/biz/ - Business & Finance

>>19667731
So what's the pool? Benefits of adding to it?

Example:
In the beginning, all of the 5 tokens were worth $1000, so the pool size was $5000.

Now, say all other 4 tokens remained at their old value ($1000 / token), but STA did a x10, so STA value in pool is now worth $10,000.

That's much more than 20% of the pool, so the balancer must balance it out.
Note that now the pool size is $10,000 (STA) + $4000 (other 4 tokens) = $14,000.

So, to balance it out, each token should now have value of $14,000 / 5 = $2800.

To reach this goal, the balancer must sell the excess STA, and that would be $10,000 (current worth of STA) - $2800 (the new target worth of STA) = $7200.

The balancer sells the excess on various exchanges to which it has a trading bot interface to. Currently, it's only Uniswap.
Note that by selling, it performs transactions, and thus burns tokens, so the supply also decreases!

So, now that the balancer has sold the excess STA, it obtained $7200 dollars (say, in DAI coins).

Now, to balance out the other 4 tokens, it must buy $7200 / 4 = $1800 worth of each token.

So, it buys $1800 worth of ETH, $1800 worth of LINK, etc.

In the end, it's all balanced at 20% for each token - all 5 tokens are now worth $2800 dollars each!
And the total pool size remained at $14,000 dollars - so no value was lost!
Plus, you also get the trading fees, which are added to the pool!
On top of that, Balancer is now issuing BAL tokens for all liquidity providers!
You can check what it is all about here:
https://defipulse.com/blog/balancer-start-liquidity-mining-and-earn-bal-tokens-today/

That's the magic of the balance pools.

>>19667788
>How do I check TXs?
Statera Token Tracker: https://etherscan.io/token/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1
Uniswap contract: https://etherscan.io/address/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

>Balancer AKA Thanos
https://etherscan.io/address/0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682
https://balancer.finance/whitepaper

>Scott's nerdy ass tryin to educate you stupid fucks
https://medium.com/@stateraproject/statera-an-indexed-deflationary-token-dfb818abd61d

>For all you Github FUDders . Finally, everyone's ears may yet recover from your screeching.
https://github.com/StateraProject

>Live Sta coinstats

https://coinstats.app/en/coins/statera

>TG Channels
Statera
Statera Price Talk (Unofficial)
Statera Announcement

>What do we do when we hit [insert amazing price milestone here]
Once we hit $1, don't dump your bags like retards, slowly shave off a percent or two once a week, and enjoy the accumulation upwards while reaping benefits along the way.

>>19667889
>An updated QRD on Statera and its uses
https://medium.com/@stateraproject/statera-a-breakdown-of-the-ecosystem-6fa99e98caa1

>So, we know you’ve all been patiently waiting for something to come from us. We’ve been working hard over the past few days and we’re really excited to announce that Statera is now trading on Saturn Network, which means you no longer have to worry about slippage and liquidity issues. Currently they are working on getting our official information audited and listed on their exchange, however, you can still trade Statera through this link:

https://www.saturn.network/exchange/ETH/order-book/0xa7de087329bfcda5639247f96140f9dabe3deed1

After much testing and deliberation, we can confirm that BPT is now able to be traded on Uniswap!

What is BPT? BPT is the ticker for Balancer Pool Token, it is your key to the Liquidity Pool. BPT can be removed from the Liquidity Pool at any stage for an equal 20% split of all the five tokens within the Liquidity Pool and is the token we have spoke about in previous Medium articles.

You no longer have to interact with the smart-contract to pool liquidity. To trade BPT on Uniswap, you can either go to our website and click 'Trade' and then 'BPT'; or, you can follow this link to the Uniswap listing:

https://uniswap.exchange/swap?outputCurrency=0x0e511aa1a137aad267dfe3a6bfca0b856c1a3682

It is recommended to use this method instead of the other 'one-click' pooling method which was previously mentioned in Medium articles.

Thanks!

