Real talk, no bias because you have a suicide stack, what is Zig Forums's opinion on STA? Will it go to the stars like the hodlers think it will, or will it keep bleeding?
Its white paper is incredibly promising. Should I steer clear, though?
Real talk, no bias because you have a suicide stack, what is Zig Forums's opinion on STA...
Parker Phillips
Other urls found in this thread:
Christopher Perry
There’s a reason it’s been one of the top coins on biz for months. It’s looking rough right now but it’s been through worse.
Caleb Wright
I think it's fundamentals are too solid for it not too.
Luke Martin
Make up your own mind, the only attention it gets on Zig Forums is from desperate shillers and desperate fudders which is bullish imo.
It'll probably bleed sub 10c before it goes back up, they need to get rid of the telegram tranny but in the grand scheme of things it's 4 months old. If you have no patience then you're going to get burned by crypto no matter what, you're just coin flipping if you have paper hands. So don't buy if you're a pussy.
Evan Bailey
I'm confused what it's supposed to do. It's supposed to be indexed... but it trades separate from the items it's supposed to index.
Seems like a scam, ngl.
Joshua Perry
>i'm confused
>seems like a scam
yeah
Jaxon Powell
Legit project but it's being shit on by swingies and whales are dumping on it hard.
Anthony Baker
That point is that whatever movement STA makes is dampened by the balancer, because the majority of liquidity is held in pools that constantly balance between those assets.
In theory, that'd mean the price will stay more or less constant...but as the crypto market increases ( and so do the stable assets used to balance ), so will STA's price since it's being constantly pulled along to 'balance' amongst the indexed tokens.
It's an index fund because STA's changes reflect the amount of coming into the market.
To this, add the constant burn, and you get a coin that, despite the flips and turns, can only go up over a span of months.
Levi Jenkins
It’s an excellent idea. The dev team is extremely pretentious. They do not offer any education on what it does. The white paper barely spells it out at all.
Once you get your mind wrapped around it, like I said it’s a neat idea. The team seems to think that just because they have a better mouse trap that people will come find them.
Like it or not, the future of this product lies within their hands. They can easily fix it, but they might not be able to overcome their pride and hire marketing folk.
What they fail to understand:
1. When you are in a certain industry/field for a long time, you start to take basic knowledge for granted. This happens to engineers everywhere. They forget that people have NO CLUE what you’re talking about. They need to focus on making this 90 IQ friendly so that 100 IQs can start to understand.
2. The dev team needs to get off their high horse. I have been involved in many software projects, and NOBODY likes know it alls. Telling your potential investors “DYOR” is extremely rude. Statera will never grow if only a handful of people understand it.
The STA project can grow to amazing heights if the dev team comes back to earth and realizes that not everybody is a dev that understands intricate blockchain and deFi processes. That really goes for everybody. Devs are HORRIBLE marketers. And they need marketing big time.
Nathaniel Nguyen
It’s a long term winner with opportunities to expand its use through novel pools, and cater to normies as a safe(?) crypto index fund investment option.
The goal seems to be ushering crypto into as many wallets as possible, this banks on good adoption and community cohesion. It’s gone through shit and still shows promise, however at the moment it’s being fucked by poor adoption due to swingers, autists and shit exchange options.
IF developments go well this has an opportunity to grow as the bitcoin of DeFi, or stay a 20c stable coin.
Elijah Moore
This, without normie adoption this token’s potential is majorly quelled. The token is supposed to be community driven, but reliance on the community to produce marketing is one of the things that irks me.
Zachary Gonzalez
Patience will reward you
Jack Baker
>20c
Man I fucking wish.
At the moment we'll be lucky to ever see 15c again
Owen Butler
This. Bought at $0.11
Jaxson Myers
This. And this is what I mean by pride. I respect them for having the high IQ to produce this idea on their own, then to build it, and to overcome their problems.
I do not respect the fact they think that just because they did this portion, it is up to everybody else to market. Zig Forums shitposts and make memes. That might get other people from here involved, but it will not get SMART MONEY involved. In fact, it really works against you because SMART MONEY typically wants to have a working relationship along WITH the product, they don’t want to build the support system themselves!
Xavier Taylor
iron hand holders remember this.. y'all said it was a dead scan shitcoin then too. NOT FUCKING SELLING
Noah Clark
You sound like the same fags that said we’ll be lucky to see $0.06 again when it dipped to $0.01, either you’re in or you’re out faggot. You can’t predict the future
Oliver Morales
That dip was caused by the hack though, it wasn't a slow painful bleed
David Mitchell
Bought in 10k STA at .095 and feeling good about it. I doubt it could ever dip much below that point, but I wish I sold when it was over .40 and bought back in when it dipped back below .10 again. I figure by next year it can hit $1-4 realistically.
Adrian Collins
genuinely amazing product that took me weeks to actually get my head around. it desperately needs marketing and normie explanation, as well as a significantly less ban happy TG (which is currently dying because people are either kicked or scared to speak up about things that aren't great). long term it will pop, if you're already in do yourself a favour and don't check the price until you see some good news.
Jacob Martin
With a bit of luck it can start a new pump and with STA the fomo effect has been huge. Considering we’re like 5x above the previous support the ATH will be smashed on the way up.
Jaxson Peterson
It's in the period of boringness. All the main coins aren't really being cared about right now because people are chasing buffet coins. Plus you can't exactly fucking buy or sell most shit now kek.
