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/biz/ - Business & Finance


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21384098 No.21384098 [Reply] [Original]

WE ARE STAGGOTS AND WE ARE NOT
FUCKING
SELLING

>> No.21384156

Just got on at 2k
My body is ready

>> No.21384157
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21384157

>> No.21384159
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21384159

>>21384098
Sup, Chad Thundercock.

>> No.21384304

Dead coin, chinks are just going to keep taking profit any time it starts to take off until people get tired of the struggle towards .50

>> No.21384392
File: 784 KB, 700x700, Statera_pepe_circle.gif [View same] [iqdb] [saucenao] [google]
21384392

Currently hodling 1.6k, lets go $5 EOY $100 EONY

>> No.21384393

I'M A STAGGOT AND I'M PROUD

>> No.21384402

40k stacklet....am I gonna make it

>> No.21384445

>>21384402
Unironically over $400k EOY

What is an index fund?

An index fund is a fund that can track and adjust a specified basket of underlying investments. In this case: BTC, ETH, LINK all balanced with STA (https://www.youtube.com/watch?v=QzNhe5Hd0do)) [Open].

The rules are that these coins are set in a fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever a STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY (https://medium.com/@stateraproject))

The power of STA is that the ripple effects of: (1) compounded fees/locked/pooled tokens, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.

Can the team dump? No, this is the most decentralized token. Much like how BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own <4%.

>> No.21384474

>>21384445
Let’s assume that for one day every cryptocurrency stays flat except ETH. What would happen?

1. The value of Delta will go up and the 50:50 ratio would be out of sync, ETH would need to be sold and STA bought to keep the locked in split. This causes STA to burn

2.The Phoenix fund is 30% ETH and 40% Delta. It would then need to sell both assets and buy wBTC, Link and SNX to keep the predetermined asset weights. So now both Delta and Phoenix are back in balance, but it doesn’t stop here

3.As Phoenix sold Delta there is a negative impact on the price, but the actual quantity of ETH and STA inside of it didn’t change after point 1. As a result, it would be beneficial to unmint Delta to realise the full value of the underlying assets. This unminting process causes STA to burn. Something like this is generally done by arb bots.

4.But now as some STA has been burnt there is upward price pressure and the inverse of point 1 happens. STA is now sold to buy ETH, causing STA to burn. Initially this may not be significant but as supply decreases the impacts of this will get bigger.

5.Point number 4 means that the value of Delta has changed, which means Phoenix needs to sell Delta and so the cycle goes back to point 2
Please note, that the impacts of point 4 and 5 are probably too small to see this early in the project but it doesn’t mean it’s not happening.

Now remember there is zero chance that ETH is the only asset to move in price for the day. THEY WILL ALL MOVE.

Now think how many indices Statera will be putting out on platforms like balancer (yes balancer will not be the only one).

Multiple index funds on multiple platforms with different pools using the Delta coin.

STA will be the most used coin in Defi soon.

------------

TL:DR

In simple terms the Burn function of STA is designed to create volume. In a way Statera discovered "Volume farming"

>> No.21384479
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21384479

>>21384098
WOOOOOOOOOOOOOoooOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOoooOOOOOOOOOO

>> No.21384488
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21384488

>>21384304
Seems to be the case.
Whale dumps every time we break .30

>> No.21384544
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21384544

>>21384488
STILL HODLING AHHHHH

>> No.21384580

Guys help a biznewfag here.
I've got my last $100. Do i buys this o link?

>> No.21384588
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21384588

>>21384488
nice try but NFS

>> No.21384687

>>21384098
dude this guy just slapped his dick on the pool. fuck me.

>> No.21384721
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21384721

>>21384488
They can only do so much after refund and exchange listings start to drive the price higher and higher..

>> No.21384753

Whats a make it stack for my fellow staggots?

>> No.21384773

>>21384580
This

>> No.21384808
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21384808

>>21384753
Depends who you ask, it will likely change in the coming months. I think 10k is still suicide and anywhere from 50-100k is a make it stack right now.

>> No.21384819

>>21384753
100k was the number going around.
10k is suicide stack

>> No.21384825

3k stack hoping to get to 10k before eom reporting in

>> No.21384839

26k reporting in, feeling reeeeeal fucking comfy

>> No.21384863

>>21384721
Idk it's just so unbalanced, I wish I knew if/when the #1 bugman holder planned to dump. Then again there were whales that bought 50k worth of link when it was a shitcoin and are holding to this day.

>> No.21384894

>>21384808
>>21384819

Shiiiieeeettt and i thought 5k would have been a good place to settle in at. Ima have to find a way to get higher than that then

>> No.21384929

>>21384479
Kek

>> No.21384997
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21384997

50k gangSTA
LETS FUCKING GO

>> No.21385088

>>21384808
honestly i think we'll see eventually 1k being the suicide stack. like link

>> No.21385121

>>21385088
6 to 18 month time frame for this?

