Hydranet - MEXC Kickstarter HDN Airdrop
Dear HydraLords, MEXC will not only be listing HDN on their exchange, they also offer a huge deal for participants in their MEXC Kickstarter event!
So, for anyone already holding MEXC MX tokens for 15 consecutive days, you can participate in their Kickstarter campaign and win from 352,942 HDN!
Win from a dedicated Airdrop pool of 352,942 HDN!
Find all the details on the official event page of MEXC:
https://www.mexc.com/support/articles/17827791511248
Also, if you plan on joining the MEXC exchange and want to further support Hydranet,
please consider using our official Hydranet referral code when registering: 1jfE4
https://mexc.com/register?inviteCode=1jfE4
Topic: Hydranet (HDN) - World’s First Layer 3 DEX - Connecting BTC to ETH - page 5. (Read 1373 times)
October 27, 2023, 10:58:29 AM
October 27, 2023, 06:24:27 AM
Hydranet - MEXC Listing
Twitter: https://x.com/TheHydranet/status/1717845631023108104?s=20
Through the continuous support of our community and the funds raised through related bond sales, the team was able to negotiate an HDN listing on the ever-growing and well-known CEX "MEXC"
MEXC is currently ranked #06 on Coingecko and will open HDN to an even larger audience. Although suggested, MEXC does not require KYC,
it offers easy and comfortable access and is one of the most preferred exchanges for users from North-America, Russia and other Asian countries.
MEXC registers an average of 7.6 Million visitors per month.
https://coingecko.com/en/exchanges/mexc
We are proud to represent our token on another top CEX and will continue to reach out to other major players in the field.
HDN will be ready for you to trade tomorrow at 12:00 AM UTC.
Note: If you plan on using MEXC, please make sure to use our official Hydranet referral code: 1jfE4
https://mexc.com/register?inviteCode=1jfE4
Please leave only as many funds on any CEX, as you intend to trade! Not your keys, not your coins!
Twitter: https://x.com/TheHydranet/status/1717845631023108104?s=20
Through the continuous support of our community and the funds raised through related bond sales, the team was able to negotiate an HDN listing on the ever-growing and well-known CEX "MEXC"
MEXC is currently ranked #06 on Coingecko and will open HDN to an even larger audience. Although suggested, MEXC does not require KYC,
it offers easy and comfortable access and is one of the most preferred exchanges for users from North-America, Russia and other Asian countries.
MEXC registers an average of 7.6 Million visitors per month.
https://coingecko.com/en/exchanges/mexc
We are proud to represent our token on another top CEX and will continue to reach out to other major players in the field.
HDN will be ready for you to trade tomorrow at 12:00 AM UTC.
Note: If you plan on using MEXC, please make sure to use our official Hydranet referral code: 1jfE4
https://mexc.com/register?inviteCode=1jfE4
Please leave only as many funds on any CEX, as you intend to trade! Not your keys, not your coins!
October 26, 2023, 07:26:38 AM
Hydranet - Mid Week Update
Estimated monthly costs to rent or run the required software/hardware for Hydranet DEX network actors:
Guardians: 0-5 USD
Lithium Rental Liquidity Providers: 5-20 USD
Titans: 500-1000 USD
More info:
Due to this great possibility of providing permissionless Lithium channel rental liquidity, the channel rental limits can be increased heavily once implemented. Because the available liquidity isn't dependent on the hub anymore, but on various individuals, offering their assets to provide liquidity.
On the Lightning-Bitcoin side, it is planned to onboard Lightning service providers, which will basically solve channel rental limit issues there.
Treasury Update:
Thanks to huge bond sales, the DAO treasury was able to reach > 100k USD for the first time. We appreciate your support!
Last but not least:
The CEX listing will take place soon, so fasten your seatbelts! 🚀
Estimated monthly costs to rent or run the required software/hardware for Hydranet DEX network actors:
Guardians: 0-5 USD
Lithium Rental Liquidity Providers: 5-20 USD
Titans: 500-1000 USD
More info:
Due to this great possibility of providing permissionless Lithium channel rental liquidity, the channel rental limits can be increased heavily once implemented. Because the available liquidity isn't dependent on the hub anymore, but on various individuals, offering their assets to provide liquidity.
