XSN Hopium Thread / 2.0 / Hydra

[Anonymous No.26359090]

Hydra example not including block rewards;
> Fees = 0.25% of daily volume
> Divided between all masternodes (2500mn)

1 Million daily volume
> 0.25% x 1000000 = $2500
> $2500 / 2500mn = $1 per node
> $1 x 7 days = $7 per node a week

10 Million daily volume
> 0.25% x 10000000 = $25000
> $25000 / 2500 = $10 per node
> $10 x 7 days = $70 per node a week

100 Million daily volume
> 0.25% x 100000000 = $250000
> $250000 / 2500 = $100 per node
> $100 x 7 days = $700 per node a week

1 Billion daily volume
> 0.25% x 1000000000 = $2500000
> $2500000 / 2500 = $1000 per node
> $1000 x 7 days = $7000 per node a week

If the LARP regarding Bitfinex partnership is true then 1 Masternode is a make it stack. This would be just a starting point of the DEX volume and will be expected to grow. Whales are unironically going to be part of the Elite 1%.

[Anonymous No.26359138]

Wtf... Is this correct?

[Anonymous No.26359150]

I've been in this space for a while and I am known by my peers as quite the crypto connoisseur.
My track record speaks for itself. I bought ether at $2, XRB at $0.01 and chainlink at $0.16.
I always do my due diligence and I take great pride in being a very thorough investigator - always with a keen eye for important details that others tend to overlook.

After going through Stakenet and everything related to its core project, I found nothing but red flags. The DEX is both ambitious and intriguing at first glance, but when you take a closer look, you will find shocking revelations - if you know where to look.

1 - the XSN blockchain is a hardfork of the previous scam project PoSW. Usually these hardforks are community driven and want to continue their own way without the criminal devs.
In this case however its the devs themselves who did the hardfork. This way they get to scam the same community TWICE with the same blockchain. They dont have to go through the effort of establishing a new community for their next scam - remember, this is often the most time consuming stage for a scammer.
If you disregard all the immoral implications that follows, its almost commendable what they've achieved.

2 - The team controls a massive share of the supply. I indexed the blockchain via their block explorer and found a strong correlation between the top 100 wallets and amount of time spent before they vote on governance votings.
This is just sloppy on their part. What this means is that once they've created a governance protocol to vote for, they will go to their wallets/nodes and cast votes in their favor (usuall treasury unlocks for team etc).
The top 100 wallets are with a 0.97 accuracy always the quickest to vote, within minutes every time. I assume they've made some sort of program that automatically casts the vote on behalf of all the nodes so they dont have to do it manually.
These wallets account for close to 40% of the supply. Highly problematic!

[Anonymous No.26359166]

>>26359090
WOW. Wait.. I have 15 nodes...HOLY SHIT

[Anonymous No.26359179]

>>26359090
>If the LARP regarding Bitfinex partnership is true then 1 Masternode is a make it stack.

[Anonymous No.26359199]

>>26359166
Checked and based

[Anonymous No.26359239]

>>26359150
FRIENDLY WARNING TO ALL NEWFAGS

there has been an endless FUD campaign waged against XSN for years now. If you search the archives, you will see the same tired, baseless arguments copy and pasted again and again.

Stakenet (XSN) has now been listed on a tier 1 exchange, bitfinex. The 5th largest crypto exchange. These top exchanges have to perform a huge amount of due diligence and thorough research on any coin that wishes to get listed. Only if the coin meets their thorough criteria will they risk listing it.

In the case of bitfinex, owned by iFinex (the parent company of bitfinex and Tether), they are enormous influence on the crypto economy and under much scrutiny by law enforcement across the world as regulations tighten and governments look to restrict access to cryptocurrency. Bitfinex wouldn't risk listing anything even potentially worthy of litigation.

tldr; all FUD has been rendered obsolete by the bitfinex listing, you are being scammed by XSN whales who are trying to keep new investors out and suppress the price

[Anonymous No.26359267]

>>26359179
Holy fuck is this legit?

[Anonymous No.26359357]

>>26359267
around stake shills never relax

[Anonymous No.26359359]

>>26359267
Yes its true. Whale here and in closed beta.

[Anonymous No.26359388]

>>26359138
>>26359267
It's true... all of it.

[Anonymous No.26359446]

>>26359388
C-checked...

