/XSN/ Stakenet General

[Anonymous No.26396978]

BTC-USDT stress testing edition

>What is Stakenet(XSN)?
https://pastebin.com/jiMdEAN8

>Whats the easiest way to set up a Masternode?
https://www.youtube.com/watch?v=x9_YdU8vWrU

>Official Site
https://stakenet.io/

>Whitepaper
https://stakenet.io/Stakenet_Whitepaper.pdf

>Lightpaper
https://medium.com/stakenet/stakenet-light-paper-56552f8c07a2

>Developer updates
https://medium.com/stakenet

>Latest Development Update
https://medium.com/stakenet/xsn-core-update-jan-2021-1f2b1f585b58

>Hardware Wallet Cold Staking
https://medium.com/stakenet/trezor-tpos-guide-fb9ea90382fd

>Additional reading

>Quick rundown
https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105
>X9's contributions to LTC
https://medium.com/stakenet/litecoin-foundation-and-x9-developers-announce-collaboration-510ca985b6
>Exertive Proof of Stake
https://medium.com/stakenet/exertive-proof-of-stake-epos-4a999807f9e4
>Great write-up of Cross Chain Proof of Stake (i.e. stake XSN, receive BTC)
https://medium.com/stakenet/posw-weekly-ccpos-cross-chain-proof-of-stake-de1ac87055cd
>The Cypherpunk Standard of Banking
https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180
>Ethereum Scalability Solutions, Connext and Stakenet | XSN Research
Scalability Solutions
https://medium.com/stakenet/ethereum-scalability-solutions-connext-and-stakenet-xsn-research-4edb29267bb6

[Johny Kruz No.26397012]

lol.
That’s gem you could show up?
Illiterate mid-wit confirmed.
Run along and “kill your girl”
Don’t beg me to kick you off from this topic
wanna go for profit - use your fucking brain and go for BASE
That’s all I can advise you

[Anonymous No.26397018]

>Our First Decentralized Layer Two BTC/USDT Swaps are underway!

>We have started testing manual trades of BTC<>USDT on XSN DEX. This means we have officially connected Bitcoin and Ethereum chains over their respective second layers. You can monitor live test results as they happen over the coming days in our DEX stat page

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

>BTC/USDT is an important milestone as it is the highest traded pair in crypto by volume

>For the first time users will soon be able to do instant trading with low fees on BTC/USDT, ETH/USDT and ETH/BTC (and more), fully decentralized with a centralized exchange experience with orderbooks, charts, limit/market order options, trade history and more.

>We are preparing the trading bots to stress test BTC<>USDT which will showcase the XSN DEX's capabilities in handling high rate trades (tx/sec) utilizing the Bitcoin Lightning Network, ETH L2 and our newly added Connext client to compete with centralized exchanges.

>Look for our upcoming ANN with an official report of our ETH L2 stress tests results, and further development updates

FUDERS ON SUICIDE WATCH

[Anonymous No.26397084]

>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.26397105]

>>26397084
>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.26397266]

>>26397018
DEX by end of quarter, most likely sooner. We will get the official launch date between now and roughly 13th of Feb.

WGMI

[Anonymous No.26397269]

>>26396978
This should literally have 100 times the marketcap. But it will never be. I hate life. Its not fair xsn bros.

[Anonymous No.26397331]

>>26396978
something something diaper
something something draper
pee pee
poo poo

[Anonymous No.26397549]

>>26397269
It will one day. Just not today. That's the name of the game anon. We're so fucking lucky we can STILL buy at these prices.

>>26397331
Highest quality FUD I've seen in months.

[Anonymous No.26397659]

(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.26397690]

>>26396978
Feels good to be all in

[Anonymous No.26397718]

>>26397266
Checked
>we will be entering Stage 2 of our DEX before end of Q1 which at this stage users will be able to use the DEX
>before end of Q1
>at this stage users will be able to use the DEX

>>26397269
Hang tight brother, we're almost there. You're going to make it. We all are.

>>26397690
Based.

[Anonymous No.26397770]

>>26397266
What exactly is stage 2 though? It's not 100% lear based on the roadmap. Does this full erc-20 compatability?

[Anonymous No.26398068]

>>26397770
We are in stage 1 now, and this is basically the full launch of the Multi Coin Light Wallet, and the DEX(which is one product, you can store your coins in the wallet and instantly access the DEX from there, its an all in one coin HUB)

This INCLUDES erc20 capabilities. Devs have confirmed that we will complete stage 1 before the end of this quarter. So the DEX will be fully operational and publicly available by the end of this quarter.

This alone is fucking huge and will send us to the stratosphere.

[Anonymous No.26398103]

I'm a paedophile and I hold exclusively XSN and LINK.

[Anonymous No.26398204]

>>26397770
We will have the full DEX with erc20 by end of quarter. Anything past stage 1 is expanding the infrastructure and moving it onto the masternodes.

It will be far too late to afford a masternode by the time the DEX has been operating for a few months.

[Anonymous No.26398296]

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.26398386]

Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

[Anonymous No.26398399]

>>26398386
>Lightning Swaps

With decentralization slowly finding its roots in today’s world, people are showing an inclination towards replacing centralized intermediates with decentralized ones. Although the acceptance of a complete decentralized organization is still distant, there has been the emergence of a lot of services which now help people in carrying out transactions without an intermediate party. Atomic Swaps are one of these. In simple terms, an Atomic Swap is a smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries, such as an exchange.
In August 2018, we released a new Lightning upgrade along with the implementation of Lightning Network and Atomic Swaps. The combination of Lightning Network along with Atomic Swap allowed the execution of “Lightning Swap” which is an instant and nearly fee-less cross chain trade. The successful execution of Lightning Swap has taken us a step closer to our trustless one-click Lightning Swap solution which provides the user with a unique interoperable peer to peer solution that is only available with Stakenet.
To elaborate, Lightning nodes validate transactions between two separate chains. A Lightning node is an endpoint communicator that should have data from both chains. In other words, it needs to monitor both chains and thus is able to validate the transaction. With the upcoming development of the Multicurrency Wallet, Masternodes will be holding the separate chains in a decentralized manner, so you won’t need to download both chains. The Masternodes will also provide Watchtower services, so if anything goes wrong it will execute automated scripts to claim the punishment rewards.

[Anonymous No.26398415]

>>26398386
>>26398399
>Stakenet Solution

Crypto exchanges are the mainstay support for the cryptocurrency market as they allow trading of coins thus providing liquidity. Even after being such an important component of the crypto markets, most exchanges are centralized and are operated out of a single central server making them vulnerable to hacking or forced closure by the regulatory authorities. Also, once a user places a trade with a centralized exchange, their coins leave their possession and are stored with the exchange, thus making the user lose the utility and benefits that one receives from the coins. These are some of the potential risks which Stakenet aims to answer with its proposed Stakenet dx (Cross-Chain Lightning Swaps).

With important components such as the Multicurrency wallet and Lightning Swap in place, we are only a few steps away from creating this solution. There are some DEX’s which are currently operating but all of them have some vulnerabilities of centralization, whereas Stakenet would be the first to operate a completely decentralized solution which would be entirely run by Masternodes and not supported by a centralized entity.

[Anonymous No.26398427]

>>26398386
>>26398399
>>26398415
Apart from that, the other advantages of the Stakenet’s Cross-Chain Lightning Swaps are:

>The coins which the users hold never leaves them unless the transaction is completed giving them unlimited access to their coins.
>With coin in their wallets, they also benefit from all the utilities, features and staking rewards of the coin.
>The user remains anonymous as he doesn’t have to provide any Know Your Customer (KYC) details to anyone providing the user with complete anonymity and freedom to trade fearlessly.
>Not being in hands of central authorities, the Stakenet dx cannot be shut down by anyone, not even Stakenet.
>All transactions are done on a peer to peer basis without the involvement of a central authority, making the transaction more secure and less expensive as the fees are lower.

[Anonymous No.26398441]

>>26398386
>>26398399
>>26398415
>>26398427
The question is what’s the point of a native token on a chain that facilitates Lightning Swaps?
There have been two main criticisms of Lightning Network thus far:

1. Decentralization
2. Liquidity

By using the XSN native blockchain to host a one-click Lightning Swap solution, it gives the advantage of utilizing its second layer Masternode collateral to solve both of these issues.
Masternode collateral can only be achieved by using a native blockchain, since the rules need to be baked into the first layer to have secure Masternode’s in the first place, so you cannot use DApps or off-chain tokens to have the same effect or solve the problems that require a dedicated Masternode network.

With our native blockchain you will be able to take this collateral and allow Masternode owners to make that collateral work for them by generating fees from routing Lightning payments, becoming Watchtowers, holding other chains, providing Light Wallet TX broadcasting services and liquidity for the Lightning Network as a whole.
Furthermore, all major infrastructures will be built using Masternodes to provide a decentralized service without hurting normal users on the base protocol.

XSN users and owners will be rewarded accordingly via demands for XSN to set up these Masternodes or using it as a medium of exchange, because it will be one of the most liquid Lightning Networks necessary for high volume trading and general payments.

This is one of the major selling points along with other exciting capabilities our second layer will allow in the future. As new technologies regarding smart contracts, DApps, and scaling come into the scene we will also be able to uniquely solve problems that these technologies might face using the same approach we are taking with Lightning for example.

