/biz/ - Business & Finance

>>27222421
All this bullish news and yet it dumped from .70 to .30

I would love to hear the cope that will most assuredly be tripping over your words to find some way to talk yourself out of how this XSN shit is still on the path to unseating decentralized dexes.

It's almost laughable how long this ruse has been going on for.

>>27222992
It ran up from 0.20 to 0.70 in anticipation of bitfinex which caused it to drop. Now its recovering nicely to 0.45. It will go above 0.69 and then ATH of .88 next month.

Feb is last month to accumulate before March. March is when Stakenet will launch their phase 2 plan for their Dex.

Phase 1 basically will end when their private testing of USDT <-> BTC swaps is complete. Public testing of the Dex will mark the beginning of Phase 2 which will feature multi-hubs and the team will then transition to hydra.

Hydra is their last phase of Dex development. They will decentralize all the components, hubs, orderbook, auditors, and other pieces to the masternode network. There will be a hard fork but don't worry, after that, XSN chain will be used to host the unstoppable Dex

This is the issue with efferium

L2 Dex vs onchain dex

Few

Anon why don't you have a suicide stack yet

cxoooooooooooooooooooooooooooom

where tf do i trade this shit in australia

>>27226839
whitebit, no kyc nigger.

>>27226839
whitebit or bitfinex

>>27222421
Bump

>>27227263
>>27227034
ty

>>27227034
ahh the evasive australian nigger

Didn’t the XSN devs do a pump and dump scam coin already?

>>27227679
Nah, it’s just the shills go through cycles of rampant shilling with multiple threads every couple of months to pump the price. Then they sell off. That’s why it dumps so goddamn hard, it’s like a cyclic pump and dump. Very easy to swing trade.

>>27227795
>>27227679
Actually XSN is ready for prime time so I'm just trying to reach some newbies.

It is still very unknown and underground. The devs have been silently building their dex infrastructure and its a big moat that other projects won't be able to leap frog.

The shilling comes when new exciting news are being announced by the devs. They just announced their masternode fee plan for their hydra phase which is the final decentralization network.

Getting a masternode is like owning digital real estate. Its like owning BNB but actually have it generate passive income. XSN masternode will earn up to 22-45% of all the fees.

DYOR and join their discord if you don't believe me

>>27227978
I want to believe...

Recommended reading brah?

>>27228061
This is all you need to read:

https://stakenetmasternodecalculator.web.app/

Go there and see what your returns are with just 1 Masternode based on DEX volume just running an the orderbook. If you add liquidity of assets you want to trade then you make even more.

Here is the link for the McWagey edition too:

https://stakenetmasternodecalculator.web.app/wage

Connext is alive in the latest update for the closed beta

>It’s happening

>>27229536

>>27229536
?????????

the problem is that no one will download a software to trade

>>27231059
And channel fuckery is expensive

>>27231150
>channel fuckery is expensive
what do you mean

>>27231059
what about robinhood

>>27231570
Need to hold collateral. Onchain fees whenever you close/open a channel. Channel only as wide as your funds. Need an incoming and outgoing channel. Incoming can be rented though (no onchain fees, but funds will be on L2 for a short time until that rent expires and you get onchain fees to L1)

>>27231150
Still hundreds of times cheaper than trading on uniswap.

>>27232112
And this is a problem how?
In practice it'd be very similar to paying a bit of money to make a deposit to a CEX, upon which you are allowed to trade as much back and forth as you want with your deposited money. It's not completely perfect, obviously, but it's still the best bet we have of reaching a scalable yet decentralized system of trade.

>>27232112
Oh wait, I'm sorry. I realize I straw-manned you. Didn't read your earlier comment and just assumed you were fudding.

>>27227978
That's the shittiest citadel I've ever seen.

>>27229536
explain to a smooth brain what i am looking at here thats amazing ?

>>27233691
a multi-currency light wallet that can swap instantly from (real) btc to eth on l2 going online

>>27232112
and this is a problem because..?

>>27233929
Because it doesn’t make it any cheaper lol. It’s only ‘cheaper’ if you plan to trade multiple times per day with a tiny amount.

You need to use your own coins as collateral for whatever you want to trade. So if you want to trade $100 worth of xsn. You need $200 worth to begin with, since $100 would be needed as collateral to open a channel with $100 capacity.

Also for normal people, they hold their coins for months if not years. You’d have to move your coins to layer 2 to trade them if you did this months apart. Ergo you’re going to be paying the same l1 gas fees each time. Unless of course you keep your Chanel open forever and keep topping up the fees.

Comfy with my node, saving up rewards for a second node.

>>27234397
What is that interface

>>27233371
kek