Thorchain (RUNE) is soon obsolete, here's why.

Husires

legendary

Activity: 1596

Merit: 1288

Quote from: GucciBoy on March 12, 2024, 12:41:42 AM

Hydranet is closed source to prevent thieves from copying code which took YEARS to build, makes perfect sense, besides their web-wallet/web-dex is browser based, similar to Metamask, so it's a completely plug'n play solution.

If it is closed source, it is necessarily centralized, and here you can compare it with BSC or any of the solutions in which the blockchain is managed from private nodes, which allows trading fees close to zero, but what is the benefit of it if everything is centralized and your funds can be frozen?
HDN is not a new token and L3 is not a hot topic so it will not attract enough attention.

denniks

newbie

Activity: 5

Merit: 0

yeah, this is true, can't compare the fees at this point. Sure, you can compare the tech, but not the fees until it gets users on board. But i don't agree with you in regards to being open source from the start. Although i am against closed source projects, i do agree with getting a head start and after that going open source. The crypto field is like the pharmaceutical field; New tech needs to be held hidden until a certain point is reached or all your work can be swept under you in a second. No point in debating what someone with a thousand times more resources than you can achieve, given he has access to your work.

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: GucciBoy on March 12, 2024, 12:41:42 AM

Hydranet is closed source to prevent thieves from copying code which took YEARS to build, makes perfect sense, besides their web-wallet/web-dex is browser based, similar to Metamask, so it's a completely plug'n play solution.

Also, once the masses finds that you can trade at 1% of the regular fees, people will obviously use the cheaper, AND faster alternative, so there's a good reason this project will be in direct competition to Uniswap. Wink

When you can trade Bitcoin for Ethereum at close to 5-10 cents, instead of like $10, it gets interesting, and opens a lot of doors for trading, in a trustless evironment. It doesn't take a math genius to see the MASSIVE upside potential here.

Like i already said, you can't compare the fees when other one has fraction of the users, so your math doesn't apply in any way.

And you are using the oldest excuse. Best platforms in crypto will stay open source, because that's how any potential exploits get spotted and fixed faster. Some cryptocurrency developers are putting millions of dollars and countless hours in open source development, not just for their financial gains but to develop this field for everyone. This place ain't about patented software that you can build around to centralize everything.

Also metamask didn't need to have a token nor a blockchain when they were building it. It's a third party software for blockchains that already exist.

john1010

hero member

Activity: 2100

Merit: 562

I am an early adopter of RUNE and bagged a good amount of it from airdrops, events, and games. However, during that time, the token had little value. Years passed by, and I discovered that I forgot where I placed the private key of the wallet storing that coin. Then, I saw its price climb to 500. It's so frustrating. Despite its past obscurity, RUNE's recent surge in value proves its potential resilience and longevity in the market. It's a stark reminder of the volatility and unpredictability inherent in the cryptocurrency space

LLCrypto

newbie

Activity: 4

Merit: 0

Yes lot of credit to Thorchain for being the first to figure out cross chain swaps, but hydranet is a completely different beast altogether. Tech is vastly superior, scalable and just a matter of time till the rest of the industry takes notice.

tancello

newbie

Activity: 1

Merit: 0

Quote from: GucciBoy on March 07, 2024, 11:56:24 PM

Hey fellow crypto enthusiasts!

Thorchain (RUNE) is currently one of the most popular DEX's out there, allowing native BTC trading on their platform. This makes them stand out from other ethereum-based DEX's such as Uniswap, or Sushiswap which only allows ethereum tokens.

There's just one major problem. A problem we've faced for YEARS now. Fees Roll Eyes

Imagine if you could day trade BTC or ETH on a DEX, without paying $10 for each trade? That's currently NOT possible, nor feasible as each trade needs to be accepted on the network, which takes way way too long.

Hydranet has solved this issue with gas fees on Ethereum, as well as fees on Bitcoin trading. How? Off-chain trading. MADE SIMPLE.

Hydranet is currently sitting on a 11 mio marketcap, which is 180x LESS than Thorchain so the upside is MASSIVE on this one.

They built the first L3 DEX in the world, it's Live, you can go use it already, but with limited pairs, and volume for now.

Next on their pipeline is a Web-DEX which will work similar to Metamask, offering near instant exchange settlements. This means you can access your own wallet, and trade exactly how you normally do, but with VERY small fees. Wink

All fees on the DEX is used to buy-back HDN on the open market, as well as on-going fee distributions to token holders paid in ETH! Now, this is going to drive investor demand up immensely.

Hydranet could potential be a competitor to Uniswap, which if Hydranet reaches the same marketcap, it will be worth $70+/token. (And it's currently trading at 6!!!! cents).

Here's a comparison video between Thorchain, and Hydranet. It speaks for itself... https://www.youtube.com/watch?v=8SJsAUx-hJA

Hydranet is playing big. İt is not easy to revolutionize this market. İt seems to have solved many technical problems. Thorchain opened an important door for Dexs with Bitcoin trading. But Hydranet breaking down the door. After a while, everyone will be talking about it.

