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File: 132 KB, 1280x853, statera.jpg [View same] [iqdb] [saucenao] [google]
25337798 No.25337798 [Reply] [Original]

alright faggots, it's time we have a serious discussion about this shitcoin.
this has got to be the most shilled project on /biz/ by far. i can't go a single day on this board without seeing multiple threads and references to it.
i've heard all of the schizo arguments: its the introduction to a new paradigm, it has first mover advantage, it has a limited supply, etc etc. but all i see is a dogshit, token thats literally not needed.
It LITERALLY has no value or function, unless you expect that you'll be able to sell it to somebody else for a higher price in the future. Is that not the textbook definition of a ponzi?
I see you faggots getting excited when it pumps too. but it has a well-recorded history of pumping only to dump on bagholding retards later. This has got to be the biggest embarrassment in all of crypto. I don't understand how you retards keep buying bitcoin.
pic unrelated

>> No.25337871

>>25337798
I agree that statera is shit OP. Bitcoin is a real store of value.

SCAMTERA.

>> No.25338343
File: 1.64 MB, 1920x1080, 1.png [View same] [iqdb] [saucenao] [google]
25338343

>>25337798
Kek $1.38 EOY

So uhh, we've got about a day left.

>> No.25338462

>>25337798
Statera is an astroturfed shitcoin. It has no actual utility or value. Try to get a statera fag to respond to this point without an ad hominem or deflection

1) a premined erc20 token sitting in a balancer pool is not use case, you can easily make a balancer pool with just wbtc, snx, link, eth and leave out statera. Those pools already exist. Statera did not invent balancer pools nor is it required to use them.

>> No.25338612

>>25338462
FUCKING FAGGOT

>> No.25338647

>>25338462
Imagine still not getting it when every single STA thread will very clearly tell you why a pool with wSTA is better than any pool on earth without STA. Even if you don't want to know why, why would you then confidently broadcast that you dont get it?

>> No.25338792

>>25338647
A current bagholder second guessing himself because the price dipped again.

>> No.25338861

>>25338462
It has no usecase or utility now.

Long term viability is based on STA becoming a store of value similar to what BTC is now. BTC was conceived as digital currency; now, it solves no problems other than being a digital gold or whatever.

>> No.25338872

>>25338612
Ad hominem

>>25338647
Deflection

>> No.25338890

>>25337798
Tried to buy this earlier and couldn't due to lack of liquidity. Wtf anons?

>> No.25338898

>>25338861
If that is the investment thesis for statera, its over. A premined ERC20 shitcoin is not flipping Bitcoin and is certainly not storing any value.

>> No.25338931
File: 26 KB, 713x611, pepe-laughing-smoking.png [View same] [iqdb] [saucenao] [google]
25338931

>>25338462
Not gonna spoonfeed you. Look at the whitepaper on the site, go to bitly /stavids and dyor before you whine about it having no utility or value. It's fundamentally a long-term coin, so even if its use case isn't apparent now, it will be in the future. That's why shills are working overtime.
20 minutes out of your day. That's all I ask

>> No.25338953

>>25338890
adjust your slippage up a bit and buy a whole number of tokens. should have no problem

>> No.25338975

>>25338898
>id
>b8
kek

>> No.25338992

>>25338890
Slippage set at 1.1% or higher and it’ll go through

>> No.25339000

>>25338931
I’ve already looked. It has no function or utility. Saying it will in the future is a cop out. Theres nothing to spoonfeed, everything I said is 100% true.

>> No.25339086

can someone please stop Abu from writing/announcing for the project. just let him market or whatever. every time he speaks his broken English makes the project look so pajeeted. makes me want to dump my bags.

if any core team members are reading this, please do something

>> No.25339106

>>25338975
Deflection

>> No.25339151

>>25339086
Lmao, you should look at STArgazers. He's even worse in there. And it seems like he's the one in charge now. STA is fucking doomed, Abu can't fucking speak English.

>> No.25339207

>>25337798
>>25337871
>>25338462

Its not your fault it has attracted an army of bottom feeding retards who don't know wtf it is and just like the memes.

Statera is a Volume Magnet for any pool it is put into, an Active Arbitrage Generator for all the bot fags, and a naturally deflating tokens for the people who are too dumb to do anything other than HODL.

Those of us who remember the insane amount of volume the original pools were getting because of all the Arb, and the insane APYs we were getting still know that this thing is the real deal. Hell the reason it crashed in the first place was because it was literally too powerful for the platform that it was built on, the exploit was a flaw in the Balancer / Flash loan system, not the token itself. It did exactly what it was designed to do, ie generate so much Arb volume that it finally attracted big players, the insane spike and subsequent crash was the equivalent of a rocket exploding into a gargantuan fireball 30 seconds after liftoff. You can argue that it never would have gone to the moon, but you can't argue that the thing wasn't powerful.

