STATERA OFFICIAL DECLARATION ABOUT SWAP FUD

[Anonymous No.19569345]

To clear the FUD and doubts for those who wants to know how it all began.


Scott:
So there were 4 tokens created

STA v1/2/3 and STAC

When I read up on balancer I thought it was such an amazing idea and what I had been waiting for, for other projects and had been testing an using it since launch. Then on their discord they were talking about thinking of cool token ideas that would work on this multiple token pool contracts. So I thought a deflationary token inside a rebalancing pool would be amazing as I had been watching it work in action and could see how it could increase the burning

Created STA v1 and told Abu about it who had been asking me for awhile about ideas on how to make deflationary tokens work. I made an error on the maths and weights on the first go and subsequently someone bought and sold for a sweet profit. So then, same day did STA v2 the real one that started all of this. Got the weights right, Abu I think wrote about it here and then did some article and nothing happened. Then all of a sudden it got on4chan around a month later and then it's started moving

Then issues started popping up everywhere, issues with balancer, issues with Uniswap, with the main one being that users could not sell STA which really made this look bad. Everyone was blaming us, so I thought I could come up with a quick fix whiles we waited for uniswap to fix the problem which they said could take 2 weeks

In hind sight wish it never this route but the short-term solution, which ended up creating way more confusion, was to create STAC. The theory was users can swap STAv2 for STAC and then sell it on Uniswap as it was not a deflationary token. The swap would take place using 0x relays which have no problems with a deflationary tokens.

Problem which now took place outside of confusion was users starting buying STAC which was not the intended purpose. Everyone was asking which is the real one, which is better.

[Anonymous No.19569351]

>>19569345
PART 2:

Scott:
So decided to make the third and subsequent final STA, now knowing that selling works fine on Uniswap v1 and the guys were working on the Uniswap v2 fix (which was fixed yesterday)

But now this 1:1 swapping. How could I do this when there were 2 tokens STA v2 and STAC with both having different values and liquidity.

So took all liquidity, added it to balancer. Looked at the pricing of the 2 and worked out that all liquidity which was represented as BPT (balancer pool) token be airdropped to all holders of both STA v2 and STAC

Doing the maths it was worked out that 88 of the 100 BPT was airdropped to STA v2 holders, and 12 BPT to STAC holders. Snapshot was taken, excluding dev obviously. Airdropped took place and the new STA V3 was now on Uniswap and inside a balancer pool in the hands of around 450 users.

The idea was to be as fair as possible and I do think this was the most fair way of removing STAC and the confusion and focusing on what this idea was all about and increasing the efficiency of this self-propelled system. Lots of people who received this airdrop might not know it actually has value and how to 'unlock' it and the underlying assets in WBTC / WETH / LINK / SNX / STA.

[Anonymous No.19569387]

>>19569351
PART 3 regarding ASH and BURN Airdrop:

As for ASH and BURN issue.
I have mentioned that it was done 1:1 in usd value.
Meaning if you holding $10 worth of Burn as at the time of release, you get the same amount in STA.

The swap is available for you on @TipGramBot now.

as at the time BURN and ASH was officially commissioned, the price for both was $0.0009.

However we made it $0.001 against STA $0.01 as at the time of Activating the swap on tipbot.

[Amoonymous No.19569420]

Thanks for the transparency and being open about the situation.
Clearly shows that the Devs care about the project.

[Anonymous No.19569472]

Those devs are legit af.
The only way is up now......

[Anonymous No.19569477]

Bla bla bla pile of shit bla bla bla pile of shit

[Anonymous No.19569480]

Scott is based

fud is baseless

[Anonymous No.19569489]

It was handled really well. Fair to everyone and bullish that they care about us.

[Anonymous No.19569506]

>>19569477
Retard, just comment the above in stead of your blabla. This is 4chans problem, ppl like you

[Anonymous No.19569508]

I'll admit I was worried about the lack of transparency and (seemingly) endless versions of Sta, but that explanation makes perfect sense.
Scott seems like someone who's got his head screwed on.

