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Topic: [XSN] Stakenet - Cold Staking, Lightning DEX, TOR, And More! (Read 235 times)

member
Activity: 406
Merit: 10
One more Question about Dex Sir.

Will there be Liquidity?
Thats almost the catch on those Dexs.



Yes, they know this is a huge issue from the very start. Their DEX aggregator is gonna fix the liquidity issue.
Stakenet aims to unite everything in one place.

This is copied directly from their roadmap:

As other networks build and launch decentralized exchanges, we find it in our best interest to also provide toolkits and portals into not only our DEX but others as well, providing the best liquidity and exchange rates to our users. Fees taken by this DEX aggregator will be used either for XSN buybacks and burns, or development funding.
newbie
Activity: 34
Merit: 0
One more Question about Dex Sir.

Will there be Liquidity?
Thats almost the catch on those Dexs.

member
Activity: 406
Merit: 10
Ah here is the Info i looking for  Cheesy

What to afford actually for 1 Masternode?
And what will the income be?

Br

15,000 XSN to run a masternode. Your income varies depending on how many nodes is active. But usually get a reward of 9 XSN every 30 or so hours.
newbie
Activity: 34
Merit: 0
Ah here is the Info i looking for  Cheesy

What to afford actually for 1 Masternode?
And what will the income be?

Br
hero member
Activity: 1190
Merit: 504
But you already have your announcement thread so why create a new one in the wrong section?

[XSN] Stakenet - The World's First Trustless Proof of Stake Coin
jr. member
Activity: 352
Merit: 3
I wonder why I have never heard about this project, it looks very promising. Saw it mentioned in another thread, so found this thread afterwards. I'll definitely read the WP and follow the project closely

Thanks for this detailed thread OP.
full member
Activity: 443
Merit: 107
If you were to liken the current state of the Cryptocurrency market to the Gold Rush of the 1800's then you have all these different projects trying to find or be the next gold meanwhile Stakenet is out here selling the shovels by providing the infrastructure for them all with Lightning Network and other cross-chain interoperability. No mater what happens all traffic will flow through their network and their Masternode holders will collect the fees.

If they were in the Top 50 nobody would bat an eye with all the things they have going on the only reason it isn't is because devs have been focusing on development vs pumping it's price through marketing. Now they are getting near release of their MCLW though which has lots of breakthroughs and worlds firsts on Lightning Network and TOR privacy that will change and their marketing push will begin.

sr. member
Activity: 537
Merit: 250
member
Activity: 406
Merit: 10
Really nice.
You mentioned TOR. How does TOR help in regards to the privacy??

TOR is an integration into the multi currency light wallet (MCLW) that will make your transactions anonymous if you decide to select it during a payment/transaction. I haven't tried the wallet yet, since it hasn't been released to the public. (Yet)
I'm sure it works the same way, as if you use the TOR-Browser. Your IP will be hidden, and therefor you can't connect a transaction to any given person.
newbie
Activity: 66
Merit: 0
Really nice.
You mentioned TOR. How does TOR help in regards to the privacy??
member
Activity: 406
Merit: 10
It boggles my mind that I hardly see XSN mentioned here. Perhaps the reason is it's still under the radar for a fairly new coin.

This is one of the most undervalued projects I've been able to find, and I've done research on hundreds of projects already (From when I started to do a ton of research in 2017.)

Stakenet is not just any other cryptocurrency project, it's en eco-system of services, products and useful features. I'll try to make this short, even though it's close to impossible with the sort of stuff they're working on.

Inventor Of Cold Staking.
Stakenet was the inventor of TPOS. - Trustless Proof Of Stake. They had it running on testnet for a while, and had it running successfully already in Q4 - 2017. In Q1 2018 they brought it to mainnet, and it's been working flawlessly ever since.
You need a merchant to run a VPS for you, that will be able to stake your coins, however wont be able to move them. You can become your own merchant if you want to. Soon this merchant job will be taken over by masternodes, who will benefit from the fees involved.