[Anonymous No.26359514]

>>26359090
PLEASE BE REAL I CANT STAND BEING A WAGIE ANY LONGER

[Anonymous No.26359624]

>>26359090
Calculating at a fee of 0.1% is more realistic as this what fee's will most likely to be lowered to.

The good news is, anything sub $1,000,000,000 daily volume is FUD. This is going to be THE crypto exchange.

[Anonymous No.26359686]

POSW exit scam its so fucking obvious

[Anonymous No.26359839]

>>26359150

Only MNs can vote on governance proposals. The voting history of each MN is very clearly visible on the governance site.

there was no need to index the blockchain or track top 100 wallets, lol.

The most Yes votes I can find on a proposal is 700 MNs. If the team controlled all 700 of these, if still wouldnt be anywhere close to 40%.

but i guess you already knew all this since you are "quite the crypto connoisseur" and reallly very well researched.

gtfo.

[Anonymous No.26359845]

>>26359150
3 - The community is very racist. In their discord, XSN is often referred to as "only for whites!" and slogans like "1488" is thrown around constantly.
Furthermore, if you ask a question in their help channel you first have to provide a picture of your hand before you get any answers. If your hand is melanin rich the community leaders will either give you a false answer or outright ban you. For instance - the other day some fellow from Kenya came in and wanted to know how to deposit XSN to stakenets cloud staking service.
After providing a picture of his hand, Jopark (one of the admins) gave him the burn address instead of the cloud staking address. Poor guy lost 100% of his crypto portfolio cause the recent shill campaign on /biz/ convinced him to go all in.

If you have mistakenly bought in to Stakenet, i must strongly advice you to sell. The price will most likely continue to trend downwards until it floors at 5 cents.
Reason being that the team is continuously transferring coins from the treasury to bitfinex under the pretence of "providing liquidity".
I have said what i came here to say, now the rest is up to you. good luck.

[Anonymous No.26359897]

>>26359686
cope, newfags refer to >>26359239

[Anonymous No.26359922]

>>26359686
At this point, I just feel sorry for the investors. I feel bad that they're going to end up losing all their money and missing out on all the other opportunities.

Sometimes people get so caught up in unrealistic expectations driven by greed, that they look past all the red flags by creating a safe space in their mind to justify their actions.

By the time they realize it's a scam, Eth might be $3k. Sure, that's 'only' 3X appreciation, but it's better than holding onto something that will inevitably go to 0. I really feel bad for them because I'm starting to sense the desperation, and it's just not fair that the scammer team is doing to this to them.

[Anonymous No.26359958]

>>26359922
thanks for the bump

[Anonymous No.26360115]

>>26359897
Fork the coin, fork the exit scam

[Anonymous No.26360131]

>>26360115
thanks for the bump

[Anonymous No.26360134]

>>26359624
0.1% is still very good money.
And yes, over 1 bil is most likely.

[Anonymous No.26360254]

>>26359150
2 shitcoins with the same dev on the teams. that speaks volumes. noted anon ty

[Anonymous No.26360296]

>>26359897
Just think about it. How would you go about creating an exit scam?

You would limit you legal liability by creating two organizations. Why is it that Stakenet doesn't hire anyone internally? Why do they contract out all their work?

The problem is that X9 team is awarded for their 'work' with XSN tokens and the X9 team also has the majority of the Masternodes, which means they can vote for themselves to get pay raises. This is called the principle-agent problem.

Furthermore, they have limited legal liability. Meaning, if things go sour, which they will if you consider you're investing in an L1 fork of DASH, with extremely limited technical capability, they will simply say that they tried hard, but couldn't get it done.

Since Stakenet 'contracted' out the work to X9, they can say there was a disagreement and create a situation where it is very difficult to hold anyone liable in a court of law. That's why they set up their organizations like this. It's the same thing they did with the PoSW exit scam.

The problem is that L2 solutions are built to be modular, meaning projects can essentially plug them in, so not only are you competing in a land scape where that doesn't give you an advantage, but you're also building on ancient blockchain technology, incapable of running complex logic.

For your own sake, at least diversify. You are going to be financially ruined if you put all your money into this scam.

[Anonymous No.26360300]

>>26360296
thanks for the bump

[Anonymous No.26360329]

>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.