I've got a 20k bag of Sta, and am definitely holding for the long term. I'm excited to see where this project can go.

[Anonymous No.19569523]

Everyone replying here is just coming to praise their lord from the telegram echo chamber they use to pump the price.

[Anonymous No.19569525]

This is what I like to see!

Bought back in.

[Anonymous No.19569526]

Kek. Market selling.

[Anonymous No.19569531]

>>19569345
Hahahah gtfo

I was there since day 1. The absolute sheer incompetence of you and Abu spoke volumes from then. Every time there was a fuck up (from YOU) you both went quiet and allowed extreme fud in the channel. Every time.

You two had the chance to make this way more successful than it has been but no, you're too incompetent and suck at communication. You made your bed, people will remember you and the stain on your reputation

[Anonymous No.19569552]

>>19569523
Obviously. It's a proper cult in there now.

This 'transparency' should have been communicated in chunks as and when it happened. Fucking moron dev lolol.

[Anonymous No.19569571]

>>19569523
Ah, no. It's important to tackle the FUD niggers trying to lower statera's price so they can get it cheap. These fudders and their baseless arguments deserved to be addressed through such threads. That's all.

[Anonymous No.19569583]

Buying back in now. I was pretty pissed off about the whole swap thing cause it made me miss out on the STA v3 gains. I would have a shit ton of money without that stupid fucking swap. Anyways, this explanation makes sense. Buying back in now.

[Anonymous No.19569594]

Looking at the FUD and the chart, i hopped on the STA train. Bought my self 20k STA at 4c, do you guys it's a good entry?

I know it's a longer hold, but do you guys think 4c is a good buy short term?

[Anonymous No.19569604]

Tl;dr
STA is going to dump even further.
Why? Because I just went all fucking in at 4 cents.

It can dump now. Cause until I don't sell, it will continue to dump.

Been riding since day 3 thread. Long way ahead of us.

[Anonymous No.19569646]

Fresh idea. This coin is unique. Should go up imo

[Anonymous No.19569655]

>>19569594
20k x (0c - 4c) = - 800 usd

[Anonymous No.19569710]

>>19569523
WOW man, you screened telegram message and spew nonsense again.

You FUDers whanted explenation, you got it, and cause you are a FUDer, you will just move on to next FUD blabering. Leave if you don't want anything in STATERA, none is holding you.

[Anonymous No.19569727]

10x soon. Lets go sta

[Anonymous No.19569739]

I’m not a “crypto guy” i just dabble and i herd about STS and got in. I was on my way to sleep when Ben jumped in the chat asking questions about what happened with the initial version and why no 1:1 swap etc... i can agree that some of the group members were not happy about Ben and his comments and may have been a little rough to him initially but i believe some of that was rightfully so. Abu however Was not that way , I thought he was respectful and went out of his way to let dude know that he would be transparent ... i woke up and read the whole exchange and even Scott’s response and I think both Scott’s and Abu handled it well and did the best they could to outline the series of events and why everything happened the way it did. I thought Abu was fair in his criticism of Ben initially bc he was basically saying he was disappointed that he didn’t come to him first and ask those questions before bringing it up to his telegram group . The way he did that led to a ton of people calling the coin a scam which may have had a negative impact and honestly i can feel what Abu was saying there bc if i were him I would feel the same way.. I’m not sure if Ben stayed on to get the entire response but I honestly don’t care.... i think the admins did more than they had to to try and be transparent and even engaging in that convo out in the open in the group showed a level of transparency I personally have not seen in any crypto project i have been apart of. It’s my understanding the developer reached back out to Ben personally to apologize if he offended him by anything he said. I hope Ben can accept that and that apology can be the start of more convos bc Ben does have a reputation in the space and I hope he can see that these developers are legit and handled the situation the best way they could

[Anonymous No.19569827]

>>19569594
It might still drop a bit lower than 4c, but you're very close to the bottom.

