Statera

Statera

STA
$0.001750774

Key Metrics

Price$0.001750774
Real Volume (24H)$0
Marketcap$137,380.18
Fully Diluted ValuationN/A
ATH$0.466452
ATH Date8/11/2020, 12:09:17 PM
ATL$0.00000154
ATL Date5/30/2020, 12:22:00 AM
Circulating Supply79M
Total Supply79M
WebsiteN/A
WhitepaperN/A
Popularity Rank3510
Chart
What is Statera?

Statera is a cutting-edge ecosystem composed of two tokens, STA and wSTA, that operates on the power of smart contracts. It is an indexed deflationary system that works hand in hand with a community-driven portfolio of blue chip cryptocurrencies. Every transaction made with Statera creates arbitrage opportunities that increase volume across the entire ecosystem, which results in higher fees paid to liquidity providers.

Statera's smart contract is designed to ensure that every transaction results in 1% of the amount transacted being destroyed permanently. This deflationary mechanism increases positive price pressure and contributes to reducing volatility. With every chain transaction of Statera, the ecosystem becomes deflationary, which further enhances the token's value.

The composability of STA and wSTA is what allows Statera to provide considerable arbitrage opportunities that drive volume across the ecosystem. By having wSTA and STA tokens work in harmony, traders have multiple options to trade the two tokens against each other, resulting in more arbitrage opportunities that increase volume across the ecosystem.

Statera's ecosystem is indexed to a suite of blue chip cryptocurrencies, which means that the market itself can drive price action. This synergy between Statera and blue chip cryptocurrencies reduces the risks associated with trading new and less known cryptocurrencies. The community-driven approach ensures that the portfolio is always up-to-date, which helps to drive the ecosystem's growth.

STA is the primary digital asset that forms the cornerstone of the entire ecosystem. It is the fuel that powers the Statera ecosystem. Thanks to its deflationary mechanism, STA increases positive price pressure and reduces volatility. With every chain transaction made with STA, 1% of the transferred assets are permanently removed from circulation, making the token more valuable over time.

wSTA is minted by wrapping the local Statera coin. The conversion process results in 99 wSTA out of every 100 STA after quenching. The wrapped Statera can be securely implemented in third-party protocols such as Stabilizer while maintaining the deflation of the ecosystem through the STA token. Additionally, wSTA can be removed from print at any time and return the STA to its owner, providing flexibility for the users.

Statera is an ecosystem that provides considerable opportunities for traders by offering arbitrage opportunities across the ecosystem. The deflationary mechanism ensures that the value of the STA token increases over time, reducing volatility, and contributing to the ecosystem's growth. The synergy between Statera and blue chip cryptocurrencies provides a safe and reliable environment for traders, reducing the risks associated with trading less-known cryptocurrencies.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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