/biz/ - Business & Finance

>Bitfinex Deal theory

See OP, then read this.

>>26131609
>>26131635
>Bitfinex are the only CEX(that im aware of) that have already integrated the lightning network and use it for deposits/withdrawals. They are one step ahead of the game.

>And im not sure if you've been paying attention, but bitfinex have been implicated heavily in the Tether FUD. I'm not going to go too deep into it, but there is definitely some legitimacy too it. anyone that been on /biz/ long enough already knew this however.

>Bitfinex is owned by iFinex, who is the parent company of both Bitfinex and Tether...

>When you start scratching the surface of iFinex, you find some very suspicious details.
https://amycastor.com/tag/ifinex/

>What i'm trying to get at here is - the owners of bitfinex are clearly motivated to obscure their business and financial operations, hide profits and evade taxes.

>Combine these skills with cryptocurrency , and inevitably you will be drawn to Stakenet. Many of us here have already described how Stakenet will be used world over to launder money in a completely untraceable way. Stakenet DEX will literally transform how easy it is to launder money.

>I would bet big that the owners of bitfinex have discovered stakenet and plan on taking full advantage of its capabilities.

Now see this post from last November (pic related)...

>>26131609
>>26131635
>>26131689
This is STRAIGHT from the CTO of Bitfinex in late November:

https://twitter.com/paoloardoino/status/1309499845925679104?s=21

>1. I believe that DEXes are a key component for the future of crypto, but current DEXes are easy targets (as in liquidity providers, token holders, companies promoting the product, eventually will cash out from CEXes) hence their best feature to me is being non custodial.

>2. But then you can still have non-custodial solutions with central high perf matching

>3. If you want to have a real DEX it has to be P2P, with a network structure similar to #LightningNetwork You can still have central matching and P2P settlement and thousands of micro-exchanges.

>4. @bitfinex is working to provide a standardized interface to centralised matching for non-custodial exchanges. This is the next frontier.

>5. Then if you want to build the next unstoppable underground cyberpunk DEX I'm with you. Why it is not born yet such product? Because in order to make it unstoppable it won't generate profits for the developers but just for who runs a micro exchange node.

Everything he describes here aligns with XSN. He then proceeds to get several replies from XSN shills on twitter detailing the project.

Granted, we already had an anon here at the start of september claiming the XSN devs have a 'deal behind closed doors with a top 10 CEX to pull billions of $ in volume through the DEX'....

More 'larp' posts drip feed over the months, including one in november that claims a deal was reached in early september and they were under NDA, so they couldn't discuss it. If we search the discord history, we see the devs refer to the fact that they are under NDA several times...

Then we can start looking at Bitfinex and it's history, its ownership, and see why it's owners would clearly be very motivated to possess the utility that Stakenet will provide.

>>26131689
Price prediction for this project EOY?

>>26131743
1/2

>>26131791

>>26131766
7 - 15
>>26131791
XSN is STILL under the radar, when it hits top 100 it's gonna Polkadot it's way to the top 5.

The FIRST mention of any sort of deal between XSN and a major CEX was from an anon in last SEPTEMBER. he then proceeds to drip feed more information but claims the XSN Devs are under NDA's and couldn't disclose anything.

What's the likelihood of a /biz/ larped calling something this specific, that early? It was no larp. Most likely a member of the XSN community team leaking information here.

>>26131945
this would be wayyyy to far IMO, but if it's true I imagine it's 6+ months away given the timing of leaks vs reality. It'd be a top 5 coin overnight tho.

>>26131888
Wow. Wish I knew about XSN earlier. Can only afford like 4000 coins

>>26131832

>>26132080
4000 * 5 = 20000 - not bad

>>26132166
lulz the world is waiting for this shit

>>26132579
we're still really early in the cycle
a 100x is legitimately in play

this goofy fucker went from -$60,000,000 MC to $10,000,000,000+ MC and it was just a chink ETH clone.

XSN is literally the infrastructure that will interconnect the biggest blockchains in the crypto economy, allowing crypto to realise it's 'decentralised finance' ambition so that we can all truly 'be our own bankers'.

Just how much do you think XSN will go from here?

Look at what UNI and SNX have achieved in terms of price performance.

Now look at what XSN will be providing in terms of utility to the blockchain. It is immensely more valuable, and scalable.

There is no doubt in my mind that we will surpass their market caps within just a few months of the public DEX release.

In 2+ years the Devs have committed little to no resources towards marketing and getting a major CEX listing. We have seen both in the last few weeks. Why? They have stressed that they will not put any resources towards marketing until the product is ready for public release. That time is now.

Stay strong, remember the value of your investment and don't sell your grandchildrens birthright for a measly 10-20x. We are on the doorstep of a parabolic price acension that few ever get to even witness, let alone partake in.

>>26132166
Admittedly, I have been the one sharing the 'Cyberpunk standard of banking' XSN post all these months.

https://medium.com/the-capital/the-cypherpunk-standard-of-banking-88f84a834180

What's the likelihood of the Bitfinex CTO perfectly describing the Stakenet DEX, refering to it as a 'Cyberpunk DEX', the leaks claiming the 'major exchange deal' all occuring at the same time just being a coincidence?

There is long dated reference to the XSN Devs having been under NDA's if you search the discord. Pic related.

