/biz/ - Business & Finance

>>27294593
Stakenet is developed by X9, a blockchain development team who were initially contracted to create a dedicated coin for a staking service/CEX called PoSWExchange. CEXs based around altcoins were a trend back in early 2017, and PoSW Coin was like an early form of BNB. You could stake dozens of popular PoS coins on PoSWExchange, trade them, and play with coin faucets.
PoSW Coin was shilled heavily on /biz/ around April 2017. It was 3c, and it pumped to 25c.
In late April 2017, PoSWExchange's centralized service suffered a security breach and they were forced to delist PIVX - the most traded coin on the exchange. The price crashed. After this point, the exchange more or less gave up and started delisting everything. There was complete radio silence for about 3-4 months and PoSW was assumed dead.
X9 had a lot of its own ideas for its own coin, and it decided to take over control of PoSW Coin in September 2017. They were in good standing with the community, so instead of making a new coin, they relaunched the coin as "PoSW 2.0", spent a lot of Q4 2017 presenting the framework of what they were going to build, and announced that the new coin would be called Stakenet/XSN. The coin swap transpired on Livecoin in March of 2018.

It's simple.
Stakenet DEX is more advanced than anything else that's competing with it - in a multi-billion dollar industry of all things - that continues to grow at a massive scale.
XSN has been flying under the radar for a long time. By simply chipping away at its relative obscurity within the crypto industry, it could very well rise to exceed a $1 billion market cap in the near-future.
The DEX is getting close to launch now, and the consequences of this are far more significant to crypto than any CEX listing could ever be.

>>21161764