/biz/ - Business & Finance

>>23265016
It’s a fork of bomb with a balancer pool that anons hype up as the next big thing. One of the founders is named Abu, and they hired a literal trannie to moderate the telegram. Not much more needs to be said here.

>>23265016
STA is never going anywhere because discord and /biz/ are the only two places that have heard about it

Discord tranny, part time devs, the list goes on and on dump this scam

Ah now I understand

Let’s not forget about the hack which resulted in hundreds of thousands of dollars lost. Most of you anons won’t believe me, but I was close with a former team member at STA. The dev was aware of the exploit but said they weren’t worried about it because one would need ownership of Atleast 80% of the balancer pool, and they didn’t think that would be possible. They just didn’t think of flash loans.

>inb4 source: trust me

Stay poor faggots, this shit will never stop pumping then dumping, and sta shills will disappear only to reappear again in an effort to offload their heavy bags.

Oh, and let’s not forget about sta v1, v2, STAC, and v3

>>23265016
Your better off holding the coins in the pool, there really is no need for STA the coin.
if you got in early like me back in may after the v1, v2 stuff. you made bank. 400usd to way over 10k from this shitcoin. ty STA

There's no any incentive to join the Balancer pool, and because of that STA is just another deflationary token

>>23265537
at the same time, i'm thinking of buying back in too, have a moonbag you just never know what tards will buy.

>>23265490
>Let’s not forget about the hack
>Oh, and let’s not forget about sta v1, v2, STAC, and v3

Can you explain why any of this would matter when Statera tripled its ATH after the Balancer hack and is still sitting above the price it was even before the hack?

Sold when I read that the dashboard could be delayed until December, probably buying back in later though

>>23265592
That’s exactly why sta was able to do so. V1, V2, and STAC gave them the funds to launch V3 with a balancer pool with up to $400,000 in liquidity. I was in v1, had about 10 eth in pre fuck up and the refund was like 5 link, 4 snx, and so on. I got around $100 for what was worth over $2k, and they called that a refund. Where do you think the rest of the money went? V3 pool?

>>23265016
The fact that they haven’t delivered and keep delaying the dashboard is concerning. This isn’t a hard initiative and it brings into question the competency and/or commitment of the devs.

Communication to the community is awful. You should be able to share a roadmaps with concrete goals and timing to your community.

It’s a solid idea and if it fails it will be because the team is JV.

>>23265710
you sold over a fake telegram convo, well done anon well done. you will probably end up destitute and you deserve it

>>23265294
>>23265537
Literally these two things are all you need to know

>>23265569
Actually, there are huge incentives. It's literally unlimited money. It's the whole point of the project and people who pooled at the last pump are still making insane amounts of money right now and are starting to unpool in anticipation of the next pump. People act like Statera is this vaporware project, but those who know how to use it have been making obscene amounts of money off it.

>>23265257
Abu is not a founder or a dev. His title is "Community Manager of Statera." Meghan is also not a developer. She just helps moderate the telegram. Sheesh.

>>23265490
Hack was a part of Balancer, which has been fixed. Full refund and more on the hack, which is completely unprecedented in a "pump and dump" scheme.

>>23265878
Genuinely cannot unfud this, because it can't be proven true one way or the other. Somehow, when someone who goes to Harvard, spends hundreds of thousands on their education, and gets a master puts it on their resume that they were behind the Balancer hack refund, and puts their face on it to promote their next project, I think it's quite possible you are lying. I don't think anyone needed your 10 eth.

Low IQ fud bread. Disappointing.

>>23266632
so why is this sgammer calling himself the ceo of xbtc a coin with a lower market cap instead of ceo/founder of statera .... theres an ama about statera on the 15th and his title literally says hes just statera community member and CEO of xbtc... pretty concerning

>>23266744
Because this is in the white paper for xBtc, which was an unknown project at the release of the white paper.

>>23266744
Devs are anonymous for true decentralization purposes (think Satoshi Nakamoto); however, people who have worked on the project and been paid to work on it are not making small amounts of money. With only a 4% dev wallet, and a short stop on the telegram, you can tell the people who have invested their energy into getting Statera to the point it is at have high hopes.

>>23265016
The coin does jackshit and even if it did something relevant the dev isn't fast enough to do stuff by himself. He probably has a job that takes most of his day.

