<\/p>\n\n\n\n
Serg: <\/strong>Hello dear community! Statera will be our guests today :blush: Irina Kravchuk: <\/strong>Another great episode of our AMA series starting. Today we have as our guest @bakreemah<\/a>. <\/strong>Welcome @bakreemah<\/a> , thank for joining us. @derelick<\/a> hello and thanks for joining<\/p>\n\n\n\n G C: <\/strong>Great to be here! Thanks for having us!<\/p>\n\n\n\n Abu-Bakr: <\/strong>Thanks. Am pleased to be here<\/p>\n\n\n\n Serg: <\/strong>Please tell us a bit about yourself and how did get involved with Statera \ud83d\ude42<\/p>\n\n\n\n Irina Kravchuk: <\/strong>Please tell us a few words about yourself guys. Who’s gonna start?<\/p>\n\n\n\n G C: <\/strong>We are all actually community members, there is no team or business behind Statera. We strive to be a fully decentralized asset. Think more Bitcoin less XRP or TRON. Hopefully some day we will be a global immutable deflationary asset, a deflationary Bitcoin, if you will, though that is a big dream!<\/p>\n\n\n\n Abu-Bakr: <\/strong>In addition to this. We have remained decentralized from the beginning and will continue to do so. Today, myself and GC are here, but the next time may be some other community members I don’t even know. Serg: <\/strong>Decentralization is one of the main advatages of the crypto world, it’s very important<\/p>\n\n\n\n G C: <\/strong>Yes it\nprovides many positives and makes for a much further reaching asset,\ncentralization would hold back a pure asset in many ways.<\/p>\n\n\n\n Irina Kravchuk: <\/strong>Maybe you can tell us how did you get involved in Statera, how did you discover the project and the community?<\/p>\n\n\n\n G C: <\/strong>I have been into digital assets since 2012. I have always focused on their ability to dismantle traditional financial systems and bring power back to the many. Classically speaking I received a masters from an Ivy League school and work in a job that wouldn’t love me doing this on my free time. \ud83d\ude42 I found Statera through first hearing of a Deflationary Index Fund, that really piqued my interest, I began researching and writing about it, from there I started writing and doing research for the core team that are helping to steer the direction now. Though we plan on organically fading away and having the community lead in a decentralized way.<\/p>\n\n\n\n Abu-Bakr: <\/strong>I started learning about crypto 2 years ago and was interested in Ethereum and other dapp projects built on ETH. I came to know about Statera a long time before its creation. Launching Statera became successful as it is what we have always envisioned; a truly Decentralized Deflationary Project, owned and controlled by the community! Irina Kravchuk: <\/strong>The beauty of internet :blush:. Thanks for the follow up<\/p>\n\n\n\n Serg: <\/strong>Thank you for this introduction \ud83d\ude42 The idea behind the project is noble. We’ve collected questions from the community. Are you ready to start discussing them?<\/p>\n\n\n\n Q<\/em><\/strong>1<\/em><\/strong>\nfrom <\/em><\/strong>Bitcointalk<\/em><\/strong>\nuser kahlerr<\/em><\/strong><\/p>\n\n\n\n Please\nexplain the Phoenix fund. What kind of income it generates? On what\nis it based\/backed?<\/strong><\/p>\n\n\n\n Abu-Bakr: <\/strong>Basically, the Phoenix fund is our liquidity pool on Balancer, That is our Main pool drive, The Indexed pool. G C: <\/strong>The Phoenix Fund is a balancer pool that consists of LINK, SNX, ETH, wBTC, and Statera, Statera and ETH are wrapped in the Delta Token (This allows deflation to be securely and safely linked to the balancer pool). Phoenix acts like an index fund keeping the assets all balanced, this is ideal for investing it sells when assets go up to buy the other assets and buys when assets are low (automatically and continuously buys low and sells high). However, this index fund doesn’t charge a fee, it pays you to hold it. So you get passive income from holding Phoenix (the index fund is used to provide liquidity for exchanges, you get the fee the exchanges charge, you basically become Coinbase or Binance, decentralization at it’s finest). The returns on passive income are around 30% APY on the low end, but can stretch all the way to triple digit returns when volume is high.