[Anonymous No.19569849]

I’m not a “crypto guy” i just dabble and i herd about STS and got in. I was on my way to sleep when Ben jumped in the chat asking questions about what happened with the initial version and why no 1:1 swap etc... i can agree that some of the group members were not happy about Ben and his comments and may have been a little rough to him initially but i believe some of that was rightfully so. Abu however Was not that way , I thought he was respectful and went out of his way to let dude know that he would be transparent ... i woke up and read the whole exchange and even Scott’s response and I think both Scott’s and Abu handled it well and did the best they could to outline the series of events and why everything happened the way it did. I thought Abu was fair in his criticism of Ben initially bc he was basically saying he was disappointed that he didn’t come to him first and ask those questions before bringing it up to his telegram group . The way he did that led to a ton of people calling the coin a scam which may have had a negative impact and honestly i can feel what Abu was saying there bc if i were him I would feel the same way.. I’m not sure if Ben stayed on to get the entire response but I honestly don’t care.... i think the admins did more than they had to to try and be transparent and even engaging in that convo out in the open in the group showed a level of transparency I personally have not seen in any crypto project i have been apart of. It’s my understanding the developer reached back out to Ben personally to apologize if he offended him by anything he said. I hope Ben can accept that and that apology can be the start of more convos bc Ben does have a reputation in the space and I hope he can see that these developers are legit and handled the situation the best way they could anons??

[Anonymous No.19569927]

Realize most FUD is being planted by self interest of individuals or groups with small bags or because they see this as a competition for their vaporware scam tokes such as PAMP and UNIPOWER groups. Mind you they have a lot of VPN enabled pajeets on their disposal because that is their business model

[Anonymous No.19569961]

>>19569655
What the fuck is this math you pleb

[Anonymous No.19569970]

Why would the team respond to fud on /biz. This confirms to me it is a scam. They are not focusing on their product but on finding excuses so simple anons keep buying the crashing coin so they can pull out more cash.

[Anonymous No.19570007]

>>19569970
Wouldn't you want to clear things up if a project you were working tirelessly on was slated? I agree, they could have just ignored it, but it shows they want to explain the process to people.

[Anonymous No.19570023]

>I'm sorry anons. Nobody is posting anything other than baseless FUD or delusional messages telling people to hold when 5cents became the new top. I'll leave. I genuinely believed in Statera but /biz/ and pajeets fudders killed this thing even before it could properly recover in my eyes. I hope that the next one will be made by people able to use communication to their advantage. I had fun. But now I must secure my profits before it's too late. See you around... For the next moon mission.

Looks like even the whales are giving up. My words are getting through. Just look at the price. LOOK AT THE PRICE

[Anonymous No.19570042]

>>19570023
Try again bobo. Top wallets are not selling. But rather accumulating.

[Anonymous No.19570049]

>>19569970

You weren't around for all the previous versions at day 0? Some anon found STA v1 and gave it to us. You should have seen the gains, all the way through to V3 and up to whatever it his, 0.15 iirc. It was insane, the telegram had no idea what was going on, there wasn't anything like the pump on /biz/ for years. Websites couldn't even keep up. The admins in the telegram were asking where everyone was coming from, and it was /biz/.

Pretty sure 90% of the wallets are from /biz/. Why wouldn't they make a thread/post for us. We're the clientele lmao.

[Anonymous No.19570059]

>>19569531
You weren't shit like you aren't shit now. You are type of people that give more transparency to comb token than XRP which is meantioned by Monetary Fund. GTFO

[Anonymous No.19570075]

>>19569970
Idiot, I pasted from official medium post and annoucment. DEVs stated officaly they will never post on 4chan on reddit only offical STATERA channels and social media.

Go shit in the streets idiot

[Anonymous No.19570078]

>>19569970
Lol dude.....really?

