Topic: Stakenet - XSN - The Next 50x Altcoin Out There? (Read 877 times)

I think it still has much more room to grow to and beyond $1 when you factor in how its competitors have relatively large market caps. Even when XSN hits $1, it'd only have a $100 million mcap which is still well below competing coins and tokens in the $300 million + mcap range.
For it, XSN is considerably more advanced in almost every way. It just doesn't have that mass-industry backing that a lot of the less-effective tokens do.
That's ok. I think it will do fine on its own.


ETH's scaling troubles caught me by surprise. I was not expecting $30 gas fees so suddenly.

There's not a single project out there like this. Some seems to be similar, but they work on 1st layer transactions only (on-chain), while Stakenet is working on 2nd layer (off-chain).
Off-chain transactions are capable of unlimited transactions/second which is why its SUCH a powerful thing to integrate, as it pretty much solves all our current scaling issues in a whim. 

I was quite surprised to see Stakenet's performance this year, really beyond expectations. I agree that the Stakenet developer team is working
extraordinary that it can make Stakenets soar high enough, it is not impossible that the price of Stakenets can reach $ 1. I will continue to
observe projects Stakenet, because there are not many projects like this.

It looks sick. Can't wait to try it. I love the DEX already, so this took me off guard as a surprise as well.

Development is progressing extremely fast, it's awesome!

It was quite a ride but hey, the development keeps progressing.
This basic swap UI took me by surprise. Trading should become a lot more simplistic with it. Wasn't expecting that at all.

Lots of accumulation going on right now.

Tempting to try and swing due to the volatility, but these violent pumps, makes me scared to do so, haha 

They are paying out 1k XSN bounties (higher amounts for any security issues found) to beta testers who are good at breaking things. 


From this article here: https://medium.com/stakenet/stakenet-dex-open-beta-dd5c78175608

Marketing has only just started. I'm sure we'll see XSN above $1 very very soon, as more and more people onboard the DEX and experience how FAST it is.

Stakenet has really impressed me in my marketing style as well as my efforts to create a great new foundation for the crypto market. With PoS coin you have to show the stability in the future of your token, otherwise no one will invest with you.
In order for Stakenet to do great things, it first needs to have financial support behind and many users to use your app. now I see things still theoretical and nothing has had a strong impact on the crypto market yet. What you need to do now is do a bounty and do an AMA to get more investors and the community.

This thread aged very well. 

10x'ed in a month, and looks to keep going! 

I didn't think it would keep rallying like this, but XSN pumped again!

You're right. Stakenet was in a downtren for more than 1 year until the bottom was reached twice : Once on that flash drop , when someone sold a lot of xsn on may 2019 and second like 1 week ago. Since the last bottom , we're in uptrend and it seems it won't stop until it recovers to at least spring price. You're also right to notice the fact that most of the supply is locked into masternodes so no wonder why the price is moving upwards as there are few of stakenet on the markets and we can compare to 2 months ago when you could have buyed 10k-20k XSN on a single order and now you barely find 1k stakenet in 1 order.

There seems to be 2 factors involved.
1.) Stakenet was in a downtrend for >450 days and it has finally bottomed out.
2.) Most of the supply is locked up in staking and masternodes.
There isn't very much XSN left on the market. The orderbooks are razor thin and it doesn't take much to make it pump.

Stakenet roadmap is one of the most promising I have ever seen in the last years and I doubt anyone can compete with it once its completed. Look how many checkpoints they had in 2019 and how much they achieve so no wonder why in the last days the price is rising from hour to hour. It bother's me that I haven't got the chance to complete my 2nd masternode as now it will take a lot of months until I gather 1k$. Besides this, if you go on their discord there are lot of requests of joining into beta testing of the wallets features and also lighting swap is around the corner.

Wow nice chart analysis configuration, do not be offend every trader have an own analysis which coin he have pr favorite coun he/she keep of course as a holder of different couns we expect it to give earning prpfits 3x,4x,5x or up your analysis I believe if bitcoin get continue to rise in the market. Good luck hope your analysis come true.

this is very optimistic predictions on takenet
anyway this coin growing more than 16% today ?
but, what make the price grow ? anyone can tell me the reason with this growing price ?

Be that as it may, Stakenet shines on a fundamental level and I'd take that over a fool's gold get rich quick pump and dump any day.

Stakenet doesn't aim to be the next "Eth", or the next "BTC". They aim to make cryptocurrencies easier to use for the "normies". They aim to enhance the user experience of BTC, LTC and any other lightning compatible coins out there. Working products will play a MAJOR role moving forward, and all the useless forks, will be forever forgotten (Except a few selected ones, like BCH perhaps).





So true, the whole crypto market is still so immature, most projects are based on hype alone, and not on what they've accomplished and built from the ground up.

