Topic: [HDN] Hydranet - The Worlds First Layer 3 DEX. Trade with next to ZERO fees! (Read 281 times)
December 01, 2023, 12:24:32 AM
The Official Hydranet Topic is in Tokens (Altcoins): https://bitcointalksearch.org/topic/hydranet-hdn-worlds-first-layer-3-dex-connecting-btc-to-eth-5470817
October 03, 2023, 06:47:05 AM
well, i do have to say that i've heard more and more about it .. especially since the DEX came out (BETA phase, but still, it's out and it works). I'm wondering why it's still so unknown 
... but i do like that they launched in a bear market... they have confidence.
... but i do like that they launched in a bear market... they have confidence. August 13, 2023, 08:21:36 AM
I've been following the project for some time and really hyped for mainnet!
August 10, 2023, 10:20:05 PM
When does the mainnet version of this DEX roll out? It seems interesting. 
Is the max supply capped, or do the devs have any plans to change it later?
Is the max supply capped, or do the devs have any plans to change it later?
The supply is capped at 300 mio. Fees on the DEX will be used to buy-back HDN, and burn them off the total supply. So depending on volume, the supply will be deflationary.
The DEX is ready when it's ready, it has been stated many times on their Discord, that they dont want to release anything that doesn't work like 99,9% of the time. Should be ready by Q3 at the latest I believe.
August 02, 2023, 09:10:30 PM
When does the mainnet version of this DEX roll out? It seems interesting.
Is the max supply capped, or do the devs have any plans to change it later?
Is the max supply capped, or do the devs have any plans to change it later?
August 02, 2023, 12:38:41 AM
From the look out of things are you partially connected with the project owner or you are making this post as a paid individual?
How come I never had of this project before or maybe I can say since I am not active on twitter I wouldn't get the information and sometimes whenever a new project is being mentioned got surprised. But I what understand most times is that I pay less attention to altcoin since I had this mindset that altcoin are there to cause confusion as a bitcoin hold you wouldn't know when you could convert your bitcoin to buy altcoin that are not trusted.
How come I never had of this project before or maybe I can say since I am not active on twitter I wouldn't get the information and sometimes whenever a new project is being mentioned got surprised. But I what understand most times is that I pay less attention to altcoin since I had this mindset that altcoin are there to cause confusion as a bitcoin hold you wouldn't know when you could convert your bitcoin to buy altcoin that are not trusted.
Been an investor in the project since it started pretty much, and its safe to say that I'm ALMOST all in on this one, which I DO NOT recommend anyone out there to do.
This project solves ALL the problems I see with crypto right now, which is why I'm SO confident that it will be a HUGE performer long term.
1) It puts and end to outrageous trading fees, compared with other DEX's, since they use 2nd layer channels.
2) Easy to use, convienient. Anyone who used the Exodus desktop wallet back in 2017, remembers how EASY and convenient it was to exchange assets on the fly, without KYC.
Hydranet built a feature called "Simple Swap", which is pretty much the same.
3) The marketcap is ridiculously LOW. There are projects in the top 50, with a marketcap in the billions with NO product, and here you have a project with one of the most ground breaking products in the crypto spare, with a marketcap around 20 million.
The upside here is, insane, which is why I wanted to share as much info as possible, so anyone reading this can do their own research, and ask questions etc.
July 26, 2023, 04:35:10 AM
Of course, I can only speak for myself at this point, because I don't know the OP. To ensure 100% transparency on my part: I have been accumulating tokens of this project since 2018, so I am definitely biased. However, I have no connections to anyone involved in the development of the project and I'm not paid for writing here. I'm just a silent reader on Discord to keep myself informed about the status.. sometimes I ask questions.
The reason one specifically has not heard anything about Hydranet, or the token HDN at this point, has different reasons, in my opinion:
I became aware of the project in 2018 through a user named "Jumperbillijumper". At that time, I was particularly interested in the topic of consensus building in conjunction with blockchains and this project then had the intention to develop its own Layer-1 Chain, with its own consensus mechanism "Trusted Proof-of-Stake/TPoS". Here is a very old video of the user on this: https://youtu.be/suM6EQG9QXg
Later, other YouTubers from the German-speaking area also addressed the project: https://youtu.be/dyL0hasDGT0
But as already mentioned, the team bit off more than they could chew with the development of a complete Layer-1 Chain and had no spare resources to focus on the actual feature, a Layer-3 DEX based on Lightning/Connext. Therefore, the project was relaunched and rebranded a little over a year ago. Stakenet/XSN then became Hydranet/HDX.
A few weeks ago, it was decided that the token symbol HDX was unfortunately chosen, as it was already used by another project. Therefore, the symbol was changed from HDX to HDN.
