/biz/ - Business & Finance

>>20282695
Based.

>>20282744
Checked.

>>20282799
Checked.

>>20282695

23 MNs Gigachad reporting in.

>>20282744
>>20282799

Checked

>>20282866
Checked. Xsn always get the digits after link.

>>20282866
Checked and based. 23... You got 2x fuck you money fucking nice.

>>20282695
It's fucking dumping, can't believe I sold a part of my Link stack for this

Regarding the DEX. On release the DEX will be on stage 1: GAIA. Afterwards on stage 3: HYDRA the masternodes will fully be hosting the DEX. 90% of trading fees go to all XSN Masternodes (spilt up), the other 10% will automatically be used to buy XSN at the market price which will then be burnt.

>>20282943
>Small price correction
>It's dumping
It broke 3000sats just recently, a small correction is normal. Now it's stabilising just under 3ksats, when it breaks through next time make sure your bags are packed.

>>20282956
Nice. I'm already getting around $150 usd a week. Can't wait until trading fees come.
>T. 13 nodes

>>20282943
Now that it broke above 2.5k and 3k, it really has no major ceiling to break through til 5k.
Do you think it will get there?

>>20283247
Yes, there will be people putting up walls to try and suppress but those tend to get eaten so it's not worth it.

Look at the orderbook on livecoin (or on blockfolio set XSN to livecoin not global average and you can view the books)

The total BTC value for the XSN sellorders has been going up while staying under 1% of the circulating supply. Yesterday it said around 120 BTC worth, now it's around 140 BTC.

>>20283282
Yeah, that happened at both 700-800 sat and 2.3k.
Ever since it broke 2.5k, my advice to anyone accumulating is to simply keep an eye on it and make it work for you.
If you DCA your way into a MN or two and stick with it, it has tremendous potential to turn into a serious passive income stream.

>>20283426
I would buy the dip but i've already finished accumulating. The chart itself looks amazing. Pic related is the 4hr chart.

wait wait wait. so why do you guys think this will be the most popular dex around? isn't this just a copy of blocknet but with lightning? shill to me why this will be the dex to rule them all.

>>20283468
>No KYC
>Non custodial
>You don't need to own XSN to use the DEX
>Lightning enabled
>Radien integration
>Vortex aggregator from other CEXs/DEXs
>Monero will be added too

>>20283510
So it's Blocknet but with lightning instead of Atomic swaps.

Sold at 12c AMA. Actually don't, I'm just gonna kms.

>>20283609
Blocknet requires you to hold their coin to pay trading fees.
XSN will also have atomic swaps in the future.

>>20283616
It's still sub $1, pretty of time to stack you bags.

>>20283609
The xsn Masternodes host the blockchains of other coins, you won't need to download everything. Just their multi-currency lightwallet which the DEX is built into.

Total newfag at all of this.
Just bought 400 bucks of link.
I want to hop aboard this XSN train.
Is it too late? Should I throw in a couple hundred bucks? It’s all I have.
Sorry for being so new and retarded but any help would much appreciated.
What do I do?

>>20283616
Buy back in, this is the dip.

>>20283666
Checked. Xsn will still be cheap under $10 when you think long term. the current prices are the best for getting masternodes. A few weeks ago xsn was at 700sats, we can only go up

>>20283468
Blocknet does L1 on-chain atomic swaps that require mutual on-chain confirmations and therefore have long wait times. It is, however, a proper DEX that goes its own way in quite a few regards.
Stakenet does L2 Lightning atomic swaps. As the swaps are done off-chain, they are instant and so is sending/receiving. Fees are competitively lower. Any Lightning-based coin is immediately compatible. Stakenet's L2 is code-agnostic and capable of using smart contracts to bridge Lightning with Raiden without using any placeholder tokens. Ethereum and every ERC token will, by XSN's L2, inherit all of Lightning Network's features (instant swaps, instant send/receive, very low fees).
Direct swaps from BTC into ETH will be possible through this bridge.
It also capable of doing L1 on-chain atomic swaps.

>>20283705
Without being too retarded, can I ask how I can buy it? Any good sites you recommend?
And what’s this about anons receiving daily payments? Is this a feature?

>>20283630
>Blocknet requires you to hold their coin to pay trading fees.

ah. didn't know that actually. that's a plus. but why would i use this dex over something like 1inch which already aggs between a shit load of pools? don't you think that people are moving away from the order book style of trading and more looking at instant swaps type icons on a screen. like uniswap, 1inch, aave etc.

thoughts?

>>20283666
Checked satan. Like I said in my previous post, sub $1 XSN is still cheap. Masternodes currently have an income rate of 16% per year, plus you can stake your xsn if you don't have a node.

>>20283730
W-what is a masternode and how do I go about obtaining 1?
I want to learn and there’s no better place than from you guys.