[Anonymous No.26398452]

>>26398386
>>26398399
>>26398415
>>26398427
>>26398441
In short, all services running on the Masternode network will generate fee’s that will be paid in XSN in one way or another. Many users may not even realize they have paid in XSN as it will all be handled by Lightning swaps in the background. For example, if someone wants to trade BTC/LTC then the fee will be initially collected in BTC, however this BTC will be converted into XSN via a Lightning Swap in the background. That XSN will then be distributed back to the MN holders for providing the services.

This will happen for every service that is run on the XSN Masternode network, such as the Privacy features and upcoming DApps. We believe this economic model will provide a constant demand for XSN with fees collected constantly being converted to XSN and then distributed back to Masternode holders.

We have also partnered with professional trader Frank Amato (current Block 5 Capital Co-Founder, Former Executive Director of JP Morgan, Former Managing Director of Bear Stearns), to help design the Stakenet dx, as he provides insights on how the one-click Lightning Swaps can meet the expectations and requirements of seasoned traders. It will have a “Pro-Trader Mode” which will serve ambitious and also seasoned retail fund investors.

[Anonymous No.26398585]

I can't believe biz is sleeping on this.

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.

[Anonymous No.26398861]

>>26398585
All i can do is continue to make these threads and inform what few will listen. When we've made it i can look back with pride and know i did what i could to help others.

[Anonymous No.26399005]

>>26398861
Keep up the good work. Soon we can trade and scalp faster than lightning and without kyc

FUCK THE TAXMAN
FUCK KIKES
FUCK JANNIES
FUCK TRANNIES
FUCK NIGGERS

[Anonymous No.26399192]

>>26397266
>>26398399
Checked

[Anonymous No.26399338]

>>26398585
Stop comparing it to UNI or SNX.

This is a DASH fork.

SNX and UNI are almost all smart contracts. XSN can't hold liquidity pools because it's a UTXO blockchain like Bitcoin. It can't handle conditional logic.

And it's no a derivatives platform either. It's literally a fork of DASH, which is a fork of BTC.

Imagine investing in DASH in 2021. There is nothing innovative about it either. Every single project is implementing layer 2.

SNX already has optimism and UNI will reveal what it's been working on soon. Either way, XSN shit coin has no value. It's not used in Bitcoin lightning transactions

That's not how the network works. Doesn't really matter anyway. Best use case for BTC is on Ethereum. There is $5B worth of BTC on Ethereum.

Why? Because lightning has too many attack vectors and is not profitable.

This is a shit coin. You're not informing anyone about anything because you don't know what the fuck you're talking about.

You're a shill.

[Anonymous No.26399347]

>>26396978
The fudders will ONLY come out when the price is red. This is to maximize the paper hand tards selling into his whale wallet accumulation scheme. Notice that he is gone now that the price has been green for the past 6 hours. Also, if this project was such a scam, why would whales continue to accumulate for months straight via price manipulation?

[Anonymous No.26399422]

>>26399338
When I'm a multibillionaire I will pay governments to kidnap your children and add them to my harem.

[Anonymous No.26399446]

>EASIEST 5MIL JUST FOR WHITELIST

[Anonymous No.26399493]

>>26398068
This is a great description, thank you!
So as I understand it, stage 3, Hydra, is when its all run by the master nodes, what is stage 2 then?

[Anonymous No.26399550]

>>26399422
You have the mind of a child. You really believe this, don't you?

You really think you're going to get rich off a fork of DASH?

Layer 2 applications are built to be modular so projects can easily implement them.

The problem with this shit, and it is shit, is that's just a simple exchange. When people want to move their coins to a network, they do it for a reason, like earning yield.

There is no reason to move their coins to Stakenet Shit chain because it can't run any applications to make it worthwhile. You must have no clue about Defi or why it's popular.

Yet, even though you're completely out of touch and ignorant about financials, you think you're going to become a millionaire from this shit coin?

[Anonymous No.26399627]

>>26399550
Tldr gonna impale your daughter on my fat white incel cock after I've made it and you're poor and still posting essay length fud on biz for 16 hours a day.

[Anonymous No.26399633]

>>26399338
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.26399658]

>>26399550
Thanks for the bump

[Anonymous No.26399686]

Don’t be a fool, forget about it

[Anonymous No.26399701]

>>26399627
>ETH IS A FORK OF BTC!
>YOU'RE LITERALLY INVESTING IN BTC!

[Anonymous No.26399707]

>>26399686
thanks for the bump

[Anonymous No.26399724]

>>26399627
I have a feeling, it's more likely you're going to either do nothing and just be a nobody like you are today because you probably haven't accomplished anything in life as it is, so it's more likely that you'll continue on that track.

I suppose, after your dreams are crushed, you might do something desperate like go on a shooting spree, but I doubt it. You'll probably just continue to live a miserable existence, pretending to be somebody you're not.

Anyway, where do you get your delusions from? If you're a loser and you've always been a loser, what makes you think you're suddenly smart enough to be a winner?

If I were you, I would save this projection, for the team that will fuck you over again. Take them to court.

[Anonymous No.26399731]

>>26399627
fug wrong person, my point still stands

[Anonymous No.26399742]

>>26399338
Damn you're dumb af, aren't you?
>poop id confirm this

[Anonymous No.26399773]

Awful lot of shilling with lots of suspicious spacing. Also no fud, this concerns me and I’m not sure if I will buy your bags. If there was some more digits in these threads then maybe

[Anonymous No.26399789]

>>26399724
Why are you so dedicated to the fud anon? Tell us where XSN touched you. I want to understand the mind behind the man who fuds on here for literally 3/4 of the day.

[Anonymous No.26399811]

>>26399773
The guy above me said Eth is the same as Btc.

What else do you need to know about the quality of the 'investors?'

It's a fork of Dash. Go look a the code in Github.

[Anonymous No.26399838]

>>26399724
thanks for the bump

>>26399773
>no fud

[Anonymous No.26399853]

>>26399773
>If there was some more digits in these threads then maybe

Fuck off newfag

[Anonymous No.26399856]

>>26399811
thanks for the bump

[Anonymous No.26399858]

>>26399789
Worrying about other people isn't going to stop you from losing your entire life savings.

[Anonymous No.26399880]

>>26399858
thanks for the bump

[Anonymous No.26399953]

>>26399811
>I can't understand green text
LMAO!

[Anonymous No.26399956]

>>26398585
>We have seen both in the last few weeks.
Have we? Seems like a normal month to me. I.e. not much but steady, quiet announcements. Not really marketing -- its possible that I missed stuff though

[Anonymous No.26399979]

Friendly reminder.

[Anonymous No.26399998]

>>26399773
>no fud
are you new around?

[Anonymous No.26400011]

$100 eoy

[Anonymous No.26400015]

Dash Fork is the best fudders can do?

[Anonymous No.26400159]

>>26400011
Checked.

[Anonymous No.26400199]

>>26400015
Who cares, bitfinex listing renders all FUD obsolete.

$100 EOY.

[Anonymous No.26400224]

>>26399773
talk about digits faggot, check em
>>26400011
>>26400199

XSN $100 2021.

[Anonymous No.26400304]

>>26399858
3 scenarios here.
A you are fudding to try accumulate cheaper
B you lost money on it somehow, miss the posw swap window maybe?
C you are paid opposition working for binance or have a large long position on BNB.
Which is it lad?

[Anonymous No.26400372]

>>26399998

[Anonymous No.26400447]

>>26399550
>There is no reason to move their coins to Stakenet Shit chain because it can't run any applications to make it worthwhile. You must have no clue about Defi or why it's popular.
Gotta admit this is the best fud I've seen yet and really the only reason I'm not all in. ETH really is king and therfore erc20 have a huge leg up. But the utility of what stakenet is trying to achieve is solid and of fully realized there can be plenty of very valuable use cases

[Anonymous No.26400458]

>>26400224
OP, on a serious note, do you think that XSN would absorb ALL of the market caps of the L1 exchanges eventually or do you think there would still be some amount left in order to keep them running for the stakenet DEX? I understand that stakenet works as a 'bridge' for all the DEX's to an extent so I would assume that there would still need to be some amount of money for the L1 dexs to continue running or do they not need any money for their functioning?

[Anonymous No.26400498]

>>26400447
>best fud yet
Is this a joke? The wallet has the dex built in. That means you can trade with complete control of your keys at all times. Also any one can build on stakenet. Having native btc and eth swaps will be a huge advantage compared to other blockchains.

[Anonymous No.26400521]

>>26399838
you can find more fud in one XSG thread, boring

[Anonymous No.26400565]

>>26399853
they’re the only respectable numbers I’ve seen in any threads, barely see dubs in these threads let alone trips /quads

[Anonymous No.26400606]

>>26400565
>barely see dubs in these threads let alone trips /quads
You haven't been looking closely (especially previous threads), xsn has great digits.

[Anonymous No.26400849]

>>26400498
But his point is that all the action like yield farming and the rest of defi can't happen within the XSN wallet/ ecosystem.... yes, trading is important but so too is defi

[Anonymous No.26400929]

>>26400849
Stakenet will help defi due to it having native btc/eth trading capabilities.

[Anonymous No.26401097]

>>26400849
The problem is, you dont know what the fuck your talking about. DeFi (decentralised finance) is the entire purpose of cryptocurrency. It is the ability to privately and securely store your own purchasing power. It is the ability to cut out the middleman of government and central banks, and become our own banks. 'Yeild farming' has nothing to do with this. It is nothing but a ponzi scheme fad which will inevitably collapse. There is a reason why nobody can actually explain what yeild farming is, or why it's important.

