Some cryptocurrencies have performed very well and effectively against all odds while some find it difficult to live up to the vision and goals written in their Whitepaper. It is paramount to note that for now, no coin can rival with Bitcoin’s pace. Unless we have an alien coin to change the story.
The very essence of investing in cryptocurrencies is to make profit. And to make a substantial profit in crypto you must have done research in understanding the best coin to buy. Just like the internet is not controlled by a single entity, it can be somewhat difficult to determine or predict the ‘exact time’ where the ‘price’ of any coin will be at any time. Well, you can get amazing predictions from the guys at Endor as this will help in making the right decision.
Aside from making the profit in cryptocurrency, security is very essential. You cannot dive into any coin without understanding the underlying technology of how this coin works. Is it trustless, secure and fast? Does the team have a fundamental goal? Are they growing? Is the vision clear? etc. Doing your own research will help in determining the best coin to invest in.
A coin that has promised a decentralised, fast, low fee transactions in a timely manner is Stakenet (XSN). The Stakenet.io Platform which is the consumer-facing interface will be launched in the second quarter of the year 2018, precisely late June. According to the team, they are trying to create the World’s first crypto decentralised bank by providing secure and light speed network completely built on a Stakenet blockchain technology.
More information on the coin can be found on the information website or the Stakenet platform website.
What is Stakenet ($XSN)
Stakenet is the new generation of coin staking that aims to provide a secure and a profitable investment platform. It is a State-of-the-art cryptocurrency staking that allows for the use of a multicurrency wallet.
XSN possesses a unique feature, Trustless Proof of Stake (TPoS). TPoS provides a secure wallet for users. It allows users to securely stake their XSN coins offline, thereby generating profits in return. What this means is that when XSN coins are kept in cold wallet storage, like using ledger hardware wallets, owners of the XSN coin will be capable of staking these coins by reaching an agreement with a merchant and when the agreement is reached, the merchant can now stake the owner's coins without full control over the coins.
Features such as Multicurrency wallet, staking as a service, TPoS Marketplace, Masternodes as a service, Atomic Swaps Services and Pooled Masternodes are explained in detail in the Whitepaper.
The price currently trading below $1.00 USD. I expect this to spike before, during or after the launch of the Stakenet.io platform. But hey, Bitcoin was once at this price. If I were you I will buy and HODL. However Ninjas, this is not a financial advice and it is important to note that you are investing at your own risk. Trade with caution!
Why Stakenet ($XSN)?
XSN is providing a decentralised exchange that will be operated by masternodes. With this, no third party can shut down the network.
Multicurrency wallet that allows seamless earning of rewards from a single location
Ability to earn more via various XSN Masternodes sources of income.
They have a good social media presence and the community is growing on a daily basis. Just recently, Stakenet announced that Frank Amato, Block5.io Co-founder and former Exe. Director for JPMorgan has joined the Stakenet team as an Advisor towards the launching of Stakenet platform.
The team is focused and are always working in accordance with their roadmap. A concise roadmap is available here.
I personally think having strong control over your coins is one key feature that is lacking in Cryptocurrency. If Stakenet.io launching goes as planned, it will definitely be exciting to have the first crypto decentralized bank.
Don’t always forget to holla at Ninja Discord anytime to talk about cryptocurrency. You can as well check out our exclusive Ninja coin giveaways and Trading View analysis. BRB Ninjas!
Julzin "Sensei" - Altcoin Ninjas