Agreed. There's no telling what exactly will go down until it does. No one expected old and forgotten 2012-era alts to ascend last time, yet they did.

That's ironic, considering how many high-cap coins there are that do almost nothing different from Bitcoin and how many coins elevated themselves into the top 100 with relatively little to offer.
It is a sign of the times, for sure. In 2017, a website redesign could cause a 100% pump out of nowhere. Now, a completely novel and state-of-the-art service isn't enough to compete with do-nothing forks that have age and market cycles on their side.
Stakenet really is a standout project - namely because it's not trying to kill anything other than maybe poor quality centralized exchanges.

With the current condition of the market, it is not enough for a project to have a working product to attain success. How many projects that have actual and working products that are not even appreciated? There is so much competition in the market. Every single one is promoting their project as if it is the best. Everyone is saying this will be the next ETH, or the next 50x, or the next Bitcoin killer, etc. They need to strike huge partnerships.

The whole crypto landscape will rise in price whenever we move into a bull market again. This time around, we'll not only see the prices you mentioned, but probably even higher prices. It will be good for no just Stakenet, but everything in the market. People just need to have patience.

We're yet again at that point in the market cycle where the idea of big gains seems farfetched.
I can remember when people thought Litecoin was toast and that it would never hit $10 again. Of course, it not only went on to hit $10, it hit $100 and almost $400.
What Stakenet is doing is rather foundational and offers a lot of convenience and utility for the entire space. I think it will be one of those stealth coins that stays under the radar until it explodes and everyone wishes they bought cheap like XRB/NANO or ANS/NEO.

Looks like the Lightning Dex is right around the Corner.
I’m ready.

Looks like a decent project to be honest. Did some research on the project, and found this thread, which actually have a ton of info I didn't seem to be able to find elsewhere.

When is the DEX scheduled for launch? Any date?

I felt the exact same way in the beginning, but Livecoin works fine. Never had a problem with that exchange, and it's been around for as long as I remember. (Way before Binance even launched)
Once the project lands on a decent exchange it's gonna increase in value dramatically,  no doubt about it.

It's because it's not really on a good exchange just yet. There's not a whole lot of places for people to go and trade it or play the market. I've been wanting to get in on this project, but I don't know any of those exchanges it's on or trust them enough to use them. I can't even use the biggest exchange it's on (Coinall) in my country. The price will go up a lot whenever it hits a decent exchange. Wait until the Cross-chain staking works. If you bought in now and they get that working, you'll probably end up very happy.

Thanks I tried to keep it as simple as possible really. Some of the wallet pics, seems to be a little outdated already, which is what happens when a wallet is shown in it's beta stage. It actually looks way better right now in my opinion. There's more info about it + a picture of it here:
https://medium.com/stakenet/xsn-dev-update-sept-19-2019-63614644e24d

I do not understand how the price of XSN still does not rise. They set up a very nice system. It is very important to make a working project. But in order to increase the price, I think we need to have a good advertising policy....

Hey, i‘m now a tester 
That Multi Currency Light Wallet looks and feels awesome.
As more i read and learn about it, as better i see the big picture now.
Just say, Keep Up that Good Work, i see now, they wor really hard, but that will pay off in the end. 👍

i don't know much about stakenet, i remember when it launched but i never mined much, think i sold what i had asap haha
idk about 4$, but it looks like it could survive, and thats more then most coins can say. 4$ is really high for an alt tho imo

Think i might get into this one now, see if a node seems worth it to me
Thanks for info man, so many coins out there hard to keep up to them all without "shill threads" sometimes

100X short term is pushing it, but LONG term, it's definitely possible, that would value XSN at $4 only.

Stakenet's covers a LOT of different things, such as speed, use case, privacy, cross chain flexibilities, trading, etc. It's one of the only masternode projects, (with a few exeptions) that is gonna grow back to it's ATH and beyond. DASH will do good as well, no doubt about it.

yup stakenet has the potential to bounce 100x in short term because they are doing incredible job in innovating technology. some coin have privacy features, some have fast transecting feature and etc . stakenet are doing great job in privacy they add TOR feature in their MCLW with one click and many more features . if you want to learn more about this check their Road map. https://stakenet.io/roadmap/
 

The supply is very decentralized, since most HUGE whales cashed out long ago. This bear market did make a lot of the big holders capitulate (Like any other altcoin), which means the buy pressure is getting higher and higher, with less and less people wanting to sell low.

Had a HUGE dip by a whale the other day, and the price recovered in a matter of hours, that's how strong XSN is.

True, hardcore whales doesn't really support POS. I believe it's gonna change once ETH moves from POW to POS though. There is probably going to be a greater shift to POS by then.

The cool thing is that XSN enhances BTC and LTC holders with their upcoming dApps, makes it easier and more convenient to trade your assets on the go.

