English name of Token: Stakenet
Ticker of Token: XSN
Description of the project:
Stakenet (XSN) is a platform building a trustless interchain economy using a Proof of Stake blockchain, with Lightning Network, Masternodes, and dApps - such as a Lightning DEX.
Stakenet’s use case is to provide a highly secure cross-chain platform for cryptocurrencies, where individuals can easily operate with any blockchain simply by using XSN, as it is connected to others through the Lightning Network; while also allowing the ability to build code-agnostic dApps on top of it (like our Lightning DEX). All of which will be powered by XSN Masternodes, who earn and collect fees for the services they provide.
One of the biggest differences between XSN and most other cryptocurrencies is that we don't want to impose a new standard, but rather adhere to the existing Bitcoin-Lightning Network (BTC/LN) protocol, which is the present and future of crypto. Because of this, people will always be familiar and ready to use our apps - leading to unparalleled growth and adoption of our tech. With every progress or breakthrough BTC/LN makes, it will in turn benefit XSN. The advantage this provides over others is truly massive: we don't have to hope that our solutions become mainstream, as they will always be alongside both Bitcoin and the Lightning Network.
Total available supply：83,598,605 XSN
Tokens in circulation: 79,888,236 XSN
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.