[Anonymous No.26360354]

>>26360329
>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.

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

[Anonymous No.26360391]

(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, FUDers will be swinging from lamp posts and Stakeholders will be sailing into the sunset on superyachts.

[Anonymous No.26360435]

>>26360300
I'm trying to help you. What do you think is going to happen to the price when everyone tries to exit at once?

[Anonymous No.26360524]

>>26360435
thanks for the bump

[Anonymous No.26360552]

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.

[Anonymous No.26360584]

>>26360296
Why has bitfinex listed such a blatant scam? Have you informed them of this?

[Anonymous No.26360701]

who /masternode/ here

[Anonymous No.26360906]

Just doing my bit, keeping you FUDers working 24/7.

[Anonymous No.26360919]

>>26359897
If X9 were contractors. They why is draper and the chinks face on the posw home page as ‘posw’ team. They weren’t subcontracts. They WERE posw.

[Anonymous No.26360978]

>>26360919
thanks for the bump

[Anonymous No.26361057]

>>26360701
2 here. I've used the dex. If it's a scam, they've put more effort into their "bait" project than many of the "legitimate" projects out there. Lol. It's a functioning minimum viable product since last year and it just works. The constant high effort fud campaign only makes me want to buy more.

[Anonymous No.26361126]

>>26360919
Yeah, no. I was here before 2016. The project crashed and almost died and x9 stepped in. But thanks. Keep your money.

[Anonymous No.26361140]

>>26360552
The difference between those networks and Stakenet is those are built to be EVM compatible.

UNI and clones are based on smart contracts. There is no way an AMM can be built on Stakenet which is a fork of DASH which is a fork of BTC, which is 10 year old technology.

Why would you have a derivatives platform compared to Stakenet?

Unfortunately, there is simply no comparison of Stakenet to any of those projects because Stakenet is built on UTXO tech, which is really only capable of processing transactions. It can't run complex logic.

You realize that every single one of those solutions is going to implement a layer 2 solution, right?

[Anonymous No.26361179]

>>26360919
They were clearly misleadingly advertised as the 'posw team'

The reality is, who gives a fuck? Stakenet is a legitimate project that has now been listed on tier 1 CEX. If it's legit enough for bitfinex, it's legit enough for me.

[Anonymous No.26361190]

>>26361140
thanks for the bump

[Anonymous No.26361285]

>>26360584
Do you ever come out of your safe space?

https://coingeek.com/bitfinex-wants-1-4t-market-manipulation-lawsuit-dismissed/

[Anonymous No.26361295]

>>26361140
>You realize that every single one of those solutions is going to implement a layer 2 solution, right?

Then why aren't they?

[Anonymous No.26361316]

>>26361285
thanks for the bump

[Anonymous No.26361355]

>>26361295
They are. Don't tell me you're this clueless. Loopring already uses ZkRollups.

[Anonymous No.26361371]

>>26361285
How is this relevant? Other than proving this point >>26359239

[Anonymous No.26361381]

>>26361355
thanks for the bump

[Anonymous No.26361432]

>>26361355
Oh wow cool so how does this help facilitate interchain transactions?

[Anonymous No.26361460]

>>26361371
https://coingeek.com/crypto-crime-cartel-the-end-is-nigh-for-tether/

"For example, we now know that Tether and exchange Bitfinex are in fact owned and operated by the same people (the parent company is iFinex). This wasn’t always the case: in fact, up until 2017, the companies insisted there was no relation between the two (when asked at one point if the two companies are the same, Bitfinex CEO Phil Potter denied it, saying the two companies merely bank at the same banks."

[Anonymous No.26361497]

>>26361460
Again, how this relevant?

[Anonymous No.26361510]

>>26361460
thanks for the bump

[Anonymous No.26361513]

Too late to get on this train?

[Anonymous No.26361548]

>>26361513
No. 35 cents
1 mn is $5500

[Anonymous No.26361571]

>>26361513
>$38,000,000 MC
>can buy on bitfinex

nigger, you're lucky you can still get in on the ground floor.

[Anonymous No.26361588]

>tfw when 11 nodes
>tfw we're already in GAIA and prometheus will be out before end of Q1
>tfw when im soon out of the wagie cagie

I will be swimming in a pool of of my own cum and gold nuggets EOY

[Anonymous No.26361615]

>>26361588
Based and checked. FUD is ramping up like i've never seen, so we must be getting close to release. We know it's this quarter.