>> No.21385134

>>21385088
That seems quite unlikely.

>>21385121
Idk man set up notifications on delta and peace out of here.

>> No.21385271
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21385271

>>21384997
36k gangSTA here

>> No.21385275

>>21385134
does it though? the supply is 87M and will continue to keep burning. why does $10 seem unlikely to you?

>> No.21385317

>>21384997
gonna make it

>> No.21385328

>>21385275
Oh no I agree. I just don't think that's suicide stack levels. But it's all subjective.
25K STAggot here.

>> No.21385367
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21385367

>>21384863
Dude if you're worrying about one holder then you're clearly thinking too short term. Yeah he might be able to suppress the price in early stages, but if people believe in the project then it will grow out of the whale's hands.

>> No.21385436
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21385436

Where do you guys buy? Binance? Coinbase is too slow to catch on to coins

>> No.21385504

>>21385436
Uniswap has the most trading volume, but it's already been stated by the team the more exchange listings are to come.

Uniswap tutorial: https://www.youtube.com/watch?v=MNbfdoSXTHE

>> No.21385560

Hey guys I bought a nice stack of this on May 29 and then went off the grid for bout ~2 months. Nice to see it doing well. Looks like we're gonna be rich

>> No.21385604

>>21385560
We will all unironically make it

>> No.21385694
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21385694

>>21385560
Yessir, congrats.

>> No.21385703

>>21385504
Good man

>> No.21385741
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21385741

>>21385328
Fuck man I’m getting Fomo. Dam Cuck Base won’t let me transfer my shit out yet ..!!

>> No.21385757

>>21384098
I bought some at like $0.32 and some more around $0.28. I have almost 5k total now. Am I a retard / too late?

>> No.21385789

Fuck it just bought some more im in over 2k now lets ride this baby all the way up

>> No.21385791

10k STAstronaut reporting SIR

>> No.21385811

>>21385741
don't worry fren, i've watched the dips over the past few days closely at my wagecuck job, you will get a chance to buy in at a nice price.

>> No.21385812

>>21385757
Just don't sell the dips and you'll be fine, we keep finding new floors as the whales take profit. Honestly this chart is looking like the early days of link and eth. One whale dumper already lost all of his profits on YAM

>> No.21385820

>>21385757
It’s just the beginning we still need to get in Binance and have the Twittter normies and you tubers begin to shill it on auto pilot like Chain Link. Then it will truly be late.

>> No.21385849

>>21385791
we arent stastronauts bro. we're still gonna make a lot of money though

>> No.21385970

>>21385757
Pool it. At least you'll be able to make some money while it recovers

>> No.21386021
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21386021

>>21385812
>One whale dumper already lost all of his profits on YAM

>> No.21386055

i've done nothing but hold. as a stacklet with 13k, is it worth it to pool any? i won't lose the coins if i pool, will i?

>> No.21386090

>>21385849
11.6 STAcklet reporting in

All we have to do is just hold for a few years and we can buy a medium sized home for cash

>> No.21386127

>>21386055
looking for more info on this too. and what would i need to pool like 1k in US fiat. would i need to spread it across all 5 coins or could I just do STA?

>> No.21386151

10k here. We're gonna make it.

>> No.21386174

Dump damn it dump

I swung out 2k

I need more STA

>> No.21386219

Is it taking longer than usual for STA to show up in your wallets right now? I just bought an extra 800 or so and i dont see it and its been about 15 mins

>> No.21386223

Is there a better way to monitor the price of STA on mobile other than just using uniswap.vision?

>> No.21386245

>>21386174
Swangin' STA, there's no hope. Swangin' STA, borrow my rope.

>> No.21386348

>>21386245

STA swangers help us burn

>> No.21386412

>>21386223
blockfolio

>> No.21386416

when are we on uniswap bois?
when are we on binance bois?
when are we on coinmarketcap bois?
what are we gonna move bois?

>> No.21386455

>>21386348
Literally no incentive to swing at this point, if the price goes up chinks dump. This is a long term hodl or nothing.

>> No.21386481

I can't sell even if I wanted to. I've had pending transfers for 3 days. I've tried everything including adding gas, resetting and sending myself 0 ETH. My wallet is locked up until it ends somehow. It started when I tried to buy Tranquility.
https://www.bitcratic.com/#!/trade/0xae9d7c1fd1980e1ca40aab0b94140ca27435ea27-ETH

>> No.21386547

>>21386127
You can pool using only wETH if you want and the pool will automatically balance it

>> No.21386605

>>21386547
I am a brainlet with 5k STA. Can you explain pooling and how to do it? Or direct me to a resource that explains?

