"
As promised, the $STA part of the refund has been successfully completed. We now patiently wait for the Balancer Team to complete theirs.
This is a historic moment as we have just done something that has never been seen in the DeFi space before.
More Updates coming soon!
Transaction Tx:
etherscan.io
etherscan.io
"
Other urls found in this thread:
cointelegraph.com
twitter.com
IT IS DONE, GET READY LADS
OH FUCK ITS HAPPENING
It was all real...why did I sell and listen to these fudding assholes...
I will buy more and never sell this time.
I've been watching this thing from the sidelines, is now a good time to buy or will the price dip a bit for a better entry point?
Dont try time the market noone here has a crystal ball
WILL THE PRICE GO UPP NOW?
I would maybe wait for a while until the STA refunds are mostly sold by those who are going to do so. Then buy in before Balancer refunds the rest.
Expect a small dump from idiots who are abandoning ship and dumping their refunds but most whales are hodling and I expect it to moon in the next few weeks now people see its legit
1$ eom
Sir, thank you for the refund Sir. Will now feed my village.
This. It will likely dip over the next few days but that's probably your last chance to buy at these prices
Refund dip has been priced in. Now we moon Sir.
Time in market to succeed on this one user, not timing the market
And rip there we go it’s moving again
The refund was suppose to dump price! What the hell frens, I don't have 50k stack yet
Lmao wait untill balancer refunds 1.5 million in other tokens and the news will reach far. Top 25 exchange after that. 1$ EOM
This.
checked
It did, you should have been buying the dip friend, even if just for a moment it was 19c
CHECKED
I was expecting a bit more of a dip, I've bought little over 10k more but managed to scrape only 44k bag, my funds from the bank haven't come through yet to buy more, oh well, I'll live
It was literally like 10 mins, I was busy masturbating to JAV.
Based
You should be masturbating to charts instead user.
based quints make me moist.
Why'd they give refunds?
And why should i buy some STA
extremely based and STAggotpilled
Based and checked
balancer pool got hacked due to not being able to deal with burn mechanism
fault of the balancer devs since they were warned about it
cointelegraph.com
Fucking checked, to the moon we go.
as to why you should buy it:
only actual deflationary token remaining, cool pooling mechanism, check the whitepaper for more info.
Thanks fren
Dollar cost average fren.
>why STA?
What is an index fund?
An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK all balanced with STA.
The rules are that these coins are set in the fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever an STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). This token burn + tokens being locked in pooling pressures prices up to again make sure the other coins will be balanced. You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY.
The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.
Can the team dump? No, this is the most decentralized token as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own
In 3 months we burned 15%.
If volume doesn't change and we only MAINTAIN our current volume, then (0.85^6) our supply is down to 32 million tokens by EONY...
If we MAINTAIN our rate of steady price growth due to tranasction fees put back into the STA ecosystem without any new buyers beyond uniswap ONLY (not the 4 new exchanges and future exchanges) the mcap by EONY is (1.2^18) of the resistance mcap or 400 million USD by EONY without any other help (DOGE and COMP are 450 mill NOW).
This would put the price of 1 STA token at $12.50 USD WITHOUT accounting for any new exchanges, new integrations, new price vibrations from ETH, LINK, BTC movement/pumps/dumps, and without accounting for the bullrun or BALANCER being listed on coinbase. Now remember that the ripple effects from the above are exponential.
Again, if we freeze market action in place then the price is $12.50 per STA EONY. Do you see how $100 EONY is FUD?