On the Lightning-Bitcoin side, it is planned to onboard Lightning service providers, which will basically solve channel rental limit issues there.
Treasury Update:
Thanks to huge bond sales, the DAO treasury was able to reach > 100k USD for the first time. We appreciate your support!
Last but not least:
The CEX listing will take place soon, so fasten your seatbelts! 🚀
October 23, 2023, 02:46:14 PM
Hydranet - Weekly Update #81
Twitter: https://x.com/TheHydranet/status/1716525597592023441?s=20
Core DEX
- Continued adding more features to upcoming #DEX stats page
- Some smaller bug fixes
WebDEX
- Finished channels page design
- Started orderbook research
Tokenomics
- Published Tokenomics research update regarding Titans, Watchtowers, and Lithium LP
- Continued working on Tokenomics Simulator
- Started research for reputation/governance system
Marketing/PR
- Started working on Litepaper
- Started working on a forum for Hydranet #DAO improvement proposal discussions
- Upcoming $HDN CEX listing is scheduled for end of this week
Twitter: https://x.com/TheHydranet/status/1716525597592023441?s=20
Core DEX
- Continued adding more features to upcoming #DEX stats page
- Some smaller bug fixes
WebDEX
- Finished channels page design
- Started orderbook research
Tokenomics
- Published Tokenomics research update regarding Titans, Watchtowers, and Lithium LP
- Continued working on Tokenomics Simulator
- Started research for reputation/governance system
Marketing/PR
- Started working on Litepaper
- Started working on a forum for Hydranet #DAO improvement proposal discussions
- Upcoming $HDN CEX listing is scheduled for end of this week
October 23, 2023, 01:54:41 PM
This sounds absolutely sick, really wonder why I haven't heard of this before.
When was the project started, and did they do an ICO of some sort?
There are tons of DEX's out there, only one (afaik) that allows you to trade with actual BTC is Thorchain - Seems like they'll get some serious competition if this project succeeds.
When was the project started, and did they do an ICO of some sort?
There are tons of DEX's out there, only one (afaik) that allows you to trade with actual BTC is Thorchain - Seems like they'll get some serious competition if this project succeeds.
October 22, 2023, 08:03:42 AM
HDN Tokenomics - Research Update
Twitter: https://x.com/TheHydranet/status/1716057657881096342?s=20
TITANS:
Future hubs, enabling trading operations on the Hydranet DEX Network, will be called "Titans". They will have a limited quantity and require a significant HDN collateral to be operated, therefore their owners will be paid an appropriate share of the total Hydranet DEX and rental fees.
Titans will provide:
Run full blockchain nodes and provide blockchain data to the light clients
Provide rental liquidity and run an order-matching engine
GUARDIANS:
The Watchtowers responsible for monitoring and safeguarding the Hydranet Titans and all users' state channels, will be known as "Guardians." Their quantity will be larger, depending on how many hubs are in operation, but unlike the Titans, they necessitate a smaller HDN collateral commitment. As compensation for their role in maintaining network integrity and security, the operators will be paid a proportionate share of the Hydranet DEX Fees.
Guardians will provide:
Run Watchtowers for both the Lightning & Lithium networks
Monitor Titans' operations and punish them in case of misbehavior
LITHIUM RENTAL LIQUIDITY PROVIDERS:
We are currently developing the possibility for users to provide rental liquidity to EVM channels within the Hydranet DEX network. Users that choose to establish these liquidity pools for Lithium will further enhance the overall DEX liquidity and will therefore be rewarded with appropriate rental fees. To enforce uptime, we are currently researching if an HDN lockup might be useful too.
Summary:
- TITANS (Hubs) will be paid from DEX fees and rental fees
- GUARDIANS (Watchtowers) will be paid from DEX fees
- Lithium Rental Liquidity Providers will receive rental fee rewards
Governance, trading fee reduction, maximum supply, etc. will not be changed or affected.
