I'm making a separate thread because I don't wanna be called a "fudder" while they're euphoric about their price rising. I don't hold any bags in any case.
I'm mostly asking onlookers just like myself what they think of Statera. It had every single sign of being a scummy project, starting with the V1, V2 and V3 debacle. Low liquidity, low volume trapping the early investors into shilling it because otherwise they'd stand to lose when selling. The massive pump and dump of the last few days, which should have killed the coin. But as you can see, it's still alive. I was pretty sure that by today, it would have been revealed as a quick exit scam. Is the project legit, or not? Bagholders can participate, but I'd prefer to have the point of view of people who didn't throw money in it.
It’s crypto. That’s literally the only answer you need.
Joshua Ortiz
The low liquidity and volume was an issue with stats not displaying properly. It was traded on uniswap v1 for the first week and did not have an info page to reflect data. The only data pulled on V2 was from people buying, because you could not sell until yesterday (or 2 days ago, when they finally fixed their shit).
As an early one in STA v1 I've gone through all the process, and like most, in the swap from v1 to v3, our pool worth was less than what Uniswap displayed. - I had 250k of STA v1, worth about 4 ETH, and my pool share was about 300$ at launch. Adding on to that, with slippage and all, it would be closer to 350$ in value so yeah, bit of a loss. Bought more V3 the moment it was released.
The problem is, many people treated this as a pump and dump and half of this board fomo'd in after an incredible climb from 2c to 15c in a single day, it was not sustainable and not expected even from us. When v3 launched we were going to be happy with 1c end of week.
The project is legit, there's been some bumps in the road, poor documentation, and all the 'frontend stuff' is being worked on as of right now - Keep in mind STA v1 was launched a month before a thread popped up here and it blew uniswap up.
If you wanna call me a bagholder feel free to, I took my initial investment out and I'm riding this to the moon or to 0. This is still crypto, so it depends on how much adoption and traction STA gets outside of Zig Forums, but the project is legit, and devs cannot dump on you. It's out of their control now and in the hands of people who want to pool in.
Owen Rivera
it's not that it's an exit scam, it's that it's a pretty useless token. sure, it work as if it were an index fund, but what are the contents of the fund? wrapped eth, wrapped btc, link, a token no one cares about, and a worthless index token. considering most investment anons here probably hold 3/4 of those already, it isn't much diversification. so, is it the autobalancer that makes it valuble? because the autobalancer wasn't even made by STA. anyone could use an autobalancer like that. so it isn't the token, it isn't the pool, and it isn't the autobalancer... what exactly makes this coin valuable? possibly some first mover advantage into automated index funds in crypto? maybe. but that doesn't mean shit if people don't feel like pooling. the deflationary element is actually a meme, but it slows down swing trading which is nice, but it also means you can't put it on any off chain (read, big) exchanges. it's not a scam as much as it is... mediocre? certainly not worth an 8 figure valuation lmao
This, especially the last point. To any budding devs out there, rip off Stateras entire setup but just remove the burn function. Shill like crazy how Sta will never get on binance, Kucoin, idex, etc, don't hoard 50% of the supply like a Jew, find some good liquidity for the pool, and we can all make it. First mover advantage only works if the project is good, but Sta is flawed. It's a good idea, but it's Myspace, so some smart anons with a budget, make us a Facebook. Just don't be greedy
Logan Torres
Crypto in general is a ponzi scheme. What does it matter if it’s a scam if it’s profitable? Buy a small bag and make some money.
Brayden Bell
That was a nice, convincing response. If I was only 3 years younger, I'd have FOMO'd in after reading your post. Thanks for your answer, user. I suppose that Statera is one of those cases where the idea in concept is stellar, but the implementation could be a little better. However, the first mover advantage it has now will probably hold more significance in the future, even if better alternatives show up. I think that Bitcoin has now BCH to serve as an example of this.
Nicholas Ross
Tell me you reddit faggot. what does HEX do? Did it invent staking or lock ups? Go check its valuation. Now go and fucking buy Nano you stupid fag.