But

I think there's enough potential and hype for a x2 ~ x3 in the short term at very least, so it's worth buying at this price.

why do you fud so hard? because you don't have any bags hahahah

you just know it is the new link

>>23266632
>>23266637
>>23266774
>>23266811
Oh no no no the STA telegram has caught wind of this thread

>>23266566
>>23266744
>>23266811
Checked

>>23266888
Full house

So many FUD threads. BULLISH $1 EOY

>>23266888
Coin synergizes with Balancer, as you can see the devs have worked together. Its not a "jack shit" coin and is a token that actually does something, instead of the BAL governance token -- already listed on Coinbase.

>>23266981
Sorry but to me this sounds like "we sent this email to coinmarketcap and they said cool we'll talk about it one day and so this is part of our resume now" fluff.
I have a small stack but unless winds change I'm not that into this project.
Still it has the better and safer pump material of any coin currently relevant.

>>23265989
Yea, if the December leak wasn't true, I'd argue it's even worse. I expect it to be out in December

>>23265710
Same. But apparently the December thing was fake? There were literal screenshots though. Photoshop?

Shut the fuck up about this December stuff. Yes it might be out in December as they haven’t told us an estimated time who cares. Just swing until it’s announced

>>23267127
I'll admit the Statera team isn't releasing things as quickly as I'd like. But they also haven't let me down yet
I still say the dashboard and marketing happen in October. But if not, it's no big deal. STA isn't going to die, it just won't pump much either. I'm in this for the long haul, so a couple of months is nothing

Maybe they'll go away by STOP FUCKING POSTING THESE STUPID THREADS. WE ALREADY KNOW THAT ITS A SCAM.

>>23267299
Yep I think we will range between 5-10c until December then dashboard comes out and marketing starts. Full faith in team though

>>23267335
2bh it’s not a scam. Just devs are lazy postponing stuff all the way from August to now December. Whatever it took Ample 1 year before it mooned. We will hit $10 eventually

>>23267231
can u see the pixels?

>>23267231
Telegram fake convo app. Last thing anyone said was "before this weekend" but it was also said the dash and the new dev work are separate and might not be announced together.. so it could be either one

i fell for this scam:(

>>23265989

Sorry that you cannot buy the rumour and sell the news.

They have provided no ETA, they have said it is upcoming and teased at it, but have not provided a deadline and therefore are not missing any deadlines. So far they have always delivered on their promises, so they have given no reason to doubt them.

The community communication is always clear. Being told no date will be given and the reason for this is clear communication. Just because you don't like being told no, well who gives a fuck about your feelings?

I agree about a roadmap, but as this is a community project. The community decides the direction. I would personally want it focused on becoming an extremely normie friendly fund.


>>23267127
>>23265710
There was no leak. It was a low effort FUD that suddenly appeared with all the morning FUD threads. I really worry if you take that as actual news.

>>23267231
https://fakedetail.com/fake-telegram-chat-generator

Welcome to 2020

>>23267367
The screenshot wasn’t like that lol. It didn’t have two of those phone signal bars at the top either. Still not 100% sure it was fake. Devs haven’t given us an ETA anyways, hopefully it was

>>23267399
Someone said there was drama about those news in the Telegram though? I didn’t see a screenshot or anything of the messages

>>23267496
Abu got mad at someone for pointing out the fact that it would be delayed until December. Megan was banning people for no reason like always. It got cleared up later though but the messages were removed. Not a very good sign.

Here's what I have as fud:
STA's viability at the midterm depends on Uniswap, Balancer, wETH, and wBTC. I'm leery about wBTC as it isn't BTC and I never found a viable easy way to unwrap it.
If the burn is isolated to the delta token, does that mean burn is initiated when Phoenix trades delta? Doesn't this neuter the whole burn process?
On the topic of Delta, why did they re-brand a Uniswap liquidity token and call it something special? It isn't really that special.
The Telegram is pretty dead, but at least they are good at answering technical questions.
If ETH 2.0 shits the bed, STA is done.

Anyway, that's my non-schizo take. I own 80k and am trying to accumulate up to 100k, as I have faith the above hose of cards will not collapse, but if any component we rely on shits the bed (such as major scandals that may happen on Uniswap, Balancer, and/or the Ethereum Network), then STA is fucked.

>>23267640
True. And it doesn't help that updates are taking longer than 2 months to finish, double that now.