What IS important is the DEX that Stakenet is building. This is actually what is most important in crypto right now, because the exchanging of crypto is mostly CENTRALISED, because it is taking place on Centralised exchanges. This defeats the entire purpose of crypto to begin with.

This is where DEX's(decentralised exchanges) come in. They allow us all to conduct our crypto affairs in a truly private way. The problem is, DEX's have been plaugued by technological problems that stop them from becoming anywhere near as effective as CEX's. Until now. Stakenet DEX has solved all of these problems and is bringing the benifits of a DEX, with all the functionality of a CEX - the most obvious being interchain capabilities.

We are on the forefront of a bull run that is going to make the 'defi' bubble look like a pit stop.

[Anonymous No.26401235]

>>26400849
If you want ROI there are plenty of ways that hosting masternodes provides that.

[Anonymous No.26401318]

>>26399724
This nigger projecting like iMax 5000

[Anonymous No.26401359]

>>26400521
thats because xrp is a piece of shit. imagine actually holding that shit. there will only ever be ONE crypto that is used as a medium of exchange and thats bitcoin. every thing else is infrastructure(like ETH, LINK, XSN etc) or a scam.

>>26400565
Then your havent been paying attention.

Also
>implying this even remotely matters

[Anonymous No.26401441]

>>26401097
This is the big picture.

[Anonymous No.26401534]

>>26400458
Stakenet DEX will make all layer 1 DEX's obsolete. It is simply inevitable that it absorb all layer 1 volume and market share. This will be a snowball process that will grow exponentially.

https://streamable.com/kzpimj

Stakenet DEX is a p2p exchange. The users of the exchange provide their own liquidity. The vortex aggregator is only their to ensure constant liquidity. Its a cannot-lose situation.

[Anonymous No.26401694]

How are you going to avoid taxes on your masternode gains lads?(in Minecraft of course)

[Anonymous No.26401867]

>>26401694
I live in a jurisdiction that doesnt tax offshore income. I can funnel any crypto profits through an offshore bank which is easy to set up.

[Anonymous No.26401919]

>>26401097
But its all moot if no one uses it. People use and build on eth. Having control over fund's doesn't matter if where you're holding them can't connect to anything meaningful Like lending or payments . I see the potential with xsn, but again its not nearly there yet

[Anonymous No.26401963]

>>26401919
>no one will use it
>only place where you can swap btc to eth natively with 0 gas fess

[Anonymous No.26402061]

>>26401919
>Having control over fund's doesn't matter if where you're holding them can't connect to anything meaningful Like lending or payments .

Honestly, what the fuck did you mean by this? I just explained that this is an interchain DEX. you can exchange safely, privately, instantly and cheaply between separate blockchains(for the first time), and Stakenet DEX will be the only place you can do it.

But you think no one will use it because they cant simultaneously hook up their funds to ponzi schemes?

[Anonymous No.26402107]

>>26401534
I see, thanks for the reply OP. Assuming that all L1 DEXs and their tokens get shifted to XSN, it will about $60 from just those assets alone. As soon as whales and large corporate investors see this, it actually might hit $100 EOY. Plus, they're doing their L2 swaps right fucking now and it WORKS. I was a little skeptical until I saw the swaps yesterday. I think the proof of the swaps is what caused the whales to put that 173k buywall around 12 hours ago, they still want their cheap stakies and will accumulate for years until a better L2 dex comes out 5 years later. Who knows what the price would be in 2 years if crypto keeps growing at the rate that it is currently.

[Anonymous No.26402108]

>>26401919
Fuck me this must be FUD because I don't see how you can miss the point so spectacularly

[Anonymous No.26402233]

>>26402107
$100 puts as at roughly $10 billion market cap. Do you think that is a high valuation for one of the biggest exchanges in crypto?

[Anonymous No.26402303]

>>26401919
This. I've saying it for a long time: XSN has no Web3 support.
Web3 applications and services is what will bring real end user adoption to crypto.
People want an easy interface to the world of crypto based services. XSN does not offer this.
Web3 support is crucial for any crypto project to be taken seriously nowadays.

[Anonymous No.26402356]

>>26402303
thanks for the bump

[Anonymous No.26402379]

>>26402303
no one gave a shit about your shitty FUD the first time, the millionth time, and they dont care now

but please continue to keep the XSN threads bumped

[Anonymous No.26402395]

>>26402303
Thanks for the bump

[Anonymous No.26402513]

Just look at XSN's competitors like Rubic; built in Web3 support, instant low fee cross-chain swaps, browser application that works on any platform, L2 integrations coming just around the corner.
Those are features that normies (the actual user mass) want and expect.
I get that a lot of people are very emotionally invested in XSN but the end users are the ones that make or break a project at the end of the day.

[Anonymous No.26402534]

>>26402233
I think marketing will play a large factor for the EOY price. If you can't get the normies off of Goybase, you'll only get the non-NPCs that can actually understand crypto terms such as DEX, PoS, Smart Contracts, etc. You ask any goybase Litecoinite what a lightning swap is and you can only assume what they'll reply. Assuming they focus most of their funds into functionality only, $100 would be the MINIMUM price EOY.

[Anonymous No.26402604]

>>26402513
thanks for the bump

[Anonymous No.26402622]

>>26402513
>rubic
>"right around the corner L2"

[Anonymous No.26402633]

>>26402513
>Just look at XSN's competitors like Rubic

[Anonymous No.26402678]

>>26402513
>the same people who shill rubic are the same people who fud xsn
now i know i made the right choice, thanks anon

[Anonymous No.26402723]

>>26402513
Laughing aside, isn't the Rubic "L2" supposed to be like Polkadots with wrapped assets?

[Anonymous No.26402800]

>>26402534
CEX's as fiat on ramps will still obviously play a major role, but CEX and existing DEX utility as trading platforms is going to greatly diminishes when stakenet DEX launches.

Remember, BTC/USDT pair alone does almost $100,000,000,000+ (100 BILLION) a day in volume. With stakenet DEX, these transaction can be done in a decentralised way, privately, instantly, cheaply. We only need to capture a small sliver or this volume to skyrocket.

We will inevitably capture an enormous amount.

[Anonymous No.26402883]

>>26402800
Checked and I'm fucking hard.

[Anonymous No.26402907]

>>26402513
Surely this is bait

[Anonymous No.26402959]

>>26402907
I cant tell anymore.

[Anonymous No.26403006]

>>26402800
Oh, that's right! This would also increase the masternode rewards by a retarded amount when this popular pairs inevitably kicks off. I guess the 1MN suicide stake is completely correct then.

[Anonymous No.26403109]

>>26403006
1 masternode will be a larp tier stack in 6 months.

[Anonymous No.26403250]

>>26399979
>>26399979
>>26399979
Dont ignore the bitfinex deal lads.

[Anonymous No.26403514]

FUDers on suicide watch.

[Anonymous No.26403675]

>>26402800
Calm down. Of all that volume maybe 10% is "real" volume. The other 90% is exchanges using MM bots to pump their perceived volume.
CEXs can do this easily as the trading is essentially free for them. DEXs can't fake their volume as easily because they would have to pay the trading fee for every trade.
On top of that I highly doubt whales will take the risk of using an unsigned, closed source executable to store their funds - far away from fiat off-ramps.
Binance's Exchange Score is 9.8/10 on CMC's official list, that matters a lot to whales who are the ones who create the actual volume on exchanges.

[Anonymous No.26403691]

>>26403514
I feel like the fudders are starting to get tired of doing it at this point. They don't even do the classic ALL CAPS in half of these threads. The proven BTC-USDT L2 swaps has made half of their fuds obsolete. I do like the new rubic one though.

[Anonymous No.26403788]

>>26403675
thanks for the bump

[Anonymous No.26403931]

>>26399338

Actually it's a BTC core with DASH's masternode network architecture and Peercoin's POS mechanism, you dumb nigger. But it's ok I'll let you keep fudding around until my bags are filled, then I'll come to destroy you 8n every thread.

[Anonymous No.26403944]

>>26403675
Thanks for the bump

[Anonymous No.26403962]

>1 ID with 36 posts
convinced it's just a bot at this point
fuck this scamcoin

[Anonymous No.26403977]

>>26403675
Why wouldn't people use bots on XSN when it has lower trading fees?

[Anonymous No.26403974]

>>26403962
Thanks for the bump

[Anonymous No.26404008]

>>26403962
>op interacting with thread is a bot
LMAO

[Anonymous No.26404189]

>>26403977
They could. Bullish.

[Anonymous No.26404311]

>>26403962
thanks for the bump

[Anonymous No.26404321]

>>26403977
Stop lying. For example, Binance's trading fee is 0.1%, or 0.05% if paid with BNB. The Stakenet DEX trading fee is 0.25%.
Bot makers are unlikely to pay five times more in trading fees just to use a dex that doesn't even really benefit them.
The trading fee cannot be underestimated for bot makers, as it is a major expense for them.

[Anonymous No.26404337]

>>26404321
thanks for the bump

[Anonymous No.26404427]

ppl been saying this is a scam since 0.05.

