/biz/ - Business & Finance

>>24683721
What is Statera?

It is the product of modern economics and technology. If you do not understand it, that is absolutely fucking fine because never EVER in the history of mankind could it be done. Not without the blockchain. Worry not though, I am here to explain.

Starting off with basics: market cap = supply x price

As an example, for 5,000 supply at $2 the market cap is: $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 from 5,000 to 4,500

2- Ignore the demand/price force for STA’s utility (will get back to this point later faggots)
Since we are ignoring demand, the market cap should theoretically maintain its amount.

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.

We are going to be millionaires one day.

>>24683721
>>24683764
Now we can talk about STA’s utility: why would people demand STA? What does it do?

Balancer gives back a return of 1% of total transaction volume that happened from all the rebalancing. 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 a scam because they were THAT high, but it has nothing to do with scams… it is 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.
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 too (which by the way means more STA is burnt).

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.

>>24683804
>>24683764
>>24683721
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 post will keep repeating itself.

Also, don’t forget all the other pools/farms/pairs/etc… that would be affected by the ripple effect which would naturally cause arbitrage and more burning to happen. Fuck man, how can people that genuinely FUD not see this?

Now we need to include the practical side to theory and all the demand action from wanting to buy and hold or buy and trade. Demand is the reason why STA is currently struggling, so we definitely cannot ignore it. In this case, demand comes from liquidity and volume provided to the pools. The team is fully aware of that, and they outright said volume will be their main focus following the dashboard.

Now I must admit, the only real struggle is volume. The project’s idea is absolutely sound and you are fucking dumb if you think otherwise. Just like I would be dumb for not admitting that volume and liquidity are not currently an issue. But once that issue is fixed, are you willing to bet against a good idea?

I, STAGGOTANON, HEREBY DECLARE MY PARTICIPATION IN KICKING OFF STA'S BULLRUN

Which pool?

>>24683721
Anons I bare news. I would assume the marketing campaign and dashboard will be released after the end of next week. Pic related

>>24683721
>missed amazon
>missed apple
>missed ethereum
>missed link
>will miss statera

>>24684119
Balancer, anon.

Also, the general for 11/12 needs to have this as the picture

>>24684231
Will do, anon. I like that meme, gives me good vibes.

>>24683832
>Fuck man, how can people that genuinely FUD not see this?
Lol there’s no genuine fud. We are all autists keeping price low and having a bit of fun. When the time comes and the normies come storming in we will all be statera barons

I regret to inform you I will not be able to pool 12/12. However, you have my word that all my future salary will be put into pooling. Hoping some other wagecuck joins me. It’s a nice way to DCA your pooling too if you aren’t already loaded.

>>24684301
Therefore, you are not a genuine FUD'er and are excluded from that statement, Staggot.

>>24683721
this is unironically ARPA as the last man standing as their partnership with a major Chinese authority provides all the backing in the fight against US etc. Bella Protocol is unironically giving pajeets the opportunity to get some juicy yields on ARPA holdings.

>>24684411
Anon, not sure if you know but us, Staggots, don't like the Chinese.

>>24684152
Based and sherlock pilled

>>24683788
Checked

>>24683721
STAcember

>>24684183
To add to this... the chart is super clean, perfectly following the bubble theory.

>>24684732
Even if you claimed we are between 2015-2016 in the chart, you can see the chart maxes out at 1.5k ... as we know bitcoin is currently at 20k. The bubbles don't stop, but the % gains you can make for each one becomes lower for each pump that occurs

>>24684732

I thought token burns were always just a scam? I don’t see how sta can ever moon again.

>>24685183

You thought wrong, buddy.

I, STAGGOTANON, HEREBY DECLARE MY PARTICIPATION IN KICKING OFF STA'S BULLRUN

>>24685337
Tell me why sta is worth buying other than it being -95% from ATH???!?!! How is anyone supposed to buy this shit if the only shit shilled about it is it’s deflationary. Why the fuck would anyone use it??????

>>24685462

Go read the whitepaper and stop being a lazy nigger.

Burn -> deflation -> positive price pressure + arb opportunities in liquidity pools, rinse repeat

I, STAGGOTANON, HEREBY DECLARE MY PARTICIPATION IN KICKING OFF STA'S BULLRUN my boss...

>>24683721
I dont give a fuck about statera but Im going to be honest, thats a pretty nice meme.

>>24685528
That is so fucking pointless.... it solves nothing. No wonder this project died. It’s truly just a ponzi only. Who cares if it’s deflationary if there’s no other fucking use for it????

The memes itt are sick.
I already pooled in advance a couple of days ago btw

>>24684717

>>24685787

It's not meant to "solve" anything. The point of its existence is to generate money for the holder via liquidity pools lmao. Stay poor lmao.

>>24685787
people on this board (not you cos you're a dumb retarded faggot) make a lot of money off coins that "have no use", maybe if you wernt so fucking stupid you could join in

>>24685787
I am the original ponzi schizo claiming deflation was useless. As I have finished my accumulation for this month and we are about to get some news I might as well break it down. I was the guy who wrote the tldr whitepaper back in September.

