Community #AMA session on Twitter with @XSNofficial #Stakenet #XSN
Let's start sharing the official media and some Introduction about Stakenet
Website: stakenet.io
Twitter: twitter.com/XSNofficial
Medium: medium.com/stakenet
Discord: discord.gg/HvTqyumHKn
Let's start sharing the official media and some Introduction about Stakenet
Website: stakenet.io
Twitter: twitter.com/XSNofficial
Medium: medium.com/stakenet
Discord: discord.gg/HvTqyumHKn
▶️INTRO
#Stakenet is combining Layer 2 protocols (#Bitcoin #Lightning Network and @ConnextNetwork #Connext, interoperability protocol of L2 #Ethereum #ETH) to allow practically instant, feeless #CROSSCHAIN swaps backed by the Stakenet #blockchain and powered by its nodes.
#Stakenet is combining Layer 2 protocols (#Bitcoin #Lightning Network and @ConnextNetwork #Connext, interoperability protocol of L2 #Ethereum #ETH) to allow practically instant, feeless #CROSSCHAIN swaps backed by the Stakenet #blockchain and powered by its nodes.
Furthermore, they are focused on enabling connectivity between #Lightning Network, #Masternode networks, and decentralized applications (#dApps).
This video intro can be useful to bring it closer to you.
What is Stakenet?
To get a deeper view, I invite you to visit the official channels, and participate in the discord community.
What is Stakenet?
To get a deeper view, I invite you to visit the official channels, and participate in the discord community.
Let´s start the #AMA
During the last weeks the community has been sharing questions, with the aim of clearing all the doubts in this thread, we have selected 50 questions, which we understand will cover all the main doubts.
#Stakenet #AMA Thread 🧵 50 Q
During the last weeks the community has been sharing questions, with the aim of clearing all the doubts in this thread, we have selected 50 questions, which we understand will cover all the main doubts.
#Stakenet #AMA Thread 🧵 50 Q
Q1⃣
How will you solve the liquidity problem? Will the necessary liquidity be provided at the first launch?
How will you solve the liquidity problem? Will the necessary liquidity be provided at the first launch?
Q3⃣
What is the plan for adding new coins, especially #ERC20 ? Is it complicated, and how fast can it be done?
What is the plan for adding new coins, especially #ERC20 ? Is it complicated, and how fast can it be done?
Q4⃣
How that 10% of fees is going to be used exactly? It was supposed to be #coinburn, but plans are changing afaik. Is it decided yet, or still an open question?
How that 10% of fees is going to be used exactly? It was supposed to be #coinburn, but plans are changing afaik. Is it decided yet, or still an open question?
Q7⃣
What all pairs will be available upon the December 10th (soft) launch? What pairs are the highest priority following the launch, to be added at a later date?
What all pairs will be available upon the December 10th (soft) launch? What pairs are the highest priority following the launch, to be added at a later date?
Q8⃣
Will everyone be able to add liquidity upon the December 10th launch, or only closed beta testers? Do we know what APY will look like? Will there be time lock functions that increase returns, sort of how COMFY is planning?
Will everyone be able to add liquidity upon the December 10th launch, or only closed beta testers? Do we know what APY will look like? Will there be time lock functions that increase returns, sort of how COMFY is planning?
Q9⃣
Is the #Stakenet #DEX at the release only running on one server? Is it very complicated to run it on the #Masternodes ? Are there some expectations (some months, years..) for entering the hydra stage
Is the #Stakenet #DEX at the release only running on one server? Is it very complicated to run it on the #Masternodes ? Are there some expectations (some months, years..) for entering the hydra stage
Q1⃣2⃣
Does the team work in the background for partnerships? And is there any partnership that has been kept secret until this stage?
Does the team work in the background for partnerships? And is there any partnership that has been kept secret until this stage?
Q1⃣3⃣
Will you be partnering with any of the fiat ramps, considering how they are regulatory compliant, thus in opposition to Staknet’s fully decentralized principle? Will there be an option of a fiat ramp?
Will you be partnering with any of the fiat ramps, considering how they are regulatory compliant, thus in opposition to Staknet’s fully decentralized principle? Will there be an option of a fiat ramp?
Q1⃣4⃣
With Hydra, are there any plans/possibilities to change the current tokenomics model, for example via vote?
