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.
I think they could reach $1. in early 2021.
One of the important factors of coins ranking on Coinmarketcap is the number of exchanges that they listed. Stakenet announced that XSN will be listed in a big CEX and some midrange CEX, making it an even more loveable coin, and their ranking would be around 100.
The team is working under the radar so far, and we are hearing good news about Stakenet DEX, which using Lightning Network to make instant trade possible, and once they run the final version of DEX. The interesting thing is that we can trade BTC/USDT pair on a DEX for the first.
Stakenet DEX will be run by +2700 Masternode, which makes it completely decentralized, and no one could shout it down.