The wSTA token and having another layer of Arb between STA itself and wSTA via the pair pool and the wrap/unwrap command only makes the thing more powerful, as well as add in the desired layer of stability. It IS going to launch again, of that I have absolute zero doubt, the question is will the pools be able to handle the inevtiable whales that will attract. Hell, maybe all this POS is going to be is just go from crash, to slow rebuild, ramp up to whale-bait, and then moon spectacularly before inevitably something breaks and it all goes back down, IMO that's still pretty cool so long as you have stones for the ride.

>> No.25339212

>>25339151

many of us have a fair amount of money invested and it's just not good enough. we've got one shot now with this marketing campaign line-up (afterwards our funds will be dried up). Abu is doing more harm than good everytime he starts typing in a public forum.

>> No.25339262

>>25339207

what was the APY like when Stanos was at this prime, and how far off are we in terms of liquidity in getting back to there?

>> No.25339279

>>25339207
based and spoonfeed pilled.

>> No.25339365

>>25339262
i believe there was 500k liquidity but i am not sure of the apy

>> No.25339375

>>25339151
The group you have to get 30K statera to join? The one from the speculation channel?

>> No.25339473

>>25339365

Thanks. Can someone big brained explain how this all works? Right now we have like ~170k liquidity but the APY is just meh. Is there a linear relationship between liquidity and APY or...?

>> No.25339490

>>25339365
>>25339212

was 30-60% on average in the golden age, up to 120% right before the boom

>> No.25339563

>>25339375
Yes. You should see the pitiful, paltry attempts at the "marketing" campaign going on in there. All of these STA moonbois who keep spouting "HUGE MARKETING PUSH AFTER DASHBOARD RELEASE" are in for a rude fucking awakening...

>> No.25339627

>>25338462
Anon are you familiar with the concept of an index fund?

Index funds are made better when more people buy into them. That is the rudimentary objective of Statera. The deflation and tokenisation aspect allows for constant arbitrage between pools while driving the supply down. This means with a constant or building demand price will go up. It’s more or less meant to work like a negative feedback loop. Hope that clears it up a little buddy.

>> No.25339648

>>25339563
How do I get added. I recently bought 100K and I really didn’t do enough homework.

>> No.25339720

>>25339563
You convinced me. I'm getting out.

What do you recommend instead?

>> No.25339754
File: 614 KB, 676x802, 1609313871055.png [View same] [iqdb] [saucenao] [google]
25339754

>>25339648

message a team member in the tg.

guys, the "team are incompetent" fud has some merit that we can't deny. can Stanos revive this project in spite of it due to its insane APY that will attract attention on its own? tell me this project has a future please...

>> No.25339756

>>25339720
$ROPE
you'll need it soon

>> No.25339799

>>25339756
You're an asshole, but deserve a solid (you) for the hearty kek.

>> No.25339809

>>25337798
Seriously. I’m tired of seeing this shit on the front page. It’s a god awful project and bag holders just won’t let it go. Why this one? There are so many other projects out there to shill. Just move on biz

>> No.25339864

>>25337798
Its simple. Biz was getting too reliable with overly shilled projects. STA catches those sheeply retards.

>> No.25339931

>>25339627
Ignore this brainlet who has no idea what index funds are designed to do.

STA is nothing like an index fund... it’s been crabbing for months while BTC and ETH have mooned.

>> No.25340042

>>25339207
Hate to break it to you buddy but introducing friction into a system so it can be arbitraged is not a plus, it is a negative.

>>25339627
Statera IS NOT an index fund. Statera tokens sit inside an index fund of other ERC20 tokens. The index fund concept was not created by statera, anybody can make an index fund on balancer without Statera or invest into one that is already created. Statera is shoehorned into an index fund in an attempt to give it value, however, if you just bought an index fund of wbtc, eth, snx, link you’d get 5% more of each of those tokens by skipping the statera shitcoin. If statera didn’t rise in tandem it (it hasn’t) it sucks value out of the index fund and gives you larger positions of Statera and less positions of the others.

>> No.25340151

>celebrate bitcoin as a store of wealth even tho it’s mostly owned by whales and institutions hoping to flip bags on normies
>hate on a more decentralized coin with a better use case and higher TPS than bitcoin

Imagine fudding a coin up 5 million percent in 7 months and double 2 weeks ago.

>> No.25340255

>>25339931
Statera isn’t an index but functions within them to create price pressure during arbitrage. A truly de facto deflationary currency could not exist before crypto, so it’s kinda a brain-bending coin with high iq use cases. Only problem is that people don’t read white papers or understand economics on here. Ask the average Chainlink user why a minted ER677 decentralized Oracle blockchain agnostic token is worth more than the Ethereum’s native token and you’ll get a Pepe with a dollar sign in his eyes.

>> No.25340257

STA is incredibly based:

The rewards are automatically put back into the pool to earn even more. There’s an additional airdrop of BAL tokens which you can claim every Tuesday. You might have to wait until next week though.

