Stakenet Newbie Pack

[Anonymous No.21752366]

>What is Stakenet?
https://stakenet.io/faq/#what_are_stakenet_and_xsn
https://www.youtube.com/watch?v=sXj3_qKSUBk

>Whitepaper:
https://stakenet.io/Stakenet_Whitepaper.pdf
>Litepaper:
https://medium.com/stakenet/stakenet-light-paper-56552f8c07a2
>FAQ:
https://stakenet.io/faq/
>Roadmap:
https://stakenet.io/roadmap/

The links above consist of the Whitepaper (technical paper), the Litepaper (condensed version of the Whitepaper), the FAQ (database of great questions & answers), and the Roadmap (detailed list of items being worked on and features to come).

[Anonymous No.21752398]

Stakenet is a coin, not a token. The difference between these two terms are quite notable.
- A Coin is any cryptocurrency that has a standalone independent blockchain (Bitcoin, Ethereum, XSN, …)
- Tokens are cryptocurrencies that do not have their own blockchain but live on another blockchain. As they live on another blockchain, they benefit from its technology (ERC-20 tokens)

There are three options to earn passive income: 1) Staking 2) TPoS (Trustless Proof of Stake) 3) Masternodes
What is staking? - https://stakenet.io/faq/#what_is_staking_and_minting_or_forging
What is TPoS? - https://stakenet.io/faq/#what_is_trustless_proof_of_stake_tpos_how_does_it_work
What is a Masternode? - https://stakenet.io/faq/#what_is_a_masternode
1) How to regular stake - https://www.youtube.com/watch?v=h9XlI2PO5x8&t=2s
2) How to TPoS - https://youtube.com/watch?v=GGeYAGnVtqg&feature=youtu.be
3) How to setup a Masternode via MNaaS (Masternodes as a Service) - https://www.youtube.com/watch?v=x9_YdU8vWrU
Alternatively, if you wish to setup and run a Masternode yourself, click on this link - https://medium.com/@ethminer89/stakenet-xsn-masternode-setup-guide-453a49663e66
MacOS Masternode setup guide - https://medium.com/@hermesesus/install-stakenet-xsn-core-wallet-on-macos-94ccf96a3f0d

[Anonymous No.21752420]

XSN is available to be stored on the Core Wallet, Ledger & Trezor devices, and Cloud.
The Core Wallet, also known as the Controller Wallet when running a Masternode(s), is required when staking, TPoSing, and running a Masternode.
Ledger devices will allow you to not only Cold Stake via TPoS, but also host your Masternode collateral and Cold Trade via the Hardware Wallet in conjunction with the Light Wallet & Dex. These abilities will come to fruition once the next hardfork is implemented, but at this current moment, coins can only be stored but not staked.
The Cloud is a centralized staking pool where amounts of less than 10K XSN can receive small frequent payouts. The Cloud also offers Masternode monitoring tools, as well as MNaaS where $0.15 cents worth of XSN is deducted from your balance each day to pay for hosting costs and upkeep costs. The total cost per month comes out to ~ $4.50
Cloud:
https://cloud.stakenet.io/
Core Wallet:
https://github.com/X9Developers/XSN/releases

[Anonymous No.21752433]

Pic related, XSN DEX

[Anonymous No.21752483]

>Fee Structure:
https://medium.com/stakenet/stakenet-dex-fee-structure-aa1bcc30e6f8
>Dex Architecture:
https://medium.com/stakenet/xsn-%EF%B8%8Fdex-architecture-3e78a9017ef5
>What makes Stakenet Dex different?
XSN Dex is a True Dex with no centralized point of weakness. It is a Decentralized Application (dApp) hosted on the Masternode Network and provides a means for users to trade crypto assets directly from their own Stakenet Wallet without having to hand over control of their assets to a third party. It utilises Lightning Swap technology to make trades instantly. The assets never leave the users possession with XSN Dex unless the transaction is completed, and as such, users can benefit from the utilities, features, and staking rewards of the coin.
Additionally, users remain anon as they do not have to provide Know Your Customer (KYC) details to anyone, providing complete anonymity and freedom to trade without fear or worry. All transactions are done on a Peer to Peer (P2P) basis without the involvement of a centralised authority, making transactions more secure and less expensive.
Lightning Network + Radian integration (ERC-20 token support) + hosted on a Masternode Network of 2000+ nodes = Stakenet Dex - bringing back the original vision of Satoshi!

[Anonymous No.21752522]

How to purchase XSN:

Livecoin - https://www.livecoin.net/m/en
Beaxy - https://beaxy.com/

[Anonymous No.21752558]

>>21752366
>>21752433
>>21752522
Checked and based op.

