Old school XSN thread

Let's reassess XSN.
>less than 1% of the supply available for purchase
>5.58 million XSN locked into 372 new MNs since early July
>peak MN count even though it took a beating in the markets
>constantly built and delivered throughout the bear market and continue to do so through the DeFi bubble
>DEX is now in open beta
>ERC-20 on the way in co-op with the Raiden devs
Relative to the rest of crypto, I'd say the current buy/sell pressure is almost irrelevant as this is extremely undervalued until it breaks $1. This project will likely have much further upwards price discovery.

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holding 10 mns til q1 2022
make it anons :D

>MN count increasing though price is down
Whales accumulating while weak hands sell for a loss. Story as old as time

First for niggers tonguing my stinknet

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Pressure's getting weaker. We shall see.

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STONKS

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Also seeing the top 30 wallets haven't moved any coins just adds to the idea that only weak hands are selling. Just hoping we can find a bottom soon once all the moonbois are shaken out

This is a buy and hold until we see the peak of the DeFi bubble. I don't think we've even scratched the surface of that one as ETH 2.0 isn't even out yet.
I low-key think we might get to Hydra before ETH 2 launches but it's just heresy.

Turks are selling and that’s a good thing, sooner those street shutters fuck off out of XSN the better

Just wait until Labor Day if you’re a burger and access your options then

What wrong with the Turks? Fucking roaches the lot of em

I heard there was some Turkish FUD going around and a lot of them fell for it. One of the whales who exited in June at around 785 sat was an impatient Turk.
Why Labor Day?

how does this project finance? they will need a lot of money to keep going and deliever on the roadmap

10% of block rewards go to a Treasury.
Devs propose a budget.
Masternodes vote to pass the budget.
The more they deliver on making XSN useful, the higher it's market cap will become and the more funds the Treasury will have at their disposal.
This should help expedite the development of the roadmap over the next year.

Idk just a guess no rhyme or reason they are funded by treasury and probably private investors which goals coincide with the projects under the principle that they are not control

I paid a Turk youtuber 0.25btc to say XSN was a scam with no tech and he did. Sent the Turks into a spiral and I get to scoop up cheap XSN

but there is no volume yet so treasury wont fill any time soon. so again how do they pay for it all? did they collect money at the start? was there an ico?

treasury gets 10% of staking rewards
by contrast 10% of the trading fees will be burnt

OTC

God bless you sir I mean it!

No ICO, 10% of block rewards go to treasury not trading fees which are burnt

They built tech literally no one else has or has even come close to building with lightning support and lightning swaps, and that’s coming out of a 2 year bear market with no big cash or ICO

If there’s one thing I will bet and put my money on it’s a scrappy team that knows how to survive without plush cash. Imagine what they will produce now that it’s recovered from 2019 levels

Well according to the fudder the team has been dumping this whole time so they must be cash rich now and can fund everything they need

Turkish FUD who sold at 700 been coping hard trying to bring down the project since

The FUD is insane lately. Biz needs flags.

These weak hands are increasing my count from 86k to 105k. I thank them.

So it was whales fudding to coordinate a dump, to buy cheap stakies

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kek

>livecoin down again
Just like old times

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its back

XSN is it.

No question. I am loving this dump. Accumualting. And I was earlllyyyy