More details will be provided in the next weeks and a complete tokenomics proposal will be published soon™️
Twitter: https://x.com/TheHydranet/status/1716057657881096342?s=20
TITANS:
Future hubs, enabling trading operations on the Hydranet DEX Network, will be called "Titans". They will have a limited quantity and require a significant HDN collateral to be operated, therefore their owners will be paid an appropriate share of the total Hydranet DEX and rental fees.
Titans will provide:
Run full blockchain nodes and provide blockchain data to the light clients
Provide rental liquidity and run an order-matching engine
GUARDIANS:
The Watchtowers responsible for monitoring and safeguarding the Hydranet Titans and all users' state channels, will be known as "Guardians." Their quantity will be larger, depending on how many hubs are in operation, but unlike the Titans, they necessitate a smaller HDN collateral commitment. As compensation for their role in maintaining network integrity and security, the operators will be paid a proportionate share of the Hydranet DEX Fees.
Guardians will provide:
Run Watchtowers for both the Lightning & Lithium networks
Monitor Titans' operations and punish them in case of misbehavior
LITHIUM RENTAL LIQUIDITY PROVIDERS:
We are currently developing the possibility for users to provide rental liquidity to EVM channels within the Hydranet DEX network. Users that choose to establish these liquidity pools for Lithium will further enhance the overall DEX liquidity and will therefore be rewarded with appropriate rental fees. To enforce uptime, we are currently researching if an HDN lockup might be useful too.
Summary:
- TITANS (Hubs) will be paid from DEX fees and rental fees
- GUARDIANS (Watchtowers) will be paid from DEX fees
- Lithium Rental Liquidity Providers will receive rental fee rewards
Governance, trading fee reduction, maximum supply, etc. will not be changed or affected.
More details will be provided in the next weeks and a complete tokenomics proposal will be published soon™️
October 19, 2023, 08:12:01 AM
Off-chain trading is the key component here. Try and do 50 trades on Uniswap, and tell me what kind of fees you'll pay, then compare those fees with Hydranets solution, you'll find, that you'll save A LOT of money.
This is a DEX, that gets you the feeling of trading on a CEX. It's superior to ANY DEX's out there.
well, can you back that up with some numbers, like... using the beta parameters?
October 19, 2023, 03:05:13 AM
As an HDN investor, I am very glad that you opened a topic in the forum. I've been following you on Twitter, but having you here would also be very helpful.
Same here. October 18, 2023, 09:21:00 PM
Why do we need another Dex? There are already 8,000 of them that no one uses...
This DEX doesn't compare with any other.
Most DEX's run on the Ethereum chain, and are limited to ETH tokens, ONLY. This means, you can't trade BTC, LTC, XRP, XMR, and many other coins, which run on their own native blockchain.
To combat this issue, they made "wrapped" versions of these, but you'd need to TRUST that the "peg" between wBTC, and BTC stays the same.
Furthermore, when the Ethereum chain becomes congested, (seen in the previous bullruns), the network cannot handle the volume, which sends the gas fees, through the roof.
Hydranets DEX, is trustless, trading between blockchains are near instant (BTC <=> ETH), and the fees are virtually pennies, on the dollar.
Uniswap is running through liquidity pools, they don't offer real BTC, transactions aren't instant, (so you can't run arbitrage bots properly), and the list goes on and on.
Off-chain trading is the key component here. Try and do 50 trades on Uniswap, and tell me what kind of fees you'll pay, then compare those fees with Hydranets solution, you'll find, that you'll save A LOT of money.
This is a DEX, that gets you the feeling of trading on a CEX. It's superior to ANY DEX's out there.
October 18, 2023, 07:31:27 PM
Why do we need another Dex? There are already 8,000 of them that no one uses...
October 18, 2023, 01:40:01 PM
As an HDN investor, I am very glad that you opened a topic in the forum. I've been following you on Twitter, but having you here would also be very helpful.
