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
At Statera we are continuously looking to unlock new possibilities. We are the first Deflationary Index Fund and now we are pleased to announce that both $STA and $DELTA will be listed on ViteX.
Why is this significant?
We have successfully managed to get our liquidity pool digital asset listed on another exchange. This is something we believe has never been done in the history of DeFi.
Deposits will open on 2nd September 2020, with trading to commence on the 3rd.
Yeah it's frustrating but it will pass and it's helping burn supply even faster
Jonathan Phillips
HOLDING MOTHERFUCKER
Robert White
Yah, annoyed I didn't swing.
Brandon Lewis
:O
Brayden Reed
Won't the burning reduce as there is less supply / higher price?
Robert Price
lmao STA should've hit $1 already so fucking early
Jaxon Price
The burn rate will fluctuate If the token costs less, the burn rate should be high due to the amount moved per transaction. Equally if the token costs more, the burn rate should be lower since assumed transactions will include less Statera
As supply goes down price trend upwards and that will slow the burn rate. Although, more exposure/exchange listings should increase trading volume which should increase the burn rate
It will be a ying/yang and it's hard to predict if that means overall supply will burn faster than predicted or slower. I could be wrong and biased but I suspect it will burn faster one trading volume remains stable above 1 million however/whenever that occurs
Jack Martinez
Really early friend, the project is months old, my data may be severely underestimated, in a month or two I will re-evaluate the supply burn. It does look good overall even with these conservative numbers
Based user, this will only make us closer as a community.
Julian Russell
I've been swapping on the way down and my stack is up to 20.7k, if down in ETH. I keep selling because some of that ETH was supposed to be in a different pool, but then it dips again and I have to buy once more. This coin's going to ruin me or make me a very happy man, one of the two.
If you check through the STA transaction log, a good amount of these dumps are new holders selling at a loss, buying at $0.15 and selling when it hit $0.14 Whatever they are doing it constantly increasing my placing on top 1000 holders
Ayden Reyes
>$0.12 >right before an exchange listing This is your chance, Zig Forums. Comfy as fuck right now
