Statera General Day 5 Based Thanos edition

Get a cold wallet, store the pass phrase in several offline locations, as well as memorize it.

make sure to have it autolock itself if its idle for 5 minutes, that will make it a little safer.

What do you guys mean? Just woke up

All that bagholding of xrp and vet got them ripped

6 cents
>6 cents
6 cents
>6 cents

When taking profits with this what is the best token to use? DAI? USDC? ETH?

Next dump that occurs, don't panic, you're just letting the whales accumulate even further.

>taking profits on day 5
Cringe

Statera is mooning to the point some anons don't feel safe with Metamask for holding such big amounts. We're at 6 cents user

SIX
FUCKING
CENTS
I got in late at .032, but It's now a 2x baby

Does anyone know when wallets will show price?

mine already does, but it's lagging behind

damn nice. it's raising too fast I was gonna transfer money to my bank today and buy more ahhh

>this is only day 5 for most of you but only 3 for me and I cannot think of anything else but STA now
>literally told my friends and family that positivity might come back into our lives
>reading through all the threads I missed to see how the discussions evolved, to see if they were issues or problems that legitimately needed to be addressed like the lack of marketing or low liquidity at the beginning

This is a fucking wild ride. Only put $400 or something after the Fredrick FUD and I've made immense gains. This is going to the stratosphere

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I usually take them in eth since its the most usefull for me

Sooo... what’s to stop this from tanking? How is this gonna work out in 2 months when the balancer doesn’t have enough sta to keep the 20% value cause it’s worth nothing and there’s not enough coins

I would suggest ETH because of potential bullrun, but who knows.

You mean on metamask?
It sometimes shows and it sometimes doesn’t. Don’t rely on it.

Been thinking about buying for a few days now secretly hoping it will crash...

An hour ago we had a big dip from 6 cents to 3 cents because of some weak hands taking profit or perhaps swing traders. Unfortunately for them, Thanos pumped the price back up to 6 cents in a mere 45 seconds. Topkek.

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It won’t. Just get in now and sit back and enjoy the ride

Price would skyrocket.

>balancer doesn't have enough STA
What the fuck do you think the balancer does retard

But he has a point, if the pool runs out of STA then the distribution won't be equal anymore right? STA would end up being more than 20% of the pool

Lol why would it run out of STA? Thanos just buys more STA to keep the balance. Thus burning tokens thus decreasing supply thus increasing value.

STA literally can’t run out in the pool. Based Thanos literally just buys more.

We need to get this listed on coinmarketcap and get some eceleb to shill it to people

>6c again

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Why would the pool run out of STA? How would that even work?

If there's not enough STA in the pool then Thanos just buys more

It’s impossible to run out. Pool will always buy and sell to keep 20%. Even if LINK rockets to $1000

New ATH incoming.

He will buy 2 STA from me at $10,000 each before he runs out, and i‘ll happily sell them to him

t. soon Top 50 wallet

What wallet are you using? Trust wallet does show a shitty price graph and supply but it doesn't calculate holdings worth

seems like people are selling to get initials out around this price range. Im thinking about doing it too

That's the beauty.

In a bull market, LINK goes to $1000

a SHIT TON of STA is then bought up by the pool.

we don't even need STA to go mainstream to make it, Thanos will take care of everything

FUDders have started concern trolling now

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>if sta loses it value then thanos will sell other coins for more sta to keep the balance
>there is no more sta to acquire because it’s all been burned through finger snapping
>..... ?

Am I bring stupid or what? How’s thanos gonna sell eth for sta when the sta price drops if there’s not enough coins to do it. Yes I’m talking a lot longer down the line after everyone’s cashed out, but still. I’m not getting this part

Based numbers. Optimistic to say the least

how does thanos get the funds to buy?

STA is divisible by 18 decimals so thanos could buy 0.00001 for a 1000$ if he would need too

Ok, so while I feel like this is a golden ticket, what would it realistically take for this thing to go under?

He sells the other assets he holds

Idk if its weak fud or just anons that are trying to take the leap of faith but have one last question. If its the latter here you go:

In the beginning, all of the 5 tokens were worth $1000, so the pool size was $5000.

Now, say all other 4 tokens remained at their old value ($1000 / token), but STA did a x10, so STA value in pool is now worth $10,000.

That's much more than 20% of the pool, so the balancer must balance it out.
Note that now the pool size is $10,000 (STA) + $4000 (other 4 tokens) = $14,000.