GucciBoy

jr. member

Activity: 196

Merit: 6

Quote from: o48o on March 09, 2024, 05:45:11 PM

Quote from: GucciBoy on March 07, 2024, 11:56:24 PM

-cut-
Hydranet could potential be a competitor to Uniswap, which if Hydranet reaches the same marketcap, it will be worth $70+/token. (And it's currently trading at 6!!!! cents).
-cut-

Hydranet is interesting, i have to admit, and with $10M marketcap it seems cheap as hell.

But competition for uniswap? Let's be realistic. You can't even start to compare fees when Hydranet has fraction of the volume of rune or uniswap, that seems like you are misleading newbs purposely.

And please tell me this is actually open source but i can't just find the code, because downloading closed source software for something this is just stupid.

And while $10M marketcap means there are lots of space to grow, it needs more then smoke and mirrors to rise and compete with big boys. And with all those cross-chain bridge attacks and stolen money last year, this or any other cross-chain tech doesn't seem like sure bet to me. It's going to be an important development sector, but i rather keep using CEXes and traditional DEXes for the time being.

Hydranet is closed source to prevent thieves from copying code which took YEARS to build, makes perfect sense, besides their web-wallet/web-dex is browser based, similar to Metamask, so it's a completely plug'n play solution.

Also, once the masses finds that you can trade at 1% of the regular fees, people will obviously use the cheaper, AND faster alternative, so there's a good reason this project will be in direct competition to Uniswap. Wink

When you can trade Bitcoin for Ethereum at close to 5-10 cents, instead of like $10, it gets interesting, and opens a lot of doors for trading, in a trustless evironment. It doesn't take a math genius to see the MASSIVE upside potential here.

Sophokles

hero member

Activity: 1232

Merit: 516

Thanks for OPs suggestion as i found it interesting and HDN is a low marketcap coin so i am thinking about adding it to my portfolio as it is possible that it can do better than its competitor. I have checked about the project and i have seen that its still in development phase that means the main product is yet to launch and i think it is the best time to invest in this project as its have pumped that much compare to other dex token. I am expecting any bitcoin related project will do better in this season.

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: GucciBoy on March 07, 2024, 11:56:24 PM

-cut-
Hydranet could potential be a competitor to Uniswap, which if Hydranet reaches the same marketcap, it will be worth $70+/token. (And it's currently trading at 6!!!! cents).
-cut-

Hydranet is interesting, i have to admit, and with $10M marketcap it seems cheap as hell.

But competition for uniswap? Let's be realistic. You can't even start to compare fees when Hydranet has fraction of the volume of rune or uniswap, that seems like you are misleading newbs purposely.

And please tell me this is actually open source but i can't just find the code, because downloading closed source software for something this is just stupid.

And while $10M marketcap means there are lots of space to grow, it needs more then smoke and mirrors to rise and compete with big boys. And with all those cross-chain bridge attacks and stolen money last year, this or any other cross-chain tech doesn't seem like sure bet to me. It's going to be an important development sector, but i rather keep using CEXes and traditional DEXes for the time being.

LLCrypto

newbie

Activity: 4

Merit: 0

Quote from: Beparanf on March 08, 2024, 08:20:48 AM

Why do you need to use DEX if you are doing day trading on blockchain with high transaction fee like Ethereum. Besides Thorchain offers trading of real Bitcoin that’s why it’s fee high.

Trading it off-chain will make it just trading with wrapped tokens which is not real Bitcoin. Just purchased wrapped Bitcoin on less transaction fees blockchain such as BSC if you are just trading off chain Bitcoin.

Crypto holders is now conscious about their holdings and they don’t trust anymore any wrapped tokens especially Bitcoin because it’s not a real Bitcoin.

The dex is trading real Bitcoin on the lightning network, not wrapped bitcoin. Vast difference in security level. Basically if you believe lightning network is the future for bitcoin (i personally do) then the hydranet dex being the only one who has developed a dex solution using lightning is just going to explode in value in the coming weeks. Core dex is already live and web dex is on the way.

denniks

newbie

Activity: 5

Merit: 0

Quote from: Beparanf on March 08, 2024, 08:20:48 AM

Why do you need to use DEX if you are doing day trading on blockchain with high transaction fee like Ethereum. Besides Thorchain offers trading of real Bitcoin that’s why it’s fee high.

Trading it off-chain will make it just trading with wrapped tokens which is not real Bitcoin. Just purchased wrapped Bitcoin on less transaction fees blockchain such as BSC if you are just trading off chain Bitcoin.

Crypto holders is now conscious about their holdings and they don’t trust anymore any wrapped tokens especially Bitcoin because it’s not a real Bitcoin.