With Hydra, are there any plans/possibilities to change the current tokenomics model, for example via vote?
Q1⃣5⃣
I saw the BNB logo in the new welcome screen UI, will that be the next chain to be integrated? When LINK pair?
I saw the BNB logo in the new welcome screen UI, will that be the next chain to be integrated? When LINK pair?
Q1⃣7⃣
How much of D is the DEX in the beginning, which means specifically, how many VPS are used to keep it running, and what will be the exact steps until full decentralization?
How much of D is the DEX in the beginning, which means specifically, how many VPS are used to keep it running, and what will be the exact steps until full decentralization?
Q1⃣8⃣
Starting the DEX without being fully decentralized, leaves me under the impression that the core developer team coming into the fireline of SEC and the likes are a major risk factor the first time after the initial launch. How is this risk being perceived by the team?
Starting the DEX without being fully decentralized, leaves me under the impression that the core developer team coming into the fireline of SEC and the likes are a major risk factor the first time after the initial launch. How is this risk being perceived by the team?
Q1⃣9⃣
What other major risks for the project (apart from a deadly car accident), that investors should know about? Since we are quite active and in terms of the crypto well-educated community (thx, I learned a lot!): How could the community support the project even better?
What other major risks for the project (apart from a deadly car accident), that investors should know about? Since we are quite active and in terms of the crypto well-educated community (thx, I learned a lot!): How could the community support the project even better?
Q2⃣0⃣
Another one Layer Zero is currently making headway into the multichain-liquidity complex, financed by big players, CEXes, etc. Are there any ideas and/or plans to use this protocol or one of several similar developments?
Another one Layer Zero is currently making headway into the multichain-liquidity complex, financed by big players, CEXes, etc. Are there any ideas and/or plans to use this protocol or one of several similar developments?
Q2⃣1⃣
In the future. Is x9 looking to expand its task force? If so, what areas are the team looking to strengthen?
In the future. Is x9 looking to expand its task force? If so, what areas are the team looking to strengthen?
Q2⃣2⃣
CEX’s require lots of maintenance. ex. If a listed coin updates its protocol the CEX needs to update said pair. Does the dex have the same workload, and how does the team plan to approach this when scaling the dex?
CEX’s require lots of maintenance. ex. If a listed coin updates its protocol the CEX needs to update said pair. Does the dex have the same workload, and how does the team plan to approach this when scaling the dex?
Q2⃣4⃣
How long until the X9 team reaches the point where the network and its development are out of centralized control?
How long until the X9 team reaches the point where the network and its development are out of centralized control?
Q2⃣5⃣
How long until the X9 team reaches the point where the network and its development are out of centralized control?
How long until the X9 team reaches the point where the network and its development are out of centralized control?
Q2⃣6⃣
What is the estimated release of the web DEX? When will other lightning protocols like Litecoin be publicly available? Is there a roadmap for privacy coins such as #Monero #XMR?
What is the estimated release of the web DEX? When will other lightning protocols like Litecoin be publicly available? Is there a roadmap for privacy coins such as #Monero #XMR?
Q2⃣7⃣
Will there be single-asset liquidity providing for the DEX? Ideally, I’d like to see a feature where I can just plug in a Stablecoin and get good rewards for that.
Will there be single-asset liquidity providing for the DEX? Ideally, I’d like to see a feature where I can just plug in a Stablecoin and get good rewards for that.
Q2⃣8⃣
I’m not sure if I remember the costs for HUBs being mentioned. Do we know how much those will be? Will we be sticking with past reports for returns on hosting them?
I’m not sure if I remember the costs for HUBs being mentioned. Do we know how much those will be? Will we be sticking with past reports for returns on hosting them?
Q2⃣9⃣
Will there be a cloud hosting service when it comes to HUBs?
Will there be a cloud hosting service when it comes to HUBs?
Q3⃣1⃣
Currently, as far as I can tell, hosting the DEX on masternodes is an option for the #masternode holder. Is this expected to change in the future? If futures trading was to be implemented, can we expect a similar option to host the DEX without hosting futures?
Currently, as far as I can tell, hosting the DEX on masternodes is an option for the #masternode holder. Is this expected to change in the future? If futures trading was to be implemented, can we expect a similar option to host the DEX without hosting futures?