[Anonymous No.26361862]

>>26361615

[Anonymous No.26361962]

>>26361432
Right now, I wouldn't say that rollups are at the point where they can do that, but within 6 months, you'll see that. But the question then becomes, how relevant is that anyway? When you can scale Ethereum, why do you need other L1s?

You could make the argument for BTC I suppose, but lightning network is no where near production ready. It still has massive vulnerabilities.

https://bitcoinmagazine.com/articles/good-griefing-a-lingering-vulnerability-on-lightning-network-that-still-needs-fixing

Plus, there is opportunity cost of using your BTC as collateral on lightning when you can get better yield on Ethereum.

BTC is really only good for payments, but now that there are stable coins, it is HIGHLY unlikely that it will ever be used for payments to vendors. There are a few reasons for that that I won't get into.

With that said, why would anyone need Stakenet for anything? What would be the reason why people would use Stakenet? There are no applications on it. At least with Polkadot for example, there are applications that run on it where interchain communication might be necessary. It remains to be seen how viable it will be in the long run.

Stakenet is useless. There will never be any DAPPS on it. You also can't hold liquidity on chain.

There is a reason why VCs aren't rushing to put money into a fork of Dash.

[Anonymous No.26362013]

>>26361962
thanks for the bump

[Anonymous No.26362104]

you are seriously stupid if you buy now, you can buy for less in a month or maby a week. Look at the volume dropping from XSN, more than half in a week is gone.

Dont buy now so they can dump on your ass.

The dex is not evern working yet. Take it easy, i will buy at 2500

[Anonymous No.26362125]

>>26362104
thanks for the bump

[Anonymous No.26362134]

What is a node and how do I get one?

[Anonymous No.26362195]

>>26361862
>dick hard

[Anonymous No.26362340]

>>26362134
masternode is 15,000 XSN

buy from bitfinex and heres how to set one up

https://www.youtube.com/watch?v=x9_YdU8vWrU

[Anonymous No.26362366]

XSN can absolutely be something good, but again, look at the graph the patterns (TA), Does it look bullish? Kek, chill and buy cheaper in a week or month, dont FOMO in.

The volume is dropping alot, 0.25 is next

[Anonymous No.26362410]

>>26362366
thanks for the bump

volume is normal

if your so confident why not take a leveraged short position? bitfinex has that option.

[Anonymous No.26362556]

>>26362366
>TA in crypto

[Anonymous No.26362713]

>>26361962
I like how you just ignored my question about the relevance of your bitfinex FUD

You just throw shit to see what sticks and when someone calls you out you move on.

[Anonymous No.26362989]

this. *facepalm*
take it easy fomos

[Anonymous No.26363007]

>>26362989
thanks for the bump

[Anonymous No.26363008]

I like The Works. It’s everything you want on a pizza – and then some. A heaping helping of pepperoni, julienne-cut Canadian bacon, spicy Italian sausage, fresh-cut onions, crisp green peppers, mushrooms, ripe black olives, and real cheese made from mozzarella. When you’re hungry for a hearty pizza, the Works always works.
>Pepperoni
A custom-made combination of real pork and premium beef pepperoni, making it a delicious topping on any Papa John’s pizza.
>Canadian Bacon
Our Julienne-cut Canadian Bacon is crafted from pork sirloin with a natural smoke flavor and cured with Papa John’s proprietary ingredients.
>Spicy Italian Sausage
Papa John’s pork sausage is made from an exclusive recipe with select Italian seasonings. No artificial flavors, colors, preservatives or bulking agents like TVPs or cornstarch, also known as fillers, are used. That’s why we can call it “real sausage,” not sausage “topping.”
>Onions
Peel back the layers of our US #1 yellow onions and what do you get? A classic pizza topping full of flavor. We ship onions to our restaurants multiple times each week to ensure freshness, where we slice fresh.
>Green Peppers
You can’t go wrong when you go with our green bell peppers. Never frozen or vacuum packed, the crisp, farm-fresh peppers are shipped to Papa John’s restaurants several times weekly, then sliced fresh.
>Mushrooms
Top-quality toppings like our mushrooms are synonymous with Papa John’s Pizza. Mushrooms arrive fresh and pre-sliced at our restaurants, ready to complement and enhance your favorite flavors.
>Black Olives
We source the finest ripe black olives from Spain’s famous Herrera region known for its fancy-grade olives. One taste and you’ll know why.

