/biz/ - Business & Finance

bagholder here
understand this: https://noproxy.pools.balancer.exchange/#/pool/0x0e511Aa1a137AaD267dfe3a6bFCa0b856C1a3682

It’s crypto. That’s literally the only answer you need.

The low liquidity and volume was an issue with stats not displaying properly. It was traded on uniswap v1 for the first week and did not have an info page to reflect data. The only data pulled on V2 was from people buying, because you could not sell until yesterday (or 2 days ago, when they finally fixed their shit).

As an early one in STA v1 I've gone through all the process, and like most, in the swap from v1 to v3, our pool worth was less than what Uniswap displayed. - I had 250k of STA v1, worth about 4 ETH, and my pool share was about 300$ at launch. Adding on to that, with slippage and all, it would be closer to 350$ in value so yeah, bit of a loss. Bought more V3 the moment it was released.

The problem is, many people treated this as a pump and dump and half of this board fomo'd in after an incredible climb from 2c to 15c in a single day, it was not sustainable and not expected even from us. When v3 launched we were going to be happy with 1c end of week.

The project is legit, there's been some bumps in the road, poor documentation, and all the 'frontend stuff' is being worked on as of right now - Keep in mind STA v1 was launched a month before a thread popped up here and it blew uniswap up.

If you wanna call me a bagholder feel free to, I took my initial investment out and I'm riding this to the moon or to 0. This is still crypto, so it depends on how much adoption and traction STA gets outside of 4chan, but the project is legit, and devs cannot dump on you. It's out of their control now and in the hands of people who want to pool in.

>>19595879
it's not that it's an exit scam, it's that it's a pretty useless token. sure, it work as if it were an index fund, but what are the contents of the fund? wrapped eth, wrapped btc, link, a token no one cares about, and a worthless index token. considering most investment anons here probably hold 3/4 of those already, it isn't much diversification. so, is it the autobalancer that makes it valuble? because the autobalancer wasn't even made by STA. anyone could use an autobalancer like that. so it isn't the token, it isn't the pool, and it isn't the autobalancer... what exactly makes this coin valuable? possibly some first mover advantage into automated index funds in crypto? maybe. but that doesn't mean shit if people don't feel like pooling. the deflationary element is actually a meme, but it slows down swing trading which is nice, but it also means you can't put it on any off chain (read, big) exchanges. it's not a scam as much as it is... mediocre? certainly not worth an 8 figure valuation lmao

WHAT DOES IT DO??? IS IT LIKE NANO OR CARDANO???.

>>19596013
This, especially the last point. To any budding devs out there, rip off Stateras entire setup but just remove the burn function. Shill like crazy how Sta will never get on binance, Kucoin, idex, etc, don't hoard 50% of the supply like a Jew, find some good liquidity for the pool, and we can all make it. First mover advantage only works if the project is good, but Sta is flawed. It's a good idea, but it's Myspace, so some smart anons with a budget, make us a Facebook. Just don't be greedy

>>19595879
Crypto in general is a ponzi scheme. What does it matter if it’s a scam if it’s profitable? Buy a small bag and make some money.

>>19596002
That was a nice, convincing response. If I was only 3 years younger, I'd have FOMO'd in after reading your post.
>>19596013
>>19596128
Thanks for your answer, anon. I suppose that Statera is one of those cases where the idea in concept is stellar, but the implementation could be a little better. However, the first mover advantage it has now will probably hold more significance in the future, even if better alternatives show up. I think that Bitcoin has now BCH to serve as an example of this.

>>19596013
Tell me you reddit faggot. what does HEX do? Did it invent staking or lock ups? Go check its valuation. Now go and fucking buy Nano you stupid fag.

>>19596128
this, and maybe even change up what the funds are in. is there a way to only use wrapped funds? is there wrapped XMR or wrapped NEO or something to use? Chainlink is pretty much the only ERC-20 I would want in the portfolio

>>19596013
> a token no one cares about
SNX is the top 2 token on defipulse
https://defipulse.com/

The value is STA is derived from the pool which consists of BTC / ETH / LINK / SNX. If you are bullish on those coins, then you are bullish on STA because when they pump the balancer will automatically shave off some profits to buy some STA. STA has a 1% burn for every transaction, and since it's constantly being traded by the balancer the burn rate is quite high. It has first mover advantage because copying the idea isn't enough, you need good liquidity to make it worthwhile and the pool happens to have ~210K worth right now. The more liquidity the pool has, the more STA will benefit from pumps in the other coins and the more "Thanos" will be able to counter dumps. Exit scams are impossible since all the coins have been distributed, everything is automated and trustless, its in the hands of the community.