[Anonymous No.26404458]

>>26402303
>no web 3 support
>partnership with ARK
>ARK marketplace is web3
kys faggot

[Anonymous No.26404639]

>>26404321
Eh, you're right about the trading fees I'll admit, but you're acting as if there aren't 2 seperate markets for DEX's and CEX's. Maybe the OP was exaggerating a bit about the amount of the CEX market coming over to XSN.
The main draw of XSN is that it's a DEX with the convenience of a CEX (minus fiat ramps) and much lower gas fees. It's mooning anyway due to ETH-20 token integration whether you like it or not. You're also not realizing that once XMR gets integrated, the tax spooks will be forever BTFO once you can swap it with BTC and a good amount the shady bots owners on the CEX's will want to hide everything. With time the pieces will fall together.

[Anonymous No.26404667]

>>26404427
>

[Anonymous No.26404752]

>>26402233
>>26402622
>>26402633
>>26402800
>>26403788
>>26403944
>>26403977
>>26404311
Where is that guy that said we don't get digits?

[Anonymous No.26404757]

>>26404639
They pay onchain channel fees left and right anyway 0.25% is cope. It's more like 0.25% +5$ per trade on average

[Anonymous No.26404779]

>>26404321
Also:
>When the DEX is launched, we will initially charge a 0.25% trading fee though this is subject to change, especially as more trading volume flows into the DEX.

[Anonymous No.26404806]

>>26404757
Oh yeah totally, I'll just stick with my 700 dollar gas fees instead.

[Anonymous No.26404835]

>>26404427
and i've been telling people to buy since $0.05, so choose who you listen to here wisely.

[Anonymous No.26404849]

>>26404427
ppl been saying to buy since 5cents.....

[Anonymous No.26405151]

>>26404639
>>26404757
The devs have already stated fee's will most likely be lowered to 0.1%.

good thing volume will be $1,000,000,000+ daily.

[Anonymous No.26405347]

>>26398296
Snx specializes in synthetic assets something XSN can't do and will be l2 very soon

[Anonymous No.26405353]

SOON

[Anonymous No.26405369]

>>26405347
thanks for the bump

[Anonymous No.26405390]

>>26405347
There will literally be 0 need for 'synthetic assets'(lol) when stakenets layer 2 DEX arrives but thanks for the bump

[Anonymous No.26405439]

>>26405347

Which L2 are they going to integrate and when?

[Anonymous No.26405467]

>>26405347
>>26405390 - this
Why would anyone need wrapped tokens when you can just do it on XSN without having to wrap them. Doesn't wrapping assets also increase the fees by a small margin? Not via gas, but by the conversion? It is pretty 'bullish' for snx short term though.

[Anonymous No.26405493]

>>26405439
https://icryptodesk.com/2021/01/16/synthetix-snx-to-activate-layer-2-staking/
Pretty sure it's just for ETH network.

[Anonymous No.26405645]

Well boys, it looks like our "arch-nemesis" and """competition""" RBC is dropping like a boulder. Maybe the rubic fudder was trying to get us to all in on the flying rug.

[Anonymous No.26405660]

Ohhh stakieeessss
Volume dropping like a brick, you know whats coming?!

[Anonymous No.26405742]

>>26405660
thanks for the bump

[Anonymous No.26405756]

>>26405660
Either a moderate sized pump or dump. Or whales playing their tree shake game. The volume usually rises within the next 2-4 hours.

[Anonymous No.26405938]

>>26405151
Lmao that's a huge cut in the expected passive income compared to the excel sheet that's been shilled on here. You are delusional if you think the daily volume will be over a billion anyway.
That high of a volume would mean a huge amount of transactions and no one has even tested the L2-solutions with that high of a transaction volume. Those networks will most likely choke at a much much lower transaction volume. L2 performance is purely theoretical at this point.

[Anonymous No.26405945]

>>26405645
Imagine selling your XSN for rubic and losing everything

[Anonymous No.26405954]

>>26405938
thanks for the bump

[Anonymous No.26405965]

>>26405938
Thanks for the bump

[Anonymous No.26406099]

>>26405938
Yes, it is theoretical as the product is a work in progress but at least it is actually WORKING right now. I'm guessing you know the exact numbers and volumes of rubic's "L2 trading dex" too, right?

[Anonymous No.26406225]

>>26406099
Checked.

I'm going to keep this fucker awake day and night. /XSN/ generals will be running 24/7 lads, with live updates.

[Anonymous No.26406391]

>>26405938
You're a retard.

[Anonymous No.26406646]

Coooooom

[Anonymous No.26406739]

>>26406099
Unbelievable that any anons from this board buying a scam like rubic

[Anonymous No.26406784]

>>26406646
A toast! To Stakeholders!

[Anonymous No.26406824]

>>26406784
A toast to the pump that comes after we dump a little, we'll touch 25 cents before starting to move up. End of march is the start of the inevitable rocketing action. Hold on to your seats stakieeesss ooohhhhhh

[Anonymous No.26406848]

>>26406784
To stakeholders!

[Anonymous No.26406885]

>>26406739
I don't think rubic is a scam, but I don't think it's anything really innovative.

[Anonymous No.26406905]

>>26406885
It's clearly a pump and dump anon. and whats worse is that they are basically ripping off XSN selling points.

[Anonymous No.26406929]

>>26406885
>Comes outta nowhere
>15 threads A day
>Not a scam
Anon i

[Anonymous No.26406935]

>>26406824
I don't think we'll hit .25 lol. The devs are going to tell us the DEX release date around early-mid February and that'll be a significant hype/rumor pump. Either way, still holding.

[Anonymous No.26406976]

>>26402513
>>26402723
Rubic 'L2' is rollups, which are not offchain, and thus not L2.

[Anonymous No.26407089]

>>26406905
>>26406929
Hey, hey, I said I don't THINK it is a scam. They are claiming to implement everything that XSN is doing but they haven't released any info nor any time period for these implementations. It IS a pump and dump, and will plummet once they realize they won't be able to release what XSN is doing in time, but I don't think they're lying about wanting to add these features eventually.

[Anonymous No.26407228]

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.26407230]

>>26407089
AFAIK they aren't even managing this if they haven't mentioned Lightning Network, actual L2, or cross chain with anything but Binance Shilling Chain, no masternode network, appalling service redundancy with massive downtime, etc.
That being said I don't think it's a scam either, the devs are too public about their identity, but it'll get BTFO by many DEXs, including Stakenet before long

[Anonymous No.26407248]

>>26406976
Thanks for the clarification anon, I suppose that they are indeed lying about true layer 2 then. I wanted to have some small shred of faith but why should I for a lying dev team?

[Anonymous No.26407252]

>>26407228
thanks for the bump

[Anonymous No.26407270]

>>26407228
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.26407289]

>>26407228
>he's back
You posted just in time for the small dump too!

[Anonymous No.26407300]

>>26407270
thanks for the bump

[Anonymous No.26407304]

>>26407270
God I love this one too much, this is amazing

[Anonymous No.26407329]

>>26407270
Kek but fuck off

[Anonymous No.26407402]

>>26407304
Lmao, if anything, posting this on /biz/ would make them want to buy more. Plus, holding a dev team accountable for having some "raycis" people in their community is retarded.

[Anonymous No.26407512]

>>26407402
White man's coin. Based af, buying more soon. Also lol at niggers buying ETH that is a fork of BTC, 10 year old tech that gets constantly choked like a thai ladyboy in a cheap motel room at 4 am and hasn't made even 1 project with real world use. LOL AT NIGGERS BUYING OLD TECH

[Anonymous No.26407696]

Seems like the whales are pretty determined to eat the .35 buywall, get ready for a pump soon, this is another acoomulation.

[Anonymous No.26408027]

>>26407696
Looks like a classic cup and handle to me. not that i give a shit about price action below $10. I have already picked up my fair share at these levels.

[Anonymous No.26408028]

>>26407696
Hopefully coom soon

[Anonymous No.26408249]

It dumped like crazy... who was sold the bag to?
Basically only biz knows about XSN

[Anonymous No.26408266]

>>26408027
True, looking at the chart always feels like a waste of time knowing it's gonna rocket the fuck up later. it's still kind of fun for the swingies I'd imagine.

[Anonymous No.26408312]

>>26408249
Likely sold to whalefag fudderberg. He always comes at the start of a dump. I should probably start swinging whenever I see the fag post.

[Anonymous No.26408380]

>>26408028
the coom has commenced

[Anonymous No.26408650]

>>26408312
>sold to whalefag fudderberg
>whalefag fudderberg
is it a whale?
I don't get why a whale should want to be dumped on

[Anonymous No.26408810]

>>26408650
He'll likely just hold them for when it inevitably goes back up and then re-dump later. They put buy walls like that to put pressure on the dumpies

[Anonymous No.26409409]

>>26408810
This. Livecoin got fucked by the 'hack' im pretty sure.

[Anonymous No.26409798]

>>26409409
It's a shame if any anons here got rekt by livecoin but im also very happy if it rekt any swinging whales at the same time. a necessary evil.

[Anonymous No.26409827]

>>26406784
>>26406848
I'll drink to that, gentlemen.

[Anonymous No.26409841]

Close to my first MN bros. Should be in 4 days or so we are all gonna make it

[100 No.26409887]

wow, who told you about these alts? This is shit dude, don’t believe those bastards
if you wanna get income use your IQ and follow yield farming
I took part in metalex and they made a new system, a guarantee of triple apy

[Anonymous No.26409994]

>>26409841
Congrats anon. Welcome aboard.

>>26409887
yikes

[Anonymous No.26410214]

>>26409841
Based, you will make it come hydra.

[Anonymous No.26410240]

>>26409887
>yield farming
Please unironically leave and never come back/ Yield farming is a boomer tier scam.