Each of the following coins below are layer 1 DEX's with a native currency, or otherwise has a use case that will be rendered obsolete by Stakenet DEX:

UNI $2,000,000,000
SNX $1,850,000,000
SUSHI $850,000,000
LRC $470,000,000
ZRX $405,000,000
KNC $240,000,000
CRV $215,000,000
BNT $178,000,000
1INCH $100,000,000

This is a combined market share of roughly $6,300,000,000. There are many more layer 1 projects, and the real number is much higher.

Stakenet DEX will render all layer 1 DEX's obsolete.

https://streamable.com/kzpimj

And unlike the majority of these shitcoins, Stakenet actually has utility and is required to run the network.

I expect XSN to exceed this valuation by the end of the year. And this is not even taking into account the market share of the existing CEX's that XSN will absorb.

>>26133044
That's a good point... All the marketing makes me think we're close to ready

>>26131766
XSN will surpass shitiswaps market cap at a minimum. That puts XSN at roughly $20. This is my most conservative estimate.

>>26133262
>All the marketing makes me think we're close to ready

It's already confirmed. We'll be getting the release date announcement this Month. Bitfinex wouldn't have listed it if they weren't confident it was coming soon. Truth is, they have obviously known about XSN for some time and, as above, may have many other arrangements already in place.

>>26133005
>>26133044
Checked. ANS was an ETH clone and XRB took part in the "tx/s war" that was going on back then. Both exploded. Both were shilled on /biz/ back then - ANS especially. A lot of the board ignored them outright.
XSN is so much more ambitious than either and, in a way, has appealing attributes from both... a dapp platform like NEO, only code-agnostic. and fast, low-fee tx like NANO but for BTC and ETH
>>26133186
Funny because the article says 'cypherpunk' so if you were calling it 'cyberpunk' then maybe he was reading your post lol

>>26131609
If bitfinex larp is real we could smash right through $10.

>>26133500
FUCK I only just noticed that... When I was making those threads around that time last year I was titling them : XSN the cyberpunk standard of banking'

(I think cyberpunk is less cringe than cypherpunk)

>>26133500
>>26133637
Me, and others were making 'Stakenet is the cyberpunk standard of banking' threads as early as last July.

>>/biz/?task=search2&ghost=yes&search_text=&search_subject=The+cyberpunk+standard&search_username=&search_tripcode=&search_email=&search_filename=&search_datefrom=&search_dateto=&search_op=all&search_del=dontcare&search_int=dontcare&search_ord=new&search_capcode=all&search_res=post&__cf_chl_jschl_tk__=a823f8704b2abc81ff70733fa55292a7b96098f2-1610935859-0-AUHvlLbSI2iH0bGKiSWmbpGinewsUx8fdMKJhNhkQl52qtSNErviYtASHKgzPH6lXQI3v371MHCwA6JGuhHfjuGvvst6tJXZD-IJiB_RdrSIA64tyh5wa0UHuSX9PtA_yGodjzed2rx6XtifC0pUVuOyJopczpsxOUVfx2BqDOinzJS6INT1q-R23fk7dkYc0OiI2fbqooC0mjKJ_J8Ol2Y1MHgNI2qZV3mvrefcXPDeG3elyTe1oRQPzlxzvYoT0_SnypY7aWTLDHMk9AHpQNCPjs-YJo0d4r30hIYYM5S4s_sOpfBj4AwRfw33XCzLSaG8CSgQo9nubKcQmYT9tIXwnUFQuULz9-JfurXio88qwo57iTjAd_jsmLVGq_3z2ccfly_RSjlPEKoy3cH3lraPjZryFZ9Dniblfalfp_r_rJSDsfF8KlXmnUjjGwL9gKDEVof53oTJ5pZHcox-dgXw1mPc71zH3plMvt9ZyxPNn9I8s7-Uv1yR2hCwd2z2r19bXaZiN-LSGQfkj9AK4eDzfH99e9ZBFvEVm_tbKhRkYsLZ4LpdxkE3lpXqvrSDw7tGgwzU63qijQQ4iDSpD4XCOGOz89TpOYPzoTqAVMKtJVYxhDePQOf3VnPaHB3fG84ALnz6AZ3-TKIercVi2akTS1lXJp77PvN7BR5nZfKb

>>26133717
cuz it is

Long live cyberpunk

Integrate Monero please

>>26133044
That doesn't make any sense comparing this to SNX.

SNX can run smart contracts and there is a reason to buy synthetic assets because it reduces slippage and they can be exchanged for other derivatives, like wbtc, etc.

Reading XSN docs, it makes no sense. It says each masternode will be its own exchange with some kind of centralized karma rating.

Can someone explain this because it doesn't make any sense.

It's not like you can provide a pool of liquidity because it doesn't run smart contracts. So how does it work? The devs can't even explain it.

Looks like a pump in dump imo.

>>26133637
>>26133717
what a coincidence
it wouldn't be too out of the ordinary for someone influential in crypto to shitpost on /biz/

>>26133793
>Reading XSN docs, it makes no sense.

Then you are, quite literally, a retard. Because it's so simple a chimp should be able to understand it.

You are reading the right document right?

https://stakenet.io/Stakenet_Whitepaper.pdf

>Looks like a pump in dump imo.

Perhaps you should inform bitfinex. It looks as if they clearly made a mistake when they were doing they're due diligence.

