Today we would love to introduce ourselves. We're STATERA.
Currently we are at an early stage and we can't wait to work more with you to improve our product ✊
Curious about who we are and what’s our business is about?
“A Smart Contract Index Deflationary Token”
…a smart contract deflationary token within a portfolio of selective coins/token built on the Ethereum blockchain.
The idea behind an indexed deflationary token is to keep cutting the circulating supply on a transaction basis, coupled with an investment in diverse selective coins on the Ethereum blockchain market.
Using balancer, the idea is to have a deflationary token inside a pool with other assets for example; USDC, ENJ, LINK, KNC, etc. along with the deflationary token itself, all of which are in one pool. When the token is bought, it will automatically rebalance into other sets in the pool, increasing the trade volume and at the same time burning. A mix of index/portfolio token with a deflationary token.
Statera, in Latin, means Balance. STA is a trustless smart contract deflationary token within a portfolio of selective coins/token built on the Ethereum blockchain. The index portfolio includes WETH, WBTC, LINK, SNX, & STA. STA is built on a smart contract, holding all the funds including STA itself.
When STA is purchased with ETH, ETH is spread into the weight in the portfolio and STA purchased gets removed from the index amount. The index suit is not fixed, i.e. the coins in the portfolio can be easily replaced should in case the market demand for a change.
The index also charges a fee. Every time a trade is executed through it (not a purchase of STA this time around, but swapping DAI for ETH for example), 1% stays behind and is shared between the portfolio. With the deflationary attribute of STA, the more trades that occur, the more valuable it becomes. The idea is that a price difference will lead to auto-balancing, which means burning. There you have it, An Index-Deflationary Token.
STATERA [STA] TOKEN INFORMATION
Total Supply: 100, 000, 000.
Burn rate: 1% on each transaction.
Contract address: Etherscan
Current exchange: Uniswap-V2.
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Looking forward to hearing your feedback.
The STATERA team
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