XSN/STAKENET

[Anonymous No.26423332]

This is to all of the fudders who said you do not get trading fee rewards for owning a master node.

[Anonymous No.26423499]

>>26423332
Okay, this has gone on long enough

Time for you to face reality and get destroyed.

[Anonymous No.26423568]

>>26423332
What? He's literally saying the MN and hubs are different things. If you don't run a hub = no fees.

[Anonymous No.26423690]

>>26423332
Again, he did not answer clearly. He just says yes they're different things.

Imagine the sell off that would happen if they let on that bog standard MNs will not be getting any of the dex trading fees.

[Anonymous No.26423773]

>>26423690
See the post, above.

>They are hubs with liquidity
>The hubs also receive all the profits on our network

What else is there to say?

[Johny Kruz No.26423812]

Do you trade on BAEX binary assets trading(#baex)? I found their system with Microsoft indexes, price is rising fast, and it is easy to get benefits. All IT sphere is developing fast, so I think Apple, Microsoft, and Amazon share can be rather profitable. What do you think about it?

[Anonymous No.26423832]

>>26423499
My post and yours are 2 contradicting answers from the same person. There isn't much more to say.

[Anonymous No.26424094]

"A fraction"
Literally every body has always thought fees would be split EVENLY between ALL masternodes running the dex dapp.
Now its confirmed hubs ie liquidity providers will receive almost all fees and neets holding nodes without any extra collateral will get diddly fucking squat.
All the charts are bullshit.
We've been misled.

[Anonymous No.26424112]

>>26423832
They're not though. You're just choosing to believe that.

It goes back to that old saying about things that sound too good to be true.

[Anonymous No.26424127]

>>26423832
Who's side are you on here lmao? You posted the OP, trying to btfo the fudders. Now you're saying that Draper is contradicting.

What is it? Are pleb masternode holders getting the dex fees, like the McWagie pic states, or are we not. It's a very simple question. It never seems to get a 'yes' or 'no' answer.

[Anonymous No.26424135]

>>26423332
who needs a master node when you can shill.

join the Big Pump Signal Group

discord
.gg/zKgkNaKna7

[Anonymous No.26424142]

It's very clear when you see more of the discussion.

[Anonymous No.26424203]

>>26424094
No, not almost all the fees. 100% of the fees.

[Anonymous No.26424363]

>>26424203
What a joke. I don't know if I'd call it a scam but the team clearly hasn't been up front about the fee structure lmao.
I still think the dex will be good but why bother running a masternode now? If people think these "extra services" will get anywhere close to what trading fees would earn they're delusional. Nobody gives a fuck about what else they're making, we all just want a good layer 2 dex to trade on.

[Anonymous No.26424364]

And guess what, you need to have access to the code to set up a hub, and familiarity with the XSN infra. On top of this, you need a shit load of liquidity. These people will get 100% of the fees. Guess who they are? a d-e-v-e-l-o-p-e-r.

[Anonymous No.26424523]

Interesting leak from the closed whale channel: Devs are currently mining eth with the "cloud" masternodes. Makes sense tbqh.

[Anonymous No.26424630]

>>26424364
Pretty sure that was stated on here during the last shill campaign during the summer. The devs will take all the fees during phase 2, and then phase 3 will never come and they will exit scam. Looking more and more likely now.

Wonder why the /biz/ channel on the Discord isn't talking about this, and the last thread. I might post them just to see what everyone thinks.

[Anonymous No.26424633]

>>26424523
How else are they going to provide liquidity aside from minting tokens and dumping on shills?

[Anonymous No.26424649]

>>26424523
jesus christ sell sell sell

[Anonymous No.26424740]

>>26424523
I mean even I would ask you for proof on that, and I'm not a shill.

[Anonymous No.26424770]

>>26424630
>Wonder why the /biz/ channel on the Discord isn't talking about this,
The default answer is "stop reading biz" aka put the blindfold back on.

[Anonymous No.26424934]

>>26424740
I got banned from the channel for selling (they do weekly checkups to see if you've sold any). This is 2nd hand info from someone who is still in the channel, will try and get a screenshot wo identifiers. brb.

[Anonymous No.26425465]

>>26424934
damn thisnis one of the worst fuds yet.

[Anonymous No.26425700]

>>26425465
For your assistance.