>>26132166
>>26133500
>>26133044
>>26131766
Checked. How does $100 sound?
>>26132080
You can always stake anon.
>>26133330
>This month
>"Over the next month"

>>26133793
>It says each masternode will be its own exchange with some kind of centralized karma rating.
No where does it say this.
>pump and dump
>s-scam

>>26134044
Checked. I think he's a fudder or legitimately retarded.

Is the only way to get since if this through whitebit? If I'm a burger fag do I have to vpn?

>>26134150
It said it in the AMA. Don't tell me you don't even know what you're buying into.

Why are you getting mad?

i have 10 MN. what can i expect by EOY?

>>26134360
No it didn't. It says in stage 3 hydra masternodes will be able to host their own ORDERBOOK. The DEX is P2P.

>>26134401
What I love is that now with the bitfinex listing, all claims of 'scam', 'pump and dump' are just cringeworthy at this point.

>>26134384
Refer to >>26133279

>>26134401
I recommend you read the AMA again. It clearly says it will use a 'karma' rating system.

There is no point in continuing this conversation if you're going to be dishonest.

>>26135059
Source or fuck off.

>>26135059
>"This problem could be solved along the lines of “karma” points.
>Could be solved with karma points
>could be
Yeah you're a retarded, no reading comprehension.

>>26135059
>A: The XSN blockchain will be integrated at stage 3, called hydra, and will play an important role in the monitoring and policing of hubs. The blockchain will be used to set rules and regulations for the DEX operators that ensure good behavior and reliable service. In return for the blockchains service to act as “referee” for the operator, payment must be made in the native currency XSN (the extra work for the additional conversion does not lie with the users, but with the operators / DEX hub nodes).

>>26133793
>It says each masternode will be its own exchange with some kind of centralized karma rating


No where in the above text does it say each masternode will be it's own exchange.

>>26135133
>>26135188
Checked and btfo, kys pajeets.

>>26135188
https://medium.com/stakenet/stakenet-ama-part-i-bdfcb8997d6d

So the result would be that hubs running on the XSN network are reliable and have a reputation (= good karma) for good service. Users then prefer to connect and trade through these hubs (with “good karma”) when they do. Hubs (= liquidity providers) in turn earn fees, which gives operators an incentive to provide liquidity (the more liquidity they provide, the higher volume they can support). Higher exchange volume through their node would equate to higher $ returns.
Without a XSN masternode and without “karma points” you cannot offer and be paid for the following:

Why lie? Anyway, I've wasted my time enough. I think it's scam built on old tech. No interest in continuing this conversation.

Would not buy.

>>26135299
You don't understand how the DEX works. It's completely P2P. Each masternode will host an ORDERBOOK that connects with the others. It isn't it's OWN EXCHANGE.

Why are you lieing?
You said here >>26133793
>>It says each masternode will be its own exchange
It does not say that.

>>26135299
>you cannot offer and be paid for the following:
>doesn't list anything
>scam
>old tech
Yeah kys faggot.

>>26135353
English must not be your first language. I forgive you. The devs seem to be writing to purposely mislead you. It's your money, do what you want.

I think it's a scam, but you're entitled to your own opinion. I'm not mad at you.

>>26135667
You stated something that was untrue. I proved it was untrue using evidence from the ama. The karma system is just an idea, not a final decision.

English clearly isn't your first language as you've ignoring my previous statements proving you wrong.

>>26135353
That guy was literally not even FUDing but asking honest questions and you call him a liar lmfao

>>26135752
No he said that each node would be it's own exchange, this is false. No one in the ama does it say that. Yet despite me mentioning this several times he continues to ignore that fact.

I can't even buy this fucking thing, can't be that dope wtf

>>26135790
No where*
>>26135795
Why can't you buy anon?

>>26131609
STOP BUYING MASTERNODE SCAMS IN 2021. IT'S NOT 2017.

ARPA is the next bubble, and Bella Protocol are along for the ride. MPC IS THE FUTURE

>>26135790
If you really want to have that discussion you should just in detail explain what a node is supposed to be and tell him where he got it wrong. He's definitely the FUD spammer though. Just saw the other thread.

>>26135919
Honestly this shit has been explained 1000 times I really cbf explaining it to a fudder again, since they just ignore it.

>>26135949
He talks like the guy that pops up in every thread. XSN living in his head rent free

>bitfinex listing
>FUDers still up to their old tricks

>>26136338
kek

This has been shilled for years without any significant progress made.

Suckering in the gullible people is pretty awful.

>>26136623
>no progress made
>Bitfinex trading tomorrow
>full public dex release by the end of next month
Yeah fuck off cunt.

>>26136623
Thanks for the bump

(X) I know DEFI is the entire purpose of crypto. Its why btc was created. So we can be our own bank.

(X) I know BTC did not succeed because it didn't scale and for btc to succeed now it requires lightning network. For similar reasons, I know for eth to succeed, connext is required.

(X) I know a DEX with atomic swaps is too slow to be commercially feasible. A lightning and connext dex is required.

(X) I know people are fearful of trading on CEX due to situations like Cryptopia and Quadriga.

(X) I know XSN is the only project with a true dex integrating lightning and connext. It will allow people to trade peer to peer directly from their computer. They always hold their coin. Never transfer to an exchange.

