AMA AT DETECTIVE ID (25/06/2020)
Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken.
Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established?
The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control.
Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020?
By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges.
Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers?
Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community
Community Questions (Twitter):
Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions
Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different?
Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side
Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing?
As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here.
Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera?
I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle).
Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed?
The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :)
Nuked Phase (3rd Part)
Q) What is your VISION and Mission?
Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset.
Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion?
We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊)
Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?.
You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens
Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them?
We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on.
Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.??
When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing
Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction?
We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem
Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market?
We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18
Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges?
Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price.
Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents?
We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract).
Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects?
Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk)
Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people.
Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology?
We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming
Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations.
Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term?
The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above
Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it?
We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token.
Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges?
STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible??
Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community
Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ?
Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention.
Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space?
We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about.
Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term?
The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people!
Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space?
We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this?
By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would
Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time?
I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject

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• Dash Core Group Q2 2020 Summary Call
• Dash Product Update — July 19th, 2020
• DashPay Username Registration Demo
• DASH Project Update - Mainnet 2020
• Interview with Ryan Taylor, CEO of Dash Core Group, on DASH's new Economics
• Dash Core CEO Ryan Taylor on Decentralization & the Future of Crypto Usage
• Dash Podcast 147: Ryan Taylor on Dash Tokenomics
• Dash Core Group Presentation on Dash Economics
• Dash Product Update — May 30th, 2020
• New Dash Animated Videos
• Product Update — May 16, 2020
• Community Q&A - Q1 2020 Summary Call
• Dash and Analytics Platform IntoTheBlock Partner on Dash insights
• What Are The Future Plans For Dash? Answered by Dash Core Group CMO, Fernando Gutierrez
• Product Update — May 2, 2020
• Dash’s Yearly Emission Reduction of 7.14%
• Product Update — April 25, 2020
• Dash Core Group Q1 2020 Summary Call
• Product Update — April 18, 2020
• Product Update — April 11, 2020
• Product Update — April 4, 2020
• AMA with Ryan Taylor and Binance U.S. on Telegram
• Product Update — March 28, 2020
• Product Update — March 21, 2020
• Product Update — March 12, 2020
• Untold Stories: Dash Core CEO Ryan Taylor on Dash's Philosophy with Charlie Shrem
• Dash Core Group Q4 2019 Summary Call
• ChainLocks and LLMQ-Based InstantSend mean Digital Cash

Dash Newsroom with Mark Mason & Dash Talk with Amanda B. Johnson

(last updated: Oct 30th, 2020)

• DASH Partners with StakeHound Enabling Ethereum DeFi Users to Earn Rewards with StakedDASH
• Dash Talk - Create Dash Trading and Liquidity Mining Bots with Hummingbot to Earn Rewards
• Dash Talk - How to trade Dash on Quadency Crypto Trading Platform with Trading Bots
• What is the Dash FastPass Network?
• Dash Talk - Zaigar Saves Over $2,000 In Fees In June Using Dash Instead of Ethereum ERC-20 Token
• Dash Talk - Ryan Taylor Discusses Network Proposal to Adjust Block Reward Allocation
• Dash Insights: Institutional Platform LGO To Provide OTC Liquidity For Dash Network
• Dash Talk - Amanda Interviews Dash Philippines Head Ambassador Veronica Andrino
• Dash Talk - Amanda Interviews Sergej Kotliar, CEO & Founder of BitRefill
• Dash Talk - Amanda Interviews Alfredo Terrero, COO & Co-Founder of IntoTheBlock
• Dash Talk - Dash Investment Foundation buys Gold with Dash on Vaultoro
• Dash Talk - ReadyRaider eSports Gaming Platform Partners with Dash as Exclusive Payment Method
• Dash Talk with Amanda B. Johnson Feat. WhiteBIT Cryptocurrency Exchange
• Dash Insights: Postera Capital - The First EU-Regulated Crypto Investment Fund
• Neptune Dash Secures $4 Million via New York Private Equity Firm Alumina Partners LLC
• B2C2 A Billion Dollar Cryptocurrency Market Maker