[Anonymous No.26425834]

>>26425465
Don't move onto that before addressing the MNs don't get dex fees. I actually want to see a clear answer from a dev.

[Anonymous No.26426042]

>>26425834
>I actually want to see a clear answer from a dev.
Of course they don't get fees. Look at what I posted, Draper clearly states it. Nodes will get rewards from other services, like watchtowers. Won't be as lucrative as the dex fees obviously. Running a hub means you need to know devops to handle the operation & have a shitload of liquidity to spare.

[Anonymous No.26426334]

Discord getting active on the fee question just now.

Love the people that are saying shit like 'price will go up anyway' and just dodging it. At least there are concerned people trying to get answers. Bravo to those guys.

[Anonymous No.26426552]

>>26426334
>Discord getting active on the fee question just now.
This is basically how the Stakenet team communicates with their "community":
>new claim X is being presented on biz
>shills say it's "gay fud"
>new claim keeps popping up on biz
>shills ask the devs on discord whether it's true
>devs say "yes"
They don't give out any info if it's not forced. Only time they communicate is when something gains wings on biz and is too big to ignore.

[Anonymous No.26426619]

[Anonymous No.26426706]

>>26426619
Stakey just asked the very question, and the two biggest shills just start rambling on about muh future, and not the only Dapp.

Are masternode holders getting fucking dex trading fees or no. Jesus man.

[Anonymous No.26426726]

Never Selling! ha ha sirs you will never get my XSN faggotosios!

[Anonymous No.26426768]

i give this fud a 10/10. I have a feeling price will drop back to 10-20 cent now. i might get another node if it goes low enough

[Anonymous No.26426773]

>>26426706
Of course, they are bag holders and have no legal liability to answer truthfully.

Let the devs answer.

[Anonymous No.26426785]

>>26426706
The answer is no. You'll get fees for providing lightning channels etc. But you will not get the 0.2% or whatever trading fee.

[Anonymous No.26426829]

>>26426706
>Are masternode holders getting fucking dex trading fees or no.

[Anonymous No.26426936]

Just think about it. Two different things, a HUB and a MASTERNODE
>HUB's will provide LIQUIDITY and execute trades
>Masternodes will NOT provide liquidity
Which one of these do you think should get the trading fees?

[Anonymous No.26426966]

Oooofffft man lotta people coming out of the woodwork now. Shills gotta hang for this is we don't get the fees.

[Anonymous No.26426992]

But don't worry, the team will create an "infographic" SOON to let you know how this works (after they've dumped this to 5 cents of course). Everything is just FINE!

[Anonymous No.26427030]

>>26426966
The need to demand a Team member answers. The problem with that is, the 'team member' will just say he was part of X9 and not Stakenet when they exit scam.

Either way, an answer by the biggest shill and a bag holder is unacceptable.

[Anonymous No.26427048]

During Prometheus, a HUB network will be installed. Once the network is tested and is functioning properly, the Hydra fork will commence and after it is constructed, MNs will become HUBs as well, allowing them to obtain trading fees from the DEX.

Read, brainlets. This is FUD and it is aiming at areas that aren't an immediate focus, for which the numbers haven't been decided upon yet.

[Anonymous No.26427083]

>>26426966
They need to demand a Team member answers. The problem with that is, the 'team member' will just say he was part of X9 and not Stakenet when they exit scam.

Either way, an answer by the biggest shill and a bag holder is unacceptable.

[Anonymous No.26427141]

>>26427048
Fuck off. How will masternodes become 'hubs' if they don't provide liquidity?

[Anonymous No.26427179]

>>26427030
>>26427083
you deleted your entire post to correct one single letter so you couldn't be perceived as a pajeet. lmfao fudders are absolutely pathetic.

[Anonymous No.26427236]

>>26426619
According to this shitty infographic, a masternode can only ever get a tiny fraction of the dex trading fees (for a select pair). Lightning fees are supposed to be miniscule so where's the fucking money in that? I'm losing the incentive to run masternodes for this coin. Honestly the best thing to do with this shitcoin is to sell when the price pumps when dex public release is announced because I don't see any point in holding this for the longterm. I'd rather hold link or even btc.

[Anonymous No.26427260]

>>26427048
>MNs will become HUBs as well,
Incorrect. MNs will remain a subset of HUB's, and will be paid for services such as watchtowers and TOR, and similar non-liquidity related things.

