World's First BTC/USDT Trade on a DEX has been Accomplished
February 20, 2021
The development team, X9 Developers and their accomplishment marks the beginning of a new and much improved way of trading cryptocurrencies. The team is behind the first ever Lightning DEX, and are the first to achieve a non-client Lightning Swap from BTC to USDT on a DEX with a CEX-like user interface.
This means that for the first time ever, Bitcoin and Ethereum chains have been officially connected over their respective second layers. Trades can be live monitored on the DEX stat page by clicking here.
For the first time ever, regular users will be able to instantly trade or swap cryptocurrencies with low fees on pairs such as BTC/USDT, ETH/USDT, BTC/ETH, and many, many more, fully decentralized with a pro-trader interface as we know it from the centralized exchange experience, as well as through a Uniswap-style one-click swaps for non-pro traders.
The development team is preparing trading bots to stress test BTC/USDT, which will showcase the DEX's capabilities in handling high tx/sec utilizing the Bitcoin Lightning Network, ETH L2, and the newly added Connext client to compete with centralized exchanges.
Current DEXs vs Stakenet’s Layer 2 DEX
The current DEX landscape looks a bit like 90% ETH-only DEXs, and 10% clunky and non-user friendly DEXs, all of which have a few things in common: They’re slow, they’re expensive, and more often than not, very limited on trading pairs - and until now, no other DEX have featured a BTC/USDT trading pair.
Stakenet DEX utilizes the Lightning Network, which is a Layer-2 protocol built on top of the Bitcoin blockchain with a purpose to upgrade the blockchain infrastructure. Transactions on this network are completely off the chain, recorded at settlement, and the transactions are private, cheap, and occur within milliseconds.
The development of the Stakenet DEX allows the world's first BTC to USDT trade on a DEX and offers immense scalability while providing a win-win solution for blockchain users.
What Does This Mean for the Future of Crypto?
The creation of this highly scalable platform that offers a win-win situation has already set a new standard - a very high standard. With this, traders now have access to a new platform that does not require logins or KYC, one that does not have any limits or insanely high gas fees. Users who hold BTC can swap it for ETH or USDT (all off-chain) bypassing the gas fees, making the Stakenet DEX the first off-chain link for off-chain L2 solutions.
By integrating the Connext Network, users can enjoy the benefit of Stakenet chain-agnostic features, making it a cross-chain architecture for cryptocurrencies that operate on different blockchains. Connext recently released a new protocol called Vector, a cross-chain routing network that can bounce between other L2s, ETH shards, primary blockchains even EVM-compatible chains such as Binance Smart Chain, Ethereum Classic, TOMO Chain, and others.
About Stakenet DEX, X9 Developers, and $XSN
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 masternode 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 or 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 DEX.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.
Echo , a groundbreaking centralized cryptocurrency exchange, has announced that it will officially launch globally on May 15, 2025. The much-expected event is set to be a pivotal occasion for digital asset trading as Echo aims to establish a new industry standard. The community-centric platform promises a seamless user experience, institutional-grade security, and an ecosystem-driven approach. On the same date of the launch, Echo will conduct a public sale of its native ECHO token, with 2% of the total token supply available exclusively through the platform. The proceeds should boost the project’s development following successful early funding rounds that already secured $2.5 million in support from strategic investors. Echo stands out from other centralized crypto exchanges through its ecosystem-focused model. More precisely, it is designed to thrive on users' participation, who, in turn, benefit directly from the platform's growth and activity. The exchange proposes a transparent and intuitive environment for retail and professional traders to navigate safely and efficiently. Sam Dorrer, Chief Executive Officer at Echo, commented on Echo’s community-driven approach: "Our mission is to create a cryptocurrency exchange that truly prioritizes its users. Echo is designed to be more than just a trading platform—it’s a dynamic ecosystem that fosters long-term engagement and participation." Built for Traders by Traders The rapidly evolving digital asset landscape may seem daunting to newcomers. That’s why Echo provides easy navigation features, deep liquidity, and high-speed trade execution to simplify crypto trading for its growing community. Echo does not set entry barriers and accommodates traders of all skills and experience. Beginners can start on EchoX, the platform’s user-friendly centralized exchange. Thanks to the platform's intuitive interface, they can enjoy a smooth initiation to crypto trading. Meanwhile, institutional and seasoned investors can access Echo Pro and its advanced trading tools. The platform's modular design provides real-time analytics, market insights, and strategies