Development news

(last updated: Oct 30th, 2020)

• Release Announcement: Dash Platform v0.16 on Evonet
• v0.16 Migration Report — Week 3
• v0.16 Migration Report — Week 2
• Product update by Dana Alibrandi, Head of Product at Dash Core Group
• Dash Core v0.16 Migration Report — Week 1
• DashMasternodeTool v0.9.26-hotfix3 released
• Dash Improvement Proposal 12 - Dash Platform Name Service
• Dash Improvement Proposal 11 - Identities
• Release Announcement: Dash Core v0.16 on Mainnet
• Dash to be a Cloud-Based Decentralized Cryptocurrency
• Dash is evolving into a decentralized cloud cryptocurrency
• Dash Platform Seeks to Become a Decentralized Cloud
• Dash Core Release v0.16.0 for the Cryptocurrency and Blockchain Space with Major Highlights Listed
• Release Announcement: Dash Platform v0.15 on Evonet
• Electrum Dash Release 3.3.8.7
• Dash Demos Decentralized Twitter and Merchant DApps Leveraging Blockchain Usernames
• Dash Core Group Set to Release Next Update; Testnet to Launch by the End of 2020
• Dash Core Group to Release Next Update, to Launch Testnet by Yearend
• Release Announcement: Dash Platform v0.14 on Evonet
• Product Brief: Dash Core Release v0.16.0 (now on testnet)
• Release Announcement: Dash Platform v0.13 on Evonet
• Dash Electrum 3.3.8.5 released
• Smart Contracts in Dash Platform? - Evolution Architect Andy Freer responds
• CashAlternative TV: Dash Platform v0.12 Released! (Bonus DashPay Wallet Demo)
• Dash Electrum 3.3.8.4 release
• Announcing the Release of Dash Platform v0.12 on Evonet
• Release Process at Dash Core Group
• Dash Chrome Wallet by readme
• Announcing the Release of Dash Platform v0.11
• Dash Electrum 3.3.8.3 - First mobile wallet implementation with PrivateSend
• Announcing the Release of Dash Platform on Evonet
  • DashDevs.org Platform Developer Portal (Video walkthrough the website)
  • Dash DApps Developer Discord
  • Dash Platform subreddit
  • Dash Devs Forum

Adoption, Partnership, Business Development, General News

(last updated: Oct 30th, 2020)

• DASH Update 2020: Where is it Headed?
• Payments-focused cryptocurrency Dash now has a bridge to DeFi
• Dash adjusts block reward percentage to improve the economics of its network
• DASH Ecosystem is Now Excited about the Best that Is Happening with FastPass
• Dash FastPass Network: What’s That & What’s So Cool About It
• Dash FastPass Rollout Across Top Cryptocurrency Exchanges Sparks Bullish Surge
• Dash FastPass Network is the New Excitement in the Cryptocurrency Community
• Dash (DASH) or Digital Cash Devs Release New Version to Make it Easier to Test New Features
• Roger Ver Promotes Dash on Reddit
• Roger Ver Tells Disgruntled Bitcoin Cash Faction to Buy Dash
• DashPay for Micropayments Becoming Popular in Dash Community
• The Double-Edged Sword of Masternodes: What Happens When Inflation Surpasses Reward
• Miners and Masternodes: Dash’s Two-Tier Blockchain Architecture
• DASH Incorporating Memo Dash Payment and Social Aspects Together on the Blockchain
• Institutional Platform LGO To Provide OTC Liquidity To The Dash Network
• CryptoRefills Announce 30% Reward Bonus If Users Redeem Loyalty Points In Dash
• How to Start Trading Dash Futures
• Useful Places to Spend Dash as Digital Cash
• Dash DApp Wishlist by Dash Core CEO Ryan Taylor
• Cryptocurrency Spotlight: Dash
• Dash Joins the Messari Disclosures Registry
• Why Dash Won the Bitrefill Transaction Speed Race and What That Means
• Dash is Bashing Every Where Users have Lot of queries Awaiting AMA June 05, 2020
• ReadyRaider eSports gaming platform partners with Dash as exclusive form of payment
• New Analytics Provide Fascinating Insights About the Dash Cryptocurrency
• IntoTheBlock Analytics for Dash, April 2020 Report
• AMA Recap: Alysa Xu & DASH – Begin with Dash Swap Trading – Part I
• AMA Recap: Alysa Xu & DASH – Begin with Dash Swap Trading – Part II
• Dash Partners With AnkerPay to Grow Ecosystem in Sub Saharan Africa
• Dash now listed on Transak. Exchange GBP, EUR and IND for Dash. Card payments coming soon.
• Luxor Launches Dash PPS Mining Pool
• DASH/USD perpetual swaps are now live on Huobi DM (Huobi Futures)
• Dash Contest with WhiteBit and WinPlay!
• Dash Core Group, Reciprocity Trading and BlockchainIntel Focus on Transparency in Digital Currency Trading
• Huobi Wallet is splitting $10,000 of Dash with users that download their wallet

