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21634592 No.21634592 [Reply] [Original]

The whale who tried to surpress the price on XSN has given up. Over the next coming days we'll reach 4k, then 5k sat again.

Do I have to remind you guys why this one is a good investment?

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but has more volume than Blocknet's DEX, which has been on the market for 2 years.

>> No.21634817

When it hits top 100 it'll rocket as people start researching it

>> No.21635048

No, where is the whale??
I need 2 more masternodes for 3000sat!! Please my childers are poor

>> No.21635118
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21635118

In b4 blockucks spam to try and stay relevant

>> No.21635175

Can we get some memes that don’t look like they came from deep-fried nigger twitter?
Nearly every XSN meme is pixelated as fuck. If we want to be as successful as LINK we need better memes.
Otherwise OP is right. The tech is extremely sound.

>> No.21635262

>>21635175

Get on it.

>> No.21635325

The thing is, the crypto community for the most part are followers. They chase trends rather than understanding the true direction things are going.

That's why defi ponzi.on uniswap is so prevalent. It's profitable now But it'll collapse and then what?

We know l2 dexes are going to stamp out all others, and xsn is light years ahead. No one else is even attempting this

>> No.21635347

>>21634817
Why is this project so unknown? Is it purposely being suppressed or are we just delusional about its potential?

>> No.21635455

>>21635347
Partially bad memes, but mostly because unlike some projects (blocknet) the devs kept their heads down for two years and worked their asses off to come up with a good product first and THEN start marketing it more.
Stakenet’s community was easily under a thousand people until this year, because it was all about building something worth being proud of.
>>21635262
If I had an artistic bone in my body I would

>> No.21635466

>>21635347
this project is actually about technology. most don't care about that, they just want to flip shitcoins for a quick 5x profit so something that's a long term hold doesn't interest them

>> No.21635603
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21635603

>>21635175
The meme's are so fucking bad man. You know what it is though, the logo. It doesn't work well, trust me I've tried. The XSN chainlink cube is okay though, but I don't like how it's just riding off link.

The second Stakenet logo, the one with the super S was much easier to work with. The new X is really difficult to fit in. I've been trying to make some retrowave type ones like I did with AAVE, but I don't have a good X vector. If anyone has, hit me up with a protonmail.

>> No.21635682

>>21634592
im thinking about selling. fucking shitty exchange - scamy price movements.. fuggggggg

>> No.21635878
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21635878

>>21635603
This is alright

>> No.21636126

>>21635878
It really is a shame there’s already a token named hydra. It’s a much more marketable name.

>> No.21636146

>>21635878
Not my thing, looks shit to me fren, text doesn't fit.... no hate if you made that one.

>> No.21636306
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21636306

>>21635347

As >>21635466 said, most people in crypto don't understand anything technical. The great thing about Stakenet is it doesn't actually matter. I've invested in great tech projects in crypto over the years and they didn't really go anywhere because they were generally aimed at the traditional world which is very slow at moving towards crypto, whereas Stakenet solves a relevant problem within crypto which gives it much larger chance of success

In other words, people don't need to understand on a technical level as soon enough they will be able to see for themselves (they already can try the closed beta) and that will drive adoption. They don't need to understand or care why layer 2 matters when it's saving them 95%+ transaction fees compared to layer 1 DEX and offers the same speed as a CEX

>> No.21636502

>>21636306
Well said.