<\/p>\n\n\n\n You can try out some numbers at our profit calculator: bit.ly\/staprofit<\/a> or read more here: https:\/\/medium.com\/@stateraproject\/earn-over-900-returns-on-your-ethereum-with-statera-delta-dfbcc7636627<\/a><\/p>\n\n\n\n One benefit of the system is that it actually thrives on volatility, the more volatile the market the more passive income you get. This is an AMAZING feature in the world of digital assets where there is unbelievable volatility. You just sit back and hold and enjoy the ups and downs while earning more crypto. The fees are paid out in the assets that are in the pools.<\/p>\n\n\n\n Serg: <\/strong>30%? 😱<\/p>\n\n\n\n G C: <\/strong>That is a very conservative number:smile: If our June numbers were true every month (July is looking similar but haven’t completed calculations) it would be 900% APY, though we don’t think volume will stay that high all year, it is not impossible.<\/p>\n\n\n\n Irina Kravchuk: <\/strong>Sounds too good, Where’s the catch?<\/p>\n\n\n\n G C: <\/strong>There is impermanent loss, but if you go to the impermanent loss tab of the profit calculator you can see that it can be offset quite easily by the fees you earn. The main catch is that you have to be a long term holder, the more you pull out and put in the more you try to time the market the less your returns.<\/p>\n\n\n\n Abu-Bakr: <\/strong>Well, there is no catch. Our strength lies in the deflationary and Index aspect of the token mechanism. Serg: <\/strong>BTW, I see you have a picture from the currency of Zimbabwe. Are you implying the hyperinflation with this? \ud83d\ude42<\/p>\n\n\n\n G C: <\/strong>lol, yes it is a slight dig at the many fiat currencies that have failed in the world. You can see why a global immutable deflationary digital asset would be good for the world. Many people think of deflation as bad, because it disincentives consumerism (which traditional economies LOVE), however a lot of research is beginning to surface showing the positives of deflation https:\/\/www.investopedia.com\/articles\/markets\/111715\/can-deflation-be-good.asp<\/a><\/p>\n\n\n\n Irina Kravchuk: <\/strong>good resource. Thanks for sharing<\/p>\n\n\n\n Serg: <\/strong>Your answers are very explanatory and I think that you partially covered some of the next questions 😁<\/p>\n\n\n\n G C: <\/strong>We foresee a world where Statera is used as a deflationary hedge against other assets. Not to name drop other currencies here but: Abu-Bakr: <\/strong>In addition to this, Statera tends to serve as a proof of balance between Inflation, elasticity and deflationary.<\/p>\n\n\n\n Q<\/em><\/strong>2<\/em><\/strong>\nfrom <\/em><\/strong>Bitcointalk<\/em><\/strong>\nuser saner2324<\/em><\/strong><\/p>\n\n\n\n Can\nsudden changes in coin price cause unbalanced coins to experience\nliquidity problems? In this case, does joining arbitration solve the\nliquidity problem?<\/strong><\/p>\n\n\n\n G C:<\/strong> If you have very low liquidity it can cause issues, though the issue is just that you have wild price swings (there is never a failure of liquidity unless there isn’t enough for the trade or there is a smart contract exploit). Arbitrage (not arbitration) solves liquidity problems by pushing against inorganic price swings, our balancer pool also pushes against wild or inorganic price swings, if the price of Statera drops the Balancer uses it’s six figures of buying power to buy Statera at that artificially low price and bring it back up. All the while people in the Balancer and Uniswap liquidity pools get more fees. If you have high liquidity (say six figures) there will never be an imbalance the market adjust constantly and instantly to any coin movements, not allowing the coins to be imbalanced.<\/p>\n\n\n\n The only “imbalance” would be an inorganically high or low price, which the market (and arbitrage bots) would quickly remedy<\/p>\n\n\n\n Q<\/em><\/strong>3<\/em><\/strong>\nfrom <\/em><\/strong>Tel<\/em><\/strong>e<\/em><\/strong>gram<\/em><\/strong>\nuser @olivegreece<\/em><\/strong><\/p>\n\n\n\n What\nis the purpose of your deflationary model? Which are the advantages\nof this compared to other projects?