TL;DR; Price is based on supply and demand.
Pool balancer creates constant demand for STA (assuming BTC / ETH / LINK / SNX are pumping) while the supply decreases for each transaction.
Increasing demanding + decreasing supply = profit

>>19596191
Hex is a fucking scam anon, do you even know who Richard Heart is? he had been talking about starting this scam coin for years. in crypto, you will see many scams make many people rich, that doesn't change what you are buying

>>19596191
also I bought Nano when it was RaiBlocks kid, grow up

>>19596013
It's the way the deflationary properties interact with the constant re-balancing happening. It has value because it is tightly coupled with the other 4 coins and so if they go up it makes STA appreciate simply because you have a "big" entity buying it. Add the deflationary properties to the equation and it makes it have a slight upwards pressure on its price.

So yes it is very much the token the pool and the autobalancer, combined that enable this. And why STA specifically? Because it already has a big enough liquidity balancer, before and bigger than any other similar project.

So that's part of what makes it have value, the other part is it is a financial instrument, just like any other coin or stock really. People only buy stocks because they believe it's going to go up. Same shit with crypto. Except STA fully embraces this human greed and speculation by trying to be an index fund. A decentralized, trustless index fund with a slight tendency to go up (deflation of STA).

Plus it's not necessarily true that it can't be listed on centralized exchanges. Sure the exchange won't have the burning properties, but then whatever tokens are on the exchange will get burned once they change addresses. And they will eventually change because the exchange will either put them in a cold wallet or user will withdraw and deposit.

>>19596446
>So yes it is very much the token the pool and the autobalancer, combined that enable this. And why STA specifically? Because it already has a big enough liquidity balancer, before and bigger than any other similar project.
so any autobalanced project with a better diversified fund and similar to or more than 200k in funds is all it takes? one rich nerd could crank that out in a weekend lol

>>19596489
Please do then, I'll invest

>>19596489
>one rich nerd could crank that out in a weekend lol
People have been spitballing copycats and throwing shit at the wall trying to displace STA since it's inception. Nothing has stuck yet.

>>19596489
Why would they need to? That token already exists.

>>19596508
quite honestly if I was a more competent solidity dev I would

>>19596546
would have, could have, should have.
really nigger?

>>19596546
And you had 200K for the pool, small detail you might want to keep in mind

>>19596128
great idea, try starting DeFi on Tron while you're at it. Get all the liquidity to move from Ethereum to Tron, you'll be rich!

>>19596489
>>19596546
>one rich nerd could crank that out in a weekend lol
When was the last time we've seen similar FUD?

Many of you speak here as if it was created by the devs purely to cash out.
But when you check etherscan you see that there aren't huge holders with > 10%. If you look back at STAs infant history you see that the token was fairly distributed. You see that none of the bigger holders dumped as would be the case if a dev wanted to exit scam.
You could argue that the devs made many small addresses that together add up to a majority, but if you were there for STA v3 you'd know all of it was cleanly distributed.

As for the various v1 v2 versions they explained it pretty well on their medium.

And now it's a finished product. No bullshit empty promises or roadmaps or whatever. It's already done, 100% completed, in the hands of the community, where no one has control over it. Just like defi should be.

>>19596599
that part I could actually manage
>>19596625
are you telling me Jason Parser is still out there at large?

>>19596636
>Many of you speak here as if it was created by the devs purely to cash out.
>But when you check etherscan you see that there aren't huge holders with > 10%. If you look back at STAs infant history you see that the token was fairly distributed. You see that none of the bigger holders dumped as would be the case if a dev wanted to exit scam.
>You could argue that the devs made many small addresses that together add up to a majority, but if you were there for STA v3 you'd know all of it was cleanly distributed.
>As for the various v1 v2 versions they explained it pretty well on their medium.
>And now it's a finished product. No bullshit empty promises or roadmaps or whatever. It's already done, 100% completed, in the hands of the community, where no one has control over it. Just like defi should be.

>>19596489
Yeah if you can come up with a better portfolio selection, either because it's more diversified or just has fundamentally better coins on it.

But then you just have another index fund. Just like some of the multitude ETFs out there.

Would populate the defi space nicely, it wouldn't necessarily compete (as in with the aim of completely smothering) with STA.

>>19596625
I don't think we'll have to listen to the fud so long this time, the usecase for STA is already in motion.

>>19596688
thanks for the insight
>inb4 you reply with another retarded picture of yourself

>>19596688
>cant think of response
>reposts entire post in greentext with a basedjack
very original anon.