>>23267640
>If the burn is isolated to the delta token, does that mean burn is initiated when Phoenix trades delta?
It isn't isolated to the Delta token, its pretty much the opposite of that, when the Sta is moving on its own or through the 2 main Uniswap pools it is burning but if you just sent already minted Delta back and forth between 2 wallets you wouldn't see burn in that particular token.

Balancer pool is low now, what happened to the refund jumpstarting this project? The pool was bigger before the hack.

The volume is so low.

Whales keep swinging the fuck out of STA, its going to go to point that it will kill this progress.

The effect of the burn aspect is negligible.

>>23267640
Oh and the naming thing I think they probably were the first to use liquidity tokens like that. There's another pool that Delta feeds off of and you'd have to do some kind if naming even if you were just giving them numbers

>>23267545
Sounds like Abu and Megan are still being based as usual desu.

>>23267822
Balancer pool is low because people are anticipating pump. It's really as simple as that
Volume is definitely low, and will likely stay that way until something happens (news, updates, or marketing.)
Swing trading is going to happen, not much can be done about that
The burn aspect is still relevant, even though the burn rate has slowed down considerably. It will absolutely matter in the long term though. If STA really takes off, the constant trading / rebalancing of pools is going to increase the burn rate significantly

How many STA for a girl (man) like Megan?

Besides development being slow as fuck and the team running low on funds there’s no ”legitimate” fud about Statera. Just stop obsessing over it, it will go away eventually if it’s as useless as you’ve said for the past four months.

>>23267545
Not true, this never happened

>>23268071
Correct, just like back in July.
>>23268215
Don't lie. We don't want to be like the XRP schizos. What happened has happened, let's move on from here.

>>23267545
I don't use telegram, so I'm a bit out of the loop. I'm confused about this, maybe you can clear it up
Did the team say the dashboard would be delayed until December? Or was that just people speculating?
If the team did say it, then why would Abu get mad that people repeated it?
It sounds more like rumors that people started stating as facts. In that case I could see why Abu would get mad

>TFW these window-licking troglodytes still don't understand that ALL FUD IS BULLISH

>>23268631
Abu is a melanin enriched man, there is no logic, reasoning or consideration of long term effects when he makes a move.

>>23265016
>1PBTID
You come across deflated, Pigerz. Is the reality of STA being inevitable taking its toll? Pls reply.

>>23265016
STA will moon because come bull run biz and discords will shill to normies non-stop

>>23267545
>>23268445

That never happened, if you have evidence otherwise, please do provide it. I never saw anything even close to this.

>>23268631
Never happened, that's why there are many illogical points to the story.

There was never any date given by the team, but it seems to be the new FUD

>>23269215
Tranny from the telegram how about u post proof of anything at all instead of just saying its false faggot

>>23269363
>post proof of a negative
Definitely not going to make it, sir.

Just a deflationary token that has a balancer pool. The balancer pool is super shitty because no one trades Delta token there is almost no Volume. The only thing this project has going for it is alot of hype (for nothing lol). I mean it was good with the old balancer pool when sta was in the pool but now, nope. Also Uni V3 will kill it

Abu was confronted with someone calling out his wallet and displaying how Abu continuously dumped STA into the market. Abu banned the fella not only from STA groups but all other crypto groups he's admin at and deleted all messages regarding it. Pretty telling if you ask me.

>>23266744
Because he's not the CEO/founder of Statera you faggot

So fucking glad I sold and bought xBTC

>>23270749
Not really, the messages are in the other Statera group and are still viewable to everyone.

It was a bunch of nonsense. Even when he was provided answers to his questions, he rejected them over and over and continued with his guilty until proven innocent act. Everyone saw it and you can go and see it now.

Whether Abu swings his STA from his personal account or not is irrelevant to me. He is a community member like everyone else and is free to do what he wants with his personal funds.

If I suddenly decided to volunteer to help the team, would I also be expected to stop trading? what a joke.

>>23271001
STA is up like 60% since xBTC launched you fucking retard lmao

>>23267299
Based and checked

Why do we need STA when CORE exist and has even more usecases?

>>23271078
Yes, there's such a thing as insider trading. So you kinda would be expected to not trade. But yeah, what does the legitimacy and integrity of team members mean these days.

>>23270749
He dumped 50%of his stack in may and early june. Does it really matter at this point? During the ATH pump he sold less than 15% and has since bought 21k tokens more than what he’s sold.

The guy was banned because he joined the chat outright calling Abu and Statera a scam. He was much more civilized in the other channel where his messages remain.