<\/strong><\/p>\n\n\n\n Serg: <\/strong>partially covered<\/p>\n\n\n\n G C: <\/strong>Deflation has many economic benefits: This\ncommunity made video does a good job of explaining the ecosystem and\ndeflation:\nhttps:\/\/www.youtube.com\/watch?v=QzNhe5Hd0do&list=PLaJGLRo8ZLrSYz5oj6Zob24GczA2PZCnh&index=2&t=0s<\/a><\/p>\n\n\n\n Abu-Bakr:<\/strong> Statera’s Deflationary mechanismreduces the supply of STA to help bring value to the currency, Serg:<\/strong> Is there a hypothetical posibility that it can get to zero? by deflation<\/p>\n\n\n\n G C: <\/strong>No, it is an asymptote, it nears zero but never reaches it, unless you go to infinity, in which case the earth would be engulfed in flames from the sun, so deflation would be the least of your worries. https:\/\/en.wikipedia.org\/wiki\/Asymptote<\/a><\/p>\n\n\n\n Serg:<\/strong> I didn’t ask for me. I asked for my grandgrandgrandgrandgrandgrandgrand children 😁<\/p>\n\n\n\n G C: <\/strong>add an infinity amount of “grands” and yes it would affect them<\/p>\n\n\n\n Irina Kravchuk:<\/strong> Sounds very tempting 😊<\/p>\n\n\n\n Serg:<\/strong> the deflationary model is a very interesting model and attractive for investors<\/p>\n\n\n\n Abu-Bakr: <\/strong>What is more interesting is the Deflationary being Indexed.<\/p>\n\n\n\n G C: <\/strong>and attractive for economies!:smile: If you run a country out there we’d be happy to discuss becoming your national currency :laughing:<\/p>\n\n\n\n Serg: <\/strong>Did you get in touch with the Zimbabwe central bank? 😁<\/p>\n\n\n\n G C: <\/strong>not yet, do you have their telegram username?<\/p>\n\n\n\n Irina Kravchuk:<\/strong> They didn’t have money to pay for their internet 😊 <\/p>\n\n\n\n Why is it (the deflationary model) viewed as negative then? For states I mean<\/p>\n\n\n\n G C: <\/strong>It reduces spending and investments in “malinvestments” (deflation makes it so you don’t invest in bad investments, like Kodak or Hertz). The US has pumped out over 10 trillion in dollars to force people to buy things, hence the stock market at a all time high in the middle of a pandemic. If you want people to keep spending, which can produce jobs and spending in the economy do inflation. Unfortunately these are artificial boosters and the house of cards may come down sooner than later. The best answer is responsible inflation\/deflation unfortunately we have gone FULL inflation, hence the global debt levels and artificially pumped up markets. Now a days the success of your company depends on getting government handouts more than providing actual value<\/p>\n\n\n\n Abu-Bakr: <\/strong>Centralization\u2026<\/p>\n\n\n\n Irina Kravchuk: <\/strong>You mean a deflationary system is more decentralized?<\/p>\n\n\n\n Abu-Bakr: <\/strong>Nope\u2026<\/p>\n\n\n\n Q<\/em><\/strong>4<\/em><\/strong>\nfrom <\/em><\/strong>Tel<\/em><\/strong>e<\/em><\/strong>gram<\/em><\/strong>\nuser @Dzikray<\/em><\/strong><\/p>\n\n\n\n Statera\nclaim to be a \u201dsmart-exchange\u201d which features make it \u201dsmart\u201d\nand putstand in comparison with other exchanges and how can it\nbenefit traders?<\/strong><\/p>\n\n\n\n G C: <\/strong>Not sure exactly what he is getting at but centralization is bad for economies (having a central bank decide your monetary policy on the fly without say from the people), that centralization when it forces deflation or inflation without regard for reality or the want of the people is an issue. Which is why immutable and sound monetary policy (which Statera has) is so powerful.<\/p>\n\n\n\n The “smart exchange” is in reference to this sentence I’m assuming “smart-exchange routing, including, but not limited to, Kyber, 0x, Relays, Uniswap, & Balancer” (on our website) What this means is the liquidity pools we are in (on uniswap and Balancer) route trades from all of these exchanges, so if you buy delta on Balancer it may actually pull from the liquidity pool on Uniswap and visa versa. Our liquidity pools route trades to whatever exchange needs them most.<\/p>\n\n\n\n These exchanges are\nbetter because they are decentralized, give the fees to people\n(rather than coinbase or binance), and give you the best prices\npossible for assets.<\/p>\n\n\n\n Q<\/em><\/strong>5<\/em><\/strong>\nfrom <\/em><\/strong>Tel<\/em><\/strong>e<\/em><\/strong>gram<\/em><\/strong>\nuser @bangkokwild<\/em><\/strong><\/p>\n\n\n\n I\ndon’t get what is Delta token doing? why do you need it beside STA?\nany benefits for the hodlers? Thanks!<\/strong><\/p>\n\n\n\n Abu-Bakr: <\/strong>I think it has been covered above. DELTA is a liquidity pool token that allow us to safely pool STA (Deflationary token) on balancer. It is a uniswap liquidity pool of STA\/ETH pair. Serg: <\/strong>yes, some of the questions we discussed at the beginning<\/p>\n\n\n\n G C: <\/strong>Delta Token provides liquidity for STA on Uniswap (it is 50\/50 ETH\/STA). Anytime someone buys or sells STA it uses that pool for liquidity and pays Delta Token holders the fees. So if you are holding Delta token you are earning more ETH\/STA about 30% APY but it can be much more. It is needed to provide liquidity for STA and to provide holders with passive income. Yes, it also allows us to link deflation to any ecosystem even if they can’t securely handle deflation, forgot that part in my answer.