to help traders make better-informed decisions. Lastly, Echo charges minimal fees of only 0.1% per transaction, ensuring all casual or high-frequency traders benefit from a competitive fee structure. The ECHO Token The ECHO token is a foundational element of Echo's unique ecosystem. It is designed as a real-yield token on Ethereum and features robust tokenomics, including a fixed total supply of 1 billion tokens. The platform employs a deflationary mechanism for the ECHO token, allocating 10% of the daily revenue from both EchoX and Echo Pro to repurchasing tokens on the open market. It then “burns” the repurchased tokens from circulation to enhance scarcity and potentially ECHO’s value in the long term. ECHO token holders enjoy fee discounts, premium trading tools, and early access to new services. Moreover, they get governance rights. Therefore, they can participate in platform decision-making, such as fund allocation for the Echo Foundation. The latter will be a pool dedicated to funding growth, strategic partnerships, and other governance initiatives. Echo has allocated 2% of the total ECHO token supply for the public sale taking place on May 15, 2025. This controlled release should create scarcity and support upward price momentum while meeting public demand without diluting the token’s overall value. Revenue and Yield Generation Echo Exchange stays true to its community-focused mission by returning some trading fees to ECHO token holders. The platform distributes 50% of the fees generated from EchoX and Echo Pro as stablecoin (USDC) yields. This feature is a fundamental part of the Echo ecosystem, aligning fee generation with user rewards and ensuring the Echo community grows and thrives together with the platform. Security and Compliance Echo employs the industry’s highest security standards, including multi-layered encryption, biometric authentication, robust KYC/AML checks, and institutional-grade wallet infrastructure. These features guarantee maximum protection for Echo users and their assets. Echo operates as a designated business for convertible virtual currency under the Regulatory Framework of the Isle of Man Financial Services Authority. This status enables the platform to provide tax advantages to its EchoElite Traders under the Isle of Man PCC Structure, which means 0% capital gains tax and 0% corporate tax for crypto investments. EchoElite Traders get to keep more of their gains, accelerating the ability to compound their portfolio. The Echo Roadmap The Echo Exchange is set to follow a 3-phase development path plus a series of future integrations: Phase 1 The Launch of EchoX for basic trading and Echo Elite, with the latter providing asset custody under The Isle of Man’s PCC (Protected Cell Companies) structure. The ECHO token public sale takes place on May 15, 2025, simultaneously with the Echo exchange launch. Echo will also launch the Echo Journal to start building helpful content for its community. Phase 2 The introduction of Echo Pro for advanced trading with cutting-edge tools, such as enhanced liquidity and professional-grade functionalities. This phase will also see the expansion of yield generation models, the integration of trading bots, and additional digital asset services. Phase 3 Echo will expand into Real World Assets (RWAs) trading, leveraging tokenization to unlock traditional asset classes. At this stage, the platform will reach full integration of advanced protocols (e.g., peer-to-contract) to enhance collateralized borrowing and lending capabilities. Other planned features and integrations include: Neobank Rails will enable seamless fiat-to-token conversions with integrated banking services. Fractionalized Assets & Multi-Class Asset Choices, such as tokenizing commodities, stocks, and real estate. Collateralized and decentralized lending and borrowing capabilities through the platform’s peer-to-contract protocol. Offshore & Digitized Trust Structures will expand custody solutions via the Echo Elite framework. An Integrated Launchpad supports onboarding promising new projects to further diversify and strengthen the Echo ecosystem. About Echo Echo operates as a Virtual Asset Service Provider (VASP) for custody and exchange under the Regulatory Framework of the Isle of Man Financial Services Authority. The platform aims to reshape the crypto trading landscape through a user-driven digital asset ecosystem. Echo’s long-term goal is to establish itself as a leader in digital asset management at the intersection of traditional finance and the emerging blockchain-based economy. Echo aims to deliver a community-first trading experience that includes traders of all levels. The platform seeks to empower its members through a robust fee-sharing model, advanced financial tools, daily rewards for token holders, and maximum security for their assets. The ECHO token public sale will occur on May 15, 2025, exclusively on Echo's official platform. The organizers urge interested participants to register in advance via the Echo’s website . Since the sale follows the “first-come, first-served” rule, early registration allows investors to purchase ECHO tokens before they sell out. Those who miss out may have to resort to secondary markets, where prices will vary. For ongoing updates and community engagement, follow Echo on X (formerly Twitter) , Discord , and Telegram .