[Anonymous No.26410790]

Soon they will know.

[Anonymous No.26411475]

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.26411772]

>>26411475
not even sure you need Bitfinex Larp, just time like Uniswap

But I think it's .25% per trade = .5% for both buyers + sellers right? Would that mean that it would double the earnings you've put out?

1bn daily volume is pretty insane, but if it gets like 50m volume and 450 per week per node -that's the end of wagecucking on just profit share alone?

[Anonymous No.26412378]

>>26411475
You won't get trading fees if you don't provide liquidity. Good luck depositing 500k USD in BTC to your node.

[Anonymous No.26412432]

1 MN to make it has always been the goal

[Anonymous No.26412532]

>>26411475
>>26411772
bitfinex deal is legit >>26399979

but who cares if it isn't, because we'll be surpassing UNI volume in no time. stakenet DEX will be THE dex, and it will be the biggest DEX by far.

[Anonymous No.26412695]

>>26412378
Wrong.
Search for messages from JoPark on discord, this has been answered.

[Anonymous No.26412732]

>>26412695
Read the answer again. You will get fees for other services, but not trading fees.

[Anonymous No.26412806]

Only a few select nodes will get the fees; the ones who actually provide liquidity. Do you really think that the people taking a huge risk (providing millions in liquidity) will just accept that all the freeloaders get a share of the cake? This is something that the devs are intentionally dodging to answer.

[Anonymous No.26412889]

Look up Connext for example. They are looking for code-able liquidity providers to shell out a _minimum_ of 500k USD to operate a node. Even if people had the funds, they most likely will not be able to set-up and maintain the node.

[Anonymous No.26412918]

If you doubt me, go ahead and ask on the discord whether people who provide 0 liquidity will get trading fees.

[Anonymous No.26413004]

>>26412918
why dont you screencap it?

[Anonymous No.26413063]

>>26412532
Yep, it's going to be $60 minimum when it absorbs all L1 DEX's and that is only a few months away. It will take all L1 market caps and get insanely large over the course of a few weeks on release once people realize they no longer need to pay $50 gas fees that can fail if you choose to not pay more in gas. Now would be a really good time to accumulate more. I'm considering going balls deep and getting a 2nd masternode if it stays at this price by next week.

[Anonymous No.26413185]

>delusion
>app needs to be installed like in 2001
>cheesy cgi when transferring
>devs already pumped and dumped
>shady devs

this is so cringe

you're welcome for the bump

[Anonymous No.26413201]

>>26413063
How long do you intend to hold?

[Anonymous No.26413208]

>>26412918
>>26413185
Thanks for the bump

[Anonymous No.26413216]

>>26413185
>s-scam
kys

[Anonymous No.26413314]

>>26412918
Looks like some bagie asked this, and the discussion came to an end right there. lmao

[Anonymous No.26413671]

What is the developer incentive for offload the network on to a masternode matrix? Devs have the liquidity and capability to operate the nodes where the trading will occur, thus reap most of the fees from trading, aside from a handful of anons who have the apt resources to do so. Zero incentive for them to share the fees with anons who only hold 15000 XSN and provide 0 additional liquidity. No risk, no reward.

[Anonymous No.26413913]

It's pretty incredible though that after almost 3 years the fee structure is still being obscured, and there's no clear answer as to how it's supposed to work. Only logical answer to this is that currently the masternode value proposition is not competitive enough to be made public, and they are intentionally playing a smoke and mirrors game.

[Anonymous No.26414050]

People who think that the XSN locked up for a node is "liquidity for trading" are incredible idiotic, and seemingly lack any understating as to how this is supposed to work. Please read up on how PoS works.

[Anonymous No.26414086]

>>26396978
Fuckkk you i lost everything on livecoin and got ban on discord for asking why the fuck the team send us to this Russian scam! Fuck all of you hope the price will drop to ZERO

[Anonymous No.26414141]

>>26414086
Dilate nigger. Your fault you lost your coins. Now buy kneepads and go make some money for your master

[Anonymous No.26414143]

>>26413913
Hydra doesn't have information yet as the dex still needs to go through steps 1 and 2 first. The dex hubs you are referring to is in stage 2.
>>26414086
>i lost everything on livecoin
>leaving funds on a CEX
Your at fault here.
>ban on discord for asking why the fuck the team send us to this Russian scam!
Now it all comes together, you're actually fucking retarded.

[Anonymous No.26414215]

>>26414143
>The dex hubs you are referring to is in stage 2
I certainly am referencing to stage 3 "hydra". You will not get trading fees if you don't provide liquidity.

[Anonymous No.26414269]

>>26414215
We don't know much information of hydra. I just said that in my previous post.

[Anonymous No.26414288]

>>26412889
Right. Exactly. That's the scam. The team will run their own centralized nodes and collect 100% of the fees, just like they do now with their BTC lightning node.

Also, in 99% of cases unless you're a massive whale, which of course also centralizes the network and makes it less censorship resistant, it doesn't make any sense to lock up collateral that could be used more efficiently elsewhere.

But you're wasting your time. Think about how ignorant you have to be in the first place to invest in a fork of Dash in 2021.

Also, the team implied this will be a derivatives platform rivaling Synthetix now, despite being a UTXO shit chain, thus not capable for running complex logic.

[Anonymous No.26414387]

>>26413201
Likely until Hydra release and wait a week or so for the extreme FOMO followed by slight dump. Might only be a few days for that dump, few hours, don't know, don't care. I'll be watching the charts for 20 hours a day the week before the hydra release.

[Anonymous No.26414433]

>>26414269
Most people on discord do think that they will earn trading fees by just locking 15000 XSN, and none of the devs are clearly correcting them. You think that the devs don't know how it's supposed to work?

[Anonymous No.26414466]

>>26414269
Nah bro, he already knows everything about Hydra and that it is a SCAM! LIKE LIVECOIN! BAHAHHAHAHAHAHAHAH

[Anonymous No.26414545]

>>26414433
In addition to the DEX, this will be run over our Masternode network and as such, masternode holders get a cut of the trading fees from the DEX - so for every trade a fee is taken, this fee is then used in two ways:
1) Some of it is used to buy and burn XSN which reduces the overall supply of XSN
2) The residual fees are then distributed to the Masternodes.

Posted by Kuosumi 20th Jan 2021.

[Anonymous No.26414581]

>>26414288
>t. retard
Even if they do this, it won't be realized until the hydra release, meaning it would be a safer bet to cash out before the release when it's price is well over $50. Some will hold it longer and take larger risks than others, it's just the way crypto works. Also you're just assuming your retarded little worldview and asking the dev team about something that is 3 quarters+ away.

[Anonymous No.26414639]

>>26414466
>Nah bro, he already knows everything about Hydra and that it is a SCAM! LIKE LIVECOIN! BAHAHHAHAHAHAHAHAH
Seems like what I said came as a surprise to a lot of people. I didn't say it's a "scam", but people are completely misinterpreting the fee/incentive structure. You're acting like a child who gets corrected.

[Anonymous No.26414654]

>>26414387
Hydra upgrade pump prices would be somewhere in the double if not triple digits

[Anonymous No.26414713]

>>26414545
Don't hit him with the actual answer. Let the raging fudfag continue, he's making a fool of himself by claiming he knows EXACTLY how something 9 months into the future is going work made by a dev team that he's not on.

[Anonymous No.26414774]

>>26414545
>2) The residual fees are then distributed to the Masternodes.
*Masternodes who provide liquidity. As they've said, the masternodes can opt do several tasks, such as running a watchtower service or a TOR service OR provide liquidity for trading.

[Anonymous No.26414841]

>>26414713
I didnt post it just for him. The fud will intensify as we get closer to the end of q1

[Anonymous No.26414910]

>>26414639
Saying that "Only the Dev team would get the Masternode rewards" along with multi millionaires who can dish out enough liquidity into their node seems like you're implying that it's not necessarily a scam but rather an unfair distribution to 99% of masternode holders. Either way you put it, it surely seems like it would be a scam to the majority of node holders who thought otherwise. It's a very good FUD, I'll give you that, but you are claiming to look into your crystal ball and predict the future instead of providing any evidence for your claim.

[Anonymous No.26415092]

>>26414910
>seems like it would be a scam to the majority of node holders who thought otherwise.
They have hinted that nodes "can do several tasks" which most of the people failed to understand. If they said that you need to provide X-hundred thousands to get fees, it would kill the value proposition of MNs for most people. They are holding out until they've figured out other services for MNs before giving out they clear structure on who gets what. Whether or not this is scammy depends on the individual.

[Anonymous No.26415147]

>>26414654
Yes, but the majority of the time you should buy the hype and sell the news. It will dump temporarily and you can buy back in during that temporary dump for the swingie accumulation.

[Anonymous No.26415196]

>>26414910
He's absolutely right though. This is also the reason why it will never work long term because it's too capital inefficient. Only massive nodes will be able to compete for fees. And the developers are misleading you because the only way you could collect fees from trading is A) If you have millions of dollars worth of liquidity (keep in mind liquidity cannot be held on Stakenet) B) If you are simultaneously running an XSN lightning node and you're allow people to lock up XSN collateral for swaps in lightning.

But here is the biggest problem? Why would anyone ever want XSN? There are no applications. If I'm moving my tokens to a network, there has to be a reason for me to do so, but the problem is there are no applications on Stakenet nor will there ever be because it's a fork of DASH and limited in what it can do.

