave the users possession with XSN Dex unless the transaction is completed, and as such, users can benefit from the utilities, features, and staking rewards of the coin.
Additionally, users remain user as they do not have to provide Know Your Customer (KYC) details to anyone, providing complete anonymity and freedom to trade without fear or worry. All transactions are done on a Peer to Peer (P2P) basis without the involvement of a centralised authority, making transactions more secure and less expensive.
Lightning Network + Radian integration (ERC-20 token support) + hosted on a Masternode Network of 2000+ nodes = Stakenet Dex - bringing back the original vision of Satoshi!
How to purchase XSN:
Livecoin - livecoin.net
Beaxy - beaxy.com
Checked and based op.
Latest Updates 1/2
What a scam. Anyone that goes through this amount of effort to argue for their coin is a surefire scam. You've been warned. $0 EOY.
2/2
With the release of V 2.9.2, Stakenet brings a tested and proven Decentralized Exchange (DEX) Aggregation system which through the use of our API allows traders to connect and bridge liquidity from other exchanges onto the first ever Lightning DEX, this has been dubbed Vortex. Vortex is the ability of our Stakenet Light Wallet which allows it to connect and bridge with other exchanges (both centralized and decentralized) and execute trading strategies.
What is DEX Aggregation?
The way a DEX Aggregator works is by spotting differences in the prices between assets. In simple terms, imagine if the price of BTC/USD was $10,000 on one exchange and $9,900 on a different exchange — the aggregator can take advantage of the difference in price by buying low from the one exchange and selling high on the other.
Our DEX Aggregator, will work for the user by checking multiple exchanges to find the best prices and post the orders within the Stakenet DEX orderbook. This works in favour of not only the DEX user, but the other exchanges as well as they get increased volume.
We believe this will change the way all DEX’s operate by allowing for this added inter-connectivity to solve much of the liquidity issues plaguing the current market as well as giving benefits to the user. It is this inter-connectivity that the DEX Aggregator offers that will not only benefit the Stakenet DEX, but other DEX’s as well by allowing access to all the liquidity that has been solely limited to Centralised Exchanges (CEX) in the past.
This provides what we believe is a much needed benefit for the wider market and industry by allowing more liquidity and depth to all DEX’s (something never having existed before) and the corresponding CEX/DEX.
What benefits are there to the user?
Until now running arbitrage, bots and aggregators were a complicated scenario to get working alongside DEX’s. A cross exchange arbitrage at its core, requires instant trade settlements to work correctly. As the traditional DEX model uses Atomic Swaps, these rely on standard blockchain confirmations between each trade which resulted in difficult on boarding of liquidity and locking out traditional trading firms. As our DEX uses the Lightning Network, it allows us to have instant settlements (via Lightning) and in addition to this, it allows for a unique DEX API.
Stakenet is about bridging the Crypto-verse, one of the ways to do this is through the use of our DEX. How could this be the case you might ask? There are many exchanges out there, which means that liquidity is spread-out across these exchanges. They are like little islands all on their own, at Stakenet we aren’t interested in building another isolated island, we are in the business of building bridges between those islands in a real-time manner.
With Stakenet’s API the user can connect into any exchange that offers the use of API for trading like Binance, Livecoin, KuCoin, Bittrex, etc and bridge the gap. This will allow them to trade effectively from the exchanges orderbooks to the Stakenet DEX orderbook.
The XSN DEX is a true Decentralised Exchange that does not require a user to forgo their rights to be anonymous and with the use of liquidity partners, users are able to tap into the most liquid exchanges, trade amongst themselves, and keep ownership of their own coins. In addition to this, you do not need to own any other cryptocurrencies to use the DEX, other than the currencies you want to use to trade on it.
You can view the Stakenet API in action below where a live trade happening on the Stakenet DEX orderbook and it’s corresponding trade happening within Binance’s orderbook: youtube.com
What makes this different?
Up until now, aggregators couldn’t run correctly on DEX’s as the settlements were not instant. This meant that once a trade was done, they had to wait for the funds to be received via normal blockchain confirmations before they could make the opposing trade — and in trading, every second counts.
As our DEX is built upon the Lightning Network (LN), the API allows for bots to connect and trade, and perform arbitrage with other exchanges. What truly makes our DEX unique and stands out in the crowd is that trading over the LN — once a trade is submitted and filled, the settlement is instant.
