Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.
So you're gonna force user to open a LN channel first? How exactly is this going to be implemented? Why the need of a new token if you can just take commission from every trades? 
Topic: Stakenet (XSN) The KING of DEFI - Scaling solution for BTC and ETH - page 4. (Read 730 times)
August 20, 2020, 03:04:32 AM
August 19, 2020, 05:27:43 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.
.yeah, i think this coin has a lot of potential
anyway, i hope this coin will be tradeable on better exchange just like bittrex and binance
https://coinmarketcap.com/currencies/stakenet/markets
August 19, 2020, 03:32:23 PM
Been on uniswap all week and everything about it screams expensive.
August 19, 2020, 02:17:04 PM
Man gas fees are getting insane!
Tested the Dex. It is next level. Essentially it will be one gas or transaction fee (in the case of BTC) to open a lightning or raiden channel, and then trade as much as you want, then close the channel when you're done (could be months).
Tested the Dex. It is next level. Essentially it will be one gas or transaction fee (in the case of BTC) to open a lightning or raiden channel, and then trade as much as you want, then close the channel when you're done (could be months).
August 19, 2020, 02:04:58 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.
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