>What is XSN?
An advanced code-agnostic dapp platform that uses layer 2 protocols to provide native interoperability between a multitude of different chains. By doing this, any assets on Lightning (BTC, LTC) and anything running atop ETH (LINK, MKR, UNI) can be instantly swapped without an intermediary acting in trust.
>Why does this matter?
Bitcoin allows for a trustless exchange of itself between two remote parties.
Ethereum brings a settlement layer and contracts into this equation.
XSN allows for the trustless exchange of different assets. It provides infrastructure to offset the on-chain bloat and high fees that come from swapping and transacting heavily on L1. If you want another bullrun, you'd better hope there is a good L2 solution by next year or L1 BTC and ETH will get handicapped by floods of tx and the fees will be ugly and disadvantageous for growth and profits.
>If it's so great, then why isn't it on big exchanges?
Binance is peak CEX and they built their clout by giving out free listings and BNB like candy. By the time XSN came around in 2018, Binance had the clout to impose listing fees. Listing fees tend to be very expensive. What's more they became almost completely irrelevant by 2019. Look at what happened to Cloak.
For the lack of big exchanges, it makes up for it in spades with development strides. All the money available went to development and now they have a working ecosystem to show for it.
I think it will get listings for free, like BTC, LTC, ETH, XRP, and LINK.
>Why does it only have a $20 million market cap?
No paid shills to mass market. No synergistic partnerships that come from paying for exchange listings.
They made a game that could sell millions of copies and none of the big publishers know who they are yet.
XSN - New Record in MN Count (again)
Other urls found in this thread:
coinmarketcap.com
stakenet.info
twitter.com
>Wouldn't Binance, OKEx, or some other big exchange be able to beat a relatively obscure altcoin traded primarily on a relatively obscure exchange with ease if they're sitting on billions of dollars in capital to invest in?
Most DEX efforts from CEXs from last year like Binance DEX fall flat on their face. Now it's too late for them to catch up and the wiser ones are placing chips on the new generation of competitors as evidenced by Binance's recent interest in UNI.
>If that's the case then why haven't they backed XSN? They backed UNI, AVAX, ORN, and SRM in some way. Why not XSN?
I don't think they have any reservations for or against it right now. XSN is the only one of these coins that didn't have an ICO. It's all voluntary word of mouth so they really may not even be aware of it yet. The room for discovery it has is half the appeal of it having such a low market cap.
>How much potential is there here?
Bitcoin hasn't even broke $20k yet and already UNI almost broke a $1 billion market cap.
Do you think that was a one-time anomaly or do you think that investments in DEX solutions has room to grow and hit new records?
$42 billion in 24 hour trading volume and the market still isn't even awake yet.
>tl;dr
XSN is a $20 million project - currently lesser-known in a burgeoning multi-billion dollar industry that's probably going to spearhead the next bullrun and it could break out like XRB because it's more advanced than all its competitors.
I'm in user. Wen moon?
>>Why does it only have a $20 million market cap?
Because their interoperability solution got totally btfo by REN.
+25k BTC locked in REN. +$850MM volume since launching in May. At current prices a darknode costs $23k and earns over $250/month.
The market has spoken. Listen to it user.
BTC has to moon a little more and then go sideways again. I think that will be the next time XSN does a major breakout again.
XSN is interoperable with REN and LN BTC and this entire market still has a lot of room to grow. I hope you make it user. Here's a classic.
>Less than $50 daily dex volume
OH NO NO NO NO NO
is the DEX in beta or not?
Blockhead spotted, you better make a trade on the BlockDx before you shill so your Twitter bot won't show 0 daily trades kek.
coinmarketcap.com
the graph looks weird, it had two moonings, will there really be a third one?
Everybody knows that more MN means more supply locked... so not exit scam, no people dumping. No drama.
Just market manipulation while people smarter than YOU are buying cheaper than YOU.
Just gonna drop this here
It is.
Based.
Yes. BTC and alts are still waking up. Pic related.
Yeah they need watch towers and raiden then it’ll fly
And marketing
Just noticed in the video the transaction date is august 6th.........
There isnt a lot of time to accumulate. I hope you got at least 1MN
Yeah that's an old community made video iirc
Is it? I only saw it posted in the discord a few days ago. I know the previous video was a XSN - wEth swap not a btc one.
Progress being made on multiple fronts, at least.
The hard fork, 4.0.4, Raiden, and LN watchtowers.
Speaking of watchtowers weren't they added a while ago? I don't think the devs have explained it well. Not what it does but when we will have it.
What is the Stakenet Treasury and why 10% of the minted XSN goes to it?
stakenet.info
X9 devs propose a budget with the Treasury funds. Their access to these funds is contingent on getting enough votes from the masternode owners to pass it.
oh cool
Now what are the chances of getting 51%'d? That's my biggest worry with these PoS coins. Anyway this project looks really promising and is actually delivering something, I'm considering setting up a masternode
CMC does shady stuff to xsn.
XSN is a hybrid staking coin. Block rewards split 45/45/10 staking/MNs/treasury with disincentives for imbalances - i.e. over-representation of MNs to XSN in staking.
As block rewards are split, I supposed you'd have to gain dominance within both the MN and staking rewards and then corrupt the Treasury.
Bought today. Tell me this is the dip.
If you bought in the 1600sat-1750sat range then yes, you bought the bottom.
Fuck you
Bought at 1720.
kek
make it user
seeing the charts give lower and lower estimations of rewards is kinda messing with me ngl. the one posted in this thread is like a full 20% lower than the mcdonalds mn chart image. Will having 1 MN really be enough when there are 4000+ MN?
There won't be 4000+ masternodes.... You clearly haven't done any research.
The blockrewards is design to work like a see-saw. 45% to nodes 45% to staking
When nodes increase over staking then staking becomes more profitable, making more people stake etc. It goes both ways.
Now. The total circulating supply of XSN is
107285041.16282478
1 node = 15000
so 7152 Nodes max is currently possible. assuming balance (50-50 since the 10% treasury is not circulating)
If all the circulating supply was staking and in nodes at perfect balance it would be 3576 nodes.
Now. XSN is inflationary (very small inflation) HOWEVER the DEX does have a deflationary mechanic (not yet active). Let me explain
100% of the DEX fees will be used to buy XSN at market price. This creates buy pressure for holders btw.
Out of that 100% of fees, 10% of that xsn will be burnt, the rest will be distributed to nodes (in hydra. not sure how it will work before then)
And yes even with 4000+ nodes 1 is enough. Block rewards are only the DEFAULT. Include things later on such as trading fees (pic related) and things become very comfy. Now note that XSN is a blockchain and more Dapps will be built other than just the dex.
I mean you aren't wrong, Ive done very little hard research on XSN. Thanks for taking the time to explain it to me. Is that second image daily or monthly or yearly?
You are on mobile? The picture name says daily. Here is monthly.
nah im not phonefagging. I just didn't look. Ive been awake too long.
Go to sleep user. I probs sound rude but ive been spoon feeding retards on Zig Forums for months now. Remeber always DYOR, it's how you differentiate between a shitcoin scam and a legitimate moonshot.
thank you for the help though. working on my second node so ive done some amount of research, just not 100% on everything