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21539802 No.21539802 [Reply] [Original]

Reminder that binance is pissing itself in fear over Stakenet/XSN to the point that they “accidentally” delisted it on coinmarketcap (which binance owns) last week until enough people called them out on it that they put it back

>> No.21540448
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21540448

>>21539802
How long before CZ and Cuckbase go running to Governments to shut it down.

>> No.21540532

>>21539802
i am desperately trying to fill my bags. i only have a measly 600 right now.

>> No.21540546

>>21540532
I hope you make it bro.

>> No.21540585

>>21540448
>shut it down
XSN is launching the equivalent of Skynet at this point. They can't shut it down.

>> No.21540595
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21540595

I hope the anon from last thread is in here.

Anon if you're reading this, how come your calculation on block rewards is half of what the mcwagie pic is? What are the numbers based on, can you give the formula with out the numbers so I can do some math myself?

>> No.21540613
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21540613

>>21540595
>continued

Or does anyone else have the formula for block rewards?

>> No.21540648
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21540648

>>21540585
I know but it's not launched yet and they could go after the devs I guess.

>> No.21540659

>>21539802
lol this image doesnt explain anything. the binance employee is RIGHT

>> No.21540680

>>21539802
how much xsn for a node?

>> No.21540713

>>21539802
someone explain this shitcoin

>> No.21540776

>>21540680
15k (extra 150 if you want them to host it)

>> No.21540903

>>21540532
Where do you buy it?

>> No.21540983

>>21540776
can it be done through the cloud interface or do I have to download their wallet? I looked at the guide for setting up a masternode in their cloud dashboard but I can't click into my XSN wallet to set it up.

>> No.21541086

>>21540983
You have to send 15000 to a legacy address you create in the Core wallet and do some other shit. So yeah you need the Core Wallet which is what you should want since you own the keys.

Send 150 XSN to the cloud ahead of time because it takes like 30-40 mins to confirm and creating the masternode will error out if it's not there.

>> No.21541208

>>21541086
thanks

>> No.21541232

>>21539802
>TFW you realize that tether is currently used by CEXes to inflate fees on ETH to stop DefI and dexes.

how likely is that scenario?

>> No.21541296

>>21540903
Live Coin

>>21540713
L2 Dex with Lightning and Raiden integration. An aggregator that pulls liquidity from other dex and cex. Masternodes can host dapps for fees, first dapp will be the dex. A lot more to id but there's the gist of it.

>> No.21541297

>>21540659
Dear sir. You are posting in a POSWcoin shillthread

>> No.21541305

>>21540613
That’s guys math is right.
The chart is a bit overly optimistic because it assumes 2500 master nodes (which we are already at) and that guy is using 3000 in his calculations. I personally think 3500ish is where we’ll settle at in the long run.
If you want to check math yourself, here’s the math for:

>Block Rewards (from stakenet website): With XSN, every 60 seconds a block is produced which mints 20 XSN and these are split 45 % (9 XSN) to staking nodes, 45 % (9 XSN) to Masternodes and 10 % (2 XSN) to the treasury to pay for development. Staking secures the network while Masternodes provide services for the network.
So in the case of a MasterNode, that’s
(9/NumOfMasterNodes)*1440 = XSN per day, then of course multiply by the current exchange rate to figure out value in dollars. 1440 is the number of minutes in a day. The calculation is the same for regular nodes too, but divide by number of staking nodes instead of number of masternodes.

>Trading rewards
Slightly trickier but still easy enough. Masternodes get 90% of the trading fees split among them.
.9*(daily volume)*(trade fee) = daily trade reward
Right now the trade fee is .25% (.0025) but that’s expected to go down with increasing volume.

>> No.21541368

>>21541305
Oh and for the trading rewards formula divide by the number of Masternodes, obviously.

>> No.21541379

>>21541305
I don't see how we get to 3500 unless big money comes in. Like 80%+ of the supply is locked. It would take a ton of people pulling out their staked XSN to convert it to masternodes, which would make staking more attractive.

>> No.21541494

>>21541305
Jesus, so the chart is way off then.

Fuck me.

>> No.21541559

>>21541494
Even if you cut everything in half, this is still insane returns, anon.

>> No.21541566
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21541566

I need more XSN yet I am a poor fag. help

>> No.21541643

>>21541559
Yeah I know. Still good. Won't stop me waging though so I might just leave XSN for now and flip on uniswap and try and get enough for a node outright. Then I can use my savings for a second one, or close to it.

>> No.21541828

>>21541379
>which would make staking more attractive.
The total supply right now is just under 110 million last I checked. I’ll round down to 105 mil for Easy math. That would mean master nodes are more profitable than regular staking up until 3500 of them exist, past that you are right, regular staking gets more per node due to how the rewards are split.
However, that’s not accounting for the other money you can make from master nodes, trade volume. The supply will always be growing too (very slowly due to the burn rate but still growing), so that equilibrium number of MNs will continue to rise slowly.

>> No.21541929

>>21541828
What would you say is a conservative $/xsn after hydra. Given that there's no competitors around (might be some in development)?

>> No.21541934

>>21540659
who has to explain anything to those chinks. they try to steal tech anyway. look up crypto chico's video on blocknet

>> No.21542194

Masternodes in 2020

Anon I..

>> No.21542241

>>21542194
ok; you were warned
>stay poor idgaf

>> No.21542412

>>21541929
Conservative estimate?
$15 without serious competition once Hydra is priced in.
$10 if/when the competition starts to catch up.
Moonboy estimate?
If we garner interest during a bullrun at exactly the right time and poach uniswap and all other dex volume immediately as well as plenty of cex volume, we could see $10 from raiden alone and $20+ from hydra; though I don’t know how sustainable that would be.

>> No.21542470

>>21541929
The result is all based on how many people start using the DEX. The more people that use the DEX, the more work the masternodes have, which means the value of XSN rises to fund the masternode holders.

Raiden alone can put this marketcap into a couple hundred million. Hydra you're looking at billions if it becomes well adopted.

>> No.21542488
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21542488

did the same with lcx lol

>> No.21543002

>>21542412
Yeah, I had around similar numbers in my head desu.

Competition will come.

>> No.21543421

>>21541934

It's on chain.

Gas fees now will be nothing to the fees paid in blocknet..it's useless.

Andreas confirmed l2 is the future

>> No.21543843

>>21541232
certainly possible

I have no idea what tx volume looks like for usdt right now.

if it's bigger than link volume, you may well be correct, because usdt is a naughty word to most defi'ers

>> No.21543975

>>21543421
the point isn't that blocknet is a legit competitor.

the point is that cexes (particularly binance and other chinks) are shady shitbags who copy tech to gain a competitive edge.

>binance
>yfii
>neo
I'm sure there are other examples but those are the ones that come immediately to mind