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22115652 No.22115652 [Reply] [Original]

Burn that supply edition

What is an index fund?

An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK all balanced with STA.

The rules are that these coins are set in the 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 an STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). This token burn + tokens being locked in pooling pressures prices up to again make sure the other coins will be balanced. 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.

The power of STA is that the ripple effect of: (1) compounded fees, (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 as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own <4%.

In short, Statera:

1. Increases positive price pressure and decreases volatility - caused by the deflation
2. Gives one token access to the ecosystem, price action of assets its pegged to, and benefits of arbitrage
3. Deflation can be put into any index fund (Balancer pool) or other financial instrument
4. Deflation rewards loyalty, if you get in early when supply is high, as supply goes down assets get more valuable
5. Diversification - You can hold many assets in the ecosystem
6. Passive income- make money while you hold your crypto (over 30% APY)

TL:DR

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

>> No.22115780

>>22115652
EXCHANGE LISTING UPDATE

At Statera we are continuously looking to unlock new possibilities. We are the first Deflationary Index Fund and now we are pleased to announce that both $STA and $DELTA will be listed on ViteX.

Why is this significant?

We have successfully managed to get our liquidity pool digital asset listed on another exchange.
This is something we believe has never been done in the history of DeFi.

Deposits will open on 2nd September 2020, with trading to commence on the 3rd.

Listing details can be found here:

https://twitter.com/VGATE2/status/1300703792694833152?s=09

Thanks to all our community members for their support and contributions.

We are not done yet, so please do continue to keep an eye out on the announcement channel for additional news coming this week

We look forward to your continued support and donations: Stateraproject.eth

Thank you!

©STATERA PROJECT

>> No.22115796

This dump won't move

>> No.22115804
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22115804

>> No.22115842

>>22115796
Yeah it's frustrating but it will pass and it's helping burn supply even faster

>> No.22115989

HOLDING MOTHERFUCKER

>> No.22116001

>>22115842
Yah, annoyed I didn't swing.

>> No.22116016

>>22115804
:O

>> No.22116066

>>22115804
Won't the burning reduce as there is less supply / higher price?

>> No.22116184

lmao STA should've hit $1 already so fucking early

>> No.22116204

>>22116066
The burn rate will fluctuate
If the token costs less, the burn rate should be high due to the amount moved per transaction. Equally if the token costs more, the burn rate should be lower since assumed transactions will include less Statera

As supply goes down price trend upwards and that will slow the burn rate. Although, more exposure/exchange listings should increase trading volume which should increase the burn rate

It will be a ying/yang and it's hard to predict if that means overall supply will burn faster than predicted or slower. I could be wrong and biased but I suspect it will burn faster one trading volume remains stable above 1 million however/whenever that occurs

>> No.22116237
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22116237

>>22116066

>>22116184
Really early friend, the project is months old, my data may be severely underestimated, in a month or two I will re-evaluate the supply burn. It does look good overall even with these conservative numbers

>> No.22116316
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22116316

COMFY HODL

>> No.22116356

>>22116316
l i t e r a l l y d u d e

>> No.22116383

lmao undershilled as fuck dude

>> No.22116406

even for /biz/ standards

>> No.22116416

Hard pump incoming 3 hours and 10 mins now when digifinex trading goes live.

Get in now it won't be crabbing for long.

>> No.22116640

>>22116416
I definitely added to my bag during this dip, can someone post the ranks, I may have ranked up friends

>> No.22116664
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22116664

>>22116416
deposits open in 3 hours, full trading opens 24 hours from then, I'm bullish as fuck

>> No.22116739
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22116739

>> No.22117434
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22117434

>> No.22117856
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22117856

Proud of my fellow STAstronauts. Today was a rough day. Thank you for being there with me.

>> No.22117868

>>22116416
Trading will be opened at 16:00 (GMT+8) on 2nd Sep 2020.

>> No.22117921
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22117921

prepare for moon lads

>> No.22117969

>>22117856
Based anon, this will only make us closer as a community.

>> No.22118018

>>22115652
I've been swapping on the way down and my stack is up to 20.7k, if down in ETH. I keep selling because some of that ETH was supposed to be in a different pool, but then it dips again and I have to buy once more. This coin's going to ruin me or make me a very happy man, one of the two.

>> No.22118153
File: 3.56 MB, 293x223, Buy-more-statera.gif [View same] [iqdb] [saucenao] [google]
22118153

Statera (STA)
$0.12

>> No.22118240

If you check through the STA transaction log, a good amount of these dumps are new holders selling at a loss, buying at $0.15 and selling when it hit $0.14
Whatever they are doing it constantly increasing my placing on top 1000 holders

>> No.22118505
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22118505

>$0.12
>right before an exchange listing
This is your chance, /biz/.
Comfy as fuck right now

>> No.22119168

I hope it gets to sub $0.10 so I can buy a fat stack before the exchange listing

>> No.22119539
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22119539

CHINKS ARE IN I REPEAT BIG MONEY CHINKS ARE IN

ooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.22119554
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22119554

>>22119539

>> No.22119585
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22119585

>> No.22119614
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22119614

Let’s fucking go.

>> No.22119616

I don't have a lot of money to buy in and the gas fee doesn't seem worth it. What do? Just stay poor?

>> No.22119725

Time to increase my baby stack

>> No.22119945

>>22119539
and it's fucking nothing. swung traded by it's own team into the ground. again.