(X) I know XSN has an actual working product available for public beta testing, and full launch date being announced this month

(X) I know XSN is not a project that talks. They just do. I don't have to worry about an exit scam.

(X) I know XSN masternodes will process transactions on the dex and will receive the fees.

If all of the above are true, my masternodes will fucking buy me a nice big boat and quit wagecucking.

if i canot get a master node is it even worth it

>>26137469
putting even 10 cents into this is worth it

>>26137469
I don't know. I don't think so, cause then you will only get a 1000x ROI and not the extra passive income from a node. It's plenty of 2000x projects I'd rather put my money in.

Hello sirs. I have all of my money in XSN. PLease buy if you want richness come many!

>>26138216
Thanks for the bump

>>26135949
The point is not to convince him but to convince other people reading the discussion. Right now you just look like you aren’t able to defend XSN

>>26138762
>You aren't able to defend xsn against the same fudder in every thread who uses the same argument everytime
Kys kid.

>>26138060
Tell me a 2000x project Anon. I fomoed 1/4 of my stack for a masternode

>>26138762
>Right now you just look like you aren’t able to defend XSN

Defend it against what?

The only ones who have to defend themselves are those that don't at least have a suicide stack.

>another erc20 layer 1 Uniswap clone getting /biz/ attention meanwhile anons are ignoring XSN

I swear only literal retards and geniuses populate this board. There's no in between.

>>26139654
Kek

>>26131609
coul you tell me what is this partnership between Bitfinex, XSN and Thether?
Serously what can XSN do for tether?

>>26140134
Nothing its a scam

>>26136647
they did say dex would be released by the end of the month? you have a source on that? not saying I don't believe you, I know it's getting close

>>26140134
Nigger I just posted all the bitfinex-XSN related content at the top of the thread.

Make of it what you will.

Now tether is a stable coin that operates on the Ethereum blockchain. Stakenet DEX will allow, for the first time ever, interconnectability between by far the two biggest Blockchains in the crypto economy BTC and ETH.

What's equally as important is that all the trades between these two Blockchains on the XSN DEX will be SAFE, INSTANT, CHEAP and PRIVATE. These transactions can also be done over the TOR network.

BTC/USDT is by far the biggest trading pair in the crypto economy. And soon thanks to XSN DEX, this pair will be able to truly be traded on a complete DEX Una decentralised way. think about the implications of all of this. If you can't figure it out for yourself, you really shouldn't be invested in anything crypto related.

>>26140287
Thanks for the bump

>>26140134
Same thing x9 did for Litecoin, build out it’s lightning network. Paolo has said many times he wants usdt on Lightning network so it’s not hard to believe if x9 has done it for them

As a burger how do I acquire this coin?

>>26140134
>spoonfeed time
alright retard. You ready?

>1. Watch this .mp4
>2. read this twitter thread: https://twitter.com/paoloardoino/status/1309499845925679104
>3. google "Paolo Ardoino" & "Bitfinex valuation", understand that BFX runs a net profit of ~$300MM annual, in a good year
>4. XSN is the cypherpunk standard of banking (also sometimes confused with "cyberpunk" - ring a bell?) https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180

if you need more, don't buy. I don't want to have to smile and nod while you bore me at the yacht parties.

>>26140754
>vid did not load
one more try

>>26140359
>Tether
oh god

>>26140754
Don't forget bitfinex is just an asset of the real company, iFinex, which owns bitfinex and tether.

I can't believe there is anyone who read those Paolo tweets and didn't immediately get themselves a suicide stack, if they didn't have one already.

>>26139654
>obsolete even before it launches
reminds me of the Hummingbird Project

RBC is Jessie Eisenberg/Alexander Skarsgard, XSN is Salma Hayek.

>>26140825
Tether are now just the FED of crypto. They are quite literally doing exactly what the central banks are doing.

This is PRECISELY why they are motivated to use technology like Stakenet DEX. See >>26131635

>>26140825
>he buys the tether fud
can't wait to pick up your BTC for cheap in March

>>26140826
for sure - and Paolo here is very shrewd. He doesn't intend to operate an exchange any longer than he needs to - he'd much rather focus on fiat on/off ramps and managing tether collateralization; it's much simpler, requires way less effort, and he only has to deal with stablecoins and a small basket of the largest cryptos - much less volatility on their balance sheets, much easier to maintain collateral requirements.

Bump

One thing... Isn't Polkadot a competitor to XSN?

>>26133637
Cyberpunk means something different though.

Where to buy?

>>26142228
If it was a competitor, it would be competing. Can you show us what polkadot are doing to provide the solutions that Stakenet is?

>>26135919
No one knows how it’ll work and what a masternode will do. We’ve been through this for 3 years. It’s actually funny watching this all happen again, you can go back in the archives and see this exact conversation. No one knows

First it’s ‘liquidity’ providers that get paid in fees. But that doesn’t make sense, since the dex is supposed to be p2p so liquidity should come from peers, not a hub pool. Then it’s ‘masternodes will host their own orderbook’ literally no one knows what this means. Then it changes into master nodes will monitor the blockchain. It’s all so tiresome. Lmao.

