Good afternoon Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.
In this article we talk about more features of Statera!
In the last E&S article I introduced you Statera (STA) and I said that is a smart contract powered Indexed Deflationary Ecosystem, which synergizes with a trustless and community-driven portfolio of class-leading cryptocurrencies. Every trade for Statera creates arbitrage opportunities, which results in volume rippling across the entire Statera ecosystem, resulting in higher fees paid to liquidity providers.
The total supply of 101 million Statera tokens were minted on the Ethereum network.
As the Statera Ecosystem thrives on low-cost, high-frequency transactions, they have bridged their tokens and ecosystem to the Fantom network where STA continues to burn with every transaction. They believe that Statera is the first multi-chain project to burn across networks.
By enabling any imbalance in the ecosystem - however slight - to result in a successful trade, volume spreads throughout pools, resulting in higher fees paid to liquidity providers and an ever-decreasing supply of Statera.
Statera Ecosystem
The Statera Ecosystem consists of several key liquidity pools that combine to result in additional volume being generated through inbuilt arbitrage opportunities and deflation. At one end of the Ecosystem, we have the STA token. All on-chain transactions result in 1% of the transacted amount being permanently removed from supply - applying positive price pressure across the ecosystem.
At the other end we see wSTA introduced into a suite of Index Pools, namely Dante Symphony, which contains wSTA, BTC, ETH, FTM, and BEETS. The majority of wSTA liquidity is concentrated here. And at the heart of the Statera Ecosystem is the Infinity Pool. This 50/50 STA/wSTA liquidity pool allows for successful arbitrage opportunities to occur between the two tokens whenever they fall out of peg, as both the tokens are individually traded against other pairs yet can be converted for one another.
Now let’s look at STA.
Statera is actually trading around 0.006/0.007$ after an all-time high of 0.36$ reached in August 2020. Actually, volumes are very low and according to CMC, STA it’s not listed on many exchanges.
What do you think about this crypto featured here on Publish0x?
Next Sunday I’ll introduce to you a new cryptocurrency.
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