Topic: Instant BTC + ETH Trading Made Possible By Stakenet - XSN - page 3. (Read 508 times)

The key here is "convenience". Anyone will be able to understand how it works, It's gonna be Uniswap on steriods, as transactions is instant, and very low on fees, which is why so many people are complaining about the platform all the time.

More and more volume is shifting towards decentralized exchanges, so there is TONS of liquidity available in the future.

It's been in open beta for less than 11 weeks and it already went from doing a few hundred in volume to 5 figures in USD.
The Simple Swap UI ('SSUI' for short) is looking great and increasingly more stable.

All one must do is:
1.) Open Stakenet Wallet
2.) Deposit BTC
3.) Click the 'Swap tab'
4.) Choose the coin of their choice (LTC/XSN/ETH-ERC coming soon)
5.) Execute the swap.

It automatically moves your Bitcoin to a LN channel, executes a Lightning atomic swap into the coin of your choice, then closes out the channel.

Completely non-custodial! No 3rd party will ever have ownership in any way of your funds. They are yours and yours to swap. 

Stakenet is by far one of the most promising projects I've seen as of lately. You'd have to have followed the project to truly understand it's potential, but I'll try to explain it briefly here.

Stakenet is working with 2 second layer protocols - The Lightning Network, and The Raiden Network. Both of these protocols makes BTC and ETH transactions instantaneous

Here's what they've achievved thus far:

1) They helped the Litecoin team with Lightning Network integration on the LTC chain.
2) Stakenet is the industry leader in terms of Lightning Network developments, building and improving the technology in a way that benefits everyone - Investors as well as consumers. Their new Lightning DEX, which is an integrated part of a multi currency wallet they've been working on for the past year is bound to be a huge success for the following reasons:

Speed
Ease Of Use
Option To Hold And Trade Multiple Coins
Trade Through Binance, Bittrex, Kraken and many other exchanges WITHOUT ever logging in to any of these exchanges.
- This is done through liquidity providers who runs trading API's anyone can tap into and use for their own, as well as the liquidity providers benefit.

The whole eco-system is ran by masternodes, who will do the dirty work (routing transactions back and forth over the Lightning Network + The Raiden Network), this means that Lightning + Raiden node operators already have an incentive to keep them running, since the masternodes is profitable to run from the get-go already.

USDT, Ethereum (and it's tokens) will be integrated as well.

This is just a small, yet important part of Stakenet.

Stakenet invented cold staking, which means that you can stake XSN through their "Trustless Proof Of Stake" protocol.

Please do yourself a favor, and watch this small presentation video which demonstrates how the DEX actually works:

https://www.youtube.com/watch?v=wSNFhFBKmsc