StakeNet (XSN)
Market Cap
$6,733,651 USD
Volume (24h)
$1,342,229 USD
Stakenet investment analysis
Stakenet is a service intended to facilitate the storage and staking of various cryptocurrency assets. They will offer investors a multi-currency wallet which can even function without them being online. This adds a huge amount of safety to staking, which is normally done in a hot wallet. Those who utilize the service will also be able to participate in pooled masternodes, so if you can't quite afford one on your own then you can share the burden with other investors and still earn rewards.
In addition to this, they will also be enabling cross chain atomic swaps and even cross chain dapps. Applications on other chains will actually be able to tap into the system to use their solutions for their own purposes. This makes a stakenet investment very interesting in many ways. In addition, they've created an interesting protocol called trustless proof of stake which adds the ability for holders to delegate funds rather than just send them.
It's an interesting idea, and the XSN roadmap has a lot more great ideas where that came from. Instead of trying to compete with every other currency, they're going to bring virtually every blockchain together so they can exist harmoniously, and they're going to make it easier for investors to manage their funds as well.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy Stakenet?
It's possible to buy Stakenet on a handful of exchanges, and there's adequate trading volume here to execute a fast trade. Bitcoin is by far the highest volume trading pair, but there is surprisingly a US Dollar pair in second place if you'd like to use that option. Some other options include Ethereum, Litecoin, and even Doge. Some of these may have less than ideal trading volume than the top choices though so investors should be sure that they are getting a fair price for these assets as lower volume can often skew the price in one direction or the other.
In order to store your coins, you'll need to use the official wallet options. The online wallet which is the important part of this currency has not yet been released. Until then though they have some desktop client style wallets for Windows, Mac, and Linux operating systems. Always be sure to backup your wallet file for safe keeping, and choose a password that you will remember. If you forget your password or you lose your wallet file these funds cannot be returned to you by anyone.
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