Summary:
Event site: https://www.ri2020.io/
Event date: May 18th, 2020
P-PREP Commitment Date: April 30th, 2020
Telegram: u/markusreisner
We believe we have a strong proposition to market ICON in a meaningful way to some of the largest communities in crypto.
The MouseBelt team has the largest global network of over 100+ universities in 20+ countries. Over the last few months, 10+ university blockchain events we were working with got canceled for obvious reasons.
Due to that fact, and our understanding of our reach we decided to launch a virtual conference. Since April 10th here is what happened:

• We have enrolled over 100+ partners and universities
• With BlockTV’s distribution (we are taking over the site for 1+ months) and our post-conference strategy, this content will reach 5+ million views
• Over 5000 people have registered between Eventbrite and Facebook (with 21 days to go, we expect 20,000 people registered)
• We have invested $70,000 to professionally produce this 72-hour event with BlockTV
• We believe we have surpassed Cointelegraph and Consensus in reach and production quality.
• We believe this is the #1 conference in crypto currently.

MouseBelt will invest over $70k+ into this event. We would like to have fellow P-Reps invest $20k (this will go 100% to BlockTV production cost).
The benefit to the ICON community will be:

• Owning 20% of the conference “screen time” at a 50% discount
• Increased exposure to over 100+ top universities working on blockchain
• Partnership with Anheuser-Busch InBev, and Coca Cola for one of our hackathon events (or similar).
• We are open to adding as many additional benefits as possible as we are a part of the ICON community

Background:
MouseBelt is a popular blockchain ecosystem consisting of multiple parts:

• Top 3 global blockchain accelerator, investing into early to mid-stage blockchain projects
  • https://mousebelt.com/
• The global leader in blockchain education
  • https://mousebelt.university/
    • Over 100+ schools in 20+ countries
  • The largest coalition of blockchain and enterprise companies aimed at supporting blockchain education at the university level
    • ICON, Binance, Ripple, Mastercard, Hedera, etc
• Over 50+ blockchain developers working on a variety of blockchain projects
  • https://mousebelt.com/engineering
  • Spent over $200k+ on blockchain open-source tools
    • https://mousebelt.com/resources