So it's completely irrelevant.

[Anonymous No.26415198]

>>26415092
Are they?

Jobs of XSN Masternodes -

* Lightning Dex
* One click instant Lightning Swaps (NOT Atomic Swaps)
* Masternode escrow services
* Masternode based oracles/arbitration
* CCPoS - Staking rewards in any other coins
* Tor, PrivateSend, random hop secrets
* Masternode's collateral backed stable coin
* Lightning dApps
* TPoS - Hosting of Trustless Cold staking contracts
* Voting Delegates
* Automated payment of node operators
* Masternode Managers
* Multiple keys for Masternodes
* Enhancements for Smart Contracts and dApps
* Masternode reward split =======================> NIGGER
* Masternodes Quorums Autonomous Swaps
* Cross-Chain dApp infrastructure
* Watchtower services

[Anonymous No.26415268]

>>26415147
Also, you realize each liquidity hub is supposed to be its own Dex with a 'karma' rating? Probably not, lol. Imagine not understanding your investment at all. It's not all the way your fault though because the devs are being intentionally misleading. They key is proving intent. Save all this information.

[Anonymous No.26415276]

>>26415092
Just buy a bag you fucking kike or be priced out forever

[Anonymous No.26415308]

>>26415147
I don't swing, just buy

[Anonymous No.26415316]

>>26415198
>* Masternode reward split =======================> NIGGER
Christ you're an imbecile. MN reward is not the same thing as trading fees. You really don't understand how Proof of Stake works do you?

[Anonymous No.26415350]

Here a team member clearly states that you can OPT in to provide liquidity (and earn fees).

[Anonymous No.26415455]

>>26415196
read
>>26415198
I wonder what splitting rewards means?
EITHER WAY, even if it does NOT work out long term, (which you don't fucking know because you're a troglodyte) masternodes will still give some amount of passive income irregardless for all of the other tasks they perform. You do NOT know what the percent of the liquidity reward is for the node and you do NOT know how much the rewards will be split between the nodes. Uncertainty is the most basic of FUDS, try harder.

[Anonymous No.26415490]

lol @ the people in this thread with >20 posts and absolutely no clue as to how it's supposed to work. Talk about investing without doing your research... and then fucking shilling it on biz day in, day out.

[Anonymous No.26415495]

>>26415350
Xsn masternodes truly are digital money printers

[Anonymous No.26415538]

>>26415455
>I wonder what splitting rewards means?
Are you fucking joking? This gets more insane by the second.

[Anonymous No.26415545]

Hey guys, if anyone is involved with crypto — I would suggest joining this group with 100,000+ members. They are going to PUMP a certain crypto today at 3PM CST, and we will be able to see 300% RETURN

http://higginsglobal.com

[Anonymous No.26415571]

>>26415350
None of them realize the intention is for each liquidity hub to be its own DEX with a karma rating. But that's the funny thing because then it makes this entire project a centralized pile of shit, relying on one node.

"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."

What a fucking pile of shit.

[Anonymous No.26415615]

Your "research" is based upon unreleased information and my "research" is based upon the current information that the team provided. Yet again, you are claiming to know what will happen in 9 months and I really do not need to go any deeper than that.

[Anonymous No.26415703]

>>26415571
Also, keep in mind all this is theoretical. Hasn't been developed yet and out of their hands. The devs with this literally use existing layer 2 solutions that are built to be modular and build on top of it.

That's what every single network does. There is nothing special about what they're doing. The recently switched to submarine swaps, which they had nothing to do with, but which was already being utilized by another network called Exchange Union.

Yet, the other day Yankee made it sound like they invented lightning.

[Anonymous No.26415852]

>>26415615
Try reading the Medium of your precious project, and you might have a clue as to what they're planning. 40 fucking posts and absolutely fucking clueless.
https://medium.com/stakenet/stakenet-ama-part-i-bdfcb8997d6d

[Anonymous No.26416166]

XSN has to have the worst "Generals" I've ever seen. Just braindead people posting the same pastas, without any underlying knowledge, and getting btfo'd by the slightest questioning. Honestly, you'd do a favor for the project if you never posted these threads nor participated in any discussion regarding the coin.

[Anonymous No.26416247]

>>26415852
Can you fucking believe this part?

'Securities with more stablecoins, e.g. a XSN backed stablecoin'

Imagine reading this and still investing in this fork of DASH. They are claiming to either recreate Maker or create derivative assets.

All on Stakenet shitchain which can't run smart contracts. Can you imagine giving all your money to some scammer devs?

[Anonymous No.26416285]

>>26415852
Yet again, you're still trying to predict the future with information that is subject to change and with information they have yet to release as evidenced by this post
>>26415350
You still do not know what the reward percentage for hosting a HUB is compared to the the other masternode services and you still do not know if this will change upon hydra release.

>>26415571
You do not know what the karma system is completely based upon yet. You are implying that it is based upon if there is a lot of trading volume inside of one MN and pretending as if the karma system would direct you to the largest HUB 100% of the time.

[Anonymous No.26416364]

>>26416166
Ah yes, questioning /biz/ about details of the future of a DEX that is not released yet instead of the devs. You definitely had no intention of fudding with your retarded predictions that you don't even know are true yet.

[Anonymous No.26416381]

Early linkers at least knew what the project was supposed to do, and wouldn't shit their pants at every turn. People doubted it, but the underlying community was strong enough to make it appealing. XSN community is one of the lowest IQ around, and are actively trying to deflect people from investing in it, with the shills being completely unaware of their surroundings.

[Anonymous No.26416415]

>>26416247
>same fud different dance

[Anonymous No.26416436]

>>26416247
Lol imagine investing into anything that's a fork of bitcoin.

[Anonymous No.26416460]

>>26415703

They're going to have the world first BTC->USDT Offchain swaps with GUI, debunk that nigger.

[Anonymous No.26416526]

>>26416460
Sony vegas, photoshop, shitty website with no proof lol SCAM. There.

[Anonymous No.26416552]

>>26416381
>low iq
>says the person who thinks his future predictions are FACT

[Anonymous No.26416555]

>>26416285
Of course that's how it would work. It's a simple case of economics. It's also not viable long term specifically because of the reason of economies of scale. More than likely, while this scam exists, assuming they get it off the ground, it will only constitute of one node run by the devs who will collect 100% of the profits and trading fees on both sides. For the lightning compatible chains, they will have to run full lightning nodes of each chain and will collect the transaction fees.

Do you have BTC? No? Okay, you can't run a BTC lightning node. Do you have a million dollars of collateral to run a centralized node? Then, you can't participate. There is no reason for masternodes at all.

[Anonymous No.26416638]

>>26416285
>You still do not know what the reward percentage for hosting a HUB is compared to the the other masternode services and you still do not know if this will change upon hydra release.
One thing is for sure: any service that doesn't require you to provide liquidity will be pennies compared to the trading fees. Regarding the "information that is subject to change", they just spelled it out how it's supposed to work. How exactly are you expecting it to "change"? Even more concerning this: If they don't know how it's structured at even this stage, when the fuck are planning on building it? You keep citing "9 months", which is incredibly delusional if everything "subject to change" at this point.

[Anonymous No.26416639]

>>26416460
Someone never heard of Open Dex, which is equally shit imo for the same reason as Stakenet which is copying its protocol. Open Dex was actually using submarine swaps prior to Shitnet and was the first to swap BTC for USDT, but keep eating Yankee's bullshit.

[Anonymous No.26416640]

>>26416555
>of course I know how this system I didn't create that isn't fully fleshed out in detail yet due to being in development will operate like that in the future
>did I forget to mention it's a fork of dash which is a fork of bitcoin?

[Anonymous No.26416710]

>>26416364
>about details of the future of a DEX that is not released
I just posted a link for the AMA. First you claimed there's "no details" and now when you're presented with the details you opt to submit a reality of you own by saying "they will change".

[Anonymous No.26416989]

>>26414910
>Saying that "Only the Dev team would get the Masternode rewards" along with multi millionaires who can dish out enough liquidity into their node seems like you're implying that it's not necessarily a scam but rather an unfair distribution to 99% of masternode holders. Either way you put it, it surely seems like it would be a scam to the majority of node holders who thought otherwise. It's a very good FUD, I'll give you that, but you are claiming to look into your crystal ball and predict the future instead of providing any evidence for your claim.
Reminder that this shill already said it's a scam if it works as the devs intended it to work (as they told in the latest AMA), but is too stupid to realize it.

[Anonymous No.26417001]

>>26416638
>one thing is for sure: I have seen into my crystal ball and know for a fact that my prediction is correct
Also I'm using 9 months for hydra as an estimate. I don't actually know the exact date and time that it's coming out and neither do you. They understand how their project is structured but you're assuming that their plan is absolute and that the majority of node rewards WILL come from trading fees only meanwhile the dev, as you pointed out earlier, stated that he will give an estimate with more details within the next few weeks. In other words, you're claiming to predict the future which is intellectually dishonest.

[Anonymous No.26417248]

>>26417001
>you're assuming that their plan is absolute and that the majority of node rewards WILL come from trading fees
"assuming" that majority will come from trading fees? Please explain in what world this wouldn't be the case, as the liquidity providers are CLEARLY taking the largest burden here. They have the 15000 XSN + they provide additional liquidity; how in the fuck would they NOT get the majority? It's obvious that you expected to collect trading fees without providing sufficient liquidity, and are just trying to cope with the new reality.