>>20283720
Based.

>don't you think that people are moving away from the order book style of trading and more looking at instant swaps type icons on a screen. like uniswap, 1inch, aave etc.
No, most people use these because there still isn't a proper DEX, Stakenet fixes this.

>>20283773
Whoops meant
>>20283728
for the 2nd part.

>>20283729
Livecoin.

>>20283773
>>20283787
mhmm. i mean i guess. will i be able to place limit orders and stuff like a proper exchange?

>>20283720
wasn't there some hooha about lightning though, it's dead tech or something. don't yell, it's just not read up on shit like that in a while. i'm sure like last year atomic swaps were the bees knees and everyone was trying to integrate to atomic.

>>20283729
You can buy off livecoin atm. It doesn't have KYC but deposits/withdrawals take a while, so you'll need a bit of patience.

The daily payments is from masternode rewards and staking rewards.

>>20283746
You need 15000 xsn to make 1 masternode.
You'll need the core wallet to store your funds (you may be able to host masternodes from your ledger in the future). The cloud website also does Masternodes as a service which cost 15cents usd a day for 1 node.

>>20283834
Pic related is the current DEX (in beta testing).

>some hooha about lightning though, it's dead tech or something.
Stakenet fixes this.

>>20283746
MnaS guide video. Really easy to do.
https://www.youtube.com/watch?v=x9_YdU8vWrU

If you need help with the Core wallet or anything else the devs can help you in the discord.

>>20283609

>Blocknet

Topkek, you got it kid.

>>20283946
Is this sarcasm?

>>20283902
.... doesn't that just look like the blocknet one? it's the same colours... will they change the colours so it doesn't look like a copy?

what's the 'can receive' up at the top left. is that the lightning channel thing they talk about in the video i just watched. you can't receive any money until you hook up with a node to open it and get your stuff?

>>20283965
Pic related is blocknet (taken from their website). The 'can receive' is for the lightning channels. Mine says 0 because I haven't synced up my lightning. It is done automatically btw (current default is 50% of your funds). The lightning sync takes less than 5 minutes to do, however the initial sync time for bitcoin is around 20-40 minutes.. the devs are looking at reducing this.

>>20283929
Thanks man. Will check it out, appreciate the help truly

>>20284044
Checked no worries. Once ledger getd their shit sorted they'll have staking on ledger. So you can get masternode rewards, send them to your ledger and start staking them.

>>20284012
so is that beta still on or is it closed now? you can't start trading until you open up a lightning channel? won't all that shit just confuse and put off normans? 1inch is good cause you just go in and click away from your meta mask in an instant.

>>20284116
The beta testing is ongoing. The lightning channels can be automated. I think the devs will have options for normies and advanced users the first time you open the DEX. Right now they are focusing on making the DEX 100% stable before they start doing more QoL changes.

>>20283965
You can stile the wallet in any color u like if it's such a big deal to you.
Maybe they added more option since I tested it many months ago.

>>20284316
They've taken off styles for now, easier to test for issues with the DEX and not have to worry about each skin. Skins/styles will be re-added though.

>>20284221
so you think this will be out and fully functioning with lots of trading pairs, including raiden integration in the next year? how are they going to market this. getting customers to come to a brand new trading platform is getting increasingly difficult as new ones come up all the time.

>>20284116
It's still on going. Devs said the dex is closer to 1 month than it is 6 months.

>>20284459
Yes. The dex should be out within 2 months. Raiden is currently at 35% done (as of last week) so it'll be done by end of year. I think stakenet has marketing planned. Also dyor on frank amato.

>>20283834
By design, Lightning's bottleneck is a lack of small-scale profitability. The fees are too low. The incentive for routing LN fees is too little, in and of itself, for most individuals. This lack of small-scale profitability beckons large, centralized "Lightning farms" to surface and take full leverage and control.
To combat this and make extraordinarily powerful use of Lightning, each Stakenet masternode immediately provides LN the collateral locked within it (15k XSN) to rout payments and process tx.
XSN MNs are intelligent and do multiple jobs. It's no issue for them to rout payments on top of it. Collectively, the MN network serves as a quasi-centralized liquidity pool. The more the network is worth, the larger it's channels can be, and the more network demand it can offset from LN.
This solution, in essence, provides Lightning Network an alternative to the "Lightning farm" - equal in scale, but decentralized in nature.

With a profitable, properly decentralized ecosystem in place, off-chain Lightning Network tx should allow Bitcoin to scale much farther beyond it's on-chain limitations. They have the potential to serve as an effective counterbalance to the limitations and costliness of on-chain tx.

All that said, atomic swaps on LN are as fast as sending/receiving on LN.

>>20284459
The Dex should be out soon enough. See >>20284484
I'm in the testing groups, the DEX is very slick. Honesty can't wait until it's out so I can swap my node rewards for link (when raiden is done).