Impressive about XSN being the third people to implement LN, and even more interesting if they were the ones actually helping Litecoin to do it (I knew this as an LTC hodler but first time I heard about the assistance from XSN).

I think the reason there's not more hype to it is simply it's now POW. Masternodes and all that just have a hard time getting support from POW miners and hodlers I think.

I don't know if it has the potential to get 50x, but if manage to get to its all-time high from its all-time low is a 30X, not bad at all.

I have some thoughts on the project.

1) Lighting network is a great addon for a project based on POS/Masternodes
2) Instead of competing on having the greatest amount of user (Metcalfe's Law) they're focusing its effort into connecting another blockchain with their's to enable Atomic swaps
3) The coins aren't heavily centralized, looking at the rich list of XNS you find that XNS is fairly distributed



I would suggest to had orders on 358 sats, even invisible orders at 158 sats just in "case".

Not a bad idea, at the current price levels, it's ridiculously low in price. I own 2 masternodes in the project, and with the current price levels, I might get another one

Really looking forward to the multi currency wallet, it looks sick!

Ledger Nano and Trezor hardware wallet XSN support 100%
You can see the progress of the development of Stakenet on their road map. https://stakenet.io/roadmap/ this project is very well managed. I think I need to invest here.

This project is a gem! A perfect example/slap for the typical ICO/IEO projects. There was a very good hype in Reddit about the Stakenet project and this project deserve it. I heard that XSN will be listed on Binance exchange, though I am not sure, that will be very good news for this project. We need to support these types of altcoins, and we should ignore all the previous shit coins!

I’m curious about if they would integrate Trezor or Ledger into.
I mean. Trading on that Dex directly from Trezor or Ledger would also be a very cool deal.
More Secure wouldn’t be possible i think. 

Alright cool

I've been messing around with a few other multi currency wallets, and this one does indeed look extremely nice. It's gonna be a very cool wallet once the Lightning DEX itself is ready to be integrated into the wallet itself.

Thanks, they added me for the next bunch testers.
Can’t wait to try it out

To participate in the open beta testing of the wallet, you'll have to join the official Stakenet Discord server, and ask to be invited to test it!

Fast enough? It's pretty much instant, as it runs on lightning 

How can i take place in that Open Beta?

Wallet looks good. But is it fast enough?

Thanks a lot for your input. Spent a ton of time creating this thread, and totally forgot to share some of these awesome articles. Appreciated!

Here are some helpful links for your thread:

White Paper:
https://stakenet.io/Stakenet_Whitepaper.pdf

Light Paper:
https://medium.com/stakenet/stakenet-light-paper-56552f8c07a2

Article on Masternode Solutions:
https://medium.com/stakenet/xsn-masternode-network-b05c14664b3b

Article on Staking Solutions:
https://medium.com/stakenet/trustless-proof-of-stake-tpos-wallet-staking-and-pooled-staking-c57245eb9640

Recent Interview with the Platform Manager:
https://www.altcoinbuzz.io/crypto-news/spotlight/interview-with-stakenets-platform-manager-shahab-behzadi/

Nice to see an actual quality thread for once outlining your thoughts and the project details etc.

Seen the project mentioned on Reddit a few times, and it does look promising. If they can pull off what they've planned on their roadmap, and if we enter a new altcoin season soon, I don't see why this wouldn't increase massively in value, along with other projects.

It blows my mind that Stakenet hasn't been mentioned here much lately. It's one of the most promising projects I know off currently for a wide variety of reasons actually.

They are probably the project that has developed the most upon Lightning Transctions.
The Lightning Network is supposed to be able to scale Bitcoin, and while there has been a lot of problems along the way the X9 team behind Stakenet never gave up on it.
They helped Litecoin implementing it on mainnet, before they did it on their own. Source: https://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/

This means XSN was the third project next to BTC and LTC to implement Lightning Transactions onto mainnet.

When implementing lightning channels on a network of 2000+ masternodes it all becomes very very powerful and useful. While most masternode projects are complete trash, Stakenet actually innovated on the idea of creating a whole eco-system based on masternodes who's gonna run everything in the background. Decentralization is KEY, and this solution makes one of the most decentralized networks out there by utilizing a wide variety of jobs attached to all these masternodes.

