$XSN It is the native cryptocurrency of Stakenet
and powers its decentralized applications.
What is Stakenet?
Stakenet is a decentralized blockchain with Layer 2 solutions, Stakenet nodes, and dApps, such as a Layer 3 DEX
Cross-chain platform built on top of its own cryptocurrency- $XSN
Individuals can easily operate with any blockchain by using XSN and its dApps
What does that mean?
That means that this team and community has developed a technology where you can operate #L2 via crosschain even with any compatible EVM.
Basically we can operate #Bitcoin natively on its DEX in layer 2 using #Lightning.
This provides us with a freedom and privacy never seen before, apart from a speed and almost zero costs in transaction fees thanks to #Lightning
Can you imagine an interoperable crosschain wallet, that can swap between #Alts and #Bitcoin natively?
That's what is about to come out with the DEX @StakenetDEX
Some interesting stats:
1β£ 2600 MasterNodes approx
2β£ $XSN is a GEM below 17M Mcap
3β£ 121M Circulating supply
4β£ Inflation is 8.67 %
5β£ 10% inflation is for treasury (Under DAO)
6β£ 90% inflation for Masternodes
7β£ No VcΒ΄s
8β£ No private / seed
9β£ No ICO
πCurrently at $0.154
Well as you can see we have some small yearly inflation ratio, but what happen?
When the DEX is online there will be deflationary systems and above 20M daily vol $XSN will be a total deflationary coin.
$XSN is very user-friendly and its network and community looking strong.
ThaΒ΄s why i think it could become the L2 HUB.
Check how easy fast and cheap is to work with 3rd party apps as @LNMarkets a derivative exchange on L2, thanks to invoices.
How easy would it be to have all those dapps connected directly to the wallet?
This is clearly coming, and XSN could be a great network where thousands of decentralized applications come together to create a really decentralized and private great ecosystem thanks to L2.
About 11 or 12 years ago I began to know crypto tech, superficially, because I was studying the financial markets and international index's.
One thing that caught my attention is that the roles were very marked.
Who was a dev, did not "enter" in terms of trading or speculation and who was a trader or investor, did not enter in terms of "code" or development.
The same happened with traditional markets and their investors, the vast majority that I knew, did not mix terrain, and it was very common to hear that crypto was scam ... (that is something common today too) but less
#Crypto#Trading#TIP
I am going to share a pattern with you, it is the most profitable pattern that I have in my strategy record.
I call it (Slow Liquidity Pattern), because it is an initial pattern that you see when assets are listed on exchanges.
It is a very simple pattern and gives several opportunities to enter, it is usually quite similar, although it has variations in time and some shape, but basically it is an initial distribution triangle.
The pattern is this, you have it in countless assets that have just been listed, as is the case of $ HTR in kucoin.
It is a triangle and usually has 3 modules of sections (or some more)