As far as i understand it, it's exactly the opposite of what you're saying. You're always in control of your wallet and trades are done between real assets... it's a direct swap between BTC - ETH, real assets, not wrapped assets.

john1010

hero member

Activity: 2100

Merit: 562

Quote from: GucciBoy on March 07, 2024, 11:56:24 PM

Hey fellow crypto enthusiasts!

Thorchain (RUNE) is currently one of the most popular DEX's out there, allowing native BTC trading on their platform. This makes them stand out from other ethereum-based DEX's such as Uniswap, or Sushiswap which only allows ethereum tokens.

There's just one major problem. A problem we've faced for YEARS now. Fees Roll Eyes

Imagine if you could day trade BTC or ETH on a DEX, without paying $10 for each trade? That's currently NOT possible, nor feasible as each trade needs to be accepted on the network, which takes way way too long.

Hydranet has solved this issue with gas fees on Ethereum, as well as fees on Bitcoin trading. How? Off-chain trading. MADE SIMPLE.

Hydranet is currently sitting on a 11 mio marketcap, which is 180x LESS than Thorchain so the upside is MASSIVE on this one.

They built the first L3 DEX in the world, it's Live, you can go use it already, but with limited pairs, and volume for now.

Next on their pipeline is a Web-DEX which will work similar to Metamask, offering near instant exchange settlements. This means you can access your own wallet, and trade exactly how you normally do, but with VERY small fees. Wink

All fees on the DEX is used to buy-back HDN on the open market, as well as on-going fee distributions to token holders paid in ETH! Now, this is going to drive investor demand up immensely.

Hydranet could potential be a competitor to Uniswap, which if Hydranet reaches the same marketcap, it will be worth $70+/token. (And it's currently trading at 6!!!! cents).

Here's a comparison video between Thorchain, and Hydranet. It speaks for itself... https://www.youtube.com/watch?v=8SJsAUx-hJA

The idea of being able to day trade BTC or ETH on a DEX without breaking the bank is definitely appealing.
Hydranet's approach to solving this problem with off-chain trading sounds promising. By reducing gas fees on Ethereum and tackling fees on Bitcoin trading, they're addressing a significant barrier to entry for many users. Plus, building the first L3 DEX in the world is a bold move that could have a big impact on the industry.

Beparanf

hero member

Activity: 2954

Merit: 796

Why do you need to use DEX if you are doing day trading on blockchain with high transaction fee like Ethereum. Besides Thorchain offers trading of real Bitcoin that’s why it’s fee high.

Trading it off-chain will make it just trading with wrapped tokens which is not real Bitcoin. Just purchased wrapped Bitcoin on less transaction fees blockchain such as BSC if you are just trading off chain Bitcoin.

Crypto holders is now conscious about their holdings and they don’t trust anymore any wrapped tokens especially Bitcoin because it’s not a real Bitcoin.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Earlier I checked CMC to see the HDN token. Based on the information there, it is stated that HDN is more than 2 years old, with an ATH of $0.17, 3 times greater than the current value. To be honest, I was doubtful about HDN because I saw the data displayed on CMC which was not very convincing. This is different from Rune which has verified data and many exchange markets. But of course hidden gems must be found on exchanges that are not yet popular. I think I'll try investing a few dollars there. This is not financial advice for anyone else but I see HDN has a similar concept to Uni and Rune, correct me if I'm wrong.

GucciBoy

jr. member

Activity: 196

Merit: 6

Hey fellow crypto enthusiasts!

Thorchain (RUNE) is currently one of the most popular DEX's out there, allowing native BTC trading on their platform. This makes them stand out from other ethereum-based DEX's such as Uniswap, or Sushiswap which only allows ethereum tokens.

There's just one major problem. A problem we've faced for YEARS now. Fees Roll Eyes

Imagine if you could day trade BTC or ETH on a DEX, without paying $10 for each trade? That's currently NOT possible, nor feasible as each trade needs to be accepted on the network, which takes way way too long.

Hydranet has solved this issue with gas fees on Ethereum, as well as fees on Bitcoin trading. How? Off-chain trading. MADE SIMPLE.

Hydranet is currently sitting on a 11 mio marketcap, which is 180x LESS than Thorchain so the upside is MASSIVE on this one.

They built the first L3 DEX in the world, it's Live, you can go use it already, but with limited pairs, and volume for now.

Next on their pipeline is a Web-DEX which will work similar to Metamask, offering near instant exchange settlements. This means you can access your own wallet, and trade exactly how you normally do, but with VERY small fees. Wink

All fees on the DEX is used to buy-back HDN on the open market, as well as on-going fee distributions to token holders paid in ETH! Now, this is going to drive investor demand up immensely.

Hydranet could potential be a competitor to Uniswap, which if Hydranet reaches the same marketcap, it will be worth $70+/token. (And it's currently trading at 6!!!! cents).

Here's a comparison video between Thorchain, and Hydranet. It speaks for itself... https://www.youtube.com/watch?v=8SJsAUx-hJA

Topic: Thorchain (RUNE) is soon obsolete, here's why. (Read 182 times)