I guess once Ethereum is integrated and you can trade BTC => LINK instantly that people will actually take notice, haha.
On top of that a new top tier exchange will certainly help as well, which is coming soon
Any idea which one this could be?
Topic: Stakenet (XSN) The KING of DEFI - Scaling solution for BTC and ETH - page 2. (Read 803 times)
December 01, 2020, 04:21:08 PM
I guess once Ethereum is integrated and you can trade BTC => LINK instantly that people will actually take notice, haha.
On top of that a new top tier exchange will certainly help as well, which is coming soon
Any idea which one this could be?
December 01, 2020, 01:27:30 PM
-snip-
This stakenet and a bunch user like @OP trying to shiling this token on different board.I already see a lot of thread about stakenet on almost trading/altcoin board, now they are shining the token by giving some statement about "DeFI" when right now this type investment was quite popular.
Looking at the pattern we can simply find the Idea of them shilling for this Riding for the popularity project.
Almost every New token are Pointing the Congestion in Bitcoin transactions Whenever there is a Hype ,But the truth is they are only gathering a prospective Victims.
It's sad that no one with influence is talking about what Stakenet DEX is doing. It's got a lot of promise to it as an L2 DEX that can swap real BTC and LTC for real ETH and ERCs off-chain, but most with influence in crypto continue to promote all the layer 2 components XSN is employing (i.e. Lightning Network or L2 ETH solutions) without giving them an ounce of recognition, or they back Uniswap clones with lots of ICO money instead.
I guess once Ethereum is integrated and you can trade BTC => LINK instantly that people will actually take notice, haha.
On top of that a new top tier exchange will certainly help as well, which is coming soon
November 30, 2020, 07:00:00 PM
-snip-
This stakenet and a bunch user like @OP trying to shiling this token on different board.I already see a lot of thread about stakenet on almost trading/altcoin board, now they are shining the token by giving some statement about "DeFI" when right now this type investment was quite popular.
Looking at the pattern we can simply find the Idea of them shilling for this Riding for the popularity project.
Almost every New token are Pointing the Congestion in Bitcoin transactions Whenever there is a Hype ,But the truth is they are only gathering a prospective Victims.
It's sad that no one with influence is talking about what Stakenet DEX is doing. It's got a lot of promise to it as an L2 DEX that can swap real BTC and LTC for real ETH and ERCs off-chain, but most with influence in crypto continue to promote all the layer 2 components XSN is employing (i.e. Lightning Network or L2 ETH solutions) without giving them an ounce of recognition, or they back Uniswap clones with lots of ICO money instead.
November 30, 2020, 12:56:35 PM
There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
They are on-chain DEX's, which means high trading fees, and slow trading.
Doesn't compare the slightest to Stakenet
What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here.
I just made an inquiry for you. And got a little more explanation about your question here:
Onchain DEXs: eg Komodo DEX, uniswap, block dex etc: atomic swaps that happen onchain. So they are limited to blocktime (btc blocktime: 10 minutes), every swap has to be confirmed by every miner, so you have to pay a normal transaction fee to the miners (rember Uniswap fees in july which were like 50-100 USD swap), is not very private as you can see every adress in every explorer and not scalable
Offchain DEX: eg Stakenet Dex, they are using Lightning Network and Connext. These are layer 2 solutions, so it is network built on Blockchains (layer 1 == massive security by mining power), a network between nodes. So no miners are involved here, it is offchain=> more privacy as every tx is only stored in your node, never gets broadcasted to the public explorer. Less fees as you dont have to pay the miners, more scalable (eventually up to 1 Mio TX / second) and faster (~ instant) as you dont depend on block limit or blocktime.
I hope I have helped you further with this.
You can always test the dex yourself or wait for the SSUI of the mclw to be live for everyone. More info can be found in our discord.
Thanks a lot for the explanation man. Helped a lot. Might do some extra research into this project. Looks promising!
November 30, 2020, 04:48:24 AM
-snip-
This stakenet and a bunch user like @OP trying to shiling this token on different board.I already see a lot of thread about stakenet on almost trading/altcoin board, now they are shining the token by giving some statement about "DeFI" when right now this type investment was quite popular.
Looking at the pattern we can simply find the Idea of them shilling for this Riding for the popularity project.
Almost every New token are Pointing the Congestion in Bitcoin transactions Whenever there is a Hype ,But the truth is they are only gathering a prospective Victims.
I am certainly not a newbie coming here to sell his product.
