No shilling, no fudding.
Discussion and questions only.
Statera General /STAG/
Levi Green
Other urls found in this thread:
docs.google.com
twitter.com
James Foster
What makes Statera special compared to the other deflationary projects?
Joseph Kelly
How do you figure return from the balancer?
Henry Young
>her
Ethan Howard
>No shilling
>No fudding
Ok, ummm...
I hope the price of STA goes up, because I hold STA. That is all.
Dominic Lewis
This shitcoin is dead. Devs moved already to other project.
Anthony Gonzalez
Wait a minute, WAIT A MINUTE!!!
All of this fud that I always see in Statera threads, saying that it's a scam, has no usecase, or that the Telegram admin is a tranny...
Why would anyone care so much, and take so much time to shit-talk something that they aren't invested in?
Fud must actually be a good sign. All of this Statera fud is just from people trying to tank the price so that they can buy more for cheap. They're doing this because they know it's going to moon. Holy shit, how come I never thought of this before?
I've gotta buy more Statera!
Jaxson Johnson
There's an AI that has control over a balancing pool. It will buy and sell STA to keep price more stable. To be more precise, it has its own wallet/pool of 5 tokens - BTC, ETH, DELTA (50% STA, 50% ETH), WSNX, and LINK. It is coded to keep these tokens in constant balance no matter what - i.e. if BTC raises in value, it will sell some of the BTC to get ETH, STA, WSC, and LINK such that the BTC in the wallet is equal in value to each other coin in the wallet.
In short: STA price drops -> the AI will sell other coins to buy STA for when it recovers. Let’s say the whole pool is worth 5k in the beginning (so 1k of each coin) but LINK went up 5x, which now makes the pool worth 10k. AI will now sell LINK and buy more of the 4 other coins so that they are of equal amount (10k/5=2k of each coin). The pool is now weighted equally, but still doubled in total value from 5k to 10k.
During all of this balancing, any transaction that involves balancing (selling or buying) of Statera means 1% of the Statera will be burnt, increasing price preasure by deflation. So even when all 5 coins would crab, you get paid in fees and at the same time Statera becomes less in supply by the burning. When the market crabs/drops you burn STA and get fees. When it moons even if STA still crabbed, the AI will sell other coins to buy STA meaning the price of STA will go up + 1% is permanently burnt.
Chase Bell
WSNX not WSC*
Brayden Bailey
Use this and press the “Phoenix” at the top.
docs.google.com