[Anonymous No.26427281]

>>26427048
One of the biggest baggies just said essentially 'you'll get the fees, but who knows what percentage'

So, that's fuck all. The dex trading fee reward calculator can go straight out the window then. Because you know sure as shit us normal masternode holders aren't going to be be getting the equal share.

I genuinely thought that there was some concrete thing on the 0.25% fee gets sent to all masternodes. There was fucking pictures and everything made of it. What the fuck man.

[Anonymous No.26427325]

Can someone explain to me what is actually going on with stakenet? It mooned because of getting a real cex listing finally, right? Where's all the drama coming from?

[Anonymous No.26427391]

>>26427325
Well this very recent drama is due to the deliberately misleading information about masternode holders and dex fee rewards.

[Anonymous No.26427421]

>>26427325
it is all made up from fuddsters trying to accumulate. Im still comfy af and never selling. don't let them trick you.

[Anonymous No.26427577]

How did you guys exactly think that a bare bones MN would be entitled to trading fees? What function does it perform in a, e.g., BTC->USDT swap? You need to have liquidity to support that trade (you need a HUB). It doesn't make any sense that there are a dozen of liquidity providing Hubs, yet the feed would be spread out to 2500 bare bones masternodes. Think about it for a second.

[Anonymous No.26427627]

>>26427325
The drama concerns the very core purpose of holding XSN in the first place. If I don't get the trading fees with my MN then I better get some other good fucking reason to hold.

[Anonymous No.26427697]

>>26427627
block rewards alone are enough for me to hold.

[Anonymous No.26427731]

>>26427577
c-checked ... i guess?

rip frens. rip indeed. Discord not looking too great either.

[Anonymous No.26427761]

>>26427627
>better get some other good fucking reason to hold.
So far the best application is voting to give more funds for the developers. And if you're lucky enough to set it up with MNaaS, they are using your VPS to mine eth.

[Anonymous No.26427851]

>>26427761
You still didn't give any proof on that one though lmao. Come on man.

[Anonymous No.26427878]

Somehow it's not registering that in order to provide liquidity, one needs to either make a deposit of a minimum of $500k into a connext node and provide collateral for each lightning node for it to be it's own centralized exchange which will rely on karma. How hard is this to understand?

[Anonymous No.26427898]

>>26427851
Like I said, I got banned from the whales-channel. Why do you think I'm spilling the beans for the last 4 hours?

[Anonymous No.26428051]

>>26427878
Mate, we're all fine with that lmfao. That's not what we want the answer to. 90% of /biz/ bought into this because we thought we were getting a cut of the trading fees. A pretty large cut actually, if the volume was decent.

Now it's came out that no one knows how much these pleb biz masternodes will get, if any. And the people on discord are trying their best to cover up that answer without everyone literally selling at the next high, whenever that may be.

>>26427898
I do actually believe you though, I do. Just would be nice to actually have it from someone in the channel.

[Anonymous No.26428089]

MASTERNODES GET PAID IN XSN ROUGHLY EVERY DAY EVEN WITHOUT A DEX, SECURING THE NETWORK WITH A MN GETS YOU PAID, FUDDERS ARE DESPERATELY TRYING TO INSTILL MADE UP LIES TO GET PEOPLE TO DUMP XSN BECAUSE THERE IS SO LITTLE ON THE MARKET BECAUSE EVERYONE IS HOLDING BECAUSE THEY KNOW THE TRUE VALUE OF XSN. DONT LET THE FUD TRICK YOU.

https://streamable.com/codw1m

[Anonymous No.26428138]

>>26428089
You're a moron and nobody respects your opinion.

[Anonymous No.26428173]

>>26428138
sounds like you are assblasted oops :)

[Anonymous No.26428185]

>>26428089
>don't fall for the fud
>posts the extremely misleading mcdonald's chart
checks out

[Anonymous No.26428254]

>>26428089
The question is quite clearly a valid point of discussion for 6 of the most prevalent users of the Stakenet Discord right now. Long time holders too, I bet there's a lot of lurkers also surprised.

So that right hand side of your picture can just be erased then, after what was discussed in the general channel now.

[Anonymous No.26428256]

>>26428051
Well, I mean it's relevant because liquidity providers get 100% of the fees according to Draper, but in order to be a liquidity provider, you need a minimum of $500k. The problem, is that minimum is likely not enough because at the end of the day, people are going to look for the best price. The whole thing sounds worse and worse the more you put it together, especially considering each hub is essentially a centralized exchange where traders are supposed to trade based on their reputation.