Deflation creates positive price pressure as long as the forces of supply and demand are not equivalent and demand exceeds supply. Deflation also creates opportunities for arbitrage between pools and exchanges, leading to more volume meaning more fees and burn. Not only that, you also have to consider what happens when the autobalancer balances the ratios in a pool. If statera is sold or bought by the autobalancer (via delta or pure statera) it will first correct the ratios, then it will burn 1% of the statera involved in the transaction which means it will have to be rebalanced again. This maximizes burn and volume for very little effort. AKA, maximizes your profits in the pool both short-term and long-term. You can find proof of all of this in the Whitepaper.

I, STAGGOTANON, HEREBY DECLARE MY PARTICIPATION IN KICKING OFF STA'S BULLRU

If I want to pool 10k or 20k sta how do I do it? Pool sta & Eth into delta, then delta into phoenix? Someones going to need to write a retard proof step by step guide. Also, how much Eth do I need to pool with the sta in delta if I pool 10 or 20k sta?

>>24686391
I want to add to this, the whole idea behind statera and the deflation is to secure and maximize profits for as little risk as possible as well as reducing volatility over time. It literally worked so well in Balancer that the devs said statera was almost cheating the pooling system (pic related, balancer dev talking about statera)

>>24686510
I know that the dollar amount needs to be the same for sta and eth when you pool, so like 100 dollars worth of both (totaling 200).

On uniswap it’s easy, putting sta and eth together then you get delta. I think if you check it on youtube there will be a guide which btw is not needed for long as we get the Dashboard

>>24686682
Thanks anon I'll look. How much are people planning to pool?

Okay but if literally nobody buys the token then there’s zero money to make. This shit is so pointless guys. It dies without new investors aka PONZI
Are we in 2018 again!!?? Only the feds can make money appear out of thin air, not you

>>24686614
AAAAAAAAAAAAAAAAAAAAA

>>24687015
It wouldn't die without new investors. Once the pools are big enough its unstoppable. We don't need you, but you're welcome to buy in after you miss the bottom.

>>24687015
Oh shit you right. It’s a fucking ponzi abandon ship I didn’t take this into account

>>24683721
I, STAGGOTANON, HEREBY DECLARE MY PARTICIPATION IN KICKING OFF STA'S BULLRUN

>>24687015
>if no one buys my product, I won't make any profits
What a genius

I, STAGGOTANON, HEREBY DECLARE MY PARTICIPATION IN KICKING OFF STA'S BULLRUN

someone post the rankings, popped out to double my stack for a few days on xBTC and BASE. Curious to see where ill stand when i buy in soon

>>24687824

>>24687174

>>24687888
Is there any statesmen or higher on biz?

>>24685787
what fucking cryptoCURRENCY are you "using"?

>>24687328

Ultra STAutist checking in.

For being a hated shitcoin it has some solid memes

I've been too focused on xBTC for the past couple of days but you guys seem to be doing well.

Price still holding despite the daily china dump is probably the most bullish sign in a while. Only 1.5M to go in case he has decided to sell it all.

Current comfy levels are pretty high as I've made the amount of gains with xBTC too that I don't have to worry about STA too much either.

>>24689301
>For being a hated shitcoin
There's at most two or three people "hating" on STA and each one of them is in serious need of mental help. The amount of dedication and the time they have spent fudding STA.. it's impossible if you're not a total mental case.

Stay the fuck away from this piece of shit

>>24689574
Wow you have an incredible imagination and I hope it never dies but I do feel you've wasted it on such trivial things and you should feel somewhat ashamed of that. Be better.

>>24689574
Here's one in the wild. Going through the trouble of making that image and also very likely to be the OP of the "chinese whale admits" thread.

>>24689574
lmao how much time was spent to make that fud pic

>>24688261
Yes

T. Statesman who is down 50%

>>24688261
STArchangel checking in

STA is so bloody based
LETS GO BOYS
$100 IS INEVITABLE

>>24689626
>>24689763
>>24689794
>>24689952
>>24690829
Samefag
This piece of shit is dead forever

>>24690905
lol

>>24690905
How can it ever die when you cannot let go? You will be making Statera threads on biz for the next ten years because you bought at 40c, sold at 5c and refused to buy back until it went up to $10.

I know man, it can wreck your brain pretty bad but you can get help for that.

>>24691358
>>24691324
>>24683764
>>24683788
>>24683804
>>24683832
>>24683925
>>24684119
>>24684152
>>24684183
>>24684198
>>24684231
>>24684256
>>24684301
>>24684356
>>24684362
>>24684438
>>24684572
>>24684596
>>24684717
>>24684732
>>24684804
>>24685071
>>24685183
>>24685337
>>24685462
>>24685528
>>24685575
>>24685717
Samefag
Also nigger
>you will never be white
Seethe shitskins
Also thanks just bought 100k