>>19596688
>I'll just greentext what he wrote like a fucking jackass

>>19596723
>Anonymous (ID: 3XnM71fG) 06/08/20(Mon)12:31:42 No.19596723▶
>>>19596688
>thanks for the insight
>>inb4 you reply with another retarded picture of yourself

>>19596128
>Shill like crazy how Sta will never get on binance, Kucoin, idex, etc, don't hoard 50% of the supply like a Jew, find some good liquidity for the pool, and we can all make it
The only thing that will happen out of that is the shilling part. This is already happening.

>>19596769
reverse curry posting

>>19596769
kek

>>19596636
This

>>19596532
It's been one fucking week, you talk like Sta is generations old. Like anon above mentioned, one rich nerd could replicate it, get it on a cex and sta is dead

>>19596978
Also they'd just need to bring up the V1 and V2 debacle, and Sta is a scam in many peoples eyes

>>19596978
Imagine being in crypto and still not understanding first mover advantage

>>19596978
CEXes don't work with burn tokens. They don't trade on chain. The only burn would be from in and out of wallets, so meh, would kinda defeat the point.
>>19597031
https://medium.com/@stateraproject/clearing-the-doubts-about-statera-project-33463edb365b

>>19595879
One can create his own pool of tokens, his own index fond with different assets as many did already with Statera.
Furthermore, snx is more than legit, its a high IQ basket of assets.

>>19596978
>speaking purely in hypotheticals
sure anon, whatever you say

>>19595879
https://youtu.be/O_aAet-Kn40

>>19595879
Thanks for getting this thread going OP. I feel like this is the first rational conversation I've seen about STA yet. the general thread has a few too many moonboi newbs and salty bobo's.

I'm still waiting on the sideline to see how their marketing campaign works out. I think that if they don't reach enough liquidity on the pool then this can totally fail.
that said if they market this correctly boomers and normies who don't what to miss out on wild crypto gains, then this otherwise very simple to understand and relatable idea of an index fund could prove really attractive to those types

>>19597066
A lot of novel tech/'first movers advantage' coins have kicked the bucket over the years. But I think STA is pretty fuckin neat and I haven't seen something novel attempted with this much support right off the bat since... Ethereum I guess. Even antshares took a lot of time to get to $5 from ico.

But the downside is I do have some heavy ass bags because I unironically all-in'd at 11-13 cents after a small initial buy at 5 cents.

>>19597193
The bomb token says otherwise

>>19599172
can you elaborate anon? how do they manage token burns on the CEX, or do they not worry about it and just burn when a person withdrawals from the exchange?

>>19596013
see this response:>>19596234

Anyways, it's only been a fucking week and some since the project has been released. The tokens you call "useless" are actually not, and they can add more if they decide so. It's a more than a decent fucking list, it's the best tokens to bet on that has an actual future, and it's better than what you would ever pick. Probably fucking scam tokens that you did not even read about. Retard.

It's so fucking early to talk shit about the project.
No twink ass pump and dump group could make a fucking chart like Statera did.

This IS ALL ORGANIC.
YOU CANNOT PUMP AND DUMP THIS COIN, IT IS SIMPLY NOT POSSIBLE. ONLY THE BALANCER CAN.

If you just read about the project and did your own damn research, read the generals, you literally wouldn't be even asking what the fuck statera does

>>19600063
>YOU CANNOT PUMP AND DUMP THIS COIN
it already happened lmao, how can you still say this? fucking delusional

>>19600168
0.001 to 0.07 in 9 days. Already at 6 million marketcap and has barely left /biz/
Expect it to be a top 100 coin in a couple of months at most

>>19600063
Agree with the chart part, its text book example

>>19595879
Didn't this shit go from like .001 to .16 or something? Even if it is only .06, or half from ATH, this shit isn't going anywhere let alone over .16

>>19600241
>you can't pump and dump this
>it was pump and dumped
>6 million market cap!
off yourself

>>19600063
What will the value of this token be once link hits $1000?

Watch the youtube video if you doubt it or dont understand it. STA tokenomics was the name of the video.

>>19600291
You forgot your basedjack picture faggot

Forget STA, smartmoney is already buying the next rocket !!!

https://v1.uniswap.exchange/swap/0xb26631c6dda06ad89b93c71400d25692de89c068

Be Quick or you are out !

>>19600486

Fuck off with this stinky shitcoin.

just saying: the tokenomics make so much sense. It just needed a push (traction) which it got, and it'll fly.

seems to make sense to me. honestly crypto is just a big new laboratory and we are just all experimenting and seeing what the fuck works. no one knows where this is going

https://youtu.be/O_aAet-Kn40

This video made it clear. The concept is basically foolproof once everyone contributes and add liquidity to the pool. Slight downside is that it counts on the crypto market to succeed.

>>19600843
If the crypto market doesn't succeed then we're all fucked regardless...

>>19600877
Checked