It's a complete shit show.

[Anonymous No.26428381]

>>26428256
This is essentially what Vitalik said about layer 2 nodes and channel state payment channels. So, I guess I should have listened to my instinct on that.

[Anonymous No.26428453]

Damn, Tommy.

Bet he was one of the shills here.

[Anonymous No.26428483]

>>26428256
>a centralized exchange where traders are supposed to trade based on their reputation.
what will happen:
>devs set up the first Hubs
>these are the most liquid hubs, with the best uptime, thus earning the best "karma"
>most trades are executed on these hubs, due to best karma
>all trading is centralized on a handful of developer operated hubs
>most fees go to developers

[Anonymous No.26428738]

Oh shit. MNs will get 10% of trading fee totals at best. Confirmed by dev just now

[Anonymous No.26428792]

ONLY 10% TO NON HUB NODES IN HYDRA LMAO BETTER UPDATE THOSE CHARTS

[Anonymous No.26428794]

>>26428738
That will never work.

Imagine locking up your collateral in a very inefficient way to begin with only to have 90% of your fees taken by free loaders.

Nothing is adding up.

[Anonymous No.26428798]

[Anonymous No.26428810]

We give you... 10% of the 0.2% fees :-) Be happy with that, or we'll take it all!

[Anonymous No.26428826]

>>26428794
Or 10% of your fees rather. Keeping 90%.

[Anonymous No.26428908]

>>26428738
Big boy Draper in now. Shit getting real.

So after the % cut for the dex contract to buy and burn xsn, then after the trading fee goes down to 0.1% or less. You're getting less than 5k a year on a 50M/day volume.

[Anonymous No.26428934]

Imagine that for almost 3 years the hodlers were led to believe they get 100% of the 0.2% fee. Today, after biz pressures the team, they cave and correct with the "actual" numbers. Remember that they went for YEARS without correcting anyone on discord.

[Anonymous No.26429025]

>>26428934
That's been my point, the charts get posted all the time on the discord and not a single team member has said it won't payout that way.

[Anonymous No.26429090]

>>26428934
Shocking really. It's been posted for so long. Everyone was hyped as fuck for getting this dex fee reward.

[Anonymous No.26429093]

The price might tank now. I don't know if I should just sell. FUG

The only cope is the other fees like watch towers but wtf is that gonna look like?

[Anonymous No.26429146]

>>26429093
They have no idea. Lightning network is still a mess as it is.

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

[Anonymous No.26429157]

Everyone should read the last XSN general (end of it). A lot of truth-pills in it. That's where this whole thing started.

[Anonymous No.26429180]

>>26429093
Probably shite. It's all going to be shite. The only reason for the node was the dex fees, based on the 100% of 0.2% trading fee.

Don't sell at a loss. At least wait for the next shill campaign.

[Anonymous No.26429269]

>>26429180
I bought at an average of $0.23 so I'm still up.

[Anonymous No.26429398]

Anyone still unfortunate enough to hold this piece of shit, my advice to you: Wait for the DEX homepage-launch thingy and the subsequent shill campaign, and sell to unsuspecting biztards. Or maybe I'm saying this so I have room to dump on you right now? You never know with Stakenet!

[Anonymous No.26429443]

>>26429398
Definitely selling at the next shill campaign. I hope it's not another 6 months from here though.

[Anonymous No.26429616]

>>26429398
Yeah I'm probably gonna sell during that time. Real shame too. I've been holding since August last year and thought this would be a keeper.

[Anonymous No.26429752]

>>26428483
This is 100% true. This is exactly what they set out to do. That's why they have it structured like this in the first place.

[Anonymous No.26429942]

>>26428934
This is the actual problem. I don't have an issue with it being split between hubs and mns or whatever. But just not being open about it. Imagine what else they are not open about

[Anonymous No.26429943]

Fuck man years of holding through shitty made up easily debunked fud just to find out you'll be getting a tenth of the payout that had been advertised. I'm sad.
Now Drapers trying to lower the damage by saying it'll go to a governance vote like the whales who will run hubs won't be able to easily outvote the plebs into getting 0% of the fees.

[Anonymous No.26430188]

>>26429943
Even die hard xsn holder CCN is going to sell. Jesus, i thought he would have had an XSN tattoo with the comments he made.

