/biz/ - Business & Finance

>Wouldn't Binance, OKEx, or some other big exchange be able to beat a relatively obscure altcoin traded primarily on a relatively obscure exchange with ease if they're sitting on billions of dollars in capital to invest in?
Most DEX efforts from CEXs from last year like Binance DEX fall flat on their face. Now it's too late for them to catch up and the wiser ones are placing chips on the new generation of competitors as evidenced by Binance's recent interest in UNI.
>If that's the case then why haven't they backed XSN? They backed UNI, AVAX, ORN, and SRM in some way. Why not XSN?
I don't think they have any reservations for or against it right now. XSN is the only one of these coins that didn't have an ICO. It's all voluntary word of mouth so they really may not even be aware of it yet. The room for discovery it has is half the appeal of it having such a low market cap.
>How much potential is there here?
Bitcoin hasn't even broke $20k yet and already UNI almost broke a $1 billion market cap.
Do you think that was a one-time anomaly or do you think that investments in DEX solutions has room to grow and hit new records?
$42 billion in 24 hour trading volume and the market still isn't even awake yet.
>tl;dr
XSN is a $20 million project - currently lesser-known in a burgeoning multi-billion dollar industry that's probably going to spearhead the next bullrun and it could break out like XRB because it's more advanced than all its competitors.

I'm in Anon. Wen moon?

>>23067492
>>Why does it only have a $20 million market cap?
Because their interoperability solution got totally btfo by REN.
+25k BTC locked in REN. +$850MM volume since launching in May. At current prices a darknode costs $23k and earns over $250/month.
The market has spoken. Listen to it anon.

>>23067624
BTC has to moon a little more and then go sideways again. I think that will be the next time XSN does a major breakout again.
>>23067656
XSN is interoperable with REN and LN BTC and this entire market still has a lot of room to grow. I hope you make it anon. Here's a classic.

>Less than $50 daily dex volume
OH NO NO NO NO NO

>>23068001
is the DEX in beta or not?

>>23068001

Blockhead spotted, you better make a trade on the BlockDx before you shill so your Twitter bot won't show 0 daily trades kek.

https://coinmarketcap.com/currencies/stakenet/
the graph looks weird, it had two moonings, will there really be a third one?

Everybody knows that more MN means more supply locked... so not exit scam, no people dumping. No drama.

Just market manipulation while people smarter than YOU are buying cheaper than YOU.

Just gonna drop this here

>>23068049
It is.
>>23068174
>>23068204
Based.
>>23068109
Yes. BTC and alts are still waking up. Pic related.

>>23068049
Yeah they need watch towers and raiden then it’ll fly

>>23068421
And marketing

>>23068204
Just noticed in the video the transaction date is august 6th.........

>>23068483
There isnt a lot of time to accumulate. I hope you got at least 1MN

>>23068483
Yeah that's an old community made video iirc

>>23068549
Is it? I only saw it posted in the discord a few days ago. I know the previous video was a XSN - wEth swap not a btc one.

>>23068559
Progress being made on multiple fronts, at least.
The hard fork, 4.0.4, Raiden, and LN watchtowers.

>>23068650
Speaking of watchtowers weren't they added a while ago? I don't think the devs have explained it well. Not what it does but when we will have it.

What is the Stakenet Treasury and why 10% of the minted XSN goes to it?

>>23068670
https://stakenet.info/governance/
X9 devs propose a budget with the Treasury funds. Their access to these funds is contingent on getting enough votes from the masternode owners to pass it.

>>23068750
oh cool
Now what are the chances of getting 51%'d? That's my biggest worry with these PoS coins. Anyway this project looks really promising and is actually delivering something, I'm considering setting up a masternode

>>23068109
CMC does shady stuff to xsn.

>>23068774
XSN is a hybrid staking coin. Block rewards split 45/45/10 staking/MNs/treasury with disincentives for imbalances - i.e. over-representation of MNs to XSN in staking.
As block rewards are split, I supposed you'd have to gain dominance within both the MN and staking rewards and then corrupt the Treasury.

Bought today. Tell me this is the dip.

>>23069132

If you bought in the 1600sat-1750sat range then yes, you bought the bottom.

Fuck you

>>23069183
Bought at 1720.

>>23069183
kek
>>23069262
make it anon

seeing the charts give lower and lower estimations of rewards is kinda messing with me ngl. the one posted in this thread is like a full 20% lower than the mcdonalds mn chart image. Will having 1 MN really be enough when there are 4000+ MN?

>>23070201
There won't be 4000+ masternodes.... You clearly haven't done any research.

The blockrewards is design to work like a see-saw. 45% to nodes 45% to staking

When nodes increase over staking then staking becomes more profitable, making more people stake etc. It goes both ways.

Now. The total circulating supply of XSN is

107285041.16282478
1 node = 15000

so 7152 Nodes max is currently possible. assuming balance (50-50 since the 10% treasury is not circulating)

If all the circulating supply was staking and in nodes at perfect balance it would be 3576 nodes.