[Anonymous No.21752619]

Latest Updates 1/2

[Anonymous No.21752626]

What a scam. Anyone that goes through this amount of effort to argue for their coin is a surefire scam. You've been warned. $0 EOY.

[Anonymous No.21752638]

>>21752619
2/2

[Anonymous No.21752663]

With the release of V 2.9.2, Stakenet brings a tested and proven Decentralized Exchange (DEX) Aggregation system which through the use of our API allows traders to connect and bridge liquidity from other exchanges onto the first ever Lightning DEX, this has been dubbed Vortex. Vortex is the ability of our Stakenet Light Wallet which allows it to connect and bridge with other exchanges (both centralized and decentralized) and execute trading strategies.

[Anonymous No.21752686]

What is DEX Aggregation?
The way a DEX Aggregator works is by spotting differences in the prices between assets. In simple terms, imagine if the price of BTC/USD was $10,000 on one exchange and $9,900 on a different exchange — the aggregator can take advantage of the difference in price by buying low from the one exchange and selling high on the other.

Our DEX Aggregator, will work for the user by checking multiple exchanges to find the best prices and post the orders within the Stakenet DEX orderbook. This works in favour of not only the DEX user, but the other exchanges as well as they get increased volume.

We believe this will change the way all DEX’s operate by allowing for this added inter-connectivity to solve much of the liquidity issues plaguing the current market as well as giving benefits to the user. It is this inter-connectivity that the DEX Aggregator offers that will not only benefit the Stakenet DEX, but other DEX’s as well by allowing access to all the liquidity that has been solely limited to Centralised Exchanges (CEX) in the past.

This provides what we believe is a much needed benefit for the wider market and industry by allowing more liquidity and depth to all DEX’s (something never having existed before) and the corresponding CEX/DEX.

[Anonymous No.21752696]

What benefits are there to the user?
Until now running arbitrage, bots and aggregators were a complicated scenario to get working alongside DEX’s. A cross exchange arbitrage at its core, requires instant trade settlements to work correctly. As the traditional DEX model uses Atomic Swaps, these rely on standard blockchain confirmations between each trade which resulted in difficult on boarding of liquidity and locking out traditional trading firms. As our DEX uses the Lightning Network, it allows us to have instant settlements (via Lightning) and in addition to this, it allows for a unique DEX API.

Stakenet is about bridging the Crypto-verse, one of the ways to do this is through the use of our DEX. How could this be the case you might ask? There are many exchanges out there, which means that liquidity is spread-out across these exchanges. They are like little islands all on their own, at Stakenet we aren’t interested in building another isolated island, we are in the business of building bridges between those islands in a real-time manner.

With Stakenet’s API the user can connect into any exchange that offers the use of API for trading like Binance, Livecoin, KuCoin, Bittrex, etc and bridge the gap. This will allow them to trade effectively from the exchanges orderbooks to the Stakenet DEX orderbook.

The XSN DEX is a true Decentralised Exchange that does not require a user to forgo their rights to be anonymous and with the use of liquidity partners, users are able to tap into the most liquid exchanges, trade amongst themselves, and keep ownership of their own coins. In addition to this, you do not need to own any other cryptocurrencies to use the DEX, other than the currencies you want to use to trade on it.

You can view the Stakenet API in action below where a live trade happening on the Stakenet DEX orderbook and it’s corresponding trade happening within Binance’s orderbook: https://youtube.com/watch?v=TsHE2rqIH9A&feature=emb_title

[Anonymous No.21752711]

What makes this different?
Up until now, aggregators couldn’t run correctly on DEX’s as the settlements were not instant. This meant that once a trade was done, they had to wait for the funds to be received via normal blockchain confirmations before they could make the opposing trade — and in trading, every second counts.

As our DEX is built upon the Lightning Network (LN), the API allows for bots to connect and trade, and perform arbitrage with other exchanges. What truly makes our DEX unique and stands out in the crowd is that trading over the LN — once a trade is submitted and filled, the settlement is instant.

This allows Vortex to trade confidently as once the trade has been performed on the Stakenet DEX, it knows that it has the funds within microseconds and can complete the corresponding trade within the CEX/DEX orderbook.

[Anonymous No.21752729]

How Does This Impact You?
Apart from the increased liquidity available within the DEX orderbooks, there is no other impact on you as a user.

Vortex automatically places orders into the corresponding orderbooks within the DEX as if it was a regular trade and to you, it will appear as if its just a regular trade.