<\/p>\n\n\n\n Q<\/em><\/strong>6<\/em><\/strong>\nfrom <\/em><\/strong>Tel<\/em><\/strong>e<\/em><\/strong>gram<\/em><\/strong>\nuser @Rosane1a8<\/em><\/strong><\/p>\n\n\n\n How\ncan I as a Statera participant participate in liquidity mining, and\nreceive BAL as reward?<\/strong><\/p>\n\n\n\n G C: <\/strong>Add to the Phoenix Pool for BAL rewards and Liquidity Mining. Add to Delta for just liquidity mining. Community made walk through on how to do that: https:\/\/www.youtube.com\/watch?v=JafzpZcUpnA&list=PLaJGLRo8ZLrSYz5oj6Zob24GczA2PZCnh&index=3&t=2s<\/a><\/p>\n\n\n\n Q<\/em><\/strong>1<\/em><\/strong>\nfrom <\/em><\/strong>Tel<\/em><\/strong>e<\/em><\/strong>gram<\/em><\/strong>\nuser @kokonh<\/em><\/strong><\/p>\n\n\n\n Marketing\nis a central element for every project, so that everyone knows the\npotential that a project can bring is vital to achieve the goals set.\nWhat is your strategy to attract new users and Investor to $STA and\nkeep them long term?<\/strong><\/p>\n\n\n\n G C: <\/strong>Attracting new ones: we have been very aggressive with marketing and have some more big things lined up. One of the biggest Youtubers covered us in actually one of the most comprehensive videos out there: https:\/\/www.youtube.com\/watch?v=RRlJbe7ZUh0&t=2s<\/a> We have more collaboration with big name companies and influencers on the way (we also partnered with the crypto app for marketing two weeks ago). Q<\/em><\/strong>2<\/em><\/strong>\nfrom <\/em><\/strong>Tel<\/em><\/strong>e<\/em><\/strong>gram<\/em><\/strong>\nuser Amina Peter<\/em><\/strong><\/p>\n\n\n\n
<\/strong> <\/p>\n\n\n\n
<\/strong>This is part of the essential vision of STAETRA PROJECT! A truly community driven decentralized deflationary project<\/p>\n\n\n\n
Am so glad for we are and where we are headed!<\/p>\n\n\n\n
GC is going to respond regarding the ROI.
Phoenix is STATERA’S Index portfolio consisting of WETH WBTC LINK SNX and DELTA.
DELTA is a liquidity pool token that allow us to safely pool STA (Deflationary token) on balancer. It is a uniswap liquidity pool of STA\/ETH pair.
This method was deduced after the balancer exploit which drained our primary pool about a month back.<\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/pic1-1.jpeg\")
<\/figure><\/li><\/ul><\/figure>\n\n\n\n
While there is continues arbitrage between the balancer trading the Index pool for balancing, there is a constant burn on every transaction being made, dwindling the supply, supporting the value of the token as it become scarce.<\/p>\n\n\n\n
Bitcoin – Inflationary
AMPL – Elastic
Statera \u2013 Deflationary<\/p>\n\n\n\n
1. Incentivizes Saving
2. Moves capital to worthy investments
3. Retains the value of capital
Within our ecosystem it also produces positive price pressure and in turn reduces volatility. As trades are made every trade reduces supply which pushes up on price and down on volatility. The dwindling supply and in turn moving price also increases volume as the market reacts to the price changes.
Deflation also acts as almost a loyalty reward (in relation to incentivizing savings) as you hold longer term there is no burn to your personal supply (no deflation) but all the traders, people in the market, and balancer pool keep on burning and deflating the supply. This makes your holdings more valuable, so it rewards you for buying early and holding long. While you are holding you can add to delta or phoenix to get even more rewards! While you are in those your supply also isn’t burned (it is in a secondary way as people trade, but not directly and not as much as you personally moving it around).<\/p>\n\n\n\n
Deflation also creates a loyalty and holding incentive. The earlier a user buys STA, the higher the supply will be. The longer they hold, the lower the supply will go. As the user continues to hold, the decreasing supply continues to put positive price pressure on their holdings. This incentivizes the best practice of buying and holding, while intrinsically rewarding brand loyalty to Statera.<\/p>\n\n\n\n
This method was deduced after the balancer exploit which drained our primary pool about a month back<\/p>\n\n\n\nPart\n2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
For keeping people long term our ecosystem is designed from the ground up for that. With the passive income and deflation it incentivizes people to stick around long term.<\/p>\n\n\n\n