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AW8 , one of the leading online casinos in Singapore, proudly announces the launch of AW8 Pro — its most significant platform upgrade to date. This milestone marks a new era of gaming excellence, offering an expanded game library, enhanced rewards, and a seamless user experience. Since its founding in 2019, AW8 has rapidly grown to over 300,000 active players by 2025, solidifying its position as a leader in the online gaming industry. Exceed 1,000 New Games AW8 Pro has a comprehensive suite of new features that will delight loyal AW8 players and new users. The upgrade includes over 1,000 new games, expanding the already rich selection of slots and live casino games at AW8. Moreover, it includes games from trending and high-quality providers, thus enhancing the overall gaming experience. Enhance Game’s RTP Another essential upgrade is the enhanced game RTP (Return to Player) rates, now as high as 99.8%. This improvement offers players significantly better winning odds while reinforcing AW8’s commitment to transparency, fairness, and a secure gaming environment for all users. Increase Daily Rebate In addition, AW8 Pro introduces an upgraded daily rebate system, offering players up to 3% rebate automatically credited to their accounts. This enhanced feature is designed to reward players consistently, regardless of the game outcome. By putting value back into the hands of its users, AW8 reinforces its player-first approach—ensuring that every bet, win or lose, contributes to even greater long-term rewards. Upgrade VIP Program AW8 is renowned for its extensive care and appreciation of loyal users. It is an integral part of the latest AW8 Pro update through an enhanced VIP Program. More precisely, the VIP Program has been extended to include 12 levels with numerous incremental perks for those climbing the VIP ladder. For instance, the platform rewards players with an exclusive VIP Upgrade Bonus of up to SGD 5,888. Furthermore, AW8 has lowered the thresholds to enable easier access to VIP benefits. New UI/UX An improved UI/UX gives AW8 a sleek, modern design for smoother gameplay that is designed to elevate the overall user experience. The AW8 Pro upgrade also delivers faster, more intuitive navigation that will help new users find their way across the platform without any hassle. Additionally, the enhanced transaction system offers faster, more secure deposits and withdrawals, ensuring a streamlined and hassle-free gaming experience from start to finish. Overall, the AW8 Pro upgrade provides an enhanced user experience with more rewards and entertainment for new and seasoned AW8 users. The platform now ensures smoother gameplay across all devices. Users can easily switch between desktop and mobile without missing any fun. The upgrade also makes it easier for loyal members to progress and earn, thanks to the lower thresholds in the VIP program. About AW8 AW8 is a modern, all-inclusive online gaming and betting center based in Singapore. The platform has a rapidly growing user base that is attracted by the casino's player-centric approach, large selection of games, and enticing VIP program. AW8 Pro is the casino's most recent and significant update, aiming to set a new standard in the online gaming industry. The upgrades reflect the platform's inclusive mission by catering to seasoned players and newcomers. The update has improved all aspects of the AW8 casino, building towards a uniquely rewarding gaming experience. AW8 Pro is now live for anyone ready to experience the future of online casinos in Singapore.