There is no increase in cost for the user as the only fee applicable to them, is the Stakenet DEX trading fee of 0.25% and any costs for trading on a CEX is carried by the liquidity partner.
Overall
It is our firm belief that our Vortex will benefit the wider market and industry by allowing more liquidity and depth to flow through to not only CEX’s, but all DEX’s and CEX’s alike, which is something that has not existed before.

As it conglomerates the user bases, the aggregators do the work of spotting differences and allowing the users to get the best price available, whilst exchanges benefit from increased volume.

SOURCE: https://medium.com/stakenet/stakenet-dex-multi-exchange-trades-7193243f0c13

[Anonymous No.21752797]

If you would like to test the DEX for yourself just ask in the 'dex-beta-signup' channel in the discord.

https://discord..
com/invite/cyF5yCA

Full discord release will be out by the end of the month.

[Anonymous No.21752831]

>>21752626
Cope.
>>21752711
Checked, thanks for the info drop op.

[Anonymous No.21752850]

>>21752831
No sweat.

[Anonymous No.21752861]

>>21752850
Thanks doc.

[Anonymous No.21752898]

Pic related, TL;DR of DEX.

[Anonymous No.21752948]

>Replies: 18
>Posters: 3
Holy cringe and desperation

[Anonymous No.21753180]

Please bros... I need to make it, my masternodes need to set me free from wage slavery

[Anonymous No.21753482]

>>21752948
Cope
>>21753180
You will.

[Anonymous No.21753485]

>>21752366
>>21752433
>>21752522
>>21752711
Checked and based

[Anonymous No.21753567]

>>21752522
How the fuck does the liquidity of this coin still depend on 2 shitty exchanges? wasn't cryptopia a disaster enough?

Also staking sucks because the government will cuck you up when you cash out. "You should have paid income gains, this is not capital gains, here's a fee"

Also not sure if the government will be ok with money laundering scams like those exotic unregulated exchanges being proof of legit origin

In4 murrican tier replies

[Anonymous No.21753784]

>>21753567
Glow niggers at the IRS can fuck off, they will get paid capital gains. Not paying income tax on a coin I'm holding and not selling.

They haven't answered their phone lines in months doubt they have time to audit this shit.

[Anonymous No.21753865]

Am I fucking retarded? I went through every step to set up my masternode on the cloud last night, it said it would take a bit for it to fully start but I wake up this morning and it's still not running

[Anonymous No.21753904]

>>21753865
If it says new start required in the the cloud then the cloud team has to restart it for you. Had to do it to two of mine.

[Anonymous No.21754081]

>>21752696
So, the aggregator in this case is someone with a balance of a token you want to trade with, on a kyc exchange.

How is that aggregator gonna help when a new token comes along, and doesn't want to list on a cex, because of the fee, and lists on a dex with a pool. How are you going to tap into that liquidity?

How is a token, or coin, going to list itself on the Stakenet P2P exchange with no contract option for depositing liquidity. And don't say, hurr durr the masternodes will host it. Host it how? I'm even watching the discord. There has been no definitive answer to this... You can't just give the XSN masternode 500k worth of a token, it doesn't work like that.

This project will get no adoption from anyone new, because the token would have to get listed on another exchange, on which you guys tap into. It's so stupid. Fair enough you'll get some volume when Monero get's lightning enabled in few years. And I'm sure BTC/LINK will probably net a few mil in daily volume. But this isn't going to become the defacto dex and take away uniswaps place.

The videos of this liquidity pulling are from livecoin/binance. Where's the videos of it pulling liquidity from Uniswap, or any other smart contract based DEX?

[Anonymous No.21754188]

>>21753567
Major CEXs wont list due to being competition. You can buy on the DEX if you want. Volume is low because most of the supply is already locked up, pic related.

Different government different rules, mine falls under income since it's passive gains. Also this can't be shut down so it doesn't matter what government or regulators say, and since they have no Fiat ramps it should be no problem.

[Anonymous No.21754215]

>>21753865
Sometime the cloud has problems, although rare. If you're still having issue go to the discord and ask in the support chats. They will help you out.

[Anonymous No.21754386]

>>21754081
The aggregator is just bonus liquidity, the DEX still has it's own orderbook and volume is expected to increase over time especially after raiden integration. I think in the future masternodes will be able to list new coins/tokens, it's still not finalized atm. The devs are extremely good at what they do, I have yet to be disappointed.

Pic related is what they did to lightning swap. Now you can do a swap in a few clicks of a button.

New tokens will be fine without CEXs since XSN DEX will be quite big. It will be the first DEX to have both lightning and raiden without KYC. No more having to trust cz and goybase with your funds.