It must be said that marketing was not the team's strength so far. Add to that, Cryptopia and LiveCoin had a significant share of the trading volume at times, both of which, as is well known, were "hacked". Token Hodlers therefore did not necessarily always have luck with their investment, regardless of the project. Although we all know: not your keys, not your coins!
Nevertheless, one has to give credit to the team for not being deterred by any bear market since 2018. The foresight, the perseverance and the uniqueness speak for me personally primarily for the project!
Of course, these are only the impressions/experiences of someone who has invested in this project. As always, do your own research!
There is also a Medium, but I don't know how frequently they update it: https://medium.com/@Hydranet
May I ask where exactly you read that it is possible to trade without L2? Because as far as I understood, the exact opposite is the case: different L2s are connected (via Lightning/Connext) and that's exactly where the magic happens:
https://docs.hydranet.ai/blog/how-does-the-hydranet-dex-work
https://i.ibb.co/b2C21rw/Hydranet-Workflow.png
The reason one specifically has not heard anything about Hydranet, or the token HDN at this point, has different reasons, in my opinion:
I became aware of the project in 2018 through a user named "Jumperbillijumper". At that time, I was particularly interested in the topic of consensus building in conjunction with blockchains and this project then had the intention to develop its own Layer-1 Chain, with its own consensus mechanism "Trusted Proof-of-Stake/TPoS". Here is a very old video of the user on this: https://youtu.be/suM6EQG9QXg
Later, other YouTubers from the German-speaking area also addressed the project: https://youtu.be/dyL0hasDGT0
But as already mentioned, the team bit off more than they could chew with the development of a complete Layer-1 Chain and had no spare resources to focus on the actual feature, a Layer-3 DEX based on Lightning/Connext. Therefore, the project was relaunched and rebranded a little over a year ago. Stakenet/XSN then became Hydranet/HDX.
A few weeks ago, it was decided that the token symbol HDX was unfortunately chosen, as it was already used by another project. Therefore, the symbol was changed from HDX to HDN.
It must be said that marketing was not the team's strength so far. Add to that, Cryptopia and LiveCoin had a significant share of the trading volume at times, both of which, as is well known, were "hacked". Token Hodlers therefore did not necessarily always have luck with their investment, regardless of the project. Although we all know: not your keys, not your coins!
Nevertheless, one has to give credit to the team for not being deterred by any bear market since 2018. The foresight, the perseverance and the uniqueness speak for me personally primarily for the project!
Of course, these are only the impressions/experiences of someone who has invested in this project. As always, do your own research!
There is also a Medium, but I don't know how frequently they update it: https://medium.com/@Hydranet
I want to ask you that how does it really make it as DEX if the trades are happening off chain? because it says assets can be traded without the L2 layer which seems impossible.
May I ask where exactly you read that it is possible to trade without L2? Because as far as I understood, the exact opposite is the case: different L2s are connected (via Lightning/Connext) and that's exactly where the magic happens:
https://docs.hydranet.ai/blog/how-does-the-hydranet-dex-work
https://i.ibb.co/b2C21rw/Hydranet-Workflow.png
July 26, 2023, 03:45:34 AM
This one is a hidden gem, the potential here is massive, considering it's insanely low marketcap still. If it gets a marketcap similar to Uniswap eventually, you're looking at $26/token, and that's in a bear market 
You know such comparisons happen pretty often, compare some new thing with already established one and make price predictions according to that. However, rarely do such projects last. Let's see how long Hydranet does.
July 25, 2023, 05:07:59 PM
From the look out of things are you partially connected with the project owner or you are making this post as a paid individual?
How come I never had of this project before or maybe I can say since I am not active on twitter I wouldn't get the information and sometimes whenever a new project is being mentioned got surprised. But I what understand most times is that I pay less attention to altcoin since I had this mindset that altcoin are there to cause confusion as a bitcoin hold you wouldn't know when you could convert your bitcoin to buy altcoin that are not trusted.
How come I never had of this project before or maybe I can say since I am not active on twitter I wouldn't get the information and sometimes whenever a new project is being mentioned got surprised. But I what understand most times is that I pay less attention to altcoin since I had this mindset that altcoin are there to cause confusion as a bitcoin hold you wouldn't know when you could convert your bitcoin to buy altcoin that are not trusted.
July 25, 2023, 12:59:28 PM
I want to ask you that how does it really make it as DEX if the trades are happening off chain? because it says assets can be traded without the L2 layer which seems impossible.
And also you should have mentioned that the project is still in testnet not on main-net.
And also you should have mentioned that the project is still in testnet not on main-net.
