STATERA: AN INDEXED DEFLATIONARY TOKEN
Statera’s namesake is derived from the Latin word for Balance. Statera (STA) is a smart contract powered Indexed Deflationary Token (IDT) which synergizes with a trustless and community driven portfolio of class-leading cryptocurrencies. The portfolio includes: Wrapped Bitcoin (WBTC), Wrapped Ethereum (WETH), Chainlink (LINK), Synthetix (SNX), and Delta (50/50 ETH/STA). We use the Delta Token inside of the Index Fund because it safely allows for deflation to happen on all exchanges.
The portfolio is weighted as such: Delta (40%), wETH (30%), wBTC (10%), SNX (10%), LINK (10%). This weighting maximizes our returns for holders and puts a bigger weighting towards Ethereum because it is the protocol that many of the top 100 cryptocurrencies run on.
The concept of an IDT is that by continuously burning a small portion of the circulating token supply and participating in an Index Fund, the IDT will realize risk-mitigating sector exposure and drive portfolio participation.
STATERA TOKENOMICS
To describe Statera’s tokenomics (token-economics) accurately, we must understand two definitions: Index Fund and Liquidity Pool. Wikipedia describes an Index Fund as a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that the fund can track a specified basket of underlying investments. Some examples of popular stock index funds include: the S&P 500 and the Russell 2000.
“A liquidity pool is a smart contract driven decentralized pool of funds based around a tradable cryptocurrency pair. In practice, a liquidity provider deposits equal amounts of the trading cryptocurrencies into a pool and in return receives compensation in the form of trading fees generated by the exchange that the pool is attached to.”
Statera’s Index Fund is a hybrid of a liquidity pool and an index fund. It is designed to track leading crypto tokens and allow the Statera token to function in an intuitive way.
Let us examine Statera in motion. On every Statera transaction 1% of that transaction’s value is burned. Meanwhile, in the Index Fund portfolio, all five tokens maintain a balanced share of the portfolio’s wealth through the use of a smart contract portfolio manager. When an asset’s ratio increases relative to the others, the portfolio will re-balance itself by selling the token that has gained value. This is accomplished by utilizing arbitrage opportunities in the external markets for the imbalanced tokens. This means that if Statera’s price drops, the portfolio manager will sell the other coins for Delta (since 50% of Delta’s price is Statera). If Statera’s value rises, the portfolio manager will sell Delta for the other coins. This is good for a variety of reasons: the AI is a direct competitor to swing traders, discouraging the dumps and pumps that always come from that. Moreover, it also helps negate dumps in general, as it offsets the loss from a large sell order. As the Delta Token’s price fluctuates constant arbitrage happens which destroys or creates Delta Tokens, each time this happens, deflation happens.
Now we can see where Statera’s magic happens. By including Delta in the portfolio (or Statera directly if the exchange has secure code), Statera’s deflationary process speeds up, tokens are burned, and supply is reduced. As a result, the trading volume of Statera is naturally bound to increase. On top of that the portfolio acts as a liquidity provider and collects fees from the trading it conducts, the added volume means it collects more fees for holders.
STATERA DISTRIBUTION
Statera V3 was distributed in the form of shares of the Index Fund liquidity pool on Balancer. Every Statera V1 and Statera Classic (STAC) holder at that time received a percentage share of the Index Fund in the form of BPT tokens, calculated in proportions for Statera V3.
BPT holders can unlock their share of the Index Fund and withdraw liquidity using BPTs. As previously mentioned, the initial supply was 101,000,000 and as of publishing, the circulating supply is now 95,386,371, meaning that a total of 5.6% of all tokens have been burned since the birth of this project.
Additionally, as a thank you for all the energy and support of ASH and BURN investors, our previous projects, we are pleased to announce that we will be swapping ASH & BURN tokens for Statera tokens. This swap will come directly from our development fund which is less than 5% of the total supply of Statera. We fully believe in creating a strong community where we support each other. To that end, we believe that compensating our early investors is imperative for the success of the project. Moving forward, we will not mint new tokens at any stage. For instructions on swapping ASH & BURN for Statera, please wait for further announcements.
CONCLUSION
We are happy to announce that we have created a finalized contract that is completely trustless! Statera V3 was successfully deployed and after much testing, is fully functional. Through Delta Token we have also found a way to connect deflation to any exchange and any financial instrument on earth, even if they do not have fully secured code around Fee of Transfer tokens (a term for deflationary tokens).
Once again, we’d like to thank all of our community members for the love and support you have given to us throughout this teething period. The project is finalized and is now completely in the community’s hands. We will continue to provide updates as frequently as possible.
STATERA FAQS
Q: What does Statera do?
A: Statera works as a deflationary index fund, a store of value and Proof of Balance.
Q: What is Re-Balance?
A: Re-balance is the process whereby the Balancer will automatically sell off assets which are disproportionately higher than others. For example, if BTC pumps, the Balancer will sell off BTC to regain a balanced ratio across all tokens.
Q: Where can I purchase Statera?
A: Currently you can visit our website: https://www.stateratoken.com and click ‘Trade’, you will be redirected to the Uniswap exchange whereby you can purchase and trade Statera. Statera will be listed on more exchanges in the future.
Q: How can I view the price of Statera?
A: Statera’s price and other market stats can be viewed on Uniswap V1 (by viewing 1 STA → USDC). It has come to our attention that there are delays in price and volume updates on CoinGecko, so we do not recommend using that for now. We have been in contact with CoinGecko and we hope to have this resolved soon.
Q: How do I add liquidity to the pool?
A: You can add liquidity to the pool through the ‘portfolio’ link on our website.
Q: Does Statera have its own blockchain?
A: No, Statera is built on the Ethereum blockchain.
CONTACTS
Website: https://www.stateratoken.com
Socials: Telegram, Twitter, Announcement, Medium, Publish0x.
Support: support@stateratoken.com.
