STATERA

Introducing STATERA

Introducing STATERA

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Introducing STATERA

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Hello Crowdholders,

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.

INDEXED-DEFLATIONARY TOKEN

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 [STA]

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.

Blockchain: Ethereum.

Website: Statera

Community: Telegram | Twitter

Contract address: Etherscan

Current exchange: Uniswap-V2. 

 


What are your first impression?

👉 Go to our community to learn more about us and then leave your comment below.

Looking forward to hearing your feedback.

Yours,

The STATERA team

 


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25 COMMENTS 90 VOTES

Most recent Most verbose

Picxy Joe expert

This is welcome opportunity, however there should be plans to make it stable and active, something that one can feel proud of having, so investors will have a reason to smile, cos because of this recent pandemic what most investors need now is not just another dormant investment, but an investment with promise. Kindly address the ability for this venture to thrive through changing technology and adapts to innovative trends 

8 hours ago

Mr. V new user

Deflationary tokens could run into some serious issues before they have a chance to prove themselves. Real utility is hard to engineer, and investors and merchants may not want to buy or accept these tokens in the far-flung future. Deflationary tokens could be more promising as way for investors to hedge against inflation – but only slightly

Previously we have following etereum tokens:
BOMB token - 1% of the tokens used in that transaction are destroyed.
NUKE token - 2% burn rate
And we have one tron based token named : void with 3% burn rate

So the question is how your project is different from the ones which have already tested this model with little success!

23 hours ago

Hmm I think this sounds pretty great in theory. A balanced index of really solid projects (MKR, ETH, LINK, ENJ) combined with a few stablecoins is a pretty good idea indeed. Just wondering if there would be any other funds available as time goes on? And also why would you choose a stablecoin like DZAR? Wouldn't a more popular ERC-20 option be better like USDC for example?

2 days ago

Dammy Abubakr new user

Thanks for you comment.
DZAR is one of our main Projects

2 days ago

Although I have seen other deflationary tokens, this is the first I am aware of that has a portfolio of well-established coins/tokens that are bought when the token is purchased.  As I understand it, this makes its more than just a Deflationary Token, it is also an investment mechanism that offers something akin to a "mutual fund"  of targeted coins on the Ethereum blockchain market.  This makes your token intriguing, and likely to have a better acceptance and potential for sustainability then prior deflation tokens I have seen.  

 

A few questions - 

How will changes in the portfolio tokens affect the price of STA over time?

Will holders of STA receive any "dividends" if the portfolio value increases substantially?

Do you have any specific marketing plans to help drive adoption and proliferation of this product?

3 days ago

Dammy Abubakr new user

Hi.
Over the last few hours, we made a few changes to the project!
While the core concept remains the same, the project is now 100% trustless.
We no longer have control as developers. more updates will be reveal on my next blog here. stay tuned.

in the mean time, visit stateratoken.com for more details

1 day ago

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4 days ago

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5 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I love deflationary tokens, tokens that undergo burning upon transaction to be precise. The problem I have though is that other than going through burning to increase its value, it serves no other purpose - well, for the ones I know of so far.

So here comes Statera with a mechanism where even though the token decreases with burning, it's value increases because it's spread among other well established coins/tokens all the while maintaining a stable volume (per my understanding). This is a great concept. I have a few questions though.

-- Will an increase in the prices of portfolio tokens affect the price of STA?

-- Since you're building Statera on the Ethereum blockchain how will the upgrade of Ethereum to Ether 2.0 affect Statera? Or does it affect it at all?

-- Are you going to have a multipurpose wallet for Statera?

-- A lot of deflationary tokens have popped up since the concept was conceived in 2018 (I stand to be corrected). Most of them having become stale, dormant and nonfunctional especially with this raging pandemic. What steps have you taken to ensure you overcome such issues?

-- Will you have an app for Statera?

6 days ago

Karen M guru

My first impression was' here we go with another new token' but I kept reading and Statera is different in that there is a portfolio of tokens. It's almost like a mutual fund compared to a single company stock-- (but in the crypto world) I think it has potential. Time will tell of course. As I've been with crowdholding for quite a while now and there are many tokens we've been introduced to that are still just sitting there so to speak.

1 week ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Congrats Karen. You hit 100k YUP on Crowdholding. That's amazing.

4 days ago

Karen M guru

Thanks De Gem! I have never cashed out anything yet. So what you see is my lifetime earnings!!!

4 days ago

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De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

wallet. I haven't used any YUP of mine either.

1 day ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Oh Lord this edit button. I meant to say that part of my YUP earnings is in my Metamask wallet. I haven't used any YUP of mine either.

1 day ago

Karen M guru

You and I have talked about that edit button since we joined CH...... I'm not sure what to do with my earnings here. I don't have metamask. I do have an ETH wallet.(Trust).

1 day ago

Dev Ranjan guru

I also have not cashed out my YUP tokens till now. Just collecting in my ether wallet.

19 hours ago

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We like this project, we run a unique program, well we just started a running this week. We are looking to add networks, coins, and utilities that are going to be easy to use for beginners with a coach, provides the most benificial value to our network, as well as provides a strong incentive to maintain users. We will be following this project, and we do look forward to further development. 

1 week ago

Dammy Abubakr new user

Thanks for the comment, to follow updates regarding the STATERA, you can follow up on our telegram channel till we have our website up and running.
I think we can continue this thread over there!

1 week ago

I`m always looking for new prospects so I'm up for following with your future developments. Thank you for the heads up and for reaching out via Crowdholding also.

 

1 week ago

Dammy Abubakr new user

Thanks for your kind words

1 week ago

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1 week ago

Having another deflationary coin isn't anything new, but this concept of having a portfolio of tokens that are bought with whatever STA is purchased with is worth looking into, since the deflationary part seems to be more of an investment than a simple removal from supply. 

1 week ago

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1 week ago

This the first of it kind and pray it comes out big positively more than the founder and his team and we users imagine

1 week ago

I think Statera has a unique kind of token different from we use to have, the balance feature across other tokens during trading will make it stand tall among other deflationary tokens

1 week ago