this is actually a decentralized exchange or PseudoDEX?
For now it still just run on one single node, however "hydra" update will launch the real DEX...
Topic: XSN | Have you tried the DEX already ? (Read 127 times)
For now it still just run on one single node, however "hydra" update will launch the real DEX...
The development team have executed over 70,000 LightningNetwork transactions on StakenetDEX in the last 7 days, totaling over $ 1.2M!
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
Beta product may not be considered as the actual product but if it launches then surely will attract the traders for sure but the team needs to maintain the high transactions per second but this is actually a decentralized exchange or PseudoDEX? As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
Which of the lighting technology are you refering to, the BTC or which one. What I see now is that the exchange market is getting really crowded and new projects are finding it had to gain liquidity, which is very important for any DEXes because if the spread is wide I won' want to trade there because I won't get good value for my money. I will advice you guys to look for VCs to help you guys, if your 70K transaction claim is true
Yeah. This project uses the Bitcoin Lightning Network technology. There 70K TPS is not consistent since they are still on beta phase and I doubt that they will maintain that high TPS once there will be an actual volume transaction surging in like what happened on Uniswap and other DEX.
once they are out of beta and up and running, thats when you can see the actual performance of the network. but since they are still in the early stage, definitely, you will see fast transactions as there are not so many customers.
right now, their main challenge is to attract as much users as they can. and market whatever good features they have. without good liquidity, i dont think many traders will go to your exchange. and disconnectme is right, if the spread is wide, i dont think it is good to trade in that dex. so that's one thing also they need to work out with.
Yes, you are so right, they have to RELEASE THE KRAKEN to a wider audience ! However :
Stakenet have successfully deployed the "taker pays maker" (negative) fee model to closed beta!
Anyone using the latest version of Stakenet DEX can now receive taker fees with any limit orders filled.
We will be running dedicated tests with beta users this weekend!
https://twitter.com/XSNofficial/status/1373305157283368961
Anyone using the latest version of Stakenet DEX can now receive taker fees with any limit orders filled.
We will be running dedicated tests with beta users this weekend!
https://twitter.com/XSNofficial/status/1373305157283368961
But as you said, it's only with the end of the closed beta that it will be possible to really test the network...
World's First BTC/USDT Trade on a DEX has been Accomplished
For the first time ever, regular users will be able to instantly trade or swap cryptocurrencies with low fees on pairs such as BTC/USDT, ETH/USDT, BTC/ETH, and many, many more, fully decentralized with a pro-trader interface as we know it from the centralized exchange experience, as well as through a Uniswap-style one-click swaps for non-pro traders.
The development team is preparing trading bots to stress test BTC/USDT, which will showcase the DEX's capabilities in handling high tx/sec utilizing the Bitcoin Lightning Network, ETH L2, and the newly added Connext client to compete with centralized exchanges.
The creation of this highly scalable platform that offers a win-win situation has already set a new standard - a very high standard. With this, traders now have access to a new platform that does not require logins or KYC, one that does not have any limits or insanely high gas fees.
https://thecapital.io/article/worlds-first-btcusdt-trade-on-a-dex-has-been-accomplished-MU-BJDm6vj_jFFo5zQO
For the first time ever, regular users will be able to instantly trade or swap cryptocurrencies with low fees on pairs such as BTC/USDT, ETH/USDT, BTC/ETH, and many, many more, fully decentralized with a pro-trader interface as we know it from the centralized exchange experience, as well as through a Uniswap-style one-click swaps for non-pro traders.
The development team is preparing trading bots to stress test BTC/USDT, which will showcase the DEX's capabilities in handling high tx/sec utilizing the Bitcoin Lightning Network, ETH L2, and the newly added Connext client to compete with centralized exchanges.
The creation of this highly scalable platform that offers a win-win situation has already set a new standard - a very high standard. With this, traders now have access to a new platform that does not require logins or KYC, one that does not have any limits or insanely high gas fees.
https://thecapital.io/article/worlds-first-btcusdt-trade-on-a-dex-has-been-accomplished-MU-BJDm6vj_jFFo5zQO
I hope soon...
I haven't but that's looking good if that dex has been showing that they can do it to be better than with other dexes. That's a good solution for those who are looking for lesser fees.
It's the trend today about fees so it's encouraging to try it sometime.
It's the trend today about fees so it's encouraging to try it sometime.
Which of the lighting technology are you refering to, the BTC or which one. What I see now is that the exchange market is getting really crowded and new projects are finding it had to gain liquidity, which is very important for any DEXes because if the spread is wide I won' want to trade there because I won't get good value for my money. I will advice you guys to look for VCs to help you guys, if your 70K transaction claim is true
Yeah. This project uses the Bitcoin Lightning Network technology. There 70K TPS is not consistent since they are still on beta phase and I doubt that they will maintain that high TPS once there will be an actual volume transaction surging in like what happened on Uniswap and other DEX.
once they are out of beta and up and running, thats when you can see the actual performance of the network. but since they are still in the early stage, definitely, you will see fast transactions as there are not so many customers.
right now, their main challenge is to attract as much users as they can. and market whatever good features they have. without good liquidity, i dont think many traders will go to your exchange. and disconnectme is right, if the spread is wide, i dont think it is good to trade in that dex. so that's one thing also they need to work out with.
The development team have executed over 70,000 LightningNetwork transactions on StakenetDEX in the last 7 days, totaling over $ 1.2M!
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
with instant transactions and no fees also if the xsn team do some a good marketing strategy, i think this will create a lot of demands on xsn price
maybe i will try to use this dex now
The development team have executed over 70,000 LightningNetwork transactions on StakenetDEX in the last 7 days, totaling over $ 1.2M!
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
does the dex platform still in beta or already active now ?
by the way, with no fees on transactions i think this dex could be a good alternative now
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Which of the lighting technology are you refering to, the BTC or which one. What I see now is that the exchange market is getting really crowded and new projects are finding it had to gain liquidity, which is very important for any DEXes because if the spread is wide I won' want to trade there because I won't get good value for my money. I will advice you guys to look for VCs to help you guys, if your 70K transaction claim is true
Yeah. This project uses the Bitcoin Lightning Network technology. There 70K TPS is not consistent since they are still on beta phase and I doubt that they will maintain that high TPS once there will be an actual volume transaction surging in like what happened on Uniswap and other DEX.
Which of the lighting technology are you refering to, the BTC or which one. What I see now is that the exchange market is getting really crowded and new projects are finding it had to gain liquidity, which is very important for any DEXes because if the spread is wide I won' want to trade there because I won't get good value for my money. I will advice you guys to look for VCs to help you guys, if your 70K transaction claim is true
The development team have executed over 70,000 LightningNetwork transactions on StakenetDEX in the last 7 days, totaling over $ 1.2M!
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
As LN transactions are instant and require ~ no fees, it is the perfect solution for DEXs who want to attract high frequency traders.
https://twitter.com/XSNofficial/status/1362162330826641412
Jump to: