/biz/ - Business & Finance

It’s not a matter of if it hits $5, it’s a matter of when.
I’ll ask the other question: when?

>>21224113
Why only 5$?!

>>21224113
When when when when I'm gonna coooooooooom

>>21224113
When do you think we’ll hit $100m daily trade volume?

>>21224192
We haven't even had mass adoption - so i tend to look for the next 10x. So from 50c to $5. When it starts to get to $1, and top 100 MC people will start to research and I think that will catapult it to $5.

>>21224237
As Above

>>21224262
me too

>>21224356
As soon as Raiden is launched - and you can dex trade Link for BTC - it'll easily hit 100m

>>21224491
When do you think Raiden launches? Early 2021 or late?

Do you see MNs ever making over 100k/year?

>>21224663
Not the whale but they’ll easily reach the point where they are worth $100k themselves. $100k income seems like absolutely everything needs to go right.
I bet $50k eventually isn’t out of the question though.

>>21224514
Given they already showed a test of raiden working - i'm betting on this year.

I figure we'll get a good bit of exchange volume from just the dex nature and the original lightning coins i.e. LTC/BTC

Then a bit more from Monero lightning connection (which I beleive is happening)

Then a LOT more from eth/btc

and then a lot lot more when raiden integrates all the other coins.

So i figure it'll be a multistage process.

>>21224663
If this thing continues to develop I think $300k-$400k is possible. Getting to 1bn exchange volume seems like a good goal.

300m daily volume is attainable - which gets you your 100k a year

>posw rebrand
LOL NO. Fooled me once in 2017. Never again

>>21224356
Raiden launch if not before (so EoY).

Think 40 - 50m should be doable on BTC/LTC given flows in that.

If Monero gets that lightning upgrade easily another 60m.

Think of all the people who want fast transfer of bitcoin - who would quick swap to ltc

>>21224947
I said during the last thread that i'd be back to feast on salty tears. Taste good.

>"Look ma I made a DEX where you can trade BTC, LTC, and a shitcoin no one wants!"

>>21225021
>nobody can refute this
Yep. That sure shut this “””””whale””””” right up.

thought people liked trading Eth and eth tokens :P

weak fud

>>21224663
No body actually believes this except from moonbois on here.

They might get expensive in the future, but the inflation of the coin limits their scarcity. A few people In discord have said that $5 is a high long term price. I agree.

As to dex volume / apy per year. 100k a year would need to be well into the future and no competition. This won’t happen, cause there will be other dex doing what stakenet does in a few years. Just like Binance isn’t the only CEX, Stakenet won’t be the only offchain DEX. A single masternode won’t make 100k/year for many years and a really high price. Don’t get memed by moonbois on her

>>21225804
Your comparison is Binance who does many billions of volume a day, along with many other exchanges?

Dex space will grow. With more and better dex infrastructure there will be more adoption.

It's good for XSN to be in a big pond! Only need a small piece of the pie - 300m volume to earn that 100k a year per node

>>21225919
>Only need a small piece of the pie - 300m volume to earn that 100k a year per node
Is that based on the 2000 nodes math shown in the charts/tables going around? Realistically it’ll probably be more like 4-5000 so we probably need 600 instead of 300. Still attainable of course.

>>21225989
yeah based on that chart - i'm interested to see where nodes go. Even in that case 50k per masternode per year is not bad to me

>>21225919
And how have you based that 100k? Do you know the exact amount of masternodes that will run the order book? Do you know the trading fees per day?

No, you do not. Look at the growth of master nodes just now. There will more than likely be a lot more running the order book than you think, and the fees for the dex at that point will be so low to attract lots of orders.

>>21226086
you make estimates based off information you have.

Of course if things change so will predictions

>>21224947
posw rebrand with new team, could it be that bad if all the bad parts have been cut out?

>>21224113
Short it do anything to lower it. Im at 7200 xsn let me accumulate more shit. Im almost halfway there.

>>21226601
i've been watching the book, there appears to be iceberg orders waiting. So... yeah good luck. Would need a whale to exit and it ain't me.

People thinking there will be 4000 MN’s are stupid because of a few factors.

1 - Inflation is not high enough to support it for like another 10-12 years

2 - DEX is burning XSN and at this price right now $60M of daily volume would be enough to burn more XSN daily than is created making it deflationary

3 - Soon people will be priced out of MNs so won’t be able to afford them.

4 - As the price moves up to $10 people will start breaking MNs to take profit but people are priced out of being able to get enough to buy one

5 - the more XSN that move into MN’s over staking makes staking more profitable until you get to a point where staking is more profitable so people start moving back. This is by design and balances the network.

I think by the time DEX is in full swing and XSN is $5 there will be around 1200-1500 MN’s and they will be making bank on their daily rewards and fees.

>>21225009
i remember that

>>21227017
Agree, I think it will be 1800-2000 mns anyone saying 4k is crazy. The barrier to entry is going to be super high soon.

>>21224113
link to original AMA thread?

>>21227736
my fear tries to convince me theres secret whales with extra MN's they are waiting to kick online thus taking the lions share of the profit and leaving anyone with less than like 20 high and dry but thats just my own brain FUDing me

>>21224706
>Then a bit more from Monero lightning connection (which I beleive is happening)
first I've heard of this, any news sources talking about Monero on LN?

>>21224977
what's the prerequisite for xmr to enable LN?

been researching this as I believe it would be a huge plus for the dex to offer a decentralized, no-kyc trade option to existing xmr holders, as they're really the core target market of the dex. I can't find much on LN integration for xmr tho

>>21225989
even after all the accumulation and inflation from the past two months active node count is under 2300.

no reason to believe 4000 is coming anytime soon - there will be serious fomo driving price up near term, which will likely prevent all but the big players from entering the revenue share at Hydra.

maybe you're right about 4000 nodes after a couple years - but it's not gonna happen before Hydra hype has come and gone, and we resettle post-bullrun/ath.

>>21225804

So 2 options:
1) keep chasing pnd shit projects and make a little money now to buy beer or

2) buy and hold xsn for 1 or 2 years and make 100k per node for the rest of my life.

Rofl option 2 is the easy decision

>>21225533
So one of my biggest concerns is that (its my understanding) it will be along time before XSN can aggregate from other DEXs because they need to have instant confirmation (like raiden provides, and almost no DEXs have). So it seems unlikely that we'd be able to tap into the volume for from DEX's, or benefit from things like Bancors liquidity amplification tech.

is this a concern for you at all OP/ do you see DEX's eventually integrating L2 so that aggregation from them will be possible?
also will Eth 2.0 make this point moot?

>>21228030
oh there are some waiting in TPoS.

even with that it's not going to come to equilibrium with 60% of coins in nodes unless node revenue makes up 60% of total revenue, which means dex revenue would have to be 15% of overall revenue.

you can do some calcs to estimate this at various price levels, but realistically price action on this is going to dictate node count on the near term.

we're at equilibrium for now, unlikely to see any real shift higher in node count until Hydra comes into play, and then it'll be completely driven by trading volume and coin price.

Alright lads going to fomo in 3 MNs today. I hope we launch to the moon

Sitting comfy with 11 nodes, I will not exit, no sir

>>21228686
based

Lol fuck feeling the fomo

>>21228686
Good luck sir hope the fomo treats you well. I've felt it before.

Can't wait till 5

>>21228686
Im gonna watch the price and orderbook. If you keep word, that'll push the price towards 5k

>>21228358
Why would you wanna rap into dex though? You know this is aimed at professional traders right? Most volume happens on a CEX.

They will need to have a lot of people with a lot of liquidity running the agg software before launch. I seen they made a post asking for devs to try it. But they didn’t post it to twitter iirc

Imagine joe blogs trading on bitfinex 20k/day doesn’t need to log into 5 different sites and make trades on 5 different webpages. He can make a trade from one location and the arb software (run by thousands of APIs) will get him the best price. The people running the bot also make money. I mean that’s the outlook I have of it.

Liquidity will certainly be an issue though. I hope the pairs they launch with have arb bots with very high balances

>>21229602
Wire transfer wont post until the morning and I was dumb and did an ACH a few days ago that won't post until Thursday since I hadn't signed up for Wires yet.
So will probably get 2 tomorrow and 1 Thursday long as nothing delays

to late for Statera ?

>>21228358
Not really. If they can aggregate from cex then it's pretty sufficient.

Also there will be incentive to move dex liquidity to instant exchanges.


In cases where it doesn't happen they can always do what 1 inch does for thr atomic l1 swap part of the dex but I doubt things will get to thst point.

