Listen here for a bit anons

You seriously should consider to get in Statera if you haven't yet.
The pool is designed to balance the value all the time. What Scott has designed is epic because he included a 1% burn rate. There are no futures or leverage possibilities to manipulate the price like they can with LINK or BTC. I'm talking about triple digits in 1year with the current volume. More unique holders gives also the advantage that not 1 single identity can dump the price to 0. Get in because two digits are about to happen and next year triple digits.

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How does the one percent burn rate affect the price tho. Surely if you’re talking about supply and demand then the entire graph could just slide to the left. Less supply. Less demand?

thats not how supply/demand works

Less supply creates more scarcity. But the burn function has more purpose. It creates arbitrage opportunity for the index and is constantly shifting.

This thing has 18 decimals. Over time as the price increases, people will be buying less, so the burn will slow down.
We could theoretically be still trading 0.0000000001 Sta for $shitloads in 50 years time.

if people were constantly buying/selling the exact same amount, then that would slowly increase the price, as the supply is slowly decreasing

It is though. Why would the demand keep increasing???

This is a scam. Just becouse it burns its tokens doesnt mean you will have more value.

- Everybody in the world buys 1mil tokens for 1mil $.
- Tokens burn and there are now 0.5mil tokens worth 2mil $.
- What happens when people start to cash out?
you think the 1mil extra cash magicly appears our of nowhere?
there are still 1mil $ available to withdraw physicly.
The only diffrence here is that this is similar to ponzi. first 25% of people that withdraw will get their 2$ per token but than the price will fall faster than it did go up becouse there is only 0.5mil left and still 75% of people that need to cash out...
Classical ponzi nicely coverd in stupid tokemonics.

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This pic screams PAJEET

I don't understand why retards think "deflationary tokenomics" work. but basically everything this guy said. I wouldn't buy some retard's STA bags when the coin is approaching zero for however much they think it's worth. it's not sustainable.

india

Shhhh trying to aCOOMulate more user

scarcity

Scarcity does not equal more demand.

when you pool STA in the delta pool, do you HAVE TO stake ETH 50/50 as well? or is there a way to just stake STA? I just bought a ton of STA and don't really feel like selling half of it to get ETH to stake

Yeah you need the equivalent amount of ETH to mint delta tokens.

And yet the burn rate, In spite of decimals, serves to negatively incentivize future buyers as they'd be buying into a high disparity token. Literally no one would want in on that.

It does not necessitate demand, but it only helps. But less supply definitely doesn't necessitate less demand.

I dont know what to tell you. Go read Hazlitt

No but the real value is the passive income you can get from STA. That creates demand and with the decreasing supply it should result in higher price through market pressure.

The point is to get in the pool. Why do I need to sell to anyone when I just hold in the pool and get BAL tokens every week? Unless you think BTC, ETH, SNX, and LINK are all going to go to 0$.

This annon gets it.

The burn mechanism is part of the function of STA. The purpose of this coin is the index and the interest earned from mi ting Delta and creating balance in the index fund.

These indexes are the future of defi crypto. Sta will be coming out with more products soon. Think about indexs for different categories in crypto. You will have defi index, transportation indexs, insurance indexs, iot indexs etc. All powered by the STA coin with Delta.

People are too caught up on the "burn function" when theres more purpose created from the 1% arbitrage that's happening. they cant see past what they think they know all about. And havent even looked into the future.

So the only way to make money is to get in the pool?

I'VE PUT 1 THOUSAND DOLLARS IN STATERA DON'T DISAPPOINT ME!!!!

I FEEL THE RUUUUSSSHH AAAAAAAAAAAAAAHHHH

how does 1 gorillion dollars sound to you?

I had a strong urge to buy in at .003 but didn't for not-being-homeless reasons. I would be up 100 grand by now. I fucking hate my life and this will haunt me forever.

People don’t seem to understand that the pool will have to keep the STA ratio. Meaning the balancer will buy STA if it has to to maintain the balance. The price will have no choice but to increase.

Unless people pull liquidity from the balancer, right? It's not like it's trustless. I'll still probably mention not buying sta in my suicide note, but I don't think it's that sure of a long term bet.

Fuck the gas prices on uniswap, I'd just wait until it gets to coinbase or another exchange

Yes liquidity is key. But with the attractive APY returns I doubt it’s going anywhere soon.

You keep saying that but the price keeps going down.

Man its more like 6 gorillions dollar with 1000dollars

Bruh it’s up 700% on the week wtf are you talking about.

they cant keep getting away with this

I've been holding literally all day and it's done nothing but crab and go down.

Oh my.
I had to leave Zig Forums for more than a month, and what am I welcomed with? A chart telling me that my countless warnings about this nigerian scam went unheeded. I'll admit, I'm surprised this reached a new ATH. However, it looks like you people never learned your lesson... I am here to fix that. Sell. You realize it by now, don't you? This manufactured growth is not sustainable. I assume you all know about MRDN/Meridian Network, a worthless token some STA whales thought wise to transfer their minimal profits into instead of stonks. We saw how it ended. And the same will happen with STA. This farce of a pump occuring before the refund should tip you off. Let me tell you what's going to happen and the truth behind this 'pump'.
A small number of people already got their money back and are working in cahoots with Abu-Bakr/Trevon James to collectively dump on you after it gets confirmed that everyone who put their funds in the pool get their money back. Of course, STA will probably reach 30cents in the following week, if not more. You can safely bet for a small profit there. However, right after that, the price will crash back to 0.05 cents.
Sell now. And don't look back if you don't want to take that risk.

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>However, right after that, the price will crash back to 0.05 cents.

I hope so, I want to buy even more

Actually unironically based, I missed you bobofudder. These new retards fudding this shit don't hold a red candle to you.