So, to balance it out, each token should now have value of $14,000 / 5 = $2800.

To reach this goal, the balancer must sell the excess STA, and that would be $10,000 (current worth of STA) - $2800 (the new target worth of STA) = $7200.

The balancer (Thanos) sells the excess on various exchanges to which it has a trading bot interface to. Currently, it's only Uniswap.
Note that by selling, it performs transactions, and thus burns tokens, so the supply also decreases!

So, now that the balancer has sold the excess STA, it obtained $7200 dollars (say, in DAI coins).

Now, to balance out the other 4 tokens, it must buy $7200 / 4 = $1800 worth of each token.

So, it buys $1800 worth of ETH, $1800 worth of LINK, etc.

In the end, it's all balanced at 20% for each token - all 5 tokens are now worth $2800 dollars each!
And the total pool size remained at $14,000 dollars - so no value was lost!
Plus, you also get the trading fees, which are added to the pool!

That's the magic of the balance pools."

FUD'ers haven't even read the OP or how the balancer works. If it isn't FUD, it's just straight up retards. Zig Forums doesn't deserve this token.

what i mean is, what if people pull funds from the other holdings?

It'll be much more. I just threw the rest of what I had in at the dip below 5 cents.

Based, welcome to the top 50 (soon)

So is 6c too late to buy in, be honest with me anons

Do you even maths brah.
You're saying it cannot keep 20% when the price would be worthless, how does that even make sense?
If STAs price is in the dumpster, it would be more than easy to maintain 20% because that's what the coin started at. It's an index fund backed by 4 big coins. 2 of them need to fail along with STA for it to be a real concern.

You can’t “pull funds”. The pool is owned by the contract, and ownership of the pool is represented by the BAL token or whatever the fuck it is.

yeah pretty much, probably a lot of retards who dont know how to read but if you show them they will jump on the train.
pic rel

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This coin is still displaying incorrect data on normie tracking sites. You need to juggle between a github for volume and swap pairs for price in real time. the real FOMO has not even begun user

If Thanos buys more it skews the pool even more in favor of STA, completely breaking the 20% distribution

If STA keeps mooning and the supply is burnt, eventually the pool could run out of STA. When STA pumps, the balancer sells STA to re-distribute to other coins (keep the 20% distribution). If STA keeps pumping, it could eventually run out of STA to sell (unless enough people add their STA to the liquidity pool I suppose).

This. Imagine it with real data on a real exchange.

based trips
cool user just wondering how the bot manages its own funds to buy and sell other funds in case of dumping to maintain other funds

Is it worth adding any of my stack to the liquidity pool? I have about 20,000.

i dont know if you are lowkey fudding or just dense but read this if you are genuinely curious.

The pool was balancing perfectly even at STA launch, when it had 38M inside of it (STA value basicly 0). It's 1% burnt on evey transaction, with 18 decimals.

I might be misunderstanding something but currently the pool has 367478.56 STA
pools.balancer.exchange/#/pool/0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682
Let's say STA keeps on pumping, the balancer would keep on selling STA to re-distribute. Eventually, if the pump continues then the balancer would run out of STA to sell. At that point, I don't see how it would be able to keep the 20% distribution unless people are willing to add STA to the liquidity pool

damn can this dip please? i wanted to buy 5k more but dont want it to end up running me over 300

Big pool -> Thanos has enough value to buy STA if it drops, to maintain 20% in the pool -> STA price rises.

Now, about the pool size - it's literally growing because STA is growing, other cryptos growing because of bullrun, and more investors join the pool because of it's benefits (read thread and explanation to know why).

This is an index fund with 2 involvement options, which both raise the value of STA: buying STA directly and getting more volatility and higher risk/reward ratio, or joining a balance pool, and getting less risk, but more certain gains over time.

You can combine these strategies by holding part of value as STA, and part of it in the pool.
This approach is highly recommended and explained in these threads.

And no matter which approach you choose, you raise the value of STA.
Unless, of course, you withdraw from STA system completely (sell STA and withdraw from pool), which is not advantageous to anyone, because why hold LINK, BTC, ETH in your wallet, when you can hold them in the pool and enjoy much higher gains and less risk?

Less than 1000 wallets. Less than a week old. No user. You are still in the early phase. Accumulation phase hasn’t even begun. Then after that is fomo phase. You’re still early as heck.