What a fucking night. Jesus.

[Anonymous No.26430238]

of all the coins fudder had to destroy mine ;-; its so ogre lads

[Anonymous No.26430317]

>>26430188
I'm at work for the next 6 hours lmao can't get home to liquidate my nodes even if I wanted to.
Fuck.

[Anonymous No.26430409]

>>26430188
They're trying to calm everyone down through more deception. The problem is the minimum amount of collateral necessary to run your own centralized exchange is $500k, but even then, that won't be enough because someone with $1M will be able to charge much lower fees and get more volume, which is exactly what will happen. It's very obvious, as another poster pointed out.

[Anonymous No.26430609]

>>26430409
Yes, I think it's quite clear.

Just the sheer amount of new and old people commenting in the Discord right now is incredible. All these years, thinking that you were gonna be getting 6 figures passive a year on dex fees.

I guess passive income really is a meme. Should would coulda sold at 60c and I'd have had enough for 1.5 make it stacks of Link. Won't be missing that opportunity again, unless link just explodes now.

Fuck this gay earth.

[Anonymous No.26430693]

Nobody sell for like 12 hours please.

[Anonymous No.26431011]

LOL they are just making it up as they go. Absolutely no clue as to how the economics should work. Different devs giving different numbers. Just a complete mess.

[Anonymous No.26431118]

>>26430409
>someone with $1M will be able to charge much lower fees and get more volume,
If the end result is that 99.9% trades will go through the dev hubs, then why bother with any of this so called "DEX" building? Just set up a fucking old-fashioned centralized cryptocurrency exchange, because that's what this will end up being.

[Anonymous No.26431232]

i see a lot of people wanting to sell, but the price isn't reflecting that. can you fucking tank this shit already???


>>26430409
>>26430609
>>26431011

[Anonymous No.26431235]

How In the FUCK are you supposed to run your HUB without going to jail in the first week (remember, no KYC etc)? Yeah, mr. policeman I'm just running my exchange here, why are you shooting me?! What do you mean I'm laundering money?!?!

[Anonymous No.26431307]

It was supposed to be the unstoppable DEX running on thousands of Masternodes, and now it's a fucking centralized Hub piece of shit? fuckin LOL.

[Anonymous No.26431389]

>>26431307
Hubs aren't centralized

>>26431235
How is that any different from what was the case before for running a MN?

[Anonymous No.26431587]

>>26431389
If those liquid hubs go down. The dex volume goes down. People lose faith, project goes down.

A lot of us were under the impression that each MN would be a dex hub, and as such it would be difficult to stop the project. That's not really the case, since the majority of the trades will be run with a few liquid hubs, which could easily stop one day.

[Anonymous No.26431674]

I will tip 50 XSN if someone can translate a TLDR of this FUD to turkish and post it in the turkish community channel

[Anonymous No.26431903]

... And the great dump begins. I hope you sold!

[Anonymous No.26431916]

Looks like XSN is dumping as predicted.

[Anonymous No.26432066]

>tfw almost bought because of MN
now I see the hub thing, lurking never let's me down

[Anonymous No.26432067]

Sorry to say this to all you plebs but this specific info has been known since early last year. There was no point in telling you plebs because of... well.., you see what is happening right now. You all are stupid and can’t handle the truth or reality because you don’t give a shit about the project and it’s groundbreaking technology but rather just about $$$MONEY$$$
If you were rich you would’ve already know...... but you arnt.. so you cry, because you’re poor. Life isn’t fair huh

[Anonymous No.26432453]

I wonder if the discord shills still have the audacity to say "stop reading what biz says!" after what happened today?

[Anonymous No.26432676]

>>26432453
Tommy still saying that we didn't read anything(trading channel). However I'm pretty fucking sure that 90% of the dex fees go to the hubs and 10% to masternodes is brand new 'reading material'

What the fuck is that guy's problem. He must've been part of the shill campaign. Gotta be.

[Anonymous No.26432705]

Remember that the crucial part of the project is still in closed github repos. There's no saying that the devs are WAY behind in the projected schedule. You have to give them your 100% trust that they're actually doing the right things at the right time. A nightmare situation would be that they've faced obstacles too high to mount, and are just toiling away until the occasional pump & dump announcements fail to gain traction. You just don't know. How much can you trust these people after them not telling you the truth about the fees for YEARS, despite having every opportunity to correct people.

