/biz/ - Business & Finance

thats a really good question my good sir, its probably because its an idea worth copying we're just a little slow to get started because the team are lazy fucking assholes :)

if this coin is so shitty and destined to fail why has there been so many forks and copies?

bstatera - rug

ad*n*** token - shitcoin failure to launch, based on old failing phoenix model - pump and dump already dead

>axia - pump and dump, already dead

>statera diamond - rug

>xstatera - rug

>xmm - dead

>stonks - dead

>statera gold - dead rug

and im sure a few more ive forgotten about

>>25672779
Now we can talk about STA’s utility: why would people demand STA? What does it do?

Balancer gives a return of 1% of total transactions volume that happened from all the rebalancing. Remember, rebalancing does not only happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price (which by the way means more STA is burnt). That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:

Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return as scam because they are high, but they are not a scam but actually STA’s genius.

A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.

The Balancer also balances liquidity / fee income demand: if liquidity provider believe they can get higher interest in other defi, they will remove their liquidity from Balancer. But then this leads to an increased fee income to those who have not removed their liquidity (MINDFUCK). Keep in mind all this burns STA as well.

Now add to the above all the demand action from wanting to buy and hold or buy and trade.

Whether you think it has value or not, no one can stop it. People will want to earn high interest income. Balancer will keep balancing. Statera will keep burning.

where are all the ausfaglians at

>>23962966

>>23796621
kek
I don't want a meme to be baseless.
Does not make OP any less based or autistic.
I love the man.

>>23700977
the news thats gonna pump sta has yet to drop, and is expected in the near future. i dont want to shit on other projects but what does pnk have in the pipeline? a high profile case? lmao. sta is gonna moon before pnk 100%

>avg faceberg post once they do

>>23619218

im getting so impatient i just want the dash+"secret" project so i can be a millionaire already

>>23487535
works for me bro, if the coin is going to do a 10x every 3 months youd have to be braindead not to get on board

>>23426534
no time to explain, get in

by the time you hear its too late, buy shitcoins because once the btc run is over everyone is gonna dump their profits into them - all in statera $1 eoy. ive dumped all my corona cennylink gibs into it i wouldnt lie to a fellow ausfaglian

>>23413126
if you think the team is out to get you and lying directly to your face,why the fuck are you invested? get the fuck out bro before they do something else to financially ruin you, i myself lost 5eth on this shit

9.9/10 threads on the board are about shitcoins, fuck urself

>>23386090
and now its going to 10x again so get back on board faggot

>>23356874
hopefully it was only a bunch of pajeets that got the carpet ride