>> No.21386698

lmao it's not even midnight in the states yet..boutta be

>> No.21386713

>>21386547
please respond to this >>21386605

>> No.21386726

>>21386223
https://coinstats.app/en/coins/statera

>> No.21386771

>>21386605
https://medium.com/@stateraproject/investing-in-stateras-deflationary-index-fund-19c74947a0d5

>> No.21387136

>>21384474
Based. Never fucking selling.

>> No.21387165

>>21386771
Thanks, anon. Three questions:

1. How do I receive dividends? Do they just automatically appear in my wallet or something?

2. Is there any risk inherent to pooling just holding STA in a wallet?

3. If I already have STA in a wallet, can I just put them in the pool for as long as I want and pull them out whenever I want?

>> No.21387197

>>21385560
Hopefully got v3?

>> No.21387262

>>21387165
Fees from pooling automatically added to the pool, dividend reinvestment, BAL ‘dividends’ are airdropped once a week which you can hodl or trade on uniswap for eth and onto something else

Look into impermanent loss in regards to pooling. STA you can’t pool directly anymore you need equal parts of eth - and pool in uniswap which mints delta,

You can then put delta in Phoenix or any other of the coins

>> No.21387343

>>21387262
With BAL you're also privy to the assets in the pool increasing in value substantially.

For example, I was part of the BAL pool hack. The assets being reimbursed to me are worth far more now than when the hack happened.

>> No.21387346

>>21387262
Seems complicated for a brainlet like me, but thx for taking the time to share the link and explain stuff. I'll have to investigate further.

>> No.21387446

>>21387346
The missing link for most anons is that when you add liquidity to either pool, you receive a token in return. Uniswap gives you Delta (UNI-V2) and Balancer gives you Phoenix (BPT).

These tokens represent your the percent you own of each pool. You redeem them at a later date, either by removing liquidity for all tokens in the pool, or a single one. In the Balancer Labs pool, you also receive bonus dividends via weekly BAL airdrops.

>> No.21387571

>>21387446
Doing gods work anon. Keep it up. This is a gem and its going to explode soon.

>> No.21387572

220k STAnker reporting in

>> No.21387667

>>21387572
When do you intend on selling?

>> No.21387743

>>21385812
Got the etherscan for this?

>> No.21387766
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21387766

>>21387571
Agreed. I remember how confused I was about everything back in those early days of STA and the Thanos memes. The more people that understand the full utility and potential of STA, the better it is for all holders.

>> No.21387798

>>21387743
https://etherscan.io/token/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

>> No.21387819

>>21387766
anyone who gets this literally won

>> No.21387962

>>21387766
How much did you pool versus keeping the original token?

>> No.21388090

>>21387962
Half and half. But the half I'm getting back tomorrow is worth much more than the original half I pooled. Will be putting it into the pools.

>> No.21388227

>>21388090
Is it worth it pooling if you only have a stack of 12k STA

Also which pool are you putting it into, Phoenix or Eth:STA

>> No.21388273

>>21388227
I'd consider pooling half. The genius of it is that you can pool in Delta, then take the Delta tokens and pool them in the Phoenix pool. Double liquidity mining. Welcome to Statera.

>> No.21388401

>>21384098
We are STABROS

>> No.21388465

5k STAcker here, will I be ok just hodling and not messing around with pooling? This is a long term hodl for me and I want to just leave the coins in my wallet and check back in a month or two.

>> No.21388494

>>21388465
Yea just hodl brah

>> No.21388526

>>21388273
Damn that's actually sick

>> No.21388583

Does this coin have a hard ceiling? If the main use is passive gains, those passive gains need to be worth the initial investment right? Will anyone be paying 100usd for 1sta? What's the long term outlook here?

>> No.21388637

>>21388583
Deflation (and demand) leads to price increase.

>> No.21388670

statera will hit $150M market cap within the next few months, which will put it at $2. read the whitepaper, soon every pool will have delta tokens in them. i’m not selling or pooling until >$4

>> No.21388816

>>21388583
The market cap can stay the same and the value of the main asset (STA) can continue to increase.

It’s still very early days, it’s in price discovery.

But long term I think the only way is up, what do you think happens when the pool is at millions and the supply is @ 50 million, 40 million! Ect

It’s being forced to constantly trade even if everyone just held STA, the pool would continue to buy trade and burn.

My pooled assets have gone 2-3x doubled in a few months, Phoenix is almost upto 500k, 1.5mil about to be refunded.

This is only 1 pool, what happens when Phoenix is injected into multiple liquidity pools.

>> No.21388833

>>21384098
Statera seems like an okay project. This person made a video on it, not bad https://youtu.be/qrgYWgZPf08

>> No.21388909

>>21385436
Coinbase wallet to uniswap app in coinbase wallet

Make sure STA is a whole number and set slippage to 3%

>> No.21389008

>>21388670
This is not taking the burn rate into account fren...do a 1.5x for the burn

>> No.21389414

>>21388583

Fren, let me help you in understanding the purpose of the STA token.