>>23269995
I’m not an expert but I’m pretty sure that doesn’t affect tokens with a burn function.

>>23271341
Do these two tokens really have anything to do with each other anyway? Also Core is dumping while Statera is doing the usual STA crab.

>>23271455
kek good one


>>23271501
This

>>23268445
>What happened has happened, let's move on from here.
No, it did not happen. Funny you’re calling me a liar when you yourself made the claim with literally zero evidence. Trust me bro, right?

>>23270749
>>23271455
*the stench of reddit overwhelms your senses*

>>23271609
I can vouch for him. Saw it happen. I think the situation is blown completely put of proportion though. They said it MIGHT be delayed. We might very well see it released already in November

>>23271720
From an earlier reply by you ITT:
>Someone said there was drama about those news in the Telegram though? I didn’t see a screenshot or anything of the messages

>>23271817
Great... I see the Telegram trannies have started to fake fud and "accidentally" mess up. Tragic.

Even if it was fud, have you seen claims it would come out before December? NO. You are just hoping it would come out quicker. Literal copemachines.

>>23271720
>>23271817
It's really hard to remember all the lies you already told when you make up new ones.

It's such a low effort FUD attempt.

>>23271932
Am I wrong? No evidence of it coming out earlier. The only evidence we have is that "there is no ETA currently". If you want to be optimistic, hope for it to come out in November. Even December might be too early. Damn look at how long it takes for the Stakenet devs. This is not easy job we are talking about here.

>>23271861
No one made that claim, how about you prove your claim with some actual evidence?

Can't do it?

>>23271987
>there is no ETA currently
Yeah that what I have been saying. So we agree.

>>23271720
How can something with no published release date be delayed?

>>23271861
I’m not saying it will come earlier, it’s entirely possible that it’s coming in Dec for all I know.

I’m only arguing that no messages were deleted and Abu has never said it is delayed until December. Fudders resorting to outright lies just pisses me off so bad.

>>23272021
Exactly. In that case no one knows if it will come out in December if it actually is delayed like they said. They even said they won't be releasing the "secret project" at the same time as the dashboard since it will take them a bit longer to develop the UI.

>>23272033
Back in August they did say it would take around one month. Yet here we are in the middle of October with no ETA still. It’s perfectly reasonable to assume it will take a couple months more until they give ”breadcrumb hints” as they like to call it.

>>23272111
>august
It was announced September 11th. No ETA given.

>>23272111
Update on October 11th. No ETA given.

I hope these fudders don’t buy in until it spikes back to $0.50 and fomo back in

>>23272215
>>23272242
That’s odd. They must have removed the announcement.

(An updated UI is actually mentioned in an earlier announcement but again no ETA given.

>>23272215
>>23272242
Thanks for these.

Don't like how they keep dragging out time. Starting to wonder whether there will actually be a dashboard this year or not. These people are not working full-time on the project so we can't expect much.

>>23272408
Little man, you can just fuck off. Your fud is shit tier and pitifully transparent. Take some pride in your craft.

>>23272065
I 100% agree, we don't know when it will come out. It could be tomorrow, it could be January. My issue lies with people stating it has been announced that it will be released X date, when that isn't the case.

>>23272057
Same.

>>23272408
I would assume they are looking to release the updates along with their marketing cycle to increase exposure and generate more interest. Don't forget that they have a limited budget as they refunded from the dev wallet, so they need to use the most efficient strategy to market.

I do agree that development is slower than I would have liked, but it isn't an unreasonable wait...yet.

>>23272690
Adding onto this.

The team have also shown they can deliver and are worth putting our trust in. This is enough for me to wait patiently for the dashboard and secret update. They haven't let me down yet, so I will have a little faith in them.

We won't all be millionaires overnight, but I trust that this team will help us on our way. Just maybe, not as quickly as we would have liked, but much faster than we would have otherwise.

>>23272804
Based my dude
And I agree, I'm going to trust the team until they give me a reason not to

As predicted the shills arrive after a good night's rest. If the project is good the discussion would be organic. This discussion is clearly orchestrated by the discord or telegram.

>>23273150
>As predicted the shills arrive after a good night's rest
>1 post by this ID

>>23272690
>>23272804
Agree. I still trust the team, but to expect the dashboard to come out anytime soon is wishful thinking.

Not selling even if dashboard isn’t coming out until December