October 18, 2023, 12:19:22 PM
Website - Twitter - Discord - Telegram - Telegram ANNs
Full Linktree
HYDRANET (HDN)
Hydranet Core DEX
The original idea for the Hydranet DEX was to stay true to the decentralized spirit of the crypto movement - Trustless Financial Independence.
Hydranet interpreted this core idea as excluding any intermediaries and middlemen, eliminating the last great potential for fraud and deception.
This idea incorporates the goal to render bridges and wrapped assets obsolete. A thought that was deemed utopian for years has now become a reality.
After years of hard work and showcasing the world’s first off-chain native BTC - ETH swap, the Hydranet Core DEX was released as a downloadable desktop application to the public in September 2023.
Download the Hydranet Core DEX
Hydranet Web DEX
In an environment where Web3 solutions and applications are dominating the industry, creating a desktop client can be argued non-ideal.
However, when the Hydranet DEX development was kicked off, this was the only feasible option. Due to the lack of suitable layer 2 web nodes, it was technically impossible to realize a web-based platform.
To our excitement, this has since changed!
During the recent development of the Hydranet Core DEX, we put considerable effort into researching and developing the feasibility of running off-chain nodes in browser environments using two Spiral libraries called BitcoinDevKit (BDK) and LightningDevKit (LDK)
and therefore overcome the major limiting factor within the Lightning Network. On the EVM side, we were also lacking an off-chain protocol that would meet our requirements and simultaneously offer multi-node routing capabilities,
so the decision was made to develop our very own project-tailored protocol, named Lithium, which is already running on our internal WebDex test environment.
At this point in time, we are more than confident in our ability to mirror the capabilities of our Hydranet Core DEX to a Web DEX version and offer our users private and trustless trading of native coins and tokens within the comfort of a web and mobile-based solution!
Hydranet HDN Token
Project Hydranet is a DAO and uses its own Arbitrum token $HDN.
HDN is currently being used for voting on DAO proposals, submitted by DAO representatives (known as the Multi-Sig team), but as we are constructing the Hydranet DEX Network, the backbone of the Hydranet DEX, our token will gain even more features and privileges.
Our ultimate target is to operate the DEX on multiple Hubs and Watchtowers that will not only decentralize but also guarantee the independent operation of the Hydranet DEX Network.
To operate a Hub or Watchtower, HDN holders will need to lock a collateral of HDN. For securing the integrity of the Hydranet DEX Network, these Hubs and Watchtowers will be eligible to receive their share of trading fees, which will be distributed to their respective owners.
HDN holders who do not want to engage in either running a Watchtower or Hub will benefit from even lower trading fees, according to the amount of HDN they hold.
Further plans are in place, to implement a buy-back system, where DEX fees will be used to buy HDN from the market, thereby creating buy-pressure for the token.
Hydranet HDN Token Address
0x3404149e9ee6f17fb41db1ce593ee48fbdcd9506
HDN on Coingecko
Roadmap and Development
Roadmap View
Our updated roadmap for mid- and long-term goals is described in detail in this medium article:
Medium Roadmap Article
Technical Project Details
Full Linktree
HYDRANET (HDN)
Hydranet introduces a native, private, and trustless cross-chain trading technology facilitated by Layer-2 technologies such as the Lightning and Connext Vector Networks, combined in our very own platform, the Hydranet DEX.
This framework enables direct and native exchanges between $BTC and $ETH blockchains without reliance on intermediary bridges or wrapped assets.
Through off-chain transactions, users benefit from minimized fees and rapid confirmation times, contrasting with the protracted process of any on-chain equivalents.
The Hydranet DEX platform offers a CEX-like experience and interface, featuring not just an order book,
but also Single Click Simple Swaps. At the same time, users maintain complete control over their assets.
Embrace KYC-free trading and assert full ownership through absolute retention of your private keys!
This framework enables direct and native exchanges between $BTC and $ETH blockchains without reliance on intermediary bridges or wrapped assets.
Through off-chain transactions, users benefit from minimized fees and rapid confirmation times, contrasting with the protracted process of any on-chain equivalents.
The Hydranet DEX platform offers a CEX-like experience and interface, featuring not just an order book,
but also Single Click Simple Swaps. At the same time, users maintain complete control over their assets.
