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

/biz/ - Business & Finance

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21227873 No.21227873 [Reply] [Original]

One coin can make a difference.

>> No.21228002
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21228002

Mfw swapped all my LINK for STA this morning (10 hours ago)

>> No.21228046

Is $100 eoy understatement?

>> No.21228071

>>21228046
$1000 EOY at least

>> No.21228077

one. fucking. coin. Our chainlink. We are newfriends. newfriends that will be rich as FUCK in 3 years.

>> No.21228084

>>21227873
But now how to avoid the tax man. I hate him so much.

>> No.21228104

>>21228046
Think about when the burn has eaten it’s way down so there’s only 1M left in circulation and the balancer pool is 5M plus.

It might be well over 100. Maybe in the thousands

>> No.21228181

Why are the fees 5x from a week ago!?

>> No.21228191

>>21227873
10 USD EOY IS FUD

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 a 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 (https://medium.com/@stateraproject/earn-over-900-returns-on-your-ethereum-with-statera-delta-dfbcc7636627))

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%.

If you burn 1% at a time it take 450 events worth of the supply burn to lose 99% of the original.

So we need to get to ~45 billion dollars worth of volume from now to get below 1 mill supply. At the volume (which is growing in its own right) at a top 50 coin then we will be at a supply of 1 mill STA tokens in 2.5 years.

In 2.5 years we 100x from token burn alone. We 50x from mcap growth as we are only at a 10 mill mcap as of 8/7/2020. And we get 2x yearly from fees as passive income or compounded STA tokens...

This is without a bullrun...

And the only thing stopping it is if ETH, BTC, and LINK all die. STA is a top 10 coin by 2025. It is finance 2.0's answer to the blue chip index fund and the personal hedge fund manager.

>> No.21228338

Been away for a while. Did the balancer funds get refunded?

>> No.21228439

>>21228338
Not yet...

All of this is BEFORE the refund
This is BEFORE the CEX/DEX listings
This is BEFORE balancer listing on CB
This is BEFORE the LINK/ETH pump pulling the price up

>> No.21228517

>>21228071
this sounds more realistic