I've been reading this as a guest for more than 2 to 3 years because I never say anything.
Why should I log in if I only read about projects and lightning or other things?
I support the L2 lightning solution: Yes
I support no KYC: Yes
I support transporting your money as safely as possible: Yes
I support masternodes and the voting system to the team: Yes
Then it's simple, this has stakenet and from day 1 supported by Ledger and Trezor hard wallet.
November 30, 2020, 03:07:31 AM
-snip-
This stakenet and a bunch user like @OP trying to shiling this token on different board.I already see a lot of thread about stakenet on almost trading/altcoin board, now they are shining the token by giving some statement about "DeFI" when right now this type investment was quite popular.
Looking at the pattern we can simply find the Idea of them shilling for this Riding for the popularity project.
Almost every New token are Pointing the Congestion in Bitcoin transactions Whenever there is a Hype ,But the truth is they are only gathering a prospective Victims.
November 30, 2020, 02:36:45 AM
There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
They are on-chain DEX's, which means high trading fees, and slow trading.
Doesn't compare the slightest to Stakenet
What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here.
I just made an inquiry for you. And got a little more explanation about your question here:
Onchain DEXs: eg Komodo DEX, uniswap, block dex etc: atomic swaps that happen onchain. So they are limited to blocktime (btc blocktime: 10 minutes), every swap has to be confirmed by every miner, so you have to pay a normal transaction fee to the miners (rember Uniswap fees in july which were like 50-100 USD swap), is not very private as you can see every adress in every explorer and not scalable
Offchain DEX: eg Stakenet Dex, they are using Lightning Network and Connext. These are layer 2 solutions, so it is network built on Blockchains (layer 1 == massive security by mining power), a network between nodes. So no miners are involved here, it is offchain=> more privacy as every tx is only stored in your node, never gets broadcasted to the public explorer. Less fees as you dont have to pay the miners, more scalable (eventually up to 1 Mio TX / second) and faster (~ instant) as you dont depend on block limit or blocktime.
I hope I have helped you further with this.
You can always test the dex yourself or wait for the SSUI of the mclw to be live for everyone. More info can be found in our discord.
November 29, 2020, 02:22:01 PM
There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
They are on-chain DEX's, which means high trading fees, and slow trading.
Doesn't compare the slightest to Stakenet
What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here.
November 25, 2020, 01:50:06 PM
There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
They are on-chain DEX's, which means high trading fees, and slow trading.
Doesn't compare the slightest to Stakenet
November 24, 2020, 04:57:39 PM
There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future.
How does Stakenet compare to these?
November 24, 2020, 12:22:24 PM
There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
November 24, 2020, 11:29:59 AM
It honestly wouldn't surprise me one bit if we see $100 transaction fees on the BTC network, as it cannot scale at all.
Ethereum seems to be experiencing the same thing. Stakenet seems like a promising solution - If they can pull it off
Ethereum seems to be experiencing the same thing. Stakenet seems like a promising solution - If they can pull it off
November 23, 2020, 11:06:45 AM
On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
ETH was about $5 per transaction at its peak.
Why did this happen? Transactions were all being done on chain and it got congested.
Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.
Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.
All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.
In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.
It's currently in BETA, but is being soft launched at the end of the month..
ETH was about $5 per transaction at its peak.
Why did this happen? Transactions were all being done on chain and it got congested.
Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.
Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.
All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.
In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.
It's currently in BETA, but is being soft launched at the end of the month.
.you write this thread at august 19 this year, wich mean the dex alreacy already launched right ? because you wrote this "but is being soft launched at the end of the month"
then how is the dex now ? does the dex this work properly ?
thanks
The DEX can be downloaded from the Stakenet Discord channel, it's still in open beta, however you can trade BTC LTC and XSN. Ethereum is being integrated right now, with a bunch of testers working to remove any possible flaws and bugs.
November 22, 2020, 05:00:12 PM
this post try to create a hype on stakenet, but thats not a big problem, because this alt is not a bad altcoin
by the way, as i know the king of defi now is chainlink, and i don't see any new or old defi project can replace chainlink in the near time my friend
by the way, as i know the king of defi now is chainlink, and i don't see any new or old defi project can replace chainlink in the near time my friend
November 22, 2020, 03:56:51 PM
^ Nobody says that they are not doing marketing properly, I have said multiple times before that stakenet is spending millions of dollars on marketing and it is obvious, or they are spending a lot less on some tech farm in a third world country but it is obvious that they are working on marketing it by word of mouth and social media.