DeflationCoin formally launched a groundbreaking cryptocurrency with the purpose of fixing the economic and technological shortcomings of Bitcoin and Ethereum. The team is introducing a hard cap on the total supply with algorithmic deflation, smart staking, and more features. From this point of view, the DeflationCoin team built this project to propose the first crisis-resilient digital asset — able to endure financial turbulence, political disruption, and systemic debt risks. In essence, DeflationCoin introduces a whole new economic paradigm: the Minus Layer-1 (-L1) blockchain. DeflationCoin's platform innovates well beyond the sphere of the blockchain; it addresses global issues such as inflation and devalued currencies. Supported by a tongue-in-cheek developer with the nickname "Father of Satoshi Nakamoto," DeflationCoin has high ambitions. This project is making a serious real-world economic proposal with revolutionary systemic architecture. Fixing Bitcoin: A Deflationary Vision Fundamentally, DeflationCoin introduces a whole different economic model: the Minus Layer-1 (-L1) blockchain. DeflationCoin comes with a total cap of just 20,999,999 tokens and no future issuance, it guarantees zero inflation. In addition to limiting inflation, there's also deflation. This is a mechanism that increases the value of money by reducing its supply, unlike inflation which does the opposite. DeflationCoin’s team points out that Bitcoin’s halving only slows down the issuance rate but doesn’t reduce the number of coins in circulation. It has decelerating inflation (or “disinflation”), which is different from deflation. DeflationCoin features an innovative mechanism called “Deflationary Halving.” Unstaked coins are burned daily, with the burn rate doubling each day. The only way to preserve assets is to move them into smart staking. Here, coins are protected and generate yield from actual ecosystem revenues (and not inflationary minting, like in Ethereum and Solana). Smart Staking: No More Emotional Selling DeflationCoin's smart staking isn't a lock-and-earn system; it's a behavior filter. Users stake coins for 1-12 years and remove the likelihood of selling on a whim. Staking long-term boosts staking multipliers and grants voting rights in governance decisions. Unlike inflationary staking, rewards in DeflationCoin stem from real revenue. Its economy includes zero-fee exchanges, learning-based gambling components, meme-token trading pits, and more. This whole design feeds profits into a buyback and redistribution system. These smart dividends are paid on a monthly basis to long-term staked coins, not through the minting of new coins. The longer the lock-up, the bigger the reward multiplier. No Correlation to Bitcoin Traditional cryptocurrencies collapse in unison during bear markets. DeflationCoin is built to resist that. Its systems—including smooth unlocking and automatic buybacks of tokens during market downturns—help maintain price stability and preserve value. More details on this matter are available on DeflationCoin’s website and on its whitepaper . A Better Economic Model DeflationCoin openly criticizes inflation-prone models such as Solana and Ethereum. These coins have unlimited issue or inflationary staking. As the team puts it, even cryptocurrencies with capped supply, such as Bitcoin, suffer from economic issues, such as the fact that they lack an actual ecosystem. Instead, DeflationCoin reverses this reasoning with: Deflationary Halving: In contrast with Bitcoin’s halving of inflation, DeflationCoin’s burn mechanism literally reduces circulating supply daily. Smart Fees : The project’s fees include built-in affiliate marketing. This cryptocurrency aims to grow as fast as top exchanges thanks to this integrated referral system. No Mining: Direct investment of capital into expanding the ecosystem instead of computation-intensive mining. An Ecosystem Built around the End-User: DeflationCoin intends to focus on mass-market products that people can purchase, giving real utility to the user. A Digital State The long-term vision is bold: a deflationary online state with diversified revenue streams, integrated meme culture, and democratic governance via Proof of Deflation (PoD). PoD introduces merit-based proposals, voting weight based on staking duration, and a founder veto for strategic alignment. Every part of the project—from games to dating apps to trading platforms—feeds the economic engine that supports DeflationCoin. Profits are used to buy back tokens, half of which are burned, and the rest are distributed to loyal stakers. About DeflationCoin DeflationCoin is the world’s first cryptocurrency built on real deflationary economics, featuring mechanisms that protect against panic selling and price crashes — enhanced by next-generation meme marketing. Here are the project’s key takeaways: A hard-capped supply of 20,999,999 coins Daily smart-burning of idle coins Smart staking with 1–12 year lockups Smart dividends paid from ecosystem revenues Deflationary halving system Zero mining, zero inflation A growing ecosystem of real products The project comes from the humorous but mysterious "Father of Satoshi Nakamoto" and has a fully KYC-verified team. DeflationCoin sets out to challenge Bitcoin’s dominance with superior tokenomics and real-world relevance. Anyone wishing to know even more about DeflationCoin can visit the project’s website , read its extensive whitepaper , and check out its presentation video . The social media pages below are a very good way to keep in touch with this ambitious team. X (Twitter) | Telegram | LinkedIn | YouTube
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