So what an index fund does is keep assets at a certain ratio (for example, 50/30/10/10). if one of the assets go up that asset will sell off and buy the other asset to keep the ratio intact. So, in practice,The assets are continuously buying and selling... re-calibrating constantly just to keep that ratio.

Ok, so where does the STA token come in? Like why use it in a Index Fund you want to create? yes, any one of you can create your own pool on Balancer.

The STA token basically allows you to capture trading volume within an index fund since the index fund is constantly buying and selling assets to keep its ratio constant. thats why they are calling it "Volume Farming". This is the ONLY token right now that has the ability to do that.

Now this is just the beginning of the ecosystem. There will be more funds to give options to all investors (Exchange Token Fund, Layer 2 Solutions Fund, Social Networking Fund, Lending Fund, etc. ) and obviously more community pools (yes anyone can create a pool and people have been on Balancer). Also, there will be different platforms to create more indexs and more pools. Balancer will not be alone in the future. Now think about that for one second......

More platforms, more pools, more indexs. The ecosystem will continue to grow all while the STA token captures the value of trading volume per each fund. Its almost as if STA is helping you capture the trading fees that are happening in each fund.

At a certain point it just wont be logical for any pool to exist with out the Delta. any pool without it is missing out on extra income earned.

You asked and i'll answer.There is no ceiling for STA.

Funds that track broad U.S. equity indexes hit $4.27 TRILLION in assets last year. Now imagine a token that captures the trading volume within those Index funds.

My God.....STA token will be the most used token in Defi.

>> No.21389448
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21389448

>>21389414

Forgot the pick

>> No.21389478
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21389478

Uhhhh guys?
Is Equus gonna pull a Statera and go 2000x? It has the same deflationary mechanism.
It's basically Statera a month ago when it was at pennies.

>> No.21389547

>>21389448
You make me feel really hopeful about my decision to go all in on STA lol

>> No.21389628

Dip below.20 again and I'll pick up 5k

>> No.21389632

>>21385811
Isn't right now a nice price? Or you reckon it'll dip again?

>> No.21389728

>>21389478
Literal pajeet founder and telegram more active than STA, honestly yea, I'd say there is a serious pump and dump incoming on this coin, just make sure to sell the pump.

>> No.21389818

>>21389728
lmao the guy Ryan that's developing Equus also used to volunteer for the statera team but was kicked off of the team within like 3 days because he said nigger in the telegram.

>> No.21389833

>>21389632
Like the other anon said the floor is rising steadily every day. I would't expect it to dip below 0.2 again soon but something in between 0.2 and 0.25 is still possible.

>> No.21389872

>>21389448
>>21389414
This STAggot gets it

>> No.21389901

>>21389478
That’s the best fud I’ve seen. Man runs around and creates deflationary crypto scams

>> No.21390204

>>21389478
>>21389728
>>21389818
>>21389901
So, exit STA now?

>> No.21390239
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21390239

I sincerely hope there's new ath around 0.5 soon to prove all fudders wrong

>> No.21390317

>>21387262
Now that Statera is on zapper.fi you can pool with only STA
>>21387346
I highly recommend you read the whitepaper

>> No.21390331

>>21390204
Hahaha nah I’m about to buy more once that FUD causes the next dip

>> No.21390367

>>21390239
>>21390331
I think we've set a new price floor of 0.25
I don't wanna be too optimistic but it seems that way

>> No.21390479

Damn my transaction is stuck in purgatory rn this is fucking annoying

>> No.21390506
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21390506

>>21390367
Looks solid yes, my average cost is around 0.09 so I'm sitting comfy and in it for the long haul, but I'd love to see those fudders suffer a bit in a short term.

>> No.21390534

Less of a chance for transaction purgatory with coinbase app?

>> No.21390576

>>21389478
what was the pre-sale price?

>> No.21390585

>>21390534
This is a white man's coin and we use metamask

>> No.21390623

>>21390585
I started off with coinbase wallet and now i realize the error of my ways, metamask is superior. Probably just gonna take forever for my shit to go through or itll get cancelled

>> No.21390638

>>21390331
Also planning on buying more if we dip down into the low 20 cents area or lower. I doubt we get there though

>> No.21390673

>>21384098
I'm ready for insertion.

>> No.21391022

Are there a lot of whales selling? Also, should we expect a pump tomorrow?

>> No.21391079
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21391079

Not unhappy with this trend at all. Let's see how we go.

>> No.21391669
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21391669

STAutist newfag here with a retarded question: all I have to do with the Delta token to earn the 1% fees is hold it right?

>> No.21391742

>>21391669
Big buys coming through just now, approaching .28

>> No.21391779

>>21391742
50 cents by tomorrow night lets goooo

>> No.21391832

Here’s hoping we go to 40c again