Now. XSN is inflationary (very small inflation) HOWEVER the DEX does have a deflationary mechanic (not yet active). Let me explain

100% of the DEX fees will be used to buy XSN at market price. This creates buy pressure for holders btw.

Out of that 100% of fees, 10% of that xsn will be burnt, the rest will be distributed to nodes (in hydra. not sure how it will work before then)

>>23070201
And yes even with 4000+ nodes 1 is enough. Block rewards are only the DEFAULT. Include things later on such as trading fees (pic related) and things become very comfy. Now note that XSN is a blockchain and more Dapps will be built other than just the dex.

>>23070366
I mean you aren't wrong, Ive done very little hard research on XSN. Thanks for taking the time to explain it to me. Is that second image daily or monthly or yearly?

>>23070404
You are on mobile? The picture name says daily. Here is monthly.

>>23070413
nah im not phonefagging. I just didn't look. Ive been awake too long.

>>23070421
Go to sleep anon. I probs sound rude but ive been spoon feeding retards on /biz/ for months now. Remeber always DYOR, it's how you differentiate between a shitcoin scam and a legitimate moonshot.

>>23070413
>>23070384
thank you for the help though. working on my second node so ive done some amount of research, just not 100% on everything>>23070439

>>23070448
If you have the time.
>Read whitepaper
>Read through FAQ
>Ask questions in discord
>Try out the dex yourself (or wait for next major updates)
>See EPOS and coooooooom
Stakenet has a broad and long vision but i think they will pull off what they want to do. Also congrats on getting a node.

ngl chart and price action looks very bullish if it doesn't drop further.

>>23070469
Thanks, I'm rushing to get in before the price jacks back up. I bought my first node near the actual top, so this is very nice to be able to get in at the new bottom. Wish it was still 17 cents tho.

I checked out the faq, read the roadmap, pretty excited for a lot of the features, too afraid to use the discord,

>>23070585
Nice
>>23070604
Good luck man

>>23067503
>It's all voluntary word of mouth so they really may not even be aware of it yet
Oh they certainly are lmao

im buying this as soon as they get to better exchange than some russian "livecoin" and i want to see is the team eastern european or not, they probably are and im not trusting them. also the idea sounds ambitious as theres more better competitors like uniswap or binance, normies dont care if they can use bitcoin to swap instantly or not. they just rather use binance or coinbase to buy their favourite shitcoins with visa

but sure, if the concept gets mainstream attention and ppl start using some random dex instead of binance or coinbase, sure xsn will fly by then

>>23071724

>>23071785
>normies dont care if they can use bitcoin to swap instantly or not. they just rather use binance or coinbase to buy their favourite shitcoins with visa
True that there's gonna be those people who just buy XRP on Coinbase or trade on Robinhood. There are a lot of people interested in using stuff like Uniswap, though. A lot more than many had anticipated this time a year ago. Pic is old but relevant.

>>23071785
0/10 fud

>>23072106
I'm pretty sure normalfags don't invest to begin with. How many do you know with over six figures in any kind of investments? Now how many of them hold significant amounts of crypto, say >5%? They aren't even worth consideration, it's like selling sand to an Arab in the middle of the desert. They don't want it and don't know what to do with it.

>>23072106
yes dex are rising tide but not necessary xsn. that is my concern. a token which is only tradable on some literally who -eastern european exchanges with only beta "actual working product" with liquidity of 50$. there are more serious competitors than this.

>>23072158
fud? tell me exactly whats fud here. you can see on coinmarketcap that XSN is listed only on livecoin and coinall, theyre literlly who, poor pajeet excchanges with 1M laughable liquidity and shady looking backgrounds. TELL ME WHATS THE FUD HERE. i see your bags are heavy,if you see that as a fud. youre naive.

>>23072166
I think we are one more bullrun away from creating a group of normies that are permabullish on crypto.
A lot of people remember 2017 and a lot of them are still under the impression that Bitcoin is done. Every time this pattern is recreated it makes a bigger impact on the public and it creates an effect where FOMO is almost irresistible. Some of us that finally got in when BTC broke $1k again only did because we remember when it was $5, $100, $250, etc.
I could see Bitcoin reaching a status with normies where it just becomes this cliche that "it always goes back up again".
It's like how everyone that knows how to charge an iPhone is a "tech wizard".

>>23072233
Fine nigger.
>>23071785
>as soon as they get to better exchange than some russian "livecoin
XSN is a competitor, big exchanges will not list them. If xsn wants to be listed they will have to pay huge fees which is better spent on development. Big exchanges will eventually list XSN FOR FREE because they will have no choice or miss out on trading volume.
>i want to see is the team eastern european or not
If you weren't a complete retard or an idiot fudder they you would be capable of doing your own researh https://www.x9developers.com/
>also the idea sounds ambitious as theres more better competitors like uniswap or binance,
False, CEXs are not competitors. The is no other project that is even close to where stakenet is.
>, normies dont care if they can use bitcoin to swap instantly or not. they just rather use binance or coinbase to buy their favourite shitcoins with visa
Incorrect. "Normies" do not even buy crypto and I can tell you right now they will not want to hold up a photo of their face and passport/ID with writing just to get verified.