You pooling provides liquidity for all trades on Balancer involving WSTA/SNX/LINK/BTC/ETH which in turn will earn you fees as reward (mentioned earlier). Additionally, when one of the tokens go up, there is an autobalancer which will sell the coin that went up to buy more of those that didnt go up yet. This happens constantly and ensures a stable price growth, like an index fund. Pooling is basically believing in the longterm success of crypto in general which is hands down looking very bright.

On Uniswap the APY is lower, and you can only pool a maximum of two assets, while on Balancer you can have multiple assets in the pool. This reduces risk in general. The way Statera works is that for each transaction 1% is burnt. This means that whenever the autobalancer has to correct ratios and has to buy or sell wSTA, this will push price up or down for wSTA. This affects the Uniswap wSTA/STA pool where the burn can occur safely. The trick that makes Statera work so well is that after the burn, the ratios are in imbalance again, which means another instance of re-balancing needs to happen and so on. This means that volume increases, which means that so do your fees earnt. That’s why Sthanos is so powerful compared to other liquidity pools.

Not only that, the deflation means that on a macro level over time, Statera becomes more scarce, pushing the price up if demand remains stable or grows.

We have seen as high as 1000% APY when we pumped the last time. This means that you would be earning whatever you had pooled x9 over the course of a year from fees alone, not even counting for price increase. See now why DeFi will be a major player in a few years? Statera is exactly what DeFi stands for and is only getting started.

>> No.25340306

>>25340257
You are describing how balancer pools work, it has nothing to do with Statera LMAO. All balancer pools do what you have described. Statera is just a shitcoin which was put into a balancer pool. There is NOTHING unique here.

>> No.25340349

>>25340151

The problem for STA is that BTC is already established as the only investment needed in the “coin as a primary store of wealth” category.

STA claims to have first movers against its competitors but it’s really competing against BTC. Why invest in a coin with no utility like STA when you can just invest in BTC?

It COULD carve out a niche but you’d need a competent team that can drive adoption (which STA lacks).

>> No.25340369

>>25340306
Uhhh do you think the deflationary nature of it has nothing to do with the pricing pressure? Literally sit back and think. You’re like halfway through the equation. You can be a millionaire if you solve it. Seems like you have already and are trying to fud, desu.

>> No.25340401

>>25337798
Most shilled? It’s the most fudded and undervalued.

>> No.25340411

>>25340306
OMG you're so fucking new

>> No.25340618

>>25339799
Reddit, go back to it.

>> No.25340654

>>25339809
Front page? Holy shit, nothing has made me want to sell more than seeing Reddit fags in these threads.

>> No.25340692

>>25339809
>front page
go back nigger
>>25340306
l2read retard

>> No.25340823
File: 146 KB, 828x1280, pVyOozf[1].jpg [View same] [iqdb] [saucenao] [google]
25340823

>>25337871
>>25338343
>>25338462
>>25338898
>>25339000
Stop seething and get in before the biggest pump in STA history.

>> No.25340841

>>25340306
I refuse to believe youre not a STAchad fudding. You fundamentally do not understand WHY sta is added to the pools, and why thats important.

>> No.25340868

>>25340042
>introducing friction into a system so it can be arbitraged is not a plus, it is a negative.
Its not a negative when wrapping/unwrapping and obvious arbitration to keep them pegged takes place, and all of those are deflationary events.

>> No.25341156

>>25340401
read the whole post anon. To the very end

>> No.25341168

>>25340042
I agree with you, in a closed system as to speak. You you are not taking into account outside players. Crypto is all about chaos and STA is an autonomous chaotic disruptor by itself.

>> No.25341613

>>25341156
Yeah no thanks. Saging your weak fud.

>> No.25342212

>>25341613
The thread isnt even about STA and OPs a STAchad

>> No.25342648

>>25340042

what part of what I described did you interpret as "friction"? The poolers win bc they have more fees, the Arb fags win because they have more arb, and HODLers win because more demand for their shitcoin that subsequently be less and less of.

If by "friction" you mean that someone has to go make a swap or unwrap a token to get an Arb opportunity you are a retard.

>> No.25342677

>>25340306

that person was one of the bottom feeders I spoke of see my post:

>>25339207

>> No.25342867

Only those who were here for starteras bull run was also here for esh/ghost and that weird time in crypto history when shit coins blew up for no reason, will know why statera is dead and the only people buying into it are those reading the residual posts from the times when statera did a 10x in one day. I think starera only had like a 5 day run where you can make serious money sitting on it. Now you can barely do anything on swing trades. I remember pissing off so many people when I broke the news to them that 4chan/biz readers were the only ones buying it and that the only reason people made money was from shills. I made 7x off this coin like a few days after ESH shit the bed.. but I was smart enough to know that it wasn't going to be an actual project.

>> No.25343063

>>25342867
You do not understand statera at all and are comparing it to ghost which has 0 use case other than competing with monero but doing it significantly worse with no added construct