[Anonymous No.26417609]

>>26416639

Did you hear what i said nigger?

I SAID OFFCHAIN NOT SOME BATCHING BULLSHIT THAT WILL GET CLOGGED OVER TIME.

show me where can i swap my BTC into USDT without leaving my wallet, and without registration or KYC/AML.

[Anonymous No.26417762]

>>26417001
FUD is very meta these days

[Anonymous No.26417768]

>>26416989
Alright, I can see how it would be "unfair" that a lot of the masternodes would not get the maximum rewards and benefits from not having enough liquidity, but this still does not make them useless as they provide a standard amount in block rewards anyway. Once the devs release the exact numbers within the coming weeks, people will decide if it would be worth it to own one without liquidity. No matter if you're making the full profit from it or not, it would still be worth more than staking your coins to own one. You act as if you will be making "pennies" a day from it when you do not know that yet. You are also pretending that there wouldn't be a lot of high karma masternodes that will have liquidity in them and that will power the DEX.

[Anonymous No.26418089]

>>26417248
>As standard, all Masternodes are eligible for 45% (currently 9 XSN) of the block rewards. Owners will be able to select what services they wish to provide and in return will earn additional revenue from those services.

There will still be some services that you would NOT need liquidity for that would make it more worth to hold one than to stake your coins. Either way, so what if you're not reaping maximum rewards? Some people will and some people won't.

You were right in your first response to me when you said "some people would see it as a scam" but in reality it's just the way the DEX will operate once hydra releases.

When the DEX releases with layer 2 before Hydra is implemented, it will still be a very massive deal as it will lower gas fees and have instant swaps between ERC-20 coins and BTC/LTC and other coins that will be implemented.

[Anonymous No.26418312]

>>26418089
>so what if you're not reaping maximum rewards? Some people will and some people won't.
90% of current Masternode owners fully expect to collect trading fees by just "locking" 15000 XSN. That's why you see people calculating "0.20% / 2500 MN" etc., which is completely untrue.

[Anonymous No.26418507]

>>26415350
Yep, this has to made clear. Shills, answer the following:

1) Do I have to provide liquidity to get trading fees?

2) How much liquidity do I have to provide to get trading fees?

3) Are the fees in proportion to the liquidity I provide, or in proportion to the number of masternodes I run?

[Anonymous No.26418573]

>>26417248
Lastly, you twisted my words there when you said I claimed it was a scam. I said 99% of masternode owners are likely to believe it is a scam not knowing that needing to provide liquidity would be a chunk of your rewards. Owning the node WILL net you more than default staking rewards anyway and it certainly would not be "pennies". So thanks for allowing me to explain this better for the lurkers.

[Anonymous No.26418697]

>>26418573
My pleasure. The clueless MN operators are already panicking on discord, lmao

[Anonymous No.26418752]

>>26418312
so how much money will people who just locked in mn's get from them

[Anonymous No.26418839]

when is beta going to be done testing?

[Anonymous No.26418870]

>>26418507
1) Yes
2) This is unknown and dependant on the volume of the DEX and the liquidity amounts of the other nodes, I would assume. They have yet to release specifics of the karma system so I'm still unsure.
3) The liquidity in the node.

But you conveniently leave out that owning the node will provide more income than staking your coins through services that do not need liquidity.

You also conveniently leave out that this will not be implemented until Hydra and that the DEX will still function with lower gas fees and L2 integration without the masternode liquidity system until hydra releases and even then it will still function normally.

[Anonymous No.26418906]

>>26417768
Wait wait wait, you're one of the Discord shills probably making these generals and copy pasta posts every day, and now you're admitting that the bog standard neet masternode holders aren't going to be getting any trading fee rewards? Are you serious right now? Literally everyone on that discord who isn't a Dev thinks it's going to be like that.

So really we're only going to get the block rewards. Holy balls man. How can this be BTFO so easily in a fucking general. Fuck me.

[Anonymous No.26418930]

>>26418839
DEX will be released in Q1

[Anonymous No.26418944]

>>26418752
in terms of trading fees: 0$

[Anonymous No.26418985]

>>26418752
The default staking amount plus an unknown amount more for the services that will not require liquidity. He doesn't know the exact amount yet, but the farseer's predicts it will be "pennies" lmao. The devs will release accurate numbers in the coming weeks.

[Anonymous No.26419062]

>>26418944
>>26418985
shiet, ive been tricked

[Anonymous No.26419137]

>>26419062
People have been telling you this since last summer, but the shillings has been quite overwhelming. Everything is denied and called "gay" or "fud". Literally you need to dyor on these p&d events.

[Anonymous No.26419145]

>>26418930
how long did uniswap take to build up to current volume? did they do any advertising or anything? I'm curious how long this dex will take to reach that level

[Anonymous No.26419156]

>>26418985
So the shilling of masternodes will get trading fees was total bullshit, because you omitted information. Holy balls man. You guys should just feel bad inside. Imagine the amount of neets on biz that bought a masternode or more, thinking they were going to get a cut of a million dollar trade volume. JUST.

[Anonymous No.26419167]

>>26418906
You leave out that you can just provide unknown amount of liquidity into it to obtain those rewards which is also an unknown amount currently since Hydra is still a very long time away. You also leave out that there will be rewards for owning a node without liquidity. You also leave out that this will still be the first DEX with lightning swaps and L2 integration, reducing gas fees and having instantaneous trades for the biggest trading pairs, ETH-20 tokens, and soon to be added privacy coins.

[Anonymous No.26419224]

>>26419137
yep, ill probably sell everything with dex launch, fuck it

[Anonymous No.26419303]

>>26419167
You've literally moved the goal posts. Now you're saying we have to provide liquidity. You're literally saying something else from that discord dev here >>26414545

So when the dev says 'masternode holders get a cut of the fees' ... He actually means 'masternode holders who provide liquidity and have trades routed on their hub' get a cut of the fees. Right?

[Anonymous No.26419304]

>>26419156
We have been telling people to DYOR. This project will still be successful and masternodes will still be more worth it to own than staking XSN, which will be a necessity for lower gas fees and instant trades. This L2 DEX will STILL overtake the other DEX'S volumes but the masternode rewards will only be maximized if you provide liquidity.

[Anonymous No.26419348]

>>26419137
>you bought a year ago and now you're up 7-8x
>why didn't you listen to us?
kek

[Anonymous No.26419384]

>>26418906
There actually isnt a clear answer to that. Maybe MN''s are neet endgame, maybe not. Maybe we'll get fucked, maybe not.

[Anonymous No.26419412]

>>26419062
Owning nodes without liquidity will still be worth it as there will be services it can perform that will give you more than default staking. The information of the nodes was public knowledge for a while and XSN will still skyrocket in price from the DEX anyway. Hold until dex release and decide if you wish to wait for hydra.

[Anonymous No.26419625]

>>26419348
Yeah, exactly. Everyone definitely bought it at 5 cents before discord shills flooded biz in june. Really, you're a piece of shit. Also, look up opportunity cost.

[Anonymous No.26419680]

>>26419412
>>26419304
You're a fucking ass man, literally every one talks about the 'dex trading fees' and shit like that. You've even got the mcdonalds wagie salary poster going around. What a fucking bunch of cunts.

>we've been telling people to DYOR

you absolutely have not, lmfao. You've been telling people to buy a masternode so you can get a cut of the trading fees. Now you're saying it's not going to happen.

[Anonymous No.26419823]

How about stop listening to the 'research' of biz anons and just ask the devs and find out the answer to your questions.
They appear to be creating a graphic to explain it.

[Anonymous No.26419896]

XSN's whole premise was as follows:
>masternodes get trading fees
>owning a Masternodes is therefore extremely desirable
>because more people want a scarce item, the price (of XSN) will go up
repeat and rinse. Now people are realizing that owning a MN isn't as profitable (desirable) as was previously shilled, thus destroying the whole value proposition the shills have been pushing for the past 6 months.

[Anonymous No.26420033]

>>26419303
I'm currently going off of what the recent AMA stated which is:
Without a XSN masternode and without “karma points” you cannot offer and be paid for the following:

-CPU and DB services from third parties

-TOR services

-Securities for the liquidity of Lightning Network

-Securities with more stablecoins, e.g. a XSN backed stablecoin

-Watchtower Services

-Escrow Services … and more critical services to be added in a later future.


I am to assume that you obtain karma from having liquidity but as I have stated over and over again, I DO NOT KNOW WHAT THE KARMA SYSTEM WILL BE AND I DO NOT KNOW WHAT 'CRITICAL SERVICES' MEANS.

If what that dev is saying is true, then maybe the trading fees WOULD actually get split between the master nodes which is what my initial thoughts were. But either way, you won't get maximum rewards without liquidity. The faggot fudder finally got to me I guess. I've become just like that nigger with his "future predictions". My apologies for assuming it would be trading fees not given to the node holders but the information regarding all of this is still not completely clear and the devs have stated that they will provide more details soon.

[Anonymous No.26420102]

>>26419823
The devs never answer yes or no. See Jo Parks answer earlier. I'm pretty sure if they openly state in the discord that bog standard neet masternodes using MNaaS on the cloud won't be getting any of the fees from the dex in stage 3, the price would be right back down to 0.1c

[Anonymous No.26420206]

>>26419896
>>26420033
Read what services are listed when you do not own liquidity, it doesn't say trading fees explicitly so we will need to wait for the devs to clear it up. You're pulling it out of your ass.