Lets say its 100% legit, even than you fudders wil fud, for different reasons, you have no life, you missed the boat, wanna buy cheap or whatever. Its digusting. Im done with 4chan, although i read about this beauty project here first. Thx for that

[Anonymous No.19570081]

>>19570075
>>19570059

All FUDers are just getting more stupid and desperate.

[Anonymous No.19570093]

>>19570023
It went from nothing to 15 cent, what did you expecting? Straight to 1 dollar you greedy fuck? This happens everyday and everywhere.

[Anonymous No.19570106]

>>19570075
No you fucking retard, the fud is being spread on /biz. Why would they care and post an article about this on their medium if they got such a good product they wouldnt even care.

Imagine sergey putting a statement on the 1000$ eoy fud on the chainlink medium.

You are scammed, admit it

[Anonymous No.19570124]

>>19570049
> Some anon found STA v1 and gave it to us.
I want to thank this guy for giving me life changing money....i remember he started with: ‘ you wanna get in early? This is early’
Ty ty ty ty anon for saving my life

[Anonymous No.19570144]

>>19570106
Because you fck idiots can crash the project by lying fudding etc all for nothing or for own win. Devs 100% not posting here, investors are.

You are digusting people. Fuck you ok?

[Anonymous No.19570161]

>>19570106
I got scammed lol. I made $90k in one week. Got a shitload left and i am not selling before 0,50 you piece of shit

[Anonymous No.19570169]

>>19570144
Boo boo baa baa

Get over it, better luck next time

[Anonymous No.19570260]

>>19570169
In fact i was lucky as fuck anon, i bought sta v1 and the final version in the first half hour and made huge gains i never had before And i have a nice % in the index fund. You go chase shitcoins now and pls dont come here anymore if you dont like the project ok?

[Anonymous No.19570269]

>>19570260
I’ve never seen a project where so many people want to see it fail.

[Anonymous No.19570303]

>>19570269
Chainlink

[Anonymous No.19570314]

You fudders all care about our well beings? LOL, PPL like you doing this for 1 reason, your own benefit.
i advise you to buy some sta and hold it for a while, dont look everyday at the price. But probably you just wanna make fast money! Good luck with that

[Anonymous No.19570345]

>>19569345
HAHAHAH HOLY SHIT is this really the devs??? Is this actually the true story of this coin? Did you really make something called STA, STA2, STA3, STAC and BPT....

>Created STA v1 and told Abu about it who had been asking me for awhile about ideas on how to make deflationary tokens work.
>I made an error on the maths and weights on the first go and subsequently someone bought and sold for a sweet profit. So then, same day did STA v2 the real one that started all of this.

Is this real? The amount of detail you go in to about how you committed fraud multiple times is fascinating. And I'm sure people kept buying it and you kept selling it. Maybe my favorite post on biz holy shit what a dumpster fire.

Do the devs have their own names/faces attached to this? Lawyer here, you should consider holding these devs accountable.

[Anonymous No.19570356]

>>19569345
I'm in since STA V1. I've never seen such based devs that 100% care about the life of the project and its community. I'm holding my stack comfy knowing that its backed by fucking based autistic Scott and prince Abu.

[Anonymous No.19570385]

>>19570356

[Anonymous No.19570391]

>>19570345
>is this really the devs
Nope, too bad huh

[Anonymous No.19570425]

>>19570269
Guess you never heard for BTC,ETH,XRP, Chainlink and all others hahahah.

But joking aside yeah, it should tell you something, explenations are here, audit of the code and official documentation and devs info are in works. stay or leave, their choice

[Anonymous No.19570485]

>>19570269
Its a good sign anon.

[Anonymous No.19570519]

>>19569345
>STA v1/2
>someone bought and sold for a sweet profit. So then the same day I created STA v2
>Then all of a sudden it got on 4chan around a month later and then it's started moving.

Whoah so we actually weren't early enough, the coin that was shilled to us was STA v2? so the second address somebody pointed out since then actually was functional and people made cash since STA v1.