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21542515 No.21542515 [Reply] [Original]

Is XSN a good idea? I have been thinking about buying some after my wagecuck shift but there has been an explosion of XSN threads today and now I’m not sure. I have been lied to so many times.

>> No.21542599

>>21542515
Do you think people will leave places like Binance, Poloniex etc for a dex? A dex that also has fees like all the centralized exchanges?
How did all the previous dexes perform, can you name any?

>> No.21542629

>>21542515
go by the facts. if the dex works like promoted its HUGE
livecoin is such a shitty exchange and you pay always over spot

>> No.21542694
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21542694

>>21542515
They're looking to become the best DEX on the market. It's not as if their idea as a whole is unique, but they are putting their own unique spin on it.

The team is competent, and shows signs of development over time (changing logos, comparison of the XSN Core wallet to the new Light Wallet, 2-3 updates per week while being a small team). I think the team has the potential to turn this into something big.

I bought in at .20 and thought I was too late. I have only profited so far and the DEX isn't even being used. Imagine what happens when tons of people go to their DEX a year from now to make trades during the bullrun.

>> No.21542907

>>21542599
All the layer one dexes that face congestion problems and high fees have done poorly.
Stakenet is a layer two dex. That doesn’t mean it will succeed and the team’s dogshit marketing department has me apprehensive, but it’s not apples to apples to compare this to uniswap or any other shit.

>> No.21542910
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21542910

>>21542694
> Imagine what happens when tons of people go to their DEX a year from now to make trades during the bullrun.

>> No.21542974

You think people would just LIE here?

>> No.21542992

>>21542910
...so no? ;_;

>> No.21543183
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21543183

>>21542515
fren i'm in exactly the same spot. i have enough for one masternode. but i feel like i'm gonna get rekt by something.

>> No.21543263

>>21542992
It's an absolute shitcoin. I like what they are building but nobody will use a shitty dex over the established centralized exchanges. But it's shilled here on biz so you can take a gamble. It's not like markets behave rationally. I've seen shittier coins reach much higher prices before they dumped into nothing.

>> No.21543313
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21543313

>>21542599
uniswap is popular as fuck despite the insane fees and constant failed transactions. I consider XSN my riskiest hold, but this is some brainlet fud

>> No.21543354

>>21543263
Why wouldn't people use a decent dex?

>> No.21543383

I've tested it. It's fucking sickkkk

>> No.21543436

>>21542599
cex vs dex market is tough sell; only people who already have crypto or are looking to arbitrage more efficiently will be likely to even try the dex.

layer 1 dex vs layer 2 dex though, that's a sweet spot and a market uniswap serves increasingly poorly as tx costs skyrocket. xsn can eat majority of shitcoin volume whole by supporting the bigger winners in that market. the dex has/will have all the benefits of uni, with lower tx fees and lower overall cost to transact.

uni is pushing $100mm volume, not a big ask to think the majority of that could go to stakenet after raiden integration. the big question is if people will then aggregate their whole crypto portfolio in the dex, because they control their own keys and are less likely to get their coins stolen in an exchange breach.

>> No.21543474

>>21543354
Why didn't people use all previous DEXes?
Do you really not know?

>> No.21543477

If buying in for the technology itself doesn’t convince you that it’s going to moon then just look at the charts, is there positive growth? Is it consistent? Is there any major pump and dumping occurring? Is there a high possibility that this coin will pump during the upcoming bullrun regardless of coin use? At the end of the day I’d personally say that xsn has had consistent pumping and growth in the past 1-2 months and a great dev team behind it, if they were to exit scam or anything they would of done it by now, not 2 years later after all the progress has been made. Will the product be adapted and widely used? That all depends on how fast the dex is fully finished and the marketing done for it. So far xsn is greatly ahead of the curve but the problem comes with the lack of exposure, it can be very deadly for a project especially if a new project comes out of nowhere and swoops up stakenets audience and everyone else. If you decide to buy in it would be now while it’s gone through it’s latest correction and stable at its current resistance point,

As always just don’t invest more than your willing to lose into and project and look at the product and charts of a project

>> No.21543563

>>21543474
no. tell me

>> No.21543702

>>21543474
Because they were shit and offered nothing more convenient than the centralized exchanges. XSN offers things no DEX ever has, and that is indisputable.

You can argue all day about whether people will use the DEX. But you cannot argue it's superiority (in concept as of right now) over it's competitors. When that concept turns to execution, you're gonna be coping if you don't hold this.

>> No.21543735

>>21543474
two reasons;
>don't want to be solely responsible for loss of coins (ie "fuck me daddy coinbase, I don't trust myself with my own money")
>don't want the high tx fees and failed transactions

the dex solves #2. #1 will continue to be a problem as long as retards exist (read: forever), but hoping that people who appreciate owning their own keys to transact will eventually try the dex, see its simplicity, and consider moving more of their trades to it.

also, having a legit layer 2 solution will help with privacy and push more chains to implement meaningful enhancements to transact more efficiently so the market can actually scale to support real financial services.