Lightning Transactions
While you may like, or dislike the tech, that makes it possible to scale Bitcoin into mass adoption - Stakenet aimed to follow along and implement Lightning as the third project world wide. (Right next to BTC, and LTC). In fact, the X9 Developers working on Stakenet, helped the Litecoin team with the final integration.
Source: https://litecoin.com/en/news/litecoin-foundation-x9-devs-partner-to-support-ltcd-and-lightning-network

These lightning transactions will also be available with a push of a button in their upcoming Multi Currency Light Wallet

Multi Currency Light Wallet
The multi currency light wallet aims to make storing your coins easy, useful and safe. The wallet being a "Light" wallet, means that you don't need to wait for the blockchain to sync. With one-click lightning transactions you'll be able to send any supported coins easily over a lightning channel, which is the first solution for newbies to play around with it, which I believe is a huge and useful feature!
All your coins can be sent anonymously over the TOR-Network, which is an integration into the light wallet, pretty useful as well! With Tether becoming lightning compatible, you'll be able to tether up in your own wallet!

Preview pics:




Masternode Details
XSN's blockrewards is currently at 20 XSN. The block time is 1 minute. This block reward is split between the Masternodes/Stakers/The Treasury

45% = 9 XSN to masternodes (18% ROI / year Currently)
45% = 9 XSN to Stakers (12% ROI / Year Currently)
10% = 2 XSN to the treasury (Team Funds).

These masternodes will benefit from the following:

Block Rewards
DEX Transaction Fees
Multi Currency Light Wallet Fees
TOR Fees
TPOS Fees
Dapp Fees
- And more to come
!

Stakenet.io - Staking Platform / Masternode As A Service And More

Nobody likes to stake while their computer is running 24/7 and using tons of electricity, so with Stakenet's pooled staking platform, which is a centralized solution (Therefor, don't keep huge amounts of XSN there) you'll be able to stake at a much higher frequency rate, since you're part of a pool who shared the block rewards.
With Masternode As A Service, it's never been easier to setup a XSN masternode, since they'll run the server for you, update it, and do maintenance while you're in full control of your coins still.
When you've setup your nodes, you can monitor their perfomance, and stability inside your dashboard. This way you can monitor if your nodes goes down, while on the run! You'll also get an email if your nodes goes down.

Preview Picture:




The Stakenet DEX
With all the recent exchange hackings, it's obvious that the DEX solution will become even more popular than it is already. Stakenet's DEX will be running soleley on masternodes, who hold the blockchains. This means that you don't need to sync up, hold the chains on your own or anything else in order to trade.
The DEX will be fast to use for anyone trading, and with the DEX Aggregator, which plans to combine multiple existing DEX's into one (To add liquidity) using Stakenet's DEX will be a breeze.

To help them build the DEX, they hired Frank Amato a former Executive Director for JPMorgan and Managing Director at Bear Sterns - This will insure that the DEX will be extremely user friendly.

As mentioned above, all the trading fees is distributed to the masternodes running the DEX.

Viper - Hardware Wallet
Stakenet is supported by Ledger, Xeeda, And Trezor - However they are building their own hardware wallet from scratch, which will be a competitor to these 3. This is the first blockchain project world wide to actually make their own hardware wallet, which is pretty cool. Debut product from XSN Hardware division - a hardware Lightning router that allows users to set up Lightning Network hubs for XSN, BTC, LTC, and collect fees while their private keys remain safe and secure in cold storage.


Marketcap
With all this going for the project, the project is still valued below $10 million.
https://coinmarketcap.com/currencies/stakenet/

This is the speculation board, and I can easily see this project move to $5 (50x the current price). And that's based on 2 key elements here. The DEX, and the multi currency light wallet. Those fees will make running a masternode very very lucrative in the future, which will raise the price a great bit once the alt bull run starts.

Final Words
A part from all of these things mentioned above, it's worth noting that the roadmap of 2019 also includes Cross Chain Proof Of Stake, Oracles, MimbleWimble transctions and more.
The team has delivered everything they promised so far, sometimes with a slight delay - However I prefer quality over something half made any day.

Best of all, the Stakenet community is one of the most friendly communities I've seen. Join their official Discord server and see for yourself!
https://discordapp.com/invite/cyF5yCA


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