Shill me on XSN

This doesn’t seem like a scam to me. The necessity for a true layer 2 dex has never been more apparent with the insane gas fees as of late, and I’ve seen that there’s a publicly available beta version of the XSN dex, so it isn’t vaporware that will never be invented.
My concern is that there are a number of players in the race to a layer 2 dex. Why is Zig Forums so bullish on this one in particular, and not loopring, falconswap etc.? In particular the fact that eth/erc20 is what brings in trading volume anymore, and the Xsn dex only does bitcoin and light coin so far. I know Raiden integration is on the roadmap but will they actually win the race there? Loopring and falconswap claim time release their Raiden dex at the end of September.

Attached: 85CC338C-3E3A-43A2-BFBB-B4EA580C2B42.jpg (400x400, 11.22K)

its a gamble, could drop to 5 cents, could keep goin up, pick your poison. solid investment tho.

Literally not a single other L2 Dex has a beta you can download, or a proper Dev team that can answer your questions, or work with raiden Dec
Literally not a single other one
Falcon swap and all those other scams have no roadmap, no working product, their white paper is trash and based on outdated technology
Stake net is the only project set out to do what it wants to do

Serum is already out, does the same thing and is backed by Binance’s deep pockets.

If they finish raiden this will be the most used exchange for algorithmic traders.
That is something you must remember.
They are making progress, its still a bet tough. I personally own 2 master nodes.

this is a coin that has been pumped and dumped by biz 3x already in the last few years
always makes me chuckle when it comes back

>Serum
what are you talking about? You seem to have no clue what XSN does...

>Pnd
>Price keeps climbing after each profit taking to higher ath

Sure I do, it’s a layer 2 dex. So is Serum.
And Serum already has a full product out instead of just a beta because they had the money and manpower to get it done quickly and masterfully.

this and
this
i barely own any, dont even own a MN but if this thing actually adopts raiden its going to swallow all the uniswap traffic overnight, with enough liquidity on defi memecoins to ward off loopring and friends IF these projects even deliver on what they say they will, and there are no real competitors in the space
its similar to how, yeah there are kinda sorta alternatives to link like band, but as soon as link mainnet dropped there was no real demand for alternatives bc of first mover advantage

Serum isn’t anything like XSN, serum forces you to use wrapped assets on its own blockchain

>its similar to how, yeah there are kinda sorta alternatives to link like band, but as soon as link mainnet dropped there was no real demand for alternatives bc of first mover advantage
But how confident are we that they will attain first mover advantage? You say loopring doesn’t have a working product but their dex is already out according to their website

A most comfy hold

Serum is wrapped shit.
Falconswap can't even tell you what L2 solution they're using. People are questioning if their VCs are even real.

What’s the problem with wrapped tokens?

they fucked up in their design, maybe it's to do with it being layer 2. but oh well. it won't get uniswap levels of trade because uniswap is used for farming and anyone can list there. even if coins get listed on the stakenet dex, you can't farm with it, and so it won't capture any of the defi fags.

however, if it works and the raiden thing is possible. it'll probably get an okay amount of trade doing btc/erc20. but i don't suspect it'll get a fuck ton. there's just too much money to be made farming with pools. if stakenet change their design and go down the liquidity pool route, where anyone can just stick in a contract address and then that's it. it would be great, considering it's layer 2.

not a scam though, just won't see a lot of action imo.

It isn't true interoperability, you have to trust the wrapped asset is backed.

by this logic BTC has been "pumped and dumped" numerous times.

serum isn't an L2 dex - it's effectively a side chain/"shard".

They are wrapped assets on a completely different chain, so not only do you have to trust the peg the asset is wrapped to but you also have to trust the chain it’s running on too. Wonder why CZ backed it, they have full control over the real assets while you play with fake tokens.....

Usability is fucked. Way too difficult to use atm. Inb4 it’s going to be like uniswap

Yeah they realized its too complex so they will set up a swap like UI

uniswap is more than a ui though, i'm sure they realize this. but just because it 'looks' like uniswap, doesn't mean you're gonna get those users.

uniswap is used, because of farming and all other dapps right now connect to it.

still, maybe the raiden integration will allow eth dapps to work. though i'm not sure what the point will be since there is no pool function.

its going to have an easy mode that functions like uniswap

Also, the dark cyberpunk-theme is so 2017.

This doesn't really add up as a great argument. Pooling basically gives users with assets some reward for providing liquidity. Assuming the Stakenet DEX achieves liquidity, which seems well planned for, then the only thing that is missing is users being rewarded for holding a certain asset, but this is exactly what XSN is. By holding Master Nodes or staking XSN itself you secure the network the exchange runs on (and any future DAPPs built on XSN) and are rewarded.
Its probably more attractive than pooling considering you don't have to hold speculative assets to be rewarded ,assuming DEX reaches adoption, which it has a good shot at.

stakenet allows daps that for example use bitcoin for farming... think really deeply about what I just wrote.

I can’t help but notice that every other competitor mentioned so far except loopring has been addressed in some way. Makes me feel like they must be the most likely to spoil Stakenet’s chances at victory.

I guess for starters they don't have lightning.

Attached: Screenshot_20200903_112744.png (440x317, 27.54K)

Right, but Stakenet does and it isn’t getting any volume.
I feel like people aren’t going to exchange bitcoin over layer 2 DEX’s, they buy and they hold. Frequent traders are more in the erc20 game, and that’s my fear with xsn. If loopring actually has an L2 eth dex already, all they have to do is advertise it and they beat Stakenet to the punch.

>chink scam
>mass adoption

Bullshit.

Who is this loopring?

XSN is the first to release a Raiden Dex

Its such a stupid argument. Firstly, reason they don't get volume is because its open beta and there are only three pairs. Wait until Raiden is released and all ofERC20 is supported.
Secondly the reason BTC is held is because its slow and expensive to send it. With lightning, which you can fully use on Stakenet Dex right now, they are fast and cheap.

Attached: youtubeshills.png (715x257, 29.08K)

Pro
>good development track record
>dedicated team and community
>no ICO
Con
>not very well known
>no major partnerships or industry backing
Relative to many defi tokens, XSN is quite advanced. As more people are sold on the underpinnings of defi, I see it working well for them - simply because they have a different and powerful technology readily available to talk about.