/stag/ Statera General Day 5: What dump? Edition

>What does STA do?
A deflationary Index Fund token.
>Money --> STA --> Thanos burns STA --> Thanos balances Index Fund pool via arbitrage --> STA appreciates

>Won't whales fuck us?
>Money --> STA --> Thanos burns STA --> Niggerfaggot kike whales dump on us trying to swing/FUD/whatever --> Thanos BURNS MORE FUCKING STA --> STA APPRECIATES
Some kikes and pajeets here will FUD and dump no matter what. Thanos will humble them.

>Where can I buy?
Use THIS link to buy STA, none other. Look for "3DeED1" in the link. Check for yourself here: stateratoken.com/ --> "Trade"
v1.uniswap.exchange/swap/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

>Where do I see the price?
You can use the same link to swap as you can to view real time data. Just set the input to a stable of your choice like DAI or USDC.
v1.uniswap.exchange/swap/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

This is a Uniswap V2 link. Not ideal, but it's an option and useful if you prefer seeing a graph directly from Uniswap. Note that it does not have the same liquidity as Uniswap V1.
uniswap.info/token/0xa7de087329bfcda5639247f96140f9dabe3deed1

Coingecko is slow. Take note of the spike on 05/31/20. This is the actual start of STA V3.
coingecko.com/en/coins/statera

>Where do I put my liquidity?
noproxy.pools.balancer.exchange/#/pool/0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682

You can also put it into the Uniswap V1 pool, but you will be missing out on more rewards and incentives to come from Balancer: twitter.com/StateraProject/status/1267342879682371586 (embed) (embed) (embed)
v1.uniswap.exchange/swap/0xa7DE087329BFcda5639247F96140f9DAbe3DeED1

medium.com/@stateraproject/statera-an-indexed-deflationary-token-dfb818abd61d
>Link to new Medium article on STA, feel free to share
github.com/StateraProject
>Official Github
[email protected]

Someone fill the rest in, I didn't notice last thread already maxed out.

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Other urls found in this thread:

defipulse.com/blog/balancer-start-liquidity-mining-and-earn-bal-tokens-today/
medium.com/@stateraproject/statera-an-indexed-deflationary-token-dfb818abd61d
twitter.com/SFWRedditImages

Never selling.

>Let us examine Statera in motion. On every Statera transaction 1% of that transaction’s value is burned. Meanwhile, in the Index Fund portfolio, all five tokens maintain a 20% share of the portfolio’s wealth through the use of a smart contract portfolio manager. When an asset’s ratio increases relative to the others, the portfolio will re-balance itself by selling the token that has gained value. This is accomplished by utilizing arbitrage opportunities in the external markets for the imbalanced tokens. This means that if Statera’s price drops, the portfolio manager will sell the other coins for Statera. If Statera’s value rises, the portfolio manager will sell Statera for the other coins. This is good for a variety of reasons: the AI is a direct competitor to swing traders, discouraging the dumps and pumps that always come from that. Moreover, it also helps negate dumps in general, as it offsets the loss from a large sell order.

>Now we can see where Statera’s magic happens. By including Statera in the portfolio, Statera’s deflationary process speeds up, tokens are burned, and supply is reduced. As a result, the trading volume of Statera is naturally bound to increase. On top of that the portfolio acts as a liquidity provider and collects fees from the trading it conducts.

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Join us in here fren

Is metamask trustworthy if I want to hodl some STA?
Or should I move my STAs to a "colder" address?

OP here, use whatever thread you'd like frens, I just made this in case no one noticed.

also. So what's the pool? Benefits of adding to it?

Example:
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 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!
On top of that, Balancer is now issuing BAL tokens for all liquidity providers!
You can check what it is all about here:
defipulse.com/blog/balancer-start-liquidity-mining-and-earn-bal-tokens-today/

That's the magic of the balance pools.

Medium article:
medium.com/@stateraproject/statera-an-indexed-deflationary-token-dfb818abd61d

My transaction has been pending for 10 mins, is there a chance it doesn't go through?

Crush it with gas so it cancels
Use more gas next time

Idk Ive been using it for a long time, 0 problems. Of course cold leger is safest, depends on how paranoid you are

How much was ATH? 6 cents?

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UniPower will be the next STA, chart looks identical for day 1