[Anonymous No.26420413]

>>26420206
>You're pulling it out of your ass.
You're just losing your mind. It's so, and then 2 minutes later it's not so. Being tricked ain't fun, I guess. Draper very clearly stated how they're planning to do it in the AMA.

[Anonymous No.26420439]

>>26420033
>>26420206
Pretty sure the fucking video on the website, or Youtube wherever it is has the dex infrastructure explained and mentions that the rewards get distributed back to the masternodes. Come on now, you've been copy pastaing away for 3 years shill. You should know this video, you probably have it saved.

That video clearly needs to be deleted, since it's literally false advertising. It's actually illegal to conn people like that, you know that right?

The video should say 'all dex MaStErNoDeS that provide liquidity and run a hub receives 0.2% of every trade'

What a fucking joke man. The biggest fucking shill, just straight up admitting he doesn't know what the fuck is going on. What a cunt man, what a cunt.

[Anonymous No.26420501]

>>26397659
>(X) I know XSN masternodes will process transactions on the dex and will receive the fees.
kek

[Anonymous No.26420691]

>>26411475
>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
Yeah, people definitely haven't been conned into believing something that's not there!

[Anonymous No.26420740]

>>26397084
>>The community members who run a master node will earn a share of the fees earned from the DEX.
Hahah.

[Anonymous No.26420872]

>>26420102
Yes he says this in the AMA, but does not take into account how much liquidity you would need to obtain higher trading fee rewards because according to another one of the dev posts they state:

In addition to the DEX, this will be run over our Masternode network and as such, masternode holders get a cut of the trading fees from the DEX - so for every trade a fee is taken, this fee is then used in two ways:
1) Some of it is used to buy and burn XSN which reduces the overall supply of XSN
2) The residual fees are then distributed to the Masternodes.

Posted by Kuosumi 20th Jan 2021.

I misinterpreted what you posted as ONLY the ones with liquidity will obtain trading fee rewards, but it simply isn't true; they will only get a higher amount by an unknown margin that has yet to be revealed.

[Anonymous No.26421020]

>>26420439
Except, in the quote in the AMA, he says that the liquid masternode holders get a higher reward margin that has yet to be revealed. I had assumed this meant that only liquid nodes obtained trading fee rewards, but this is not true.

[Anonymous No.26421071]

>>26420740
Yes, they do, but the liquid nodes obtain more by an unknown margin that has yet to be revealed by the dev team. You and I misinterpreted the quote from the AMA.

[Anonymous No.26421134]

>>26420691
>he thinks the DEX will only have 1 million trading volume

[Anonymous No.26421194]

>>26420872
>Posted by Kuosumi 20th Jan 2021.
Kuosumi is not a dev. He doesn't even have access to the closed git. He's just a team member handling the community affairs. You're still not getting it though: If you don't provide any liquidity, you cannot execute trades, thus you can't earn fees!

[Anonymous No.26421214]

>>26420439
>he thinks I care if some biz users who believe your fud sell

[Anonymous No.26421386]

>>26421194
The AMA quote does not state that ONLY liquid nodes receive trading fees lmao. It says that they "earn" fees through providing a liquid node, meaning that they will obtain higher margins for the trades that go through their nodes. The other nodes will still obtain a cut from the overall trading volume on the DEX.

[Anonymous No.26421470]

>>26421214
My FUD? Mate, it's not FUD is it. It's the Stakenet shills lies being corrected. Jesus mate.

You just said that basic masternode holders, us stupid plebs running masternodes using the cloud service, will not be getting a cut of the dex fees. So the Mcwagie pic, the posts that show dex fee calculations can all be wiped out from your pasta. Since they are false.

[Anonymous No.26421582]

>>26421386
Holy shit, how many times have I corrected you? It's a dead-end arguing with you, as you keep changing your mind and just completely ignore, or fail to understand, anything that's presented to you. If you provide 0 in liquidity, you will be able to execute (support) exactly 0 trades.
>they can support

[Anonymous No.26421651]

>>26421470
I said that because your homosexual FUD buddy misinterpreted a quote from the recent AMA. The liquid nodes will obtain more rewards for trades going through their specific node as an incentive for providing liquidity. The tokens still get distributed in a 45% to stakeholders, 45% to all nodes, and 10% to the treasury but the ones with liquidity get a bonus each time their node makes a successful trade.

[Anonymous No.26421743]

This thread should stand as a red flag for any potential investors. The shills who are trying to sell you their bags have NO FUCKING IDEA as to how the product they're shilling works or what it does.

[Anonymous No.26421757]

>>26421651
> The tokens still get distributed in a 45% to stakeholders, 45% to all nodes, and 10% to the treasury but the ones with liquidity get a bonus each time their node makes a successful trade.

That's the block reward structure you're talking about. So now normal stakers also get the dex fees??????????????????

[Anonymous No.26421892]

>>26421651
>The tokens
can't make this shit up.

[Anonymous No.26421945]

>>26421582
You're just going to continue misinterpreting that one quote endlessly. The dev team has already stated that the trading fees will be distributed as follows: 45% to masternodes, 45% to stakeholders, and 10% to the treasury. That quote in no way says that nodes without liquidity will not earn anything from the overall trading fees on the DEX. Notice how the last sentence says, "Higher exchange value through their nodes would equate to higher $ returns"? That is because they are getting rewarded for running a liquid node. This in no way says that nodes without liquidity will not earn a share of the 45% of overall trading fees.
>>26421470

[Anonymous No.26422018]

>>26421945
>trading fees will be distributed as follows: 45% to masternodes, 45% to stakeholders, and 10% to the treasury.
Those are the BLOCK REWARDS you fucking idiot. You do know block rewards are not the same thing as trading fees? Holy fucking hell, I'm done...

[Anonymous No.26422068]

Just as an ending statement: This dumb fuck shill didn't even know the difference between block rewards and trading fees. You're in good hands people!

[Anonymous No.26422104]

>>26421945
You realize that Draper himself said that all the fees go to liquidity hubs, right?

If you don't provide liquidity, you don't get trading fees. It's as simple as that.

Each liquidity hub is to be its own centralized exchange where you are reliant on the karma of the service provider.

It's a fucking shit show.

[Anonymous No.26422171]

>>26422068
You can't fully blame them. The devs purposely mislead them and they're blinded by fantasies of being rich without understanding anything about the underlying technology.

They're ideal prey for a team that is best known for exit scamming another project.

[Anonymous No.26422181]

>>26421743
>>26421757
Look, I'm tired as fuck arguing with you fudders and keep making mistakes. You asked the devs and they said they would clear up the confusion in a few weeks.

Without a XSN masternode and without “karma points” you cannot offer and be paid for the following:

-CPU and DB services from third parties

-TOR services

-Securities for the liquidity of Lightning Network

-Securities with more stablecoins, e.g. a XSN backed stablecoin

-Watchtower Services

-Escrow Services … and more critical services to be added in a later future.

This list does not include trading fees and you will forever twist a quote in an AMA that states that liquid nodes will obtain fee rewards for having more trades on their nodes.

[Anonymous No.26422248]

>>26422104
Where did he say this?

[Anonymous No.26422406]

>>26422181
But you've been shilling this for 3 fucking years? When you started heavily shilling it in the summer of last year, and even now, you're entire reason for getting people to buy masternodes is for the dex rewards.

Now, us normal masternode holders won't be getting these dex fees. So what's the fucking point. See >>26422104

Don't you get how shite that makes you look as a person? Your whole group of shills are just cunts man.

So who's gonna be the one to tell these friendly Discord users that 1 MN is literally not a make it stack. They still think they're getting the fees.

[Anonymous No.26422427]

>>26422181
None of that makes sense. Just look at what they're talking about. An XSN backed stablecoin?

How?

Use your brain. Can you set up a derivatives platform on Stakenet blockchain? Do you understand how complicated that is? It's all smart contracts.

How do you think lightning works? To have a lightning hub, you need collateral in the token network and then you receive the transaction fees. The problem is that transactions fees are so low that it's not even worth it. That's one of the reasons why you see about 300-500 times more BTC on ethereum than on BTC.

It's just not worth it. It's simple economics.

[Anonymous No.26422489]

>>26422248
Are you sure you want me to answer this? Because if I do, it's going to destroy you and you're going to feel intense pain. Are you sure you're ready to deal with reality?

[Anonymous No.26422634]

>>26422406
>>26422427
>>26422489
So the hubs providing liquidity earn most of the trading fees, but must pay the XSN masternodes to be reliable, secure and trust worthy (karma system). The more liquidity the Hubs provide, the more they pay to the MNs that provide all the additional services. Said by JoPark 12/19/2020

[Anonymous No.26422637]

>>26422248
The highlighted part on this screenshot never got answered by the way. The conversation goes elsewhere. Jo was online, and could have just replied 'yes' and we'd all be happy as larry.

But he didn't. No one replied. Mike comes in about 6 posts down, but doesn't mention anything relating to it. Bit fucking shite

[Anonymous No.26422699]

>>26422634
Again, are you ready to deal with reality?

I cant shatter your dreams, but you have to be prepared for it. Are you prepared or not?

[Anonymous No.26422711]

>>26422637
>>26422634
They will be earning an amount from fees, just not as much as the liquid ones as I have been saying.

[Anonymous No.26422762]

>>26422699
>>26422634
>

[Anonymous No.26422953]

Is there a link to the most recent AMA anywhere