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.
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% essentially creating dividends where there were none (medium.com/@stateraproject). 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
Can’t I just hold BTC, ETH, LINK or any other coins and balance my own index fund? Yes, but can you add in a way to collect dividends (>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?
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.
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.
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.
How is this supposed to go up in price if no one is buying it and the dev team isn't doing anything?
I am not fudding why would this token go up, it is losing support daily and has been bleeding for weeks. Someone please explain why this will go up if support is dropping and no one new is buying it?
Zachary Roberts
I have 2.7K STA, will I make it in 5 years? I just need $250'000
Jason Torres
Yeah you’ll have about that much by then. 1000$ STA in 2025
Jaxon Foster
There is no dev team. This is a team of glorified, pozzed marketeers. Abu is a Nigerian and Megan is a confirmed tranny. They listed Statera and Delta on 2 fake volume exchanges. Also, if you bring up any concern or question to those of power, you're banned or muted because if you don't agree, you're unnecessary FUD.
Matthew Miller
Anybody got the ranks? I'm trying to buy 20k more at the bottom.
Anons, I found this piece of literature from under the last of my statera stack I was happily to get rid of. It was quite an exquisite treat and brought great delight and satisfaction to read about the "Tranny Janny" and man.... It was such a good read, I ought to do my due diligence to share it with thee. Now if I may:
*AHEM*
>JANNY TRANNY >LIES SO SWEET >JANNY TRANNY >LIFE'S TOO SHORT >JANNY TRANNY >DON'T COME BACK >JANNY TRANNY >CAN'T GO BACK >ONCE IT'S OFF >IT'S OFF FOR GOOD >JANNY TRANNY >LIFE IN DESPAIR >TO HAVE DARED >JANNY TRANNY >GET OUT OF MY CHAT >AND NEVER COME BACK
Must I say dangerously based, and if I dare say it myself........ redpilled?
>transgender Woe is me. Transgender == financial failure now. Ah shit. >insert random black persons country Sounds legit. Thanks just bought another 20000 STA
Mason Martinez
>dev team not doing anything You don't know... They are 100% still incredibly active. They are just autists that don't announce their every bowel movement.
Brayden Scott
I was going to buy this then I did research about the head of the team, a guy named Abu Bakr (???) Found his facebook. Looks like before becoming the head at Statera he was making signs out of sheet metal on the side of the road and sells beard oil on the side? Not very stellar credentials there.
Alexander Ramirez
abu is a shitskin but calling him the head of the team is like calling craig wright the head of bitcoin
Thomas Butler
Very good threat OP, I finally understand why biz likes it so much, the next natural question is:
So there is the 3 fold benefits of STA over just using those 3 coins. So how do I get these gains? How does the price of STA reflect these coins? Or do I insert my link, btc , etc into a contract? What role is the STA token in this because STA trades on its own and doesn't reflect the prices simply through the coin right?
John Johnson
You have 3 options. You can hold STA, and assume it appreciates. Highest risk, highest reward. You can mint delta tokens by pooling STA and eth, med risk, med reward. With those tokens, you can put them into the Phoenix pool, lowest risk, lowest reward. Check out bit dot ly slash stavids for more in depth explanation.
John Doe Here, Been doing some digging again. Massive news thats going to get leaked in a couple days probably about. STA. Don't believe everything you here, it may sound bad but we will get through it.
Considering the rest of the market's state, I'd say the bleed hasn't been too bad. As soon as the bull run begins I reckon we can expect a 0.20 on up. The next big Statera announcement should be by then, too.
hard to say. support at 11 seems very strong, but i thought the same about 12. if there's another btc drop we will tank below 10. thing is that it could shoot up at any point from here, big announcements in the pipe, and when they pop you will have about a minute to get in
Juan Howard
massive news coming soon abu al-bagholder made 2 million dollars swinging and put it all in kleros, statera has been abandoned by the whole team save for a telegram moderator who now has full control
Bentley Sullivan
>Tranny lied, gains have died >Abu da Poo is from Nigeria and said so himself
