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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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21176880 No.21176880 [Reply] [Original]

WTF WAS THAT?!!!

>> No.21176992
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21176992

That feel when the refund hasn’t even hit yet

>> No.21177021

>>21176880

Join convo here: >>21172649

>> No.21177073

>>21176880

that was me, felt bad not holding STA fpr a while, thought I'd get back in the game before the balancer refund

>> No.21177174
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21177174

>>21176880
i bought 500 STA

>> No.21177219

>>21176880
Statera being Statera. Get used to it, fellas.

>> No.21177388

>>21176880
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.

So why is it low at only a 5-8million mcap right now?
STA was used by balancer labs and someone hacked the % exploit from balancer. This was balancer's fault but they used STA. Balancer and STA are refunding this.

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%.

>> No.21177745

it's the sound of making it my friends

>> No.21178150

>>21177745
you know what was it

>> No.21178211
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21178211

>>21177073
STONK? STONK STONK STONK

>> No.21178460

>>21178211
Gonna pass

>> No.21178496

>>21176880
I'm in.

>> No.21178497
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21178497

>>21178211
STONKers BTFO

>> No.21178540

>>21176880
Just adding to my stack

>> No.21178607

>>21176880
We've already burnt a million STA since I bought in a bit over a week ago

>> No.21178614
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21178614

>>21176880
>0.116

>> No.21178659

>>21176880
A STATERA JUST FLEW OVER MY HOUSE

>> No.21178722

>>21178614
>ID
2 euro EOM CONFIRMED

>> No.21178725

>>21178659
MINE TOO WTF??

>> No.21178757

>>21178722
211787_22_

2.2euro eom confirmed

>> No.21179132

we gonna make it frens

>> No.21179224

statera can reach crazy numbers as the months pass and more tokens are burned.

>> No.21179279

whats market cap

>> No.21179340

>>21179279
$10,214,782