MouseBelt as ICON developers:
Our engineering team has implemented token assets on ZenSports (SPORTS), the first STO on the ICON network, and GrowYourBase, the #1 IRC2 application token in market capitalization on the ICON network.
Currently, we are developing the Balanced network in concert with ICX_Station, PARROT9, and Iconosphere. Balanced will bring synthetic assets backed by ICX to the ICON network, as well as tokenized staked ICX. This can assist with both a stable asset for payments, and a base for other DeFi applications
MouseBelt as a P-Rep:
We have been a Main P-Rep most of the time since decentralization of the network and so far had utilized our funds for student education.
Such as the “ICON in a box” workshops and the Milwaukee Blockchain Conference, which we sponsored in a direct ICX payment and the second annual payment for UCLA’s blockchain engineering course.
REIMAGINE2020, Conference details:
Conferences have always been an integral part of the blockchain space to promote projects in the industry.
With recent evolutions around the globe, things have changed. They either got canceled or delayed.
We have created REIMAGINE2020, a virtual conference.
Shared by the ICON Foundation on April 18.
We can effectively and efficiently promote ICON to the world through Reiamgine2020 | BlockTV. The driving force behind the conference is: highest quality of Content matched with the best production quality for Video. The funds will allow MouseBelt to promote ICON logo/branding throughout the conference/programming for straight 72 hr of live streaming. Additionally, we have the opportunity to properly place ICON logo/branding in highly favorable on-screen placements (tickers/commercials/plugs and continuous branding) reaching 5M viewers globally. ICX Station is providing a Keynote to drive global interest.
Confirmed partners

• Industry: Blockchain Education Alliance (providing 1 keynote and 3 workshops each)
  • Corporate
    • Ing, Boeing, Coca Cola, AB Inbev, (in discussion with 20+ more over the next 3 weeks)
  • Blockchain
    • Nervos, ICON (Daeki Lee will be a speaker), Hedera Hashgraph, Emurgo, ETC Labs, IoTeX, Kucoin, Constellation, NEO, Matic, Ripple, NEM, Orbs, Wanchain, Ontology, Harmony, Stellar, Truffle Suite, etc
• Education: 50+ Universities and student groups
• Media:
  • BlockTV: Official co-producers of the event. They will assist us in creating and hosting content for a 72-hour live stream.
  • Crypto Briefing

Schedule & Format

• 72 hour live stream (may be live or pre-recorded)
  • Premier Content - Facilitated/moderated and produced by BlockTV. Speakers and content provided by MouseBelt (ex: keynotes, panels, debates)
  • Events - BlockTV presents the segment. MouseBelt runs coverage of the event (ex: hackathon, pitch events, trading competition)
  • Additional Content - BlockTV provides up to 3 hours of additional content per day. More additional content provided by MouseBelt media partners (Interviews & Q&As)
• One-off events running simultaneously to the livestream hosted by MouseBelt & partners
  • Workshops
  • 1:1 Networking
  • Invite-only VIP & student event

Production Status

• BlockTV - #1 blockchain TV channel in the world
• High-quality video content produced in professional studio
  • Example 1: CZ opens up on China hopes, Bitcoin price and Binance future
  • Example 2: Antonopulus: Economic crisis will be terrible for crypto
• MouseBelt investing $70,000 to produce this 72-hour event
• Multiple network partners streaming the content live & rebroadcasting over the following 2 weeks
• Expected 5 million views

Audience
In addition to the communities of our confirmed partners and universities we are targeting:

• BlockTV - 1.7m weekly live viewers from over 60 countries
• Crypto Media Partners - 300k+ community members in Facebook groups & listservs
• MouseBelt University - 5,000 students from 100+ universities in 24 countries (58% developers)
• Top 16 cities for blockchain meetups - Amsterdam, Atlanta, Berlin, Boston, Buenos Aires, London, New York, Paris, Puerto Rico, San Francisco, Seoul, Seattle, Singapore, Toronto, Vancouver, Zurich
• Executives and investors from blockchain & non-blockchain companies like Mastercard, Budweiser, Draper, etc.