>>19667731
UNOFFICIAL EXPLAINER VIDEOS

>STA overview
https://youtu.be/M1u3t7tOQCY

>STA Tokenomics
https://youtu.be/f_a86WIbA7A

>STA Pool ownership breakdown
https://youtu.be/SnH3mAv920Q

>STA Balancer ovewview
https://youtu.be/0fVmFs01_Fs

>STA in action
https://youtu.be/k7pFhIo6OLg

>Whats happening inside the pool
https://youtu.be/0YlrsLcznTA

>Sending STA to Pool
https://youtu.be/tYwsP2QbV4I

>STA cant be fudded
https://youtu.be/wxa6l-lahDk

>Adding liquidity
https://youtu.be/fIxwfd9qkaI

Some BASED comments from the team

>I think the difference between STA and GBTC is the fact that when you enter the STA ecosystem, you're getting onboard with not just bitcoin, but with arguably the top cryptocurrencies, hence you're betting on cryptocurrency as a concept moreso than on just solely bitcoin or Ethereum. Also, the STA ecosystem itself promotes the growth of the four coins as it constantly buys and sells them, the theoretical perspective being that eventually it creates an equilibrium.

>101 million tokens was the starting supply. I can't particularly answer how tokens being out of circulation appreciate the value of circulating tokens out of fears for speculation. I'm not going to give a random number without any factual basis, however, we can apply the law of supply and demand to get a conceptual answer. Deflation and inflation both work on this concept.

>We're working on the marketing to create that demand, all whilst the supply is continuously dropping. Statera will continue to drop in supply even if all external trading ceased to exist as the Balancer will continue to trade STA to keep the 20% equilibrium, thus in turn burning 1% of every transactional value.

>The marketing is being worked on, I can't make influencers respond faster, I can only control what I can physically do myself. And I can assure you I wouldn't be up at 3:31am if I wasn't working on things I can personally do to impact the growth of this project.

>>19668007
A couple of comments were made recently that I feel accurately encompass the depth of the project. I will share them in the next post.

>>19668052
Anon posted this last night, smart anon.

An excerpt from a discussion with the team: "What happens if a coin in our balancer completely collapses?" "What happens if the sun dies out?"

>>19668091

>>19668091
Fuggggggggg pic related

At least this thread is free from the FUDDERS.

Also, one button pooling of sorts has been made available.

>After much testing and deliberation, we can confirm that BPT is now able to be traded on Uniswap!

>What is BPT? BPT is the ticker for Balancer Pool Token, it is your key to the Liquidity Pool. BPT can be removed from the Liquidity Pool at any stage for an equal 20% split of all the five tokens within the Liquidity Pool and is the token we have spoke about in previous Medium articles.

>You no longer have to interact with the smart-contract to pool liquidity. To trade BPT on Uniswap, you can either go to our website and click 'Trade' and then 'BPT'; or, you can follow this link to the Uniswap listing:

https://uniswap.exchange/swap?outputCurrency=0x0e511aa1a137aad267dfe3a6bfca0b856c1a3682

It is recommended to use this method instead of the other 'one-click' pooling method which was previously mentioned in Medium articles.

Thanks!

>inb4 schizo math pajeet fudder
>inb4 dumb bobo with no bpt

since im in so early, let me remind you that BPT is fucking mooning while STA is crabbing

BPT: https://uniswap.info/token/0x0e511aa1a137aad267dfe3a6bfca0b856c1a3682

Never selling

>>19668883
There are several new contracts that STA was sent to today. I think 4 new ones. One is for BPT I'm sure, and one might be for Saturn, but that still leaves at least two new ones that have received and/or sent STA

>>19668883
>anuss.jpg

>>19668999
Checked, PePaw

what the hell guys, why it's still cancelling my transactions? (crypto newfag here)
yesterday tried to buy some more STA through ETH and got canncelled after 10h of waiting and today again after sth like ~3 hours.. (made it on Uniswap V1 with 1.5% slippage price)

back to 6c
>6c
>6c
>6c
>6c

>>19669047
What about the gas price? Did you change it to fast?

ok so in the movies Thanos wants to destroy half of all life because of limited resources and all. but if he was so all powerful why couldn't he just double resources?