>>21229792
Fuck off with your shitty token, nostakie. This is Stakechan

>>21229688
>Liquidity will certainly be an issue though
i guess that's ultimately the root of my concern. It seems to me that you're saying that XSN dex will rely on numerous arb bot traders to use the platform before the DEX will be viable -- which seems like we might run into a critical mass issue where there is only incentive to run your API on XSN if others are doing it too (and thus the platform is actually being used).


>>21229921
>Also there will be incentive to move dex liquidity to instant exchanges
little scary having to rely on other projects to get their shit together. But i see what you mean by CEX volume being sufficient, so long as the bots are there though ^^

>>21230302
The incentive to run an arb bot is higher if fewer people run one

>>21230302
Yeah that's part of it. The concern is defo one I've had


What they showed through the videos of a hook into cex liquidity was eye opening to me.

A platform without liquidity is dead. A platform with provable startup liquidity and a usp.... Now that has me interested.

>>21230302
Well yeah. The plan is to have millions of api connected bots ALONG with tight order spreads on the order book itself I I get it right.

At that point in time, the arb bot will only really be sourcing the best price. Rather than providing liquidity, since the order book will be plenty full already.

Vortex mate. Suck them in and then it’s all yours

>>21230302
As it is right now until MN’s are crazy expensive a project could buy an MN and use it to host/launch their own token, they provide their own liquidity from the token plus they would get the benefit of getting all the trading fees ok their token minus the 10% so would be in their interest to move their community from other exchanges to XSN DEX where they will make money off people trading their coin

>>21230432
the more i think about it, i suppose that's true. I have no idea what goes into coding an arb bot, but if its easy enough to tap into XSN then i don't see why they would at least give it a shot.

>>21230482
it really is a fantastic idea to use the existing CEX infrastructure and liquidy for these purposes. I guess we'll just have to wait and see if large volume arb traders join in.

>>21230512
Yeah long term this will obviously be the case, but getting to that point is going to require buy in from big arb traders initially. If that doesn't happen this will die out from lack of liquidity/use.

>>21230531
This is also a really interesting idea I've see floating around. Assuming a MN isn't prohibitively expensive/ a project can get enough venture/seed funding this will almost be the same as a project locking liquidity into uniswap. I wonder if this sort of interaction will have to wait until hydra though (ie full control of masternodes over the system)

>>21230531
Can you explain on this further cause I can’t wrap my head around this. And I know it’s a thing stakenet have planned.

Assuming a project does that with their own coin, how does another masternode holder benefit from it if that project will get all the fees? They don’t?

>>21231304
Yeah, it’s going to need a good marketing campaign to get people using/invested. I hope the price increase has given them a good Income injection for some.

It kinda makes me have fud whispering in my ear when they post videos of really cool shit and no one notices. Also I don’t think they’re in good standing with other top cex at this point. Where would they market it, a banner on CMC? Hell no.

Maybe banners on Twitter/Coingecko and the likes, but I have this feeling in my head that the team only wants organic growth from users. So it will only keep things to twitter and users telling their friends to use it etc etc. Also the cloud will need updated, it’s incomplete and loos bad to normies when things don’t work. Maybe they are going too fast with the dex launch without first getting everything else ready. Ahhh see, my own fud talking me out of this. Fuck sake.

>>21231771
Afaik proper marketing is in place for the launch

>>21224237
1 XSN = 1 Big Mac

>>21232650
You want to ensure MDP first. Its essential if we're to ever get there.
MDP being McDouble Parity

>>21231771
Yeah i'm in the same boat with subtly fudding.
What i keep telling myself is that I have to reframe how I'm thinking about projects and be much more patient and forward thinking.
like you said the team is focused on organic growth and have set themselves up with an ambitious road map (but with the team to pull it off). Lots of the hyped projects right now are being implemented quickly, but don't have nearly the breath of scope that stakenet is trying to achieve -- mich just means its going to take a long time.
Look at LINK -- its taken years, but they have finally gotten to the place where they are getting partnerships and adoption, and are getting their rightful attention because of it.
which is to say if the team just keeps chugging along and doing everything they set out to good things will happen -- the old "if you build it they will come" idea

>>21233119
To be fair, XSN is taking off the way its taking off because they built for 2.5 years straight

>>21233629
tottally. and that is proof of their commitment to the project long-term (and a lot of it is volunteer work if in not mistaken?). This might take a while still to reeeally take of, but they have the dedication to see it through to the end