[Anonymous No.26432739]

>>26432453
LMAO this dumpster is going straight back to .05 after this bombshell! You fucks got fucking mislead again. Never change /biz/ never change. I bet Rubic is looking really good now. HAHAHA THIS WILL KILL UNISWAP!!! A bunch of faggots per usual.

[Anonymous No.26432748]

>>26432676
well as long as the dex works out that is still a free extra wage every month on multiple nodes.
i never really believed hat chart for anything but the current rewards we get from MN's

[Anonymous No.26432842]

>>26432739
It's still inarguably going to be better than uniswap.
By far.

[Anonymous No.26432877]

>>26432705
Clearly there's something else going on they're not telling us, and I don't just mean being behind schedule. But, the pumps really fucking tank. And they've tried to shill this on every outlet and even to gay btc maxi man. You're right, it just doesn't gain traction. And at a time where people are 'smarter' in the crypto space. It's not 2017 anymore.

Maybe we're all super retarded.

[Anonymous No.26432891]

>>26432842
No nigger it's not and you've been had. Throw away the fucking MCD infographic and wipe your ass with your MN. It's unironically over.

[Anonymous No.26432948]

>>26432891
>>26432877
i mean the swaps are being done. so part of the dex is working

[Anonymous No.26433007]

>>26432705
The important people always knew. Looks like you weren’t one them.

[Anonymous No.26433056]

>>26432948
So they say.... Apparently these cross chain swaps were being done a month ago if not more in the 'closed group' test according to shills. Only recently Stakenet announced that cross chain trades were happening. I might actually go back to those in the archives, cause I bought more based on that infor. Fucking shills.

[Anonymous No.26433082]

>>26432948
I'm not questioning the swaps working but the HUBs and everyone thought they were getting that sweet sweet trading fees but it's 10% LMAO get fucked!

[Anonymous No.26433123]

>>26432948
>i mean the swaps are being done
The first time they showed the swap ui was over a year ago. They've reskinned it, but it's still work in progress. They said that the Raiden integration was 80% done and "being tested", and then it was suddenly scrapped. I wouldn't place great trust in anything they say if it cannot be independently verified.

[Anonymous No.26433239]

>>26433082
>but it's 10%
It's actually less, since the idiot dev forgot that they've said 10% is burned. So it's actually 9%.

[Anonymous No.26433294]

>>26432891
I'm not talking about the MCD infographic I don't give a shit about the income.
I'm telling you as a fact that on paper this shit is far superior as a DEX to uniswap.

[Anonymous No.26433653]

thank you guys for catalyzing a very insightful discussion in the discord. I have a better grasp on how the architecture works now, and i cant say im much less bullish than i was a couple of hours ago.. maybe im just deluded though

[Anonymous No.26433677]

>>26433294
No, it's not. You really don't get it, do you?

Each hub is its own centralized exchange that has a karma rating attached to it.

There isn't one hub that controls all of the trades on Uniswap. Uniswap doesn't have reputation ratings.

[Anonymous No.26433950]

Now that we've got this sorted out, you need to ask why they're using the MNaaS hosted MNs, or their respective VPS to be more exact, to mine Eth!

[Anonymous No.26433977]

>>26433950
Still waiting on that screenshot though.

[Anonymous No.26433980]

>>26433950
how would that even work if i dont even run the core wallet most of the time

[Anonymous No.26434089]

>>26433980
What? You're paying the cloud service to host your MN. They are in turn buying VPS services from Vultr, with your money, to host the MN (and mine eth).

[Anonymous No.26434106]

>>26433677
No it isn't. Each hub provides liquidity for a p2p swap over lightning/connext. That is not centralized.
As Draper said they are also working on the possibility of anyone being able to provide liquidity too.

[Anonymous No.26434176]

>>26434089
I feel like even if they aren’t, they probably should do this, since the mns do fuck all, and never will.

[It's all so tiresome. No.26434236]

>>26426936
But what does it mean to provide LIQUIDITY? What happened with the 15,000 XSN that we've put up as collateral, isn't that supposed to add liquidity or something? Do I literally have to provide x amount of BTC and whatever currency pair I want to potentially gain trading fees from?

[Anonymous No.26434330]

>>26434176
big kek. I agree who the fuck cares. Mine eth for all i care.. They are building a platform that is gonna give me passive income for the rest of my life.