>tfw bought 56k @ $0.02
>tfw sold at $0.01
I want to jump of a bridge guise

>>19669047
>>19669071
Also, you are using the correct contract, right?
0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

>>19669110
Damn, man, why?

>>19667731
AMATERASU

try to adding more liquidity on balancer pool,
Sta went well to pool adress through writing through contracts but still don't have the update on my balance. Is this need to be long to split ?

>>19669142
AMATERASU!!!

well well well.. another joe at the grocery store.
hey buddy, not everyone is a fool here you know.
Some of us work hard for our money. WE come here hoping that as a community we can move up in the ranks of the more prominent crypto communities by finding assets while they are still lowkey. It is scum like yourself that go meet in secret discord and teletubby crowds to try and scheme with the people. much like the freemason,blood-sucking, sneaky fuckers that print the dollars.

For the love of god, anon that may or may not read this. I know you are watching and can relate to these words, although you may or may not be replying. take a step back.

Take a step back from the lambo dream. The get rich overnight scheme. The crop cream.
But most of all, take a step back and observe the tone these people speak in.

How on 4chan can 10 people instantly reply saying, "yeahhhhh, lets do it billy!" and you have not smelt the fishy, placenta like smell?

Focus. Breathe. Average out your sells slowly as the liquidity won't allow you to sell your full amount without dumping the price 15%.

This magical money making STA has got to leave the premise of 4chan for the better good.
And it needs to happen stat.

>>19669280
Based
>>19669293
Seiously anon, thank you for posting this pasta every thread. Even if Statera ends up going straight down to zero, I'll remember the fun times

>>19669337
:')

>>19669139
FUD got me

>>19669254
Is it not showing up in your wallet? You will need to add the bpt token address to your wallet to see it.
0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682

>>19669293
Why cant you stfu?

>>19669378
That sucks. It was pretty intense since everything lined up perfectly. It isn't surprising how many people sold. You could try swing trading to increase your stack if you can predict a dip

>>19669280
>>19669142

>>19669421
Im trying, slowly but steady

>>19669142
>>19669280
Sasuke... You lack balance.

>>19669421
buy at 000245
sell at 000255
lambo in no time guys

>>19670111
Lambos confirmed

sorry late replay, had to go away for a while...
>>19669071
probably not xD how to do that? I just changed
>Limit additional price slippage
on Uniswap to 1.5% and it didn't help..
>>19669118
sure, I added Statera to Uniswap by copying this address

>>19670307
Set it to 1.03 or higher. Like 1.04 etc

>>19670321
where I can do that? on Uniswap before transaction? or in Metamask after swapping on Uniswap?

>>19670374
When Metamask pops up to confirm the transaction, click 'edit' where it says gas fee. Change it to fast. Sometimes medium and slow will take forever to go through if they do at all. It is better to spend the extra few cents and go with fast

>>19669422
quick! look at this guy everybody!

>>19670439
ok, great! it's working now, thanks!
so come on guys! let's make it rise to the moon now xD

Well well well….another guy shopping at Trader Joe’s. Put back that cookie butter and save your money for Statera. You can buy cartons of cookie butter with the gains you will make.

Me buying all day

>>19670583
>tfw no more money to buy STA

>>19670570
Let's do it!

are you guys swapping STA for BPT or only ETH for BPT?

>>19670717
Eth is ideal because it forces the balancer to buy STA. If you add STA, some of it gets sold off to buy the other coins

Balancer Pool bros show us your gains from this crabbing.

So we went back above 6c already? I'm loving the stability here. Hope we can get the same after we break 10c and not dip back right after

>>19670772
>crabbing

Threads are dying.
0.053 cents as we speak. Oh wait, it's actually 0.0525 cents now.
No-name devs, one of them is nigerian.
No announcements, no marketing campaign, shady token needing lot of workarounds to make it functional.
No traction.
Lack of buy pressure despite your best efforts to shill it internationally.
Liquidity decreasing.
Mathematical proof of Statera's coming doom being posted more and more.
Markets in the red, including BTC.
It's time to admit defeat, STAstronauts.
Sell, and cut your losses. Pic related is where we have been for the last few days. And you already know where we're heading by now, don't you? Sell. Leave the cult behind.

