How are you guys doing? Are you still trying to FUD XSN? Because that's all I'm seeing.
Stakenet's DEX has seen some pretty impressive stress tests among BTC + ETH transactions as of lately.
Instant BTC transactions works smoothly. It's really mind blowing to trade BTC for LTC instantly, and anyone who hasn't tried it yet, should. Join the Stakenet Discord server, download the dApp, and try it out for yourself.
ETH is being implemented, and it looks like it wont take long before we've got a fully functional second layer DEX; which can access all major CEX's in terms of liquidity.
This basically means you can trade your BTC or ETH for any ALT of your choice, and get the BEST price as you've got all exchanges available to you through liquidity providers.
No need to login to Binance, Kraken, or Bittrex anymore, you've got ALL the liqudiity you need in ONE dApp. Sounds too good to be true? I challenge anyone who doubts this, to try it out.
The ONLY thing that holds this project back is the fact that it's not listed on any of the major exchanges (yet).. Devs doesn't want to pay Binance a million dollars to do that, when XSN itself can be traded at the epicenter of their own DEX, with all the liquidity you can ask for.
Makes sense right?
Keep fudding this project, those who did their research knows it's a hidden gem, that will likely more than 100x by next year (due to the golden bullrun getting closer).
Connext integration and Public release, then moon 2.0 is when Hydra gets a date
Nathan Jackson
There are many indications that it will be Bitfinex. No listing fees for valuable projetcs, have lightning network implemented and great API for external integration. Go Stakenet!
Lincoln Rogers
I'm pretty sure it's not that exchange as they gotta pay to get listed. From what I know...but I won't say anymore.
Asher Green
Oh i thought they had done some private ones!
Jason Powell
The devs have I suppose, but it isn't in closed beta testing yet
Hudson Hughes
bitfinex is a listing 10x, ontop of a trading 10x
so... 100x
Jackson Wood
raiden was about 99% finished. what happened?
Elijah Baker
dev team lies happened The coin is promising but the team keeps breaking promises so it's not worth a lot.
Isaiah Cook
The team broke no promises. They were working on integrating Raiden but there were limitations specific to Raiden that were holding them back so they moved to Connext as it is a far superior platform for their uses. They have said already that they believe this will significantly decrease development time over Raiden.
Samuel Wright
don't think the team every said that. Think they said they were moving with Raiden & other level 2 tech
Adam Foster
they said it will be released with 4.04?! dont recall exactly but it made the impression that raiden is just around the corner
Jackson Williams
>exchange provides high liquidity Wow, are they gonna list on uniswap lmao ALL IN
Tyler Long
why have they never mentioned they wwere having trouble with raiden,why did they mislead their investors?
also tf is up with cucknet, after hydra they stole prometheus???
Ryan Flores
XSN isn't an erc20 token. They could create a wrapped asset i guess or some shit
Brandon Nelson
IIRC, they mentioned that it wasn't working for windows at that point due to it being written for Linux essentially. Cucknet are continuing to be suckling on the breast of Stakenet, nothing new. They were going to add the simple swap UI in 4.0.4 was my understanding. Some spastic has made one called XSN lol but whilst you're right they could I really really doubt they would as a large part of the philosophy behind the DEX is avoiding use of wrapped assets wherever possible
Levi Green
don't you mean posw?
William Jones
No
Jose Lee
XSN is 80% of my portfolio, bought in heavily at 600 sats.
John Clark
It's absolutely not a scam or the same as SUSHI. The token is needed to incentivise investors to host hubs so that any DApps running are decentralized. So the value of the token is based on fees from running DApps such as the DEX and from the block rewards you get from staking I suppose if you want to think of it in a RoI manner. If people did not run masternodes it wouldn't be decentralized. Also has it's own blockchain, so it has that over SUSHI. XSN IS going to be used for swaps. You are very stupid.
Jason Barnes
Lol. You have no idea what you're talking about. That is why you must call me names. XSN has nothing to do with swaps. It is useless. A trader does not need to buy XSN to use the DEX. That would be stupid. Having its own blockchain is not an advantage. Hubs don't need XSN for purpose of DEX. That would be stupid. Lol and used to run masternodes? Why are masternodes necessary? Does Uniswap run masternodes? Do you see how stupid this sounds?
Zachary Fisher
>stress tests among BTC + ETH transactions as of lately. Classic XSN. Lying right out the gate, kek.
Justin Robinson
XSN does have to do with swaps. It is an integral part of swaps when the DEX is migrated to running off the MNs. You are right that a trader does not need to buy XSN to use the DEX, however it doesn't mean that XSN isn't utilized behind the scenes to facilitate the trade. Masternodes are a way of distributing the computing power required to run DApps like the DEX, as well as PoS earnings. >There is another, utterly inferior in concept product that doesn't use Masternodes!! SEE HOW STUPID YOU SOUND!! Uniswap isn't perfect. It has some advantages but it has extremely high fees, is completely bound to the Ethereum blockchain etc. The devs were performing reliability testing of Connext for around a month. Pretty poor wording from OP but I think this is what they are referring to
Josiah Rogers
But XSN is not needed to facilitate a trade, just like UNI token is not needed to facilitate a trade. Uniswap was working just fine before it issued a token. I'm not arguing the merits of the DEX. The DEX may be fine, but the value of XSN is 0.
Easton Rogers
Masternodes act as liquidity providers for trades. All trades performed with the MNs are done in XSN. It's value is absolutely not 0 as it's integral to the running of the DEX.
Isaiah Miller
Ah yes the coin will be worth 0 once madternodes are collecting dex fees and xsn is being burned. Makes sense.
James Robinson
Think about what you're saying for a minute. How do masternodes provide liquidity for trades? By what mechanism? Who is going to give them the tokens and why?
Alexander Jenkins
IMagine it like BTC-ETH is BTC-XSN-ETH
Parker Cook
Lightning nodes have bitcoin. Xsn nodes have xsn.
Jeremiah Cook
Like yeh value of uni tokens ? Nope
Christian Cruz
You didn't really answer my question. I'm not sure you understand how it works. I suggest that you read more to get a better understanding. You're learn one way or the other, the hard way or the easy way, but the choice is yours.