It will take uniswaps place easily because it is off chain. Do you really think people won't switch from uniswap? They already have to pay over $5 for 1 transaction, that is unacceptable.

Also the aggregator can only pull from CEXs/DEXs that support instant settlements.

[Anonymous No.21754641]

>>21754386
The latest comment in the discord regarding new tokens listing on the Staknet DEX was the 'hurrr durr masternode owners will just copy the contract address in' You've got to be beyond mongoloid status if that's what you actually think is going to happen. The dude who asked the question (not me) just didn't reply, clearly just gave up because there's no fucking answer to how a new token will list.

You can't just copy/paste a line of code into your MN VPS and expect it to work. Other nodes have to agree, and that's how your node gets blacklisted. You can't just go fucking around with code like that. The neet masternode holders on here better learn some fucking code, cause sure as shit you're not going to be running an orderbook node with the MNaaS. That'll be reserved for integrity nodes only.

All I need is one succinct answer, and I'll market buy 10 of these shit cunts for shits and giggles. From my view just now, a trading pair works by either, pulling liquidity from a cex (no dex's just now) or by P2P users buying and selling. Again, this is okay for now, as most people have btc/ltc/usdt/link etc etc etc. But how the fuck do you get a new token which your liquidity partners don't have access to.

[Anonymous No.21754753]

The MNaaS is a problem since a bunch of mouthbreathers are now MN operators. Hopefully the plebs will be completely priced out soon enough.

[Anonymous No.21755225]

>>21754641
New token listings is quite far away which is why I said nothing is finalized. They still gotta implement raiden first, once step at a time. Only the devs will be able to give you a proper answer.

I think stakenet has a lot of potential and i believe the devs have the ability to pull off what they want to do (looking at their previous work this seem highly likely). It's ultimately up to you if you want to invest later rather than now. My persona; opinion is that this coin at 50mill MC is still heavily undervalued.


I'm going to sleep now but if you have more questions i'll copy/paste them in a new thread tomorrow (this one will probably die).

[Anonymous No.21755522]

Are the masternode rewards bound to go down as more people get involved/network grows from the 10% it is now to like 5% or is it sustainable at current ROI?

[Anonymous No.21755771]

>>21755522
>Are the masternode rewards bound to go down as more people get involved/network grows from the 10% it is now to like 5% or is it sustainable at current ROI?
It’ll go down somewhat because there will be more masternodes, but bear in mind as trade volume increases that will offset that change.
I’d rather have 1 of 5000 nodes with $200m daily trade volume than be 1 of 2500 with $10m daily trade.
The meme chart that always gets posted here (pic related) assumes 2500 nodes, so if you want to be really conservative just halve any value you see on this chart.
That said, if everybody runs Masternodes it becomes more profitable to do regular staking due to the reward split (45% among normal staking, 45% to nodes), so just keep an eye on the rewards for each.

[Anonymous No.21755892]

>>21754081
you don't need to hold the coin to use the dex. dex fees get paid to hub (eventually Master Node) operators via market buy of xsn.

that's the tokenomics in a nutshell. you don't know what you're talking about.

[Anonymous No.21755902]

>>21755522
Curent ROI from just block rewards is about 14%
Dont know where you are getting those other numbers from.
But since the blocks are fixed, then ofc as more nodes get made, then ROI goes down.
But to make more nodes then now means people have to fomo and then $ price goes up.
So yes you might get less XSN, but more in $.
Then later on you can add trading fees on top.
So there is gonna be plenty of money to be made.
And you won't see that many more nodes on the network then we have now.
Most coins are already locked up and if nodes are sold when we 5x in price, then chances are some one have enough money to buy it all and make his own node is little.
Most likely 5 people will buy those coins and stake them.
So node count goes down = more money to nodes.

[Anonymous No.21756095]

>>21755902
Thanks. Is it better to just run only masternodes for now then swtich to a 50/50 split like their website says later on as the network grows?

Maybe I missed it but how much do they charge you to cloud host a masternode a month?

[Anonymous No.21756125]

>>21755892
You didn't even read my posts. Not once did I talk about owning xsn to use the dex you fucking mongoloid. I asked how does a new token/coin get listed on the fucking dex. The current talk is, hurr durr a token will just buy a node and then list themselves and take the trading fees.

That makes no fucking sense, financially for one, that means the price point of a hub can never be so high that a new token can't afford to be 'listed'... Secondly, it means that only that token receives it's own fees. The point in this is that all MN owners should get a cut of the fees. Not one hub for link taking fees on btc/link trades, one hub for ltc taking ltc/btc trades. That's coming straight from the discord btw. That's actually what they're saying. So how the fuck are you expecting the price of XSN to go anywhere over a couple of dollars. Aint no shit coin going to pay 150000usd to list on some dex. The whole point of uniswap is that you just fucking drop your shit in there for free. This is making no fucking sense.