Sell.
And move onto something else.
Sell.
And learn this experience for future investments.
Sell.
Sell now. The earlier, the better. This will be my last warning.

S.E.L.L

>>19670779
I think there are probably people sitting on the sideline waiting for it to start going up before they jump in.

Feeling comfy

>>19670796

>threads are dying

nigger these threads have been rolling around the clock maxing out the replies every time.

nice try bobo

>tfw you put all of your gainz from other tokens into STA to safeguard them instead of tether
STA is a stablecoin now but I'm not complaining considering how everything else dumped to hell.

>>19670796
>day 7 of bobos showing up at the same time on the clock
>last warning
>keeps posting that it's the end and it's going to 0
kek rope yourself

>>19670796

Retarded bobo copy & pasting in all statera threads.

Last time this happened, statera shot up another 50%. buy the dip.

>>19670772
pic related. bpt was $900 a day ago.
all statera pool contributors are safe as fuck. sta may be dipping because everything else is, but all the pool contributors are still making gains despite the bearish sentiment

>>19670912

Should I be parking my gainz in BPT instead of STA?

Should I sell some of my STA and add liquidity to the pool to have smaller gains but at least have some gains? Or should I keep holding? I'm not liking this downward crabbing trend.

>>19670912
>buy the dip.
This is a retest of crab support, not a dip fren.

>>19670988
checked

snib snab

>>19670977
checked

snib snab

>>19670976
STA gains or other crypto gains?

>>19670977
Depends on the size of your stack. Buying BPT now wouldn't be a bad idea if you expect the crypto market to go back up soon. If STA pumps again, you will miss out on some of those gains

>>19670977
I would keep holding honestly. Part of the downward crabbing is because people are doing exactly what you are suggesting. Wait until the price starts increasing before carefully pulling out a little for the balancer pool.

I just realized that the crypto market is down today but the balancer pool is at same liquidity

bullish as fuck holy shit

>>19670820

We need Uniswap to fucking add it and not have to put in the contract. That turns off a lot of people.

>>19671280
I mailed them 3 days ago. Let's see.

>>19671280
I assume Scott has discussed it with them. Maybe they are waiting for the audit before they add. You are right though, it is very hard to buy

>>19670796
GET REKT BOBO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOH

MOOOOOOOOOOOOOOOONING HERE WE GOOOOOOOOOOOOOOOOOOOOO

>>19671033
>STA gains or other crypto gains?
Other gains. I'm currently using STA as my Tether.

>>19671083
I think it was down earlier in the day due to the other coins taking a shit. Which presented a golden opportunity to buy the other coins at a cheaper price and dump them into the pool. Once they pump back up, the balancer will buy more STA. That's my understanding anyway

>>19671838
I guess that depends on what you expect btc and eth to do. I am confident in STA, but I don't have any sort of guess as to what the pool coins will do in the near future

>0.45
0.45
>0.45
0.45
>0.45
0.45
>0.45
0.45
>0.45

And you people were laughing at me two days ago saying that I was delusional HAHAHAHAHAHAHAHA I CAN'T BREATHE!!!

WHAT WILL THE STA CULTISTS COME UP WITH NEXT? CRABBING? WHALES AREN'T SELLING? LIQUIDITY IS GROWING? WAITING FOR A CORRECTION? LMAO IT'S FUCKING CRASHING SLOWLY LITTLE BY LITTLE AND THERE'S NOTHING YOU CAN DO ABOUT IT I LITERALLY TOLD YOU SO ONE WEEK AGO BUT YOU DIDN'T LISTEN AND YET HERE WE ARE HAHAHAHAHAHAHA

>HE BELIEVED IN THE "RECOVERY PHASE" MEME
>HE BELIEVED IN THE "FIRST INDEX FUND OF CRYPTO" MEME
>HE BELIEVED IN THE "HODL" MEME

HAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA BTFO BEYOND BELIEF JUST LMAO HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

FUCKING SELL YOU RETARDS THIS ISN'T GOING ANYWHERE NO OTHER TOKEN WITH AN ACTUAL USE CASE WAS STUCK CRABBING FOR THAT LONG BECAUSE THEY HAD AN USE CASE HERE WE HAVE NOTHING HAHAHAHAHAHA HOLY SHIT

>>19673183

>tfw dumping upwards

I like Statera

>>19674070
Statera likes you too, Fren

>>19673183
Why are you even here then? You're a fucking accumulatior and we all know it.