Also, fuck this Tommy guy.. what a fucking obnoxious cunt..

[Anonymous No.26434407]

>>26434236
>Do I literally have to provide x amount of BTC and whatever currency pair I want to potentially gain trading fees from?

Essentially, yup. It's like Uniswap in that regard. Except with this dex, they use nodes (hubs) ... That's how Lightning network and Connext work. These hubs have a karma system, and the best one gets the most trades, and therefore more fees.

[Anonymous No.26434451]

>>26434089
Nothing bad about that. If you buy a VPS from Vultr they could as well spin up the cheap ass hardware required for a MN and use their profits to mine some ETH. Unless ofc you pay for the hardware. You pay for your MN to be hosted, and it is hosted. Everything else they do with their profits doesn't fucking matter

[Anonymous No.26434477]

>>26434236
How the fuck do you expect to TRADE your collateral away? Of course you need to provide “additional” liquidity. Is this the most low IQ project in crypto?

[Anonymous No.26434645]

>>26434106
This has already been discussed. It's not really worth going over again and again and again.

Concerning liquidity, Draper has no control over that. Minimum requirement is set by connext and it's $500K. You don't know what you're talking about.

Let the adults talk.

[Anonymous No.26434991]

Bitfinex making the decisions now?

[Anonymous No.26435371]

>>26434991
what decisions?

[Anonymous No.26435445]

>>26435371
>what decisions?
Whether to delist XSN or not. They don't like to host scams.

[Anonymous No.26435489]

Yes masternodes are useless market sell XSN now much better DEX is here Rubic with layer 2 buy before you cant afford.

[Anonymous No.26435495]

In all honesty, I consider today a success. Got a lot of free XSN. Fuck you idiots!

[Anonymous No.26435621]

Now they're trying to say it's a world's first with USDT and BTC, when in reality, Open Dex already did this and they're using the same solution. It's a fucking plug in. They didn't invent the layer 2 solution.

[Anonymous No.26435633]

[Anonymous No.26435698]

>>26435621
Hey hey hey now, it already happened. See you tomorrow though!

[Anonymous No.26435723]

>>26435621
Link?

[Anonymous No.26435769]

Bitfinex going to be the largest liquidity provider putting up millions to run hubs for trading fees.

[Anonymous No.26435784]

>>26435723
Link for Open Dex? Go to their twitter or their Discord and ask. I'm not making an endorsement by the way.

[Anonymous No.26435864]

>>26435784
What's the handle. I cannot find it searching for 'open dex'

[Anonymous No.26435870]

>>26435621
of course they didn't invent layer 2, moron. But they are the first using L2 to swap between 2 different blockchains (and don't you give me that wrapped shit)

[Anonymous No.26435883]

>>26435698
I'm not sure I get your reference. But have a good morning/afternoon/night.

[Anonymous No.26435916]

>>26435864
https://twitter.com/OpenDexNetwork/status/1301102278963851264

[Anonymous No.26436005]

>>26435916
>layer 3
kek'd hard

[It's all so tiresome. No.26436008]

>>26434407
So basically the best path for me holding three masternodes would be to sell 2 of them and use that liquidity to hopefully get enough people conducting trades through my "hub"? This essentially means that the incentives for holding masternodes is actually rather "meh" doesn't it? Why would the price of XSN go up if people don't see a reason to hold masternodes? Only to sell it to the people who CAN provide liquidity or what?

[Anonymous No.26436069]

>>26435445
>Whether to delist XSN or not.
they just listed it you absolute dumbfuck

[Anonymous No.26436099]

>>26435916
Well fuck.

Seems people are really in the dark huh. Using Lightning and connext also.

[Anonymous No.26436135]

>>26436008
No. It won't work like that. In order to be a liquidity provider you need a massive amount of funds or you won't be competitive. Plus, there are restrictions on it that aren't defined by Stakenet team. It's out of their control.

[Anonymous No.26436211]

>>26436099
Yeah, too many people here don't do any research. One thing I've noticed in crypto is if a team always gives you an answer you want to hear, they are full of shit. A good team will tell you its limitations.