Jobs of XSN Masternodes:

* Lightning Dex
* One click instant Lightning Swaps (NOT Atomic Swaps)
* DEX Aggregator
* Masternode escrow services
* Masternode based oracles/arbitration
* CCPoS - Staking rewards in any other coins
* Tor, PrivateSend, random hop secrets
* Masternode's collateral backed stable coin
* Lightning dApps
* TPoS - Hosting of Trustless Cold staking contracts
* Voting Delegates
* Automated payment of node operators
* Masternode Managers
* Multiple keys for Masternodes
* Enhancements for Smart Contracts and dApps
* Masternode reward split
* Masternodes Quorums Autonomous Swaps
* Cross-Chain dApp infrastructure
* Watchtower services

---

Stakenet was the inventor of Cold Staking (TPOS - Trustless Proof Of Stake) - Which is by far the best cold staking solution out there. Cold staking requires a merchant, who will run a VPS that will have access to a staking "key". This shared staking key will allow for your coins to stake, even in cold storage. The merchant wont have access to your coins, and can't move them.
The merchant decides the fee he will take when running the merchant node, generally speaking the more coins you own, the lesser the fee.

If you are a small holder, you can use Stakenet's Pooled Staking Service, which is a centralized service, so use it for small amounts only.


Stakenet has other services too, such as Masternode As A Service, and Masternode Monitoring Service - If you own 15,000 XSN you're able to setup a masternode on the network. Masternodes can be a pain for most newbies to setup and maintain, but with this service anyone can setup one in a few minutes.
All this with 100% control of your own coins, they never leave your wallet. Stakenet hosts and maintains the VPS server that will keep your masternode running, they will even do maintenance if something needs to be upgraded such as the wallet itself running the masternode.

The masternode monitoring service will keep you up to date with the status of your masternodes, and will send you an email if your node goes offline. This is pretty smart, since you don't even need to open your wallet everyday to make sure everything is running, you can simply log in to your Cloud account on: https://cloud.stakenet.io and check everything on the go.

---

The most exciting part is the passive income which you'll get by running a masternode. Right now beta testing of the Stakenet Wallet is taking place.
This is a Multi Currency Lightning Wallet with inbuilt 1-click Lightning Transactions and TOR-integration for privacy.


This wallet will be available for Android And IOS as well real soon, here is a preview picture of it:



The cool thing about this wallet is that everyone will benefit from it. Even if you don't have any interest in the project, the wallet is still extremely useful as a tool for trading, and scalping profits whenever BTC goes into a bullrun.
If you're a strong believer in BTC, or LTC this wallet will be very handy to store your coins in, here's why:

USDT is moving to lightning soon, this means that soon, you'll be able to tether up inside your own wallet - with 100% control of your own coins, for a fraction of the cost you normally pay to do so (over the lightning network). This will happen almost instantly as these transactions are incredibly fast. Everything is handled by the masternode network in the background. Never have lightning transactions been so easy, and available to the average Joe.
Imagine how many fees is gonna pile up by huge whales who wants to stay anonymous and in control of their own coins all the time. All these fees will be collected and distributed among all the masternodes in the eco system.

Next thing on the roadmap is the Lightning DEX. A DEX that will run entirely by masternodes. The general problem with DEX's today is the liquidity problem, and the slow proccess of trading which is a pain in the butt for the average Joe to use, hence why you see such a low volume on them.
The X9 team behind Stakenet have come up with a genius plan to solve that issue:

Liquidity:
Solved with their DEX Aggregator solution. The Aggregator combines multiple DEX order books together, and makes sure you get the best deal on your trades. It adds a ton of liquidity to the network. The fees collected will be used to buy-back XSN, and distribute them to the masternodes running the eco-system

Speed:
If you trade lightning compatible coins on the network you can trade pretty much instantly, just like any other DEX. The masternode network will host all the chains supported by the DEX, this means that you as a user wont have to:

Sync With The Network
Register To Anything
Do Any Form Of KYC (Know Your Customer)

Regulation is tumbling down on every single exchange out there, even IDEX just recently announced they'll force KYC on their users, which quite frankly is scaring people away.

Stakenet is SO decentralized, that once they have launched their DEX, even if they where FORCED TO: They CAN'T stop the DEX from running. . The network is essentially a peer 2 peer solution which you can't shut down, same reason why you can't shut down the internet in fact.


Price prediction:

I believe Stakenet is developing the future. It's pretty clear that everyone HATES KYC and regulation at this point. Cryptocurrencies was never meant to be used as it is today. Centralized exchanges have too much monopoly over the market, and they are hacked left and right.

I personally believe XSN could go 50x and beyond that at this very moment, mostly because I believe the passive income aspect of their Stakenet Wallet, and their Lightning DEX will drive the price up a LOT, once everything is up to speed. The project will market itself once it's up and running.

The only thing they lack at this very moment is a decent exchange listing to put them up in the top 100 of Coinmarketcap. Even without that, their DEX solution will get people talking soon. It's gonna be very powerful with the constant XSN buy backs, and their RSB Rewards model will make sure some of the total supply is burned.

Do your own research on this one. Read the roadmap, and the white paper which covers way more than I did here, among other great things they'll develop (Including their own hardware wallet called VIPER)