This doesn't mean they have a "huge community" or a better engagement. You know why I say that? Because over half of what stakenet you see online is from the marketing they do and not from real people, this is too obvious to see from everywhere.
Why do you not see tens of pages regarding stakenet here? Or why not tens of legendary accounts talk about it? Why is there few pages with many topics filled with newbie accounts? Because, they pay for it that is why. Same goes for twitter and telegram and many other stuff.
This doesn't mean they have a "huge community" or a better engagement. You know why I say that? Because over half of what stakenet you see online is from the marketing they do and not from real people, this is too obvious to see from everywhere.
Why do you not see tens of pages regarding stakenet here? Or why not tens of legendary accounts talk about it? Why is there few pages with many topics filled with newbie accounts? Because, they pay for it that is why. Same goes for twitter and telegram and many other stuff.
That also makes me a bit suspicious. Thenewbie accounts promoting it seem to be really tech savvy. but one hardly ever hears some oldtimers talk about it. I wonder whether there is something behind this coin.
November 22, 2020, 03:46:40 PM
On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html
ETH was about $5 per transaction at its peak.
Why did this happen? Transactions were all being done on chain and it got congested.
Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.
Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.
All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.
In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.
It's currently in BETA, but is being soft launched at the end of the month..
ETH was about $5 per transaction at its peak.
Why did this happen? Transactions were all being done on chain and it got congested.
Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.
Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.
All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.
In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.
It's currently in BETA, but is being soft launched at the end of the month.
.you write this thread at august 19 this year, wich mean the dex alreacy already launched right ? because you wrote this "but is being soft launched at the end of the month"
then how is the dex now ? does the dex this work properly ?
thanks
November 22, 2020, 02:17:25 PM
maybe stakenet is a good altcoins project, but not sure this project will be a scaling solution for bitcoin and ethereum my friend
i hope you will do more research with stakenet
i hope you will do more research with stakenet
November 21, 2020, 12:02:46 PM
^ Nobody says that they are not doing marketing properly, I have said multiple times before that stakenet is spending millions of dollars on marketing and it is obvious, or they are spending a lot less on some tech farm in a third world country but it is obvious that they are working on marketing it by word of mouth and social media.
This doesn't mean they have a "huge community" or a better engagement. You know why I say that? Because over half of what stakenet you see online is from the marketing they do and not from real people, this is too obvious to see from everywhere.
Why do you not see tens of pages regarding stakenet here? Or why not tens of legendary accounts talk about it? Why is there few pages with many topics filled with newbie accounts? Because, they pay for it that is why. Same goes for twitter and telegram and many other stuff.
This doesn't mean they have a "huge community" or a better engagement. You know why I say that? Because over half of what stakenet you see online is from the marketing they do and not from real people, this is too obvious to see from everywhere.
Why do you not see tens of pages regarding stakenet here? Or why not tens of legendary accounts talk about it? Why is there few pages with many topics filled with newbie accounts? Because, they pay for it that is why. Same goes for twitter and telegram and many other stuff.
November 21, 2020, 08:05:13 AM
There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.
I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.
I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.
Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck.
Don't believe me? Go check for youself.
Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here.
The problem is when there's multiple threads about Stakenet here and a lot of posts from the same members and newbies in every one of those threads it gives the impression of a handful of bagholders trying to pump the price which might of worked a few years ago but nowadays people are far more careful and selective in which projects they invest in.
Stakenet certainly looks like a promising project but there are better ways of promoting it.
There's a handful of very bullish people promoting Stakenet on Twitter, that's all I know. I'm VERY excited about the project, which is why I try to share it here. I agree there's quite a few threads regarding Stakenet here, but I guess a good project gets talked about. There's quite a few Chainlink threads here as well, both projects are being discussed a lot on 4chan as well, both having a very large community.
There's hardly anyone investing in alt's right now, which makes sense with BTC's run lately, but XSN did 10x in august, which shows how much potential this project has. It did retrace quite a bit, but so did all major alt's even LINK and ADA, just to name a few.
November 19, 2020, 02:55:39 AM
There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.
I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.
I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.
Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck.
Don't believe me? Go check for youself.
Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here.
The problem is when there's multiple threads about Stakenet here and a lot of posts from the same members and newbies in every one of those threads it gives the impression of a handful of bagholders trying to pump the price which might of worked a few years ago but nowadays people are far more careful and selective in which projects they invest in.
Stakenet certainly looks like a promising project but there are better ways of promoting it.
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