Embrace KYC-free trading and assert full ownership through absolute retention of your private keys!
Hydranet Core DEX
The original idea for the Hydranet DEX was to stay true to the decentralized spirit of the crypto movement - Trustless Financial Independence.
Hydranet interpreted this core idea as excluding any intermediaries and middlemen, eliminating the last great potential for fraud and deception.
This idea incorporates the goal to render bridges and wrapped assets obsolete. A thought that was deemed utopian for years has now become a reality.
After years of hard work and showcasing the world’s first off-chain native BTC - ETH swap, the Hydranet Core DEX was released as a downloadable desktop application to the public in September 2023.
Download the Hydranet Core DEX
Hydranet Web DEX
In an environment where Web3 solutions and applications are dominating the industry, creating a desktop client can be argued non-ideal.
However, when the Hydranet DEX development was kicked off, this was the only feasible option. Due to the lack of suitable layer 2 web nodes, it was technically impossible to realize a web-based platform.
To our excitement, this has since changed!
During the recent development of the Hydranet Core DEX, we put considerable effort into researching and developing the feasibility of running off-chain nodes in browser environments using two Spiral libraries called BitcoinDevKit (BDK) and LightningDevKit (LDK)
and therefore overcome the major limiting factor within the Lightning Network. On the EVM side, we were also lacking an off-chain protocol that would meet our requirements and simultaneously offer multi-node routing capabilities,
so the decision was made to develop our very own project-tailored protocol, named Lithium, which is already running on our internal WebDex test environment.
At this point in time, we are more than confident in our ability to mirror the capabilities of our Hydranet Core DEX to a Web DEX version and offer our users private and trustless trading of native coins and tokens within the comfort of a web and mobile-based solution!
Hydranet HDN Token
Project Hydranet is a DAO and uses its own Arbitrum token $HDN.
HDN is currently being used for voting on DAO proposals, submitted by DAO representatives (known as the Multi-Sig team), but as we are constructing the Hydranet DEX Network, the backbone of the Hydranet DEX, our token will gain even more features and privileges.
Our ultimate target is to operate the DEX on multiple Hubs and Watchtowers that will not only decentralize but also guarantee the independent operation of the Hydranet DEX Network.
To operate a Hub or Watchtower, HDN holders will need to lock a collateral of HDN. For securing the integrity of the Hydranet DEX Network, these Hubs and Watchtowers will be eligible to receive their share of trading fees, which will be distributed to their respective owners.
HDN holders who do not want to engage in either running a Watchtower or Hub will benefit from even lower trading fees, according to the amount of HDN they hold.
Further plans are in place, to implement a buy-back system, where DEX fees will be used to buy HDN from the market, thereby creating buy-pressure for the token.
Hydranet HDN Token Address
0x3404149e9ee6f17fb41db1ce593ee48fbdcd9506
HDN on Coingecko
Roadmap and Development
Roadmap View
Our updated roadmap for mid- and long-term goals is described in detail in this medium article:
Medium Roadmap Article
Technical Project Details
- The Hydranet Core DEX uses the Lightning Network for Bitcoin and the Connext Vector Network for EVM-based assets for its off-chain implementation.
- All trades on the Hydranet DEX are performed off-chain and are secured using Hashed TimeLock Contracts (HTCL). The HTCL ensures that either both trading participants or none of them receive the agreed-upon funds.
- The Hydranet DEX comprises a self-custodial wallet and adheres to the BIP39 standard for creating and securing mnemonic phrases.
- The Hydranet DEX Network is currently composed of one Hub, which is more than enough to highlight the capabilities of the solution.
- The Hydranet DEX will be available directly from your favorite browser, with the relevant off-chain nodes running within this browser.
- The Hydranet DEX will integrate Lightning Service Providers to improve liquidity provisioning and gain access to the entirety of the Lightning Network
- Project Hydranet’s EVM off-chain protocol Lithium is inspired by the Connext Vector protocol but improved in terms of off-chain transaction times, multi-routing capabilities, and Watchtower functionality
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