Landon Flores
Caleb Rivera
I'm sorry but to think STA isn't hitting 15c again is an utterly brain-dead take
Elijah Parker
Ok you realise there is no "Dev team" though? The core community team members essentially rely on donations to fund marketing. You really don't sound like you know much about the project.
Camden Mitchell
how did the exchange listings go?
Elijah Martin
Stuoid idea, stupid project. A pump and dump that capitalized on Chainlinks $20 high. It's a shitcoin through and through.
Ayden Wilson
The people on Zig Forums who are actually making money, wouldn't look at this shit for a second.
Anthony Davis
How exactly are they supposed to do all of this marketing? They already spent virtually all of the development funds on refunding the balancer exploit, there is a reason they are reliant on the community, they ARE the community, literally. 99% started out as just curious people in the TG. The "Dev" (stop using that word) isn't even involved with the project anymore. You're making a lot of assumptions in your post and I think if you had a better attitude towards the community spirit of the token rather than finding things about them to complain about you'd be a lot more content with the state of the project.
>inb4 much constructive criticism
There is a difference between constructive criticism and constant nit-picking.
Andrew Wright
>muh*
Robert Barnes
Please understand that my intention is not to shill but to generate discussion regarding the pros/cons of the following project as a possible moonshot.
To begin this discussion, I will ask, "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, and SNX all "balanced" with STA. 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 a STA transaction happens for buying/selling/pooling, 1% of said transaction is burned). This token burn along with tokens being locked in pools, pressures prices up to again make sure the other coins will be balanced, but also creates arbitrage opportunities across funds.
Grayson Carter
Why is increasing volume, liquidity and arbitrage useful with STATERA?
Well while pooling STATERA you earn a percent of all transaction fees in the liquidity pool. Please feel free to read the medium article outlining the first 2-3 months which came out to be an APY of 36% creating dividends where there were none (medium.com
The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled by balancing with ETH, BTC, SNX and LINK leads to an exponential effect and positive feedback loop on price. This leads to the concept created by STATERA known as "Volume Farming."
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 36% APY) on your coins based solely on their volume/trading? Can you add in a mechanism that causes constant upward pressure in your index fund? Can you capitalize on every arbitrage opportunity for all the above coins to auto-balance and make gains when possible 24/7? Can you do all of the above in a trustless and truly decentralized (largest holder ~6% of supply) manner?
Ayden Gray
What is the low volume/high volatility problem?
If an asset or contract has low volume, then it is susceptible to high volatility. This leads to the premature failure of many promising projects and contracts early in development and is one of the main barriers to a fully decentralized and digital world. A simple quant balancer cannot solve this as in finance 1.0 because if the volatilty is too high then such a balancer is subject to fail also. However, the addition of a deflationary mechanism creates inherent feedback ensuring that it cannot fail unless the entire digital market (ETH, BTC, LINK) collapses. It allows new projects and new contracts to solve the initial growing pains of high volatility and manipulation.
But what if bad actors simply manipulate STA?
This is why the fully decentralized aspect is important.
But what if no one uses it?
Then it fails. However, here are some possible reasons to support why it will be used include: First-mover advantage (FMA) and simply put, people are already using it. If BAL and subsequently Phoenix go on coinbase then it will not be long until STA is cemented as the industry standard. However, this is the key. If we do not utilize this tool, then it will fail. This does not mean we need more people buying it. But more people using it and allowing it to be integrated into their pools, funds, contracts, etc. If more projects integrate it then new buyers are not necessary and therefore new holders of STA are not needed to generate income using STATERA as a community balancing tool.
James Mitchell
Why is the price so low if this project is so promising?
This project was greatly anticipated, and it is still very young (4 months old) and it was very bullish since its inception. However, BALANCER labs was hacked utilizing the STATERA deflationary mechanism which has since been fixed utilizing the Delta token. Even more impressive is that STATERA and then BAL refunded the tokens lost during the hack which given the steep increase in price of the tokens we far more money than the initial investors lost. Crypto YT personalities such as Bitboy crypto, Chico Crypto and Ivan on Tech have all promoted STATERA with Ivan and Bitboy promoting STA and the applauding the refunds separately.
So why is this a moonshot?
Given how young this project is and the rapid growth it has had from $0.03 to a local peak of $0.46 followed by a correction to $0.15-$0.30, it has garnered great interest in Zig Forums where it is now behind chainlink as one of the most promising projects for a "long-term hold". The number of holders continues to grow and is currently at ~4400 with volume rising regularly and recovered significantly since the price dip from the BAL hack. However, despite how bullish the community are, it is still only a 11 mill mcap to 30 mill mcap coin. Given the use case and integration with blue-chip coins it is not unreasonable to see it achieve an mcap of a top 50 coin, but that is conjecture on my part. Beyond this the project's team is actively working on new ways to increase liquidity, volume, transaction fees, arb opportunities, etc. by getting STA listing on multiple new exchanges including 5 new exchanges coming in September 2020, and new integrations and pools for STATERA to balance.
Nathaniel Roberts
I am happy to discuss price projections and the calculations that went into it, but the current models used for price prediction will need to be taken with a grain of salt given the assumptions made in the models (BTC reaching 80k by EONY, for example). For now, I am happy to have had your attention. Please let me know your thoughts and recommendations as they are greatly appreciated.
Asher Green
Wise user. STATERA is about balance and patience. You are going to make it.
Luis Diaz
People who dump this shitcoin are crashing lambos every day. Thanks for feeding my wrecking yard empire