Bitfinex Exchange Listing Announcement | Jan 12, 2021
By: Stakenet Team
Tags: Ethereum, Lightning Network, Bitcoin, Cryptocurrency, Xsn New

We are extremely proud to announce that XSN will be listed on Bitfinex , as one of our first Tier 1 exchange listings. You are able to deposit your XSN today, 12 January 2021, and trading will go live on 19 January 2021 at 12:00 UTC.

Our first trading pair on the Bitfinex will be XSN/USD with additional pairs following.

To celebrate our first Tier 1 exchange listing we will be having a daily XSN giveaway along with a Superdraw in the run up to the 19th when trading goes live. Check below for details of how to take part.

About Bitfinex

Bitfinex was founded in 2012 and has always been at the forefront of technological innovation in digital asset trading.

In addition to a suite of advanced trading features and charting tool, Bitfinex provides access to peer-to-peer (P2P) financing, an OTC market and margin trading for a wide selection of digital assets and derivatives trading. Bitfinex’s strategy focuses on delivering the best crypto trading experience for professional traders and liquidity providers around the world through the delivery of cutting-edge technology.

Bitfinex not only allows users to deposit funds using on-chain transactions, they also launched support for the Lightning Network in 2019 which allows users to deposit and withdraw Bitcoin (BTC) using it as well.

About Stakenet

Stakenet has built a true next-generation DEX solving many of the issues that currently plague the DEX industry, such as ever-increasing costs and transaction times. Stakenet has built their DEX from the ground up using time-tested Layer 2 technologies such as the Lightning Network and Connext Network.

Using Stakenet’s technology it’s possible to make a layer 2 instant swap between BTC and USDT, and that’s just the beginning. Their tireless efforts have rendered them irreplaceable for crypto.

Key highlights of Stakenet’s Layer 2 DEX:

It provides instant and virtually feeless cross-chain trading.

Users retain full custody of their funds at all times as they own the private key for their wallet.

Projects and users can run their own hub of the DEX which adds further liquidity to it and can support their chosen currencies.

“Vortex” enables the DEX to share liquidity with other exchanges, both centralized and decentralized.

It is run entirely on their decentralized Masternode network.

The community members who run a master node will earn a share of the fees earned from the DEX.

Layer 2 allows Stakenet DEX users to trade faster, cheaper, and more privately than any other DEX available today. Professional trading tools can also be used on Stakenet DEX opening the door for decentralized high-frequency trading. With Stakenet DEX there are only two “expensive” on-chain transactions. Moving your funds off of their main chain to Layer 2 and moving them back on-chain to their main blockchain. Once off-chain, there are no on-chain/gas fees and transactions are settled instantly making it ideal for high-frequency trading.

With more users going towards Layer 2 solutions, Stakenet is a great choice because of its inevitable connection to all other chains. They’ve ensured their long term survival because of Bitcoin’s lightning network infrastructure. Any other project that implements the lightning network is instantly compatible with Stakenet.

Stakenet utilizes their arbitrage/liquidity mining functionality dubbed “Vortex” by their community which is connected to any Centralized Exchange (CEX) or Decentralized Exchange (DEX) that allows API access. Vortex allows users to trade on the DEX and access the liquidity within the other exchanges order books, such as Binance, by utilizing the instant transactions to complete orders on the opposing exchange with confidence.

Find out more about Stakenet at: https://stakenet.io/

XSN/Bitfinex Giveaways

Each day we will be giving away 500 XSN to the winner randomly selected from the daily giveaway post.

On the 20th we will randomly select a winner from all of the entries over the previous 7 days as the Super Draw winner of 5000 XSN.

How To Take Part

To take part just look out for our daily post on Twitter and Facebook and interact with it. Each interaction is an entry into the daily prize draw.

Twitter — https://twitter.com/XSNofficial

Like, Comment and Retweets are all interactions so you can have 3 possible entries per post.

Facebook — https://www.facebook.com/StakenetOfficial

Like, Comment and Share are all interactions so you can have 3 possible entries per post.

If you do all 3 interaction on both platforms thats 6 entries per day and 6 chances to win.