/biz/ - Business & Finance

Scam coin, but this made me laugh good post.

>>21439461
Comfiest coin I've ever held, fuck you nigger.

>>21439461
>Audited decentralised coin with the team holding 4%

>>21439501
>comfy
>swings more than your parents in the 70s
I'm bullish on STA but PNK is comfier

>>21439461
Counter-argument:
Absolutely the proven opposite of a scam coin.


Song lyrics made me laugh too :D

>>21439461
What, you mean this high-IQ post didn't convince you to buy?

>>21439681
The lyrics actually convinced me to not sell until at least $25.

>>21439786
thanks cos i wanted to kill myself writing them

>>21438765
top kek

>>21438765
Hilarious post but STA gona creep down to 10 cents and just gona chill there for a while

>>21438765
STA $0.02 eow

So someone explain to me: A huge chunk of the ROI comes from holding STA delta tokens, yes? Your Phoenix Fund contribution only contains 40% of what a "full stack" of delta tokens would be had you not pooled into it. So why wouldn't i just hold a stack of delta instead for that remaining 60% + any gains STA/ETH makes on its own? Does the network keep track of the fact you pooled on uniswap first before pooling on balancer or am I misreading something?

>>21440539
Different risk exposure levels. If you're happy being exposed to just ETH/STA then stay 100% Delta. Phoenix is a safer (and therefore lower ROI) pool.

>>21440539
Pooling on uniswap (Delta) and balancer are completely seperate things. The balancer pool just contains Delta tokens (can't contain straight up statera due to a vulnerability on balancer involving deflationary tokens)

>>21440126
I disagree, but if you change your mind you know where to find us!

>>21440539
It's about diversifying, look at the gains in ETH, SNX, and LINK. If you were directly holding phoenix you benefit more from those, it still helps Delta and STA's price, but you benefit more when holding Phoenix directly

I feel like I say this in every Statera thread, but ONCE PEOPLE READ THE WHITEPAPER & UNDERSTAND THE INSANE PATH STATERA IS ON... hoooooo, boy

>>21441206

but when

>>21441416
soon my boy

>>21441649
thanks dad

Refund when?

>>21442172
Addresses are finalised, I'd say STA refund in the next week, unsure about Balancer.

I post this in every STA thread and no one has an answer:

How do I tell how much money I’m making from staking STA and ETH with the Delta token? Is it the number of Delta tokens I have that goes up?

Also, is there a Discord? The official link doesn’t work.

>>21442434
https://defimarketcap.io/token/0x59f96b8571e3b11f859a09eaf5a790a138fc64d0
In the delta pool fees gets added to the delta price.

>>21442434
Dont know about discord most are in telegram

>>21442225
Last week it was "next week" aswell.

>>21442665
They only mentioned that the refund list would be closed on August 14. Past August 14, you can't make any edits to the refund list.

>>21443001
The Statera token would be refunded within 2 weeks after the 14th. We will see how long it will to for balancer.

Long time lurking whale here. Is anyone else suprised STA is holding at .23-28? You all are crazy lads, I was comfy down in my .01-.03 deps. You all are making me come up for food. I see alot of plankton around. Lucky im vegan.

>>21443282
>Is anyone else suprised STA is holding at .23-28?
Not really i was always really bullish. We have been crabbing at this range for some days now and we are still breaking holder ath each hour. A breakout is coming.

>>21442557
So did I “make” 5.6% on my investment today?

>>21438765
Official Webpage:
https://www.standardcryptofund.com


https://medium.com/standard-crypto-fund/standard-crypto-fund-qqqf-f8ced06ac82c

>>21443712
Probably, at what price did you get them?

>>21438765
That actually pretty good, friend

>>21438765

>>21439461
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 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 <4%.

In short, Statera:

1. Increases positive price pressure and decreases volatility - caused by the deflation
2. Gives one token access to the ecosystem, price action of assets its pegged to, and benefits of arbitrage
3. Deflation can be put into any index fund (Balancer pool) or other financial instrument
4. Deflation rewards loyalty, if you get in early when supply is high, as supply goes down assets get more valuable
5. Diversification - You can hold many assets in the ecosystem
6. Passive income- make money while you hold your crypto (over 30% APY)

TL:DR

In simple terms the Burn function of STA is designed to create volume. In a way Statera discovered "Volume Farming".

>>21441138
>yes goy, diversity is good for you!
Fuck off.