Topic: Stakenet - Next short term 10x - Here's why. - page 8. (Read 2258 times)

Exchange listings costs a fortune, and is generally not worth it if it blows all the dev money, which could be spent wiser on development. The DEX itself will be the hot spot to buy XSN on the short term, long term they will build partnerships with bigger venture capital firms to get funding for stuff like exchange listings.

If you compare a project like Stakenet, with a lot of the top 100 projects on Coinmarketcap, you could easily (from a technological view) put Stakenet at rank 60 or so for what they've accomplished. Which with a current marketcap of $3.5 puts them in a high ROI position.

Speculating on projects is dangerous and risky, but that's all a part of the game.

I thought people were more mature and didn't believe in things like 10X and you are talking about 50X? this is very exaggerated optimism and the kind of thing that is not recommended. you should look for safer projects that are already established in the market so that at least you have a decent profit but without taking too many risks. I pointed out the fact that this project was not listed on many exchanges and saw some arguments on that subject here in that thread, but they are arguments that do not convince me.

Pretty impressed with the UI, as well as the quality of the overall dApp. I can easily see this take off, from the fact that it's so user friendly, and quick to to navigate around and trade.
If this get's released onto a mobile app, I'm sure it could take off with ease.

There are tons of mobile wallets out there for a lot of coins, but a multi currency wallet, with the ability to trade trustlessly, is one thing I haven't seen before.

Just saw this video demonstrating the DEX and BTC => LTC Off-chain Swaps. Completely mind blown with this project. WOW!

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

Just traded BTC/LTC on the Stakenet DEX, and it was SO FAST, pretty much instant as any other centralized exchange. If more projects implements the Lightning Network on their chain, oh boy does it open the doors to a lot of peer 2 peer instantaneous trading.

This is not a 10x, but much more a 50x if it takes off. Not even kidding....

Well, that's what they claim to do, but in reality they don't want to list projects that competes with them, which kind of makes sense, don't you think?

Sure they're under the radar, once they get this DEX up and running, and implement their DEX Aggregator, which will combine DEX orderbooks through API's, you'll be able to trade with a TON of liquidity. This will benefit all existent DEX's running today, as well as the masternodes running the Stakenet DEX.

Exciting times ahead, exchanges is the least of my worries right now.

They are under the radar because they are listed in one unknown exchange and on one exchange with a lot of bad reports, if this project is really that good, they will not have a hard time getting to big exchange, there are big exchange which focus on the features and the potential of the project, they will cut the listing fee if they deserve to be in their platform.

I agree with what you say. and I will participate in the stakenet program. and hopefully this project runs according to what we all want.

This project is not indexed on good exchanges. Only shit. It should be on Tradeogre, Stex, Qtrade ... exchanges, even small but which attract more attention.

True words spoken here.
NEVER keep any coins on exchanges, and you'll be good. Livecoin is one of the only "good" exchanges out there, STILL not demanding mandatory KYC, which is a huge benefit for me, since I care about privacy.

Once the Stakenet DEX opens it's doors, I'm pretty much done with Livecoin though, unless I need some obscure coin, which is highly unlikely. 

Getting "listed on reputable exchanges" usually means "bribing gatekeepers". Do you know how much they charge just to get listed?
They act like they only list the good projects, but all their synergy and cooperation is bought and paid for.

I don't entirely trust Livecoin, but I've been using it on and off for 2 years and never had much trouble. It's a good, straight to the point non-KYC exchange.

Immediately transfer any crypto you buy off off off the exchanges and you'll be ok. Always have a zero balance on your exchange when you log out. I used Cryptopia throughout 2018 with this approach so I never lost a thing when it got hacked.

1) I never had any problems with Livecoin, and been using it weekly for the past 3 years. Livecoin isn't the most reputable exchange, and overall NOBODY should hold their coins on an exchange like the guy did in the thread you just posted. Don't understand why they would block his account though.

2) Exchange listings costs a TON of money, and Stakenet never held an ICO, meaning they don't sit on MILLIONS of dollars to blow at these exchanges. They are soon releasing their fully flexed Lightning DEX, which will hopefully yield some profits to the devs in terms of fees from the network. Doesn't make sense to pay 1 million dollar for an exchange listing, when their overall goal is to be a decentralized project. They are constantly applying for exchanges though, so I'm sure XSN will be listed on more exchanges down the road.

The main focus however is on the DEX itself right now

I know it's been a while, but I want to warn you about this:

Livecoin.net Scam

---

if i'm not making any mistake this project is from march 2018, i saw it here:

[ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin

why only have 2 exchanges? it seems that the creators of this project are not concerned with having their altcoin listed on reputable exchanges. In this current situation it forces people to have to be dependent on exchange like livecoin which is definitely not a good thing

I think it has a pretty bright future ahead of it 

Hopefully a lot of people will start using it. I hope their DEX Aggregator will be ready for the public release, since it provides a ton of liquidity from other DEX's, since it pretty much combines order books to add liquidity.

If everything turns out right, I wont use a centralized exchange again, unless I need some obscure altcoin obviously.

When this launches, I can rest well knowing that I will probably never send my Bitcoin to an untrustworthy exchange ever again 

Nice to see this beast of a project gain in satoshi today, on top of the BTC rise, which made it gain with more than 20%.

I'm sure once the DEX itself is released, that we'll see growth on a much larger scale, as use case is the defacto here.

Thanks for your insight man. You clearly know a lot about the scaling issues we've seen, and how Lightning can solve this moving forward. Lightning in itself on BTC doesn't seem like a profitable thing for node owners, but when you enable it on already profitable masternode servers, it's another story.

Pretty exciting to see where this is going, the latest major crash, didn't do nothing to price in satoshi, which is pretty awesome!

There's no doubt in my mind that XSN could massively explode one day. It really blows my mind why this project has such a low marketcap still. Once the DEX is out, I'm sure a LOT of people will start using it, for convenience sake, as the DEX itself is integrated into a multi currency wallet.

I'm in XSN and have been since the swap from PoSW.
For some perspective, buying POSW was my biggest regret in 2017. My bags became so worthless that they weren't even worth selling. It had working products in the form of a centralized exchange and a staking service, but the implementation was messy and ultimately unsustainable. Ironically, XSN is my favorite coin and I consider myself lucky to have discovered it completely by accident. I'm buying a little more today, in fact.

The X9 Developers took over the project a little more than 2 years ago with a significantly more comprehensive idea to embed Lightning nodes into their MN network and then use the liquidity of each masternode to execute heavy-hitting orders quickly. It's the best implementation of Lightning I've seen. It's fast, effective, and provides a theoretically unlimited quasi-centralized pool of funds in a completely decentralized manner. If it takes off - mind you, I do believe it will - their implementation will make it very easy for anyone to use Lightning without the need for additional hardware.

On that note, it could be argued that Lightning isn't profitable enough to justify on it's own. At the very least, it could be argued that Lightning isn't profitable enough to be anything other than complimentary to something else unless it is done on a very massive and centralized scale. Stakenet has a tremendous advantage here as the masternodes already perform several other profitable jobs in addition to routing LN payments.

Put briefly:
Purely decentralized network that runs a code-agnostic interchain exchange with all the benefits of Lightning and centralization without the need for hardware add-ons.

It's brilliant and it raises the bar in a way that truly honors the Cypherpunk Manifesto like XMR and Bitcoin did.