July 25, 2023, 08:55:45 AM
Yes, that's exactly what I think too! I've been following the project since 2018. Back then it was still XSN, or Stakenet, and they had developed their own Layer-1 Chain, which apparently tied up a lot of resources. Reinventing the wheel in this regard might have been a bit over the top! Since they rethought and reoriented themselves a little over a year ago, everything has been running perfectly and the development of their main unique feature, the Layer-3 DEX, is advancing incredibly quickly. I also feel that the team has matured over time and is now working at the highest level of professionalism.
And I can only agree with the previous speaker: the potential, or the technical advantages that this project brings, are in no way proportional to its current market capitalization. The security and transparency of a DEX paired with the efficiency of Lightning/Connext... plus the first-mover advantage. I don't know what more needs to be said about that.
Telegram: https://t.me/hydranetofficial
Discord: https://discord.gg/hydranet
And I can only agree with the previous speaker: the potential, or the technical advantages that this project brings, are in no way proportional to its current market capitalization. The security and transparency of a DEX paired with the efficiency of Lightning/Connext... plus the first-mover advantage. I don't know what more needs to be said about that.
Telegram: https://t.me/hydranetofficial
Discord: https://discord.gg/hydranet
July 25, 2023, 08:07:35 AM
Please, share your discord or telegram channels
July 24, 2023, 09:05:04 PM
Hydranet is for some absurd reason going completely under the radar for most people, and I honestly don't understand how a project as this one is valuated anything LESS than 200-300 mio marketcap, without exaggerating
They've built their own multi currency light wallet, supporting: ETH, BTC, LTC, USDC, USDT, HDN and more will follow.
Within this wallet, you can send/recieve/trade your assets without compromising on your custody of these. This project makes use of The Lightning Network, and Connext (similar to Lightning, but built for Ethereum), meaning you can trade for PENNIES, pretty much instantly.
This means, you can trade native BTC for ETH, without bridging between chains, or by using wrapped assets, such as wBTC.
For anyone who has ever traded on Uniswap, especially during the bullruns, fees can run up to CRAZY amounts, which sucks!
This beast of a DEX is going public this quarter, which is why it has been one of the most appreciating assets over the past week.
Hydranet is built on Arbitrum. The token itself is not needed to use the DEX, but holders are getting up to 25% fee reduction while trading, which is pretty awesome if you're running bots with huge volume.
The DEX itself will also use the trading fees for buy-backs, similar to how Binance does it. Only difference is, fees collected are used to buy HDN, which is then burned from the total supply.
Website: https://hydranet.ai/
Coinmarketcap: https://coinmarketcap.com/currencies/hydranet/
This one is a hidden gem, the potential here is massive, considering it's insanely low marketcap still. If it gets a marketcap similar to Uniswap eventually, you're looking at $26/token, and that's in a bear market
The only down side for this project is, that the DEX itself isn't web-based. There's no such thing as web-based Lightning nodes (yet), but who knows, the possibilities are endless.
If you remember the Exodus wallet back in time, where you could swap your coins whenever you felt like it, without KYC - This works practically the same way, using the "Simple Swap" feature, which is for newbies, who don't want to use the actual DEX.
They've built their own multi currency light wallet, supporting: ETH, BTC, LTC, USDC, USDT, HDN and more will follow.
Within this wallet, you can send/recieve/trade your assets without compromising on your custody of these. This project makes use of The Lightning Network, and Connext (similar to Lightning, but built for Ethereum), meaning you can trade for PENNIES, pretty much instantly.
This means, you can trade native BTC for ETH, without bridging between chains, or by using wrapped assets, such as wBTC.
For anyone who has ever traded on Uniswap, especially during the bullruns, fees can run up to CRAZY amounts, which sucks!
This beast of a DEX is going public this quarter, which is why it has been one of the most appreciating assets over the past week.
Hydranet is built on Arbitrum. The token itself is not needed to use the DEX, but holders are getting up to 25% fee reduction while trading, which is pretty awesome if you're running bots with huge volume.
The DEX itself will also use the trading fees for buy-backs, similar to how Binance does it. Only difference is, fees collected are used to buy HDN, which is then burned from the total supply.
Website: https://hydranet.ai/
Coinmarketcap: https://coinmarketcap.com/currencies/hydranet/
This one is a hidden gem, the potential here is massive, considering it's insanely low marketcap still. If it gets a marketcap similar to Uniswap eventually, you're looking at $26/token, and that's in a bear market
The only down side for this project is, that the DEX itself isn't web-based. There's no such thing as web-based Lightning nodes (yet), but who knows, the possibilities are endless.
If you remember the Exodus wallet back in time, where you could swap your coins whenever you felt like it, without KYC - This works practically the same way, using the "Simple Swap" feature, which is for newbies, who don't want to use the actual DEX.
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