I know you’re buying at the top now and it costs a lot for a node. But maybe just get one incase they pull off something great which the shills cannot answer

>>26141069

> Tether printer go brrrrr
> Masternodes go brrrrr
> XSN hodlers in Lambo that go brrrrrrrr

>>26142956
It pretty simple

> Hubs have liquidity
> Users connect to hubs through lightwallet
> Users trade with each other with the hub connecting them.
> User A<>Hub<>User B

This is how lightning network works. Liquidity providers make fees as do MN's hosting the orderbooks, monitoring the transactions, providing watchtowers, etc. How are you still not understanding this when it is provided in a easy to understand graphic.

>>26142956
>No one knows how it’ll work and what a masternode will do.

https://stakenet.io/Stakenet_Whitepaper.pdf

A Masternode is a dedicated fullnode of a blockchain that resides on servers around the world to ensure decentralization and redundancy. While a staking node is responsible for the validation of the blockchain, a Masternode provides several services for the network. To operate a Masternode a valid collateral output of 15 000 coins for each Masternode is required. This was made to counter a wild growth of the nodes and to avoid rogue nodes. In addition to Masternode default features like instant send and decentralized democracy, our Masternodes are aimed to be one of the most powerful stations within the crypto industry and will earn a passive income based on the services they provide.

They will:
>Host and run XSN Dex.
>Host all needed blockchain explorers to ensure true decentralization.
>Host all blockchains needed to keep XSN Dex decentralized and light.
>Handle Lightning Swaps and Tokenized Swaps between different blockchains.
>Be used as watchtowers to host and monitor Lightning Channels.
>Use their collateral to provide Lightning Network liquidity.
>Authorize and secure the transfer of tokenized coins between different blockchains.
>Facilitate instant and private on-chain transactions.
>Provide onion routing and ensure secure exit points for the network.
>Host dApps for Stakenet and other blockchains.
>Be used for the decentralized democracy of the network.
>Offload CPU and database capacities for everyone within the Stakenet mesh.

Thanks to the Masternodes, the Stakenet blockchain becomes an ecosystem in which no single entity can govern and serve the entire network.

>>26143232
Blah blah blah lmao. Dude I have 5 masternodes and I don’t believe any of that shit. The white paper still contains XSNeth and XSNeos as wrapped tokens, when everyone says wrapped tokens are shit. The white paper is so old it’s unreal. Shall we go back into the XSNart white paper?

>>26140299
>Ama states that release date is coming by NEXT month
Everyone overlooks the word 'next'.
Release date will be next month, announcing the release date MIGHT be this month or it might be next month.

>>26143361
You clearly didn't read the whitepaper. Since you're only cherry picking certain statements out of context.

The whitepaper says there is an unlimited supply of tokens. 70 million premined from some other bullshit. That's not a very good sign for a long term hold. May still moon for a bit after listing at bitfinex. Not sold on all the hype about the magical anonymous dex. Where the fuck is it? Where do I trade between chains? Seems like complete vaporware. Read this paragraph and convince me this isn't a scam. Defend this shit.

"Since the total block reward for XSN will stabilize at 20 XSN, the supply istheoretically unlimited. Therefore, Stakenet burns every transaction fee withinthe network as a counterpart to the increasing supply and adds additional busi-nesses to provide more value to XSN. Either by burning the profits of those,thus, decreasing the supply of the XSN coin, or by sending their earnings to thetreasury to fund more projects and products. So, it is ensured that all profitswithin the Stakenet ecosystem will end up benefiting all XSN coin owners"

>>26144061
> t. The guy on the left

>>26144061
ETH has an unlimited supply and XSN inflation is already less than that of BTC and ETH at this stage of it's lifecycle plus it has burn mechanisms so your fud about "infinite supply" is bollox

>>26144061
Yes anon bitfinex have listed this complete scam, they don't do thorough due diligence and you discovered what they missed. I would get in touch with them and alert them immediately

>>26144061
As for vapourware download the open beta yourself retard:

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

>>26144143
btc is deflationary, you're clueless pajeet. this coin has an infinite supply, and the white paper openly tells you they collect an unspecified amounts for the 'treaasury.' Just be aware of what kind of shit you're getting into here if you think you're holding this long term.

>>26144061
>The whitepaper says there is an unlimited supply of tokens.
>the supply istheoretically unlimited.

If you cant understand the practical difference here then im sorry, YNGMI.
Anyways, you probably know this and are fudding to accumulate. wish you luck

>>26144218
And the dex is offline...

>>26144232
It's not an unspecified amount its very easy to understand but I'll break it down for you as obviously you struggle with basic math.

> Every block produced contains 20XSN
> 9 XSN - 45% goes to a MN
> 9 XSN - 45% goes to s Staker
> 2 XSN - 10% goes to the treasury for development

The 2 XSN that goes to the treasury has to be voted to be released by MN owners so every month X9 submit a proposal for the cumulative total of those 2 XSN and MN holders vote. If the vote passes the XSN in the treasury is released to the dev team.

>>26144333
No it's not offline, just you haven't got any open lightning channels retard. When you have offchain balances then it says online. Why are you desperately trying to misrepresent every single thing?

>>26142853
>Can you show us what polkadot are doing to provide the solutions that Stakenet
polkaster is a dex

>>26144539
Polka DEX is just more wrapped asset bullshit. Instead of wrapping assets on ETH you are wrapping them on their network instead so more of the same bullshit.

What's the bet site/exchange to buy XSN?
Binance and Coinbase doesn't have it listed.

