Trips decide statera price EOY.
I'll start: $2
Trips decide statera price EOY
Carter Torres
Luis White
1.38$
Bentley Hall
$1.38
Grayson Rivera
$0
Matthew Mitchell
cmon baby let the predictions be true
Andrew Hughes
1.38777
Jordan Butler
$0.09
Evan Long
1/2
market cap = supply x price
As an example for 5,000 supply at $2: $10,000 = 5,000 * $2
Whenever STA is traded between wallets, 1% gets burnt. Now let’s assume two things:
1- Volume of 50,000 STA gets traded, causing 500 STA to get burnt reducing the supply to 4,500
2- Ignore the demand/price force for STA’s utility (for now)
Since we are ignoring demand, the market cap will remain the same. This burn will therefore cause price to increase:
10,000 = 4,500 x p, which means price should theoretically be pushed to 2.22.
This price increase will cause the STA value in Balancer (or Phoenix) to increase, forcing the pool to rebalance. Rebalancing means selling STA and buying the other 4 coins to keep the percentages as initially agreed upon (50 ETH / 20 STA / 10 BTC / 10 SNX / 10 LINK). Now remember, selling STA will cause STA to be burnt again (supply decreasing), causing a ripple effect: the cycle will keep repeating itself at a decreasing rate, even if no further human-triggered trades happen.
Oliver James
6 cents
Brandon Anderson
Now we can talk about STA’s utility: why would people demand STA? What does it do?
Balancer gives a return of 1% of total transactions volume that happened from all the rebalancing. Remember, rebalancing does not only happen from STA’s ripple effect mentioned above, but it also happens when the other 4 coins move in price (which by the way means more STA is burnt). That 1% on volume does NOT mean you get 1% on what you are pooling. It means the following:
Example: if you are pooling $10,000 and there is a total of $100,000 being pooled, with a 24h rebalancing volume of $50,000, then you will receive = ($50,000 x 1%) x ($10,000 / $100,000) = $50. Your daily rate of return is therefore $50 / $10,000 = 0.005, which means an annual rate of return of 0.005 * 365 = 183%. People called Phoenix’s return as scam because they are high, but they are not a scam but actually STA’s genius.
A lot would be very happy with such return, making them want to pool. You would think that as the pool gets bigger, your portion of the reward gets smaller but remember that when people pool, STA is being transacted and burnt, causing the rebalancing volume to rise and therefore increasing the 1% total reward as well.
The Balancer also balances liquidity / fee income demand: if liquidity provider believe they can get higher interest in other defi, they will remove their liquidity from Balancer. But then this leads to an increased fee income to those who have not removed their liquidity (MINDFUCK). Keep in mind all this burns STA as well.
Now add to the above all the demand action from wanting to buy and hold or buy and trade.
Whether you think it has value or not, no one can stop it. People will want to earn high interest income. Balancer will keep balancing. Statera will keep burning. And the tokenomics in my OP will keep repeating itself.
Easton Myers
actually a high IQ person in a STA post i have seen in awhile
Hunter Wood
low effort scam
Ethan Cruz
$0.0288
Alexander White
$0.00000000
Charles Carter
$146.32
Thomas Green
$2.22
Angel Sanchez
$1.38
Dylan Wright
even lower effort fud
Cameron Perez
idk bro if this is a scam they deserve it, 5 month running scam and people still buying in?
Anthony Lee
$100 per Startera token
Isaiah Davis
$30.67
Jason Jenkins
$0.008
Oliver Roberts
$1.38
Andrew Howard
5 ETH
Brody Watson
$1.23
Cameron Hall
checked digits related to price, but fuck you
Easton Moore
3.50$
James Fisher
Over 9000$
Carson Martinez
About tree fiddy
David Peterson
Ill say around three fiddy or five hunnet idk.
Gabriel Campbell
$10!
Dylan Brown
$0.001