[Anonymous No.21756546]

>>21756125
Each MN is its own DEX retard so each MN can list whatever it wants. All the MN’s are joined together by the orderbook matching engine. So a MN could hur dur just add a coin, put up the liquidity and it would show up on the orderbook. If projects want to list a token they can buy an MN or negotiate with MN owners to get the best deal.

[Anonymous No.21756767]

you can easy do money with this project... i invested at day1 of the preproject of xsn.. was the best decision i made.. my ROI through staking is actual @ 4 days.. so my investment is paid already a long time a go..
invest in xsn as long term investment and you wont regret it...

[Anonymous No.21756872]

Only managed to get 39k XSN. This thread really makes me want to finish my 3rd masternode at least. Do you guys think 3 MNs will be sufficient to eventually live off passive income?

[Anonymous No.21757079]

>>21756546
>a project could buy a masternode

Well then, the price of one isn't going to be that high in the future is it, the point of dexs as they stand currently is the low barrier to entry. You don't need to pay Binance 100k to list. You just drop your tokens in uniswap and you're already earning from the fees.

>negotiate with the MN owners

Goes back to my original post. The neets on here better learn to code, and probably do it sooner than later. Cause you are not going to be doing this through mnaas. Can't wait to see the discord channel for that. Wtf, you think projects are just gonna come into a channel and ask to get listed? Fuck sake, you've no idea how this is going to play out in the future. It's quite clear everyone here is investing in a roadmap and actually has no idea what is involved in the future.

[Anonymous No.21757232]

>>21757079
If MN price is too high for a project to buy one why can’t they negotiate with MN owners? There is 2500 of them at the minute and each one will be looking for business so it would make pricing competitive so deals would be made. One of them would probably list for free to make money from the trading fees

[Anonymous No.21757321]

>>21756872
Master Nodes will likely not be completely passive. that said, yes, you'll likely be able to live comfortably off node rewards plus dex fees.

>>21756125
they're establishing a dao for governance decisions in Hydra, to make organized decisions like how to integrate other functionalities. new coin pairs could be part of that dao, if it's even a concern - I could see a path where erc tokens get automated listings, but honestly probably a question for the devs regarding how exactly that would happen.

the coin pairs will have to be signaled to the dex in some sense in order to ensure proper functionality - and liquidity will likely have to be provided, either through a cex or directly to the order book in the dex. with that said the proof of concept for erc swaps is in place, and the dex itself supports decentralized order matching so recreating that for other ercs is a trivial matter, not unlike how one would get listed on uniswap. you just signal the contract address by configuration, provide liquidity to the order book, and you're listed.

[Anonymous No.21757424]

>>21756767
>all these ellipses
Fuck, boomers are buying in now. Not selling but that makes meme nervous

[Anonymous No.21757792]

>>21756095
It's 15c a day per Masternode you host on the cloud.
And Masternodes are always more profitable.
Staking is for the peasants ;)

[Anonymous No.21757843]

>>21752366
this has been shilled here relentlessly by me and many others, if they havent bought already they don't deserve it. STOP MAKING THESE THREADS!!!

[Anonymous No.21757878]

>>21757792
The price will go up though when more powerful vps are required to host masternodes

[Anonymous No.21757964]

>>21757878
Of course.
But no one knows the price yet, so not going to make it more complicated for a noob to understand it.
Stage 3 is far away.
By that time he has learned his own way around the project.

[Anonymous No.21758020]

>>21757079
So you've gone from
>look at the code its impossible to code this!
to
>how are token creators ever going to get in contact with MN holders? You're saying if MN holders wanna make deals they have to buy a raspberry pi cuz muh cloud won't work? impossible!

[Anonymous No.21758356]

>>21752366
very epic, would totally buy, but i'm NOT going to sign up to these exchanges >>21752522

[Anonymous No.21758521]

>>21758356
Np, you can buy it on the dex already if u like.

[Anonymous No.21758981]

>>21758020
This is what makes me laugh how the fud has shifted. First it was this tech is impossible, Devs can’t do it. Now that it’s been proven the fud is now yeah but how will they add coins. If the devs have already proved they can build this DEX and Lightning swap tech I’m sure something as trivial as adding new coins isn’t going to be an issue for them is it

[Anonymous No.21759820]

>>21757843

[Anonymous No.21760367]

>>21758521
Really wish they would lift the dex restriction (limiting to 100 XSN buy orders)