1. Viewers - Tuning into the livestream, attending a workshop, or watching the content post-conference.

• Crypto Enthusiasts: Livestreamed & pinned to our crypto communities:
  • Crypto Coin Trader - 113k members
  • Uptrennd - 80k members
  • Cryptocurrency Investing - 130k members
• University students: 100+ university network in 24 countries = 5,000 students
• Partner communities - some of the top crypto media and industry people in the world have already shared our event:
  • Modern Consensus: https://twitter.com/modernconsensus/status/1251224770244489216?s=21
  • Uptrennd: https://twitter.com/Uptrennd/status/1250643977855885312?s=20
  • NEM: https://twitter.com/NEMofficial/status/1252966682127204353?s=20
  • Hedera: https://twitter.com/hashgraph/status/1252235906938880009?s=20
  • ICON: https://twitter.com/helloiconworld/status/1251308176831426560?s=20
  • Ontology: https://twitter.com/OntologyNetwork/status/1250322902051745793?s=20
  • Neo: https://twitter.com/NEO_Blockchain/status/1250638431148892160?s=20
• Global distribution by BlockTV over 90 days = 5 million impressions

2. Participants - Speakers, partners, and sponsors

• 60 industry executives = BEA Members @ 3 speakers/workshops each
• 18 university partners - USA, UK, Australia, Czech Republic, Ghana, Nigeria
• Speakers include Hedera CMO, Emurgo CEO, Dr. Sadoghi at UC Davis and more...
• Confirmed keynotes & workshops listed here
• Influencers we are reaching out to: Chamath Palihapitiya, Adam Back, Ray Dalio, Andreessen Horowitz, Michael Novogratz, Naval Ravikant, Balaji S. Srinivasan, Su Zhu, Charlie Lee, Nick Szabo, Riccardo Spagni, Fred Wilson, Max Keiser, Winklevoss, Air Paul, Michael Arrington, Peter Schiff, Paolo Adroino, Elizabeth Stark, Marc Andreessen, A. Pompliano, Patrick Byrne, Brock Pierce, CZ, Vitalik, Andreas M. Antonopoulos

3. As far as hard data for "attendees" we have two signals:

• 5000+ attendees on Facebook and Eventbrite, with 3 weeks to go (13X MORE than Virtual Blockchain Week!)
• Attendee list includes a mix of media, university representatives, C-level executives, developers, and startup founders

Dear Community,
What an exciting and jammed pack few weeks it has been — with the launch of staking, the 2Key Network partnership, and a major Kudi update — to name a few!
But as the profile of Ferrum continues to grow, it is essential we never stray from the fundamentals that got us this far: hard work, transparency, and a commitment to community.
In this community update, we provide a recap of the last few weeks, and look ahead to a few initiatives we are planning.
Business Update
With the release of the FRM Flexible Staking platform, we took that opportunity to kick the marketing into high gear. These marketing efforts paid off, and we were fortunate to be picked up by top influencers like Teh Moonwalker, Oddgems, and Micro Cap Gems. Here’s what happened the past few weeks.

• Released FRM Staking version 0.1 with the 18 month staking pool selling out in about 15 minutes. The total amount of FRM locked for staking is 8,412,666 + 2,397,260 locked for rewards, which equate to around 10% of FRM circulating supply.
• Conducted no less than 10 AMAs in the past 4 weeks in major channels like Moonwalker’s, the AMA Room and CryptoCabital, among many others.
• Announced a partnership with 2Key Network to utilize their Smart Links technology so our community can be rewarded for referring Ferrum Network products.
• We’ve also seen strong growth of the Social Mining platform, with over 50 members now actively participating in the community created Social Mining Chat, and no less than 3,083 members signed up for social mining.