>>26144858
Whitebit, no KYC if you keep withdrawals under the value of 2BTC a day.

>>26144858
Whitebit

>>26142956

>Go and learn about Lightning and then come back retard, spoonfeeding time is over.

And for the rest of you shills, stop spoonfeeding all those plebs. Only the worthy with enough brain power can buy xsn under 1$

>>26144333
OYYY VEEEYYY THEY SHUT IT DOWN!!!

>>26145032
i enjoy spoonfeeding new stakies while im on amphetamine sir, i'll continue at my heart's content.

>>26145032
When you make a meme like this you know you have a bulletproof investment. We are all gonna make it

>>26145099

Kek shitposting of this type is ok, just don't give straight info only breadcrumbs for the true autists to find.

>>26145032
true, low amounts of fud make me uneasy

>>26144061
Retard alert. It wasn't even a 'premine' it was a token swap from posw. Stakenet had no ico.

>>26145032
i agree, lets stop spoonfeeding and go back to being gatekeeping fudders. I didnt lurk here the entire bear market just to give away my fucking crumbs for free to some newfag who by nothing but sheer luck finds a XSN shill thread at the start of bull market. If you havent heard about stakenet by now you're not supposed to be in on the ride

I bought a bag on Whitebit. Am I better off transferring it to Bitfinex? Surely Bitfinex will have a lot more volume, right?

>>26145929
>Tfw newfag to investing in general but found those threads
heh....

>>26146076
yeah should do, the market makers on Bitfinex will have to have $1M on either side of the trade so will be a way thicker orderbook.

>>26146076
keep in on the cloud for now and move to bitfinex after listing if you absolutely want to trade.

>>26146134
Sorry I bought this bag on a whim. Please spoonfeed me why I should keep it in the cloud?

>January, 2021
>Stakenet FUDers are still alive

>>26146196
You get staking rewards

>>26144722
How can possibly XSN and Polka collaborate?

I cannot fathom how ANYONE in the crypto-sphere with even a basic understanding of the industry is not balls deep in XSN.

For the first time ever, trading between blockchain will truly be decentralised. The two largest blockchains by market cap, BTC and ETH, will finally be able to be traded directly over a DEX.

What does this actually mean? It means you can directly trade BTC for ETH, safely, privately, instantly, and cheaper than ever.

The ENTIRE purpose of cryptocurrency is DECENTRALISED FINANCE, and this can only be accomplished when we can conduct our crypto affairs on a DEX that facilitates

This is a fucking game changer and its right under our noses, right around the corner.

Even if you dont invest in XSN, it's going to change your crypto experience for the better.

Any guesses on XSN's price when it hits Bitfinex?

>>26146196
dont keep it on cloud, staking rewards are rather small and its not worth keeping their your entire bag as a) withdrawals are limited by 2k usd and are rather slow, so in case of quick pump you are bound to miss it. Just transfer to your core wallet or keep on whitebit if you want to swing

>>26146896
0.60

How long does a tx from Whitebit to Bitfinex take? It's been more than 30 min now.

>>26146992
Cope

>>26144369
if 9xsm goes to a pool is that then divided amongst the users in the pool?

>>26147186
it does take a little while I panicked too, mine took about 30 mins

>>26146896
About tree fiddly, unironically

How many nodes to make it? I’m currently sitting on 40k XSN and feeling more and more like it’s not enough

>>26147992
Thats almost 3.
Nice stack!

>>26147992
if anything you should be feeling more and more like it IS enough.

we will be exceeding shitiswaps market cap within just a few months of the public DEX. thats roughly $20/XSN. 40,000 x 20 = $800,000. This of course is just the beginning for XSN.

Anyone with multiple masternodes can be even more comfy, because you could sell just one masternode and retain a suicide masternode, and continue to earn passive income from that.

$100 XSN is no meme, anon. thats roughly $10 billion MC. For the biggest DEX and one of the biggest exchanges in crypto? thats conservative

https://medium.com/stakenet/bitfinex-exchange-listing-announcement-jan-12-2021-9745c885a170

>>26134360
>>26135059
>>26135299
>>26135667
Our beloved pajeet who has been shilling for the past 6 months straight has returned guys. This is a signal that he believes he can shake out some hands for cheaper XSN at this turning point. Bullish. New investors beware, this specific guy's full-time job is to fud XSN on the daily.

I'm afraid that this will dump hard as fuck when it gets on the exchange. Just check out the top holders on https://xsnexplorer.io/
A shitload of several hundred k+ wallets, 111mil tokens in circulation. I'm afraid I'll get dunked on like shit when trading starts tomorrow :(

And no, I'm no shill or professional fudder, I have 7500 xsn that I pretty much went all in on and I'm scared I'm gimping myself on the bullrun were having right now

>>26149866
It probably will, dont worry

>>26147992
>40k
>not enough

I got 200 coins so...

>>26149866
Then just buy more

>>26149866
If it dumps below 35-40c, I'm buying more.

This will be dumped to oblivion on exange listing LOL

>>26150458
What makes you say that?

>>26149866
>>26150458
>this coin i have invested in has now been listed on a top 10 high liquidity exchange, its product that has been developed for years is almost public and momentum is snowballing. a multi billion dollar evaluation is more than likely
>now is the perfect time to sell.

The only thing that is going to rise as much as XSN's price is the levels of seething nonet cope on this board.