>>19674247
well well well.. another joe at the grocery store.
hey buddy, not everyone is a fool here you know.
Some of us work hard for our money. WE come here hoping that as a community we can move up in the ranks of the more prominent crypto communities by finding assets while they are still lowkey. It is scum like yourself that go meet in secret discord and teletubby crowds to try and scheme with the people. much like the freemason,blood-sucking, sneaky fuckers that print the dollars.

For the love of god, anon that may or may not read this. I know you are watching and can relate to these words, although you may or may not be replying. take a step back.

Take a step back from the lambo dream. The get rich overnight scheme. The crop cream.
But most of all, take a step back and observe the tone these people speak in.

How on 4chan can 10 people instantly reply saying, "yeahhhhh, lets do it billy!" and you have not smelt the fishy, placenta like smell?

Focus. Breathe. Average out your sells slowly as the liquidity won't allow you to sell your full amount without dumping the price 15%.

This magical money making STA has got to leave the premise of 4chan for the better good.
And it needs to happen stat.

>>19674684
I love this pasta and am proud to be the first one it was used on.

Fucking got pumped and dumped on

>>19674684
>average out sells slowly
how much ETH worth at a time? is this standard procedure for memecoins?

>people are STILL CONTRIBUTING to the liquidity pool while the price keeps decreasing
Don't tell me that STA was actually a carefully planned shilling strategy to massively pump the balancer and BPT

>180 eth sell in 15 minutes
What happened bros?

>>19675448
People getting scared

Time to buy in

Low morale today.
Keep holding anons...

>>19675496
F E A R
E
A
R

What will I do with you guys? Haven't you learned your lesson by now? Look at the cold hard reality for one second here. How many times will you need to be betrayed and lied to before you realize that this token isn't going anywhere? This time around, I'm not baiting or fudding. This is legitimate concern I'm willing to show for fellow /biz/nessmen. I admit that I was myself deeply invested in STA, because the idea, even if poorly implemented could really have shaken cryptocurrency and more specifically the psychological perception people have of it and DeFi in general. STA being an index fund inside this godforsaken and highly volatile market is undoubtedly a strong selling point for seasoned investors...

Selling point that you failed to convey. Why? Because first of all, the dev team is lacking the proper communication skills and network to truly advertise the value behind the project. Otherwise, the generous anon who found out about it wouldn't have had to go so low as to advertise it as a money printing machine. Second, because it doesn't have its place. I'm not saying that there is no use case. It's that the people in crypto aren't looking for guaranteed small gains over time. You are basically trying to convince gamblers to leave their greed behind and contribute to a pool in order to help make the project grow. How many do you think are still holding their tokens and haven't even put 0.0001 STA or ETH in order to maximize their potential gains? Poor Johnathan.
Third, as with all assets in crypto, it does look like a ponzi scheme. On top of that, despite its risk aware investor friendly appearance, you are betting on the success of not one but FIVE cryptocurrencies to pump the value up. And as of right now, the market is not in a good state. But BTC, ETH and Link are, pathetically slowly still, recovering. The same cannot be said for Statera.

For all of you early whales who are still in profit. Make use of the $340k liquidity while there's still time left.

lmao it could drop to 2.5c and we'd still be trending upward long term

BOBROS DOMINATE STATERA

>>19676745
You thinking if I buy in at 2.5 or 3 cents it would still be a good buy?

>>19676757
What did that take you, 10 minutes to do? Gg bobo call back when you get some replies.

time to buy.

Ok so BPT has to do with the pool, is it the total value of all coins I pooled or like a ratio, because it's same amount all this time

>>19677014
you can see what percentage of the pool your BPT is worth if you connect your MM to the balancer page
https://noproxy.pools.balancer.exchange/#/pool/0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682

>>19676793
Absolutely, I doubt it's going that low though