Post
Topic
Board Speculation (Altcoins)
Re: Stakenet - Next short term 10x - Here's why.
by
Marckolind
on 25/02/2020, 20:00:23 UTC
I think that the creation of DEX will not help to make the price grow 10x. This is not the time for DEXs yet. Unfortunately, but people still do not understand the advantage of DEXs. I think that it takes 2-3 years to become more popular and then it will matter.

I agree. The market is too small and too saturated by centralized exchanges. If their whole marketing plan relies on the popularization of their DEX it will fail.

For Dex to succeed and overtake the centralized exchanges there would have to be a big disaster that would scare people and make them withdraw from CEX and move to DEX. A ban on CEX that would make DEX trading the only way to exchange could work. Without it CEX will continue to dominate.

The DEX itself is a part of their Multi Currency Wallet with inbuilt Lightning swaps as well (Another world's first).
The DEX itself will combine DEX order books from all the existent DEX's out there, meaning it will benefit the whole DEX eco-system out there. All the fee's associated with trading, will be used to buy-back XSN on the open market, and distribute it to the node owners.

Stakenet is WAY MORE than "Just a DEX", they invented cold staking. Will build their own hardware wallet, oracle network, and much much more. Do some actual research on this one, seriously.

I'm well diversified in a lot of small cap alt's, this one being one of them rarely mentioned here, which is a god damn shame to be honest.