>>26150840
This. Even if it 'dumps' a new floor will be made.

>Stakenet has built a true next-generation DEX solving many of the issues that currently plague the DEX industry, such as ever-increasing costs and transaction times. Stakenet has built their DEX from the ground up using time-tested Layer 2 technologies such as the Lightning Network and Connext Network.

>Using Stakenet’s technology it’s possible to make a layer 2 instant swap between BTC and USDT, and that’s just the beginning. Their tireless efforts have rendered them irreplaceable for crypto.

Key highlights of Stakenet’s Layer 2 DEX:

>It provides instant and virtually feeless cross-chain trading.
>Users retain full custody of their funds at all times as they own the private key for their wallet.
>Projects and users can run their own hub of the DEX which adds further liquidity to it and can support their chosen currencies.
>“Vortex” enables the DEX to share liquidity with other exchanges, both centralized and decentralized.
>It is run entirely on their decentralized Masternode network.
>The community members who run a master node will earn a share of the fees earned from the DEX.

>Layer 2 allows Stakenet DEX users to trade faster, cheaper, and more privately than any other DEX available today. Professional trading tools can also be used on Stakenet DEX opening the door for decentralized high-frequency trading. With Stakenet DEX there are only two “expensive” on-chain transactions. Moving your funds off of their main chain to Layer 2 and moving them back on-chain to their main blockchain. Once off-chain, there are no on-chain/gas fees and transactions are settled instantly making it ideal for high-frequency trading.

>With more users going towards Layer 2 solutions, Stakenet is a great choice because of its inevitable connection to all other chains. They’ve ensured their long term survival because of Bitcoin’s lightning network infrastructure. Any other project that implements the lightning network is instantly compatible with Stakenet.

>Stakenet utilizes their arbitrage/liquidity mining functionality dubbed “Vortex” by their community which is connected to any Centralized Exchange (CEX) or Decentralized Exchange (DEX) that allows API access. Vortex allows users to trade on the DEX and access the liquidity within the other exchanges order books, such as Binance, by utilizing the instant transactions to complete orders on the opposing exchange with confidence.

>>26150458
Don't give me hope you fucking gorilla nigger

>>26151246
>>26151272
If there was any doubt at this point ...

>>26131609
Its such a scam im up like what 7x?
Going to 20-100dollars when hydra is done in 3-4 years. Not selling before that

>>26149866
Reminder that this does not show masternode holders, those are just staking/trading wallets

>>26152019
So it's even worse, then.

>>26152002
Like LInk Marings the Stakeneets gonna be the envy.

>>26146903
what if I want to stake but don't have 15k?

>>26152281
market sell now anon, before its too late.

>>26152305
Use cloud wallet, anything deposited there is automatically staking

>>26150880
>pump to $5
>dumps to $2

what is the countdown for the listing ?

>>26152772
21 hours 8 minutes from the timestamp of this post.

>>26152772
I don't think they announced a specific time.

>>26152772
>>26152806
>>26152808
>You are able to deposit your XSN today, 12 January 2021, and trading will go live on 19 January 2021 at 12:00 UTC.

>>26152305
you can stake in your wallet, on the cloud, or through TPOS (have some1 trustlessly stake on your behalf). Still pretty good ROE, think 8-11% or something.

>>26152772

>>26152836
Ty I didn't see that.

>>26131609
why does it have to be a pain in the ass to buy though

>>26153180
It's easy to buy,
>whitebit
>xsn/usdt pair
>no kyc - up to 2 btc withdrawal

>>26153180
it'll be on Bitfinex in 12 hours... that's pretty easy no?

>>26153215
kek

>>26149866
Someone refute this anon's fears. Please. I want to scoop up more but this is keeping me.

Why not just invest in DUSK which has a guaranteed non rumoured partnership with bitfinex?

>>26153270
no anon you will get dumped on and this is a coin ran by known POSW exit scammers

>>26153270
>>26149866

Every coin has whales. But the remaining holders have been tested with low lows (5c), high's (50c) over the summer and not dumped.

They are the whales you want, the believers.

>>26153270
What's more worth the risk?

>buy xsn now, prices dumps, pumps after
>dont buy xsn now, price pumps, you now priced out

>>26153208
yeah just cant be fucked signing up for shit sometime. wish it was as simple as uniswap or somethin

>>26153287
>>26153312
Gtfo
>>26153323
Based

We're dumping back to 5c

>>26153287
because it's MORE layer 1 garbage that will soon be made obsolete

>>26153312
>>26153388
you had three years

>>26153370
You're gonna have to wait for the Dex then. Once connext is on pubic release or open beta then the aggregator will pull the xsn/usdt pair to the dex allowing you to buy.

>>26153448
I want to stress that the DEX is p2p, and the aggregator is only there to guarantee constant and high liquidity.

>>26153270
we simply cant. its most likely going to dump, and if you cant afford losing the money tomorrow you should sell right now. we're currently trading at ATH so it would be stupid to not sell now imo

>>26153789
>hit $0.7799 usd last night
>ATH was $0.88
>Currently $0.6726

>>26153836
>>ATH was $0.88
i knew this was a nazi coin

>>26153851
That's why we moon.

If this is true its big. Finex will pump this shit. I would like to buy this token but it is only listed in shit-tier exchanges.