This allows Vortex to trade confidently as once the trade has been performed on the Stakenet DEX, it knows that it has the funds within microseconds and can complete the corresponding trade within the CEX/DEX orderbook.
How Does This Impact You?
Apart from the increased liquidity available within the DEX orderbooks, there is no other impact on you as a user.
Vortex automatically places orders into the corresponding orderbooks within the DEX as if it was a regular trade and to you, it will appear as if its just a regular trade.
There is no increase in cost for the user as the only fee applicable to them, is the Stakenet DEX trading fee of 0.25% and any costs for trading on a CEX is carried by the liquidity partner.
Overall
It is our firm belief that our Vortex will benefit the wider market and industry by allowing more liquidity and depth to flow through to not only CEX’s, but all DEX’s and CEX’s alike, which is something that has not existed before.
As it conglomerates the user bases, the aggregators do the work of spotting differences and allowing the users to get the best price available, whilst exchanges benefit from increased volume.
SOURCE: medium.com
If you would like to test the DEX for yourself just ask in the 'dex-beta-signup' channel in the discord.
discord.
com/invite/cyF5yCA
Full discord release will be out by the end of the month.
Cope.
Checked, thanks for the info drop op.
No sweat.
Thanks doc.
Pic related, TL;DR of DEX.
>Replies: 18
>Posters: 3
Holy cringe and desperation
Please bros... I need to make it, my masternodes need to set me free from wage slavery
Cope
You will.
Checked and based
How the fuck does the liquidity of this coin still depend on 2 shitty exchanges? wasn't cryptopia a disaster enough?
Also staking sucks because the government will cuck you up when you cash out. "You should have paid income gains, this is not capital gains, here's a fee"
Also not sure if the government will be ok with money laundering scams like those exotic unregulated exchanges being proof of legit origin
In4 murrican tier replies
Glow niggers at the IRS can fuck off, they will get paid capital gains. Not paying income tax on a coin I'm holding and not selling.
They haven't answered their phone lines in months doubt they have time to audit this shit.
Am I fucking retarded? I went through every step to set up my masternode on the cloud last night, it said it would take a bit for it to fully start but I wake up this morning and it's still not running
If it says new start required in the the cloud then the cloud team has to restart it for you. Had to do it to two of mine.
So, the aggregator in this case is someone with a balance of a token you want to trade with, on a kyc exchange.
How is that aggregator gonna help when a new token comes along, and doesn't want to list on a cex, because of the fee, and lists on a dex with a pool. How are you going to tap into that liquidity?
How is a token, or coin, going to list itself on the Stakenet P2P exchange with no contract option for depositing liquidity. And don't say, hurr durr the masternodes will host it. Host it how? I'm even watching the discord. There has been no definitive answer to this... You can't just give the XSN masternode 500k worth of a token, it doesn't work like that.
This project will get no adoption from anyone new, because the token would have to get listed on another exchange, on which you guys tap into. It's so stupid. Fair enough you'll get some volume when Monero get's lightning enabled in few years. And I'm sure BTC/LINK will probably net a few mil in daily volume. But this isn't going to become the defacto dex and take away uniswaps place.
The videos of this liquidity pulling are from livecoin/binance. Where's the videos of it pulling liquidity from Uniswap, or any other smart contract based DEX?
Major CEXs wont list due to being competition. You can buy on the DEX if you want. Volume is low because most of the supply is already locked up, pic related.
Different government different rules, mine falls under income since it's passive gains. Also this can't be shut down so it doesn't matter what government or regulators say, and since they have no Fiat ramps it should be no problem.
Sometime the cloud has problems, although rare. If you're still having issue go to the discord and ask in the support chats. They will help you out.
The aggregator is just bonus liquidity, the DEX still has it's own orderbook and volume is expected to increase over time especially after raiden integration. I think in the future masternodes will be able to list new coins/tokens, it's still not finalized atm. The devs are extremely good at what they do, I have yet to be disappointed.
Pic related is what they did to lightning swap. Now you can do a swap in a few clicks of a button.
New tokens will be fine without CEXs since XSN DEX will be quite big. It will be the first DEX to have both lightning and raiden without KYC. No more having to trust cz and goybase with your funds.
It will take uniswaps place easily because it is off chain. Do you really think people won't switch from uniswap? They already have to pay over $5 for 1 transaction, that is unacceptable.
Also the aggregator can only pull from CEXs/DEXs that support instant settlements.