Tech Update
For those who missed the Tech Update from our CEO Naiem Yeganeh, PhD, here are some highlights:

• Backend. we have made major progress in the backend which is enabling us to launch products faster and cheaper, such as building abstraction layers around security and chain access to speed up the development process
• Coding. The dev team have been working on more than 25 repositories and has averaged around 1.5 commits per day, including weekends.
• Open source. if you check our github, you can see around 10 public repositories in the last few months. We have forked and modified several popular Javascript crypto libraries so they share the underlying core crypto libraries. We did this to reduce the attack surface, the code size related to crypto libraries, and make them all compatible with various environments such as React Native. Examples are hdkey, elliptic, tweetnacl-js, bs58check, bip39, and more. We have also contributed to Binance chain ecosystem by creating a transaction parser that their JavaScript SDK was lacking.
• Products. In the past 3 months we have built several products including KYC collection, management tools, and the Token Bridge. Last product is our staking platform built on top of Ethereum network, which is a flexible staking system for ERC20 tokens and a MetaMask integrated UI.
• First Kudi. Significant progress in improving, refactoring, and adding features including one-click bank accounts, POS improvements, automatic invoicing, and more.
• Unifyre Wallet: Backend is mostly complete, and we are working very hard to make it ready for Beta testers by end of year. Unifyre will be a unique multi-chain crypto wallet. It will be the first wallet where you completely take control of your private keys, but can benefit from server side security checks such as two factor authentication, AI based fraud detection, geo-fencing, locking account on a lost or stolen phone, and other security features. You will have access to buy crypto around the world and will work seamlessly with other Ferrum products.
• Network and other products: Most work on Unifyre and Kudi are architectured in such a way to optimize code re-usability. We are making progress toward some other products and the mainnet, which will be announced accordingly.

First Kudi Update
The First Kudi team on the ground in Nigeria continues to make significant progress.

• Announced the new First Kudi website along with the upcoming initiative with the Kudi Bank card
• Added a major feature to the app which gives all our users their own personal bank account through our partnership with Providus Bank!
• Our Referral Program has seen major growth, with nearly 100 users being referred in the past few weeks and growing daily!
• Apple iOS has been preliminarily approved! However, Apple is requesting certain accommodations so the app works on the iPad, which may require more development work. We appreciate your patience.
• We released an early version of a video showing merchants using the app. More videos will be released soon.

What’s Next
It is critical we capitalize on the attention we have garnered from the team and community efforts, and to start 2020 with a bang. Here are some of the upcoming initiatives we are working on.
Flexible ERC-20 Staking v0.2
We are strongly considering launching another round of staking. We are taking the lessons learned from the first round and improving the experience. Community feedback will be key to make version two even better, so expect to see a series of polls in the coming days.
A Trading Community
A strong group of FRM traders who post technical analysis on social media is great for exposure and great for liquidity. We are currently laying the groundwork to build a trading community to come up with initiatives like trading competitions and special trading rewards. Anyone interested in joining such a community should PM Ian on Telegram.
FRM on Kudi
We have been working hard to add FRM and ETH to the Kudi app so our users can buy it directly with Naira. This will also open up additional utilities for the FRM token, including a premium membership program that will reward users for holding the token and using the app. More details to follow.
Expansion into other Markets
As you may know, one part of our business model is to partner with top notch teams in emerging markets where our fiat gateway + payments app technology can be successful.
We are happy to report that we have started to work with such a team in Brazil and they are in the early stages of launching their own product powered by Ferrum Network. More news to follow.
Conclusion
Thank you all for your continued support of Ferrum Network. 2019 was a really special year that we will never forget. But together we can make 2020 even better!
Very truly yours,
The Ferrum Network Team
Ferrum Network Links:
Website: https://ferrum.network/
Telegram: http://telegram.ferrum.network
Twitter: http://twitter.ferrum.network
LinkedIn: http://linkedin.ferrum.network
YouTube: http://youtube.ferrum.network
Reddit: http://reddit.ferrum.network
Bitcoin Talk: http://bitcointalk.ferrum.network
Facebook: http://facebook.ferrum.network
Github: https://github.com/ferrumnet/
Instagram: http://instagram.ferrum.network