/biz/ - Business & Finance

>>21571097
Thanks for FUDing this guys. Just bought 16k more on the dip.

vpned and pajeetpilled

still buying sta

>>21571257
Nope I'm a huwhite male, hate trannys and have never touched a vpn or proxy service in my life.

>>21571190
same here, finally a STAggot thanks to the dip :D

What is the make it stack?

>>21571378
10k

look at the deflation already

>>21571378
40-50k is the answer I got iirc

>>21571097
U BABY WHEN U DUMP LIKE THAT
U KNOW A FINGER JUST SNAPED

>>21571396
>>21571413
Got 15k so far, just gonna scoop up the dumps

>>21571434
i made the original statera statera post, i am glad to see that its growing

>>21571313
:D:D:D:D benis

totally not an instagram normie trying to shill

>>21571097
AYYYYY. Heres the dump version STAggots, It fits better.

2.5k
Will i make it?

>>21571914
Sorry anon

>>21571097
isnt statera a scam?

>>21571960
Doesn't seem to be one. The 'proof' that was posted that showed it was seemed pretty weak. DYOR as always though

>>21571950
How much to make it then? Make it for me is 100k

>>21571960
No anon, sorry you’ve been duped

Scam

>>21572301
Our Delta pooling gains say otherwise. Did STAnos slap your ass on the way out?

Are people still falling for this obvious scam?

>>21572153
100k is definitely make it.

>>21572368
ahem, if not pooling in phoenix, idk what you're doing

STA devs outed for scamming as they did with their last project (BURNT)
based anon put out genuine FUD and devs had no response (except to dump because they knew the ship was sinking after they were exposed)
kek
based anon thread:
>>21529526

>>21572556
>can exchange BURNT to STA
>>scam

>>21571378
1000 rupees dear

>>21571257
nice reversal rakeesh, won't work, bought the dip of course...

>>21572800
plus holders of burn token got airdropped STA, but this is biz, so who gives a fuck...

You're all fucking on thin ice buying this after the wallet posted yesterday.

I hope you anons would take the time to read the whitepaper.

STA is part of the index or any future index. It is also used to maintain the ratio of the assets.

It is the definition of DeFi for a reason. The function literally cuts out humans that would usually buy and sell assets to maintain ratios of index funds.

Do you guys really not know how our financial system works?

>>21573437
What wallet anon?

>>21573937
They post the dev wallet all the time and pretend that it is an unkown wallet. I really don't know what all these pajeet-fudders are trying to tell us.

>>21573437
Yeah, you posted the Dev wallet, you unbelievably stupid doodyhead.

Imagine the Dev of a token holding a big share and buying straight after release... LMFAO

Why is the Blockfolio price always off and fucked up?

>>21572373
Dump your mother if you want dump

>>21574023
that they have a crush on Statera and want to buy it up and smooch it

How come a small amount went to a seperate address? Is this accounting for the slippage?

>>21574610
It's the burn

why in the fuck would it "moon", tell me anon in all your infinite wisdom how will it "moon" you have the AUDACITY, the TENACITY, and outright VEROACITY to tell me and other anons/pajeets that THIS, this STANTERA PANTERA COIN, this MEME TOKEN is a "Moon mission"? You might as well pack yo scuba suit, because this "space-craft" is going to turn into a submarine real quick. "MOON"? MORE LIKE BOOM! STRAIGHT INTO THE RED OCEAN

>>21574634
thanks anon I'm an idiot

Did they even get their refund?

>>21574376

>>21574757
>3m sta
>100 link
devs if you're wondering how to obfuscate your scam, this ain't it chief. add me to the tg, I can really show you guys how it's done

>>21574757
>posts the coins that are used in the Statera Phoenix pool

fuckin' genius, man, you figured it out

>>21574757
so the dev wallet has pooled? literally what is the issue?

>>21571960
it does what it says it does doenst it?

>>21574835
>>21574836

>>21574757
I seem stupid, but what's the problem? Someone has 3% of total supply? Isn't that expected?

>>21575096
>>21574835
>>21574757
Check this out btw
>>21573634 (You)

>>21575096
>not even 100 chainlink

>>21574757
Post wallet public key

>>21575096
rule one of running a scam is to not put all your eggs in one basket, if you really think devs are that dumb to put all their sta into one wallet so everyone can track them, then you don't stand a chance in crypto.
t. personally did this with substratum 3 years ago and doing it now undisclosed scam coin

>>21571097
>He sold?

>>21575096
>96▶>>21575145 >>21575158 >>21575197
>>>21574757
>I seem stupid, but what's the problem? Someone has 3% of total supply? Isn't that expected?
No, usually the devs hold much more. Like in chainlink the dev got over the double circulating supply and the top 100 holders hold 83.79%. Statera devs hold less than 4% and top 100 holders hold 66%. If you look at every other defi project you can see that Statera has far beyond the best distribution. The most decentralized if you will.

>>21575158
How is it to be so fucking stupid like you are?

All the other tokens you see there are pooled in the Balancer Pool.

I'm really amazed by your low-iq.

when refund?

>>21575368
why in the fuck would it "moon", tell me anon in all your infinite wisdom how will it "moon" you have the AUDACITY, the TENACITY, and outright VEROACITY to tell me and other anons/pajeets that THIS, this STANTERA PANTERA COIN, this MEME TOKEN is a "Moon mission"? You might as well pack yo scuba suit, because this "space-craft" is going to turn into a submarine real quick. "MOON"? MORE LIKE BOOM! STRAIGHT INTO THE RED OCEAN

>>21575390
This week fren.