[Anonymous No.26363208]

>>26360701
I got one here anon...feels fucking good...bought in at 7c and 3c...

[Anonymous No.26363405]

>>26363208
wow thats "cheap" everyone in stakenet discord buys their for 1500$ each year, this year tho, its a little expensier, around 2500$ but it doesnt matter, because they will dump in at 12k-15k$ on all the new fags in here once they have shilled this project enough. Its the same every year.

[Anonymous No.26363457]

>>26361962
Cope and dilate

[Anonymous No.26363534]

>>26363405
thanks for the bump

[Anonymous No.26363576]

https://www.investopedia.com/terms/f/fallingknife.asp

[Anonymous No.26363718]

>>26363457
If that helps you to sleep at night, by all means, repeat that in your head. I just hope for your own sake that you didn't put too much of your savings on this scam because it's going to be a rude awakening for you when your delusional fantasy because a nightmare of a reality.

I really do feel sorry for the people that got suckered into this fork of Dash.

[Anonymous No.26363737]

>>26363576
>>26363718
thanks for the bump

[Anonymous No.26363753]

>>26363576
X9 is gonna pump XSN again so it can buy out more small Papa John's chains and merge them into a big one

[Anonymous No.26363906]

>>26363753
when they said interchain, they didn't say anything about this

[Anonymous No.26363971]

>>26363906
kek

[Anonymous No.26364030]

>>26363906
when they said my masternodes would be bringing in big dough i didnt know this is what they had in mind

[Anonymous No.26364195]

>>26364030
uh oh

[Anonymous No.26364348]

>>26362134
you buy it sir

[Anonymous No.26364466]

Hopefully someone will come to their senses

[Anonymous No.26364534]

>>26359090
Lmao you sad sad fucks.
Didn’t you hear that lightning network was dead? Yeah, it’s not happening. XSN will never launch. No one will ever use it. It will always be a low volume shit-exchange. Rune blows it out of the water. Sell your bags. Move on.

[Anonymous No.26364645]

>>26364466
>>26364534
Are you gonna order a pie or what?

[Anonymous No.26364745]

>>26364534
Thanks for the warning, just sold all for blockkek DX

[Anonymous No.26364839]

>>26361126
>be in crypto since 2016
>Miss out on life changing gains by holding a large portfolio % XSN

kekd

[Anonymous No.26365212]

>>26364839
Yes, life changing losses.

[Anonymous No.26365310]

Everyone shits on rbc in the discord but they should have bought it to double their masternodes. Now I have more than them.

[Anonymous No.26365461]

>>26365310
Literally did the same thing. RBC has run its course so it was time to move to aproject with actual legs

[Anonymous No.26365527]

>>26365461
Rbc has some growth left in it for sure up to $1-$3 but not the potential of XSN which should be in the $30s if the bitfinex volume rumor is true

[Anonymous No.26366470]

>>26359845
Racist community? Bullish as fuck!

[Anonymous No.26366957]

>>26366470

[Anonymous No.26366974]

>>26363906
>>26364030
>>26364195
lmao, fuck you anon

[Anonymous No.26367298]

>>26366957
>look at this 0 volume, it surely has nothing to do with the livecoin hack.
Also, how is this relevant to stakenet being most based community out there?

Dumb fucking nigger.

[Anonymous No.26367335]

>>26359179
alright im gonna nitpick like a faggot autist, isnt it supposed CYPHERpunk? dev team being cicada 3301 confirmed

[Anonymous No.26367831]

>>26365310

Based

[Anonymous No.26367838]

>>26367298

[Anonymous No.26368012]

>>26359845
oh no no no

[Anonymous No.26368338]

>traded all my ETH for XSN @0.60
>XSN dumps hard
>ETH moons

should I neck myself?

[Anonymous No.26368714]

>>26368338
probably

[Anonymous No.26369324]

>>26367838
Expected behaviour when new exchange is announced for a low cap project. Look at the announcement date and when the rally started. Now we are at same place before the rally.

If you didn't take profits before the listing, you deserve to lose money.

You are exceptionally retarded, even for a nigger.