>>20284536
so really they want to become the defacto trading platform for btc. they want large amounts of btc going through this lightning network. not just trading, but they want to scale btc so crazy levels by making this network everywhere. so i can send 500btc to my mate in an instant. i can pay for my lambo, in an instant because the vendor will be running a dex hub? ... yeah?

>>20284484
oh well that's pretty sweet. i'll keep my eye on the space and see how it goes.

>>20284630
Anything LN, anything Raiden. XMR slowly coming into play now that XMR.to has LN channels for BTC.
If you're sending 500 BTC, you might as well pay the on-chain fee. On-chain is arguably safer as there are less steps from A -> B. You could, of course, send it off-chain too.
If you're buying a beer or a cup of coffee, computer parts, or trading alts, off-chain is your best bet.
If that service that lets you buy a Lambo for BTC is still up and running, you could actually go as far as to pay them in BTC from the USDC cross-chain swapped from XSN MN rewards.

>>20284630
Lightning is more than just bitcoin. Any lightning enabled coin can be added to the DEX within 2 days. Once raiden is done we'll have eth + 5000tokens to trade with too.

oh man, i feel really bad for these newfags getting sucked into this scam. these devs are incredibly intelligent, and have the art of deception perfected. while one thing is going on over here, they are actually doing something else over there. Brilliant. Look out people, you can't imagine what i've found out about this beautifully designed scam

>>20284896
Hey fudder where have you been? Finally woke up.

>>20284908
>>20284896
He's finally awake.

>these devs are incredibly intelligent
You're not wrong there.

>>20284832
>>20284723
i still think it's a huge gamble, there's so many dex's out there. the early link threads had a lot of tech shite in them that went competently over my head, but i still invested in it lmao.

why is the meme 100$ 2021. doesn't that require stakenet to be the absolute biggest dex in the world? you think it will achieve that?

>>20285428
Yes, the tech alone puts them further ahead then any DEX out there. CEXs don't even make the cut since they are CEXs. $100 is more than possible in the bullrun. To reach $100 XSN will need a market cap of 10 billion, to give you some perspective; eth went to 113 billion MC in the last bullrun and this run will be much larger.

>>20285464
>CEXs don't even make the cut since they are CEXs

well yeah i agree with that. i just recently had a friend want to invest in crypto and he's like, doesn't that defeat the purpose of it if i have to trade on Binance (after explaining cex/etc etc). but with so many other dex projects out there, it's going to be damn hard to break out i think. unless of course, this tech is really the solution to the problem. i'm not smart enough to know that, i'll wait for more prophecy memes.

the gigachad memes are a bit homo lol

>>20285428
Blocknet hit a $300M mcap back in 2017 when no one was using DEXs
$1 bln is quite realistic for Stakenet and what it's been building with those same market conditions.

>>20285563
If you have the time take a read of the stakenet lightpaperl;

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

This may give you more information.

>>20285603
so the dex doesn't really seem to be a big part of it according to that paper. it's the xsn network that's the main thing?

>>20285846
The DEX is big in it's own right. Stakenet is more then just the DEX however. So there is more reasons to own XSN and masternodes.

You can think of as this;

Windows was the first main OS
XSN is basically an OS for crypto with the DEX being their first 'program' (Dapp).

I didn't get a clear answer last time i asked this, but is it possible to host a MN in your house by giving an FQDN instead of a static IP?

>>20282695
I'm too poor to own an XSN masternode
Can I have commiseration images of pepes and quite animegirls because I am now sad

>>20282866
Oh fug
Grats dude
Remember us on your yacht, but only for a few seconds, because you'll be very tired with all that yachtfucking to do any remembering of things

>>20284536
How to become insanely rich: Be the guy who earns peanut% on massive transaction volumes
Congratulations folks, some of you are going to have banks as your sextoys

>>20286265
>>20286280
>>20286334
Try to stack as much as you can, hopefully you can build up into a node. Staking is an option too.

>>20286396
Hopefully I'll be able to afford tha tin two weeks, no spare cash for now

>>20286464
Rip, the price will most likely be a lot higher by then.

>>20286477


>>20286265
Its dumping hard

>>20286737
>2807sats
>Dumping
What? Look at the daily chart. We were a lot lower 3 days ago.

>>20282695
Whys is dumping? The razor thin order books can’t withstand a dump, I’m getting weak hands

>>20287409
>Still above 2800
Cope.

so how do i set this up to buy monero?

>>20287932
You can't just yet. XMR.to just introduced LN for in and outbound BTC tx for the first time a few days ago. That will work nicely with the wallet, but it isn't exactly a native swap.
XMR doesn't run on Lightning, but there have been talks of bridging it closer for further interop.