Good morning boys,

Richie here. Woke up a little late but glad to see my fellow stakeneets charro by and being lively on the beautiful Monday. Enjoy the day off!

Sincerely,
Richie

>>26153988
Checked.

>>26153988
checked. thank you based rich richie

>>26153937
i dont get it,
whats stopping you from buying it?
>make a account (just needs email)
>send ETH
>buy XSN
>remove XSN
i did it in like 30 minutes

Hey lads, I'm a brand new fag that has been lurking these threads constantly. I invested about 7k in XSN as my first investment and have about 10k left to invest. Couple questions.
I thought it hit bitfinex this morning? Why is the price stagnant then? When do we expect it to take off?
Should I double down and go all in on XSN or at least get enough for an MN nor while its cheap? Expect it to dip any further than .6x to do so? I have 9.5k XSN right now. Just tryna make it

>>26154201
trading starts in 21hrs

>>26154201
bitfinex is tommorrow
>Should I double down and go all in on XSN or at least get enough for an MN nor while its cheap? Expect it to dip any further than .6x to do so? I have 9.5k XSN right now. Just tryna make it
You should decide yourself its your money

>>26154201
When bitfinex listing got announced, the volume jumped from 200k to around 1.5-2mil volume. Price is taking a short break before trading starts on bitfinex. Having expectations for price swings can either be a hit or miss, the miss is punishing.

Pic related
Average Monthly Block rewards for 1 masternode at different ranges of nodes.
>2755 nodes currently.
>xsnexplorer.io

>>26154201
>>You are able to deposit your XSN today, 12 January 2021, and trading will go live on 19 January 2021 at 12:00 UTC.
not yet trading on Bfx, but SOON™

Stakelet here, is it worth staking if you've only got a couple thousand stakies?

>>26154631
Yes. Trezor staking is ready but ledger is coming after dex release.

>>26154631
Yes absolutely. If you've got a couple of thousand, put it in the Cloud wallet and you'll earn a few XSN per week.

Friendly reminder only redditors and retards give a fuck about short term price action.

Stakenet WILL be at a very minimum, equal to uniswaps current marketcap. That's a 35x from here. Let me show you why:

1. Uni LPs get all the fees and suffer impermanent loss. Where as Masternodes (coin holders) host the dex and aggregate liquidity. Therefore get all the fees. Uni is just a governance token. No built in mechanism to utilize the token with fees... yet or ever . Xsn is governance and mosternodes provide services like the DEX

2. UNI is on the ETH block chain only, where as XSN is bridging the BTC and ETH through lightning swaps.

Uniswap token has barely any utility compared to XSN, and it's DEX is vastly inferior and will be rendered totally obsolete by Stakenet DEX.

Until we inevitably exceed shitiswaps market cap I dont give a fuck about the price, but I will be buying any dips we're lucky enough to have.

Australian stakeneet bro singing out. goodnight lads.

>>26154201
do you think the bitfinex listing will pump XSN, or will it crash and let you buy in cheaper? it is your call.
>>26154631
why not?

Why did the price crash? Now I'm getting skeptical....

>>26154676
>>26154657
>>26154939
Thanks frens, I bought in and staked them in the cloud last week. Just wondering if there was any downside. Didn't think so.

>>26154947
Frontrunning the bitfinex dump

>>26154947
>down 0.1%
it was nice knowing you all

>>26154947
it's over...

>>26154947
devs minted new coins by abusing backdoor. absolute mental in the discord and everyone is dumping

>>26154947
the rug is being pulled. thread by thread.

>>26154947
we flew too high to the sun
the fudders were right all along

NOOOOOOOOO

>>26155227
>>26155313
>>26155388
kek. see you at $10

>>26154947
noooo, its over, sold my bags, bought rope goobye frens

>>26155388
i read that as
>the udders where right all along

How can you see that devs minted new coins? Where do you see that? Don't see it on discord

>>26154947
okay fren maybe this isnt for you.
i own 3 nodes but XSN could dump to 30 cents for no reason at all. but it will also bounce back.

>why dont yo usell now
there is a chance it will just fucking moon at any moment
the best thing i could do was exist crypto with my 3 nodes and not look at the price or come to biz for 4 months and then check back in to see how i am doing.

but i dont want to miss the memes. i have 10k XSN i plan to swing with for fun and see what happens

>>26133005
It's going to eventually settle around $30-40 imo, but that's after this cycle's peak where it should hit $100

Plis dump to 0.2$ again i need more

Looks like a new build of the DEX is online and trading has resumed. Wonder if they getting something ready for tomorrow.

https://orderbook.stakenet.io/monitor/xsn_btc

I hope you all buyed the top

>>26156492
Wouldnt surprise me if they announced something tomorrow. Would be the perfect time for it.

>>26156615
I buyeded the lowest low for my village sirs, did you do the needfull??

Where do you see that devs minted new coins?

>>26156492
10k volume. Nice Uniswap killer you got there.
Imagine buying into this..

>>26157051
DEX literally just went online for testing mongaloid

>>26157051
>imagine comparing uniswap to something that still in closed beta

>>26157468
seems bullish to me

>>26131609
i wanna farm some more opinions about a XSN themed bloodbowl theme.
what race would be appropriate ?

>>26157532
Of course I think this is going up, but god, how much I wish I would have bought now at 0,6 instead of 0,7.

btw, I just got fired.