Noticed this project here, on Reddit, Facebook and through a few Medium articles.
It sure looks promising with a DEX offering instant trading for BTC, LTC, ETH and it's tokens.
I've been trading on Uniswap for a good amount of time, and got the airdrop as well, which was pretty damn cool.
But, it got me wondering. Since trading fees on Stakenet's DEX is shared among node owners, + another part used to buy up and burning XSN from the total supply, you have the best of both worlds:
Deflationary coin, due to coin burn
Incentive to hold onto the coin, as you're rewarded from people using their dApp.
What do you guys think?
If it breaks $1, it's close to a 10x from here, which doesn't seem TOO impossible for a project with these ambitions.
You do not really tell us when you think that could happen and that is a critical information to know if it's possible or not, the market cap and its 24 hour trading volume is kind of low so that is a point in favour of the 10x kind of growth that you are expecting out of this coin, however if you believe this is going to happen during the next months then I'll say that is impossible because people are now concentrated in bitcoin and what it can achieve, however if you give it a time frame of roughly one or two years then such a growth could be possible for this coin.