>I DON'T UNDERSTAND WHAT IT DOES, EDUCATE ME user! 1/2
Starting off with basics: market cap = supply x price
As an example for 5,000 supply at $2: $10,000 = 5,000 * $2
Whenever STA is traded between wallets, 1% gets burnt. Now let’s assume two things:
1- Volume of 50,000 STA gets traded, causing 500 STA to get burnt reducing the supply to 4,500
2- Ignore the demand/price force for STA’s utility (for now)
Since we are ignoring demand, the market cap will remain the same. This burn will therefore cause price to increase:
10,000 = 4,500 x p, which means price should theoretically be pushed to 2.22.
This price increase will cause the STA value in Balancer (or Phoenix) to increase, forcing the pool to rebalance. Rebalancing means selling STA and buying the other 4 coins to keep the percentages as initially agreed upon (50 ETH / 20 STA / 10 BTC / 10 SNX / 10 LINK). Now remember, selling STA will cause STA to be burnt again (supply decreasing), causing a ripple effect: the cycle will keep repeating itself at a decreasing rate, even if no further human-triggered trades happen.
Statera is an AFRICAN PROJECT The team is mainly AFRICAN You are buying a literal NIGGERCOIN.
Charles Jones
>I DON'T UNDERSTAND WHAT IT DOES, EDUCATE ME user! 2/2
Now we can talk about STA’s utility: why would people demand STA? What does it do?
Balancer gives a return of 1% of total transactions volume that happened from all the rebalancing. Remember, rebalancing does not only happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price (which by the way means more STA is burnt). That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:
Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return as scam because they are high, but they are not a scam but actually STA’s genius.
A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.
Now add to the above all the demand action from wanting to buy and hold or buy and trade.
Someone post the ranks based on holdings my lovely anons
Luis Hill
Post THE TEAM you STUPID FUCKING IDIOT. Show WHERE THEY COME FROM. It is AFRICA.
Jack Bell
Thank you based user, good write up and it’ll help normies learn what they’re missing out on, STA is truly the king of defi. Grossly underrated and it deserves to be put in the public eye. Many people missing out on great gains.
Leo Richardson
You will be the nigger when we are winning and standing in the hall of fame.
Luke Jackson
You say the price is supposed to keep increasing, yet the price keeps decreasing instead.
Don't listen to this idiot, he is so invested into this that he needs people to buy it and drive up the price so he can sell it and get the fuck out of it.
This is just a scam coin with no purpose.
Chase Williams
How does it feel knowing that an African team is x100000 richer than you, my poor fag user?
Alexander Gutierrez
STA is a great idea , but until the returns happen.,people won't trust it.
Jacob Jones
This thread is like a mutiny on a sailing ship
Ryan Cook
user I think you need to invest in a mouse that has the centre piece (also called a scroll wheel). Once you buy it, take your middle finger out of your ass and use it to zoom out of the chart.
Make sure to sanitise your hands during that process.
Elijah Ortiz
>Buy a shitcoin at ATH. >Realize you made a huge mistake. >Advertise shitcoin to others so they buy it and drive the price up. >Sell the shitcoin and get out. >Now the shitcoin is someone elses problem.
Carter Parker
You realize even if this were true, it doesn't matter? The project is done and is immutable, devs can do nothing to it now.
Levi Russell
>Don't worry about a thing >Cause every little thing gonna be alright >Singing' don't worry about a thing >Cause every little thing gonna be alright
THIS. Statera is worse than a pajeet scam. Its a literal nigger scam. Get out while you can. Thank Christ I got out on time with decent gains. Anyone buying at this point is going to get absolutely fucked.
Brody Garcia
>made by an actual white man
You stupid, stupid, stupid, stupid bastard.
Eli Miller
Why did you buy it in the first place then, if you're saying scam coz black? You thought the team woke up one day and their skin turned from white to black so you had to sell?
Let me guess: 1) You missed the train 2) You are trying to buy in cheaper 3) You bought the ATH and sold ATL 4) All of the above
Lmao like I can afford it I can't even round up my 4750 sta to 5000
Jayden Morgan
Suicide STAcker here with 15k. Thinking about becoming a STAggot. Someone hopium me in.
Samuel Morris
look at how much coordinated fud there is where there are organized attacks, there are strong 'enemies'
Carter Jones
You are one of us nonetheless user
Not sure if you were here when LINK was 25-30 cents, but the FUD and number of threads back then were exactly the same as STA's now. Look where LINK is now.