>> No.22120153

>>22119945
Just buy already lmao. How cheap do you want your bags poorfag

>> No.22120209

>>22120153
bought at 8c pre hack, almost 30k. held through endless bullshit. just fucking disappointed in the team, even the tranny admits to swing trading, then bans people for talking about it because it's 'baseless and unfounded'. amazing coin, amazing concept, absolutely garbage execution.

>> No.22120560

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.22120731

Its over.

>> No.22120798

>>22120209
On the other side; until now they keept up their promises about the refund (kind of a big deal I would say) and listings.

>> No.22120856

0 volume on new exchange lol can't even buy if I wanted too

>> No.22120977

>>22120856
I think trading isn't open yet, just deposits.

>> No.22121030

>>22120977
>DigiFinex will list STA and open deposit at 16:00 (GMT+8) on 1st Sep 2020. Trading will be opened at 16:00 (GMT+8) on 2nd Sep 2020. Withdrawal will be opened at 16:00 (GMT+8) on 3rd Sep 2020. STA Airdrops will be initiated at 16:00 (GMT+8) on 1nd Sep 2020.

>> No.22121038

>>22120209
Nice fud, they never said they swing. But I do agree that the tranny needs to be removed.

>> No.22121064

>>22120856
Trading will be opened at 16:00 (GMT+8) on 2nd Sep 2020.

>> No.22121118

>>22116416
No pump to be seen yet tho

>> No.22121186

>>22116383
Wtf are you talking about, this easily is in the top 5 most shilled coins on biz

>> No.22121211

>>22120798
Ask me how I know you're a pajeet.

>> No.22121213

>>22121064
What's that in America speak

>> No.22121216

>>22121038
it's not fud, it's blatant. look at the timing of the pumps before announcements. i've been balls deep since July. look, maybe it's a fucking stroke of genius, faking volume to appeal to exchanges and increasing the burn factor artificially, i don't know. the coke bottle analogy going around. i just know it fucking sucks to be a loyal holder and have them shit all over you again and again.

>> No.22121228

>>22121213
*Checks watch*
In a couple of hours I believe.

>> No.22121241

The tranny killed community growth. GJ team.

>> No.22121297

>>22121241
He definitely drove away the biztards from tg.

>> No.22121316
File: 3.32 MB, 1416x1448, Schermafbeelding 2020-09-02 om 11.16.46.png [View same] [iqdb] [saucenao] [google]
22121316

>>22121211
>pajeet

>> No.22121328

Same three people fudding. Buy or miss the train. it's not dropping to .10 no matter how much you try or want it to

>> No.22121365
File: 113 KB, 1481x769, digifinex.png [View same] [iqdb] [saucenao] [google]
22121365

>>22121213
it started an hour ago, no trades yet

>> No.22121684

>>22121365
Just went to check and yeah, no trades. Nobody's selling (there's a few on offer for 39c and up LOL).

>> No.22121736

>>22121684
>imagine selling tesla stock at 0.50$
you'd be crazy to sell now

>> No.22121745
File: 266 KB, 1600x1200, Statera.jpg [View same] [iqdb] [saucenao] [google]
22121745

>Statera

>> No.22121753

>>22121213
>>22121228
>>22121365
16:00 GMT is in 6 hours in 20 minutes.

>> No.22121762

>>22121736
>imagine selling tesla stock at 0.50$
But Tesla isn't complete dogshit, so I don't get the comparison

>> No.22121789

Why would anyone sell at $0.12?? btw I'm the guy offering some supply at 0.39, although that's way to cheap actually.

>> No.22121807

>>22121745
>>22121762
RAGING fudder lmao. You're still early friend, just go ahead and cop it

>> No.22121812

With all these meme farming coins I’ve come to realize how much I appreciate Statera’s stability. It’s gone through a lot to get to this point and isn’t just some two day meme craze. The devs have time after time proven to be legit and the community to have titanium hands. Even the fud nowadays is down to ape level IQ shouting about a mod being a tranny.

I believe it will have its moment again soon with maybe new money flowing back from the meme coins.

>> No.22121815
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22121815

>>22121762
>pajeet

>> No.22121844

>>22121812
This, based anon you know it

>> No.22121867
File: 32 KB, 240x300, Statera Holdings.jpg [View same] [iqdb] [saucenao] [google]
22121867

>>22121815
No, dude. I have Statera.
>pic related

>> No.22121932

>>22121867
>No, dude. I have Statera.

Why don't I believe you Rajj?

>> No.22121978
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22121978

>>22121932
>Why don't I believe you Rajj?
IDK. Me and my friend bought a load. To the moon!

>> No.22122089

>>22121753
But when is 16:00 GMT +8?

>> No.22122126

>>22118153
Fresh af memeory.

>> No.22122132

>-9%
better get xmm

>> No.22122238

Its over its fucking over

>> No.22122315

>>22122238
it hasnt even begun

>> No.22122393

>>22122089
>>22121753
>>22121365
apparently its live
https://www.digifinex.com/en-ww/trade/ETH/STA

>> No.22122436

Rough times, hard hands. If you survive this there is lamboland awaiting.

NEVER SELLING

>> No.22122598

If I'm trying to withdraw some ETH in coinbase pro to flip on uniswap, should I be able to use my google authenticator app to verify the withdraw?
It's forcing me to use my mobile number and my mobile network is fucking around rn
Is that the only way they verify, with a text message?