/biz/ - Business & Finance

It's almost time to end the coordinated fud.

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 (XSN) 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 has more volume than Blocknet's DEX, which has been on the market for 2 years.

Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.

Ok... but what does it actually do and solve?

The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply and privately.

Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralised exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralised exchanges like Mt. Gox.

The alternative? Decentralised Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leavesYOUR possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.

Last chance to accumulate sub 3k sat.

Once ETH is integrated into Stakenet's DEX, you can add at least a 0 to that number to start off.

Imagine Uniswap, just with instant, virtually free trading, while you can keep your tokens in your own wallet simultaneously.

Last change to accumulate sub 3k sat.

Once ETH is integrated into Stakenet's DEX, you can add at least a 0 to that number to start off.

Imagine Uniswap, just with instant, virtually free trading, while you can keep your tokens in your own wallet simultaneously.

https://medium.com/stakenet/stakenet-dex-open-beta-dd5c78175608

I challenge anyone doubting this project to try the DEX on their own.

This is fucking HUUGE.

The pump has already begun, don't wait too long....

Did you buy the dip anon?

Anyone else accumulating this BEAST?
How big is your stack?

Huge buy and sell orders. Whales are definitely accumulating before the blast off.

Are you ready anon?