>>23072233
>CMC
CMC regularly fucks with xsn's market data. Use coingecko instead. Also they are listed on beaxy as well.
>1M laughable liquidity
If you weren't a retarded fudder you would know that over 80% of xsn's supply is already locked into staking and masternodes.

You fud is extremely poor. All of your arguments have been made multiple times in the past yet you still insist on repeating yourself time after time. Kys nigger.

>>23071785
You and every other normie getting into this late. When XSN is obviously undervalued is the same time you'll be able to easily load up from the DEX. No one has had issues with Livecoin sans some slowness and outages, but its up to you. Accumulators love it though.

>>23072233
Checked. You're right that there are competitors with bigger markets at the present moment. XSN still isn't in full swing yet, but it already has solid, heavy infrastructure in place that nothing else presently competes with. Its bread and butter (normie UI and Raiden) is in the finishing stages.
It has a much lower market cap than many of its technologically inferior competitors at the moment because it doesn't have those big exchange listings you're looking for. That's the risk to investing in it. The reward of course being incredibly returns if it simply catches up to market caps seen by its competitors in the $100-300 million range (instant 5-15x) and if it really takes off from there, then a Uniswap level market cap or higher would easily be attainable and you could have a 40x or more by next year. The odds of XSN succeeding look better and better over time.

>>23072394
oh and forgot to say their GITHUB IS EMPTY AF

lmao. but
>m-muh theyre developing!!

yeah, since 2017, price only been tanking since. they have hell lot of work to do to compete giants like CZ.

>>23072497
>no one has had no issues
>except some slowness and outages, with loq liquidity

LMAO the cope. you must have heavy bags to attack alleging these facts as a "fud"

>>23072233
I mean it's really only on livecoin, the other options are shit. I don't see what is so bad about livecoin though. It's one of the better exchanges really. Better than kraken, hotbit, btcforex, etc.. Very simple and painless interface. It's still a cex so I wouldn't leave funds on it overnight but that's no different from how you'd use binance and coinbase. I've never had problems with them like I have using coinbase. Maybe a bad comparison but they are popular so it makes sense to compare it to them. Xsn has problems but it's not livecoin. I hold 20mns so I see it as being worth a shot at least, layer 2 looks like the future and if the team would just accomplish something, anything, I will get rich. There are worse bets you could make here.

>>23067492
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This channel previously brought you:

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If you want to participate in my future calls then be sure to check out the telegram channel "Uniswap Chads". I do weekly moonshots and already have 350+ chads that have joined and many are profiting from these pumps.

>>23072677
>better than kraken, hotbit or all the other 1B liquidity exchanges


yeah sure it is, dmitry

do you ever know what you're talking about? kraken is becaming a fucking crypto bank. youre comparing eastern european literally-WHO nigger-exchange to a legit regulated bank.

>>23067656
Ren is shit and works with wrapped tokens just like every other shitty "dex"

>>23072632
>oh and forgot to say their GITHUB IS EMPTY AF
Fudder confirmed.

>>23072756
Yeah you are definitely a gay fudder.

>>23072632
What's fud? The exchange has no reported problems related to security, takes maintenance breaks and has a bit longer confirmation times on deposits. If there was a legit problem now you would have heard about it rather than trying desperately to find one in a comment supporting its integrity.

>>23072817
you say facts are fud? fucking show me that im fudding. even a child can check those claims that they arent fud. you are just mad because i debunked another shitcoin as a useless shit.

>>23072878
every exchange with sub 100M$ liquidity is shit. thats one reason why XSN is pajeet-tier

>>23071785
>im buying XSN
>>23073118
>XSN is pajeet-tier

>>23073118
You contradict yourself. Plus you're retarded so there's that too.

>>23072756
I judge them based on user experience. I don't care if it's run from the fucking kings bathroom and is tied with the intergalactic bank. If it's a pain in the ass to use I'll go somewhere that functions better as an exchange. Banks and exchanges are two very different things.

>>23073407
kek

>>23073118
>every exchange with sub 100M$ liquidity is shit. thats one reason why XSN is pajeet-tier
XSN is nerfed by the fact that no one wants to buy off these exchanges. Eventually when buying it off the DEX is commonplace and/or it gets listed on big exchanges, it will be speculated at and traded for its true value. For now, anyone willing to put up with some unorthodox exchanges gets the reward of being 'in' before the normies recognize what's actually going on here.

>>23068483
I like that. So they can handle btc - weth since 2 months. Means they are further than we know. Full ETH integration and Uniswap GUI around the corner

>>23068001
lies
>>23069262
me too - bought up my latest node @ 1625 sats