[Anonymous No.26436217]

>>26428792
> Only 10% to xsn holders
Keyword here is HOLDERS not masternode. This is the the XSN burn. Masternodes can also do lots of Duffy things so there's many ways to earn income from them in future updates. DONT FALL FOR THE FUD THEY WANT YOUR STAKIES

[Anonymous No.26436222]

thanks for more cheap xsn.
- weak hands xD
Rip when dex is launched, which will be announced next month

[Anonymous No.26436223]

>>26436099
>>26435916
So essentially, this page here is just what Stakenet are doing in closed beta just now

>https://docs.exchangeunion.com/start-earning/market-maker-guide#the-setup

It's even got the aggregator. Except OPen dex is more open about the stuff than Stakenet.

Wonder who will come out with the full product first. Internesting. Ty for this info.

[Anonymous No.26436404]

>>26436223
The difference is that opendex gives liquidity providers 100% of the profits, but it's the same type of centralized hub bullshit that Stakenet has going on. It's just that there's actually makes sense because they haven't even figured out a utility for their token, unlike Stakenet who lies through their teeth about utility.

What's amusing is that stakenet itself the chain, is completely unnecessary and obsolete because you can't even store liquidity on it and Stakenet blockchain or XSN specifically isn't involved in transactions on BTC lightning for example. The only utility for XSN is if you're using XSN to swap for something else. They're really fucking their holders imo.

[Anonymous No.26436565]

>>26436404
Yeah I know the XSN blockchain isn't involved in the trades. I'll read a bit more on OpenDex tomorrow. Interesting since they're pretty much at the same progress level.

[Anonymous No.26436587]

>>26436404
Latest low note was them claiming that there will be a XSN backed stablecoin, in a feeble attempt to create utility for the shitcoin.

[Anonymous No.26436650]

>>26436565
>same progress level.
They started to work with Connext way before, XSN was still adamant that Raiden is the way to go. They have no vision.

[Anonymous No.26436694]

btw 99% of the discord shills have never even heard of OpenDEX. This should be the next talking point.

[Anonymous No.26436696]

>>26436587
Yeah, of course with no description on how they plan on doing that. I guess now they're going to transform into a derivatives platform or Maker is suddenly going to accept a non erc-20 compliant token as collateral and mint Dai.

[Anonymous No.26436791]

>>26436650
Well, the only way the devs would be able to collect fees on both sides would be to switch to connext, because that way they can run their own centralized exchange and collect 100% of the profits.

[Anonymous No.26436905]

>>26436694
Nah, that'll be met with 'gay fud' or something like that. However, it is really interesting. I mean I think I could go trade btc/usdt right now on OpenDex. Sure it'll be through code, but that's what Stakenet closed beta is just now

[Anonymous No.26437318]

>>26434645
You've decided a decentralized service is centralized. Sure, whatever.
For Connext they currently require $500k-$1M (subject to reduce after some changes in Feb/March). This has no relevance to my statement, which was merely reporting something Draper said.
There's no need for you to be a cunt.

[Anonymous No.26437692]

How are you people so retarded. Stage 2 has hubs stage 3 doesn't.

[Anonymous No.26437711]

>>26423332
INJ is better, why are you still on this?

[Anonymous No.26437829]

>>26427048
This. Fudders are desperate right now making up shit and spreading misinformation.

[It's all so tiresome. No.26438098]

>>26437692
Could you explain in more detailed terms what you mean, please? Thanks.

[Anonymous No.26438217]

>>26436217
Based.
>>26436905
>34 post by this id
>>26436696
>28 post by this id
>>26436694
>39 post by this id

The absolute state of xsn fudders. Rent free.

[Anonymous No.26438238]

>>26437692
>How are you people so retarded. Stage 2 has hubs stage 3 doesn't.
Might wanna reconsider your position.

[Anonymous No.26438293]

down it goes.

[Anonymous No.26438316]

>>26438098
From what i understand. Stage 2 uses dex hubs while the original plan for hydra was to move everything to nodes. Now how this will be done is still in the air as they need to get past stages 1 and 2 first. It's hard to give specifics since you can't really know how well the other steps will go until they're ready. Basically you can't skip steps and tell everyone months and months in advance clear ironed out details.

[Anonymous No.26438366]

>>26438293
>41 post by this id
Wow someone really wants cheap stakies.

[Anonymous No.26438437]

>>26438366
>Wow someone really wants cheap stakies.
Not looking to catch a falling knife. It's going to 10 cents.

[Anonymous No.26439199]

>>26438437
Sure it is ranjeet.