FAQ

How much XSN is required for a Masternode?

15,000 XSN.

What is the swap rate?

1:1

Where is the swap and when does the swap end?

The swap ends May 1st on xsncoin.io. The POSW to XSN swap started on Livecoin and will complete via xsncoin.io. After swapping, Livecoin burns POSW to a burn address (txids exported here).

Where’s the Github?

https://github.com/X9Developers/XSN/releases

How much will dividends be after the swap to XSN?

Dividends will be replaced with RSB (Revolving Stake Bonus). Check out this article for more info.

Is there going to be a bounty list?

Yes, we have a confirmed list of bounties with a specified budget to be released very soon!

Where can I buy XSN?

Livecoin

Can I run more than 1 Masternode on a computer?

We are implementing IP security protocol, so each TPoS contract and Masternode needs 1 static IP address each - to prevent centralization. In order to run more than one, you can purchase a VPS through our partner - Evolution-host.com. Evolution host has added POSW (and XSN post swap) to its accepted forms of payment. When paying with POSW/XSN, use promo code 'XSN' for a 15% discount!

The faucets are gone, will they be added back?

At the moment, we aren't planning on adding faucets back into the page, but it's a possibility in the future.

Can I stake my coins on the Ledger Nano S?

Coins on the ledger wallet do not stake, in the future you will be able to through TPoS (on the roadmap).

Will you be adding the ability to stake other coins back onto stakenet.io?

This is on our roadmap; however, we will likely not entertain the addition of coins below a certain 'popularity'.

Will other coins begin to use trustless staking as well?

We definitely see other coins using this feature, as it is revolutionary within crypto. However, if coins choose to do this they will have to fork off from our chain.

What is the purpose of adding anonymity (stealth mode) feature? Is XSN going to enter the black market?

With the block chain being transparent and public by nature, authoritative figures, companies, and governments will eventually develop algorithms and means to analyze this data and develop profiles on users without them knowing. We see privacy playing a large factor in the future and want to make sure our users have the option to protect this privacy if they choose.

When you finish the new coin developments, will it be available in Ledger Nano S?

We are currently working with the Ledger team and have already sent them the codebase for review.

What sort of community involvement would the team like to see to help with marketing and adoption of XSN?

Besides the bounties, it will be very important for the community to reach out to merchants to accept XSN as payment. Building a strong merchant platform will propel XSN forward faster than anything else!

Are there plans for a mobile wallet?

Once the desktop wallets are complete, we will focus on branching out to other potential platforms.

What separates XSN from all the other coins to make this investment someone’s best option?

TPoS will gain attention from communities to convert their online holdings to XSN as they will be able to stake without making their assets “hot” and susceptible to hackings. We are also exploring an option for users to receive their interest gained in other forms of currency, while their main source of wealth stays safe and secure.

Since TPoS is an innovative way of “No need to trust”, do you think it will have use case in other industries/markets/businesses besides crypto market?

The technology we are implementing can be applied and disrupt a broad range of industries. TPoS essentially allows differing degrees of access to a given asset. In our case the owner of XSN will be able to allow 3rd parties to perform actions with their coins (staking) however they will be limited to this designated action and nothing else. This could apply to everything from the sharing economy to general security. If someone wants to rent an apartment the owner can allow the customer access into their front door but deny access to their bedroom door, allow access to drive a car but limit access to open the hood and tinker with the engine etc.

Where does the XSN itself derive value? Why is it necessary?

XSN originally addresses the issue of staking for nontechnical people with stakenet.io and accepting term deposits, membership, and selling other merchandise to support dividends to XSN holders. Stakenet, a new rebrand which focuses on technology improvements on the blockchain level, aims to improve the coin by introducing TPoS, which enables cold wallet staking, lightning network term deposits, and cross chain pos.

These tech improvements really push the boundaries of tech so that XSN will keep up with other coins technological improvements. Therefore, XSN will always stay relevant and be a storage of value.

What’s the block reward?

The block reward in the first month will be 50 XSN, then reduced each month after by 5 XSN until it reaches its base level of 5 XSN each block.

What is the block size for XSN?

2MB.

What's the block time for XSN?

60 seconds

What’s the point of being a merchant? What does a merchant get out of TPoS?

It's beneficial to the owner because they don't have to leave their computer on 24/7 to stake their coins. It's beneficial for the merchant to have TPoS since they will be earning a commission for the TPoS contract.

What's going to happen to people holding coins on cryptopia, ledger, and the posw website? Will their coins be swapped as well?

If they don’t get swapped by May 1st on xsncoin.io, they will be effectively burned.

Is there a dedicated development fund to keep the project motivating?

We have implemented a treasury feature similar to PIVX where a 10% of the block rewards go into a fund that is used to pay for development.

There are several addresses that store funds for larger projects (for example: partnerships, competitions, long term marketing, key developments) as well:

XsXUrym97kYmgYS6dZinKy9aPBJtKjsW9s
XgHb8RcxKEVpLpGCGSfr7PBhaeyXESPohD
XdohZJJNjt58Q8bVYKniE9JqNmj5ZfviEK
XvTtMhf4BTamY1rYTYmpUABMpe3AhdzcAW
Xot47MBm9nn17dGNjPTvANVL51ckg4acrJ
7aDP2dDUBgt6cQWvwjXKraShneTfRNZHsm
7ezUJ5WGqxDJmDSU2Qjbd49XvNurMExCRz
7UH6TStnJxJTJSGkn58g9TwapowCwbrrNr
7WLZ92VMaVPV2CFATK3fFyDzwY2vrFuKGA
7YaJ7nZnXPnZc21ER4hF74jN6dm67ELhnT

In general, we attempt to use the treasury to cover any expenses before tapping into the long term development address funds. We will keep this list updated as addresses split and/or are moved for security reasons.

What is Trustless staking?

Trustless PoS essentially allows users to own a stake in XSN, and have merchants do the staking for them using their high-bandwidth continuous connectivity (to ensure maximal rewards distribution) while not having to share any spendable balance or private keys with the merchant. Your funds are yours and yours alone, and will safely and securely grow over time even while you sleep.

How does Trustless staking work?

Trustless staking works with something called Triplet-based encryption. The basis behind this is that instead of just the private and public keys, we have introduced a third key the shared key. This allows the owner of XSN to communicate with the merchant, and have their coins stake on the network without the owner having access to their funds.

Are there more use cases for trustless staking?

Absolutely! It also has other, tangible uses in the crypto space as well. Considering we have likely only scratched the surface of TPoS capability and use, it is very likely that some pretty special ideas will be generated in the near future.

Will the exchange be making a comeback?

No. At this point of time there are no plans to start it up again. Our focus is on the XSN platform.

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