Q3⃣2⃣
How will CcPoS work with XSN being on the ETH network? Is staking in L2 possible/planned in the future?
How will CcPoS work with XSN being on the ETH network? Is staking in L2 possible/planned in the future?
Q3⃣3⃣
About the Stakenet DEX: Browser-node extension….is Stakenet going to have its own or use #Metamask to accomplish this?
About the Stakenet DEX: Browser-node extension….is Stakenet going to have its own or use #Metamask to accomplish this?
Q3⃣4⃣
Are there going to be any changes in how masternodes are operated and managed after the chain swap? What with the core wallet caching/display issues and fiddling with files, the process could use some streamlining.
Are there going to be any changes in how masternodes are operated and managed after the chain swap? What with the core wallet caching/display issues and fiddling with files, the process could use some streamlining.
Q3⃣5⃣
Is there any estimate on how long TPoS will remain? there were some discussions about it being discontinued.
Is there any estimate on how long TPoS will remain? there were some discussions about it being discontinued.
Q3⃣6⃣
Will there be centralized documentation in place and a cleanup project for all the “outdated” documentation floating around?
Will there be centralized documentation in place and a cleanup project for all the “outdated” documentation floating around?
Q3⃣7⃣
Will #lightning tokens/assets like with #RGB from @lnp_bp be tradeable on the DEX and if yes how long will it take until this is possible/what obstacles need to overcome this?
Will #lightning tokens/assets like with #RGB from @lnp_bp be tradeable on the DEX and if yes how long will it take until this is possible/what obstacles need to overcome this?
Q3⃣8⃣
Will hydra being an EVM have gas issues like eth once it gains popularity or will hydra smart chain only host the dex?
Will hydra being an EVM have gas issues like eth once it gains popularity or will hydra smart chain only host the dex?
Q4⃣0⃣
How does the team feel. Some testimonials could be interesting. After all, some have been working for years. Do they feel excitement for things to come and how did they experience the journey so far?
How does the team feel. Some testimonials could be interesting. After all, some have been working for years. Do they feel excitement for things to come and how did they experience the journey so far?
Q4⃣2⃣
Will staking be available from the MCLW, or will it still need to be done from Core Wallet? Are there any plans to make staking easier?
Will staking be available from the MCLW, or will it still need to be done from Core Wallet? Are there any plans to make staking easier?
Q4⃣3⃣
What features/development will you focus on after the DEX open beta release?
What features/development will you focus on after the DEX open beta release?
Q4⃣4⃣
Does the development of the (future) web DEX also include the web wallet? Also related: What is your strategy to make interacting with the stakenet ecosystem more accessible?
Does the development of the (future) web DEX also include the web wallet? Also related: What is your strategy to make interacting with the stakenet ecosystem more accessible?
Q4⃣5⃣
How many teams are working in parallel for each of your “in development” features? (Hydra chain, Web UI, mobile UI, MCLW, research, etc.)
How many teams are working in parallel for each of your “in development” features? (Hydra chain, Web UI, mobile UI, MCLW, research, etc.)
Q4⃣6⃣
What have been the biggest bottlenecks to development, up until the DEX open beta release?
What have been the biggest bottlenecks to development, up until the DEX open beta release?
Q4⃣7⃣
Currently, the code is closed-source, will it be open-source in the future?
Currently, the code is closed-source, will it be open-source in the future?
Q4⃣8⃣
More and more games work with crypto, can Stakenet DEX offer an extra value in this?
More and more games work with crypto, can Stakenet DEX offer an extra value in this?
Q4⃣9⃣
QR codes, will this be added in the wallet, or is this already in the wallet?
QR codes, will this be added in the wallet, or is this already in the wallet?
*⃣
Who is the lucky winner who will join the closed beta this weekend?
Who is the lucky winner who will join the closed beta this weekend?
Thanks to all the participants, thanks to @XSNofficial TEAM and @JoPark2018, and special thanks to all the #XSN community supporting this initiative and pushing the project day by day.
Let´s keep building such amazing #crypto Community
#XSNTranscendece 🤜🤛💙
Let´s keep building such amazing #crypto Community
#XSNTranscendece 🤜🤛💙
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