Investing in Stakenet is investing in the future of Cryptocurrency

[Anonymous No.22630227]

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.

The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now are not providing cheap, private, quick trading on a decentralised medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transaction that are occurring over the Ethereum network, this has lead to congestion(too many transaction for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant for example, Buy LINK with BTC. You must use ETH.

[Anonymous No.22630228]

>>22630227
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.

Heres someone much more qualified than me, Andreas Antonopoulos, to explain this

https://streamable.com/kzpimj

'Once we have efficient, well designed DEX's on layer 2, there wont even be any DEX's on layer 1'

[Anonymous No.22630258]

>>22630227
what coin buy? ? sir please

[Anonymous No.22630310]

Where do I buy?

[Anonymous No.22630330]

how many for a masternode again?
does stakenet have plans to implement any CEX features like stop/limit orders or margin trading or smart contract execution?

[Anonymous No.22630364]

>>22630330
15k xsn for mn

[Anonymous No.22630448]

>>22630310
>>22630330
Here you go.

[Anonymous No.22630850]

>>22630227
I HAVE NO SHAME ANONS

Here's a better summary:

RottenSwap, a deflationary SushiSwap fork, with no dev fund so no Chef Nami rug pull.

>The main differences are:
1. no dev fund
2. The SUSHI is rotten. Every transfer, 2.5% of the amount is burnt and transformed into MAGGOT tokens. The MAGGOT tokens are valueless since they are highly inflationary, but the rotten sushi (ROT) is expected to go up in value as the supply is highly deflationary.

>What is the governance?
Once enough rotten sushi (ROT) have been farmed so that a cheap attack is no longer possible, the ZombieChef contract ownership will be transferred to the governance contract. There is no ROT dev fund (no rug pull).

>What does the MAGGOT token do?
Nothing. It will be up to the governance to decide its purpose. RottenSwap is a random experiment with no purpose.

>When does the staking start?
it literally just started 30 mins ago. GET IN HERE.

https://twitter.com/TheTimTempleton/status/1307043687554314240

www.dextools.io/app/uniswap/pair-explorer/0x5a265315520696299fa1ece0701c3a1ba961b888

app.uniswap.org/#/swap?inputCurrency=0xd04785c4d8195e4a54d9dec3a9043872875ae9e2

rottenswap.org/#/

t.me/rottenswap

Only 35 holder and 200k+ APY and 20k marketcap. A few eth is worth a gamble of an easy 10x if it pops off like any other foodswap.

Already 80 eth LIQUIDITY, only 70k TVL for ROT-ETH - YOU'RE EARLY.

Coingecko listing has been applied for.

[Anonymous No.22631806]

>>22630448
Thanks for the guide, what's the benefit to being a masternode?

[Anonymous No.22632558]

>>22631806
The XSN coin is the infrastructure that will host the Stakenet network and the DEX. Masternodes(15000XSN) is essentially a colleteral that you front and that hosts this network. As such, masternode operators receive a percentage of the all the fees generated by the infrastructure they host. You can likewise stake any amount of XSN for fee's.