>>21575096
You arent. I am the pasta anon shilling on here and I am at 1%. I am not a dev nor am I in the tg group. I am just an OG link marine who uses STA to keep my link balanced and happy. There is a coordinated fud group here on biz though trying to get cheap ass STA...

>>21572161

>>21575398
Its solid at 25x-30x the price it was a month ago. And this is just the start.

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"

>>21575405
comfyyy, how many bpt u got?

>>21575398
No Sir, I am not from New Delhi. This is Mike from Microsoft Support, Sir. You must sell all your coins, my friend. It is a scam, Sir. Let me see your dekstop, Sir.

>>21575435
In 3 months we burned 15%.
If volume doesn't change and we only MAINTAIN our current volume, then (0.85^6) our supply is down to 32 million tokens by EONY...

If we MAINTAIN our rate of steady price growth due to tranasction fees put back into the STA ecosystem without any new buyers beyond uniswap ONLY (not the 4 new exchanges and future exchanges) the mcap by EONY is (1.2^18) of the resistance mcap or 400 million USD by EONY without any other help (DOGE and COMP are 450 mill NOW).

This would put the price of 1 STA token at $12.50 USD WITHOUT accounting for any new exchanges, new integrations, new price vibrations from ETH, LINK, BTC movement/pumps/dumps, and without accounting for the bullrun or BALANCER being listed on coinbase. Now remember that the ripple effects from the above are exponential.

Again, if we freeze market action in place then the price is $12.50 per STA EONY. Do you see how $100 EONY is FUD?

>>21571097
I dumped for DMG, TWICE. hahaha. This is a scam, but it made me good money.

>>21575479
>we

friendly reminder that rule one of running a scam is to not put all your eggs in one basket, if you really think devs are that dumb to put all their sta into one wallet so everyone can track them, then you don't stand a chance in crypto.
t. personally did this with substratum 3 years ago and doing it now with undisclosed scam coin

>being worried about devs rugpulling
>not being worried about all the other million+ wallets dumping
I'm WAY more worried about the 6mil+ chink fucking dumping than the devs, alongside other /biz/relis who got in at the ground floor and are now hundreds of grand in the green.

>>21575479
fuck this makes me wanna coom

>>21575560
The devs are so scammy that they even refund those who got scammed so that they can be scammed once again.
These STA boys just love to scam!

The fud is getting pathetic, it's always the same 3-4 retards saying the same bullshit over and over

>>21575560
You have copied this in this and other threads already.

>>21575703
Even worse than that. When they exploit happen we were at 0.045. So they are paying back almost 10x the price from the dev wallet in just statera. Truly disgusting scammers.

>>21574671
Corny

>>21575534
>>21575544
>>21575560
>scams get independently audited as not scams
>scams refund money
>scams are highly decentralized <4-9% worst case
>scams are responsive to community
>scams required to be in cahoots with independent 3rd parties like balancer, and uniswap with a lot to lose and nothing to gain partnering with scams
>scams airdrop failed project tokens for next iteration

LINK is my number 1 token. LINK also came from NXT which failed and did not airdrop, link has been called a scam by independent audits, with devs controlling 65% of tokens. LINK doesnt refund but DUMPS on community at 700k at a time. Link partners with a literal porn actress to manage money as a 3rd party. LINK has had all the red flags of a scam but I held because I read the fucking whitepaper.

STA has none of these flags and the whitepaper is solid and revolutionary. Stop saying "scam" because you want a cheaper price. We do not have 3 years like LINK. We have 1 year and we need traction and honesty. Not fud and excess accumulation. Fyi, it will never feel like enough STA so just let it gain traction you idiots and be happy with your STAcks.

>>21575669
When you know, you know

>>21575766
Of course... no one suspects a scammer that gives away money instead of taking it. By losing money they can continue to scam forever unnoticed. I myself have tripled my initial investment so I'm a victim of this strategy too. But hey, live and learn.

>>21575931
This, Link is literally at top 5 now. I read the whitepaper and held through all the fud since early 2018.

>>21575931
based and true. very funny to hear losers say STA is a scam and then in the next post complain sergey betray

>>21575931
Exactly daily reminder that LINK and ETH were fudded and thought to be scams this early too

>>21575479
What happens when STA reaches 0?

>>21576336
so was bitcoin
hell, i thought it was a scam in 2011

>>21576386
The sun will die before that happens. Statera got 18 decimals. The burn rate will slow down over time since the price will rise and you will send less coins.

>>21576422
i noticed in the AUDIT that, with the current contract, if you send the smallest unit of STA (0.000000000000000001 or whatever) it is burned and the recipient receives nothing. not sure if actually a bug or working as intended though

>>21576422
Ok then. But what is the point of burning anyway? To artificially increase the value?

>>21576604
To create a fee-generating feedback loop within index pools.

>>21576523
18 decimal places. Mathematically, that is over 4000 years of exponential growth into the future. Far longer if linear growth. If STA is that widely adopted 4000 years from now, it will be forked into a stable coin without the burn function.

>>21576682
Disregard my post and read this
>>21576422
I forgot the price action has to decrease as it reaches that asymptote

>>21576523
Read>>21576422
>>21576724

>>21576747
>read the post i'm replying to
o-ok

>>21576604
The deflation combined with a balancer in a pool will create alot of volume so people in the pool gets paid more. Since 1% is burned on every transaction the balancer will do alot more sells and buys to keep every asset at a set %. Deflation also rewards holding, in normal economies you will have inflation so your money will be worth less and cause you to do stupid things with your money so more money will be spent on things and go around in society. Deflation will cause the opposite effect, it rewards holders and punishes bad spending habbits. Statera got value through its effects in pools. And with a decreasing supply combined with a demand it should create positive price pressure. All around the world inflation is getting higher and forces people to move into metals and crypto.